IDBI Bank Executive Salary 2021: Here we have given the IDBI Bank Executive Salary 2021 along with the allowances, benefits, job profile complete details. Candidates who are going to apply for the IDBI Bank Executive 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. The recruitment of executives is a wonderful opportunity for the graduates who are having a passion to set their career in the banking sector. IDBI Bank offers a great experience & bright future to passionate candidates. IDBI careers release the notification for the recruitment of IDBI Executives 2021. This recruitment is on a contractual basis which would have an initial contract period of 1 year. The contract may be extended to 3 years depending on the candidate’s performance. Additionally, selected candidates will receive a handful of remuneration with some benefits. So interested candidates kindly go through this IDBI Bank Executive Salary 2021 and know the unknown details.
IDBI Executive 2021: Salary Structure and Pay Scale
The appointment of the Executive will be on a contractual basis. The contract would be initially for a period of 1 year and this may be reviewed for extension on a year-to-year basis for a further period of 2 years, subject to satisfactory performance, completion of assigned mandatory e-learning certifications, and availability of vacancies.
On successful completion of a period of 3 years of contractual service, such appointees may become eligible for appointment as Assistant Manager (Grade A‟) in IDBI Bank through a selection process that would be conducted by IDBI Bank. The Executive will be paid a lump sum/fixed remuneration as per the following chart:
IDBI Bank Executive Salary 2021 Details:
For the 1st year of Employment – Candidates will get a sum of Rs. 29,000/- per month
For the 2nd year of Employment – Candidates will get a sum of Rs. 31,000/- per month
For the 3rd year of Employment – Candidates will get a sum of Rs. 34,000/- per month
- These executives shall not be entitled to draw any allowances such as DA, HRA, etc.
IDBI Bank Executive Salary 2021: Appointment Details
During the contractual period, the applicants can be posted at any branch or office of the Bank as per the discretion and requirements of the Bank. Applicants could also be posted at IDBI Bank’s discretion, to any offices of IDBI Bank or the departments or offices or business units of IDBI Bank’s subsidiaries or associate institutions. The appointment being purely contractual in nature, the appointee shall not be entitled to any superannuation benefits whatsoever.
Also, the appointee shall not be entitled to any gratuity and provident fund benefits. However, the Executives would be covered under IBLNPS Rules, 2011. The contractual period of service would not be counted for any superannuation/ terminal benefits, in case, the appointee is considered for appointment in the services of IDBI Bank as a regular full-time employee at a later stage.
IDBI Bank Executive Job Profile:
1) Customer service Executive (CSE) – A customer service executive is responsible for handling the front desk. A CSE has to deal with operations such as cheque clearance, any change in contact/address details updation, clearing of bank suspense accounts at the end of the day. A CSE also has sale targets. This job profile also includes the work of assisting the Assistant Manager.
2)Teller service Executive (TSE) – A teller service executive has the job responsibilities same as a Bank Cashier. He/she is responsible for handling the teller counter.