IDBI Assistant Manager Grade A Salary 2021: Allowances, Job Profile Details

IDBI Assistant Manager Grade A Salary 2021: Here we have given the IDBI Assistant Manager Grade A Salary 2021 along with the allowances, benefits, job profile complete details. Candidates who are going to attend the recruitment process for the IDBI Assistant Manager Grade A Notification shall check out the details which will be useful.

 

Industrial Development Bank of India, India’s fastest growing banking with more than 20,000 employees working in the bank. This recruitment is a through the Manipal educational training for the period of 1 year. Graduates who are having a passion to set their career in the banking sector kindly utilize this opportunity. IDBI Bank offers a great experience & bright future to passionate candidates. IDBI careers release the notification for the recruitment of IDBI Assistant Manager 2021. Most of the candidates are don’t have the proper knowledge of IDBI Assistant Manager Grade A Salary 2021. For that here we have given the salary details along with the allowances, job profile & career growth. So interested candidates kindly go through this IDBI Assistant Manager Grade A Salary 2021 and know the unknown details.

IDBI Bank Mock Test Series

IDBI Assistant Manager Grade A Training Period:

The recruitment of IDBI Assistant Manager Grade A through the 1-year PGDBF course is divided into two segments:

  1. Classroom training for nine months.
  2. On-the-job training for three months (internship at a bank branch).

Candidates will receive a monthly stipend during the training periods. For classroom training, which is for nine months, candidates are eligible to receive INR 2,500 per month.

After finishing their classroom training they will have to go for the internship or On-the-Job training which is the Internship for 3 months. During the internship period, they will be paid Rs.10,000/- per month.

IDBI Assistant Manager Syllabus

IDBI Assistant Manager Grade A Terms of Appointment and Posting

Initial appointment in the post of Assistant Manager will be on probation for a period of one year from the date of joining the Bank (which can be extended at the discretion of the Bank). Candidates will be posted at Bank’s discretion, to any offices of the Bank or the departments/offices/business units / the Bank’s associate institutions. The candidates will also be liable to be transferred to any place in/outside India, as the Bank may decide from time to time in terms of the Bank’s prevailing rules/policies.

IDBI Assistant Manager In-hand Salary

After the successful completion of the PDGBF course, candidates will be posted as Assistant Manager (Grade A) at any IDBI Bank Branch. The basic pay is INR 23,000, while the monthly IDBI Assistant Manager Grade A in-hand salary 2021 would be around INR 25,000 to INR 30,000.

 

The extant basic pay applicable to Assistant Managers in Grade A is Rs.36,000/- per month in the pay scale of 36000-1490(7)-46430-1740 (2)–49910–1990(7)-63840 (17 years)

 

The pay scale is as follows:

Years in Office Basic Pay Increment
7 Years INR 23700 INR 980
7 + 2 Years INR 30560 INR 1145
7 + 2 + 7 Years INR 32850 INR 1310
17 Years INR 42021

The gross salary for IDBI Bank Assistant Manager ranges from INR 55000 to INR 60000 per month.

IDBI Bank Assistant Manager Allowances & Benefits

Apart from the basic pay, candidates are entitled to allowances and benefits. the details are given below.

  • Dearness Allowance – Based on the Consumer Price Index (CPI) which is revamped every quarter. The DA is around 46% of the basic salary but can either increase or decrease depending on the inflation rate
  • Accommodation Allowances – A leased accommodation will be provided in place of an HRA
  • Medical Aid – A fixed annual allowance is paid for medical aid
  • Traveling allowance – Employees are given a fixed traveling allowance
  • Newspaper Allowance – A fixed amount is paid for one newspaper subscription on a monthly bases

IDBI Assistant Manager Grade A Career Growth

Apart from the IDBI Assistant Manager Grade A Salary 2021, candidates are entitled to the promotion prospects, such as

  1. IDBI Assistant Manager (Grade A)
  2. Manager (Grade B)
  3. Assistant General Manager (Grade C)
  4. Assistant General Manager (Grade D)
  5. Deputy General Manager (Grade D)
  6. General Manager (Grade E)
  7. Chief General Manager (Grade F)
  8. Executive Director.

IDBI Bank Assistant Manager Job Profile:

a) Lending Services to the Customers – The primary work of the assistant manager is to provide services to the customers. The officers have to handle the queries put up by the customers. It can be any query, ranging from issuing chequebooks, opening new accounts, KYC, ATM cards, document requirements, etc.

b) Multitasking – Taking care of all the tasks such as supervising clerical work, managerial decisions, managing cash balance, etc.

c) Financial Works – The tasks include reaching out to the customer and know their credit needs, Disbursing loans, recovery of loans from defaulters, making the reports, and submitting them to higher officials.

d) Handling Desk Works – An IDBI Assistant Manager also supervises all the desk/clerical work like managing types of deposits and withdrawal of cash, DD/challan authorization, etc.

e) Creation of Business – The Assistant Manager also promotes the banking & its partner’s products, selling insurance, promoting services related to fixed deposits, mutual funds, etc.

IDBI Assistant Manager Grade A Salary 2021 FAQs:

Q. What about IDBI Assistant Manager Grade A Salary 2021?

A. The basic pay is INR 23,000, while the monthly in-hand salary would be around INR 25,000 to INR 30,000.

 

Q. What are the allowances or perks are offered to an IDBI Assistant Manager Grade A?

A. Along with the basic pay, candidates are entitled to Dearness Allowance, Accommodation Allowances, Medical Aid, Travelling Allowance, Newspaper Allowance.

 

Q.What is the career growth for an IDBI Assistant Manager?

A. The career growth for an IDBI Assistant Manager is as follows:

  1. IDBI Assistant Manager (Grade A)
  2. Manager (Grade B)
  3. Assistant General Manager (Grade C)
  4. Assistant General Manager (Grade D)
  5. Deputy General Manager (Grade D)
  6. General Manager (Grade E)
  7. Chief General Manager (Grade F)
  8. Executive Director.

 

Q. How long is the training period for IDBI Assistant Manager Grade A?

  1. Classroom training for nine months.
  2. On-the-job training for three months (internship at a bank branch).

Totally the training for Assistant Manager Grade A is about 1 year.

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