What is the maximum salary of an RBI Assistant before retirement?

Maximum salary of an RBI Assistant

Countless students fill out the application forms for different RBI Assistant exams every year in India, and dream of becoming RBI Assistant. RBI Assistant’s salary has been a major driving force for the candidates to pursue a career in the banking sector. Salary is one of the major reasons why the candidates want to enter into the banking domain, apart from the security, allowances, and perks it offers.

So, let’s check out the maximum salary of an RBI Assistant before retirement.

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RBI Assistant Salary

The basic salary of RBI Assistant is Rs 14,650 (Rs 13,150 with two advance increments to graduates). The pay scale is Rs 13,150-750(3)- 15,400-900(4)-19,000-1,200(6)-26,200 1,300(2)-28,800-1,480(3)-33,240-1750(1)-34,990 (20 years).

The initial pay is Rs 13,150 and with advance increments, it is Rs 14,650. After three years, the basic salary of candidates becomes Rs 15,400 with an increment of Rs 750.

The basic salary becomes Rs 19,000 with an increment of Rs 900 after four years. The basic salary after six years reaches Rs 26,200 with an increment of Rs 1,200. The maximum basic salary reaches Rs 34,990 after 20 years.

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Salary structure of RBI Assistant

Initial Salary	Rs 14,650
Payscale	Rs 13,150-Rs 34,990
Gross emoluments	Rs 36,091

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RBI Assistant Salary Perks and Allowances

Apart from the monthly salary, you’ll also be eligible for the cool allowances given below:

• Dearness Allowance
• House Rent Allowance
• City Compensatory Allowance
• Transport Allowance

Note: House rent allowance will not be paid to you as an employee if you’ll have the bank’s accommodation. The license fee will be recovered from you at 0.3% of pay at the starting stage of the pay scale of class III.

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RBI Assistant Perks

Below are the perks that you can receive after becoming an RBI Assistant:

• Bank’s accommodation subject to availability.
• Reimbursement of expenses for maintenance of vehicle for official purpose.
• Newspaper, briefcase, book grant, allowance for furnishing of residence, etc. as per eligibility.
• Dispensary facility besides reimbursement of medical expenses for OPD treatment or hospitalization as per eligibility.
• Leave fare concession & Interest-free festival advance.
• Loans and Advances at concessional rates of interest for housing, car, education, consumer articles, personal computer, etc.
• In addition to the benefit of gratuity, you will be governed by the Defined Contribution New Pension Scheme.

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After going to the information mentioned above you may have well gotten an idea about the maximum salary you can get at the time of your retirement as an Assistant at RBI. So, if you want a career as an RBI Assistant, you must gear up to cover every topic that makes up the RBI Assistant syllabus and clear the upcoming exam with the best RBI Assistant Mock Tests.  

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FAQs

Q: What is the highest salary in RBI?
The maximum basis salary of RBI is Rs 62400. And this is when an employee does not take any promotion.

Q: How many phases are there in the selection process of the RBI Assistant post?

There are three phases in the RBI Assistant selection process viz. Preliminary exam, Main exam, and Language Proficiency Test (LPT).

Q: Will the result of the Preliminary phase be announced separately?

Yes, the result for the Preliminary and Main phase exam will be released separately. Those who qualify for the Preliminary phase will be called for the Main phase and those who qualify for the Main phase will be called for the Language Proficiency Test (LPT).