What is the Salary of RBI Grade B Officers ? This is the very common question asked at this site from many of the viewers. Based on the various information gathered from the circulars , Inner notification and friend’s sharing we have analyzed the Central Bank’s Grade B officers salary.
Reserve Bank of India (RBI) recruit Direct Officers in Grade B through large scale recruitment almost every year. Based on the recruitment made through, Officers are placed in Grade B at anywhere in India.
Initially Grade B Officers are placed at Probation for Two Years. After confirmation they are assigned the task of respected department.
Working with the Reserve Bank of India Itself a pride. They are future of India’s financial and economic faith. All the policies related to Monetary and market related are created by RBI.
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Read Also : How To Pass RBI Grade B Phase-I exam Easily ?
What are Good at RBI ?
There are many plus point for working with Reserve Bank of India (RBI) i.e.
1. The promotion chart of Grade B officers are very good and a good performer may reach at the level of Deputy Governor or appointed at any of the International body like World Bank, IMF, ADB.
2. Reserve Bank employees, generally, have a 5-day week at work
3. Postings in metros or state capitals,
4. Not hectic work schedule – adjustable work atmosphere .
5. Competitive Pay Scale
Let’s see what a Central Bank Direct Officer Getting in term of Compensation.
RBI Says that Total pay and allowances along with admissible perquisites attached to the Grade ‘B’ Officers post, considering market value of housing in Mumbai, work out to ` 13 lakhs p.a. (approx) on a cost to the Bank basis. Let’s see what makes the salary that much ?
Selected Grade B Officers are placed with a basic pay of `21,000/- p.m. in the scale of `21000-1000-30000-EB-1000-32000-1100-36400. Other components of salary are Dearness Allowance, Local Allowance, House Rent Allowance, Family Allowance, and Grade Allowance as per rules in force from time to time.
At present, initial monthly Gross emoluments are approximately `47,855/-.
Candidates who qualify both JAIIB and CAIIB may get the additional Rs 2000/- (i.e. Rs 900 for JAIIB and 1100 for CAIIB included in basic salary).
Upcoming Vacancy : RBI Grade ‘B’ 161 Job Vacancies 2017 – Apply Online
| Components of Salary | Amount | Total Amount |
| Basic Pay | 21000* | 21000* |
| Dearness Allowance | Varies Currently 84% Approx | 17640 |
| Local Allowance | 5% OF BASIC | 1050 |
| LA Allowance | 1,300 | 1300 |
| Family Allowance | 4% OF BASIC | 840 |
| FA Ceiling | 1100 | 1100 |
| Grade Allowance After confirmation | 2250 | 2250 |
| Special Allowance | 2500 | 2500 |
| Reimbursement monthly | ||
| Educational | 2000 | 2000 |
| House | 2000 | 2000 |
| Telephone | 800 | 800 |
| Petrol Allowance | 120 Litre | 9600* |
| Annual Reimbursement | ||
| Medical | 4000 | |
| Books | 4500 | |
| Briefcase | 7000 | |
| TOTAL | Rs 77580* | Rs 62,080* |
* Salary may vary upward depend on DA Rates and Increment in Basic. The Basic salary and other emolument revised, Basic Pay : 35150/- with incremental of Rs 1750/- each year. After seventh pay commission Rs. 67,933/-(approx.).
The most important part above the salary is satisfaction. Being a regulator of the Indian Banks, it gives immense pleasure of working at nicest environment.
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