NABARD Grade A & Grade B Officer Job Profile, Salary, Perks & Promotions
Topics Covered: NABARD Grade A & B Officer Job Profile, Salary, Perks, Increments & Promotions (Career Growth)
The prospect of working in an institution like NABARD is considered to be prestigious in the country. It is an opportunity very few would ever let go off.
This is because the NABARD Grade B officers or the ones at the Grade A scale, after getting through the exhaustive selection procedures of NABARD, get to have a life that an average job-seeking youth can only dream of.
The NABARD being the apex cooperative bank of the nation, and also the apex body, assigned with the task of regulating and licensing of all the regional rural banks in the country, demands that its employees be extremely efficient and resourceful in their working.
To ensure such high standards among its employees, the establishment takes care of all their monetary and familial needs down to the last T.
The salary and perks that the company offers its employees are extremely lucrative and are one of the main reasons why so many students appear for the NABARD Grade A & Grade B officers’ recruitments every year.
Now, having read that, I know you might have questions regarding the Job profiles of the Grade A and B officers of NABARD, and the hierarchy in their career pyramid, and I have written about them in detail in the lines below.
Table of Content – NABARD Grade A & Grade B Officer Job Profile, Salary, Perks & Career Growth
NABARD Officers Job Profiles
I have mentioned below the details of the job profiles of NABARD Grade A and Grade B Officers.
That said, you should note that the Grade B post is hierarchically a step superior to the Grade A post, and in normal terms, Grade A officers are usually posted as assistant managers and the Grade B officers as managers.
NABARD Grade A Officer Job Profile
Since the NABARD Grade A 2023 notification has been released, the candidates must be aware about the details regarding the job profile after clearing the examination.
As far as the Grade A officer post is concerned, it is the first managerial post in the line of the NABARD managerial posts, and as I have already mentioned above, is an assistant manager by designation.
The job of a NABARD assistant manager includes many things. Some of the roles and responsibilities of the officer after getting selected are:
- The implementation and monitoring of the various Govt. schemes, policies, and programs pertaining to rural and agricultural development
- To help organise agrarian communities into forming their own stable cooperatives, and banks, among many other tasks.
- They are mandated with the task of financing and developing the agricultural sector of India
- Helping the nation’s agrarian communities to organise themselves into stable cooperatives, as well as enhancing their quality of life.
Once a NABARD Grade A officer starts his tenure, he faces a probation period of 2 years and is liable to be posted anywhere in India, barring his home state. However, the postings are usually in state capitals only.
To know more about the allowances & perks of NABARD Grade A officer 2023, check the latest NABARD Grade A recruitment notification
NABARD Grade B Officer Job Profile
The Grade B officer post is that of a manager and has responsibilities like monitoring accounting procedures, facilitating interdepartmental assignments, maintaining customer relations, ensuring coordination between various departments, and approving loans.
However, keep in mind that becoming a NABARD Grade A or Grade B Officer is no easy feat. You have to clear all the 3 phases of the selection process and each phase brings its own challenges. I would advise you guys to go through the latest exam pattern of Phase 1 & Phase 2 in detail.
Okay, so that was the NABARD Grade A and B Officers Job profiles, now let’s move on to their salary & perks. Let us start with those of a Grade A officer first, shall we?
NABARD Grade A Officer 2023: Revised Salary, Perks & Emoluments
This is perhaps the most awaited section for the candidates and for the right reasons!
Since NABARD was a part of RBI before 1982, it shares the same work culture as RBI, and the salary structure for every grade of officers was fixed.
Thus, there is a fixed amount assigned as the NABARD Grade A salary & perks as well, meaning a certain level of perks and allowances are the entitlements of Grade A Officers.
That said since this is one of the highest paying government jobs in the country. I will be writing down every pay scale in a very simple language to help you out understand the pay scale.
Last year in 2022, according to a latest notice by NABARD, there had been a major increase in the salary of a NABARD Grade A officer.
While the complete picture of the salary will be presented later with the attachment of salary slip. Yet, the figure can be assessed by taking into account the various components. And according to them the gross monthly salary of a NABARD Grade A officer will be approximately Rs. 1,00,000/-.
The basic NABARD Grade A Salary is Rs. 44,500/ – p.m. in the starting.
To provide a comprehensive understanding to you about the latest NABARD Grade A Salary, Manish sir has made a video on the topic, covering all the monetary aspects of the post.
As you keep on working in the organisation, your basic pay keeps on increasing as well.
Let’s discuss the allowances first and then we’ll talk about all the increments and promotions together.
NABARD Grade A Officer Salary Allowances
NABARD provides a lot of allowances to all the Grade A officers which have been mentioned below.
Another thing to note is that all these allowances and salary statements are given to you at the end of every month in the form of a NABARD Grade A salary slip.
House Rent Allowance (HRA):
I know the pain of going out of your hometown to some other area to work. Going away from your parents is difficult but NABARD tries to help you out by providing you a home.
HRA is given to the officers who couldn’t get accommodation from NABARD because the number of flats is limited.
Conveyance Allowance (CA):
Conveyance Allowance is basically the transportation cost paid to each and every NABARD Grade A officer from your home to the office every single day. It depends upon the declaration by you.
You get a Medical Allowance too in your NABARD Grade A salary slip every month. Is it for real? These allowances are also valid for the dependents of the employees.
Leave Fare Concession Travel (LFC):
You will get the LFC allowance. This can be availed once in two years, by the employee and his dependents to go anywhere in the world.
Bank Loan Facility:
Loans are given at very low rates of interest for Housing, Car, Education of children, Consumer Articles, Personal computers, etc.
Pension is a very common thing that every government employee draws after retirement.
Apart from the given perks, there is an Interest-free festival advance, Newspaper, book grant, Furnishing of Residence Allowance, Life Insurance Coverage, and Educational Leaves, etc. as per eligibility.
I believe that you loved all the allowances. NABARD does care about its employees and knows how to take care of them.
NABARD Grade A Officer Increments
Let’s understand the Grade A Officer Increments in detail through the following breakdown provided by NABARD in basic pay at regular time intervals:
|NABARD Grade A Salary Particulars||Details|
|Basic Pay||Rs.44,500/- p.m.|
|Pay-scale||44,500-2500 (4) - 54,500-2850 (7) - 74,450-2850 (4) - 85,850-3300 - (1) - 89,150 (17)|
|Additional Allowances||House Rent Allowance, Conveyance Allowance, Medical Allowanec, Leave Fare Concession Travel, Bank Loan Facility, Pension|
|Gross Monthly Salary||Rs. 1,00,000|
Remember this would be increments in basic pay, which at starting is Rs. 44,500 while your approximate gross pay would be Rs. 1,00,000.
NABARD Grade A Salary Slip 2023
To give you further detail about the salary of a NABARD Grade A officer, I am attaching an image providing information similar to the details mentioned in the salary slip of NABARD Grade A post.
You may ask, what is a salary slip?
A salary slip is a pay slip, which entails all the monetary inclusions that an officer receives.
Basic pay, Allowances, Benefits, Perks, etc., all these attributes are showcased in a salary slip.
While every job has a different salary slip, I will focus on NABARD Grade A Salary Slip.
The NABARD Grade A officer Salary slip 2023 is made up of the following contents:
- Local Compensatory Allowance
- House Rent Allowance
- Dearness Allowance
- Grade Allowance
- Family Allowance
- Dispensary Allowance
- Furniture Allowance
These are all the premier aspects covered in the NABARD Grade A Pay slip 2023. Alongside these many more are included.
Now, to bring the numbers game again, for your reference I am providing the latest Salary Slip of NABARD Grade A officer.
Go, through the slip and observe how every expense of the Grade A officer is borne by the apex institute.
Guess what. This is without a single promotion. So let’s talk about the promotions now.
NABARD Grade A Officer Promotions
Let us talk about the Promotions, or the NABARD Career growth to get a better idea about the long-term work-life of an officer.
It is a fact that you are going to work hard during your job and get ahead in your NABARD career, in the form of promotions from time to time. Promotions definitely bring in prestige and salary hike.
So why not look into it right now.
You join the organisation as an Assistant Manager after clearing all the NABARD Grade A exams.
To help you in effective preparation for NABARD Grade A exam, you can check the NABARD Grade A exam analysis I have provided.
You will be getting higher in the NABARD career ladder, only after going through the departmental exams and interviews.
The hierarchy of posts right from the post of Assistant Manager is as follows –
- Assistant Manager
- Assistant General Manager
- Deputy General Manager
- General Manager
- Chief General Manager
- Executive Director
I would like to pinpoint here that the Assistant General Manager post is a highly prestigious post, though it comes with its own set of challenges.
You can be posted as a District Development Manager (DDM) in a rural district that works from a residence cum office.
NABARD Grade B Officer 2023: Revised Salary, Perks, and Emoluments
As per the latest intimation, NABARD Grade B salary in 2023 is more or less likely to remain the same as NABARD Grade B 2022 salary slip.
Okay, so talking about the salary of a NABARD Grade B officer, it is pretty handsome as well.
Now, like the NABARD Grade A, Grade B also has a fixed salary, apart from the perks and allowances that the officers are entitled to enjoy.
Talking about the Gross monthly salary that you’ll receive after you become a NABARD Grade B officer, it is Rs. 78,000 /-, but remember this is not the in-hand salary.
So the basic NABARD Grade B Salary is Rs. 35,150/ – p.m. in the starting.
Also, similar to what I had written for the Grade A, here too, your basic pay will keep on increasing as you work in the organisation.
Talking about the Grade B allowances and perks, they are similar to what a Grade A officer receives. Therefore if you want to know about the same for the post of NABARD Grade B, I’d advise you to go through the section of “NABARD Grade A Officer Salary Allowances” written above, one more time.
Now let’s glance through the topic of the Grade B Increments.
NABARD Grade B Officer Increments
Let’s talk about the increments given by NABARD over the years. I have mentioned the Basic Pay of NABARD Grade B with the increments in regular time intervals, below:
- Initial Basic Pay is Rs. 35150 as mentioned above with a yearly increment of Rs. 1750 for 9 years
- After 9 years, Rs. 50900 is your basic pay and yearly increment of Rs. 1750 for the next 2 years.
- Then your basic pay is Rs. 54400, with a yearly increment of Rs. 2000 for 4 years
- After that, you end up with basic pay of Rs. 62400/- pm, but again, this is without a single promotion.
Thus, the NABARD Grade B Officer Basic Salary after around 16 years of service is Rs. 62400/- and this is when you don’t take any promotions.
To get an idea about the Promotions you can refer to the section of “NABARD Grade A increments”, seeing that the Grade B post is basically the manager post.
That brings us to the end of this lengthy but hopefully informative article. Till now, we have discussed everything about NABARD Grade A salary, perks, allowances mentioned in the salary slip along with the NABARD Grade B salary and the various promotions.
I hope you find this detailed information helpful in your preparation for the exam. I shall now take your leave and wish you good luck for the future.
All the Best!!
About Anuj Jindal
Anuj Jindal, the founder, is an ex-manager from SBI, with an M.Com from Delhi School of Economics. He also has a JRF in Commerce & Management and NET in HRM, along with more than 5 years of experience in the field of Education.
FAQs: NABARD Grade A & Grade B Officer Job Profile, Salary, Perks & Career Growth
Is NABARD job (Grade A or Grade B Officer) good/desirable?
Working at NABARD is a dream harbored in the hearts of many, being an officer has a range of benefits, some of which are a great salary, job security, perks, and hefty allowances. Rest assured, if you are able to clear the Grade A or Grade B exams, you will be set for life. If you want to know about the NABARD Grade A and Grade B salary, perks, and allowances in detail, click here.
What is the difference between Grade A and Grade B officer?
The main difference is that the Grade A post is that of a NABARD Assistant Manager, while the Grade B post is that of a NABARD Manager.
Also, salary and perks wise, the salary of the Grade B officer is more than that of the Grade A officer. Furthermore, there are separate recruitments that are held for each of them every year. Check the detailed salary structure here.
What is the in-hand salary of a NABARD Grade B Officer (Manager)?
The in-hand salary of a NABARD Grade B officer, Manager by designation, is 35,150/- in the beginning.
Pay Scale: Rs.35150 – 1750 (9) – 50900 – EB – 1750(2) – 54400 – 2000 (4) – 62400 (16 years).
To explain the pay scale – As more and more time passes the NABARD Grade B officer’s in-hand salary increases. It increases to 50,900/- after 9 years, and after 2 years after that, the amount goes up to 54,400/-. Then after 4 more years, the in-hand salary becomes 62,400/- and stops at that. The Gross salary of the NABARD Grade B officer is Rs. 78,000/- per month.
However, all of this is the in-hand salary of the NABARD Grade B officer without any promotions.
What are the advantages of working in NABARD?
There are a great many advantages to working at NABARD:
- High salary and perks, and great allowances
- Chance to make a difference in the lives of rural and poverty-stricken Indian citizens
- Great work-life balance
- Enormous opportunities to learn newer and more varied things like forming SHGs, microfinance, etc.
To know more about the Job profile of Grade A & Grade B officers of NABARD, you can read the blog above.
Are NABARD Officers Posted in Rural Areas?
Nope, it’s a myth my friend. NABARD officers do not get posted to rural areas. I know, the job profile of NABARD officers might cause you to think otherwise, but the fact is that NABARD officers only get posted at the district headquarters, where they get their own office cum residences, not in the villages.
Also, the headquarter of NABARD is at Mumbai, and NABARD has its state headquarters in all of the state capitals. Being a NABARD officer, you’ll most likely be posted in one of these.
How is working at NABARD different from working at RBI?
So, as you all know, NABARD was a wing of the RBI before the year 1982, and it only became a separate organization after that. Therefore, the RBI and NABARD do have similar work cultures.
However, here’s the difference:
The RBI officers mainly work in the aspects of banking such as forex, govt. banks etc, but at NABARD, you’ll be solely working for the upliftment of the economic condition of the rural areas, through setting up microfinance units, cooperative banks, and setting regulations for the RRBs.
What is the career progression (promotion-cycle) of a NABARD Grade A Officer (Assistant Manager)?
Talking about the prospects of growth of an Assistant Manager at NABARD, it basically goes from Grade A to Grade B (Manager), then to Grade C (Assistant General Manager), and so on. That said, the promotions are usually awarded based on internal examinations conducted by NABARD itself, and there is no set norm to them, and according to the organization, the promotion pattern may also vary.
Furthermore, for higher-level promotions like Grade E (General Manager) – Grade F (Chief General Manager), the promotions are either time-based or are based on internal examinations, and sometimes on both.
To check all the promotion levels, follow this link.
Is NABARD Grade A officer post a Gazetted officer post?
No, the NABARD Grade A post is not a Gazetted Officer post.
However, there are a lot of perks and allowances that one can have after becoming a NABARD Grade A officer, not the mention the pretty decent basic monthly salary.
Are there any perks and allowances with NABARD Grade A Salary?Yes, the selected candidates are eligible for perks and allowances that come along with the NABARD Grade A salary. Some of the benefits and allowances are as follows:
- Local Compensatory Allowance
- House Rent Allowance
- Dearness Allowance
- Grade Allowance
- Family Allowance
- Dispensary Allowance
- Furniture Allowance