RBI Grade B Salary

The RBI Grade B Salary along with the perks and allowances offered to the RBI Grade B Officer in The Reserve Bank of India has been discussed in this article.

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The Reserve Bank of India is the central bank for the country and the conducting body for all RBI exams. Every aspirant dreams to join the Officer cadre in RBI as it not only is one of the most reputed jobs in the country but also one that provides a very high salary.

The Reserve Bank of India is the Central Bank of India, which is one of the major reasons why candidates opt for a job career in RBI. The RBI Grade B Officer salary is also a major reason for the attraction of candidates towards this job profile.

One major reason for candidates to get attracted to this job is the RBI Grade B salary.  The candidates who qualify the RBI Grade B exam are offered a starting basic pay of Rs. 35,150 in the scale of Rs. 35150-1750 (9)-50900-EB-1750 (2)-54400-2000 (4)-62400. 

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RBI Grade B Salary & Perks

RBI not just offers job security, respect and a designation that many wish to attain, but also provides perks and allowances that act as an added advantage to the job profile. 

Given below is the detailed RBI Grade B Salary 2020:

RBI Grade B Salary
RBI Grade B Officer Salary (Basic Pay)  Rs. 35,150
Pay Scale 35150-1750 (9)-50900-EB-1750 (2)-54400-2000 (4)-62400
Initial Monthly Gross Emoluments Rs. 77,208 (approx)

Along with the RBI Grade B salary, there are various allowances that an RBI Grade B Officer is provided with. Given below is the list of allowances provided to an RBI Grade B Officer:

  1. Dearness Allowance
  2. Local Allowance
  3. House Rent Allowance
  4. Family Allowance
  5. Grade Allowance
  6. Medical Allowance

Candidates can know more about RBI exams at the linked article.

Candidates can refer to the information given below for the RBI Grade B salary and perquisites (based on the RBI grade B official notification 2019):

RBI Grade B Salary

RBI Grade B Perquisites

The perks provided to an RBI Grade B Officer are as mentioned below:

  1. Bank Accommodation
  2. Reimbursement of expenses for maintenance of vehicle for official purpose
  3. Leave Fare Concession
  4. Loans and Advances at concessional rates
  5. Furnishing of Residence
  6. Fuel Allowance

For more details regarding other government exams, candidates can visit the linked article.

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RBI Grade B Job Profile & Career Growth

The RBI Grade B Salary is an added perk to the job profile of an RBI Grade B Officer. The job profile of RBI Grade B Officer includes proper circulation of currency, control the supply of liquidity in the market and most importantly to manage government and central bank accounts.

The RBI Grade B Officer Salary is high and so is the workload. Once a candidate becomes a permanent employee of RBI, he or she is eligible for various promotions with the Organisation.

Initially, an RBI Grade B Officer is appointed on probation of two years which may be extended up to 4 years. Once, an employee completes the probation period, he is liable to get promoted to higher posts. The posts to which an RBI Grade B Officer can get promoted to are as follows:

  1. Assistant Manager
  2. Manager
  3. Assistant General Manager
  4. Deputy General Manager
  5. General Manager
  6. Chief General Manager
  7. Executive Director
  8. Deputy Governor

For candidates preparing for the RBI Grade B exam can refer to this article and know the RBI Grade B salary, job profile and further growth opportunities in their career as an employee in The Reserve Bank of India.

Candidates preparing for the Civil Services Exam can visit the IAS Salary page for detailed salary structure of an IAS Officer.