The Small Industries Development Bank of India (SIDBI) has announced a recruitment notification for 72 vacancies for Grade A (Assistant Manager) and Grade B (Manager) positions. The notification invites applications from eligible candidates who are interested in building a career with a prestigious financial institution dedicated to fostering entrepreneurship and supporting small and medium enterprises (SMEs) in India.
Important Dates
The important dates for the SIDBI Grade A and Grade B Recruitment 2024 are as follows:
- The online application process begins on 8th November 2024.
- The last date to apply online and make payment is 2nd December 2024.
- The Phase I Online Examination is tentatively scheduled for 22nd December 2024.
- The Phase II Online Examination is tentatively scheduled for 19th January 2025.
Application Fees
The application fees for the SIDBI recruitment process are as follows:
- General, OBC, and EWS Candidates: ₹1,100 (covers both the application fee and intimation charges).
- SC/ST/PWBD Candidates: ₹175 (only for intimation charges).
- SIDBI Staff Candidates: No fee required.
Candidates should refer to the official notification for any updates or changes regarding the application fees.
Vacancy Details
The recruitment includes a total of 72 vacancies across various roles:
- Assistant Manager Grade A (General Stream): 50 vacancies
- Manager Grade B (General Stream): 10 vacancies
- Manager Grade B (Legal Stream): 6 vacancies
- Manager Grade B (Information Technology Stream): 6 vacancies
Eligibility Criteria
Educational Qualifications
- Assistant Manager Grade A (General Stream):
Candidates should possess a degree in a relevant field or hold professional qualifications like CS, CMA, ICWA, CFA, CA, or an MBA/PGDM in any discipline. - Manager Grade B (General Stream):
Applicants must have a Bachelor’s or Postgraduate degree in any field. - Manager Grade B (Legal Stream):
A degree in Law (LLB) is required for candidates applying in this stream. - Manager Grade B (Information Technology Stream):
Candidates should have an Engineering/Technology degree in a relevant area or a Master’s degree in Computer Applications (MCA).
Age Limits
- Assistant Manager Grade A:
Candidates must be between 21 and 30 years old as of 8th November 2024. - Manager Grade B (All Streams):
Candidates must be between 25 and 33 years old as of 8th November 2024.
Age relaxations are available for candidates from reserved categories as per government guidelines.
Pay Scale
- Assistant Manager Grade A:
The estimated monthly CTC for this position is approximately ₹1,00,000/-. The starting pay scale is ₹44,500, with increments based on experience and promotions. - Manager Grade B:
The estimated monthly CTC for this role is around ₹1,15,000/-. The initial pay scale begins at ₹55,200, with regular increases through experience and promotions.
Selection Process
The selection procedure for SIDBI’s Grade A and Grade B recruitment consists of three key stages:
- Online Examination (Phase I):
The first phase of the online exam will take place on 22nd December 2024. This phase will test candidates on general knowledge, reasoning skills, and quantitative aptitude. - Online Examination (Phase II):
Candidates who succeed in Phase I will progress to Phase II, scheduled for 19th January 2025. This phase will focus on assessing candidates’ professional knowledge relevant to their chosen positions. - Interview:
Those shortlisted after Phase II will be invited for the final interview. The interview will assess candidates’ technical proficiency, work experience, and overall fit for the role.