IDBI Executive Salary 2023
IDBI Executive Salary 2023: The Industrial Development Bank of India offers a lucrative IDBI Executive salary 2023 to the candidates pursuing Executive positions in the firm. The candidates will be initially appointed on a contractual basis and promoted after 3 years on the basis of their performance. As IDBI Executives, candidates will be offered an initial salary of Rs. 29,000/- per month. In this article, we have mentioned the IDBI Executive Salary In-hand, Salary Structure, Perks, Allowances, and IDBI Executive Work Profile details. Read here for more.
IDBI Executive Salary Overview
IDBI Executive Salary Overview: The detailed IDBI Salary structure along with benefits and perks is mentioned below. Check the IDBI Executive Salary overview here.
| IDBI Executive Salary Overview | |
| Organization | Industrial Development Bank of India |
| Post Name | Executive |
| Vacancy | 1036 |
| IDBI Executive Salary In Hand | Rs. 29,000/- |
| IDBI Executive Salary Allowances | DA, Medical, Accommodation, etc. |
| IDBI Official Website | www.idbibank.in |
IDBI Executive Salary Structure
IDBI Executive Salary Structure: According to the IDBI Executive Recruitment 2023 on successful completion of a period of 3 years of contractual service, such appointees shall become eligible for appointment as Assistant Manager (Grade A) in the Bank through a selection process that would be conducted by the Bank. The Executive will be paid a lump sum/fixed remuneration as given below:
| IDBI Executive Salary Structure | |
| Consolidated remuneration |
Rs.29,000/- per month in the first year |
| Rs.31,000/- per month in the second year | |
| Rs.34,000/- per month in the third year of service. | |
IDBI Executive Salary In Hand
IDBI Executive Salary In Hand: Candidates will be given Rs. 29,000/- as in hand as salary in the first year of their appointment as an executive. This will keep on increasing in the 2nd and 3rd years. After 3 years, based on their performance, they will be promoted to a permanent level and salary will increase as a result. The IDBI Executive salary in hand consists of basic pay, allowances, and grade pay. The different benefits and allowances offered by IDBI are mentioned below.
IDBI Executive Perks and Benefits 2023
IDBI Executive Perks and Benefits 2023: Along with the Salary, the candidates will be getting other perks and benefits as per the norms of IDBI which include DA, HRA, etc.
| IDBI Executive Perks and Benefits 2023 | |
| Dearness Allowance (DA) | Based on the Consumer Price Index (CPI) which is refurbished every quarter. The DA is around 46% of the basic salary but can either increase or decrease depending on the inflation rate. |
| Accommodation Allowance | This office is accessible instead of HRA. IDBI will give the official convenience as a rented convenience. |
| Medical Aid | IDBI pays a fixed yearly add-up to meet clinical costs. |
| Travelling Allowance | IDBI provides a fixed travelling allowance. |
| Newspaper Reimbursement | The bank pays a fixed sum towards the expense of one paper consistently. |
IDBI Executive Contractual Period
The appointment of the Executive will be purely on a contractual basis for 1st year and it will be revised yearly based on the performance of the candidate subject to satisfactory performance, completion of assigned mandatory e-certifications, and availability of vacancies at the relevant point of time. On successful completion of 3 years of contractual service in the Executive post, the candidates shall be appointed as Assistant Manager Grade A through a selection process conducted by the IDBI Bank.
IDBI Executive Career Growth & Promotion
IDBI Executive posts have wide growth and promotion. Candidates must check all the promotions which they will get in IDBI.
- IDBI Assistant Manager (Grade A)
- Manager (Grade B)
- Assistant General Manager (Grade C)
- Deputy General Manager (Grade D)
- General Manager (Grade E)
- Chief General Manager (Grade F)
- Executive Director
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