SIDBI Assistant Manager Salary 2024, Job Profile, Pay Scale

SIDBI Grade A Salary 2024

SIDBI Assistant Manager job is considered to be a very lucrative opportunity for all banking aspirants. This prestigious position offers tremendous growth and attractive benefits, making it a sought-after job for many individuals in the banking industry As an Assistant Manager of SIDBI one will be among the Class A staff, showing a number of responsibilities and powers associated with the role the

SIDBI Assistant Manager job stands as a good opportunity for individuals who want to build a successful career in the banking industry. It creates a challenging yet rewarding work environment and opens the doors to many potential growth opportunities. With a high Class-A status, the position does have the potential to create a promising future for banking aspirants.

 The starting salary for an SIDBI Grade A Officer is Rs. 44500/-. The salary structure for Grade "A" officers is Rs. 44500 - 2500(4) - 54500 - 2850(7) – 74450 -EB - 2850(4) – 85850 - 3300(1) - 89150 (17 years). This means that the initial basic pay for a Grade A Officer is Rs. 44500/-. After 4 annual increments of Rs. 2500, it will increase to Rs. 54500/- (after the 5th year), and ultimately reach Rs. 89150 after 17 years. The take-home salary for an SIDBI Assistant Manager amounts to around Rs. 90,000/- per month, which includes various benefits and allowances.

 For further details on the SIDBI Assistant Manager salary have a look at the table below.

SIDBI Grade A Perks & Allowances

Besides the SIDBI Assistant Manager pay scale as mentioned above, you will be eligible for other facilities. Some of the perks and allowances that you will receive are mentioned below.

• Dearness Allowance
• Grade Allowance
• Special Allowance
• Local Compensatory Allowance
• Gratuity
• Leave fare concession
• Medical expenses reimbursement
• Telephone expenses
• Newspaper
• Internet allowance
• Loans and Advances at concessional rates
• Education Expenses
• Vehicle maintenance expenses
• Book Grant Allowance
• Furniture Allowance

You will also be covered under the New Pension Scheme.

SIDBI Grade A Job Profile 

As Assistant Manager of SIDBI, your job revolves around supporting the Small Industries Development Bank of India (SIDBI) in various projects. You will be responsible for helping manage day-to-day operations, helping small businesses gain financial strength, and reviewing loan applications. Your role may involve assessing the financial viability of projects, analyzing market trends, and working closely with clients to understand their needs. In addition, they will work collaboratively with other team members to develop strategies to enhance productivity and financial performance. Effective communication skills are essential as you will interact regularly with customers, colleagues and stakeholders. Overall, as Assistant Director of SIDBI, you will play a key role in the growth and success of small businesses in India.

SIDBI Grade A Promotional Structure 

As a SIDBI Assistant Manager your career path generally involves progression through qualifications and experience. You can progress through roles such as vice president, president, manager, and eventually chief executive based on your performance, skills and time management. Developmental opportunities are often associated with demonstrating leadership abilities, achieving goals, and contributing to organizational goals. Continuing education and professional development are encouraged to enhance your ability and readiness for higher level responsibilities. Overall, the development process provides a clear path for growth and recognition within SIDBI. 

SIDBI Grade A Probation Period

Starting your career as a SIDBI Grade A Officer means a probationary period of 2 years, extendable to 4. During this time you will learn and grow in your banking role. You may also be asked to work in SIDBIy offices if needed. Think of it as a journey where you gain valuable experience. You have to be flexible and open to change, like an explorer. This testing period is your opportunity to build a strong career in banking and make a positive impact at SIDBI.