IDBI Assistant Manager Salary Structure, Job Profile, Career Growth

IDBI Assistant Manager Salary 2024

The IDBI Assistant Manager Notification offers several lucrative opportunities for banking aspirants to scale high in the industry. Once an individual secures a position as an Assistant Manager in Grade 'A' at IDBI Bank, after completing the training period, they commence their professional journey with a monthly basic pay of Rs. 36,000/-. The structured pay scale for IDBI Assistant Managers is delineated as 36000-1490(7)-46430-1740(2)–49910–1990(7)-63840, spanning over 17 years. In addition to the basic pay, employees are entitled to various allowances, reimbursements, and perquisites as per the prevailing norms and policies of the bank.

Throughout the PGDBF course training period, candidates are provided a stipend of Rs. 2,500/- per month for the initial 9 months. Subsequently, during the 3-month internship phase, the stipend is elevated to Rs. 10,000/- per month. Comprehensive details regarding the salary structure for IDBI Assistant Managers are further elaborated upon in the relevant documentation.

Before any banking aspirants try their chances with the recruitment opportunity, they need to be sure they meet the IDBI Assistant Manager Eligibility Criteria before assuming the role. One of those criteria is completing the PGDBF course, as outlined in the notification. The course charges Rs. 3,50,000/- plus GST, which must be paid in installments throughout the one-year program. Throughout the course, individuals receive a fixed stipend. Aspiring candidates can avail of the course fees as an Education Loan, facilitating their financial management during this educational pursuit. This comprehensive approach ensures that potential Assistant Managers are well-informed about the financial aspects of their career progression within IDBI Bank.

IDBI AM Probation Period and Service Bond

Upon joining IDBI Bank, successful candidates for the Assistant Manager Grade 'A' position undergo a probationary period extending for one year from their joining date, with the possibility of extension up to two years at the discretion of the Bank. This probationary term may involve transfers to any location within or outside India. The onboarding process encompasses a meticulously structured one-year probation consisting of a nine-month training phase and a three-month internship period.

Selected candidates are expected to commit to a service bond of three years or pay an amount of 2 Lakh plus applicable GST at the commencement of the course. This ensures a mutual commitment to the professional journey ahead. It is important to note that leaving IDBI Bank before fulfilling the stipulated service bond requires the clearance of any outstanding educational loan. Upon completing the probationary term, the qualified individuals are rewarded with lucrative positions as Assistant Managers Grade 'A,' accompanied by a competitive compensation package. ixamBee offers valuable resources like the IDBI Assistant Manager Free Mock Test to support and enhance your preparation for the IDBI Assistant Manager Exam.

IDBI Assistant Manager Job Profile

As an IDBI Assistant Manager (AM) holding the position of a Scale 1 Officer, individuals undertake a multifaceted role overseeing a dynamic workforce. The responsibilities encompass a diverse range of tasks, requiring adept multitasking skills. Candidates aspiring for this role can gain valuable insights into the intricacies of the position through resources such as the IDBI Assistant Manager Online Course offered by ixamBee. This specialized course provides comprehensive guidance on the specific functions and duties expected of an Assistant Manager, aiding candidates in preparing for the challenges and responsibilities integral to the role.

• As an IDBI Assistant Manager, you will be responsible for the efficient processing of loans, overseeing the entire application process with a focus on accuracy and compliance.
• Your duties will extend to supervising clerical tasks and ensuring administrative operations within the branch are conducted precisely and efficiently.
• A key aspect of your role will involve maintaining and fostering the growth of the branch's business operations strategically managing various aspects to ensure ongoing success.
• Customer interaction will be a pivotal part of your responsibilities, involving engaging with customers, addressing their queries, resolving concerns, and building positive relationships to enhance overall customer satisfaction.
• As an IDBI Assistant Manager, you'll play a crucial part in risk management, ensuring that the loan processing adheres to regulatory guidelines and minimizing potential risks for the bank.
• Additionally, you will be involved in staff development, guiding and mentoring team members to enhance their skills and contribute to the overall efficiency of the branch.
• As part of your responsibilities, you will actively participate in promotional activities, contributing to the visibility and outreach of the branch within the community and supporting the bank's growth initiatives.