IDBI Executive Salary 2022 -Job Profile, Work Responsibility, Promotion

IDBI Executive Salary 2022 -Job Profile, Work Responsibility, Promotion

ByAkash Mishra  |  Updated on: Jun 2, 2022
The candidates must be well aware of the IDBI Executive salary structure to have an elucidated view of the job. Below we have discussed salary structure, job profile, and career growth.
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The Industrial Development Bank of India offers a lucrative IDBI Executive salary 2022 to the candidates pursuing 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 towards accomplishing the desired job. The IDBI Executive salary is one of the fascinating factors and always surges the curiosity of the candidates.

They will be paid a handsome salary which will be fixed for a period of time. Usually, the IDBI Executive salary contract 2022 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. Check the IDBI Executive 2022 salary details below, and year-wise consolidated remuneration. 

The IDBI Executive job profile 2022 brings forth detailed knowledge of the associated roles and responsibilities associated with the job. You can examine and analyze rightly whether you are an impeccable fit for the job or not. Also, track the career growth of the IDBI Executives and kickstart your preparations effectively. The IDBI Executive job profile is highly reputed and esteemed and henceforth, it poses immense competition.

We have furnished the complete details of the IDBI Executive salary 2022 and the pertinent centering on it. Read the entire post to be wholly cognizant of all the factors determining and influencing the work profile and growth.

IDBI Executive Salary 2022

The IDBI Executive salary 2022 is a major attraction for candidates who are looking forward to a career in the reputed bank. The salary witnesses a surge in each passing year, you can get the complete details of the salary structure by navigating through the post as mentioned herewith. The Executives are not entitled to any allowances due to the contractual nature of the job profile. IDBI officials decide the executive salary and follow the pay commission structure. 

Here we have shared the complete details to give you a comprehensive idea about the job responsibilities, contractual period, salary structure and career growth of a person after being selected in the IDBI Bank as an executive. Get the complete details of the IDBI Executive salary in the first and in subsequent years. So let's go through the post now.

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/.

1. Since this post is contractual in nature, an executive is not eligible to draw any allowances such as Dearness Allowance, House Rent Allowance, etc.

2. Also, an executive will not get any superannuation and Terminal Benefits for the entire period of 3 years.

3. IDBI executive is not eligible for any gratuity and provident fund benefits.

IDBI Executive Job Profile 2022

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 centering on it. After selection as an executive, a candidate can be offered any one of the two job profiles-

1) 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, clearing of bank suspense accounts at the end of the day. A CSE also has sale targets. This job profile also includes the work of assisting the Assistant Manager.

2)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 2022 you must be well aware of the contractual basis of the job to get complete knowledge of the job profile. You must fill 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

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.

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IDBI Executive Salary FAQs

  • The candidates must be conversant with the IDBI Executive salary 2022 to be able to examine the work profile and have realistic expectations. The salary structure gets surged every subsequent year, and it provides them with an enlightened career path. 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. 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.

  • In the second year the IDBI Executive salary will be Rs. 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. You must be well versed with the details of the elucidated details of the salary structure and other pertinents centering on it. In third year the  IDBI Executive salary will be Rs. 34,000.

  • The IDBI Executive salary gets increased each year. The candidates are often curious about their salary and career growth. 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. 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/.

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

    You can seek the job as a Customer Service Executive and hold the responsibility of handling the front desk.  Another job profile is of Teller Service Executive, you will be required to handle the teller counter. 

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