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.
[button color=”red” size=”medium” link=”http://www.rajmanglam.com/career-education-jobs/career-rbi-grade-officer-jobs-recruitment-2015.html” target=”blank” ]RBI Grade B Officers Recruitment Notification 2015[/button]
Read Also : How To Pass RBI Grade B Phase-I exam Easily ?
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).
Upcoming Vacancy : RBI Grade ‘B’ 161 Job Vacancies 2017 – Apply Online
| 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 Basic salary and other emolument revised, Basic Pay : 35150/- with incremental of Rs 1750/- each year. After seventh pay commission Rs. 67,933/-(approx.).
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.
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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?
.
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%
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.
Yes
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?
If MCA is affiliated as masters program..u r eligible
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?
I let you know, every one has to pass the written exam…the previous recruitment shows that there are good percentage of Freshers…
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?
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 ?
Hi,
Can you tell me about the training centers and period of training for selected candidates?
It depends….but it doesn’t matter for you as now…