Post Name : SEBI Grade A Salary 2024, Job Profile
Post Date : 06 February , 2024
Post Description : Several banking aspirants are interested in applying for SEBI Grade A posts under Securities and Exchange Board of India (SEBI) because of the lucrative SEBI Grade A Salary. Anyone who works as an Assistant Manager gets a handsome salary and is entitled to various perks and benefits that come along with the SEBI Grade A salary.
SEBI Grade A Salary 2024
Thorough knowledge about SEBI Grade A is very important as it not only creates doubts and confusion but also encourages and will give you the boost you need to crack the SEBI Class A exam. SEBI Grade A Salary plays an important role and is equally important along with other details and information. SEBI Grade A Salary, Job Profile, Promotion and Career Development are all important aspects to keep in mind while preparing for SEBI Grade A Exam.
Salary 2024 | |
---|---|
Organization | Securities And Exchange Board of India |
Exam Name | SEBI Grade A Recruitment 2024 |
Post | Officer Grade A (Assistant Manager) |
Selection Process | Phase I, Phase II, and Interview |
SEBI Grade A Gross Salary | Rs 1,54,000 to Rs 1,60,000 |
SEBI Grade A Pay Scale (Revised) | 44500-2500(4)54500-2850(7)-74450-EB-2850(4)-85850-3300(1)-89150(17 years) |
Official Website | SEBI |
Also Read : SEBI Grade A Syllabus 2024
SEBI Grade A Salary 2024
- In the first year, the basic salary of a SEBI Grade A officer is ₹44,500.
- These are annual increments of ₹42,500.
- So after five years, your basic salary will be ₹54,500.
- 6th to 12th . for service (7 years) your basic pay will be enhanced by ₹2850 per year.
- So at the end of 12th year of service your basic pay will be ₹74450.
- EB stands for Efficiency Bonus.
- The next 4 annual increments are ₹ 2,850. Hence the basic pay will be reduced to ₹ 85,850.
- Your next annual increase in basic pay will be ₹ 3,300. This means the basic salary would be ₹ 89,150 at the end of 17 years.
Salary Structure 2024 | |
---|---|
Particulars | Salary Structure |
Basic Pay | Rs. 44,500 |
Pay Scale | 44500-2500 (4)-54500-2850 (7)-74450-EB-2850(4)-85850-3300(1)-89150 (17 years) |
Increment | 4 stagnation increments |
Special Pay | Rs. 3300 (after completion of 1 year) |
Dearness Allowance | 30.38% of the basic pay |
Special Allowance | 16.4% of basic pay (minimum- Rs. 11,000) |
Family Allowance | Rs. 2850/- |
City Compensatory | 5% of basic pay (maximum- Rs.2500) |
Local Allowance | Rs. 3450 |
Learning Allowance | Rs. 2500 |
PFA | Rs. 3850 |
Grade Allowance | 14% of basic pay (minimum- Rs. 10,400) |
Special Compensatory Allowance | Rs. 500- Rs. 625 per month |
Perks and Allowances for SEBI Grade A Officers
Allowances:
- Dearness Allowance
- Family Allowance
- Local Allowance
- Special Allowance
- Grade Allowance
- Personal Fixed Allowance
- Special Compensatory Allowance
- City Compensatory Allowance
- Learning Allowance
- Housing Rent Allowance
Note: If SEBI provides accommodation, Housing Rent Allowance is not provided, but a small fee may be deducted from the salary.
Perquisites (Additional Benefits):
- Leave Fare Concession
- Medical Expenses
- Eye Refraction
- Conveyance Expenses
- Education Allowance
- Scheme for Purchasing Computers
- Financial Dailies
- Staff Furnishing Scheme
- Subsidized Lunch Facility, etc.
SEBI Grade A Career Growth (2024)
Training Officer:
- Selected candidates undergo a fixed Training Program typically held at SEBI Headquarters in Mumbai, Maharashtra.
Probation Period:
- SEBI Officers serve a probation period of 2 years from the time of joining.
- Successful completion leads to permanent employment as a SEBI Officer.
Bond Requirement:
- SEBI Recruitment does not impose any bond for a fixed period of employment.
Posting Locations:
- Upon selection, officers are posted at any of the Regional Offices of SEBI located throughout India, typically in major cities.
SEBI Job Profile 2024
There are various streams for which an A grade officer is selected. Each stream or department has a specific set of activities that you need to do. These functions and tasks will be explained to you after joining and also during training.
- Approving the laws of the stock exchanges.
- Modifying the rules of the stock exchanges.
- Inspecting the financial statements of the stock exchanges and various operators.
- Identifying and investigating possible abuses of the securities market.
- Steps to be taken to increase investors’ knowledge of the securities market.
- Suspension of securities trading in the stock exchange
- Recognition of the stock exchange issuance and revocation.