RBI Grade B Officer Salary
Get the latest RBI Grade B Officer Salary Structure 2024 in detail. One must know about the in-hand salary, pay scale, deductions, allowances and perks that an RBI Grade B officer gets paid. So keep reading and continue on this page.
Reserve Bank Of India conducts RBI Grade B Officer Exam every year for the recruitment of enthusiastic aspirants for various posts in different departments. To collect information about RBI Grade B Officer Salary you should scroll down this page.
RBI Grade B Officer Salary Structure:
Reserve Bank Of India has revised RBI Grade B Pay Scale. Also there is hike in Salary at an interval of every six month. Candidates can check the RBI Grade B Officer Pay Scale after 7th Pay Commission with the help of this page.
The expert team of www.recruitmentinboxx.com has well-furnished all relevant details concerning RBI Grade B Officer Salary here. To grab the complete details about RBI Grade B Officer Salary Structure 2024, candidates need to glance on beneath segment of this web page.
RBI Grade B Officer Salary
| 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 Salary- Deductions
| 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 |
Check Out Latest: RBI Recruitment
RBI Grade B Officer Perks and Allowances:
Along with the good and impressive amount of Grade B Officer Salary, the Reserve Bank Of India good perks, benefits and other allowances to its employees. We have provided complete details of other benefits offered by the organization along with the Salary.
| RBI Grade B Officer perks |
| RBI Grade B Salary and Perks benefits |
| Dearness allowances (DA) |
| DA of 31% of the basic salary of each employee. DA is revised to 125% after the 7th pay commissions. |
| House Rent Allowances (HRA) |
| HRA is given to the officers who are living in other towns or cities and not in their home town. A Grade B Officer usually gets 2/3 BHK flat depending on the availability in the city. In case One has been not allotted a flat, RBI provides approx Rs. 70000 for that in Mumbai and accordingly in other cities. |
| Conveyance allowance (CA) |
| Conveyance allowance is paid based on the declaration by you. At the Mumbai centre, the amount is an additional 14000 in hand. Note: – 30 liters extra petrol for all those living in Mumbai, Delhi, Chennai or Bangalore. |
| Medical allowances (MA) |
| Declared Medical Bills can be reimbursed. This allowance is valid for the dependability of the employee as well. The Annual reimbursements of Medical approx- Rs 4500. and also free dispensary facility besides reimbursement of medical expenses for OPD treatment/hospitalisation as per eligibility. |
| Education allowances |
| Not all, but selected officers receive education allowances for their kids. The Annual reimbursements of education allowances up to Rs. 4000/per month. |
| Leave Fare Concession Travel (LFC) |
| One of the best RBI Grade B Officer Salary Perks is the LFC Travel Allowance. Once in two years for self, spouse and eligible dependents. Bank provides around Rs 107000 per person for this. |
| Bank Loan Facility |
| As per a recent 7th pay commission revision, RBI has declared provisions for loans in a consolidated manner. Officers can get loans and advances at a much cheaper rate for Housing, Vehicle, and Computers etc. and as per the bank’s policies. |
| Briefcase Allowances |
| BA is drawn by Grade A and B level officers. The Annual reimbursement of Briefcase is approx Rs- 7000/-.They can reimburse the price of the briefcase in every three years. |
| Grade Allowance/ Special Allowance |
| 2250 for Grade B officer starts after confirmation (end of probation). |
| Pension |
| Pension is a common thing that every government employee draws after retirement. |
| Sodexo meal |
| Sodexo meal is also provided by RBI to Grade B Officers along with RBI Grade B Salary |
Check Out Revised Pay Scale For PO/Clerk/SO: Bank Salary Structure
RBI Grade B Promotions:
The promotion of RBI Grade B officers 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 Salary Increments
- Receive an increment of – Rs. 1750 (up to 9 years )
- After 9 years is over, your basic pay is: Receive an increment of – Rs. 50,900: Rs. 1750 (for the next 2 years)
- Further increment of – Rs. 2000 ( for the next 4 years) / then basic pay is = Rs. 54400
- After 16 years, the maximum basic pay will be Rs. 62400.
- Thus, the RBI Grade B Salary is Rs. 62400/- (Maximum) and this is when an employee does not take any promotion
Frequently Asked Questions (FAQ) on RBI
Ques 1: What is the basic pay of RBI Grade B Officer?
Ans: The basic pay of RBI Grade B Officer is Rs. Rs. 55,200.
Ques 2: What is the RBI Grade B Officer salary in hand?
Ans: RBI Grade B Salary in hand will be around Rs. Rs. 108404/-.
Ques 3: Which is the highest post in RBI?
Ans: Deputy Governor
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Final Words:
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