IDBI Bank Executive Salary 2021 | Job Profile, Perks & Allowances, etc

Industrial Development Bank of India is one of the fastest-growing banks in the world and more than 20,000 employees work for the bank. IDBI Bank offers a great experience & bright future to employees. IDBI has released a notification for the recruitment of IDBI Executives. 

The appointment of candidates for the post will be on a contractual basis which would have an initial contract period of 1 year. The contract may be extended to 3 years depending on the candidate’s performance. 

On successful completion of a period of 3 years of contractual service, such appointees may become eligible for appointment as Assistant Manager (Grade A‟) in IDBI Bank through a selection process that would be conducted by IDBI Bank.

In this blog, you will find all the info related to salary, allowances, perks, pay-scale and other details.

IDBI Bank Executive 2021 | Important Dates

Find the IDBI Exam date and registration timeline in the table below.

Sl. No.ActivityDate
1.Cut-off  date  for  eligibility  criteria  (Age )July 01, 2021
2.Online RegistrationAugust 04, 2021 to August 18, 2021
3.Payment of Application Fee/ Intimation Charges – OnlineAugust 04, 2021 to August 18, 2021
4.Last Date of Online Registration and Online PaymentAugust 18, 2021
5.Date of Online Test at all centersSeptember 05, 2021

Following is the direct link to the online application for IDBI Executive recruitment 2021.

IDBI Bank Executive Salary Structure:

Let us have a look at the salary details of IDBI Executive with complete In-hand Salary, Structure, Perks, and Allowances. The selection of IDBI executives is done on the basis of an online test. The candidate must qualify the exam in order to get to the document verification round.

The salary structure is given as follows. It is different for each of the three years in the contractual period.

Consolidated Remuneration in first yearRs.29,000/- per month
Consolidated Remuneration in second yearRs.31,000/- per month
Consolidated Remuneration in third yearRs.34,000/- per month

Note: These executives shall not be entitled to draw any allowances such as DA, HRA,  etc.

Important Points to Note (After 3 Years)

  • The appointment of Executive will be on contractual basis.
  • The contract would be initially for a period of 1 year and this may be reviewed for extension on year-to-year basis for a further period of 2 years, subject to satisfactory performance, completion of assigned mandatory e-learning certifications and availability of vacancies.
  • On successful completion of a period of 3 years of contractual service, such appointees may become eligible for appointment as Assistant Manager (Grade A‟) in IDBI Bank through a selection process that would be conducted by IDBI Bank.

IDBI Bank Executive Job Profile

After being selected as an executive at IDBI Bank, a candidate can be offered any one of the two job profiles –

1) Customer service Executive (CSE) – A customer service executive is responsible for handling the front desk. Customer Service Executive has to deal with operations such as cheque clearance, any change in contact/address details updation, clearing of bank suspense accounts, etc. CSE has also to assist the bank Assistant Manager.

2) Teller service Executive (TSE) – A teller service executive has the job responsibilities same as a Bank Cashier. He/she is responsible for handling the teller counter.

IDBI Executive – Post Training Perks. 

Apart from the salary, here are some other benefits

Other perks include:

Scope for Individual Growth

Comfortable working hours

Promotion chances

Further employment after three years of service.

IDBI Executive Recruitment — Selection Process

The selection process for the recruitment of IDBI Bank Executive will have 2 stage, i.e Online Exam and the Pre-recruitment Medical Test. Applicants qualifying both in the online test and declared fit in the pre-recruitment medical test shall be considered for final shortlisting.

The final selection or offer of employment would be made based on applicant’s marks in the online test, being found medically fit and subject to fulfillment of all other eligibility criteria as stipulated in the advertisement.

IDBI Bank Executive Recruitment – Exam pattern

The Exam pattern of the IDBI Bank Executive Online Exam is given below -:

Sr.
No.
Name of TestsNo. of QsMaximum Marks
1Test  of  Reasoning5050
2Test  of  Working  English  Language5050
3Test  of  Quantitative Aptitude5050
 Total150150

Composite time of 90 minutes

The above tests except for the Tests of English Language will be available bilingually, i.e. English and Hindi.

Penalty for Wrong Answers – For each question for which a wrong answer has been given by the candidate, one fourth or 0.25 of the marks assigned to that question will be deducted as a penalty to arrive at the corrected score.

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This is all from us in this blog, IDBI Bank Executive Salary. Cracking the IDBI Bank Executive exam makes you eligible for a salary starting from Rs 29,000 up to Rs 34,000 in three years. Oliveboard will function as your one-stop guide for this exam. Take A Free IDBI Executive Mock Test Now.


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