Source: safalta.com
Furthermore, Grade B officers also enjoy an assortment of allowances and benefits in addition to this competitive salary package. Read this article to know all about RBI Grade B salary and other details.Data Interpretation and Analysis Free E-Book: Download Now | Puzzle and Seating Arrangement Free E-Book: Download Now |
Table of Content
1.
RBI Grade B Salary i. RBI Grade B In-hand Salary
ii. RBI Grade B Salary: Payscale
2. RBI Grade B Salary: Allowances
3. RBI Grade B Salary: Perks and Allowances
4. RBI Grade B Salary: Career Growth and Promotion
RBI Grade B Salary 2024
RBI Grade B salary is a handsome amount which makes this post very appealing to a lot of candidates. In addition to a good salary, RBI Grade B officers are paid various allowances and benefits. Having knowledge of the salary, allowances and job profile of RBI Grade B officers will help you understand the profession better.RBI Grade B In-hand Salary
RBI Grade B Officer Salary | |
RBI Grade B Officer Salary (Basic Pay) | Rs. 35,150 |
Pay Scale | 35150-1750 (9)-50900-EB-1750 (2)-54400-2000 (4)-62400 |
Initial Monthly Gross Emoluments | Rs. 823254 (approx) |
Also, read the following related articles on RBI Grade B Exam:
RBI Grade B Eligibility Criteria | RBI Grade B Salary | Best Books for RBI Grade B |
RBI Grade B Salary: Payscale
The pay scale for RBI Grade B is -Rs. 35150-1750 (9)-50900-EB-1750 (2)-54400-2000 (4)-62400. Know pay scale and its meaning with reference to RBI Grade B.Initial Basic Pay | Rs. 35150/ |
For the next 9 years | increment of Rs.1750 for up to 9 years |
After 9 years Basic Pay | Rs.50,900- increment of Rs.1750 for the next 2 years. increment of Rs.2000 for the next 4 years |
Final Basic Pay | Rs.62,400. |
RBI Grade B salary slip is attavhjed below:
RBI Grade B Salary: Allowances
- Dearness Allowance- Dearness Allowance now for RBI Grade B Officers is 125% of the Basic Pay. It was earlier 113% of the basic pay but it has now been revised and further increased to 125% of basic pay.
- Medical Allowance- RBI Grade B Officers are given Free Dispensary Facility and medical allowance amounting to Rs. 4,500. Other than this, officers also get reimbursement of medical expenses for hospitalization and OPD treatment.
- House Rent Allowance- House Rent Allowance is given to officers who are posted out of their hometowns. RBI employees get a 2BHK flat. If the recruited candidate gets an allotted accommodation/flat, he/she is given Rs. 70,000 for accommodation in metro cities.
- Conveyance Allowance- The candidate has to provide a declaration to receive this allowance.
- Educational Allowance- About Rs. 4000 per month is given to RBI Grade B Officers for educational allowance for their children.
- Leave Fare Concession- Approximately Rs. 10,7000 is given under this allowance. LFC/LTC is offered to the officers and his/her family members once every two years.
- Briefcase Allowances: BA is drawn by Grade A and B level officers. The Annual reimbursement of Briefcase is approx Rs- 7000/-. They can reimburse the price of the briefcase every three years.
- Grade Allowance: 2250 for Grade B officer starts after confirmation (end of probation).
- Special Allowance: 2500 for Grade B officer starts after confirmation (end of probation).
- For those who do not receive accommodation from the bank, they are eligible for the House Allowance which is 15% of Basic Pay.
Basic Pay | Rs. 55,200 |
Grade Allowances | Rs. 6,800 |
Dearness Allowances | Rs. 23,144 |
Housing Allowance | Rs. 5273 |
CVPS Incentives | Rs. 827 |
Special Prerequisite Allowances | Rs. 1465 |
Special Allowances- Direct Recruit | Rs. 1800 |
Local Compensatory Allowances | Rs. 3664 |
Meal Allowance | Rs. 160 |
Gross Pay | Rs. 1,08,404 |
RBI Grade B Salary Deduction
An employee receives net pay after a predetermined sum is subtracted from their gross compensation.
The deduction of Rs.
26,436 is made from the gross RBI Grade B salary of Rs.
1,08,404; the full breakdown is shown in the table below.
Deductions | Amount |
EE NPS Contrib Amount | Rs. 6509 |
Prof Tax-split period | Rs. 200 |
BF EE NPS Monthly Contrib | Rs. 13,018 |
House Rent Recovery | Rs. 620 |
Meal Coupon Deduction | Rs. 400 |
MAF | Rs. 300 |
RBI Officers Association | Rs. 40 |
Sports Club Membership | Rs. 30 |
Income Fax | Rs. 5319 |
Total Deductions | Rs. 26,436 |
RBI Grade B Officer Salary: Perks, and Other Benefits
- Housing Bank's accommodation, subject to availability,
- Reimbursement vehicle maintenance expenses for official purposes,
- Recreational Expenses: Interest-free festival advance, Leave Fare Concession (once in two years for self, spouse, and eligible dependents).
- Loans and Advances at concessional rates of interest for Housing, Vehicle, Education, Consumer Articles, Personal Computer, etc.
- Other Benefits: newspaper, telephone charges, book grant, allowance for furnishing of residence, etc. as per eligibility.
If you want to get details about the other Indian government job salaries, you can visit these articles by Safalta. | |||
RBI Assistant Salary | RBI Grade B Eligibility | RBI Assistant Syllabus | JAIIB Salary |
AFCAT Salary | CAIIB Salary | Air Force Group Y Salary | UPSC CAPF Salary |
RBI Grade B Salary: Career Growth and Promotion
An additional benefit to the job description of an RBI Grade B Officer is the Grade B Salary. The primary responsibilities of an RBI Grade B Officer are managing government and central bank accounts, as well as ensuring sufficient currency circulation and market liquidity supply.- Assistant Manager
- Manager
- Assistant General Manager
- Deputy General Manager
- General Manager
- Chief General Manager
- Principal Chief General Manager
- Executive Director
- Deputy Governor
- Governor
Bank Special Online Classes: Join Detailed Batch by Safalta Now!!
- 60+ hrs. Live Interactive Sessions
- NOW WITH TRUE LIFETIME* VALIDITY
- Course duration 20 Days
- 50+ Downloadable PDF study material to boost your preparation
- Experienced Faculties ( Selection oriented )
- Weekly Test as per Real Exam Pattern
- Special Q&A Sessions
- Daily 3 hrs Class (Monday to Saturday)
- Counseling Sessions by Expert Faculties
- Recorded Backup is available for quick Revision.
- Solve unlimited doubts with Subject matter experts.
- Strategy session on how to attempt the exam.
- Experienced Faculties (Selection oriented)
- Dedicated Telegram Group for regular updates
- Special Current Affairs on Safalta YouTube Channel (7:00 AM & 9PM Mon-Sat)
- For Free Mock Test, Kindly Click Here
- For Free E-Book, Click Here