RBI Grade B Study Plan 2023: Check Day-wise Preparation Strategy
March 27, 202339 Insightful Publications
RBI Grade B Salary 2023: The lucrative salary fascinates a large number of applicants to apply for the RBI Grade B Recruitment. It not only provides a competitive salary but officers hired by the Reserve Bank of India will also be entitled to lots of benefits. However, before applying for the recruitment process, candidates must be aware of the salary and their job roles. The official notification is expected to be released soon.
**Steps to attempt free RBI Grade B Phase 1 Mock Tests are mentioned below.
The gross salary has been increased to approximately Rs 1,08,404. The selected applicants will get job security, respect, and a prestigious title. Grade B is the managerial profile for Officers in General – DR, DEPR, and DSIM in the Common Seniority Group (CSG) who are in charge of the smooth operation of the banks. Scroll down to get complete details.
The starting basic pay scale for RBI Grade B is Rs 55,200. The pay scale for the said post is Rs 55,200-2850(9)-80850-EB-2850(2)-86550-3300(4)-99750 (16 years). However, the total salary package is around 12 to 14 lakhs. The detailed breakup of the Grade B salary is given below:
RBI Grade B Particular | Amount |
---|---|
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 |
An employee receives net pay after a fixed amount is deducted from their gross salary. The deduction of Rs. 26,436 is made from the gross RBI Grade B Salary of Rs. 1,08,404. The full details are mentioned 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 |
After 5 years of service, RBI Grade B Officers receive their first increment. Check the details of the salary that the selected candidates will receive after the increment:
Note- This amount will be received even if there is no single promotion after that time period.
Candidates can attempt unlimited free RBI Grade B Phase – 1 mock tests at Embibe by following the steps provided below:
Apart from the in-hand salary, the RBI Grade B employees get various allowances and perks. The list of allowances is listed below:
RBI Grade B Officers are provided with a salary slip at the end of every month, along with the salary that serves as documentation for all the pay, allowances, and deductions taken into account while providing the salary amount.
Here is a sample picture of the salary slip of RBI Grade B:
The details of an RBI Grade B employee’s work profile are given below:
RBI Grade B Training & Probation: Once the candidate is selected under RBI Grade B Recruitment, they will be on probation for 2 years which includes 15 weeks of training. This training will be held at the Reserve Bank Staff College.
Work Hours of RBI Grade B Officer: Grade B Officers enjoy a great work-life balance as their working conditions are largely stress-free. They work 5 days a week and the office timings of RBI officers are from 9 to 5.
Mostly the work profile of an RBI Officer will be a desk job, but sometimes the officers will have to communicate with central government departments, state governments, and various RBI regional offices. The job profile will vary not only based on the post but also on the locations they have been posted. The major responsibilities of a Grade B officer are listed below:
Ambitious RBI Grade B officers can take the departmental examination after 5 years to get promoted to Grade C officer posts. Those who are recruited at a young age can easily become the deputy governor after clearing Departmental exams.
Grade B officers may become Grade C in seven years and Grade D in another 5 years. The promotion cycle also depends on the number of vacancies and your performance. Most of those who join RBI at the Grade B level go up to the CGM (top management) level, such as the Regional Director, who heads functions of RBI in a state or region. However, only a few will go on to become Executive Director and Deputy Governor.
The promotion of RBI Grade B officers is listed below:
Quick Links –
RBI Grade B Application Form | RBI Grade B Eligibility |
Selection Process for RBI Grade B | Cut-off of RBI Grade B |
The frequently asked questions on the salary of RBI Grade B are answered below:
A: The pay scale of an RBI Grade B officer is 55,200-2850(9)-80850-EB-2850(2)-86550-3300(4)-99750 (16 years).
A: The RBI Grade B Officer gets Rs 81,968 per month after the deduction.
A: The basic pay of RBI Grade B Officer is Rs 55,200.
A: The employees of RBI Grade B Officer are offered up to Rs 12 to 14 lakhs per annum.
A: RBI Grade B officers can work with organizations such as IMF, World Bank, Basel, Switzerland, Bank of International Settlements, and Ministry of Finance.
We hope this detailed article on RBI Grade B Officer Salary helps you. In case you have any queries, visit our website or download the Embibe app. We will get back to you as soon as possible.
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