RBI Assistant Salary: A Comprehensive Guide

Any student who wants to apply for the RBI Assistant exam would like to know its Job Profile and Salary details and how much will the salary grow in the next 5 years. It is also important to know the work profile, in-hand salary, posting locations, and the career growth opportunities that the RBI Assistant job offers, before applying for the exam. The knowledge of the salary and job profile gives a clear idea about the roles and responsibilities an assistant will have to take care of.

The basic salary of an RBI Assistant is INR 14,650. Other than the basic pay, RBI assistants will get increments and incentives awarded by the central government of India. The salary structure of RBI Assistant improved reasonably after the 7th pay commission.

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According to the new salary structure, the basic pay is INR 13,150 with two added increments (for graduates only), which amounts to INR 14,650.

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RBI Assistant Pay Scale 2021

Candidates who will become RBI Assistants will receive a basic pay of ₹ 14,650/- per month (i.e., ₹ 13,150 plus two advance increments admissible to graduates) in the scale of 13,150-750 (3)-15,400- 900(4) -19,000-1,200(6)-26,200-1300 (2)-28,800- 1,480(3) – 33,240 – 1750 (1)- 34,990 (20 years).

In addition, the selected candidates will also get various other perks and allowances like:

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

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RBI Assistant Salary after 5 Years

Years in Service Salary Increment
First 3 years ₹13,150 ₹ 750
Next 4 years ₹ 15,400 ₹ 900
Next 6 years ₹ 19,000 ₹ 1,200
Next 2 years ₹ 26,200 ₹ 1,300
Next 5 years ₹ 28,800 ₹ 1,480
Next 1 year ₹ 33,240 ₹ 1,750
20 years ₹ 34,990

RBI Assistant in Hand Salary & Allowances

Presently, the initial monthly Gross emoluments for Assistants is approximately ₹ 36,091/-.

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RBI Assistant Perks

Along with the above-mentioned salary, a candidate after selection, as an RBI Assistant also receives the following perks of the Reserve Bank of India:

  • Housing Accommodation (subject to availability)
  • Reimbursement of expenses for maintenance of vehicle for official purpose
  • Briefcase
  • Newspaper
  • Book Grant
  • Allowance for furnishing of residence (as per eligibility)
  • Dispensary facility besides reimbursement of medical expenses of OPD treatment/hospitalization (as per eligibility)
  • Interest-free Festival Advance
  • Leave Fare Concession (Once in two years for self, spouse, and eligible dependents)
  • Loans and Advances at concessional rates of interest for Housing, Car, Education, Consumer Articles, Personal Computer, etc.

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RBI Assistant Career Growth

The Promotions for most posts at RBI are given every two years, including RBI Assistants. RBI Assistants move up the ladder gradually to a higher-level position in a certain period of time. The promotions take place normally or through merit.

Normal process: The employee will have to take an internal exam with questions limited to the workings, services, functions of the Bank.  

Merit-based Promotions: Another way to get promoted is through JAIIB or CAIIB diplomas. The Indian Institute of Banking and Finance (IIBF) conducts these banking exams for Banking employees.

Scale 1 Officer/Assistant Manager (Grade A)
Scale 2 Manager (Grade B)
Scale 3 Senior Manager (Grade C)
Scale 4 Chief Manager (Grade D)
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Benefits of RBI Assistant Mock Test Series

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Conclusion

From what we have discussed in this article and from the table given above, it is clear now that with the salary increments the RBI assistant will increase to ₹ 28,800 Next 5 years.          

Mock Tests are the best key to unlocking the door to success! Hence, you need to attempt Mock Tests regularly to make your success journey easy!               

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Asad Yar Khan

I write and oversee the creation of informative educational blogs centering around study strategies, exam techniques, and more, to guide aspirants in clearing SSC, banking, engineering, and other competitive exams. I ensure a range of subjects are covered with precision and clarity. With over 7 years of diverse writing experience, I share a wealth of wisdom and expertise with thousands of students, through PracticeMock every day, helping them achieve their goals.

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