SIDBI Grade A Salary, Allowances , Perks and Job Profile 2023-24

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SIDBI Grade A Salary

SIDBI Grade A Salary has been revised. The new pay scale is quite lucrative. Candidates giving the SIDBI exam and those interested must be curious about the detailed salary structure, job profile, and other details of the kind of career you may have after clearing the SIDBI Grade A Officer recruitment. Hence, this blog will tell you about these various details, mainly the job profile, salary, perks, pay scale, etc.

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SIDBI Grade A Salary 2023-24

Here is a detailed look at the salary that the selected candidates receive on joining as SIDBI Grade A Officers. They are also entitled to a number of monetary and non-monetary perks.

SIDBI Grade A Salary 2023-24 – Overview

Check out the overview of SIDBI Grade A Salary 2023-24 in the table below:

SIDBI Grade A Basic PayRs 44500
SIDBI Grade A Pay ScaleRs. 44500- 2500(4)- 54500- 2850(7)- 74450- EB- 2850(4)- 85850- 3300(1)- 89150 (17 years)
SIDBI Grade A AllowancesDearness Allowance, Grade Allowance, Special Allowance, Local Compensatory Allowance, etc. Further, candidates selected for the post will be governed by ‘The Defined Contributory New Pension Scheme (NPS)
SIDBI Grade A Gross EmolumentsRs.94,988/- per month 
Official WebsiteSIDBI
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SIDBI Grade A Apply OnlineSIDBI Grade A EligibilitySIDBI Grade A Syllabus
SIDBI Grade A Exam DateSIDBI Grade A Selection ProcessSIDBI Grade A Previous Year Cut Off
SIDBI Grade A ResultSIDBI Grade A NotificationSIDBI Grade A Interview Tips

Download SIDBI Grade A Previous Year Interview Questions Ebook

SIDBI Grade A Salary Pay Scale 2023-24

The SIDBI Grade A Pay Scale has been revised, check it out below:

Post NameExisting Pay ScaleRevised Pay Scale
Grade A Officer28150-1550(4)-34350-1750(7)-46600-EB-1750(4)-53600-2000(1)-55600(17 years)44500-2500(4)54500-2850(7)-74450-EB-2850(4)-85850-3300(1)-89150(17 years)

SIDBI Grade A Salary Structure

The detailed break up of SIDBI Grade A Salary 2023-24 is as follows

Time PeriodBasic Pay (in Rs)Increment (in Rs)
Starting PayRs 44500Rs 2500 every year
After 4 YearsRs.54500Rs. 2850 every year 
After 7 YearsRs 74450Rs. 2850 every year
After 11 YearsRs 85850Rs. 3300 every year
After 12 Years to 17 yearsRs 89150 (Maximum Pay)

SIDBI Grade A Perks and Allowances

Apart from salary, SIDBI Grade A Officers are eligible for several perks and allowances, A few of which are mentioned below.

  1. Dearness Allowance
  2. House Rent Allowance
  3. Special Allowance
  4. Family Allowance
  5. City Compensatory
  6. Local Allowance
  7. Learning Allowance
  8. PFA
  9. Grade Allowance
  10. Special Compensatory Allowance

Further, candidates selected for the post will be governed by ‘The Defined Contributory New Pension Scheme (NPS).

SIDBI Grade A Job Profile

The details on the SIDBI Grade A job profile are as follows:

The Officers in Grade ‘A’ are expected to contribute proactively in following broad areas of operations of the Bank-

  • Augmenting credit penetration in MSME, Microfinance, and Startup/Venture Capital Sector through Direct / Indirect Credit Delivery and Monitoring Mechanisms.
  • Contributing to entrepreneurship promotion & skill development activities of the Bank for the MSME sector, including facilitating cooperation and coordination with various stakeholders.
  • To be key input providers in Business Analytics and decision-making process by gathering regular market feedback/ research and updating the Management with the trends in their areas/clusters to assist the Bank in prioritization of various new initiatives and projects.
  • Participate in internal management/administration, control, and monitoring-related functions to ensure that the Bank remains an adaptable and responsive organization amidst changing dynamics of the MSME sector and the overall economy.
  • Any other work as assigned by the Bank from time to time.
Topper’s CornerTopper’s Corner
SIDBI Grade A 2022 Topper Aniket TembhurneSIDBI Grade A 2022 Topper Dayyala Krishna

SIDBI Grade A Probation Posting/Transfer

Candidates aren’t immediately hired on a permanent basis on selection. They are to serve a 3-year probationary period during which their performance is monitored while being trained for their post. The following are the details of the probationary period transfers:

  • The selected candidates would be on probation for a period of 2 years which is extendable up to a maximum of 4 years at the discretion of SIDBI.
  • The selected candidates will be liable to be posted/transferred at the discretion of SIDBI to various offices/verticals/associates/subsidiaries of SIDBI from time to time and on such terms and conditions as may be decided by SIDBI.

SIDBI Grade A Salary 2023-24 – FAQs

Q1. Is the SIDBI Grade A Salary 2023-24 Revised?

Yes, the SIDBI Grade A Salary has been revised in 2023-24.

Q2. What is the starting/ basic pay for SIDBI Grade A Salary 2023-24?

The starting/basic pay is now Rs 44500. Earlier, it was Rs. 28150.

Q3. What is the SIDBI Grade A Gross Salary?

The gross or approx salary for SIDBI Grade A Officer is Rs. 94,988.

Q4. What are the SIDBI Grade A perks & allowances?

There are several allowances including Grade Allowance, Special Allowance, Dearness Allowance, Local Allowance, Family Allowance, etc

Q5. What is the range of SIDBI Grade A Salary?

The range for SIDBI Grade A Salary is from Rs 44500 to Rs 89150.

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