IDBI Executive Salary 2024: Pay Scale, Perks and Job Profile

IDBI Executive Notification 2024 has been released and the IDBI Executive Salary 2024 structure provides candidates with a clear view of the pay scale, job profile, and employment terms for those interested in joining IDBI Bank. IDBI has announced 1000 executive vacancies, candidates will earn a monthly salary of Rs. 29,000 in the first year, as per the 7th Pay Commission scale. This article covers details on the IDBI Executive salary structure, pay scale, allowances, and job profile.

IDBI Executive Salary 2024

The IDBI Executive Salary differs from year to year in the contractual period a year the salary increases from 29,000 to 31,000 per month. The detailed IDBI Salary structure along with benefits and perks is mentioned below.

IDBI Executive 2024 Salary Structure

According to the IDBI Executive Recruitment 2024, individuals who complete a 3-year contract can become eligible for a permanent position as an IDBI Executive. In the first year, the salary will be Rs. 29,000, increasing to Rs. 31,000 in the second year. During this contract period, Executives receive a fixed, lump-sum payment as per the IDBI Executive Salary Structure 2024. The Bank will handle the selection process for these appointments.

IDBI Executive Job Profile

IDBI Executives have several key responsibilities, including:

• Customer Service Executive (CSE): The CSE handles front desk operations, managing tasks such as processing non-financial requests (like updating customer details), fund transfers, check clearance, and clearing suspense accounts. This role also involves supporting the Assistant Manager with various tasks.
• Teller Service Executive (TSE): Similar to a bank cashier, the TSE is responsible for handling transactions at the Teller counter.

IDBI Executive Perks and Benefits

Candidates should be aware that the IDBI Executive position offers a good base salary but does not include extra allowances or benefits. Those selected will not receive benefits like pension, gratuity, or provident fund. The bank focuses on providing a solid base pay, allowing executives to gain practical experience without additional benefits.

IDBI Executive Career Growth And Promotion

IDBI Executive posts have wide growth and promotion. Candidates must check all the promotions which they will get in IDBI.

1. IDBI Assistant Manager (Grade A)
2. Manager (Grade B)
3. Assistant General Manager (Grade C)
4. Deputy General Manager (Grade D)
5. General Manager (Grade E)
6. Chief General Manager (Grade F)
7. Executive Director

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