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Home Articles

SIDBI Grade A Job Profile 2022

by Juna Mariam Tharakan
April 20, 2022
in Articles, Banking
SIDBI Grade A Job Profile 2022
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Table of Contents

  • SIDBI Grade A 2022: Job Profile
  • SIDBI Grade A 2022: Salary Package
  • SIDBI Grade A 2022: Facilities, Perks and Allowances
  • SIDBI Grade A 2022: Salary Structure
  • SIDBI Grade A 2022: Career-wise Payscale

The Small Industries Development Bank Grade A official notification has been released for candidates to apply from 04 March 2022 to 24 March 2024. Offering an attractive salary package, SIDBI is one of the most aspiring jobs.  With four advance increments, employees earn better salary with attractive package that includes several allowances and perks.

Before beginning preparation for the exam, it is important that candidate’s are aware of the job profile. The Grade A Managers salary structure has been revealed by the SIDBI Grade A exam 2022 official advertisement.

Make learning an easy process with Entri App

SIDBI Grade A 2022: Job Profile

The job profile for the SIDBI Grade A officer 2022 is as follows:

  • Employees who joins the post will have to undergo a 2 year probation period (can be extended up to 4 years). During this period, candidates will be able to gain an understanding on the duties and functioning of banking in relation to their respective profile.
  • The SIDBI Assistant Manager’s basic duties include: (i) Clerical work supervision (ii) Loan processing (iii) Practical knowledge on the functioning of banks and its aspects (iv) Customer services (ranging from opening account to printing passbook) etc.
  • The SIDBI Assistant Managers are given training during probation period in the fields such as: (i) Advances (ii) Retail Banking (Personal) (iii) Rural Banking (Agriculture training) etc.
  • Once the selection is done, the SIDBI Grade A officer meets the Regional Manager of the circle and is sent directly to the allotted branch.
  • Employees are given specialized training during the period of probation.
  • A screening procedure has to be undergone by SIDBI Grade A office after the probation period to qualify to the post of Officer Middle Management Grade Scale – II.

An SIDBI Assistant Manager is expected to conduct all these tasks assigned, hence the position is much demanding and versatile in its role.

SIDBI Grade A 2022: Salary Package

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

2: What is the primary function of a central bank?

3: Which of the following is a type of digital banking service?

4: What is the full form of "NEFT" in banking terms?

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

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    Ready to see how much you know? Take the challenge!

    The SIDBI Grade A Assistant Manager salary package includes the following:

    Particulars Details
    Basic Pay Rs. 28,150/-
    Pay Scale Rs. 28150-1500(4)-34350-1750 (7)-46600-EB-1750(4)-53600-2000(1)-55600(17 years)
    Family Allowance 4% (of pay)
    House Rent Allowance 10% (of pay)
    Local Allowance 5% (of pay)
    Grade Allowance Rs. 6000/-
    Special Compensation Allowance Rs. 625/-
    Special Allowance Rs. 6,500/-
    SIDBI Grade A Special Pay Rs. 2000/-
    Increment 4 stagnation increments
    Net Salary Rs. 70,000/-

    Preparing for banking examinations? Download Entri App

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    SIDBI Grade A 2022: Facilities, Perks and Allowances

    The facilities, perks and allowances for SIDBI Grade A Assistant Managers in addition to their salary is as follows:

    Facilities

    • Housing Loan
    • Vehicle Loan
    • Bank’s accommodation/Leased Flat Facility
    • Reimbursement of vehicle maintenance
    • Reimbursement of medical expenses
    • Leave Fare Concession
    • Gratuity
    • Pension

    Perks and Allowances

    • Allowance for Families
    • Allowance for Education
    • Allowance for Dearness
    • Allowance for House Rent
    • Allowance for Local Residents
    • Allowance for PFA Grade
    • Compensatory City
    • Allowance for Special Compensatory Reasons
    • Exceptional Allowance

    SIDBI Grade A 2022: Salary Structure

    • 28150-1500(4 Increments)-34350
    • 34350-1750(7 Increments)-46600
    • 46600-EB-1750(4 Increment)-53600
    • 53600-2000-55600

    After 17 years of service, the basic salary will be 55600

    • Net Salary-70000/ Rupees approximately

    SIDBI Grade A 2022: Career-wise Payscale

    For each designation under the SIDBI, the payscale is as follows:

    Name of Designation Payscale
    Grade A Officer 28150 – 1550(4) – 34350 – 1750(7) – 46600 -EB – 1750(4) – 53600 – 2000(1) – 55600 (17 years)
    Grade B Officer 35150 – 1750(9) – 50900 – EB – 1750(2) – 54400 – 2000(4) – 62400 (16 years)
    Private Secretary in Grade B 35150 – 1750(9) – 50900 – EB – 1750(2) -54400 – 2000(4) – 62400 – EB 1200(1) – 63600 -2150(4) – 72200 (21 years)
    Grade C Officer 49000 – 1750(3) – 54250 – 1900(2) – 58050 -2000(4) – 66050 – EB – 2000(2) – 70050 – 2150(1) – 72200 (13 years)
    Grade D Officer 68500 – 2150(2) – 72800 – 2250(6) – 86300(9 years)
    Grade E Officer 72800 – 2250(1) – 75050 – 2400(2) – 79850 – 2500(3) – 87350-3000(5) – 102350 (12 years)
    Grade F Officer 101900 – 3000(4) – 113900 (5 years)
    Executive Director 120500 – 3500(2) – 127500 (3 years)

    Learn with Entri App

    The SIDBI Grade A examination is one of the major banking examinations conducted in India. Attended by thousands of students, the examination is competitive and demands thorough preparation and study plans to crack the examination with the best possible score. Entri App is here to guide you through the SIDBI Examination and all other major banking examinations by providing several useful features that set the spotlight on the major study areas extensively. Ace your preparations with Entri App to secure a government job you have been looking for. We wish you the best in your examination!

    Share88SendShare

    Juna Mariam Tharakan

    Content writer by profession and graduate in journalism and literature, who is inquisitive and enthusiastic in exploring the world of words. Writes articles primarily focusing on competitive examinations and weblogs of different genres.

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