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IDBI Executive - SPLessons
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IDBI Executive Salary and Perks

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IDBI Executive Salary and Perks

shape Introduction

IDBI Executive receives a dignified salary and there are no other allowances. Everything is included in payslip which is taxable, no furniture allowance, no newspaper allowance, etc. The candidates will get a chance to write promotion exam after 5 years. IDBI Executive Salary and Perks section covers the details about the PayScale and the other allowances & perks of an IDBI Executive Job post.

shape Salary

Emoluments, Career prospects and Service Condition:
  1. The appointment of Executive will be on contractual basis.

  2. The contract would be initially for a period of 1 year and this may be reviewed for extension on year-to year basis for a further period of 2 years, subject to satisfactory performance, completion of assigned mandatory e-learning certifications and availability of vacancies.

  3. On successful completion of a period of 3 years of contractual service, such appointees may become eligible for appointment as Assistant Manager (Grade A) in IDBI Bank through a selection process that would be conducted by IDBI Bank.

  4. The Executive will be paid a lump sum/fixed remuneration as per the following:
    • 1st Year - Rs.17,000 per month.
    • 2nd Year - Rs.18,500 per month.
    • 3rd Year - Rs.20,000 per month.

  5. During the contractual period, the applicants can be posted at any branch or offices of the Bank as per the discretion and requirements of the Bank.
  6. Applicants could also be posted at IDBI Bank's discretion, to any offices of IDBI Bank or the departments or offices or business units of IDBI Bank's subsidiaries or associate institutions.
  7. The appointment being purely contractual in nature, the appointee shall not be entitled for any superannuation benefits whatsoever. Also, appointee shall not be entitled for any gratuity and provident fund benefits.
  8. However the Executives would be covered under IBLNPS Rules, 2011.
  9. The contractual period of service would not be counted for any superannuation/ terminal benefits, in case, the appointee is considered for appointment in the services of IDBI Bank as a regular full time employee at a later stage.
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