IDBI Assistant Manager Salary 2021 – Job Profile, Stipend, Career Growth, Promotion

IDBI Assistant Manager Salary 2021 – Job Profile, Stipend, Career Growth, Promotion

ByKanika Ralhan  |  Updated on: Aug 11, 2021Read IDBI Assistant Manager exam 2021 official details here.
Read IDBI Assistant Manager exam 2021 official details here.
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IDBI Bank Assistant Manager Salary 2021

IDBI Assistant Manager Salary 2021: Salary and job profile remain in the focal point as soon as a notification is released. As IDBI has released the notification for Assistant Manager Grade - A post, interested and eligible students must be searching for the IDBI Assistant Manager salary structure, in-hand salary, job profile, and career growth aspects.

So here in this post, you will get all such information related to the salary and job profile of IDBI Assistant Manager Grade - A. Before starting preparation students must know this important aspect of the notification advertisement.

IDBI Assistant Manager Grade A Stipend (Training Period)

The recruitment of IDBI Assistant Manager Grade A through the one-year PGDBF program is divided into two parts:

1.Nine months of classroom instruction.
2.Three months of on-the-job training (internship at a bank branch).

Stipend During Training

  • Candidates are entitled to receive INR 2,500 per month during nine months of classroom training.
  • After completing their classroom training, they will be required to join an internship or on-the-job training, which will last for three months. They will be paid ₹ 10,000/- each month for the internship.

IDBI Assistant Manager Grade A Salary Structure

  • When a student successfully completes the course and joins the banks as an Assistant Manager, his/her basic pay will be ₹ 36,000/- per month in the pay scale of 36000-1490(7)-46430-1740 (2) –49910–1990(7)–63840.
  • Pay scales, allowances, reimbursements, perquisites, and other terms in effect at the time of joining, as well as those that may be altered from time to time.
  • The total gross salary will be somewhere around ₹ 60,000 per month.

IDBI Assistant Manager Salary Allowances

1. Accommodation Allowance: This facility is available in place of HRA. Banks also provide the Official Accommodation/Bank Quarter as a leased accommodation.

2. Medical Aid: A fixed annual amount is paid by most of the banks to meet the medical expenses.

3. Travelling Allowance: Bank provides a fixed Traveling Allowance.

4. Newspaper Reimbursement: A fixed amount is paid towards the cost of one newspaper on a monthly basis.

IDBI Bank Assistant Manager Job Profile

  1. Multitasker: Assistant Manager work includes all managerial tasks, such as supervision of clerical work, making decisions for the benefit of the bank, managing cash balance, etc.
  2. Customer services: Most important work of any officer in the bank is to handle customers and provide a solution to their queries. It can be related to any banking service like document requirement, account statement, issuing checkbooks, ATM cards, and opening new accounts, etc.
  3. Handling clerical jobs: All the clerical work is done under the supervision of the Assistant Manager. They also manage all types of deposits and withdrawal of cash. 
  4. Creating Business– Includes activities like promoting banking products, New Account opening, selling Insurance, etc. Promoting various products and services of the bank and its partners such as fixed deposits, mutual funds, insurance policies, etc.
  5. ATM Related Solutions–Queries like LOST ATM Application, block ATM card online, New ATM request, ATM pin no. the request and other similar issues are also sometimes resolved by the Assistant Manager.
  6. Branch-specific roles: The role of an Assistant Manager totally depends on the scale of the branch operations. In a small branch, the Assistant Manager has to deal with the various range of tasks like cash, operations, sales, etc whereas in bigger branches they have different specific roles.
  7. Financial Tasks: The major tasks include disbursing loans, interacting with customers to know their credit requirements, recovery of loans from defaulters, and submitting reports to higher officials on the progress made.
  8. One-stop Solution: An Assistant Manager is considered the face of the branch. He/she is the one-stop solution to all the queries of junior employees and customers. The job gives him/her ample opportunities to play a meaningful and prestigious role in society.

IDBI Assistant Manager Career Growth

The Assistant Manager post is of a Grade A rank. After this, the person is eligible for promotion to various other senior management posts in the bank like

  • IDBI Assistant Manager (Grade A)
  • Manager (Grade B)
  • Assistant General Manager (Grade C)
  • Assistant General Manager (Grade D)
  • Deputy General Manager (Grade D)
  • General Manager (Grade E)
  • Chief General Manager (Grade F)
  • Executive Director.

Depending on track record and sufficient experience in the bank, one will be eligible for the prestigious Executive Director position before retirement.

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Kanika RalhanKanika RalhanMember since Jan 2018
Program Manager- Banking & Insurance exams
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  • The gross salary of the IDBI Assistant Manager will be around ₹ 60,000 per month.

  • The stipend during the 9 month training period of the IDBI Assistant Manager is ₹ 2500.

  • The duration of the internship of IDBI Assistant Manager is 3 months.

  • Kindly go through the post. We have mentioned all the details regarding the career growth aspects of the IDBI assistant manager.

  • The stipend during the 3-month internship of the IDBI assistant manager is ₹ 10000 per month.

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