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IDBI Bank Salary | 2023 Pay Scale, Assistant Manager/PO Salary Per Month

IDBI Bank Salary

IDBI Bank is known as Industrial Development bank of India. This Bank is one of India’s largest commercial Banks which offers various benefits along with IDBI Bank Salaries 2023 to their employees.

Individuals who are going to apply for IDBI Bank Recruitment to secure their career in banking sector can check IDBI Bank Pay Scale of Assistant Manager, PO Salary per Month from here.


IDBI Bank Salary | 2023 Pay Scale, Assistant Manager/PO Salary Per Month

IDBI Bank Salaries in India:

Designation Average Salary Yearly
IDBI Bank Assistant Manager Salary Per MonthExperience: 2 – 10 yrs (611 Salaries) 8,50,000/year (5.7L/yr – 12.0L/yr)
Sales ExecutiveExperience: 0 – 6 yrs (358 Salaries) 2,20,000/year (1.2L/yr – 3.0L/yr)
Assistant General ManagerExperience: 10 – 19 yrs (271 Salaries) 18,40,000/year (13.0L/yr – 25.0L/yr)
Senior Sales ExecutiveExperience: 1 – 9 yrs (164 Salaries) 2,40,000/year (1.8L/yr – 3.2L/yr)
Branch HeadExperience: 8 – 17 yrs (98 Salaries) 14,10,000/year (11.0L/yr – 19.2L/yr)
Sales ManagerExperience: 2 – 12 yrs (85 Salaries) 2,80,000/year (2.0L/yr – 4.2L/yr)
Deputy General ManagerExperience: 15 – 26 yrs (77 Salaries) 24,60,000/year (18.0L/yr – 34.0L/yr)
Branch ManagerExperience: 8 – 16 yrs (60 Salaries) 13,20,000/year (10.0L/yr – 18.0L/yr)
Relationship ManagerExperience: 3 – 14 yrs (57 Salaries) 10,30,000/year (3.5L/yr – 16.0L/yr)
Back Office Executive (IDBI Bank Executive Salary)Experience: 1 – 10 yrs (57 Salaries) 2,20,000/year (1.0L/yr – 3.2L/yr)

IDBI Bank PO Salary:

Basic Salary 14400
DA 17035
NPS Basic Bank 1440
NPS DA Bank 1704
HRA 1872
Grade Allowances 2425
Conveyance 4077
Mobile bill 60
Total 43553 before deduction in semi-urban areas.
Deduction (1440 + 1704)*2 = 6288 (in NPS)
IDBI Bank in-Hand Salary Rs. 37265/- (Rural + Semi-urban)

Average Salary of IDBI Bank Ltd. Employees in India is Rs.793,367 a year.

IDBI Bank Salaries

IDBI Bank is considered as one of the leading banks. Because of its high brand value, most of candidates wish to know about IDBI Bank Salary like IDBI Bank Probationary Officer Salary, IDBI bank assistant manager monthly salary / IDBI Bank Salary for Freshers etc. Below we have mentioned the assorted pay scale beginning from the Post of Assistant Manager Grade A to Post of Executive Director in IDBI bank.

Management Average Salary Salary Distribution
Assistant General Manager Rs. 35,039 per month Rs. 8,900 – Rs. 86,000
Deputy Manager Rs. 29,094 per month Rs. 8,900 – Rs. 86,000
Assistant Manager Rs. 7,13,343 per year Rs. 1,06,800 – Rs. 10,32,000
Customer Service Representative Rs. 11,215 per month Rs. 8,000 – Rs. 31,000
Customer Relations Representative Rs. 16,826 per month Rs. 8,000 – Rs. 31,000
Customer Service Manager Rs. 22,362 per month Rs. 8,000 – Rs. 31,000
Sales Executive Rs. 2,03,852 per year Rs. 97,000 – Rs. 4,76,000
Relationship Manager Rs. 3,03,337 per year Rs. 97,000 – Rs. 4,76,000
Sales Manager Rs. 2,09,746 per year Rs. 97,000 – Rs. 4,76,000
Senior Business Development Officer Rs. 15,135 per month Min and max salaries are hidden when we have fewer than 5 salaries
Sales Representative Rs. 14,492 per month Min and max salaries are hidden when we have fewer than 5 salaries
Executive Officer Rs. 1,87,346 per year Rs. 96,000 – Rs. 2,76,000
Back Office Executive Rs. 13,834 per month Rs. 8,000 – Rs. 23,000
Cashier Rs. 1,80,000 per year Rs. 97,000 – Rs. 2,70,000
Marketer Rs. 12,000 per month Min and max salaries are hidden when we have fewer than 5 salaries

Check More Links Related To IDBI Bank

Exam Syllabus Details
IDBI Bank Recruitment Details
IDBI Bank Official Website Link

About IDBI Bank:

IDBI Bank Ltd. is a worldwide Bank with its services driven by a callous edge core Banking IT services. The Bank offers adapted banking and monetary solutions to its clients in area of trade and commercial banking through its huge network of Branches and ATMs, extend athwart length and breadth of India.

IDBI Bank is the youngest public sector worldwide bank that intends to offer personalized banking and fiscal solutions to its customers. The Bank had a cumulative Balance sheet having size of Rs.3, 56,031 crore as well as entire business of Rs.4, 68,213 crore.

IDBI Bank Assistant Manager Salaries:

Post name Payscale per month
Assistant Manager Gr. A Rs. 14400-40900/-
Manager Gr. B Rs. 19000-43500/-
Assistant General Manager – Gr. C Rs. 25700-47400/-
Deputy General Manager Gr. D Rs. 33600-53900/-
General Manager Gr. E Rs. 36200-58400/-
Chief General Manager Gr. F Rs. 45000-64000/-
Executive Director Rs. 57500-64700/-

Check Details Of: How to Get Bank Jobs

IDBI Bank Salary Package:

Below table provides information about average, minimum and maximum payscale of banking positions:

Post name Average Pay scale Minimum Salary
Assistant Manager Rs. 35,091/- 14k
Manager Rs. 7,90,000/- 650k
Executive Rs. 12,500/- 12k
Assistant General Manager Rs. 85,976/- 67k
Relationship Manager Rs.5,85,562 543k
Business Development Officer NA 11k

Post name Maximum Salary
Assistant Manager 50k
Manager 1M
Executive 14k
Assistant General Manager 105k
Relationship Manager 628k
Business Development Officer 12k

Check Also: Bank Salary

Benefits of Bank Jobs:

In India, a bank job is regarded as one of the best job opportunity and therefore people from different educational backgrounds and diverse interests desire to get a bank job. Some of the benefits of bank jobs are:

  • Comfortable working hours
  • Significant number of leaves
  • Good payscale
  • Easy loan facilities at low interest rates
  • Medical reimbursement
  • Retirement plans
  • A strong and relaxed working environment
  • Further compensations on procure, journey and education

IDBI Bank PO Salary And Perks:

Probationary Officer Salaries at IDBI Bank can range from Rs.13, 777-Rs. 15,090. This estimate is based upon 1 IDBI Bank Probationary Officer salary report(s) provided by employees or estimated based upon statistical methods.

IDBI bank PO salary in hand

  • Basic : 14400
  • DA: 17035
  • NPS Basic Bank: 1440
  • NPS DA Bank: 1704
  • HRA: 1872
  • Grade Allowances: 2425
  • Conveyance : 4077
  • Mobile bill: 600
  • TOTAL= 43553 before deduction in semi urban areas.
  • Deduction: (1440 + 1704)*2 = 6288 (in ur NPS)
  • In Hand salary = Rs 37265/- (Rural + Semiurban)

You Can Also Check: Jobs As Per Your Qualification

IDBI Bank PO Facilities:

Apart from these if you’re in area where population is above 5 lakh then you will get salary approx 40k in hand, plus lease amount of approx 10k in which your HRA is deducted.

You will get lunch everyday provided by bank for this you have to pay 600/- monthly as a Lounge fee.

  • LFC- 12500 every year.
  • Medical 2500 every year.
  • Vehicle insurance free.

Some extra benefits:

  • Halting of 500/- per day if on a tour or training.
  • VOF facilities were provided in major cities you can stay there by paying only Rs 10/- per day for full furnished room.
  • All official travel is by 2AC to AMs.
  • Holiday Homes etc.

IDBI Bank Salary /Pay Scale After Wage Revision:

The wage revision for employees and officers of IDBI Bank is due from November 1, 2012. Here, we have listed PO Salary Structure Allowances, After Wage Revision, so contenders can scroll down home page and have a look once.

Employees in IDBI Bank are also admissible for various benefits and perks including Dearness Allowances, House Rent Allowances, Travelling Allowances Travelling Allowances, Medical Benefits, Bonus and Provident Funds & others.

Get Here: Upcoming Bank Jobs

IDBI Bank Perks & IDBI Bank Employees Benefits:

Along with IDBI Bank Salary, employees also get perks & other benefits. Employees in bank also get Allowances, Medical Benefits, Bonus, Travelling Allowances, Dearness Allowances, House Rent Allowance & others.

Besides IDBI bank salary and perks, those who perform well in bank also get promoted to higher levels within time. For this, you need to undergo selection process of bank which includes test or interview.

Read Here:

IDBI Assistant Manager Career Growth

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

  • IDBI Assistant Manager (Grade A)
  • Manager (Grade B)
  • Assistant General Manager (Grade C)
  • Assistant General Manager (Grade D)
  • Deputy General Manager (Grade D)
  • General Manager (Grade E)
  • Chief General Manager (Grade F)
  • Executive Director

IDBI Assistant Manager Perks and Benefits 2023

Along with the Salary, the candidates will be getting other perks and benefits as per the norms of IDBI which includes DA, HRA, etc.

Dearness Allowance (DA) Based on the Consumer Price Index (CPI) which is refurbished every quarter. The DA is around 46% of the basic salary but can either increase or decrease depending on the inflation rate.
Accommodation Allowance This office is accessible instead of HRA. IDBI will give the official convenience as a rented convenience.
Medical Aid IDBI pays a fixed yearly add-up to meet clinical costs.
Travelling Allowance IDBI provides a fixed travelling allowance.
Newspaper Reimbursement The bank pays a fixed sum towards the expense of one paper consistently.

IDBI Bank Salary Structure:

The largest commercial Bank of India is Industrial Development bank of India. It offers high IDBI Bank Salaries to employees with various benefits and perks including Dearness Allowances, House Rent Allowances etc. Before applying for any job, candidates must know about its salary package. Bank PO aspirants show some different interest towards IDBI Bank Jobs due to its exclusive profile in comparison to other public sector banks.

Unlike other major nationalized banks, the IDBI Bank has distinct business segments such as Personal Banking, Corporate Banking, Agriculture Finance, Medium and SME Business segment. On this page we have given IDBI Bank Salaries. So, those who are going to apply for IDBI Bank Jobs must go through this entire page and get Pay Scale details of Assistant Manager/PO and others Job profiles.

Final Words:

We hope, candidates are satisfied with the information given by us regarding IDBI Bank Salaries. But still, if you have any doubt or confusion regarding IDBI bank PO salary pay scale then you may ask it in comment box below given. Our expert team will definitely solve your query ASAP.

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