RBI Grade B Salary 2024, In Hand Salary, Job Profile
RBI Grade B Salary: The initial RBI Grade B salary per month is Rs 55,200, with a pay scale of INR 55,200-2850(9)-80,850-2850 (2)-86,550-3300(4)-99,750 (16 years). Check RBI Grade B salary after 7th pay commission here.
RBI Grade B Salary: The RBI Grade B position offers a competitive salary structure, with a starting basic pay of Rs. 55,200. This comes with various allowances that translate the estimated RBI Grade B in-hand salary to over Rs. 1,16,000 per month. This lucrative RBI Grade B salary package is a major highlight of the job, offering financial security and a comfortable lifestyle. Scroll down the page to get complete details of RBI Grade B general salary, allowances, job profile, and RBI Grade B salary after 7th pay commission.
RBI Grade B Salary
Reserve Bank of India has released a notice for the recruitment of 94 officers in the Grade B post. The initial RBI Grade B salary per month is Rs 55,200, with a pay scale of INR 55,200-2850(9)-80,850-2850 (2)-86,550-3300(4)-99,750 (16 years). Candidates must be familiar with the RBI Grade B Salary after the 7th pay commission to avoid any confusion after the appointment.
RBI Grade B Salary Structure
The RBI Grade B Salary Structure comprises basic pay, DA, HRA, TA, gross earnings, net earnings, etc of the employee. The initial RBI Grade B salary per month is Rs 55,200, with a pay scale of INR 55,200-2850(9)-80,850-2850 (2)-86,550-3300(4)-99,750 (16 years). Check the RBI Grade B Salary Structure in detail below.
- Basic Pay Rs.55,200
- Dearness Allowances Rs. 33215
- Meal Allowance Rs.160
- Housing Allowance Rs.5273
- Direct Recruit-Special Allowances Rs.1800
- CVPS Incentives Rs.827
- Regional Compensatory Allowances Rs.3664
- Special Prerequisite Allowances Rs.1465
- Grade Allowances Rs.6,800
- Total Gross Pay Rs.1,00,000
RBI Grade B Salary after 5 years
RBI Grade B salary after 5 years is expected to be significantly higher than the starting basic salary due to the first increment in the pay scale. While the exact amount can differ based on allowances, anticipation suggest a gross monthly salary of around Rs. 3 lakhs, which makes an annual package of approx Rs. 20-24 lakhs. This covers the increased basic RBI Grade B salary per month and various benefits like house rent allowance and other benefits.
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RBI Grade B Salary after 10 years
An RBI Grade B salary after 10 years of service would be approximately Rs. 80,850 per month as basic pay. This is because the starting basic pay is Rs. 55,200 with annual increments of Rs. 2850 for the first 9 years. There are chances of additional perks and allowances on top of the base RBI Grade B salary per month, depending on the city of posting.
RBI Grade B Salary in hand
The initial RBI Grade B salary is Rs 55,200, with a pay scale of INR 55,200-2850(9)-80,850-2850 (2)-86,550-3300(4)-99,750 (16 years). While the starting basic pay for RBI Grade B officers is Rs. 55,200, with allowances like Dearness Allowance, you can expect an approximate RBI Grade B in-hand salary of over Rs. 1,16,000 per month. This can differ slightly due to job location and if you are eligible for housing benefits from the RBI bank.
RBI Grade B Job Profile
The Reserve Bank of India (RBI) Grade B Officer is a reputed job profile in the Indian banking sector. It offers a unique and challenging RBI Grade B job profile, with responsibilities that can differ based on the department you are assigned to. Here’s a breakdown of the key responsibilities:
- To ensure the issuance and circulation of currency throughout the country. This includes tasks like managing the exchange of currency and regulating its flow.
- To maintain the financial health of the country.
- To manage the various bank accounts of the central and state governments.
RBI Grade B Salary: Allowances
Along with the RBI Grade B salary per month, the following allowances are included in the annual package:
- Dearness Allowances
- House Rent Allowances
- Medical Allowances
- Travel Allowances
- Other Allowances
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RBI Grade B Probation Period 2024
The candidates appointed as the RBI Grade B Officers will be required to undergo a probation period of 2 years, which can be extended up to 4 years. Once the probation period is over, they will be confirmed as permanent employees and will be eligible for various perks and allowances.
RBI Grade B Career Growth & Promotion
There is steady career growth and progression for the candidates appointed for the RBI Grade B post. They will get the opportunity to appear in the promotion exams based on their work performance and experience. The RBI Grade B promotional hierarchy are as follow:
- 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 Salary vs SBI PO Salary
RBI Grade B offers a higher salary as compared to SBI PO. With a starting basic pay of Rs. 55,200 compared to SBI PO is Rs. 41,960, and including allowances, RBI Grade B makes a much higher RBI Grade B salary per month, approximately Rs. 1 lakh or more per month.
RBI Grade B Salary FAQs
What is RBI Grade B Salary?
The initial RBI Grade B salary per month is Rs 55,200, with a pay scale of INR 55,200-2850(9)-80,850-2850 (2)-86,550-3300(4)-99,750 (16 years)
What is RBI Grade B Job Profile?
The RBI Grade B Job Profile is to ensure the issuance and circulation of currency throughout the country. This includes tasks like managing the exchange of currency and regulating its flow.