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IDBI Bank Assistant Manager Salary 2023

IDBI Assistant Manager Salary 2023 IDBI Bank Assistant Manager Salary Structure, IDBI Bank Assistant Manager Allowances, IDBI Bank Assistant Manager Salary In Hand  IDBI Bank Assistant Manager Annual Package, IDBI Bank Assistant Manager Job Profile, IDBI Bank Assistant Manager Career Path – Those aspirants who are focusing to make their career in banking sector, have dreams to work with IDBI Bank. IDBI Bank Assistant Manager is a one of the prestigious and most sought career in India in the field of government job. The reason behind this is the in hand salary, lucrative perks, better future prospects and respect in the family & in the society. Every year larger number of banking aspirants give their best to get the tag of IDBI Bank.

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IDBI Bank Assistant Manager Salary Structure
Period IDBI Bank Assistant Manager Basic Salary Increment
Basic Pay INR 23700/-
Every year for first 7 years INR 23700/- 980/-
Every year For the next 2 years INR 30560/- 1145/-
Every year for Another 7 years INR 32850/- 1310/-
Every year for Another 17 years INR 42020/-
IDBI Bank Assistant Manager Allowances
  • House rent allowance : This facility is available in place of HRA. Banks also provide the Official Accommodation/Bank Quarter as a leased accommodation.
  • Allowance for OPD treatment (Non hospitalization)
  • Dearness Allowance
  • City Compensatory Allowance(CCA)
  • Medical Insurance- 100 percent coverage for the employee and 75 percent coverage for the dependent.
  • Furniture Allowance
  • Leave Fare Concession Travel (LFC)
  • Petrol allowance
  • Loan Benefits-Officers can get credits and advances at a substantially less expensive rate for Housing, Vehicle, and Computers and so on and according to the bank’s policies.
  • Education allowances:- Selected officers will receive education allowances for their family. The Annual reimbursements of education allowances are up to Rs. 4000/per month.
IDBI Bank Assistant Manager Salary In Hand 
  • The gross salary at the metro city is Rs.60000/- p.m. (approx.).
IDBI Bank Assistant Manager Annual Package
  • The minimum cost to company (CTC) 7.2 lakhs and maximum CTC is 9.6 lakhs. The variation totally depends on the place of posting
IDBI Bank Assistant Manager Job Profile
  • Customer services: Most important work of any officer in the bank is to handle customers and provide a solution to their queries. It can be related to any of banking service like document requirement, account statement, issuing cheque books, ATM cards, and opening new accounts, etc.
  • Creating Business– Includes activities like promoting banking products, New Account opening, selling Insurance, etc. Promoting various products and services of the bank and its partners such as fixed deposits, mutual funds, insurance policies, etc
  • Branch-specific roles: The role of an Assistant Manager totally depends on the scale of the branch operations. In a small branch, the Assistant Manager has to deal with the various range of tasks like cash, operations, sales, etc whereas in bigger branches they have different specific roles.
  • Multitasker: Assistant Manager work includes all managerial tasks, such as supervision of clerical work, making decisions for the benefit of the bank, managing cash balance, etc.
  • Handling clerical jobs: All the clerical work is done under the supervision of Assistant Manager. They also manage all types of deposits and withdrawal of cash.
  • Financial Tasks: The major tasks include disbursing loans, interacting with customers to know their credit requirements, recovery of loans from defaulters and submitting reports to higher officials on the progress made.
IDBI Bank Assistant Manager Career Path
The Assistant Manager post is of a Grade A rank. After this, the person is eligible for promotion to various other senior management posts in the bank like

  • Manager (Grade B),
  • Assistant General Manager (Grade C), 
  • Assistant General Manager (Grade C),
  • Deputy General Manager (Grade D), 
  • General Manager (Grade E)
  •  Executive Director position before retirement.
IDBI Bank Assistant Manager Useful Article Read Also
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IDBI Bank Assistant Manager Syllabus 2023
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IDBI Bank Assistant Manager Exam 2023
Official Website 

IDBI Bank Assistant Manager Salary 2023 FAQs

Question- What is the starting basic salary of IDBI Bank Assistant Manager?

Answer- The starting basic salary of IDBI Bank Assistant Manager is 23700/-

Question- What is the status of leave in IDBI Bank Assistant Manager JOB?

Answer- The leave is according to government and banks norms as like other government job.

Question- What is the in hand salary of IDBI Bank Assistant Manager?

Answer- The in hand salary of IDBI Bank Assistant Manager is around 60k based on place of posting.

Birm Gehlot

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