The candidates recruited for Assistant Manager under the Small Industries Development Bank of India are given a good salary package. The Assistant Manager in SIDBI Salary is good enough to attract the attention of candidates to apply for the post. They are initially paid Rs. 28,150/- as basic pay. They are even granted increments after the completion of a specific period. Apart from the basic income, they are also given various perks and Allowances, which has further made candidates eager to apply for the post. The salary structure of a post plays an important role and can be considered a major deciding factor.
The SIDBI Assistant Manager Salary 2022 has been discussed in this article in detail to provide candidates with all the information they might need.
SIDBI Assistant Manager Salary 2022: Details
Before understanding the SIDBI Assistant Manager Salary 2022 structure, it is essential to know a little about the post. Therefore, some basic information regarding the post has been given below in the table in an organized manner for a better understanding of the candidates:
|Name of Organization||Small Industries Development Bank of India|
|Name of Post||Assistant Manager (Grade-A)|
|Mode of Application||Online|
|Commencement of the application process||14th December 2022|
|Last date of the application process||03rd January 2023|
|Selection Process||Online Test and Interview|
Download SIDBI Assistant Manager Salary 2022 PDF Here!
SIDBI Assistant Manager Salary 2022: Structure
The Salary of Assistant Manager in SIDBI bank is initially 28, 150/-. The employees at this post shall have four increments within five years of 1500/- per increment. Therefore, at the end of the fifth year, the SIDBI Assistant Manager Salary 2022 would be 34,350/-. After serving seventeen years, the salary of the post shall increase to Rs 55,600/-. The in-hand salary of the post shall then be around 70,000/- per month. The basic structure of the salary, and the salary after the increments have been given below in the table:
|Duration||Basic Pay||Grade Pay|
|First 4 Years||Rs. 28,150/-||Rs. 1550/-|
|Seven years after||Rs. 34,350/-||Rs. 1750/-|
|Four years after||Rs. 46,600/-||Rs. 1750/-|
|One year after||Rs. 53,600/-||Rs. 2000/-|
|17 years after||Rs. 55,600/-|
SIDBI Assistant Manager Salary 2022: Perks and Allowances
Apart from the SIDBI Assistant Manager Salary 2022, there are various benefits and allowances allotted to the post, which have made it quite attractive for candidates. Now, more than ever, more Candidates are applying for it. The information about the salary structure has further helped them focus more and try harder to qualify for the post. All the information regarding the SIDBI Assistant Manager Salary and Perks has been given below:
- Dearness Allowance
- House Rent Allowance
- Special Allowance
- Family Allowance
- City Compensatory
- Local Allowance
- Learning Allowance
- Grade Allowance
- Special Compensatory Allowance
SIDBI Assistant Manager Salary 2022: Information
The candidates who are willing to apply for the post of Assistant Manager at the SIDBI bank need to acquaint themselves with the SIDBI Assistant Manager Salary 2022. For a better understanding of the candidates, the initial pay, SIDBI Assistant Manager Pay Scale, as well as the amount allotted for each allowance, has been given below in the table:
|Basic Pay||Rs 28,150/-|
|Pay Scale||Rs. 28150-1500(4)-34350-1750 (7)-46600-EB-1750(4)-53600-2000(1)-55600(17 years)|
|Family Allowances||4% of pay|
|Local Allowance||5% of pay|
|House Rent Allowance||10% of the pay|
|Special Compensation Allowances||Rs.625/-|
|SIDBI Grade A Special Pay||Rs.2000/-|
SIDBI Assistant Manager Salary 2022: Other facilities
The candidates at the post for Assistant Manager also get various other facilities such as:
- Leave Fare Concession
- Reimbursement of medical expenses
- Reimbursement of vehicle maintenance
- Vehicle Loan
- Housing Loan
- Bank’s accommodation/Leased Flat Facility
SIDBI Assistant Manager Salary 2022: Salary Slip
At the end of every month, the employees working under the bank shall be given SIDBI Assistant Manager Salary Slip containing all the details regarding the salary structure. It shall contain the amount assigned for each allowance and deductions implemented on the salary package. It gives them a clear understanding of all the perks and allowances they can benefit from in the long run. It can also help them further in securing loans.
SIDBI Assistant Manager Salary 2022: FAQs
The initial salary of the SIDBI Assistant Manager is Rs.28,150/-.
The in-hand salary of the SIDBI Assistant Manager is 70,000/-.
Rs.6000/- has been allotted for the post of Assistant Manager as Grade Allowance.
Yes, the SIDBI Assistant Manager gets a House Rent Allowance.
After seven years of service, the salary of the Assistant Manager can be Rs.34,350/-.