RBI Grade B 2021 Salary | Pay Scale, Allowances, Benefits & Job Profile

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 Mock Test Series

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 Salary Slip

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.

  1. Dearness Allowance (DA): DA of 113% of the basic salary.
  2. HRA Allowance: 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.
  3. Medical Allowance: Medical allowances up to 4000 Rupees can be claimed. These allowances are also valid for the dependents of the employees.
  4. Education Allowance: RBI Grade B officer can avail Rs. 4000/- under education allowance every month.
  5. Maid Allowance: Rs 3000/- is offered under the maid allowance is received by RBI Grade B officers.
  6. Fuel Allowance: 150 liters of fuel per month can be claimed.
  7. Mobile Allowance: A claim up to Rs 1500/- as a mobile allowance.
  8. Sodexo Coupons: RBI provides the employees with Sodexo coupons worth Rs 2000/- which can be spent on food/groceries.
  9. 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.
  10. Briefcase allowance: The officers can avail of Rs.7000 under briefcase allowance. This amount can be reimbursed once every three years.
  11. Spectacles allowances: Spectacles allowance of Rs 7000/- can be claimed for either the RBI Grade B officer or the spouse.

RBI Grade B Salary Slip

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. 
  • 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. 
  • Candidates will be enrolled under the defined contribution New Pension Scheme (NPS) in addition to the benefit of Gratuity.

RBI Grade B Exam Pattern

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.

  1. Initial Basic Pay – Rs 35,150 with a yearly increment of Rs 1,750 for 9 years
  2. Rs 50,900 and a yearly increment of Rs 1,750 for the next two years in the executive band
  3. Rs 54,400 and a yearly increment of Rs 2,000 for the next four years
  4. 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 Syllabus

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:

  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

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.

RBI Grade B Study Plan

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 annum 

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

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