RBI Grade B Officer Salary 2024 is around INR 35,000. The salary is conditioned to change with experience and time. The salary is subject to various deductions, such as NPS, taxes, housing rent recovery, etc.
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The RBI Grade B salary ranges from INR 35,150 to INR 62,400. The initial RBI Grade B in-hand salary is INR 35,150 per month. The income gradually increases with the time and experience of the candidate in the job.
Other than the basic pay, other allowances are granted by the central government. The new pay scale of RBI Grade B employees is 35,150-1750(9)-50,900-EB-1750(2)-54400-2000(4)-62400.
RBI Grade B Officer Salary 2024
RBI Grade B employees will earn an initial basic pay of INR 35,150 and will get an increment of INR 1,750 for up to 9 years of the service term. From the gross RBI Grade B Salary of Rs.1,08,404, the deduction of Rs.26,436 amount is done for which the complete details have been mentioned in the below table.
| Deductions | Amount |
| EE NPS Contrib Amount | Rs. 6509 |
| Prof Tax-split period | Rs. 200 |
| BF EE NPS Monthly Contribution | 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 |
Further, a Grade B RBI officer will earn an increment of INR 2,000 for the next 4 years, when the basic pay will be INR 62,400. The gross monthly emoluments for an RBI Grade B officer salary is roughly INR 77,208.
The RBI Grade B Officer is selected through an all-India competitive exam, and the job includes the following positions:
- Assistant Manager
- Manager
- Assistant General Manager
- Deputy General Manager
- General Manager
- Chief General Manager
- Executive Director
- Deputy Governor.
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RBI Grade B Salary Increment
RBI Grabe B officer in-hand salary and increments are tabulated below.
| Particulars | Salary + Increment |
| Basic pay and increment up to 9 years of service | INR 35,150 + 1,750 (9 years) |
| Basic pay and increment after the first 9 years | INR 50,900 + 1,750 (2 years) |
| Basic pay and increment after the first 11 years | INR 62,400 + 2,000 (4 years) |
| The approximate Gross monthly Emoluments | INR 77,208 |
RBI Grade B Salary and Perks
The RBI Grade B Salary package begins with basic pay of INR 35,150 and improves with the service period. Other than being one of the respected professions, an RBI employee will have some other perks that the central government fully grants. There are added advantages and allowances for an RBI Grade B employee, apart from the monthly income.
These include the following benefits:
- Dearness Allowance
- HRA Allowance
- Medical Allowance
- Educational Allowance
- Fuel Allowance
- Maid Allowance
- Mobile Allowance
- Leave Fare Concession Travel
- Conveyance Allowance
- Bank Loan facility
- Retirement Benefits
All RBI Grade B officers can exercise all the above-mentioned allowances and perks. In addition, some of the allowances are also favourable to the employee's family members and close dependents.
The RBI Grade B Salary and perks details are described below:
| Particulars | Allowances |
| Dearness Allowance (DA) | 113% of the basic pay that previously accounted for D.A. has now been revised to 125% |
| House Rent Allowance (HRA) | RBI provides accommodation to employs If not RBI initiates HRA up to INR 70,000 for Grade B employees |
| Conveyance Allowance (CA) | CA depends on the personal declaration |
| Medical Allowances | Up to INR 4,500 is offered to all RBI employees and dependents |
| Educational Allowance | RBI officers can exercise educational allowance for children. The annual reimbursement amount is approximately INR 4000 per month. |
| Bank Loan facility | RBI employees can avail of bank loans at cheaper rates for vehicles, housing, etc |
| Grade Allowance | RBI offers INR 2,250 for Grade B employees |
| Special Allowance | RBI offers INR 2,500 for Grade B employees |
Other than these benefits, RBI offers complete job security and retirement benefits for all employees. The RBI Grade B employee will be on probation for two years during the first appointment. The probationary period may get prolonged to up to four years. Some of the allowances are favourable only after the mentioned probationary period.
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About RBI
The Reserve Bank of India, or RBI, was founded on April 1, 1935. It is an independent supreme body that regulates and provides financial services to banks and other financial exchanges or industries. The central office of the RBI was at Kolkata and later shifted to Mumbai in 1937. The Reserve Bank of India works under the guidance of the Board for Financial Supervision (BFS), founded in November 1994. The RBI governs all government and private banking and financial institutions in India. The Reserve Bank of India is a part of the Asian Clearing Union.
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