RBI Grade B Salary 2022: 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 A 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 Salary Structure|
|RBI Grade B Particular||Amount|
|Basic Pay||Rs. 55,200|
|Grade Allowances||Rs. 6,800|
|Dearness Allowances||Rs. 23,144|
|Housing Allowance||Rs. 5273|
|CVPS Incentives||Rs. 827|
|Special Prerequisite Allowances||Rs. 1465|
|Special Allowances- Direct Recruit||Rs. 1800|
|Local Compensatory Allowances||Rs. 3664|
|Meal Allowance||Rs. 160|
|Gross Pay||Rs. 1,08,404|
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.
|EE NPS Contrib Amount||Rs. 6509|
|Prof Tax-split period||Rs. 200|
|BF EE NPS Monthly Contrib||Rs. 13,018|
|House Rent Recovery||Rs. 620|
|Meal Coupon Deduction||Rs. 400|
|RBI Officers Association||Rs. 40|
|Sports Club Membership||Rs. 30|
|Income Fax||Rs. 5319|
|Total Deductions||Rs. 26,436|
RBI Grade B Salary Increment
The first increment of RBI Grade B Officer is done after 5 years of their service period.
- Receive an increment of - Rs. 1750 (up to 9 years )
- After 9 years is over, your basic pay is: Receive an increment of - Rs. 50,900: Rs. 1750 (for the next 2 years)
- Further increment of - Rs. 2000 ( for the next 4 years) / then basic pay is = Rs. 54400
- 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.
- Assistant Manager
- Assistant General Manager
- Deputy General Manager
- General Manager
- Chief General Manager
- Principal Chief General Manager
- Executive Director
- Deputy Governor