RBI Grade B Salary 2023, Revised Salary Structure, In-hand Salary

RBI Grade B Salary 2023: Reserve Bank of India offers a lucrative salary to its employees which is the major reason for lakhs of aspirants to appear in the exam. RBI Grade B is the Managerial Profile for Officers in Grade B (General) – DR, DEPR, and DSIM in the Common Seniority Group (CSG) that is responsible for the smooth functioning of the member banks in the Reserve Bank of India. As per RBI Grade B RBI Grade B gross salary has been increased to Rs. 1,08,404 (approximately). In this article, we have covered the complete RBI Grade B Salary Structure as per the previous RBI Grade B notification including basic pay, deductions, allowances, perks and in-hand salary.

RBI Grade B Salary Structure

The RBI Grade B starting basic pay scale is Rs. 55,200. The pay scale for RBI Grade B Officer is Rs. 55,200-2850(9)-80850-EB-2850(2)-86550-3300(4)-99750(16 years). The RBI Grade B Salary Structure has been tabulated below to give a clear vision about your doubts about RBI Grade B Salary.

RBI Grade B Result 2023 Out- Click to Check

RBI Grade B Salary- Deductions

An employee gets net pay after a deduction of a fixed amount from their gross salary. From the gross RBI Grade B Salary Rs. 1,08,404, the deduction of Rs. 26,436 amount is done for which the complete details have been mentioned in the below table. 

Click to check RBI Grade B Syllabus 2023 (Prelims + Mains)

Click to check RBI Grade B Cut Off (Previous Year)

RBI Grade B Salary Increment

The first increment of RBI Grade B Officer is done after 5 years of their service period. 

1. Receive an increment of - Rs. 1750 (up to 9 years )
2. After 9 years is over, your basic pay is: Receive an increment of - Rs. 50,900: Rs. 1750 (for the next 2 years)
3. Further increment of - Rs. 2000 ( for the next 4 years) / then basic pay is = Rs. 54400
4. After 16 years, the maximum basic pay will be Rs. 62400.

This amount will be received even without any single promotion after that certain period of time.

RBI Grade B Salary Perks & Allowances

Besides the basic pay, RBI Grade B Officers are offered several other perks & allowances. These additional benefits motivate the employees to work and keep the working environment healthy. 

i) Dearness Allowance: 31% of the basic pay as per 7th pay commission 

ii) Local allowance

iii) House Rent Allowance: RBI offers them an amount of 70,000 for settlement in metro cities like Mumbai. Usually one gets a 2/3 BHK flat. for those employees who had not got any flat.

iv) Family allowance 

v) Grade Allowance

vi) Special Allowances

vii) Medical Allowances: RBI employees get a medical allowance worth Rs. 4500 and other facilities too.

viii) Conveyance Allowance(C.A): Basically, it is paid on the basis of your declaration. For instance, the aspirants, who will be posted to Mumbai, will get an additional Rs. 14000 in hand.

ix) Education Allowance: Get education allowance for their children/The annual reimbursement amount for approximately INR 4000 per month

x) Loan Facility - RBI officers can avail of loans at cheaper rates for a vehicle, housing. 

RBI Grade B Salary- Growth and Promotion

Candidates who clear the RBI Grade B Exam are recruited at the post of Assistant in RBI. There is a hierarchy of ranks followed in RBI according to which RBI Grade B Officers receive promotions. Check the ranks that an RBI Grade B Officer can attain throughout his/her career path in the Reserve Bank of India.

1. Assistant Manager
2. Manager
3. Assistant General Manager
4. Deputy General Manager
5. General Manager
6. Chief General Manager
7. Principal Chief General Manager
8. Executive Director
9. Deputy Governor
10. Governor