SEBI Grade A Salary 2024: Revised Pay Scale, Job Profile, and Perks

Know about SEBI Grade A Salary 2024, Revised Pay scale, Salary Structure, Job Profile and Career Growth related information shared in the Article.

SEBI Grade A Salary 2024

SEBI Grade A officers play a crucial role in maintaining the integrity and stability of the securities market in India. Given the responsibilities and importance of their role, it is only fitting that they receive an attractive salary package. In this article, we have provided information about the SEBI Grade A Salary for 2024, including the revised pay scale, job profile, and perks that come along with the position.

SEBI Grade A Salary Structure 2024

The Securities and Exchange Board of India (SEBI) has recently revised the pay scale for Grade A officers. The revised pay scale for SEBI Grade A Officers is as follows:

Description	Amount
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

It is important to note that these figures are based on the revised pay structure, which came into effect on 1st November 2017. The salary increment over the course of an officer’s career allows for steady income growth.

SEBI Grade A Revised Salary 2024

The SEBI Grade A salary has been revised for the year 2024. It is important for candidates who are applying or planning to apply for SEBI Grade A Recruitment to be aware of the revised pay scale and other details in terms of salary. The initial pay scale for SEBI Grade A Officers has been revised to Rs. 44,500/-, which was previously Rs. 28,150. The gross monthly salary for a SEBI Grade A officer is approximately Rs. 1,55,000 without accommodation, and Rs. 1,16,500 with accommodation. The salary structure for SEBI Grade A Officers includes various components such as basic pay, allowances, and benefits.

SEBI Grade A Perks and Allowances

In addition to the basic salary, SEBI Grade A officers are entitled to various perks and allowances. Some of the allowances provided by SEBI include  :

• Dearness Allowance
• Special Allowance
• Family Allowance
• City Compensatory Allowance
• Local Allowance
• Learning Allowance
• PFA (Personal Fixed Allowance)
• Grade Allowance
• Special Compensatory Allowance.
• Leave Fare Concession.
• Eye Refraction.
• Medical Expenses.

These allowances are designed to enhance the overall compensation provided to SEBI Grade A officers and make their employment more attractive.

Probation Period

After being selected as a SEBI Grade A officer, candidates are under probation for a duration of 2 years. During this period, the officers undergo training and are evaluated based on their performance. Upon successful completion of the probation period, the candidates become permanent officers of SEBI.

Annual Package

The annual package for SEBI Grade A officers varies based on the salary and allowances provided. The gross annual salary for a SEBI Grade A officer ranges from Rs. 18.6 lakhs to Rs. 19.2 lakhs approximately.

SEBI Grade A Salary After 5 years

The salary of a SEBI Grade A officer increases over time with annual increments and revision of pay scales. After 5 years of service, the basic pay of a SEBI Grade A officer will be Rs. 54,500  . The salary structure of a SEBI Grade A officer after 5 years is as follows  :

• 1st year: Basic salary of Rs. 44,500
• 2nd year: Increment of Rs. 2,500
• 3rd year: Increment of Rs. 2,500
• 4th year: Increment of Rs. 2,500
• 5th year: Increment of Rs. 2,500

Therefore, after 5 years, the basic pay will be Rs. 54,500.

Job Profile of SEBI Grade A Officers

SEBI Grade A officers have diverse responsibilities that span various roles in the organization. Each stream within SEBI Grade A has its own unique set of tasks and functions. Some of the common responsibilities of a SEBI Grade A officer include  :

• Approval and modification of stock exchange rules and by-laws
• Inspection of stock exchange accounts and various operators
• Identification and investigation of possible abuses in the securities market
• Taking initiatives to increase investors’ knowledge of the securities market
• Suspension of securities trading in the stock exchange
• Granting and revoking recognition of stock exchanges

SEBI Grade A officers play a vital role in regulating and maintaining the integrity of the securities market in India.

Career Growth and Opportunities

SEBI provides ample opportunities for career growth and advancement for Grade A officers. After joining as a Grade A officer, candidates undergo a probation period of 2 years. Upon successful completion of the probation period, they are confirmed as permanent officers of SEBI.

Promotions within SEBI are based on performance and vacancies in higher positions. The career growth path typically includes promotions to the positions of Manager, Assistant General Manager, General Manager, Chief General Manager, Executive Director, and beyond.

Hierarchy In SEBI:

The hierarchy in SEBI is as follows:

• Executive Director
• Grade F
• Grade E
• Grade D
• Grade C
• Grade B
• Grade A
• Junior Assistant .

Initial Position: Assistant Manager (Grade A)

• Role: As a Grade A Officer, you will start as an Assistant Manager.
• Responsibilities: Your duties may include regulatory oversight, policy formulation, market surveillance, and investor protection.

Career Progression

• Manager (Grade B)
  • Promotion Timeline: Typically, after 3-5 years of service, based on performance and vacancies.
  • Responsibilities: Increased managerial responsibilities, leading teams, and handling more complex regulatory tasks.
• Assistant General Manager (Grade C)
  • Promotion Timeline: Usually after 5-7 years as a Manager.
  • Responsibilities: Overseeing multiple departments, strategic planning, and higher-level decision-making.
• Deputy General Manager (Grade D)
  • Promotion Timeline: Generally after 4-6 years as an Assistant General Manager.
  • Responsibilities: Significant leadership roles, policy implementation, and coordination with other regulatory bodies.
• General Manager (Grade E)
  • Promotion Timeline: Typically after 4-6 years as a Deputy General Manager.
  • Responsibilities: High-level management, strategic initiatives, and representing SEBI in various forums.
• Chief General Manager (Grade F)
  • Promotion Timeline: Usually after 4-6 years as a General Manager.
  • Responsibilities: Top-tier management, formulating major policies, and significant influence on the financial regulatory framework.
• Executive Director
  • Promotion Timeline: Based on exceptional performance and experience.
  • Responsibilities: Part of the top executive team, involved in the highest level of decision-making and policy formulation.
• Whole Time Member
  • Promotion Timeline: Appointed by the Government of India.
  • Responsibilities: One of the highest positions, involved in the overall governance and strategic direction of SEBI.

SEBI Grade A Salary 2024 FAQ