RBI Grade B Salary 2023, Check All Details Here

RBI Grade B Salary: RBI Grade B Officers in Grade B (DR) – General and Officers in Grade B (DR) – DEPR/DSIM will draw an initial basic pay of ₹ 55,200/- per month in the pay scale of Rs. 55200-2850(9)-80850-EB-2850(2) – 86550-3300(4)-99750.

RBI Grade B Salary 2023: Reserve Bank of India is the apex body that conducts the recruitment drive for the selection of eligible candidates for the posts of RBI Grade B including RBI Grade B Officer (General), RBI Grade B Officer – DEPR, and RBI Grade B Officer – DSIM. ,

The selection process for RBI Grade B Officers in Grade B (DR) – General and Officers in Grade B (DR) – DEPR/DSIM consists of a written examination followed by an interview round. Candidates who qualify for all the rounds become eligible for placement on the RBI Grade B profile.

In this article, we have discussed the detailed RBI Grade B Salary, Annual Package, Salary Structure, Perks, Job Profile, and Career Growth.

RBI Grade B Recruitment 2023 Important Dates

events important dates
RBI Grade B Application Start Date April 2023 (tentative)
rbi grade b application closing date to be announced
RBI Grade B Officer – Common Exam Date (Phase-1) to be announced
RBI Grade B Officer – Common Exam Date (Phase-2) to be announced
RBI Grade B Officer – DEPR & DSIM (Phase-I / Paper I) Date to be announced
RBI Grade B Officer – DEPR & DSIM (Phase-II / Paper II & III) Date to be announced

RBI Grade B Annual Package

The annual package of an RBI Grade B officer consists of several components such as basic pay, perks, and benefits. Also, the total annual package of RBI Grade B Officer depends on several factors such as level of experience, place of posting, and other perks and benefits.

At present, the bank has stipulated that the candidates shall draw equal to the basic pay ₹55,200/- p.m. In addition, several allowances will also be added which make the monthly salary hefty.

With this, the RBI Grade B annual package for officers in Grade B (DR) – General and for officers in Grade B (DR) – DEPR/DSIM will be between Rs 12 lakh to Rs 13 lakh.

 

RBI Grade B Salary 2023

Candidates who qualify for all rounds of the RBI Grade B selection process, written test, and interview are appointed as Officers in Grade B (DR) – General or Grade B (DR) – DEPR / DSIM.

Candidates will draw an initial basic pay of ₹ 55,200/-pm in the pay scale of Rs. 55200-2850(9)-80850-EB-2850(2) – 86550-3300(4)-99750 (16 Years). At present, the monthly salary applicable for RBI Grade B Officer is Rs.1,08,404/- (approx).

RBI Grade B Salary Structure

As per the official notification, candidates will be paid a salary including basic pay with all allowances. The Bank has fixed a common basic pay for both Officers in Grade B (DR) – General and Officers in Grade B (DR) – DEPR/DSIM.

The candidate will also be eligible for a House Rent Allowance equal to 15% of Basic Pay if the accommodation is not provided by the Bank.

Candidates having very high educational or professional qualification/experience will be eligible to get a maximum of four advance increments.

Here, in the table below, check out the detailed RBI Grade B Salary Structure:

RBI Grade B Salary Details Quantity
basic salary Rupee. 55,200
grade allowances Rupee. 6,800
dearness allowance Rupee. 23,144
housing allowance Rupee. 5273
cvps incentive Rupee. 827
special prerequisite allowances Rupee. 1465
Special Allowances – Direct Recruitment Rupee. 1800
local compensatory allowances Rupee. 3664
food allowance Rupee. 160
gross pay Rupee. 1,08,404

RBI Grade B Perks, Benefits

In addition to the above salary, selected candidates will also get the following allowances in addition to the RBI Grade B Pay. Check out the full list below:

  • dearness allowance
  • local allowance
  • house rent allowance
  • family allowance
  • Grade Allowance as per rules in force from time to time
  • bank accommodation
  • Vehicle telephone charge for official purposes
  • Newspaper
  • book grant
  • allowance for furnishing of residence
  • Free dispensary facility apart from reimbursement of medical expenses for OPD treatment/hospitalization as per eligibility
  • interest-free festival advance
  • Leave Travel Allowance (once in two years for self, spouse, and eligible dependents)
  • Loans and advances at concessional interest rates for housing vehicles, education, consumer articles, personal computers, etc.

RBI Grade B Job Profile

Candidates who went through the recruitment for the post of Officer in Gr. B (DR) will join the General Cadre of General Stream. While those selected from recruitment to the post of Grade B DR DEPR/DSIM stream will join DEPR/DSIM cadre.

Here is the section below, check the detailed job profile for both posts:

RBI Grade B Post job profile
Officer in Gr. B (DR) General
  • conduct monetary policy operations
  • supervision and regulation
  • Management of Government Accounts
  • research and analysis
  • external communication
  • monitoring, risk assessment
Grade B DR DEPR/DSIM
  • Conducting economic research and analysis on various issues relating to monetary policy, financial stability, and economic growth
  • Collecting and analyzing data from a variety of sources to support economic research
  • Develop and maintain economic models and forecasts
  • To analyze various policy issues related to monetary policy, financial stability

RBI Grade B Career Growth & Promotion

Candidates joining RBI Grade B will be initially placed on a probation period of two years. However, this period can be extended up to four years. After the completion of this period, the candidates will be eligible for the promotion. The Bank will conduct the internal test from time to time which has to be qualified by the candidates.

After qualifying for this departmental exam, candidates will be promoted to higher posts. View the promotion hierarchy applicable to RBI Grade B Officers in Grade B (DR) – General and Grade B (DR) – Officers in DEPR/DSIM.

  • Assistant Manager (AM)
  • Manager Grade B
  • Assistant General Manager (AGM) Grade C
  • Deputy General Manager (DGM)
  • general manager
  • Chief General Manager
  • Executive Director
  • deputy governor
  • Governor

general question

Where can I check RBI Grade B Salary 2023?

Jagran Josh. Read this article to know the detailed RBI Grade B Salary Structure, Perks and Perks etc.

What are the allowances and perks applicable for RBI Grade B?

Dearness Allowance, Housing Allowance, CVPS Incentive, Special Prerequisite Allowance, Special Allowance- Direct Recruitment, Local Compensatory Allowance Food Allowance, etc. are applicable for RBI Grade B.

What is the Annual Package for RBI Grade B?

Candidates joining as RBI Grade B are eligible to get an annual package equivalent to Rs 12,00,000. This annual package includes basic pay and allowances.

Is RBI eligible for career growth after a Grade B appointment?

Yes, candidates can appear in the promotional test conducted by the authorities from time to time after joining the organization to get a promotion to higher posts. The promotion hierarchy for RBI Grade B is as Assistant Manager (AM), Manager Grade B, Assistant General Manager (AGM) Grade C, etc.

What is the probation period for RBI Grade B 2023?

Candidates joining RBI Grade B will be initially placed on a probation period of two years. However, this period can be extended up to four years.

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