RBI Grade B Job Profile, Career Progression & Salary: The Reserve Bank of India (RBI) offers lucrative salaries to Grade B officers. This apex banking institution in India not only offers an attractive salary package.
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The employees get perks and benefits for working in RBI as Grade B officers. RBI provides job security to its employees so, it is one of the most reputed government jobs in India. In this blog, we will discuss the RBI Grade B Job Profile, Career Progression, and Salary Growth.
RBI Grade B officer job is one of the most prestigious jobs in India. More than lakhs of candidates appear in the RBI Grade B examination every year. The salary package is Rs. 14 Lakh-Rs. 16 Lakh in metro cities Delhi and Mumbai. The payscale in INR is 55,200-2850(9)-80,850-EB-2850 (2)-86,550-3300(4)-99,750 (16 years). The Grade B officers working in RBI are eligible to get Perks and Allowances including Dearness Allowance, Local Allowance, House Rent Allowance, Family Allowance, and Grade Allowance. The initial monthly salary is Rs. 1,08,404 (approx). House Rent Allowance of 15% and is paid only if the accommodation is provided by the bank.
The total gross pay of a RBI Grade B officer is Rs. 1,08,404. The deduction made in the salary is of the value of Rs. 26, 436. The in-hand of a Grade B officer is discussed below:
Deductions Made in the Salary | Amount |
EE NPS Contribution Amount | 6509 |
Professional Tax-Spilt Period | 200 |
NPS Monthly Contribution | 13, 018 |
House Rent Recovery | 620 |
Meal Coupon Deduction | 400 |
MAF | 300 |
RBI Officer Association | 40 |
Sports Club Membership | 30 |
Income Tax | 5319 |
Total Deductions | 26, 436 |
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Candidates are offered the following perks as RBI Grade B officers:
The increment given to the RBI Grade B officer is summarized below:
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After completion of the training period, the candidates joining the Reserve Bank of India (RBI) as Grade B officers get the work departments financial markets, banking regulation, banking supervision, currency-issuing, public debt office, policy decisions, and planning.
The job profile and responsibilities of an RBI Grade B officer are currency circulation, managing government and central bank accounts, and supplying liquidity in the market. Candidates who joined as Grade B officers in RBI are eligible for internal promotions and career growth. The posts to which Grade B officers are promoted are given below:
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The Reserve Bank of India (RBI) conducts Phase 1, 2, and Interviews for the recruitment of Grade B officers. Candidates will appointed as Grade B officers. The probation period is of 2 years for the newly appointed Grade B in the Reserve Bank of India (RBI). The probation period may be extended on the candidate’s performance. Moreover, the Grade B officers are entitled to get a fixed remuneration with the perks and benefits. If the officers performance is up to the mark then, they can get the promotion.
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