RBI Grade B Salary 2021: RBI Grade B Salary 2021 is available here!!! Details regarding the RBI Grade B Salary In Hand, Salary Structure, Pay Scale, Grade Pay, Salary Slip, Allowances, Job Profile & Promotion are given here for your reference. Aspirants go through the article fully and get the in-depth details.
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RBI Grade B Mock Test Series
RBI Grade B Salary 2021
Before starting the preparation, candidates should be aware of the RBI Grade B salary and job profile, and also have a look at preparation strategies for RBI Grade B officer. This is the most sought examination because of its attractive RBI Grade B Salary. Most of the aspirants having the excitement to know the RBI Grade B Salary 2021 and the benefits of RBI Grade B Officers. By knowing the RBI Grade B Salary, it can induce curiosity of preparing for the examination. This article deals with the RBI Grade B Salary In-Hand, Salary Slip, allowances, and other benefits. So RBI aspirants to go through this article fully and get the complete information.
Table of Content:
| Salary Structure | Salary In Hand | Salary Slip | Allowances |
RBI Grade B 2021
The Reserve Bank of India conducts RBI Grade B Exam for recruiting Grade B officers. The RBI Grade B 2021 has released the official notification on 25th January 2021. The RBI Grade B Prelims Exam 2021 will be on 06th March 2021. Candidates who are fulfilling the eligibility criteria can appear for the examination. For attending the RBI Grade B Exam the candidates should be a Citizen of India, Nepal, Bhutan, Tibetian Refugee who came to India before 1962 with an intention to settle in India, and a person of Indian Origin. The candidate’s age should be between 21-30.
RBI Grade B Salary Structure:
| Parameters | Salary |
| RBI Grade B Basic Pay | Rs. 35,150/- |
| RBI Grade B Pay Scale | Rs. 35150-1750 (9)-50900-EB-1750(2)-54400-2000 (4)-62400 |
| RBI Grade B Grade Pay | NA |
| RBI Grade B Salary (Net Salary including allowances) | Rs. 77,208/- |
RBI Grade B Salary In Hand:
The RBI Grade B In Hand Salary is Rs.53,740/-
RBI Grade B Salary Slip
Here we have given the information of RBI Grade B Salary Slip.Candidates can check the RBI Grade B salary slip details given below.
| Pay and Allowances | RS. | Deductions | RS |
|---|---|---|---|
| Basic Pay | 35150.00 | EE NPS Contribution Amount | 6509.00 |
| Grade Allowance | 6800.00 | Prof Tax-split period | 200.00 |
| Dearness Allow. | 23144.00 | BF EE NPS Monthly Contrib | 13018.00 |
| House Allowance | 5273.00 | House Rent Recovery | 620.00 |
| COPS Incentive | 2720.00 | Meal Coupon Deduction | 400.00 |
| Spl Perquisite Allowance | 1465.00 | MAF | 300.00 |
| Spl Allow-Direct Recruit | 1800.00 | RBI Officer’s Association | 40.00 |
| Local Compensatory Allows | 3664.00 | Sports Club Membership | 30.00 |
| Meal allowance | 160.00 | Income Fax | 5319.00 |
| Gross Pay | 80,176.00 | Total Deductions | 26,436.00 |
RBI Grade B Allowances and Perks
The RBI Grade B officers are entitled to the allowances and benefits as per the norms and regulations by the Government of India. Check below the list of allowances given below.
- Dearness Allowance (DA):Â DA of 113% of the basic salary.
- HRA Allowance:Â 2BHK/3BHK flat is given to the RBI Grade B employees. If the employees are not allocated flats, then they can claim up to Rs 70,000 as rent allowance.
- Medical Allowance:Â Medical allowances up to 4000 Rupees can be claimed. These allowances are also valid for the dependents of the employees.
- Education Allowance:Â RBI Grade B officer can avail Rs. 4000/- under education allowance every month.
- Maid Allowance: Rs 3000/- is offered under the maid allowance is received by RBI Grade B officers.
- Fuel Allowance:Â 150 liters of fuel per month can be claimed.
- Mobile Allowance: A claim up to Rs 1500/- as a mobile allowance.
- Sodexo Coupons: RBI provides the employees with Sodexo coupons worth Rs 2000/- which can be spent on food/groceries.
- Leave Fare Concession Travel (LFC):Â The RBI will offer around Rs. 1,00,000 for the employees under LFC allowance. This can be availed once in two years, by the employee and his dependents.
- Briefcase allowance:Â The officers can avail of Rs.7000 under briefcase allowance. This amount can be reimbursed once every three years.
- Spectacles allowances: Spectacles allowance of Rs 7000/- can be claimed for either the RBI Grade B officer or the spouse.
Perks:
- Bank’s accommodation (subject to availability)
- Reimbursement of expenses for maintenance of vehicle for official purpose
- Newspaper
- Telephone charges
- Book Grant,
- Free dispensary facility besides reimbursement of medical expenses for OPD treatment/hospitalization as per eligibility.Â
- Interest-free festival advance
- Leave Fare Concession (once in two years for self, spouse and eligible dependents).
- Loans and Advances at concessional rates of interest for purchasing a house, vehicle, education, consumer articles, personal computer, etc.Â
- Candidates will be enrolled under the defined contribution New Pension Scheme (NPS) in addition to the benefit of Gratuity.
RBI Grade B Salary Increments
After successfully qualified the RBI Grade B 2021 Exams candidates have been provisionally allotted. After the provisional allotment, the officers will receive an annual salary range of 12-14 Lac. Along with the CTC, various emoluments & allowances are given.
The PayScale for the RBI Grade B Officer is Rs. 35150-1750(9)-50900-EB-1750(2)-54400-2000(4)-62400.
- Initial Basic Pay – Rs 35,150 with a yearly increment of Rs 1,750 for 9 years
- Rs 50,900 and a yearly increment of Rs 1,750 for the next two years in the executive band
- Rs 54,400 and a yearly increment of Rs 2,000 for the next four years
- Rs 62,400 (Maximum Basic Pay)
Thus, the RBI Grade B Salary is Rs. 62,400/- (Maximum) and this is when an employee does not take any promotion.
RBI Grade B Career Prospects:
- The aspirants will get the first appointment on probation for two years.
- As per Bank’s discretion, the probation period may be increased from 2 years to 4 years.
- Once the aspirants will be selected, they will get their posting or can get transfer anywhere across India.
- To get a promotion for higher grades, there are some reasonable prospects, which will be considered.
- If the candidates will have high academics qualifications or if they are professionally advanced, or if they have relevant/ significant experience in the banking sector, then they will be considered for four advanced increments.
RBI Grade B Preparation Tips & Strategies
RBI Grade B Promotion:
- Assistant Manager
- Manager
- Assistant General Manager
- Deputy General Manager
- General Manager
- Chief General Manager
- Executive Director
- Deputy Governor
RBI Grade B Job Profile:
The job profile of an RBI Grade B officer are as follows:
- Circulating currency properly
- Controlling the supply of liquidity
- Managing central and government bank accounts.
Frequently Asked Questions:
Q. What is the Salary of RBI Grade B Officer?
A. The basic pay scale of RBI Grade B Officer is Rs 35,600 per month on the scale of Rs. 35150-17 50(9)-50900-EB-17 50(2)- 54400-2000(4)-62400 (16 years) applicable to Officers in Grade B.
Q. What is the CTC of an RBI Grade B officer?
A. The CTC of an RBI Grade B officer is 12 lakhs per annumÂ
Q. Does the RBI Grade B Exam have negative marking?
A. There will be 0.25 marks deducted for every wrong answer in both the Prelims and Mains Exam
Q. What is the RBI Grade B Salary In-Hand?
A. The RBI Grade B In-Hand Salary is Rs.53,740/-
Q. What are the job responsibilities of an RBI Grade officer?
A. The job profile of an RBI Grade B officer are as follows:
- Circulating currency properly
- Controlling the supply of liquidity
- Managing central and government bank accounts.
Table of Content:
| Salary Structure | Salary In-Hand | Salary Slip | Allowances |
