A career as a SEBI (Securities and Exchange Board of India) Grade A officer provides both the potential to contribute to India’s financial markets and a competitive salary package. Understanding the wage structure linked to this position might be a decisive factor for many potential candidates. This study digs into the potential earnings you could expect as a SEBI Grade A officer in 2024, allowing you to make informed decisions about your future.
SEBI Grade A Salary 2024
The revised SEBI Grade A salary will be effective November 1, 2017. All selected personnel serve a two-year probation period and are compensated with an initial basic pay of Rs. 44,500/-. The table below contains all of the information you need regarding the SEBI Grade A salary structure.
| SEBI Grade A Salary 2024 | |
| 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) |
SEBI Grade A Inhand Salary
Following the release of the SEBI Grade A results, a candidate can anticipate receiving a fair wage for this position. SEBI Grade A salaries range from Rs. 1,06,000 with accommodation to Rs. 1,40,500 without lodging. The breakdown of this remuneration has not been specified and will be provided to selected candidates with their official job letter.
SEBI Grade A Allowances
A SEBI Grade A Assistant Manager will receive all allowances and perks in accordance with government guidelines for SEBI. The allowances listed are:
- Dearness Allowance
- Family Allowance
- Local Allowance,
- Special Allowance
- Grade Allowance
- Personal Fixed Allowance
- Special Compensatory Allowance
- City Compensatory Allowance
- Learning Allowance
- Housing Rent Allowance
SEBI Grade A Job Responsibilities
Candidates selected for SEBI Grade A as assistant managers would be required to fulfill a variety of work functions. This is why the board maintains tight SEBI Grade A eligibility criteria. Though a candidate would be assigned to several departments following selection, some of the job tasks are outlined here. Below are some of the important elements of the work description done by an assistant manager.
- Approval of stock market bylaws.
- Amendments to the Stock Market Bylaws.
- Inspection of stock exchange accounts and individual players.
- Detect and prosecute any malpractice that occurs within the financial markets.
- Take steps to improve investors’ knowledge of the capital markets.
- Protection Trade Suspension on a Stock Exchange.
- Granting and withholding stock market recognition.
SEBI Grade A Job Growth
SEBI Grade A Assistant Manager is an entry-level position within SEBI. A candidate advances from Grade B, Grade C, Grade D, Grade E, and Grade F to the position of Executive Director. Furthermore, the Executive Director may be promoted to the position of Chairman. Promotions are contingent on the availability of jobs, opportunities, operational tasks, etc. However, it will take at least 5–6 years to advance from one position to another.
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