RBI Assistant Salary | In-Hand Salary, Pay Scale, Perks & Allowances

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RBI Assistant Salary | In-Hand Salary, Pay Scale, Perks & Allowances: The Reserve Bank of India is the prestigious governing bank of India. It is considered a privilege to be associated with the bank as RBI Assistant. The salary when working for a premier bank like RBI is as expected will be a decent basic pay of 20,700/-. The candidates who are selected as RBI Assistants are also entitled for several allowances and perks apart from the basic pay. Go through the entire page, and get the details related to the In Hand Salary, Salary Structure, Perks and Allowances, Job Profile, Career Growth, etc.,

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Due to the lucrative package and perks offered by the bank for RBI Assistant, one can expect heavy competition, and accordingly extra effort and strong preparation strategy are required by the applicants.

RBI Assistant Salary Structure

Now, let us look at the Salary Structure offered by the Reserve Bank of India for RBI Assistant. The RBI Assistant Basic Pay has been revised to Rs. 20,700 and the gross pay for RBI Assistant Salary is revised to Rs. 45,050/-. The detailed analysis of the RBI Assistant Salary Structure is tabulated below.

RBI Assistant In Hand Salary

The In Hand Salary for a selected candidate for the post of the RBI Assistant will be approximately around 40,000/-. As you all know, the In Hand Salary is the final amount recieved by the candidate after all the deductions.

RBI Assistant Salary Deductions

Below given table will give you the details on the RBI Assistant Salary Deductions. An RBI Assistant will recieve the RBI Assistant In Hand Salary after the gross pay of Rs. 3,375/- is deducted.

RBI Assistant Salary Allowances

Along with the basic pay, the RBI Assistant Salary is entitled for some basic allowances which adds up to the RBI Assistant In Hand Salary. Let us look at the following allowances.

• Dearness Allowance
• House Rent Allowance (if accommodation is not provided)
• Compensatory Allowance
• Transport Allowance

Note: House Rent Allowance(HRA)  will not be paid to the employee if Bank’s accommodation is provided and the license fee will be recovered from her/him @ 0.3% of pay at the starting stage of the pay scale of Class III.

RBI Assistant Salary Perks

The following are the perks enjoyed by an RBI Assistant.

• Bank’s accommodation subject to availability
• Reimbursement of expenses for maintenance of vehicle for official purpose
• Loans and Advances at concessional rates of interest for Housing, Car, Education, Consumer Articles, Personal Computer, etc. It will be available to regular employees who will put in at least two years of service.
• Newspaper, Briefcase, Book Grant, Allowance for furnishing of residence, etc. as per eligibility
• Dispensary facility besides reimbursement of medical expenses for OPD treatment or hospitalization as per eligibility.
• Leave Fare Concession
• The recruits will be governed by the Defined Contribution New Pension Scheme, in addition to the benefit of Gratuity.
• Interest-free Festival Advance

RBI Assistant Job Profile

• Verification of Documents.
• Candidates working on the RBI Assistant post have to Maintain files which include the collection of receipts, maintaining of Ledger, Balance tally, etc.
• Replying to RTI(Right to Information) Queries
• Currency Issue & Circulation
• Selected candidates need to verify Banking Document
• Attending to the Government Treasury Work
• Coordinating with the higher authorities in terms of work.
• RBI provides 5 working days in a week with gazetted holidays.
• Data Entry – Entering day-to-day transactions on a computer.
• Replying and maintaining Email logs

RBI Assistant Career Growth

RBI provides many opportunities for its employees to grow in their Profession. Apart from gaining excellent experience, the candidate also can benefit from the promotions after qualifying the internal exams conducted by the officials. As expected, the roles and responsibilities of an employee increases after promotion.

The RBI Assistant gets promoted from

• Scale 1: Assistant Manager, Grade A
• Scale 2: Manager, Grade B
• Scale 3: Senior Manager, Grade C
• Scale 4: Chief Manager, Grade D

RBI Assistant Eligibility Criteria

The following are the details on the eligibility criteria for an RBI Assistant.

• Minimum age- 21 years
• Maximum age- 28 years

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