SIDBI Grade A Salary - SIDBI is one of the most desired jobs due to its attractive salary structure for SIDBI Grade A. It is among the remunerative Banking sector jobs in India. Besides holding a reputed position in SIDBI, Grade A officers are entitled to various perks and benefits apart from the basic salary.
Applicants must be curious about the latest in-hand SIDBI Grade A Salary 2022. It offers a handsome salary to its Grade A employees with other perks as various allowances and 4 advance increments.
The official advertisement for SIDBI Grade A exam 2022 has been revealed along with the salary structure of the Grade A Managers. Thus, it is extremely essential to be well-acquainted with the job profile before preparing for the exam.
To help you with the insight of this profile, we have discussed SIDBI Grade A basic pay, salary structure, perks and allowances, salary slips, SIDBI Grade A job profile, etc.
The person working as a SIDBI Assistant Manager earns a higher salary as compared to a private bank manager along with allowances as well. If you are aiming for SIDBI Grade A this year, then head on to navigate through the highlights of the SIDBI Salary 2022.
Let us now give you complete details for the SIDBI Grade A Salary 2022 here, including the basic pay, salary components, in-hand salary, and perks of this reputed job.
As per the official notification of SIDBI, the total compensation per annum for SIDBI Grade A would be a minimum of 4.92 Lakhs and a maximum of 8.40 Lakhs depending on the place of posting and other factors.
Some of the major perks offered by SIDBI Grade A have been listed in the table below. Check the complete SIDBI Assistant Manager salary structure.
SIDBI Assistant Manager Grade A Basic Pay 2022 | ₹ 70,000/- approx (with 4 advance increments) (in a scale of 28150 - 1550 (4) - 34350 - 1750 (7) – 46600 -EB - 1750 (4) – 53600 - 2000 (1) - 55600 (17 years)) |
Dearness Allowance | This is revised every quarter and is calculated based on CPI (Consumer Price Index). Currently, DA is 46.9% of the basic pay. |
City Compensatory Allowance (CCA) | This varies with the place of posting at 4% or 3%. |
Leased House Accommodation | SIDBI may take a house on lease, the amount of which varies with posting between a minimum of. ₹ 8000/- (in rural areas) and a maximum of ₹ 29500/- (in Mumbai). |
Furniture Allowance | ₹ 120000/- for the purchase of furniture |
Medical Insurance | 100% medical coverage for SBI employees and 75% for their family members |
Travelling Allowance | For official travels, reimbursement of AC 2-tier fare is provided |
Petrol | 50 Lts (For 2 wheelers) Or 55 Lts (For 4 Wheeler) Or Approx. ₹ 1100-1250 if you don't have 2/4 wheelers (conveyance allowance). |
The in-hand salary of the SIDBI Assistant Manager after making all the certain deductions gets 70,000/- (approx). This amount may differ from the place of posting of the employee. As an employee posted in the cities like Mumbai, Delhi, Kolkata gets comparatively a bit more amount. If you have any doubts regarding the exam, read the SIDBI Grade A Exam FAQs, and find all the answers. We have also attached the SIDBI Grade A Salary slip to make you understand easily.
Let us know about the role of the SIDBI Grade A officer 2022 employees:
The job profile of the SIDBI Assistant Manager is highly versatile and may demand the officer to engage in clerical work according to the needs. All this should be taken in good spirits and must be seen as a great way to learn new things.
Eventually, when you will have to take up a managerial profile, you can’t expect to pull it off properly unless you have a clear understanding of how things are done at the root level. So, think of it as the first step of the ladder which is essential to get to the next level.
SIDBI Grade A offers immense growth opportunities. The promotion cycle in SIDBI is pretty fast and one can even reach up to the level of chairman of the group if you are sincere and dedicated towards your work.
Promotions in SIDBI Grade A follow the undermentioned path -
| Designation Name | Pay Scale |
| Grade A Officer | 28150 – 1550(4) – 34350 – 1750(7) – 46600 -EB – 1750(4) – 53600 – 2000(1) – 55600 (17 years) |
| Grade B Officer | 35150 – 1750(9) – 50900 – EB – 1750(2) – 54400 – 2000(4) – 62400 (16 years) |
| Private Secretary in Grade B | 35150 – 1750(9) – 50900 – EB – 1750(2) -54400 – 2000(4) – 62400 – EB 1200(1) – 63600 -2150(4) – 72200 (21 years) |
| Grade C Officer | 49000 – 1750(3) – 54250 – 1900(2) – 58050 -2000(4) – 66050 – EB – 2000(2) – 70050 – 2150(1) – 72200 (13 years) |
| Grade D Officer | 68500 – 2150(2) – 72800 – 2250(6) – 86300(9 years) |
| Grade E Officer | 72800 – 2250(1) – 75050 – 2400(2) – 79850 – 2500(3) – 87350-3000(5) – 102350 (12 years) |
| Grade F Officer | 101900 – 3000(4) – 113900 (5 years) |
| Executive Director | 120500 – 3500(2) – 127500 (3 years) |
There are numerous reasons to join this reputed organization. SIDBI in itself is a huge brand and to be part of such an esteemed organization speaks volumes. So, start your SIDBI Grade A Preparation now!
As the post of SIDBI Grade A is higher on the organizational tree, SIDBI Grade A salary is also higher than the other SIDBI PO post.
The SIDBI basic pay of a Grade A officer as disclosed by SIDBI is 70,000/- (with 4 advance increments). The salary and its basic components may vary, as it depends on cities and their expenditure.
A SIDBI Grade A officer other than gets the following perks and benefits other than SIDBI salary-
As every job SIDBI Grade A also has a probation period of 2 years which can be extended upto 4 years ( depends completely on candidate’s performance)
Yes, the in-hand SIDBI salary varies with job location for SIDBI Grade A because the expenditure differs in metropolitan cities and non-metropolitan cities.
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