Get complete information on IDBI Assistant Manager Salary 2023. Check the In-hand Salary, Perks, Job Profile, Increments, and Career Growth for IDBI Bank Assistant Manager Post.
Table of Contents
The IDBI Bank Assistant Manager salary offered by the Industrial Development Bank of India is very remunerative, offering a basic pay of rupees 36,000 after the training period of 9 months followed by an internship of 3 months. The bank conducts a common exam to shortlist candidates for the recruitment of Assistant Manager in various IDBI branches across the country. This article will give an overview of the salary structure, allowances, and perks offered to the IDBI Bank Assistant Manager Salary.
IDBI Bank Assistant Manager Salary Structure 2023
The IDBI Assistant Manager Recruitment of 1-year PGDBF course is divided into three segments:
- Classroom training for nine months.
- On-the-job training for three months, i.e., internship at a bank branch.
- After completion of the training
The below given table will give explain the salary offered in all the three segments:
|
Segment |
Salary Offered |
|
Classroom Training (9 months) |
INR 2,500 per month |
|
Internship (3 months) |
INR 10,000 per month |
|
After completion of training |
INR 36,000 per month (Basic Pay) |
IDBI Bank Assistant Manager In-hand Salary
After completing PDGBF, candidates will be posted as Assistant Manager (Grade A) at an IDBI Bank Branch. The basic pay for an IDBI assistant manager is INR 23,000, while the monthly in-hand salary is around INR 25,000 to INR 30,000.
The pay scale is as follows:
|
Years in Office |
Basic Pay |
Increment |
|
7 Years |
INR 23,700 |
INR 980 |
|
7+2 Years |
INR 30,560 |
INR 1145 |
|
7+2+7 Years |
INR 32,850 |
INR 1310 |
|
17 Years |
INR 42,021 |
- |
The gross salary for IDBI Bank Assistant manager ranges between INR 55,000 to INR 60,000 per month.
IDBI Bank Assistant Manager Perks
Along with the basic pay, candidates are provided various benefits, allowances, and perks.
Below are the allowances offered for the IDBI Bank assistant manager.
- Dearness Allowance: Based on the Consumer Price Index (CPI), which is revamped every quarter. The DA is 46% of the basic salary, but it 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
- Travelling Allowance: Employees are given a fixed travelling allowance.
- Newspaper Allowance: A fixed amount is paid for one newspaper subscription on a monthly basis.
IDBI Assistant Manager Career Growth
The assistant manager is eligible for promotion to various positions under senior management posts in the bank.
IDBI Assistant Manager career growth includes,
- IDBI Assistant Manager (Grade A)
- Manager (Grade B)
- Assistant General Manager (Grade C)
- Assistant General Manager (Grade D)
- Deputy General Manager (Grade D)
- General Manager (Grade E)
IDBI Bank Assistant Manager Job Profile
The primary job profile includes taking care of all managerial tasks
Below are the detailed job profile.
- Managerial tasks include supervising clerical work, making decisions that cater to the bank's benefit, and managing cash balance.
- Handling customer queries or doubts by providing solutions related to the accumulation of documents for banking services, issuing cheque-book queries regarding ATM cards, etc.
- Promotion of banking products, promoting services, and selling insurance related to fixed deposits, mutual funds, etc.
- Disbursing loans, recovery of loans from defaulters, and submitting reports to higher officials.
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