IDBI Assistant Manager Salary Slip: The Industrial Development Bank of India (IDBI) conducts a national-level exam to recruit the IDBI Assistant Manager. The selection process for the same consists of two stages, i.e. the written test and the interview stage. The candidates interested in applying can fill out the application form online. Salary is the most important part of any job. The IDBI Assistant Manager is offered a good salary and various benefits and perks. All the details related to the salary have been given below in the article.
IDBI Assistant Manager Salary Slip 2022
IDBI Assistant Manager Salary Structure
The IDBI Assistant Manager is recruited through a one-year program known as the PGDBF Program. It is done in two parts. One part consists of nine months of classroom education and then a three-month on-the-job training done in the form of an internship at a bank branch.
Stipend during the training period
- After being shortlisted, candidates must complete a 9-month training term. They would be paid a stipend of Rs 2,500/- per month for classroom training during the training duration.
- After completing their classroom instruction, they will be required to do a three-month internship or on-the-job training. They would be paid Rs.10,000/- each month for the internship period.
IDBI Assistant Manager Salary and other Benefits and Allowances
The monthly basic pay for Officers in Grade ‘A’ ranges from Rs. 36,000 to Rs. 63,480. The gross monthly payment will be around Rs. 60,000. The different benefits and perks that are offered are given below-
- Dearness Allowance – This is generally around 46% of the basic salary. It can vary as per the inflation rate as it can increase or decrease. It is based on the Consumer Price Index, which is changed every quarter.
- Medical Aid- Apart from the salary, a fixed medical aid is provided yearly to meet the clinical costs
- Accommodation Allowances – Instead of an HRA, leased housing will be supplied.
- Travelling Allowance – Employees are given a fixed travelling allowance
- Newspaper reimbursement – Every month, a predetermined price is paid for one newspaper subscription.
IDBI Assistant Manager Job Description
The different job responsibilities of the IDBI Assistant Manager are given below-
- Managerial responsibilities include supervising clerical workers, making decisions that benefit the bank, and monitoring cash levels.
- Handling customer queries or concerns, such as document collection for banking services, giving cheque books and answering ATM card questions, among other things.
- Banking product, service, and insurance promotion related to fixed deposits, mutual funds, and other investments.
- Loan disbursement, debt recovery from defaulters, and reporting to higher officials are all duties that must be done.
IDBI Assistant Manager Exam Pattern
| S.No | Name of the Test | No. Of Questions | Maximum Marks |
|---|---|---|---|
| 1 | Logical Reasoning, Data Analysis & Interpretation | 60 | 60 |
| 2 | English Language | 40 | 40 |
| 3 | Quantitative Aptitude | 40 | 40 |
| 4 | General/Economy/Banking Awareness | 60 | 60 |
Time duration: 2 hours
Important Point -: 0.25 Negative Marking for Each Wrong Answer.
Conclusion
Salary is the most important thing when considering any job. The IDBI Assistant Manager is offered a good basic salary. They are also given different benefits such as Dearness Allowance, Medical Aid, etc. We hope the article gives you relevant information about the IDBI Assistant Manager Salary, including the basic salary and the different perks and benefits offered. For any queries, contact us at Oliveboard.
Frequently Asked Questions
The training period for IDBI Assistant Manager is as follows :
Nine months of classroom instruction.
Three months of on-the-job training (internship at a bank branch).
The total training time for Assistant Manager Grade A is approximately one year.
The salary for IDBI Assistant Manager positions ranges from Rs. 36000 to Rs. 63,480, and the gross remuneration after all allowances is INR 60000 per month
Candidates are eligible for INR 2,500 per month during the nine months of classroom training.
IDBI Assistant managers will be required to enrol in a three-month internship or on-the-job training after completing their classroom instruction, and they will be paid a monthly stipend of 10,000/- for the internship.
The selection process for the same consists of two stages, i.e. the written test and the interview stage.
I have been writing blog content for different exams for more than 3 years now. Being an aspirant myself and having closely worked with students and mentors, I know what kind of content an aspirant is looking for. Apart from writing content, I like watching movies.
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