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Home Articles

IDBI Executive Salary 2021

by Faheema Shereef
October 19, 2021
in Articles, Banking
IDBI Executive Salary 2021
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Table of Contents

  • IDBI Executive 2021: Overview
  • IDBI Executive Salary Structure 2021
  • IDBI Executive Contractual Period
  • IDBI Executive Salary 2021: Job Profile
  • IDBI Executive Salary: Career Growth

The Industrial Development Bank Of India has published the recruitment notification for the post of IDBI Executive 2021. The notification is announced to hire 920 candidates which will be done on a contract basis for 1 year(extended up to 2 years). All the interested and eligible candidates who are applying for the recruitment might be curious as to know the IDBI Executive salary 2021 including the IDBI executive salary structure, job profile, IDBI executive asi  IDBI executive pay scale and promotion which is provided in the article below.

Click here for more updates on Government exams

IDBI Executive 2021: Overview

The IDBI Bank Executive recruitment notification was published against the advertisement number 4/2021-22. Applicants can check the below table for more details.

IDBI Executive Recruitment 2021: Overview
Recruitment IDBI Bank Executive Recruitment 2021
Advertisement Number 4/2021-22
Post Executive
Number of Vacancies 920
Educational Qualification Graduate
Selection Process Online Test and Document Verification
Application Fees Rs. 1000 for General/OBC/EWS and Rs. 200 for SC/ST/PWD
Official Website @idbibank.in

Click Here to Check IDBI Bank Executive Recruitment 2021

IDBI Executive Salary Structure 2021

1: What does the acronym "ATM" stand for in banking?

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5: What does "KYC" stand for in banking?

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    As mentioned above, the IDBI Bank executive job is going to be on a contractual basis. The contract is generally for 1 year which can be extended up to 2 years. The salary structure as stated in the IDBI Executive official notification is detailed in the table below.

    Year Pay
    Consolidated Remuneration in the first year Rs.29,000/- per month
    Consolidated Remuneration in the second year Rs.31,000/- per month
    Consolidated Remuneration in the third year Rs.34,000/- per month

    IDBI Executive salary of the first three years will be basically, fixed. There will not be Dearness allowance, HRA, and grade pay provided to the candidates. IDBI executive is also not eligible for any gratuity and provident fund benefits.

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    IDBI Executive Contractual Period

    • The selection of the candidates in IDBI Bank as an executive is done on a contractual basis in nature.
    • Initially, the contract is fixed for a period of one year.
    • If the candidate’s performance is satisfactory for the first year, then the current contract may be reviewed for two more years on a yearly basis.
    • Your performance will be reviewed at the end of every year. This clearly means that your performance solely determines your stay in the bank.
    • On completion of 3 years of the period of the contract, the performance of the executive will be evaluated again and he/she may get promoted to the post of Assistant Manager merely on the basis of satisfactory performance.
    • This promotion will be done usually, on the basis of an internal exam or any other manner of the selection process in IDBI Bank.
    • The candidate’s performance in the last 3 years and his/her Performance Appraisal Report play a major role in his/her promotion as an Assistant Manager.

    IDBI Executive Salary 2021: Job Profile

    Those Candidates who will be selected for the IDBI Bank executive post will be offered any one of the two job profiles mentioned below.

    1. Customer service Executive (CSE) – A customer service executive is mainly responsible for handling the front desk. Customer Service Executive deals with operations such as cheque clearance, any change in contact/address details updation, clearing of bank suspense accounts, etc. CSE  also has to assist the bank Assistant Manager.
    2. Teller service Executive (TSE) – A teller service executive has the same job responsibilities as a Bank Cashier. He/she is responsible for managing the teller counter.

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    IDBI Executive Salary: Career Growth

    Initially, for all the aspirants who will be selected for the IDBI Bank executive recruitment 2021, their contract will be for a period of 1 year. Later on, if the performance of the candidates is deemed satisfactory, the contract will be extended for 2 more years. And, on completion of a 3-year contract, the evaluation on the candidates’ performance will again be looked into and they may be eligible for the promotion for the post of Assistant Manager on the basis of the internal exam and any other selection process in the IDBI Bank.

    We hope this article on IDBI Executive Salary 2021 was beneficial to our readers. You can also check out our other IDBI Executive articles from the following links.

    IDBI Executive Syllabus and Exam Pattern 2021, IDBI Executive Study Plan 2021, IDBI Executive Study Materials 2021

    Download the Entri App and get hold of a multitude of educational goodies, which will help you crack the exams like a pro and land you to your dream job. Happy day peeps!

     

    IDBI Executive Exam Information Links
    IDBI Executive Notification IDBI Executive Selection Process
    IDBI Executive Syllabus IDBI Executive Mock Test
    IDBI Executive Exam Date IDBI Executive Video Course
    IDBI Executive Application Form IDBI Executive Study Materials
    IDBI Executive Vacancy IDBI Executive Interview Questions
    IDBI Executive Admit Card IDBI Executive Job Profile
    IDBI Executive Study Plan IDBI Executive Preparation Tips and Tricks
    IDBI Executive Previous Question Papers IDBI Executive Result
    IDBI Executive Best Books IDBI Executive Cutoff
    IDBI Executive Eligibility Criteria IDBI Executive Exam Analysis
    IDBI Executive Answer Key

     

    Share62SendShare

    Faheema Shereef

    Faheema is an avid reader who indulges in mystery and romance books. She loves inspiring people and at the same time gets inspired by them. An ardent poetry lover, she loves pouring words that connect her soul to the world. Writing blogs and articles is one of the muses of her creative forces.

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