IDBI Executive Salary 2023 - Pay Scale, Job Profile, IDBI Executive Salary After 3 Years

IDBI Executive Salary 2023 - Pay Scale, Job Profile, IDBI Executive Salary After 3 Years

ByAkash Mishra  |  Updated on: May 26, 2023
IDBI Executive salary in hand is ₹ 29,000/- per month. Check here the IDBI Executive salary slip, salary after 3 years, perks, job profile, career growth, and promotion.

IDBI Executive Salary 2023: The Industrial Development Bank of India offers a lucrative IDBI Executive salary 2023 to the candidates working as Executives in the firm. The accurate and apt knowledge of the IDBI Executive salary structure will assist the candidates in having an impeccable view of the job profile. This will also fuel the motivation of the candidates and lead them toward accomplishing the desired job. The IDBI Executive salary is one of the fascinating factors and always surges the curiosity of the candidates.

Candidates must check the IDBI Executive salary details below and year-wise consolidated remuneration. The IDBI Executive job profile brings forth detailed knowledge of the associated roles and responsibilities associated with the job. Candidates can examine and analyze rightly whether you are an impeccable fit for the job or not. Also, track the career growth along with the IDBI Executive salary and kickstart your preparations effectively.

IDBI Executive Salary 2023

The IDBI Executive salary 2023 is a major attraction for candidates who are looking forward to a career in the reputed bank. The IDBI Executives are not entitled to any allowances due to the contractual nature of the job profile. IDBI officials decide the IDBI executive salary and follow the pay commission structure. Know the complete details of the IDBI Executive salary in the first and in subsequent years.

IDBI Executives will be paid a handsome salary which will be fixed for a period of time. Usually, the IDBI Executive salary contract 2023 will be for a period of 1 year, and it will be revised on an annual basis for a period of 2 years subject to the performance of the candidate. Here we have shared the complete details to give you a comprehensive idea about the job responsibilities, salary structure, and career growth of a person after being selected as an IDBI Bank Executive

IDBI Executive Salary Structure

The IDBI Executive salary structure is given as follows. It is different for each of the three years in the contractual period. Take insights into the lucrative opportunity and handsome salary package offered by the IDBI to the candidates recruited as Executives.

  • First year - For the first year, an executive will be eligible to get ₹ 29,000/- per month.
  • Second Year - In the second year of his/her job as an executive, a person will get ₹ 31,000/- every month.
  • Third Year - In the last year of the contractual period, an executive will be eligible for a monthly payment of ₹ 34,000/.

Since this post is contractual in nature, an executive is not eligible to draw any allowances such as Dearness Allowance, House Rent Allowance, etc. Also, an executive will not get any superannuation and Terminal Benefits for the entire period of 3 years. An IDBI Executive is not eligible for any gratuity and provident fund benefits.

IDBI Executive Salary In Hand

The IDBI Executive Salary in hand for the first year is ₹ 29,000/-. This includes basic pay, allowances, and grade pay. However, the specific breakdown of the salary components such as basic pay, allowances, and grade pay is not mentioned in the given information.

In the 2nd and 3rd years, the IDBI Executive Salary will increase, but the exact amount of the increase is not specified. It is mentioned that the promotion to a permanent level and salary increase will be based on the candidate's performance after 3 years.

IDBI Executive Job Profile 2023

It is essential for the candidates to be well aware of the IDBI Executive job profile, you can get cognizance of the upcoming roles and responsibilities. This will lead you to enhance and upgrade the skills required to pursue the tasks effectively and efficiently.

Examine whether you are a perfect fit for the job or not by taking a look at the illustrated IDBI Executive job profile and the details centred on it. After selection as an executive, a candidate can be offered any one of the two job profiles-

  • Customer Service Executive (CSE) - A customer service executive is responsible for handling the front desk. A CSE has to deal with operations such as cheque clearance, any change in contact/address details updation, and clearing of bank suspense accounts at the end of the day. A CSE also has sales targets. This job profile also includes the work of assisting the Assistant Manager.
  • Teller service Executive (TSE) - A teller service executive has the job responsibilities same as a Bank Cashier. He/she is responsible for handling the teller counter.

IDBI Executive Contractual Period

Along with the IDBI Executive salary 2023, you must be well aware of the contractual basis of the job to get complete knowledge of the job profile. You must fill out the application form and kickstart your preparations after getting detailed cognizance of the job profile and tracking the career path.

  • The selection of candidates in IDBI Bank as an executive is contractual in nature.
  • Initially, the contract will be for a period of one year.
  • If your performance is satisfactory for the first year, then this contract may be reviewed for two more years on a year-to-year basis.
  • Your performance will be reviewed after every year. This clearly means that your stay in the bank will solely depend on your performance.
  • On completion of 3 years of the contractual period, the performance of the executive will be evaluated again and he/she may get the post of Assistant Manager on the basis of satisfactory performance.
  • This promotion will be done on the basis of an internal exam or any other mode of the selection process in IDBI Bank.
  • Your performance in the last 3 years and your Performance Appraisal Report play a key role in your promotion as an Assistant Manager.

IDBI Executive Career Growth & Promotion

The IDBI presents a multitude of opportunities for candidates to enhance and uplevel their career paths and also offers a handsome IDBI Executive salary structure. The candidates are often confused and apprehensive about their career growth. Get in touch with complete cognizance of the IDBI career growth and the details of it.

  • Your performance will be reviewed after every year. This clearly means that your stay in the bank will solely depend on your performance.
  • Following the completion of the three-year contractual period, the executive's performance will be examined again, and if satisfactory, he or she may be promoted to Assistant Manager.
  • This promotion will be based on an internal exam or any other means of IDBI Bank's selection process.
  • Your performance in the last 3 years and your Performance Appraisal Report play a key role in your promotion as an Assistant Manager.

FAQs on IDBI Executive Salary

  • The IDBI Executive salary for the first year is ₹ 29,000/- per month. The salary for the second year is ₹ 31,000/- every month. The increased salary for the third year is ₹ 34,000/. The IDBI Executives are not entitled to emoluments and allowances because of the contractual nature of the job profile.

  • There is a 1 year contractual period for IDBI Executive. With satisfactory performance, it may be extended for further 2 years and each year the salary of IDBI Executive increases.

  • The IDBI bank presents a multitude of career growth opportunities to the Executive.  You must be well aware of the elucidated details of the IDBI career growth to acknowledge the track of promotion and growth. After the completion of the three-year contractual period, the executive's performance will be examined again, and if satisfactory, he or she may be promoted to Assistant Manager.

  • In the second year, the IDBI Executive salary will be ₹ 31,000 per month. You must be wholly cognizant of the IDBI Executive salary structure to examine the work profile and have realistic expectations.

  • The IDBI Executive salary increases in the subsequent years of their recruitment. Candidates must be well versed with the details of the elucidated details of the salary structure and other pertinent centring on it. In the third year, the  IDBI Executive salary will be ₹ 34,000.

  • The IDBI Executive salary gets increased each year. The work of the Executives is evaluated at the end of each year, the contractual period can be extended to 2 years and thus the salary will be increased.

  • It is of high essentiality for the candidates to get a detailed knowledge of the IDBI Executive job profile to acknowledge the upcoming roles and responsibilities. You can get detailed knowledge of the IDBI Executive job profile, you can upgrade the levels of the skills required for pursuing the job efficiently. You will be offered one of the two job profiles - Customer Service Executive and Teller Service Executive.

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