RBI Grade B Officer Salary, Perks, and Emoluments

Stipend, salary and other types of incentives will give you an idea about the total salary of RBI Grade B officer that would be offered to you after the selection in this exam. The Reserve Bank of India (RBI) has 199 vacancies of  RBI Grade B Officers through Direct Recruitment. The online enrollments had started from 21st September 2019. The last date to apply online for the RBI Grade B Recruitment is 21st October 2019. Things that we are going to discuss in this article are- RBI grade B officer vacancy, RBI Grade B Salary and perks, selection procedure educational qualifications, allowances and all the other types of remunerations. RBI Grade B Salary and perks will help you to make a decision on the basis of pay but you should also consider the job profile of an RBI Grade B Officer before making a final decision.

RBI Grade B Selection Procedure

The Selection procedure of RBI Grade B Officer for the year 2019 will be done through an online examination, consisting of the following stages –

1. Phase I Exam (Preliminary)
2. Phase II Exam (Mains)
3. Interview

Candidates will be shortlisted for the interview, based on aggregate marks obtained in Paper-I, Paper-II and Paper-III of Phase II exam. The interview will carry around 50 marks.

RBI Grade B Officer Salary, Perks and Emoluments

RBI Grade B Officer is a standout amongst the most well-known job in the public sector of India. Consistently in excess of 1 lakh, people vie for around 150-200 posts in a three-organize process. RBI is exceptionally liberal in paying perks and Emoluments for even the smallest of expenses. The total cost to company (CTC) pays package accounts to be around 13 lacs in metro cities like Mumbai, Delhi, etc. Now, let us know the RBI Grade B officer salary, perks and Allowances understand how much salary you can draw as an RBI Grade B officer. 

• The salary of RBI Grade B Officer is Rs. 35,150/ – p.m. in the size of Rs. 35150-17 50(9)- 50900-EB-17 50(2)- 54400-2000(4)- 62400 (16 years) applicable to Officers in Grade B and they will likewise be qualified for Dearness Allowance, Local recompense, House Rent Allowance, Family Allowance, and Grade Allowance according to rules in drive every once in a while.
• At present, the initial RBI Grade B Salary and perks are approximately Rs. 77,208/- (Gross monthly)

• Including a few advantages like fuel recompense (150 Litre), housekeeper remuneration of 3000 every month, telephone stipend have additionally been given.

• Moreover, in RBI Grade B Officer, Highly qualified people can likewise apply for advance increments in the interview bio-data form. Likewise one can get two extra additions for clearing JAIIB and CAIIB exam, one for each.

• Dearness allowances (DA):

  DA of 113% of the normal salary of each employee. DA is revised to 125% after the 7 central pay commissions.

• House Rent Allowances (HRA):
  

  HRA is given to the officers who are living in different towns or urban areas and not in the place where they grew up. A Grade B Officer most likely large gets 2/3 BHK level contingent upon the accessibility in the city. In some cases, if someone has been not allocated a flat, RBI gives approx. Rs. 70000 for that in Mumbai and likewise in different urban areas.

• Conveyance allowance (CA):

  Conveyance allowance is paid on the basis of the declaration by you. At the Mumbai center, the amount is an additional 14000 in hand. Note:- 30 liters of extra petrol for all those living in Mumbai, Delhi, Chennai or Bangalore.

• Medical allowances (MA):
  

  Hospital expenses if proclaimed can be repaid. This stipend is legal for the trustable and true of the employee too. The Annual repayments of Medical approx-Rs 4000. and additionally free dispensary office other than repayment of medicinal costs for OPD treatment/hospitalization according to qualification.

• Education allowances:

  Not all, but selected officers will receive education allowances for their family. The Annual reimbursements of education allowances are up to Rs. 4000/per month.

• Leave Fare Concession Travel (LFC):

  One of the best perks of RBI is the LFC Travel allowance. Once in two years for self, spouse and eligible dependents. Bank provides around Rs 107000 per person for this.

• Bank Loan Facility:

  According to an ongoing 7th central pay commission revision, RBI has announced arrangements for advances in a united way. Officers can get credits and advances at a substantially less expensive rate for Housing, Vehicle, and Computers and so on and according to the bank’s policies.

• Briefcase Allowances: 

  BA is drawn by Grade A and B level officers. The Annual reimbursement of Briefcase is approx Rs- 7000/-. They can reimburse the price of the briefcase in every three years.

• Grade Allowance:

  2250 for Grade B officer starts after confirmation (end of probation).

• Special Allowance:

  2500 for Grade B officer starts after confirmation (end of probation). RBI also provides Food/Grocery Sodexo Coupons to its employees ~ Rs. 2000/-

• Pension:

  Pension is a very common thing that every government employee draws after retirement.

• RBI also provides employees with Sodexo meal
• Apart from the given perks, there is an Interest-free festival advance, Newspaper, telephone charges, book grant, Furnishing of Residence Allowance, Life Insurance Coverage, Medical Insurance, and Educational Leaves, etc. as per eligibility.

Note: Probation Period is of 2 years, extendable to 4 years.

RBI Grade B Salary Slip – RBI Grade B in hand Salary

The salary of RBI Grade B Officer varies according to the city you are posted in. RBI Grade B in hand salary is approximately around Rs. 53,000 whereas the gross RBI Grade B Salary after 7th pay commission goes up to Rs. 80,000. You can check the RBI Grade B Salary Slip provided below.