RBI Grade B Officer enjoys a well-paid salary, allowances, a respectable position, and assured future through one of the best pension schemes of the Government sector.
In this article, we’ll discuss in detail RBI Grade B In-hand Salary, Perks, Increments, Job Profile, and Promotion along with allowances and benefits.
Take the best RBI Grade B 2022 Mock Tests & enjoy your future salary & a secured career!
Take the best RBI Grade B 2022 Mock Tests & enjoy your future salary & a secured career!
The starting in-hand RBI Grade B Salary will be around Rs 53,574 including several allowances, perks & benefits. The complete RBI Grade B Salary Structure has been tabulated below:
RBI Grade B Salary | |
Particulars | Amount |
Basic Pay | Rs. 35,150 |
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. 80,176 |
Deductions | Rs. 26,436 |
Net Pay | Rs. 53,574 |
Note- RBI Grade B gross salary has been increased to Rs. 83,254/-(approximately) after the 7th pay commission.
Take the best RBI Grade B 2022 Mock Tests & enjoy your future salary & a secured career!
The total gross pay of an RBI Grade B Officer is Rs. 80,176/- (approx.). However, there is a deduction of Rs. 26,436/- in the salary of RBI Grade B Officer which is discussed 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 |
Take the best RBI Grade B 2022 Mock Tests & enjoy your future salary & a secured career!
Apart from the Basic Pay, multiple emoluments such as Dearness Allowance, House Rent Allowance, Family Allowance, Telephone Allowance, Conveyance Allowance, etc. will also be provided.
Note: At present, the initial monthly Gross emoluments are approximately Rs. 80,176 /-(approx.). For such allowances, in-hand salary, a candidate must prepare for the exam with proper knowledge of concepts as per the RBI Grade B Syllabus.
Take the best RBI Grade B 2022 Mock Tests & enjoy your future salary & a secured career!
All the selected RBI Grade B 2022 officers will receive an annual salary range of 12-14 Lac. Along with the CTC, they will also enjoy various emoluments & allowances. The PayScale for the RBI Grade B Officer is Rs. 35150-1750(9)-50900-EB-1750(2)-54400-2000(4)-62400. Therefore, you will get:
Thus, the RBI Grade B Salary is Rs. 62,400/- (Maximum) and this is when an employee does not take any promotion.
Take the best RBI Grade B 2022 Mock Tests & enjoy your future salary & a secured career!
Along with the salary structure, the job profile of RBI Grade B officers is also very interesting. After the selection as RBI Grade B Officer, a candidate or the employee undergoes a probation period of 2 years along with a 15-week training. The venue of this training is the Reserve Bank Staff College. The job profile of the RBI Grade B officer varies from one post to the other and is based on the locations they are posted. The departments they work in include Financial Markets, Banking Supervision, Banking Regulation, Currency Issuing, Public Debt Office, Foreign Exchange, HRD. One could be transferred to different departments. An RBI Grade B Officer has to:
Take the best RBI Grade B 2022 Mock Tests & enjoy your future salary & a secured career!
The Probation period for RBI Grade B Officer is of 2 years, which extends for 4 years. It is an entry-level position and after appointment, after acquiring day-to-day working experience, candidates get good opportunities to get promoted and can also reach the senior post.
Take the best RBI Grade B 2022 Mock Tests & enjoy your future salary & a secured career!
Q. How much salary does the RBI Grade B Officer get?
Ans. The starting salary of RBI Grade B Salary in hand will be around Rs. 53,574.
Q. What are the allowances provided to RBI Grade B Officer?
Ans. Apart from the Basic Pay, multiple emoluments such as Dearness Allowance, House Rent Allowance, Family Allowance, Telephone Allowance, Conveyance Allowance, etc. will also be provided.
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