RBI Assistant Salary 2021, Check In-hand Salary, Pay Scale, Perks, Allowances

RBI Assistant Salary 2021: Salary, Perks, Emoluments, etc. are some of those things which attract candidates. Reserve Bank of India is a prestigious bank of India and it provides eye-catching salary and perks to its employees. Working in RBI is the dream of every aspirant who’s preparing for a banking job. Reserve Bank of India gives a no. of perks and incentives to its employees and with salary, it provides work-life balance to its employees. In this article, we have mentioned gross salary, in-hand salary, perks, and other allowances.

RBI Assistant Salary Structure

The initial basic pay of RBI Assistant is Rs. 14,650/- per month (including 2 advanced increments) with a pay scale of Rs. 13150– 750(3) – 15400 – 900(4) – 19000 – 1200(6) – 26200 – 1300(2) – 28800 –1480(3)– 33240 – 1750(1) – 34990 (20 years)salary structure given below is on the pay scale of the 7th pay commission. The in-hand salary of an RBI Assistant is Rs.33,148/- per month. Have a look at the table given below

RBI Assistant Salary Structure 2021

RBI Assistant Salary 2021
ParticularDetails
Basic PayRs. 14,650/-
Additional Rs. 265/-
Grade AllowanceRs. 2200/-
Dearness AllowanceRs. 12,587/-
Transport AllowanceRs. 1000/-
House Rent AllowanceRs. 2238/-
Special AllowanceRs. 2040/-
Local Compensatory AllowanceRs. 1743/-
Gross payRs. 36, 723/-
DeductionRs. 3,575/-
Net PayRs.33,148/-

RBI Assistant 2021 Notification- Click to Check

RBI Assistant Salary Deductions

An amount of Rs. 3575 is deducted from the net gross pay of an RBI Assistant which has been elaborated in the below table- 

RBI Assistant Salary Deductions
DeductionsAmount
EE NPS Contrib AmountRs. 2,970/-
Prof Tax- split periodRs. 200/-
Meal Coupon DeductionRs. 160/-
MAFRs. 225/-
All India RBI EmployeeRs. 10/-
Sports Club MembershipRs. 10/-
Total Rs. 3,375/-

RBI Assistant Salary- Perks and Allowances

The perks and allowances provided to an RBI Assistant are an added advantage to the RBI Assistant salary. The allowances provided to an RBI Assistant are given below:

  1. Dearness Allowance
  2. House Rent Allowance (if accommodation is not provided)
  3. Compensatory Allowance
  4. Transport Allowance

House Rent Allowance(HRA)  will not be paid to the employee if Bank’s accommodation is provided and the license fee will be recovered from her/him @ 0.3% of pay at the starting stage of the pay scale of Class III.

The perquisites provided to an RBI Assistant are given below:

  1. Bank’s accommodation subject to availability
  2. Reimbursement of expenses for maintenance of vehicle for official purpose
  3. Newspaper, Briefcase, Book Grant, Allowance for furnishing of residence, etc. as per eligibility
  4. Dispensary facility besides reimbursement of medical expenses for OPD treatment or hospitalization as per eligibility.
  5. Interest-free Festival Advance
  6. Leave Fare Concession
  7. Loans and Advances at concessional rates of interest for Housing, Car, Education, Consumer Articles, Personal Computer, etc. It will be available to regular employees who will put in at least two years of service.
  8. The recruits will be governed by the Defined Contribution New Pension Scheme, in addition to the benefit of Gratuity.

RBI Assistant Job Profile

RBI Assistant is a clerical level post, Selected candidates will be posted in various regional offices of RBI and these offices are mainly located in state capitals. Candidates who got recruited for the RBI Assistant post have the following responsibilities:

  1. Candidates working on the RBI Assistant post have to Maintain files which include the collection of receipts, maintaining of Ledger, Balance tally, etc.
  2. Data Entry – Entering day-to-day transactions on a computer.
  3. Replying and maintaining Email logs
  4. Replying to RTI(Right to Information) Queries
  5. Currency Issue & Circulation
  6. Selected candidates need to verify Banking Document
  7. Attending to the Government Treasury Work
  8. Coordinating with the higher authorities in terms of work.
  9. RBI provides 5 working days in a week with gazetted holidays.

RBI Assistant Salary- Career Growth

  1. Candidates who have been posted as RBI Assistant will get multiple chances to get promoted to higher levels.
  2. To get promoted to the officer level, one has to give service for a minimum of 2 years to complete a bond period of a minimum of 2 years.
  3. After that, they have to apply and appear for the promotion test.
  4. There are two processes for an RBI assistant to get promoted to a Grade A officer level.
  5. Normal process: In this process, candidates have to qualify for the written test, and based on the experience or seniority in the bank services, he/she will be selected as an officer
  6. Merit-basis process: Candidates have to render a minimum of 2 years of service as an RBI Assistant with a JAIIB and CAIIB diploma conducted by the Indian Institute of Banking and Finance (IIBF) is compulsory with a graduation degree.

Selected candidates as an RBI Assistant will be able to get promotions on various officer grade posts, which are listed below-

  1. Scale 1 – Officer/Assistant Manager, Grade -A
  2. Scale 2 – Manager, Grade- B
  3. Scale 3 – Senior Manager, Grade- C
  4. Scale 4 – Chief Manager, Grade -D

Click Here to View RRB Assistant Syllabus & Exam Pattern

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RBI Assistant Salary 2021: FAQs

Q . What is the basic pay of an RBI Assistant?

Ans. The basic pay of an RBI Assistant is Rs. 14,650 per month.

Q. What is the in-hand salary of an RBI Assistant?

The in-hand salary of an RBI Assistant is Rs.33,148/- per month.

Q. What is the job profile of an RBI Assistant?

The job profile of RBI Assistant is to maintain files, verification of documents, managing the proper circulation of currency, and maintenance of ledger.