The article talks about the salary structure of IDBI Assistant Managers. It provides information about their basic pay, perks, career growth, and other important details.
IDBI Assistant Manager Salary 2024
The IDBI bank is hiring Assistant Managers and there are 500 job openings. People who are interested in applying for these positions may want to know about the salary, training period, internship period, and career growth. Once selected, applicants will have to undergo a 9-month training period and will be paid a stipend of Rs.2,500/- per month. After completing the training and internship, they will be permanently hired. During the training period, they will receive Rs.2,500/- per month as a stipend for classroom training. After completing the classroom training, they will have to do a 3-month internship and will be paid Rs.10,000/- per month. For more information about the IDBI Assistant Manager Salary, please read the article.
IDBI Assistant Manager Salary Structure
The candidates will first be chosen for a 9-month training period where they will receive a monthly payment of Rs. 2,500. After that, they will move on to a 3-month internship period where they will receive a monthly payment of Rs. 10,000. Once they join the bank as IDBI Assistant Manager Grade A, their salary will be in the range of Rs. 36,000 to Rs. 63,840 per month, depending on their years of experience.
| Details | Amount |
| Training Period- 9 months | Rs. 2500/- per month |
| Internship Period- 3 months | Rs. 10,000/- per month |
| Initial Basic Pay (Full Time) | Rs. 36,000/- |
| Max. Basic Pay | Rs. 63840/- |
| Pay Scale | 36000-1490(7)-46430-1740 (2)–49910–1990(7)-63840 (17 years) |
IDBI Assistant Manager Perks and Benefits 2024
In addition to their salary, the candidates will receive extra benefits and perks from IDBI, such as DA and HRA, according to the company’s rules.
| IDBI Assistant Manager 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. |
| Travelling Allowance | IDBI provides a fixed travelling allowance. |
| Newspaper Reimbursement | The bank pays a fixed sum towards the expense of one paper consistently. |
IDBI Assistant Manager Training Period
The candidates will first go through a 9-month training period. Then, they will move on to a 3-month internship program. After a year of training and internship, they will be chosen for the IDBI Assistant Manager Grade ‘A’ position.
IDBI Assistant Manager Growth & Promotion
The IDBI Assistant Manager job offers lots of opportunities for growth and advancement. Candidates should make sure to look into all the promotions they can get at IDBI.
- IDBI Assistant Manager (Grade A)
- Manager (Grade B)
- Assistant General Manager (Grade C)
- Deputy General Manager (Grade D)
- General Manager (Grade E)
- Chief General Manager (Grade F)
- Executive Director
IDBI Assistant Manager Salary 2024- FAQs
Q1. How much money does an IDBI Assistant Manager make as their starting salary? Ans. An IDBI Assistant Manager starts with a basic pay of Rs. 36,000/- Q2. How long is the training period for an IDBI Assistant Manager? Ans. The training period for an IDBI Assistant Manager is 9 months.
FAQ – Frequently Asked Questions
Q1. What is basic pay for IDBI Assistant Manager?
The initial salary for an IDBI Assistant Manager is Rs. 36,000/-.
Q2. What is the training period for IDBI Assistant Manager?
The time it takes to train to become an IDBI Assistant Manager is 9 months.