RBI Grade B Salary After 5 Years: RBI Grade B Salary After 5 Years is here!!! Detailed information regarding the salary after 5 years for the post of RBI Grade B is given here for your reference. RBI aspirants before start the preparation process refer to this article fully.
The Reserve Bank of India (RBI) is recruiting many candidates for the Grade B officer post every year. The Aspirants who are eagerly preparing for the RBI Grade B officer should be aware of the RBI Grade B Salary 2021. This is the most important exam for all banking Aspirants. Many of the candidates are also want to know the career growth of RBI after 5 years. If candidates learn about the RBI Grade B Salary after 5 years, which will motivate them to ace the exam. One of the highest job profile and promotion provided for RBI Grade B officers. Here, the below article provides you the complete knowledge about the RBI Grade B salary after 5 years, and also about the promotion, allowances, and career growth.
RBI Grade B Salary Structure
The RBI Grade B Salary structure includes basic pay, grade pay, and other allowances. The basic pay of RBI Grade B officers is Rs.35,150. The RBI Grade B Salary structure is clearly mentioned in the below table:
|RBI Grade B Basic Pay||Rs. 35,150/-|
|RBI Grade B Pay Scale||Rs. 35150-1750
|RBI Grade B Grade Pay||NA|
|RBI Grade B Salary (Net Salary including allowances)||Rs. 77,208/-|
RBI Grade B Allowances and Perks
The RBI Grade B Salary after 5 years provides more benefits apart from the In-hand salary such as Dearness Allowance, House Rent Allowance, Medical Allowance, Telephone Allowance, Conveyance Allowance, etc which are explained below:
|RBI Grade B Salary Allowance Details|
|Dearness Allowance (DA)||DA will be 113% of the basic salary.|
|House Rent Allowance (HRA)||HRA allowance will be 2 BHK/3 BHK 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||Medical Claim up to Rs.4000 can e claimed.|
|Education Allowance||Rs 4000 can be claimed every month|
|Maid Allowance||Rs 3000 can be claimed for maid allowance|
|Fuel Allowance||150 liters of fuel per month can be claimed|
|Mobile Allowance||Rs.1500 can be claimed|
|Sodexo Coupons||Sodexo coupons worth Rs 2000/- which can be spent on food/groceries.|
|Leave Fare Concession Travel (LFC)||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||Rs.7000 can be claimed under Briefcase allowance. This amount can be reimbursed once every 3 years.|
|Spectacles allowances||This allowance can be claimed by either officer or spouse. The allowance is Rs.7000.|
RBI Grade B Salary after 5 years: Promotions
The Candidates who have appeared for the RBI Grade B 2021, should crack all phases of the examination like prelims, mains, and interviews. After clearing the RBI Grade B exam the level of post and promotion as follows
- Assistant Manager
- Assistant General Manager
- Deputy General Manager
- General Manager
- Chief General Manager
- Executive Director
- Deputy Governor
As per the RBI norms, the employees who have better performance level and accept the higher responsibilities can take the departmental examination after 5 years to get promoted to Grade C officers post. After clearing the Departmental Exams, you can easily be promoted to a higher level post. In the next 5 years, RBI Grade B officers are promoted to Grade C officers, and in the next five years, they will be promoted to Grade D officers.
RBI Grade B Salary Increments :
- The RBI Grade B officer get Basic pay of Rs. 35,150/- per month. In the next five years, there will be five increments. After each year there will be an increment of RS 1750/-.
- As a Grade B officer, you will get Rs 62400/- as basic pay after 15 years without any promotion.
- As employees possess higher qualification/experience at sole discretion RBI will provide four advance increments.
RBI Grade B Future Opportunities
- Once got the opportunity to work for RBI, Officers can get several opportunities for future education across the world. The Officer will get many scholarships and Funds for their Future studies.
- After the completion of RBI Grade B officer, there will be a high chance of career opportunity to work with World Bank, IMF, Ministry of finance, etc.
- Also, an opportunity opens for becoming a board member in high Financial Commercial Banks.
RBI Grade B Job Profile
RBI Grade B officer not only providing a Handsome salary but the Job profile is also interesting. After the selection process of RBI Grade B Officer, the candidate should undergo 15 weeks of training and also a period of probation for two years. RBI Grade B officers should work in different departments namely Financial Markets, Banking Supervision, Banking Regulation, Currency Issuing, Public Debt Office, Foreign Exchange, HRD.
RBI Grade B Officer job profile is listed below:
- Ensuring Nation’s Financial Stability
- Responsible for the Issue and Circulation of currency
- Management of state and central government accounts
Frequently Asked Questions
Q. What is the basic pay of RBI Grade B Officer Salary?
A. The basic pay of RBI GradeB will be Rs. 35150/-.
Q. What are the allowances given for the RBI Grade B Officer post?
A. The allowance given for RBI Grade B officer 2021 is Dearness Allowance, House Rent Allowance, Medical Allowance, Mobile Allowance, Conveyance Allowance, Fuel Allowance.
Q. How much increment the RBI Grade B officer will get per year?
A. For the Grade B officer, there will be an increment of Rs. 1750/-.
Q. What is the Dearness Allowance is applicable for RBI Grade B officer?
A. Yes, Dearness Allowance will be 113% of the Basic salary.
Q. What is the net salary for RBI Grade B?
A. RBI Grade B Salary Net Salary including allowances is about Rs. 77,208/-