RBI Grade B Officer Salary, Pay Scale, Allowances
Reserve Bank of India is the India’s Central Bank.All the aspirants wants to join Reserve Bank of India as a RBI Grade B Officer, RBI Office Assistant, RBI Legal Officer Etc.Every year RBI conducts RBI Grade B Officer examination.Recently RBI Released notification for RBI Grade A & RBI Grade B Officer (Non-CSG) posts.All those candidates who are eagerly waiting for the RBI Grade B Officer 2022 (Generalists) vacancies.Now anytime Reserve Bank of India released Official Notification for the Grade B officer posts.
Why aspirant wants to joint RBI Grade B Officer?
Every aspirant knows that Reserve Bank of India is prestigious bank of country and it also pay good amount of salary for the post of RBI Grade B Officer. It also provides the power, respect and decent salary after clearing RBI Grade B 2022 exam.As you know RBI control the whole banking system of India. So being a Manager in RBI is such a prominent job.RBI Grade B Officer provides greater responsibilities against the high salary of RBI Grade B.Here you get more about RBI Grade B Officer Salary.
RBI Grade B Salary 2022
Here we have comes up with RBI Grade B Officer Salary, Allowances, Increments, Promotions and Perks along with the selection procedure of RBI Grade B 2022.
RBI Grade B Officer 2022 (Updated) Salary
Every year Lakhs of candidates applied for one of the most prominent banking job in public sector in India.RBI Grade B Officer job consists in a three phases.It provides good amount of Salary, Perks and Allowances.You will also get to travel with your family anywhere in the world every 2 years, and RBI will pay for it.
RBI Total CTC (Cost to company) for the RBI Grade B Officer to be around 18-20 lacs in metro cities like Mumbai, Delhi, etc.Let’s talk about the Basic Salary, Allowances and Perks understand how much salary you can draw as an RBI Grade B officer.
RBI Grade B Officer will draw a starting basic pay of ₹55,200/- p.m. in the scale of ₹55200-2850(9)-80850-EB-2850(2)-86550-3300(4)-99750 applicable to Officers in Grade ‘B’.
They will also be eligible for Dearness Allowance, Local Compensatory Allowance, House Rent Allowance, Special Allowance and Grade Allowance as per rules in force from time to time.
At present, initial monthly gross emoluments are approximately ₹1,16,684/- (approx.)
RBI Grade B Officer In-hand Salary
Selection in the RBI Grade B exam gives a prestigious designation, Allowances and Perks, of which salary is an important element.The details of RBI Grade B Officer In-hand salary is given below-
- RBI Grade B Salary(Basic Pay) – Rs 55,200/- per month
- RBI Grade B Salary Scale – Rs.55200-2850(9)-80850-EB-2850(2)-86550-3300(4)-99750(16 years)
- RBI Grade B Salary (Gross Monthly Emoluments)- Rs 1,16,684/- (Approx)
RBI Grade B salary include various allowances such as:- Dearness Allowance, House Rent Allowance, Grade Allowance, Local Allowance, Family Allowance and Medical Allowance.Apart from these allowances, RBI Grade B officer also gets Sodexo coupons, briefcase allowance, spectacles allowance, educational allowance, and more.
RBI Grade B Officer Perks and Emoluments 2022
As we know that Reserve Bank of India provides lots of Allowances to the RBI Grade B Officers.Here we given detail of each and every allowances:-
Dearness allowances (DA): DA of 113% of the basic salary of each employee. DA is revised to 125% after the 7 central pay commissions.
Conveyance allowance (CA): Conveyance allowance is paid based on the declaration by you.At the Mumbai center, the amount is an additional 14000 in hand.
Note:- 30 liters of extra petrol for all those living in Mumbai, Delhi, Chennai, or Bangalore.
House Rent Allowances (HRA): HRA is given to the officers who are living in other towns or cities and not in their hometown. A Grade B Officer generally gets 2/3 BHK flat depending on the availability in the city. In case One has been not allotted a flat, RBI provides approx INR 70000 for that in Mumbai and accordingly in other cities.
Education allowances: Not all, but selected officers receive education allowances for their kids.The Annual reimbursements of education allowances up to INR 4000/per month.
Medical allowances (MA): Medical bills if declared can be reimbursed. This allowance is valid for the dependability of the employee as well. The Annual reimbursements of Medical approx- Rs 4000 and also free dispensary facility besides reimbursement of medical expenses for OPD treatment/hospitalization as per eligibility.
Bank Loan Facility: As per a recent 7th central pay commission revision, RBI has declared provisions for loans in a consolidated manner. Officers can get loans and advances at a much cheaper rate for Housing, vehicles, and Computers, etc., and as per the bank’s policies.
Leave Fare Concession Travel (LFC): One of the best perks of RBI is the LFC Travel allowance.Once in two years for self, spouse, and eligible dependents.Bank provides around Rs 107000 per person for this.
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).
Spectacles Allowance: 7000Rs. For RBI Grade B Officer or the spouse.
Pension: Pension is a common thing that every government employee draws after retirement.
Sodexo Coupons: RBI also provides Food/Grocery Sodexo Coupons to its employees ~ INR 2000/-
Apart from the given perks, there is an Interest-free festival advance, Newspaper, telephone charges, book grants, Furnishing of Residence Allowance, Life Insurance Coverage, Medical Insurance, and Educational Leaves, etc. as per eligibility.
RBI Grade B Salary Slip
This is the latest RBI Grade B Salary Slip of December 2021 the Grade B officer working in the Reserve Bank of India.
RBI Grade B Salary Increments
Here we mentioned the Basic Pay Increments of RBI Grade B Officer 2022.
- Starting Basic Pay is Rs.55200 as mentioned above with a yearly increment of Rs.2850 for 9 years
- After 9 years, Rs. 80850 is your basic pay and yearly increment of Rs.2850 for the next two years if you reach the Efficiency Bar (EB)
- After a total of 11 years, Rs.86550 is your basic pay and a yearly increment of Rs.3300 for the next four years
- 99750 is the Maximum Basic Pay after 16 years.
RBI Grade B Promotions
Apart from the good salary, promotions also play a vital role in the career growth.After appointed as a RBI Grade B Officer designation.The hierarchy level is given below:-
- Assistant General Manager
- Deputy General Manager
- General Manager
- Chief General Manager
- Principal Chief General Manager
- Executive Director
- Deputy Governor
RBI Grade B Job Profile 2022
After completing the training of RBI Grade B Officer, you may be allotted to different departments.People with hardcore finance experience may be given HRD and vice versa.Reserve Bank of India departments are as follows:- Financial Markets, Banking Supervision, Banking Regulation, Currency Issuing, Public Debt Office, Foreign Exchange, HRD, etc.Every department work profile is different from another one.However, you will be transferred from one department to another after some time.Few of RBI Grade B Officers will also involved in the planning and policy decisions.