This article talks about the salary details of SIDBI Grade A in 2024. If you are interested, you can read about the in-hand salary, job profile, and allowances.
SIDBI Grade A Salary 2024
The salary for the SIDBI Grade A Assistant Manager position in 2024 will be good for people who want to work at the Small Industries and Development Bank of India. Candidates are chosen as Grade A (Assistant Manager) after going through a selection process that is the same for everyone. The salary for the SIDBI Grade A Assistant Manager position has recently been changed with a new notification. It’s important to look at the salary structure, pay scale, and job description for the SIDBI Grade A position. SIDBI offers a decent salary with benefits. Candidates should read the article below to understand the different job positions at SIDBI, the salary, perks, allowances, and more. Keep reading to learn more about the revised SIDBI Salary in 2024.
SIDBI Grade A Salary Structure 2024
Here is the salary information for the SIDBI Assistant Manager position. The starting salary is Rs. 44,500/-. If you are interested in working at SIDBI Bank, you should take a look at the SIDBI Grade A Salary Structure 2024. It includes details about the basic pay, pay scale, raises, and other parts of the salary.
| SIDBI Grade A Salary Structure 2024 | |
| Basic Pay | Rs. 44500/- |
| Pay Scale | Rs. 44500 – 2500(4) – 54500 – 2850(7) – 74450 -EB – 2850(4) – 85850 – 3300(1) – 89150 (17 years) |
| Increment | 4 stagnation increments |
| Grade Allowance | Rs. 6250/- |
| Dearness Allowance | Rs. 23196.32/- |
| Local Allowance | Rs. 4005/- |
| House Rent Allowance | 10% of pay |
| Special Perquisite Allowance | Rs. 7,383/- |
| Learning Allowance | Rs. 600/- |
| Deduction | Rs. 18,112/- |
| Net Salary | Rs. 90,000/- |
SIDBI Grade A Salary After 4 Years
The starting salary for the SIDBI Assistant Manager position is Rs. 44500. After 17 years, the basic pay will be Rs. 89150. In addition to the basic salary, there are other increments and benefits. The final salary for the SIDBI Grade A Assistant Manager is Rs. 90,000 at the beginning. You can find more details about the salary increments in the table below.
| Duration | Basic Pay | Grade Pay |
| First 4 Years | Rs. 44500/- | Rs. 2500/- |
| Next 7 years | Rs. 54500/- | Rs. 2850/- |
| Next 4 Years | Rs. 74450/- | Rs. 2850/- |
| Next 1 Year | Rs. 85850/- | Rs. 3300/- |
| Next 17 Years | Rs. 89150/- |
SIDBI Grade A Salary 2024 Perks and Allowances
In addition to the regular pay, the salary of SIDBI Grade A will also include other extra payments, like allowances, in their salary structure.
- Dearness Allowance
- House Rent Allowance
- Traveling Allowance
- Children Education Allowance
- Medical Facilities
- Refreshment Allowance
- Leave Travel Allowance
- Subsistence Allowance
- TA on Retiring
- TA on Transfer
SIDBI Grade A Salary 2024 Job Profile
Once someone is chosen to be a SIDBI Grade A, they have to do certain tasks. There are different things that a SIDBI Grade A has to do. Basically, a SIDBI Grade A works in the revenue department of the state. We have talked about the job description of a SIDBI Grade A below.
- Maintaining land records
- maintaining the records of sharecroppers and other land transfers conducted between various parties.
- No purchase or sale of land can take place without the presence of the Patwari
- Looking after the concerns of the villagers
- Assisting senior officers in various duties
- Implementing government schemes
SIDBI Grade A Salary 2024 Career Growth
The Grade A Officer (Assistant Manager) is the starting position at SIDBI. Assistant Managers can move up to higher positions based on their experience and how well they do their job. Here is a chart showing the different levels of promotion.
| Designation Name | Pay Scale |
| Grade A Officer | 44500 – 2500(4) – 54500 – 2850(7) – 74450 -EB – 2850(4) – 85850 – 3300(1) – 89150 (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) |
FAQ – Frequently Asked Questions
Q1. What is the basic pay for SIDBI Grade A 2024?
The starting salary for SIDBI Grade A 2024 is Rs. 44500/-.
Q2. What are the basic allowances as part of SIDBI Grade A salary 2024?
The main parts of the SIDBI Grade A salary are extra money for living expenses, money for housing, and money for travel.
Q3. How many times does the SIDBI Grade A Exam take place?
The SIDBI Grade A Exam happens every year.
Q4. Are there any growth opportunities for SIDBI Grade A?
Yes, there are chances to grow and the article talks about some of them.