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

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

ByAkash Mishra  |  Updated on: Aug 10, 2021IDBI Executive Recruitment 2021 exam is a single-stage exam conducted by Industrial Development Bank of India (IDBI). Candidates with a graduate degree can apply for the exam here. You can go through the other details such as IDBI Executive exam dates, the number of vacancies, eligibility criteria, selection procedure, exam pattern, syllabus, cut off, etc.
IDBI Executive Recruitment 2021 exam is a single-stage exam conducted by Industrial Development Bank of India (IDBI). Candidates with a graduate degree can apply for the exam here. You can go through the other details such as IDBI Executive exam dates, the number of vacancies, eligibility criteria, selection procedure, exam pattern, syllabus, cut off, etc.
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Get detailed information on IDBI Executive 2022 salary below. The IDBI Executive will be paid a handsome salary which will be fixed for a period of time. Usually the IBDI 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. 

IDBI Executive Salary 2022

IDBI Executive Salary and Job Profile 2022: The salary structure of the IDBI executive is one of the most attractive features of recruitment. 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. So let's go through the post now.

IDBI Executive Salary Structure 2022

The salary structure is given as follows. It is different for each of the three years in the contractual period.

  • 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

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

  • The selection of the 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 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 2022 Career Growth

  • 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 Salary FAQs

  • The IDBI Executive salary will be different in different years. Kindly go through the post to know the complete details.

  • 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.

  • 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.

  • In third year the  IDBI Executive salary will be Rs. 34,000.

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