RBI Grade B Salary | Job Profile, Perks & Promotion Of RBI Grade B Officer

Reserve Bank of India conducts the RBI Grade B Exam for the recruitment of Grade B officers that work at the managerial level in the RBI. The exam is conducted in three phases namely Phase-I or Prelims, Phase-II or RBI Grade-B Main, and Interview. The candidates shortlisted after the exam are given the profile of RBI Grade B officer.

Upon joining, the candidates have to serve a probationary period of two years, which can be extended up to four years at the bank’s discretion. Moreover, the selected candidates can be posted and transferred anywhere in India.

RBI Grade B Officer In-hand Salary

The selection into the RBI Grade B exam entails job security, prestigious designation as well as several perks and benefits, of which salary is an important element. The salary attached to the profile is often a driving factor that motivates the aspirants to work hard and get selection. The details of the salary of an RBI Grade B officer is given below:

  • RBI Grade B Salary(Basic Pay) - Rs 35,150/- per month

  • RBI Grade B Salary Scale - Rs. 35150-1750 (9)-50900-EB-1750 (2)-54400-2000 (4)-62400 (16 years)

  • RBI Grade B Salary (Gross Monthly Emoluments)- Rs ₹83254/- (Approx)


The various allowances that are a part of the RBI Grade B salary include Dearness Allowance, Local Allowance, House Rent Allowance, Family Allowance, Grade Allowance, and Medical Allowance. Apart from these allowances, RBI Grade B officer also gets Sodexo coupons, briefcase allowance, spectacles allowance, educational allowance, and more.

RBI Grade B Salary Slip

This is the latest RBI Grade B Salary Slip of the Grade B officer working in the Reserve Bank of India. 

Pay and Allowances

RS.

Deductions

RS

Basic Pay

35150.00

EE NPS Contrib 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 Officers Association

40.00

Local Compensatory Allows

3664.00

Sports Club Membership

30.00

Meal allowance

160.00

Income Tax

5319.00

Gross Pay

80,176.00

Total Deductions

26,436.00

Note: The Dearness Allowance(DA) has been hiked from 14 to 28%, thus the salaries will be further increased with effect from July 1, 2021.

RBI Grade B Officer Perks and Benefits

In addition to the salary, RBI Grade B officer enjoys certain additional benefits that are listed below:

  • Bank’s Accommodation
  • Reimbursement of expenses for maintenance of vehicle for official purpose
  • Telephone charges
  • Leave Fare Concession
  • Loans and Advances at concessional rates
  • Allowances for Furnishing of Residence
  • Fuel Allowance
  • Benefits of Gratuity and New Pension Scheme

Work Profile of RBI Grade B Officer

The job profile of the RBI Grade B officer is really interesting for banking enthusiasts. The job profile of the RBI Grade B officer varies according to the location of their job posting. Various departments in which the Grade-B officer are posted include Financial Markets, Banking Supervision, Banking Regulation, Currency Issuing, Public Debt Office, Foreign Exchange, HRD. During the tenure of their job, they can be posted in any of these departments at any of the locations across India. 

Promotional Avenues for RBI Grade B Officer

Initially, the selected candidates serve a probationary period of 2 years that can be extended up to four years. Once, the probationary period is completed, the candidates become eligible for organizational promotions. The post that the RBI Grade B officer gets promoted to are as follows:

Assistant Manager -----> Manager -----> Assistant General Manager----->Deputy General Manager -----> General Manager -----> Chief General Manager -----> Executive Director -----> Deputy Governor

Hence, the RBI Grade B officer can reach up to the position of deputy governor which is the second-highest post in the organizational hierarchy. The deputy governor reports directly to the governor who is directly appointed by the government.

If this career path, perks, and benefits and salary excite you, you should definitely prepare for the RBI Grade-B exam. Check out the preparation strategy as well as the syllabus and exam pattern here.

Career Launcher brings to you comprehensive online courses for the preparation of the RBI Grade-B exam. Keeping in view the current situation, it is extremely important to enrol in an online course and kickstart your preparation for the RBI Grade-B examination without further delay. Check out the entire course range here. To get more information on the course deliverables, get in touch with our course counsellors.

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