SIDBI Recruitment 2024 is open for 72 Grade A and B positions. Apply online by December 2, 2024, through SIDBI’s official website. Find eligibility criteria, important dates, application details, and more for SIDBI jobs.

The Small Industries Development Bank of India (SIDBI) has opened its 2024 recruitment drive, offering 72 vacancies for Grade A (Assistant Manager) and Grade B (Manager) positions in both the General and Specialist Streams. As one of India’s key financial institutions supporting micro, small, and medium enterprises (MSMEs), SIDBI presents an exciting opportunity for professionals to build a career in development banking and contribute to economic growth. This post provides a complete guide to SIDBI Recruitment 2024, including eligibility criteria, application steps, exam details, and salary structure.

SIDBI Recruitment 2024

SIDBI’s recruitment drive for 2024 offers opportunities for Grade A (Assistant Manager) and Grade B (Manager) roles. Both roles require qualified candidates with experience in areas such as finance, law, and IT. Applicants will undergo a three-stage selection process: two examination phases and an interview round. Applications are only accepted online, and the deadline for submission is December 2, 2024.

Recruitment Overview

Important Dates for SIDBI Recruitment

Take note of the key dates for SIDBI’s 2024 recruitment drive to ensure you stay on track with your application.

Mark these dates on your calendar to avoid missing any important steps in the recruitment process.

Eligibility Criteria

SIDBI’s eligibility criteria vary depending on the role. The requirements include age limits, educational qualifications, and professional experience.

Age Limits

Note: Age relaxations apply for certain categories as per government regulations.

Educational Qualifications and Work Experience

Grade A (Assistant Manager)

• Education: Graduation in Commerce, Economics, Mathematics, Engineering, or related fields with a minimum of 60% marks (50% for SC/ST/PwBD candidates). Professional qualifications like CA, CS, CFA, CMA, or a full-time MBA/PGDM are also accepted.
• Experience: At least 2 years in finance, credit, or MSME-related sectors. Candidates holding a CA or MBA/PGDM do not need prior experience.

Grade B (Manager) General Stream

• Education: Graduation with 60% marks or post-graduation with 55% marks (relaxation available for reserved categories).
• Experience: A minimum of 5 years in a financial institution, preferably in positions like officer or manager, with experience in banking operations or financial analysis.

Grade B (Manager) Legal Stream

• Education: Bachelor’s degree in Law from a recognized university with at least 50% marks (45% for SC/ST/PwBD). Registration with the Bar Council of India is required.
• Experience: At least 5 years of full-time experience as a law officer in a recognized institution, such as a commercial bank, financial regulatory body, or CPSE. Proficiency in corporate law, labor law, and banking law is preferred.

Grade B (Manager) IT Stream

• Education: Bachelor’s in Computer Science, IT, or related fields. Preferred certifications include AI/ML, Full Stack Development, CISSP, CISM, and CEH.
• Experience: Minimum of 5 years in an IT role, ideally in financial institutions or tech companies. Candidates should have a focus on areas such as AI, web development, IT security, and infrastructure management.

Application Process

To apply for SIDBI Recruitment 2024, follow these steps carefully:

1. Visit SIDBI’s Website: Go to sidbi.in and navigate to the “Careers” section or Check below for direct Links.
2. Begin Registration: Select the recruitment link for Grade A or Grade B and register with your basic information.
3. Fill in the Application Form: Log in with the registration credentials and complete the form by entering your personal, educational, and professional details.
4. Upload Documents: Upload scanned copies of necessary documents, including a recent passport-sized photo and your signature.
5. Fee Payment: Pay the application fee based on your category. Use a valid debit card, credit card, or net banking.

Make sure to submit your application and fee payment by December 2, 2024. Applications are only accepted online, and incomplete submissions will be rejected.

Important Links:

Notification Pdf

Apply Link

Official Website

Selection Process

SIDBI’s recruitment selection process includes three stages designed to evaluate both technical knowledge and overall suitability for the role. Here is a breakdown of each stage:

1. Phase I Examination: This preliminary test is common for all candidates and serves as the initial screening.
2. Phase II Examination: This is a subject-specific test focusing on the candidate’s chosen stream (General, Legal, or IT).
3. Interview: Shortlisted candidates from Phase II are invited for an interview, where the final selection is based on overall performance.

Exam Pattern and Syllabus

The SIDBI recruitment exams include several sections covering general and stream-specific knowledge. Here’s an overview of the exam structure:

Note: There is a negative marking of 0.25 points for each incorrect answer.

Salary and Benefits

SIDBI offers competitive salaries and a comprehensive benefits package, which includes housing, health insurance, and other allowances. Here’s a look at the salary structure for Grade A and Grade B positions:

Both roles come with additional benefits, including:

• House Rent Allowance (HRA): Based on the employee’s location and posting.
• Dearness Allowance (DA): Adjusted periodically according to government standards.
• Medical Benefits: Coverage for employees and eligible dependents.
• Retirement Benefits: Includes pension and gratuity options.

The approximate annual package ranges from ₹19 to ₹21 lakh for Grade A and ₹23.5 to ₹26 lakh for Grade B, depending on the location of posting.

Admit Card and Result Information

SIDBI will issue admit cards approximately 10 to 15 days before each examination phase. Candidates must download the admit card from the official website, as SIDBI will not send hard copies or email notifications. Carrying the admit card to the exam center is mandatory, and it should be accompanied by valid photo identification. The results for each stage will be announced on the official website following the examination, and candidates are advised to check the site regularly for updates.

FAQs

**1. How many positions are open in SIDBI Recruitment

2024?**

• A total of 72 vacancies are available for Grade A and Grade B positions.

2. What is the deadline for SIDBI applications?

• Applications must be submitted online by December 2, 2024.

3. What is the selection process for SIDBI Grade A and B posts?

• The selection process includes a Phase I Exam, Phase II Exam, and an interview round.

4. What is the salary range for Grade A and Grade B officers?

• The monthly salary is approximately ₹1,00,000 for Grade A and ₹1,15,000 for Grade B, depending on the posting location.

5. Is SIDBI a government bank?

• Yes, SIDBI is a government-owned financial institution that promotes and develops MSMEs.

Disclaimer

This information is provided for reference only. All data is sourced from SIDBI’s official recruitment notification, and we do not charge any fees or provide job placement services.

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