NABARD Grade A Salary 2022: National Bank for Agriculture and Rural Development (NABARD) is a single development financial institution or Apex-level bank which offers lucrative and handsome salaries to its employees. The employees enjoy all the benefits given to all the employees who work under the Central Government. The candidates who are going to apply for NABARD Grade-A Exam should now the detailed NABARD Grade A Salary Structure along with allowances offered to the candidates after their joining. In this article, we have discussed detailed NABARD Grade A salary, allowances, benefits and job responsibilities of the NABARD Grade A Officers.
NABARD Grade A Salary 2022
The initial basic pay for NABARD Grade A Officer is Rs.28,150/-p.m. in the scale of Rs. 28,150-1550(4 years)-34350-1750(7years) – 46600 - EB-1750 (4 years) - 53600-2000(1 year) - 55600. An increment of Rs. 1550 is accepted for the pursuant 4 years. Additional, with basic pay of Rs. 44,850, an increment of INR 1750 is accepted for the next seven years and so on. This makes the maximum average basic pay of NABARD Grade A Assistant Manager to be Rs. 55,600. At present, initial monthly gross emoluments are approximately Rs. 70,000/-
NABARD Grade A Salary Structure
The starting basic pay NABARD Grade A Salary has been raised to Rs. 28,150 along with Dearness Allowance, Local Compensatory Allowance, House Rent Allowance, Special Allowance, Family Allowance, and Grade Allowance. To the total earnings, there is also a deduction as per government rules. Check the complete NABARD Grade A Salary Structure from below tabular data.
|NABARD Grade A Salary Structure 2022|
|Particulars||Amount (in Rs.)|
|Basic Pay||Rs. 28,150|
|Dearness Allowance||Rs. 27,154|
|CCA/Local Allowance||Rs. 1408|
|Grade Allowance||Rs. 6000|
|Special Allowance||Rs. 1625|
|Family Allow||Rs. 1126|
|Spl Perq Allow||Rs. 2323|
|Total Earnings||Rs. 67,786|
|Net Pay||Rs. 58,733|
NABARD Grade A Salary- Increments
The 1st increment of NABARD Grade A Officer is Rs. 1550 which continues for four years. Check the year-wise increment chart for NABARD Assistant Manager Grade A posts.
|Time Period||Basic Pay (INR)||Increment (INR)|
|For the first four years||Rs. 28150||Rs. 1550|
|For the next 7 years||Rs. 34350||Rs. 1750|
|For the next 4 years||Rs. 46600||Rs. 1750|
|For the next 4 years||Rs. 53600||Rs. 2000 for 1 year|
|Max. Basic Pay||Rs. 55,600||Till retirement|
NABARD Grade A Salary- Deductions
There is some fixed amount that is been deducted from total earnings. Check deduction for Provident fund, medical premium, income tax, and other parameters from the below table.
|Prov. Fund/NPS||Rs. 6130|
|Medical Premium||Rs. 180|
|Lounge Subs||Rs. 400|
|Income Tax||Rs. 2323|
|Relief Fund Contribution||Rs. 200|
|Total Deduction||Rs. 9053|
NABARD Grade A Probation Period
When candidates are recruited into NABARD, they are given training and must undergo a probation period of 2 years (extendable to 1 additional year). Trainees are explained their job roles & responsibilities during this period. At the end of the probation, they’re confirmed to the position of Assistant Managers and are posted at one of the regional banks of NABARD.
NABARD Grade A Job Profile
Once you are posted at one of the banks as an Assistant Manager, you will be assigned to a department that will be respective to your qualification. Here, at the regional NABARD office, you will report to the Chief General Manager (CGM).
Responsibilities of a Grade ‘A’ Assistant Manager
Work under the Manager & handle all clerical work assigned by the CGM.
Dealing with policy matters pertaining to Agriculture & Rural development of various State and Central Government programs.
Encompassing the activities in rural areas in Association with Banking Industry and the State Government.
NABARD Grade A Salary- Career Growth & Promotion
The candidates who will be selected for the NABARD Grade A post will further be promoted through departmental exams and interviews. The NABARD Grade A is a managerial post and the hierarchy of the promotion is as follows:
- Assistant Manager
- Assistant General Manager
- Deputy General Manager
- General Manager
- Chief General Manager
- Executive Director