SIDBI Bank Recruitment 2023-24: 50 Assistant Manager General Stream Vacancies

SIDBI Recruitment 2023-24 For Recruitment of Assistant Manager in Grade ‘A’ – General Stream: SIDBI (Small Industries Development Bank of India) is the Principal Financial Institution set up under an Act of Parliament for promotion, financing and development of MSME sector in India. With the recent announcement from SIDBI, there are a few vacancies of Assistant Manager in Grade ‘A’ – General Stream intended to be filled up through competent recruitment norms.

SIDBI Advertisement No 04/Grade A/2023-24

Name of the Vacancy Announced: Assistant Manager in Grade ‘A’ – General Stream

Number of Vacancies: Total 50 Vacancies

Important Dates:

Starting Date for On-line Registration/ Submission of Online Application08 November 2023
Last Date for On-line Registration/ Submission of Online Application28 November 2023
Last Date for Payment of Fee28 November 2023
Tentative Schedule of Group Discussion and Interview
December 2023/
January 2024

Academic Qualification: Candidates must possess Post-Graduation Degree in any discipline (Preferably from Commerce/ Economics/ Management subject) from an institute / University recognized by the University Grant
Commission (UGC)/ Central Government. OR

Possess Bachelors’ Degree in Law / Bachelors’ Degree in Engineering (Preferably Civil / Electrical / Mechanical). OR

CA / CS / CWA / CFA / CMA OR Ph.D. from Institutions recognized by GOI/UGC.

Age Considerations As on 08-November-2023: The candidates applying for these vacancies must not have exceeded the maximum of 30 years. Candidates born not earlier than November 09, 1993 are only eligible to apply. However, for candidates belonging to reserved categories as demarcated by the Government of India, the upper age limit will be relaxed based on the norms specified.

Selection Procedure: The selection is done in the mode of Psychometric Test, Group Discussion followed by a Personal Interview. Group Discussion and Interview shall be held at Lucknow, Mumbai, New Delhi, Chennai
and Kolkata.

Probation Period: The selected candidates would be on a probation for a period of two years which is extendable up to maximum four years at the discretion of the Bank.

Pay Scale and Stipendiary Provisions: The candidates successfully joining SIDBI will be eligible for remuneration in the scale of Rs. 44500 – 89150/- (17 years) as applicable for Grade-A service. Candidates will also be eligible for other allowances as per norms. The initial monthly emoluments at the time of induction will be approximately Rs. 90000 per month. As per the existing guidelines of the Bank, candidates having already qualified JAIIB/ CAIIB (prior to joining SIDBI) will be eligible to be considered for grant of one/ two advance increments in the pay scale subject to production of documentary evidence to the satisfaction of the Bank in this regard.

Application Fee:
For SC/ST/PwBD: Rs. 175/-
For All others including OBCs/ EWS and General Candidates: Rs. 1100/-
The candidates only have the option of remitting fees via ONLINE MODE where they can pay through Internet Banking/ Debit/ Credit Card by following the instructions.

How to Apply: Apply Online Here 
The interested candidates can apply through Online mode only through the website of the SIDBI at www.sidbi.in

The candidates should ensure that they fulfil all eligibility before applying. One must refer to official recruitment advertisement before applying for the same. The application form should be filled in accurately and should be verified before submission.

After completing the procedure of applying on-line including payment of fees, the candidate should take a printout of the system generated online application form, ensure the particulars filled in are accurate and retain it along with Registration Number and Password for future reference. The candidates should follow the Career section of the website of SIDBI at www.sidbi.in in regular intervals for updates and announcements.

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All candidates whether in Government Service or in Government owned undertaking or other similar organizations/ Corporations/ Boards/ Bodies or in private employments should forward his/ her application through his/ her Controlling Officer/ Employer for applying to SIDBI Bank Recruitment 2023-24: 50 Assistant Manager General Stream Vacancies 2023.

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