IDBI Executive Salary: The Industrial Development Bank of India is one of the world’s fastest-growing banks, with more than 20,000 workers. Employees at IDBI Bank have a wonderful experience and a promising future. IDBI publishes a notice for the hiring of IDBI Executives. Candidates for the position will be hired on a contractual basis, with an initial contract duration of one year. Depending on the applicants’ performance, the contract might be extended to three years. For the first year after being hired as an Executive, the IDBI Executive Salary would be Rs 22,000/- per month.
IDBI Executive Salary Overview
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Organisation |
Industrial Development Bank of India |
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Name of the Post |
IDBI Executive |
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No of Vacancies |
To Be Updated |
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Job Category |
Banking |
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Exam Date |
To Be Notified |
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Category |
PAN India |
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Selection Process |
Online Test |
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Category |
IDBI Executive Salary |
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Official Website |
IDBI Executive Salary: Year Wise
The following is the pay structure. Each of the three years of the contract duration is different.
First-year – An executive would be paid Rs.22,000/- per month for the first year.
Second Year – During the second year of an executive’s work, a person will be paid Rs.24,000/- per month.
Third Year – An executive would be entitled for a monthly salary of Rs.27000/ in the third year of the contract duration.
IDBI Executive Salary: Allowances and Perks
- Because this is a contract position, an executive is not entitled to any benefits such as Dearness Allowance or House Rent Allowance.
- In addition, throughout the whole three-year term, an executive will not get any superannuation or Terminal Benefits.
- No gratuity or provident fund benefits are available to IDBI executives.
IDBI Executive Job Profile
A candidate might be awarded one of two job profiles after being selected as an executive.
- Customer service executive (CSE) – The front desk is the responsibility of a customer service executive. A CSE is responsible for tasks like as check clearing, updating contact/address information, and clearing bank suspense accounts at the end of the day. A CSE has sales objectives as well. Assisting the Assistant Manager is also part of this job description.
- Teller Service Executive (TSE) – A teller service executive works in the same capacity as a bank cashier. He or she is in charge of the teller’s counter.
Contractual Period: IDBI Executive 2021
The applicants for executive positions at IDBI Bank are chosen on a contractual basis.
- The contract will be for a year at the beginning.
- If your first year’s performance is satisfactory, this contract may be renewed for two more years on a year-to-year basis.
- Every year, your performance will be evaluated. This implies that your continued employment at the bank will be completely contingent on your performance.
- Following the end of the three-year contractual period, the executive’s performance will be assessed again, and if satisfactory, he or she may be promoted to Assistant Manager.
- This promotion will be based on an internal test or any other form of IDBI Bank’s selection procedure.
- Your performance during the previous three years, as well as your Performance Appraisal Report, are important factors in your advancement to Assistant Manager.
Other Important Links
IDBI Executive Recruitment 2021
IDBI Executive Officer Exam Pattern
IDBI Executive Application form
Previous Year Paper of IDBI Executive
IDBI Executive Exam Preparation Tips
We have covered everything related to IDBI Executive Salary 2021. If you have any doubts related to the IDBI Exam, feel free to ask any queries in the comment section below.
FAQs for IDBI Executive Salary
What is the IDBI Executive Salary for the duration of the contract?
An IDBI Executive Salary fluctuates depending on the length of the contract. With each extended year, it varies as follows:
– Rs 22000/- each month for the first year
– Rs 24000/- per month in the second year
– Rs 27000/- per month in the third year
What is required of an IDBI Executive in terms of education?
To be considered for the position of IDBI Executive, a candidate must be a graduate.
Is it possible to take the IDBI Executive 2021 Exam in Hindi?
Yes, the IDBI Executive 2021 Exam is available in both Hindi & English. Except in the English Language area, you can pick between Hindi and English as your chosen language.
Is there a minimum age requirement for the IDBI Executive position?
Candidates must be at least 20 years old and no older than 25 years old.
Is it possible for students in their last year of graduation to apply for any of the IDBI Executive 2021 Recruitment positions?
Yes. Those in their last year of study/semester may also apply provisionally, with the caveat that if they are summoned for Document Verification, they must provide proof of passing their graduation test.
Is the executive position at IDBI permanent?
No, it’s a contract position. Depending on your performance, your contract may be renewed for another three years.