The candidates can check the details on RBI Grade B Salary 2024, salary structure, perks and allowances, probation and much more in the below article.
RBI Grade B Salary 2024
Reserve Bank of India is one of the best-paying government jobs with good salaries in allowances to its Grade B employees. The attractive salary package of grade B officers makes it one of the most sought-after jobs in the banking Sector of India. Along with the handsome RBI grade B salary 2024, the Reserve Bank of India provides a basic salary, various allowances, and perks which all together make for a profitable total pay.
The Reserve Bank of India has revised the RBI grade B salary in 2022, and the gross salary was increased to Rs. 1,08,404 (aproximately). The RBI grade B salary was also increased to Rs. 55,200 per month. RBI is one of the most prestigious job profiles with security, and respect. RBI offers an annual package to candidates who will be selected as a great B officer of around 20 to 24 lakh. The Reserve Bank of India provides a plethora of growth opportunities and careers. The RBI grade B salary motivates the candidate to continue pursuing a position with RBI. Here we have provided RBI grade B salary, pay scale, in-hand salary, job profile, and career growth.
RBI Grade B Salary 2024
The Reserve Bank of India is one of the most prestigious jobs in the country. In the RBI grade B exam every year more than one lakh candidates appear. RBI offers a very good RBI grade B salary package to the officers. The basic salary of RBI is Rs 55,200/- Per month. The pay scale is INR 55,200-2850(9)-80,850-EB-2850 (2)-86,550-3300(4)-99,750 (16 years). The allowances in RBI grade B salary is dearness allowance, local allowance, house rent allowance, family allowances and grade allowances.
In metro cities like Mumbai and Delhi RBI Grade B salary package is around Rs 14-16 lakh in metro cities such as Mumbai, Delhi, etc.
Links Related to RBI Grade B
| RBI Grade 2024 | RBI Grade B Syllabus & Exam Pattern 2024 |
| RBI Grade B Notification 2024 | RBI Grade B Salary |
RBI Grade B Salary After 7th Pay Commission
Candidates can check here the revised salary structure of RBI grade B: Basic pay, Pay scale and Gross emoluments.
| Parameters | RBI Grade B Salary (In INR) (Previous) | RBI Grade B Salary (In INR) (Revised) |
|---|---|---|
| Basic pay | 35,150 | 55,200 |
| Payscale | 35150-1750 (9)-50900-EB-1750 (2)-54400-2000 (4)-62400 | 55200-2850(9)-80850-EB-2850 (2) – 86550-3300(4)-99750 (16 years) |
| Gross emoluments | 77, 208 | 1,08,404 |
RBI Grade B Salary Increments
- As per the RBI the new scale of RBI grade B officer is INR 55,200-2850(9)-80,850-EB-2850 (2)-86,550-3300(4)-99,750 (16 years).
- Hence, the initial basic pay will be Rs. 55,200/-per month and increment will be Rs 2850 for up to 9 years of service.
- Over 9 years, the basic pay increase to Rs. 80,850 per month and again you will receive an increment of Rs. 2850 for next 2 years.
- now the basic pay will be Rs. 99750 for next 16 years.
RBI Grade B – Benefits, Perks & Allowances
Reserve Bank of India offers to the great B officer not only the basic pay but also numerous emolument like Dearness Allowance, family allowance, house rent allowance, Conveyance Allowance, Telephone Allownance, Medical Allowance, etc. Check the complete details listed below.
Dearness Allowance (D.A.)
Earlier RBI provide 113% of the basic pay that previously accounted for D.A. has now been revised to 125%.
House Rent Allowed (H.R.A)
RBI issue HRA to those employees who are posted out of their hometown. Also how is provided to the employee generally of 2 BHK flat.
Conveyance allowance (C.A)
on the basis of the declaration, C.A. is paid. For example, the additional in-hand amount in Mumbai is Rs. 14,000.
Medical Allowance (M.A)
RBI offers medical allowance of Rs. 4500 to RBI employees as well as to their dependents.
Education allowance
education allowance is given to the Employee’s children for approximately Rs. 4000.
Leave fair concession
LFC/LTC is provided once in every 2 years to the employee and his/ her family.
Bank Loan Facility
the RBI grade B officer can a whale for loan at cheaper rate for vehicle, housing, etc.
RBI Grade B Gross Deductions
| Deductions | Amount |
|---|---|
| EE NPS Contribution Amount | INR 6509 |
| Prof Tax-split period | INR 200 |
| BF EE NPS Monthly Contribution | INR 13,018 |
| House Rent Recovery | INR 620 |
| Meal Coupon Deduction | INR 400 |
| MAF | INR 300 |
| RBI Officers Association | INR 40 |
| Sports Club Membership | INR 30 |
| Income Fax | INR 5319 |
| Total Deductions | INR 26,436 |
RBI Grade B Career Progression
- Deputy Governor
- Executive Director
- Principal Chief General Manager
- Chief General Manager
- General Manager
- Deputy General Manager
- Asst. General Manager
- Manager (Grade B Officer)
FAQs on RBI Grade B Salary
What is the starting salary for RBI Grade B officer?
The starting basic pay for RBI grade B officer is 55,200 per month.
What are the main component of salary package
The salary package of RBI grade B officer consist of several components:
Basic pay, Dearness allowance, House rent allowance, Fuel allowance, Leave Fair concession, Medical allowance, Education allowance.
How often are salary increments given?
salary increment are given annually. The initial basic pay of Rs. 55,200 increases with the annual increment of Rs. 2850 for 9 years, followed by increment in executive band, leading to a final basic pay of Rs. 99750.