The IDBI Executive Salary 2024 offers an attractive start for individuals aiming to build a promising career in the banking sector. With a competitive pay scale, performance-based promotions, and valuable exposure to real-world banking operations, this role is a stepping stone to higher positions within IDBI Bank. Let’s explore the complete details of the salary structure, allowances, job profile, and promotional avenues.
IDBI Executive Salary 2024
The Industrial Development Bank of India (IDBI) has released its recruitment notification for 1000 Executive vacancies in 2024. Candidates appointed under this role will initially serve on a contractual basis, with salaries increasing each year during the three-year contractual period. The position provides an excellent foundation for those looking to advance within the banking industry.
Key Highlights of IDBI Executive Salary 2024
| Aspect | Details |
| Organization | Industrial Development Bank of India (IDBI) |
| Position | Executive (Contractual) |
| Vacancies | 1000 |
| Starting Salary | ₹29,000/month (1st year) |
| Official Website | www.idbibank.in |
Salary Structure for IDBI Executives
During the contractual period, IDBI Executives will receive fixed monthly remuneration, with incremental increases each year. The salary breakdown is as follows:
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| Year | Monthly Salary |
| 1st Year | ₹29,000 |
| 2nd Year | ₹31,000 |
| 3rd Year | ₹34,000 |
This progression allows candidates to experience a steady increase in their compensation, motivating them to excel in their roles.
Benefits and Allowances for IDBI Executives
While the IDBI Executive role provides an attractive pay scale, it is important to note that it does not include additional allowances such as HRA, DA, or retirement benefits during the contractual period. However, the role offers other advantages:
- Practical Banking Experience: Hands-on exposure to various banking operations.
- Job Satisfaction: Structured work environment with opportunities for skill enhancement.
- Flexible Work Hours: Ensures a healthy work-life balance.
- Loan Facilities: Easier access to loans at reduced interest rates.
- Career Growth: Clear pathways for promotions and career advancement.
IDBI Executive Job Profile
IDBI Executives are entrusted with significant responsibilities to ensure the smooth functioning of banking operations. Key roles include:
1. Customer Service Executive (CSE)
- Handling non-financial requests like account updates, fund transfers, and cheque clearances.
- Assisting senior bank officials in day-to-day tasks.
2. Teller Service Executive (TSE)
- Managing cash counters and facilitating seamless teller operations.
These roles require a mix of customer service skills, problem-solving abilities, and attention to detail, making them integral to the bank’s success.
IDBI ESO Promotions and Career Growth
The IDBI Executive role opens doors to an impressive career trajectory. Upon completing the three-year contractual period, candidates can be absorbed as permanent employees based on performance. The promotion ladder includes:
- 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
This structured growth plan ensures ample opportunities for professional development and leadership roles.
Why Choose IDBI Executive Role?
The IDBI Executive position is an excellent entry point for candidates aiming to establish a successful career in the banking sector. With a competitive salary, practical experience, and a transparent career growth framework, the role is ideal for ambitious professionals seeking long-term opportunities.
Important Links for IDBI Executive Exam 2024
To excel in your preparation, explore these detailed articles:
- IDBI Executive Exam Date 2024: Check important dates and timelines.
- IDBI Executive Syllabus 2024: Understand the topics and weightage for each section.
- IDBI Executive Salary 2024: Learn about the perks and career growth opportunities.
- IDBI Executive Shift Timings: Know the reporting times for your exam.
- IDBI Executive Admit Card 2024: Download your admit card for upcoming exam.
- IDBI Executive Final Result 2025 Out, Check ESO Result Link
- Computer Knowledge Questions Asked in IDBI Executive Exam 2024
- IDBI Executive Admit Card 2024 Out, Hall Ticket Link, Shift Timings
- How to Score 30+ Marks in Quant for IDBI Executive Exam 2024, Tips and Plan
- IDBI Executive Cut-Off 2024, Previous Year Cut Off Trends
- IDBI Executive Shift Timing 2024, Everything You Need to Know
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