Grade B post in RBI features some of the amazing benefits along with the handsome salary offered to the officers. Furthermore, they are also entitled to various allowances and an assured future with a good pension. Every year, RBI releases many vacancies for different posts for the candidates.
Once you get selected for the phase-1 and phase-2
exams, you will get a call for the interview process. Moreover, it is a
wonderful opportunity to work with public sector organizations. If you are
looking for an opportunity to work in the banking sector, nothing can be better
than opting for this post.
Salary structure
of RBI Grade B
The starting RBI
Grade B salary is around Rs. 35,150. Listed below is a table from where you can find
out the details.
|
RBI Grade B
Basic Pay |
Rs. 35,150 |
|
RBI Grade B
Pay Scale |
35150 – 1750(9)–
50900-EB-1750(2)-54400-2000(4)-624000 |
|
RBI Grade B
Grade Pay |
Not applicable |
|
RBI Grade B
Salary: NET Salary Including all allowances |
Rs. 67,933 |
Salary Allowances
Along with the basic pay, the officers also get
multiple emoluments like the dearness allowance, family allowance, conveyance
allowance, house rent, etc. Here are other allowance options that you can get.
●
Dearness
allowance (DA)
A DA of about 113% of the basic salary is
provided to all the officers, which is great.
●
House
Rent Allowance
A 2BHK or 3BHK flats are allocated to all the Grade B RBIemployees. If they don’t get
the allocation of the flat, then they can claim up to Rs.70,000 as the rent
allowance.
●
Medical
allowance
Talking about the medical allowance, the Grade B RBI employees get almost Rs.
4000. This amount is also valid for the dependents of the employees.
●
Education
allowance
The education allowance is limited to Rs. 4000
for the employees every month.
●
Leave
Fare Concession Travel (LFC)
RBI provides almost Rs. 100000 to all its
employees for LFC allowance. You can avail of this once every two years or
three years.
Currently, the initial monthly Gross emoluments
are almost Rs. 75,831. If you want to avail of these allowances, then you will
have to make your preparations in a professional way with BYJU’s Exam Prep.
●
Conveyance
Allowance
The candidate will get the allowance based on
their declaration. For instance, the Conveyance Allowance for a candidate in
Mumbai will be 14,000 Rs.
Apart from these, the other allowances one get
is-
●
Well Furnished bank accommodation
●
Fuel allowance
●
Tour allowance
●
Local allowance
●
Grade allowance
Salary Increments
Officers who get selected through the RBI Grade B 2021 examinations get an
annual salary of about 12-14 lakh. Apart from the CTC, there are many
emoluments as well as allowances. The initial basic pay is from Rs. 35150 along
with a yearly increment of Rs. 1750 for about nine years.
Next, you can get a yearly increment of Rs.1750
with basic pay of Rs. 50900 for the upcoming two years. Thus, the salary, which
the RBI grade B employees enjoy, is almost Rs. 62,400, only if you take
promotions.
Growth opportunities of RBI Grade B officer
Usually, the RBI Grade B officers begin their career journey with the RBI Assistant or Support Stuff post. And they grow in a certain manner. The growth manner of the posts are in a below-stated way-
●
Assistant
Manager
●
Manager
●
Assistant
General Manager
●
Deputy
General Manager
●
General
Manager
●
Chief
General Manager
●
Principal
Chief General Manager
●
Executive
Director
●
Deputy
Governor
● Governor
Opportunities for further study
While being in RBI, you can continue or grab the opportunity for further studies in any institutions or universities all across the globe. You get plenty of opportunities as RBI provides study leaves and scholarships to the officers. Also, you have the opportunity of joining any investment or commercial bank as a board member.
RBI Grades B Prerequisites
The accommodation of the bank is subject to availability. And the reimbursement of the expenses for residence furnishing allowance, book grant, telephone charges, newspaper, vehicle maintenance for official purposes is determined by the eligibility and the official post.
Qualified candidates will
get medical expenses reimbursement and free dispensary services. You will also
be getting concession for Leave Fare, interest-free advance festivals for
yourself, your spouse and other dependents such as parents).
Although the number of residential quarters is limited, all of them have a secure leased space.
Moreover, one can get concessional advances or loans for vehicles, housing, consumer goods, and education as well.
Opportunity for transfer
As an RBI Grade B officer, you will be transferred every 3 years all over the country, which is pretty fascinating. Because of this, you will see most of the country in your entire career journey and have vast experience. However, there is no strict regulation for this. There are chances that you can stay in one place for more than 3 years.
Transfer opportunity for married candidates
If you are married, we
prefer not to put any conditions before joining. Once you get the appointment
letter and join for your post, you can apply for a transfer at that time.
Here we have thoroughly discussed the salary structure, the allowances and facilities salary increment, career growth opportunities, opportunities for further study, prerequisites, and transfer opportunities. Hope we have been successful in clearing the doubts you had in mind.
Being an RBI Grade B
officer is beneficial for the good salary structure and so many other aspects.
More than anything, with the long career journey, one will be eligible to have
so many experiences as they will be working from various states in the
country.
