The IDBI Executive Salary 2024 is given by IDBI in their official notification. You can find information about the salary structure, job responsibilities, pay scale, probation period, career growth, and promotion details for IDBI Executive.
IDBI Executive Salary 2024
The Industrial Development Bank of India is offering a good salary to people who want to work as executives in the bank. The salary starts at Rs. 29,000 per month and there are opportunities for promotion based on performance. This article has more information about the salary, benefits, and job responsibilities of IDBI executives.
IDBI Executive Salary- Overview
Below, you will find the complete information about the IDBI Salary structure, including the benefits and extra advantages. Take a look at the IDBI Executive Salary summary here.
| IDBI Executive Salary Overview | |
| Organization | Industrial Development Bank of India |
| Post Name | Executive |
| Vacancy | 1300 |
| IDBI Executive Salary In Hand | Rs. 29,000/- (In the first Sem) |
| IDBI Executive Salary Allowances | DA, Medical, Accommodation, etc. |
| IDBI Official Website | www.idbibank.in |
IDBI Executive Salary Structure
According to the IDBI Executive Recruitment 2024, after working for 3 years on a contract, those employees will have the opportunity to become Assistant Managers in the Bank. The Bank will conduct a selection process for this. The Executive will receive a fixed amount of money as their salary.
| IDBI Executive Salary Structure | |
| Consolidated Remuneration | Rs.29,000/- per month in the first year |
| Rs.31,000/- per month in the second year | |
| Rs.34,000/- per month in the third year of service. | |
IDBI Executive Salary In Hand 2024
Candidates who are appointed as executives will receive a salary of Rs. 29,000/- in their first year. This salary will increase in the second and third years. After three years, they may be promoted to a permanent position and their salary will increase even more. The IDBI Executive salary includes basic pay, allowances, and grade pay. The specific benefits and allowances provided by IDBI are listed below.
IDBI Executive Perks and Benefits 2024
In addition to their salary, the candidates will receive extra benefits and perks from IDBI, such as DA, HRA, and more.
| IDBI Executive Perks and Benefits 2024 | |
| Dearness Allowance (DA) | Based on the Consumer Price Index (CPI) which is refurbished every quarter. The DA is around 46% of the basic salary but can either increase or decrease depending on the inflation rate. |
| Accommodation Allowance | This office is accessible instead of HRA. IDBI will give the official convenience as a rented convenience. |
| Medical Aid | IDBI pays a fixed yearly add-up to meet clinical costs. |
| Traveling Allowance | IDBI provides a fixed traveling allowance. |
| Newspaper Reimbursement | The bank pays a fixed sum towards the expense of one paper consistently. |
IDBI Executive Contractual Period
The person who is hired for the Executive position will have a contract for one year. After that, their contract will be reviewed each year based on how well they do their job. They also need to complete certain e-certifications and there needs to be a job opening available. If they do a good job for three years, they can then apply to become an Assistant Manager through a selection process with the IDBI Bank.
IDBI Executive Career Growth And Promotion
IDBI Executive jobs offer many opportunities for growth and advancement. Candidates should make sure to look into all the promotions they can receive at IDBI.
Here are different job positions at IDBI Bank, listed from lowest to highest:
1. Assistant Manager (Grade A)
2. Manager (Grade B)
3. Assistant General Manager (Grade C)
4. Deputy General Manager (Grade D)
5. General Manager (Grade E)
6. Chief General Manager (Grade F)
7. Executive Director
Check the IDBI Executive Cut Off by clicking on the link provided.
FAQ – Frequently Asked Questions
Q1. What is basic pay for IDBI Executive?
The initial salary for IDBI executives is Rs. 29,000/-.
Q2. What is the period for IDBI Executive on a contractual basis?
The time for working as an IDBI Executive on a contract is 3 years.