RBI Grade B Salary: The aspirants who are selected and positioned as RBI Grade B officers will receive a lucrative RBI Grade B Salary from the Reserve Bank of India. If you are the one who wanted to have complete knowledge regarding the Reserve Bank of India Grade B Salary then you need to go through every detail provided in this article. By reading this article, the applicants will get a clear idea regarding the RBI Grade B Salary Structure details, RBI Grade B Perks & Allowances details, and as well as Reserve bank of India Group B Job Profile details.
★★ RBI Grade B Free Mock Tests ★★
RBI Grade B Salary
In the following sections of this article, we have provided detailed information about the RBI Grade B Salary and also about the RBI Grade B Salary Structure. Along with the Reserve Bank of India Grade B Salary information, the candidates can also check the details about the deductions, increments, career growth, and promotion of Reserve Bank of India Grade B officers.
RBI Grade B Salary Structure
The candidates who are selected as the RBI Grade B officers will draw a starting basic pay of Rs. 55,200 p.m. in the pay scale of Rs. 55200-2850(9)-80850-EB-2850 (2) – 86550-3300(4)-99750 (16 years) applicable to Officers in Grade B and they will also be eligible for 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 1,08,404/- (approximately) The House Allowance of 15% of Basic Pay will be paid, if accommodation is not provided by the Bank. The following table contains the details of the salary structure of an RBI Grade B officer.
| RBI Grade B Salary Structure | |
| 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 |
RBI Grade B Perks & Allowances
Apart from the RBI Grade B Salary, the applicants who are appointed as RBI Grade B officers will also receive several other additional perks and allowances which are listed below
- Dearness allowances (DA)
- Fuel allowance
- House Rent Allowances (HRA)
- Maid allowance of 3000 per month
- Phone allowance
- Medical allowances (MA)
- Leave Fare Concession Travel (LFC)
- Education allowances
- Conveyance allowance (CA)
- Briefcase Allowances
- Special Allowance
- Briefcase Allowances
- Grade Allowance
- Pension
RBI Grade B Increments
- The selected candidates for the post of RBI Grade B officer will receive an increment of – Rs. 1750 (up to 9 years )
- And after 9 years is completed, the basic pay is: Receive an increment of – Rs. 50,900: Rs. 1750 (for the next 2 years)
- They will also receive a further increment of Rs. 2000 ( for the next 4 years) / then basic pay will be Rs. 54400
- After the completion of 16 years, the maximum basic pay for an RBI Grade B officer will be Rs. 62400.
RBI Grade B Deductions
The following table will tell you about the RBI Grade B Deductions details.
| 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 |
RBI Grade B Promotion and Career Growth
The candidates who are selected in the RBI Grade B exam will be posted as the Assistant in RBI. The promotions and the career growth order of the selected candidates is listed below
- Assistant Manager
- Manager
- Assistant General Manager
- Deputy General Manager
- General Manager
- Chief General Manager
- Principal Chief General Manager
- Executive Director
- Deputy Governor
- Governor
RBI Grade B Job Profile
The selected candidates in the RBI Grade B exam will be posted at different positions. The candidates will be posted randomly, and applicants who have an idea of finance will be positioned as the HRD and vice versa. The candidates might be posted as the banking supervision, financial markets, currency-issuing, banking regulation, public debt office, foreign exchange, HRD, and so on. The work responsibilities vary for different departments.
Every detail given about the RBI Grade B Salary is genuine and also useful to the candidates who are looking for them. Follow our website @ Freshersnow.com to know more interesting updates and information.
| You Can Also Check | |
| How To Prepare For RBI Grade B Exam? | RBI Grade B Previous Question Papers |
| RBI Grade B Books | RBI Grade B Syllabus |
| RBI Recruitment Notification | Officer Jobs |