Home / Career & Education / RBI Grade B Officers Salary Structure – Rs 13 Lacs Per Annum

RBI Grade B Officers Salary Structure – Rs 13 Lacs Per Annum

What is the Salary of RBI Grade B Officers ? This is the very common question asked at this site from many of the viewers. Based on the various information gathered from the circulars , Inner notification and friend’s sharing we have analyzed the Central Bank’s Grade B officers salary.

Reserve Bank of India (RBI) recruit Direct Officers in Grade B through large scale recruitment almost every year. Based on the recruitment made through, Officers are placed in Grade B at anywhere in India. 

Initially Grade B Officers are placed at Probation for Two Years. After confirmation they are assigned the task of respected department.

Working with the Reserve Bank of India Itself a pride. They are future of India’s financial and economic faith. All the policies related to Monetary and market related are created by RBI. 

RBI Grade B Officers Recruitment Notification 2014

What are Good at RBI ?

There are many plus point for working with Reserve Bank of India (RBI) i.e. 

1. The promotion chart of Grade B officers are very good and a good performer may reach at the level of Deputy Governor or appointed at any of the International body like World Bank, IMF, ADB.

2. Reserve Bank employees, generally, have a 5-day week at work

3. Postings in metros or state capitals,

4. Not hectic work schedule – adjustable work atmosphere .

5. Competitive Pay Scale

Let’s see what a Central Bank Direct Officer Getting in term of Compensation. 

RBI Says that Total pay and allowances along with admissible perquisites attached to the Grade ‘B’ Officers post, considering market value of housing in Mumbai, work out to ` 13 lakhs p.a. (approx) on a cost to the Bank basis. Let’s see what makes the salary that much ?

Selected Grade B Officers are placed with a basic pay of `21,000/- p.m. in the scale of `21000-1000-30000-EB-1000-32000-1100-36400. Other components of salary are Dearness Allowance, Local Allowance, House Rent Allowance, Family Allowance, and Grade Allowance as per rules in force from time to time.

At present, initial monthly Gross emoluments are approximately `47,855/-.

Candidates who qualify both JAIIB and CAIIB may get the additional Rs 2000/- (i.e. Rs 900 for JAIIB and 1100 for CAIIB included in basic salary).

 

 Components of Salary                       Amount  Total Amount   
Basic Pay  21000  21000
Dearness Allowance  Varies Currently 84% Approx  17640
Local Allowance  5% OF BASIC  1050
LA Allowance 1,300  1300
Family Allowance 4% OF BASIC  840
FA Ceiling 1100  1100
Grade Allowance After confirmation 2250  2250
Special Allowance 2500  2500
Reimbursement monthly
Educational  2000  2000
House 2000  2000
Telephone 800  800
Petrol Allowance  120 Litre  9600*
Annual Reimbursement
Medical  4000
Books 4500
Briefcase 7000
TOTAL  Rs 77580*  Rs 62,080*

* Salary may vary upward depend on DA Rates and Increment in Basic.

The most important part above the salary is satisfaction. Being a regulator of the Indian Banks, it gives immense pleasure of working at nicest environment.

Apply for RBI  : Click Here

About raj

A Banker By Profession.This blog was started to help individuals from complicated financial and Banking requirements.
  • Debasis

    Hi Raj,
    is RBI salary will be impacted by 7th pay commission?

    • http://www.rajmanglam.com raj

      Yes indeed..

  • swastik h

    Good Luck for all, those who have been selected…..

  • vishal

    Hi raj….. Could u suggest me few coaching institutes for only RBI exams in NCR sepcific in NOIDA

  • Dakshayini.N

    Hi raj….. Could u suggest me few coaching institutes for RBI exams in Bangalore

    • http://www.rajmanglam.com raj

      it depends on your choice…..try out few names like mahindra etc

      • Aryman

        I don’t think coaching is indispensable. I would rather suggest self study which helped me a lot. I cracked this exam with a serious study of merely 22 days. Make proper use of internet facility and examine the trend of exam before diving straight into preparation.

        • http://www.rajmanglam.com raj

          Good luck, very inspiring..

  • Ravi

    How can you say its 13 lacks per annum. If you compute it souldn’t be right?

    • http://www.rajmanglam.com raj

      It will be now more than that if considered CTC concept..

  • Papita Awale

    Hi, am working as software engineer since 2 years , now am thinking to switch to government job. If we compare IT and government jobs then pay scale is high in IT, so can you suggest me in which case government job will be better for me.

    Also suggest important expected dates (for 2015) if i wish to apply in 2015 for Grade B officer.

    Thanks

    • http://www.rajmanglam.com raj

      There are manu but you need to choose by yourself as per your area of interest and profile….There is no such Private and Public sector jobs…it’s your own choice…Make it smartly…

  • http://google rashmi

    also wat tyoe of general awareness is asked in ibps… whether current, static…whih fields..pls comment with valuable information

    • http://www.rajmanglam.com raj

      banking awareness

  • http://google rashmi

    can u please suggest some reference for computer section of ibps..as I am not getting enough n proper guidance

    • http://www.rajmanglam.com raj

      go through the previous year papaer of ibps @sorapedia.com

  • qrudra

    Hey, plz help me with few queries regarding grade B exmas ?

    *whether students having comm, CA, CS, MBA etc et any edge in interview or written exam?
    *the chances for freshers and experienced ones will be simillar, or they later will get a edge?
    *is the no. Of vaccancies every year are equal?
    * in one of the comment u said that the result should be decleared till the time of interview, so what time tentatively interview happens?

    • http://www.rajmanglam.com raj

      Vacancies vary each year as per requirement

      • Vishal

        Hey Admin, I had qualified IBPS PO II exam, but dint got placed. I have applied for RBI’s Officers (Grade B) exam, is it on same lines in terms of difficulty as IBPS’s PO exam??
        Any special suggestions??

        • http://www.rajmanglam.com raj

          no, IBPS and RBI exams have different pattern and levels…you need to prepare exclusively…

  • Debasis

    Hi, I am currently 29 yrs old n applied for grade b
    does higher age adversely impacts career growth?

    • http://www.rajmanglam.com raj

      yes..indeed

  • tarika

    thank you

  • tarika

    hi mr Raj
    you have not replied me yet is your answer “no “. please reply im waiting

    • http://www.rajmanglam.com raj

      Eligibility is only 30 years for general category

  • tarika

    hello ,
    i m tarika completed my graduation( BCOM)scoring 67% and then post graduatio MCOM (53%)
    completed MBA (67%) correspondence in FINANCE … BUT MY AGE IS 34 M I ELIGBLE

  • Avinash

    Hi Raj,

    I applied for RBI Grade B recently. My percentage in graduation is 60.78% however my CGPA is 2.85 on a scale of 4. Could you tell me how to normalise this into a scale of 10? I also have a post graduation from Amity University.Noida with CGPA of 7.57 (67.78% marks). Am I eligible for this exam?

    • http://www.rajmanglam.com raj

      .
      How To Calculate Grading Score For Eligibility Criteria ?:

      If your score is in CGPA or Grade Scale in such case the score in percentage will be counted based on below pattern :
      Equivalent CGPA/OGPA/CPI or similar terminologies allotted on a 10-point scale
      Class / Division
      Aggregate Percentage of Marks
      6.75
      I (First)
      60%
      6.25
      II (Second)
      55%
      5.75
      II (Second)
      50%

  • Arun

    Completed graduation in correspondence, but have an MBA in regular 2 year course. Am i eligible to apply as advt says first class in graduation or mba regular.

    • http://www.rajmanglam.com raj

      Yes

  • Pooja

    I have completed MCA from Manipal Institute of Technology,Manipal in 2011. I have 10 months of work experience in Software Quality Assurance and 6 months experience in NON IT domain. Can i apply for RBI officer b grade post?

    • http://www.rajmanglam.com raj

      If MCA is affiliated as masters program..u r eligible

  • Kushagra

    They have mentioned that the exam is open for freshers and people with work ex.
    what are the chances of a fresher to become a b grade officer in Rbi.
    have you personally come across any fresher who is placed in this post in the previous recruitment processes??
    although i have applied for the exam,this aspect creates an impedance in my efforts for the preaperation.i feel like,even if i get good marks in Phase I and II,they will take job ex guys only.
    what are your honest opinions in this matter?

    • http://www.rajmanglam.com raj

      I let you know, every one has to pass the written exam…the previous recruitment shows that there are good percentage of Freshers…

  • Shweta

    Hello,
    Thanks for the informative post. I completed my graduation in 2009 but was interested in writing so got into advertising field. However, I want to appear for this exam due to the prestige and benefits it boasts of. But coming from a non-commercial or non-management background, is it possible to crack through level and level two papers? My general awareness about the socio-economic topics is very limited. Can you recommend something to improvise in that field?

    • http://www.rajmanglam.com raj

      Dedication and Motivation is important in passing any exam, If you go through the profile of RBI Officers in Grade B , you will be amazed to see that 90% are just graduate…The level of exam is not very tough, only you need to prepare and practice well. If i give RBI paper to class Xth or XIIth boy to solve, he/she may be able to solve it. It is time which differentiate ?

      • Shweta

        Hi,
        Can you tell me about the training centers and period of training for selected candidates?

        • http://www.rajmanglam.com raj

          It depends….but it doesn’t matter for you as now…

  • shruti

    hi… i have done my graduation from correspondance… yet that university is recognized by ugc. i got 74 % in graduation… am i eligible for rbi grade b.. ???
    plz rply..
    thnx and regards..

    • http://www.rajmanglam.com raj

      Correspondence course not eligible..they strictly asked for TWO year full time course

  • sangram

    Hello,
    I finished my graduation last year with 57% in b.com, i have completed my financial modeling and business analysis course and currently pursuing CFA from USA.
    Request guide me through the educational qualification for RBI grade B post.

    1. i know that i am not eligible via graduation route
    2. i can go for masters
    3. i should do PGD in management ( cause dont want to waste one extra year in Masters)

    I confuse on the above points. wht should i do ??

    • http://www.rajmanglam.com raj

      First confirm whether your masters is recognized by UGC or not…This is very much important to apply for RBI

  • nisha

    backlog contain in my semester so is it valid for applying ??

    • http://www.rajmanglam.com raj

      It doesn’t matter…Final degree must be with more than 60%

  • nisha

    hey , I just completed my engineering in computer .. but our result is not declared now so shall i eligible for this job ??

    • http://www.rajmanglam.com raj

      results must be declared by interview

  • arun

    what is the procedure of confirmation after 2 year probation,any exams or will get confirmed automatically after 2yrs.

    • http://www.rajmanglam.com raj

      COnfirmation automatic based on APAR (Annual Performance Appraisal)

  • Sunil Pal

    Hi , I am MBA with 65% way back in 2006 batch, right now I am in 31st year of my age I come under OBc category .. Can I apply for this RBI Grade B officer Job ???

    • http://www.rajmanglam.com raj

      Sure…

  • Rashmi

    they mention that selected individuals would be placed anywhere in india. Do they give preference location? specially for females, in case of familes. Any idea about people being alloted office somewhere very far from address mentioned.
    Please help

    • http://www.rajmanglam.com raj

      Candidates can be placed anywhere without any option…There is no preferences given to any type of candidates…

      • manoj

        If spouse is working in Jaipur central government then ?

        • http://www.rajmanglam.com raj

          What an issue…?

  • samarth

    sir..i am in third year im luking to apply for the post of garde b officer in rbi …. is mba necessary for the job??? what is the pay???

    • http://www.rajmanglam.com raj

      Even a first class graduate can appear for exam..just check eligibility criteria., starting sal would be appx 65000.

  • PRATIK

    Can anybody help me out i am littlebit confuce.

    my confusion is as follow
    i have completed my bcom with 75% in 2012. & i am currently working with small electricals suppluier business as Accountant
    so my question is can i apply in RBI for Job of Grade B officer. or Any other Suitable Same vacanci in RBI.. what will be procedure for its

    please guide me

    My Email : pratik.talavanekar091@gmail.com

    • http://www.rajmanglam.com raj

      U may apply..just go thru the criteria

  • Uday kiran

    I’m in the final semester of B.Tech and my CPI is 5.32. Am i elgible to the grade B exam??

    • http://www.rajmanglam.com raj

      NO

  • chaNakya

    Hi,
    I have a doubt. I am currently working with GOI, and my gross salary is around 70k/- month…
    In monetary terms only, Will it be useful if I switch to RBI?

    Actually, I am posted n south, and I want a posting in north, that is the motivation behind applying for the RBI..

    • http://www.rajmanglam.com raj

      I dnt knw the department u working for but it is also not guaranteed that you would not be posted at chennai..in RBI…

  • sarfraz shaikh

    what is difficulty level of the paper? can u please post some past papers?

    • http://www.rajmanglam.com raj

      As similar to ibps..will post some

  • Nirav

    Officer is grade B….. What is position in RBI hierarchy??? Assistant manager, manager?????

    Pls reply

    • http://www.rajmanglam.com raj

      Hierarchy is simple from Grade B officers to Deputy Governor….(few reaches at this level)

  • Pingback: RBI Grade B Officers Recruitment 2014,Apply Online()

  • sanjay

    Much awaited RBI Grade-B notification is OUT now =>

    Total vac 117 GEN 58, OBC 36, SC 15, ST 08.

    Phase 1 on 2/3/9/10 Aug.

    • http://www.rajmanglam.com raj

      Thx

  • devina shrivastava

    Hey i wanna ask dat is the po come in the post of grade B

    • http://www.rajmanglam.com raj

      Both are different

  • swetha

    when is the recruitment for RBI grade-B and assistant grade-B in 2014… is the notification out.. please let me know

    • http://www.rajmanglam.com raj

      No, not yet..It will be published here as soon as it was declared…Just subscribe us to get the notification..

  • gaurav

    Guys thanx a lot for sharing ur exp.well I have s few queries abt rbi grade b exam myself working in ubi as a branch manager my age is 29 @ present but when the adv.will b published I will b 30 till then so will I b eligible then , I have nearly 5 years banking exp. So I guess their mite be some exemption ??? N secondly presently my basic is 21700 n which is going to incremented soon n gross salary isvaround 50 k/ month .so in terms of salary will it be beneficial for me?? Plz help me out

    • http://www.rajmanglam.com raj

      RBI Maximum age is 33 years with year of experience…Salary would be indeed higher in RBI at this scale..I suppose you are in Scale II…

  • Sony kr. Singh

    Hello Sir…
    please let me know in which city / cities the training of a rbi b grade officer takes place and how long the training goes after their recruitment ?
    Thank you for such a nice post…

  • Yuvraj

    I have got 64 % in graduation and acc. to my university above 65% is first class.So let me know if I am eligible for Grade B.
    Thank you

  • Sagar

    I’m a Graduate in Bsc Mathematics, Physics and computers with an agregate of 50% from all the semesters. Am I Eligible to take up Grade B examination?

    • http://www.rajmanglam.com raj

      yes, plz verify details

  • mangesh

    Appeared for phase 2 of grade B exam.
    Satisfied with my attempt. I think I might get a call for interview.

    so want to know about grade b interviews. can’t find anything on web. plz post about the kind of questions asked.

    • srinivasan

      Could you pls tell me the book s you referred for the preparation

  • mukesh

    Is final year engineering student eligible for rbi grade b exam?

    • http://www.rajmanglam.com raj

      Yes,

      • Afsha patel

        I’m a Graduate in bcom n I got 60%. Am I Eligible to take up Grade B examination?

        • http://www.rajmanglam.com raj

          yes