Have you made up your mind to get into NABARD as a Grade A officer? Now, you are looking for what the salary and perks are for a Grade A officer-level position in NABARD. Let us move on to tell you the basic salary is Rs. 28150 per month. Furthermore, you get other perks, benefits, and allowances apart from the basic salary. These components together make up the salary part added to the basic salary.
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NABARD Grade A Salary Structure 2023
Newly joined candidates in NABARD as Grade A officers get attractive perks and benefits. The fixed salary structure includes basic along with allowances and perks. In the beginning, the new joiner gets a monthly basic salary of Rs. 28150. Additionally, all the allowances are added to this amount. Check out the increment and allowances being part of the Grade A Officer basic salary.
46600 –EB – 1750(four years) – 53600-2000(one years)-55600 – 28150-1550(four years) -34350-1750(seven years)
| Time Duration | Basic Pay | Increment |
| For the Next Four Years | 53600 | 2000 for one year |
| For the Next Four Years Time | 46600 | 1750 |
| First Four Years | 28150 | 1550 |
| Next Seven Years | 34350 | 1750 |
At present, the gross emoluments of a Grade A officer is Rs. 62600. The increment is Rs. 1550 for the first four years. Hike in the basic salary and increment is with time span as decided by the NABARD authorities for Grade A position. The basic pay after the completion of a certain time period is Rs. 55587.
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Pay Scale of NABARD Grade A Officer
Payscale of NABARD Grade A officer is 34350-1750(seven years), 28150-1550 (four years) – 53600-2000 (one year), 46600-EB-1750 (four years). As per government rules and regulations, officers get a local compensatory allowance and dearness allowance. The gross salary of NABARD Grade A is Rs. 62600.
Allowances & Benefits Offered to NABARD Grade A
Initially, the training period is of 2 years for a candidate who joined as a NABARD Grade A officer. NABARD holds the right to extend the probationary period of newly appointed candidates for the Grade A job position.
Allowances & Benefits Offered in NABARD Grade A
- Local Compensatory Allowance
- Dearness Allowance
- House Rent Allowance
- Furniture Allowance
- Family Allowance
- Dispensary Allowance
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Benefits Included in Basic Salary of NABARD Grade A
- The free medical facility is offered in OPD hospitalization and treatment. Additionally, medical reimbursement facility is provided to NABARD employees.
- Allowances offered are Telephone bills, Newspapers, Books and magazines, Internet, and Allowance.
- Residential facility is provided to NABARD employees in particular locations.
- Housing loans are offered at concessional rates.
- Employees are covered in the New Pension Scheme (NPS) system.
Final Words
Now, NABARD aspirants get aware of the salary, perks, and allowances offered at the Grade A officer position. Are you getting excited about the lucrative benefits? What are you waiting for? Gearup with the exam preparations for NABARD Grade A to get into India’s reputed government organization.
Frequently Asked Questions
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Candidates who are interested to apply for the NABARD Grade A should have a bachelor’s degree in any discipline from a recognized college or university.
The basic salary of a NABARD Grade A officer is Rs. 28150.
Allowances provided to NABARD Grade A officers are dearness allowance, house rent allowance, local compensatory allowance and travel allowance.
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