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.

89 comments

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

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

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

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

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

  6. 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

    • 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…

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

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

  9. 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?

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

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