SIDBI Grade A Salary 2022: Pay Scale, Grade Pay, Per Month

SIDBI Grade A Salary 2022 – Salary Structure, Allowances, Salary Slip

SIDBI Grade A Salary and the details of its components are compiled in a single blog here. Candidates who are going to start preparing for the SIDBI Grade A Exam, have to go through this article and get detailed information on SIDBI Grade A Salary Per Month, Pay Scale, Grade Pay, Perks and Allowances, Salary Slip, Promotion & Career Growth

Every year, the SIDBI Grade A Assistant Manager Notification is sent out by the Small Scale Industries Development Bank of India. This is one of the most crucial recruitment notifications for job seekers. You can learn more about the SIDBI Assistant Manager Salary right now. If you are aware of the wage scales, you will be able to prepare more effectively. Following the publication of the notice, many applicants are eager to learn the remuneration for the advertised position. From the perspective of hopefuls, we have supplied the SIDBI Grade A Salary information, which includes the In Hand Salary, Pay Scale, Basic Pay, and Allowances. So before starting the study process for the SIDBI Grade A Exam, candidates should familiarise themselves with all of the details.

Govt Jobs Updates

Through training and development, SIDBI provides great career prospects for professional advancement in the highly specialized sector in which the Corporation operates. For additional information, candidates should read this SIDBI Grade A Salary post.

SIDBI Grade A Pay Scale:

The selected candidates will get an excellent pay scale and consistent career growth. As per the current pay trend, the SIDBI Grade A Pay Scale lies in the range of 28,150 – 1550 (4) – 34350 – 1750 (7) – 46600 – EB – 1750 (4) – 53600 – 2000 (1) – 55600 (17 years).

SIDBI Grade A Salary Per Month:

The SIDBI Grade A Salary Per Month is in the range of Rs. 70,000/- approximately.

SIDBI Grade A Salary After 5 Years:

The Basic Pay will get increased every year. Along with that, the grade pay will get enhanced. For your convenience here we have updated the SIDBI Grade A Salary After 5 years in the below table.

Duration Basic Pay Grade Pay
First 4 Years Rs. 28,150/- Rs. 1550/-
Next 7 years Rs. 34,350/- Rs. 1750/-
Next 4 Years Rs. 46,600/- Rs. 1750/-
Next 1 Year Rs. 53,600/- Rs. 2000/-
Next 17 Years Rs. 55,600/-

SIDBI Grade A Salary: Allowances and Perks

The SIDBI Grade A Salary has been attracted not only by its pay scale but the allowances and perks also make it too. Here we have given the complete details of SIDBI Grade A Perks and Allowances.

SIDBI Grade A Special Pay:

  • The amount of special pay is equivalent to the last increment of the scale of pay will be paid on the companion of one year after reaching the maximum of the respective scale and the same will be as under.
  • The SIDBI Grade A Special Pay is Rs. 2000/-

SIDBI Grade A Perks and Allowances:

Along with the SIDBI Grade A Salary, candidates are entitled to the several additional perks and benefits that are offered as per the norms. Here we have listed the SIDBI Grade A Perks and Allowances.

Special Functional Allowance:

The Special Functional Allowance will be provided for the SIDBI Grade A Officer is Rs. 625/- Per Month.

JAIIB/CAIIB Allowance:

The JAIIB/CAIIB Allowance, month’s equal to the last month’s increment in the scale of the pay which as officer draws on/after reaching the maximum of the scale.

3. Dearness Allowance

(i) The rate of Dearness Allowance for every rise or fall of 4 points over 4440 points of the All ‘India Working Class Consumer Price Index (Base 1960 = 100) shall be at 0.10% of pay.

4. House Rent Allowance (HRA)

(a) Monthly House Allowance will be paid @ 10% of pay.
(b) Officers not staying in Bank’s accommodation shall be eligible for House Rent Allowance to the extent of 15 % of pay, rounded off to next higher rupee.
(c) In case both spouses are employees of the Bank, both will be entitled to draw HRA @ 15% of Pay, even if they are posted at the same centre but are not staying in Bank’s accommodation.

5. Local Allowance

Local Allowance will be paid @ 5% of pay (rounded off to the next higher rupee), subject to the maximum of 32050/- p.m. for Officers in Grades ‘A’ to ‘C’. For Officers in Grades ‘D’ & ‘E’ Local Allowance will be paid @ 5% of pay (rounded off to the next higher rupee) subject to the maximum of 24000/-p.m. and 4750/- p.m. respectively. Local Allowance will not be payable to Officers in Gr. ‘F’ and EDs, as hitherto.

6. Family Allowance

Family Allowance @ 4% of pay (rounded off to the next higher rupee), subject to the maximum of 1750/- p.m. for Officers in Grades ‘A’ to ‘C’. For Officers in Grades ‘D’ & ‘E’ Family Allowance will be paid @ 4% of pay (rounded off to the next higher rupee) subject to the maximum of 33250/- p.m. and 3750/- p.m. respectively. Family Allowance will not be payable to Officers in Gr. ‘F’ and EDS, as hitherto.

7. Special Compensation Allowance

The quantum of Special Compensation Allowance is as under

Pay Aount of SCA
a) Upto Rs. 75,050/- Rs. 500/- PM
b) Above Rs. 75,050/- Rs. 625/- PM

8. Grade Allowance:

For SIDBI Grade A the grade allowance will be paid as Rs. 6000/-

9. Special Allowance on Promotion:

The amount payable as Special Allowance stands revised as Rs. 6,500/-

10. Deputation Allowance:

An Officer Deputed to an organization at the same centre 4% of pay – with a maximum of Rs. 2000/- pm
An Officer Deputed to an organization at outstation centre 7.75% of pay – with a maximum of Rs. 2000/- pm

SIDBI Grade A Salary Slip:

Here we have uploaded the SIDBI Grade A Salary Slip as per the pay scale in 2016. It is just for your reference.

SIDBI Grade A Salary Slip

SIDBI Grade A Promotion and Career Growth:

Along with the SIDBI Grade A Salary Package, candidates are entitled to the promotion and career growth. Here we have updated the SIDBI Grade A Promotion Structure.

Designation Name Pay Scale
Executive Director
120500 – 3500(2) – 127500 (3 years)
Grade F Officer
101900 – 3000(4) – 113900 (5 years)
Grade E Officer
72800 – 2250(1) – 75050 – 2400(2) – 79850 – 2500(3) – 87350-3000(5) – 102350 (12 years)
Grade D Officer 68500 – 2150(2) – 72800 – 2250(6) – 86300(9 years)
Grade C Officer 49000 – 1750(3) – 54250 – 1900(2) – 58050 -2000(4) – 66050 – EB – 2000(2) – 70050 – 2150(1) – 72200 (13 years)
Private Secretary in Grade B on elongated Pay Scale
35150 – 1750(9) – 50900 – EB – 1750(2) -54400 – 2000(4) – 62400 – EB 1200(1) – 63600 -2150(4) – 72200 (21 years)
Grade B Officer
35150 – 1750(9) – 50900 – EB – 1750(2) – 54400 – 2000(4) – 62400 (16 years)
Grade A Officer
28150 – 1550(4) – 34350 – 1750(7) – 46600 -EB – 1750(4) – 53600 – 2000(1) – 55600 (17 years)

 

RELATED ARTICLESMORE FROM AUTHOR