RBI Assistant Salary 2023, Revised In-hand Salary, Pay Scale, Allowances

RBI Assistant Salary 2023: 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. RBI has revised the RBI Assistant Salary last year as detailed in the RBI Assistant Notification. In this article, we have discussed the revised RBI Assistant Salary, check details here.

RBI Assistant Salary Structure

The initial basic pay of RBI Assistant is INR 20,700/- per month (as per revised salary) with a pay scale of INR 20700 – 1200 (3) – 24300 – 1440 (4) - 30060 – 1920 (6) – 41580 – 2080 (2) – 45740 – 2370 (3) – 52850 – 2850 – 55700 (20 years) salary structure given below is on the pay scale details. The revised gross salary of an RBI Assistant is INR. 45,050/- per month including Dearness Allowance, House Rent Allowance, City Compensatory Allowance, Transport Allowance etc. In case, the employees are not staying the apartments, they will be paid with House Allowance- 15% of Pay additionally.

RBI Assistant Salary Structure 2023

As per the revised RBI Assistant Salary Structure 2023, the starting basic pay of the RBI Assistant profile is INR 20,700/- which eventually increases with experience. The gross salary for an assistant in RBI is INR 45,050/- and the net in-hand salary is around INR 40,000/-. The detailed RBI Assistant Salary 2023 has been discussed in the below table. 

RBI Assistant Prelims Result 2023 Out- Click to Check

RBI Assistant Mains Admit Card 2023- Click to Check

RBI Assistant Salary Deductions

Within the gross salary, the EE NPS Contrib Amount, Prof Tax- split period, Meal Coupon Deduction, MAF, All India RBI Employee, and other deductions are made. An amount of INR 3575 is deducted from the gross pay of an RBI Assistant which has been elaborated in below table- 

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 Previous Year Question Paper- Download PDF

RBI Assistant Salary Slip

The salary slip of an experienced RBI Assistant employee currently working at Reserve Bank of India is attached below for reference. 

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 the 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 their 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

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