RBI Grade B Salary 2021| 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.

The Reserve Bank of India conducts RBI Grade B Exam for recruiting Grade B officers. The RBI Grade B 2021 Notification is expecting to get released in the 3rd week of January 2021. We can expect the RBI Grade B Prelims Exam 2021 will be on the 1st week of March 2021. Candidates fulfilling the eligibility criteria will only 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.

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 salary. Most of the aspirants having the excitement to know the salary and benefits of RBI Grade B Officers. By knowing the RBI Grade B Salary 2021, it can induce curiosity of preparing for the examination. This article deals with the RBI Grade B Officer Salary In-Hand, Salary Slip, allowances, and other benefits. So RBI aspirants to go through this article fully and get the complete information.

RBI Grade B Salary 2021 Structure:

Check below the RBI Grade B Officer Salary Structure:

ParametersSalary
RBI Grade B Basic PayRs. 35,150/-
RBI Grade B Pay ScaleRs. 35150-1750
(9)-50900-EB-1750(2)-54400-2000 (4)-62400
RBI Grade B Grade PayNA
RBI Grade B Salary (Net Salary including allowances)Rs. 77,208/-

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.

Pay and AllowancesRS.DeductionsRS
Basic Pay35150.00EE NPS Contribution Amount6509.00
Grade Allowance6800.00Prof Tax-split period200.00
Dearness Allow.23144.00BF EE NPS Monthly Contrib13018.00
House Allowance5273.00House Rent Recovery620.00
COPS Incentive2720.00Meal Coupon Deduction400.00
Spl Perquisite Allowance1465.00MAF300.00
Spl Allow-Direct Recruit1800.00RBI Officer’s Association40.00
Local Compensatory Allows3664.00Sports Club Membership30.00
Meal allowance160.00Income Fax5319.00
Gross Pay80,176.00Total Deductions26,436.00

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.

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 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 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 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 Salary 2021 : FAQS

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.

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