RBI Assistant: A dream job for any graduate

In this blog today, PracticeMock is going to cover a detailed analysis of the RBI Assistant job. The job of an assistant working at RBI is highly reputable. The job is lucrative in terms of salary and career growth. The official notification isn’t out yet. But it is being expected soon. Many aspirants every year wait eagerly for this very notification as it’s a preferred job for many and it also offers a route to enter RBI apart from the RBI Grade B examination.   

Important Dates

Here are all the important dates along with the tentative exam dates for Prelims & Mains:

Here are the following parameters included for the job analysis: 

1. Selection Process   
2. Job Profile   
3. Salary Structure   
4. Career Growth   
5. Posting/Transfer Policy   
6. Bond Signing    

A Basic Overview 

Selection Procedure    

The overall selection process is exactly the same for both exams.     

RBI Assistant Exam Pattern 2021   

For Phase 1 – Prelims – RBI Assistant Exam Pattern 2021   

Note: This will be an Online Test (Objective Based)   

0.25 negative marking will be applicable for every wrong answer   

For Phase 2 – Mains – RBI Assistant Exam Pattern 2021   

Salary Structure  

(i) Pay Scale:
Assistants will draw a starting basic pay of ₹ 20,700/- per month in the scale of ₹ 20700 – 1200 (3) – 24300 – 1440 (4) – 30060 – 1920 (6) – 41580 – 2080 (2) – 45740 – 2370 (3) – 52850 – 2850 – 55700 (20 years) and other allowances, viz. Dearness Allowance, House Rent Allowance, City Compensatory Allowance, Transport Allowance etc., as admissible from time to time. At present, the initial monthly Gross emoluments for Assistants will be approximately ₹ 45,050/-.
*House Allowance of 15% of Pay will be paid to employees additionally if they are not staying in Bank’s accommodation.

Eligibility Criteria

Bachelor’s degree in any discipline with a minimum of 50% marks (pass class for SC/ ST/ PWD candidates).   

The age can be between 20-28 years as of July 1, 2022.    

RBI Assistant BOND   

As an RBI assistant, you are obliged to sign a two-year bond. A bond signing is always looked down upon but it’s RBI efforts and cost which goes into training and sustaining an employee for two years. Other institutions might even have the same bond for more than two years. 

Career Growth Plan 

The Scale 1 Officer / Assistant Manager (Grade A)   

Scale 2  Manager (Grade B)   

Scale 3 Senior Manager (Grade C)   

The Scale 4 Chief Manager (Grade D)   

There are four officer level ranks that can be acquired for an RBI assistants as they swim through their careers.  

Work Culture at Reserve Bank of India 

The work pressure is not so tainting as of a bank clerk or of a probationary officer.  

Transfer Policy  

Transfers for an RBI Assistant may happen every 3 to 5 years.  RBI mostly has offices in metros, state capital, or in two-tier cities of India.  

Others Perks, Allowances, and Benefits 

• House rent allowance 
• Dearness allowance 
• Transport allowance 
• City compensatory allowance 
• Easy availability of bank loans
   

Conclusion

RBI Assistant by far is one of the finest and most rewarding entry-level government or banking job in India.

Find daily SBI Clerk and IBPS Clerk 2021 updates posted on our official Instagram handle as well.           

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Still, have some doubts about what we discussed in this blog? Then, leave your queries in the comment section below. We will surely respond to them. 

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