IDBI Bank Executive Salary 2023: Check Remuneration Details

IDBI Bank Executive Salary 2023: The Industrial Development Bank of India (IDBI) conducts recruitment for hiring Executives on a contractual basis. Furthermore, IDBI offers lucrative salaries and benefits for the post of Executive. The bank releases the salary details along with the official notification, and interested candidates can check the same online on the official website, i.e., idbibank.in.

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*Steps to take mock tests are mentioned below in this article.

IDBI is one of the fastest-growing banks in the world with more than 20,000 employees. The bank hires Executives for an initial contract period of one year. However, the contract may be extended to three years depending on candidates’ performance and other criteria. The fixed salary of an IDBI Executive is Rs. 29,000 per month for the first year. Furthermore, as the post is contractual in nature, Executives are not eligible for allowances such as DA, HRA, etc. Read on to find out more.

IDBI Bank Executive Salary Structure 2023

As mentioned earlier, the IDBI Bank Executive will be hired for a period of one year. Furthermore, the bank may further extend the contract on a year-to-year basis for a period of two years. The extension of the contract is purely based on candidates’ satisfactory performance, completion of assigned mandatory e-certifications, availability of vacancies at the relevant point in time, and any other criteria.

Candidates should note that as the post is on a contractual basis, the bank has fixed the salary of an Executive. Aspirants interested to apply for the post can check the detailed lump sum/ fixed salary of an Executive below:

An IDBI Bank Executive will get a lump sum/ fixed remuneration of Rs. 29,000/- per month.
In the second year of service as an Executive, a person will get a lump sum/ fixed remuneration of Rs. 31,000 per month.
In the third year of service, an Executive will be eligible for a lump sum/ fixed remuneration of Rs. 34,000 per month.

IDBI Executive Job Profile & Responsibilities

After selection as IDBI Executive, a candidate can be offered any one of the following two job profiles:

Job Profile	Job Responsibilities
Customer Service Executive (CSE)	Aspirants will have to handle the front desk. A CSE has to deal with operations such as carrying out all non-financial requests, like contact details updating, sol change, cheque clearance, transfer of funds, clearing of bank suspense accounts at EOD, etc. This Job profile also includes the work of assisting the Assistant Manager.
Teller Service Executive (TSE)	A teller service executive has the job responsibilities same as a Bank Cashier. The candidate is responsible for handling the Teller counter.

How To Attempt IDBI Bank Executive Mock Tests at Embibe?

Candidates can follow the steps mentioned below to take mock tests on the IDBI Bank Executive exam:

1st Step: Visit Embibe’s official website, i.e., embibe.com.
2nd Step: Use the mobile number/email to log in.
3rd Step: Click on the menu bar “Getting a Government Job”
4th Step: Select the Goal “Banking” from the Dropdown and click on “Next”.
5th Step: Search and Select “IDBI Bank Executive” on the search bar and click on “Next”.
6th Step: Select the preferred language and click on “Done”.
7th Step: Click “Test” from the Header Section.
8th Step: Scroll down to the “Subjects” section.
9th Step: Click on any IDBI Bank Executive subjects.
10th Step: Scroll down to click on the chapters from the selected subject to begin the test.

IDBI Executive Career Growth

On successful completion of three years of contractual service, an IDBI Bank Executive is eligible for Assistant Manager (Grade A) post. However, to get an appointment as an Assistant Manager, they have to go through a selection process conducted by IDBI. Furthermore, the appointment also depends on the availability of vacancies at the relevant point in time.

IDBI Executive Benefits

The bank appoints Executives purely on a contractual basis. Thus, appointees are not entitled to draw any
allowances such as DA, HRA, etc. Furthermore, they are also not entitled to get gratuity and provident funds. However, there are certain benefits that an Executive can avail of. The following are the benefits that candidates will get after joining as an IDBI Bank Executive:

Scope for individual growth
Comfortable working hours
Extensive traveling
A significant number of leaves
Job security
Good pay scale
Easy loan facilities at low-interest rates
Job satisfaction
Medical reimbursement
Retirement plans
A strong and relaxed working environment
Promotion chances
Further compensation on procuring, journey, and education

Also, check:

IDBI Bank Executive Detailed Info	IDBI Executive Vacancy
IDBI Bank Executive Application Form	IDBI Bank Executive Exam Pattern
IDBI Bank Executive Study Material	IDBI Bank Executive Mock Tests
IDBI Bank Executive Admit Card	IDBI Executive Cut-off

FAQs on IDBI Bank Executive Salary 2023

Candidates can find some commonly asked questions related to the IDBI Executive salary structure and their answers below:

Q: How much is the IDBI Bank Executive salary?

Ans: The IDBI Bank Executive gets a fixed lump sum remuneration of Rs. 29,000 per month in the first year.

Q: How much is the salary of an IDBI Executive in the second and third years?

Ans: The fixed remuneration of Executives in the second and third years is Rs. 31,000 and Rs. 34,000 per month.

Q: Is the IDBI Bank Executive job permanent?

Ans: No. The bank hires IDBI Bank Executives on a contractual basis for a period of one year. However, the contract may be extended up to three years depending on the performance and other criteria.

Q: Is an IDBI Bank Executive eligible for career growth?

Ans: Yes. On successful completion of three years of service, Executives are eligible to apply for Assistant Manager (Grade A) posts.

Q: Does an IDBI Bank Executive gets allowances?

Ans: No. As the post is purely contractual basis, IDBI Bank Executives are not entitled to get allowances such as HRA, DA, etc.

We hope this article on the IDBI Bank Executive Salary 2023 is helpful. In case of any queries, check our website or download our app. Stay tuned to embibe.com for the latest news and updates.