IDBI Executive Salary 2024: The Industrial Development Bank of India (IDBI) decides the salary of executives in the bank. The selected candidates will get the fixed remuneration of Rs 29000 for the 1st year and Rs 31000 for the 2nd year. The candidates will be selected purely on a contractual basis and will not be eligible to draw any allowances, such as DA, HRA, etc. The appointment is purely contractual in nature. The appointee shall not be entitled to draw any allowances such as DA, HRA, etc.
IDBI Executive Salary 2024 Overview
IDBI has invited applications for the recruitment of executives in sales and operations in the bank on a contract basis. The contractual period of service would not be counted for any seniority/superannuation/terminal benefits, continuation of employment, etc., in case the appointee is considered for appointment in the services of the Bank as a regular full-time employee at a later stage
| Exam Conducting Body | Industrial Development Bank of India |
| Post Name | Executive - Sales and Operations |
| Stipend | Rs 29,000 per month for 1st Year Rs 31,000 per month for 2nd Year |
| CTC | Rs 3.48 lakh to Rs 3.72 lakh |
| Job Location | Any of the Bank’s branches/offices |
IDBI Executive In Hand Salary
The in-hand pay for the selected candidates will be Rs 29000 for the 1st and Rs 31000 for the 2nd year, and so on. The contract would be initially for a period of 1 year and may be reviewed for extension on a year-to-year basis for a further period of 1 year, subject to satisfactory performance, completion of assigned mandatory e-certifications, availability of vacancies, and any other criteria that the bank may decide from time to time.
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IDBI Executive Benefits
Other than the good salary selected, candidates will also be eligible for various other career benefits. Some of the benefits are listed below
- Career Growth
- Flexible working hours
- Easy loan facility
- Reimbursement of medical expenditure
- Chance of Promotion
- Job Satisfaction
IDBI Executive Career Growth
The candidates who will successfully complete the 2-year contractual service shall be eligible to be appointed as Junior Assistant Manager (JAM), Grade ‘O’ in the bank through a selection process that would be conducted by the bank. On joining the bank as a JAM, candidates will get a CTS ranging between Rs. 6.14 lakh and Rs. 6.50 lakh per annum (Class A city).Check the list below for the promotion of selected candidates
- 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
IDBI Executive Job Profile
The selected will be required to perform various responsibilities. The brief description is provided below
Customer Service Executive (CSE): In this role, candidates will be responsible for taking non-financial requests such as updating changes, contact details, cheque clearance, fund transfers, etc.
Teller Service Executive (TSE): In this role, candidates will be responsible for taking care of all the responsibilities of the bank cashier.
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