The SIDBI Grade A Officer (Assistant Manager) Salary is an attractive package, offering not just a high salary but also a range of allowances and benefits. With a basic pay of Rs. 44,500, the total in-hand salary, including perks, reaches approximately Rs. 1,00,000 per month. This makes it one of the most lucrative career options in the banking sector.
Apart from the financial rewards, the role comes with ample opportunities for professional growth, work-life balance, and job security. Candidates aspiring for this prestigious position should understand the complete salary structure, increments, benefits, and job responsibilities before applying.
SIDBI Grade A Salary Structure
The SIDBI Assistant Manager salary structure includes basic pay, allowances, and other benefits that enhance the total compensation package. Here’s a detailed breakdown:
| Component | Amount (Rs.) |
|---|---|
| Basic Pay | 44,500/- |
| Pay Scale | 44,500 – 2500(4) – 54,500 – 2850(7) – 74,450 – EB – 2850(4) – 85,850 – 3300(1) – 89,150 (Over 17 years) |
| Grade Allowance | 6,250/- |
| Dearness Allowance (DA) | 23,196/- |
| Local Allowance | 4,005/- |
| Special Perquisite Allowance | 7,383/- |
| Learning Allowance | 600/- |
| House Rent Allowance (HRA) | 10% of pay |
| Deductions (PF, Taxes, etc.) | 18,112/- |
| Net Salary (Approx.) | 1,00,000/- |
SIDBI ensures annual increments, making the salary structure even more rewarding over time. The pay scale guarantees steady financial growth, providing long-term stability for employees.
SIDBI Assistant Manager Salary Increments
The salary progression for SIDBI Grade A officers is structured to offer consistent increments over the years. Here’s how the basic pay grows over time:
| Service Duration | Basic Pay (Rs.) | Grade Pay (Rs.) |
|---|---|---|
| First 4 Years | 44,500 | 2,500 |
| Next 7 Years | 54,500 | 2,850 |
| Next 4 Years | 74,450 | 2,850 |
| Next 1 Year | 85,850 | 3,300 |
| After 17 Years | 89,150 | – |
With regular increments, the maximum basic pay reaches Rs. 89,150 after 17 years, ensuring consistent financial growth.
Additional Benefits and Perks
Apart from salary, SIDBI Grade A Officers enjoy various perks and allowances that make this position even more attractive:
1. Dearness Allowance (DA)
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Adjusted quarterly as per inflation rates.
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Currently, it stands at Rs. 23,196 per month.
2. House Rent Allowance (HRA)
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Provided at 10% of the basic pay.
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Can be substituted with a leased accommodation facility.
3. Travel and Leave Benefits
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Leave Travel Concession (LTC) available.
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Travel allowances and reimbursement for official tours.
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Paid leaves, including casual leave, sick leave, and annual leave.
4. Special Perquisites
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Learning allowance of Rs. 600/-.
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Local allowance of Rs. 4,005/-.
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Special perquisite allowance of Rs. 7,383/-.
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Medical benefits for employees and dependents.
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Pension benefits and provident fund contributions.
SIDBI Grade A Officer (Assistant Manager) Job Role
SIDBI Assistant Managers play a crucial role in strengthening the Micro, Small, and Medium Enterprises (MSME) sector. Their key responsibilities include:
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Credit Expansion: Ensuring easy access to financial aid for MSMEs, startups, and microfinance units.
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Financial Monitoring: Overseeing loan disbursement and repayment processes.
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Entrepreneurship Development: Supporting new businesses through financial planning and policy-making.
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Stakeholder Coordination: Work with government bodies, private lenders, and policy-making institutions.
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Market Research & Analysis: Gathering and analyzing financial data to guide banking decisions.
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Regulatory Compliance: Ensuring that financial operations align with RBI and SIDBI guidelines.
This role offers both financial and professional growth, making it a highly sought-after position in the banking industry.
Frequently Asked Questions (FAQs)
1. What is the in-hand salary of a SIDBI Grade A Officer?
The approximate in-hand salary of a SIDBI Grade A Officer is Rs. 1,00,000 per month, including allowances and deductions.
2. What are the increments in SIDBI Assistant Manager salary?
The salary increases through a structured pay scale, starting at Rs. 44,500 and reaching Rs. 89,150 over 17 years with regular increments.
3. What benefits do SIDBI Grade A Officers receive?
Officers receive Dearness Allowance, House Rent Allowance, Learning Allowance, Medical Benefits, Pension, and Leave Travel Concessions, among other perks.
4. Is SIDBI Grade A a good career option?
Yes, SIDBI Grade A offers a high salary, excellent allowances, job security, and career growth opportunities, making it an attractive option for banking aspirants.
SIDBI Grade A Officer is a prestigious and rewarding career path, offering financial stability and long-term growth opportunities. The structured salary increments and additional perks make it one of the best career choices in the banking sector.
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Sachin is a dedicated writer specializing in education, career, and recruitment topics, delivering clear and actionable insights to empower readers.