Nabard Salary: 5 Powerful Benefits to Unlock in 2024!

NABARD Salary plays a crucial role in attracting candidates to the NABARD Grade A officer position. The National Bank for Agricultural and Rural Development (NABARD) is a prestigious government institution that conducts the NABARD Grade A exam 2024. Aspiring candidates must successfully clear three phases to be eligible for recruitment. The NABARD Grade A officer salary is approximately INR 67,000 per month, along with various benefits and perks, making it a highly sought-after central government job. Understanding the job profile and salary structure is essential for candidates to make an informed career decision. Those preparing for the NABARD Grade A Recruitment 2024 should stay updated by regularly checking the official NABARD website for the latest notifications.

This article will explore the details of NABARD Salary, benefits, and career growth opportunities.

Understanding the NABARD Salary: Grade A Officer Salary Structure 2024

The NABARD assistant salary is around Rs 67,000. This figure includes various heads like basic pay, Dearness Allowance, House Rent Allowance, Family Allowance, Special Allowance and more.
The NABARD Grade A officer job details includes to works on agricultural and rural development programmes mandated by the central and state governments. They carry out tasks assigned by the Chief General Manager of RO.
After standard deductions, approximately the NABARD salary of Grade A officer rounds off to Rs. 58,733.

Let’s now look at the detailed breakdown of the NABARD Grade A salary.

Basic Pay of Nabard Grade A officer	Rs 28,150
Dearness allowance (DA) in NABARD Salary	Rs 27,154
LCA (CCA)	Rs 1,408
Grade allowance	Rs 6,000
Special allowance	Rs 1,625
LCA (FA)	Rs 1,126
Special Perq. allowance	Rs 2,323
Total	Rs 67,786
Deductions	Rs 9,053
NABARD Grade A in-hand salary	Rs 58,733

The NABARD Grade A in-hand salary slip contains the details of the above heads and more.

Benefits & Allowances in NABARD Grade A Salary

A NABARD officer salary (Grade A officer) is provided with different allowances, perks and benefits for their service. Let’s look at them in brief.

NABARD Allowances

• Dearness allowance.
• Local compensatory allowance.
• Grade allowance.
• Special allowance.
• Special Perq. Allowance.

Perks and Benefits included in NABARD SALARY 2024

• Leave Travel Concession (LTC) is provided once every two years.
• Book grant.
• Newspapers, magazines, and journals.
• Internet
• Telephone allowance.
• Pension.
• Loans at affordable rates like housing, education, vehicle or personal loans.
• Medical facilities for individuals and the family.
• Government quarter facility at some job locations.

NABARD Grade A Job Profile

• The Grade A officers are below the Grade B officers. Therefore, the salary of NABARD Grade A officers is comparatively less than Grade B Officers.
• The Grade A officers are appointed as Assistant Managers. They are assigned to different departments in NABARD as per their skills. Grade A officer NABARD  posts and salary varies accordingly.
• Some of the posts held by NABARD Grade A officers include:
  • Rural Development Banking Service.
  • Protocol & Security Officer.
  • Rajbhasa service.

• The Grade A Assistant Managers report to the Chief General Manager of the regional NABARD office.
• The NABARD Grade A officers serve two years probationary period after joining. NABARD may choose to extend it based on the candidates’ performance.

Let’s look at the job responsibilities of a NABARD Grade A officer:

• The Grade A officer has to work on different government policies and programmes in agriculture and rural development.
• The Chief General Manager assigns their tasks.
• The officer’s responsibilities extend to all the banking and government duties related to rural development and agriculture. Multi-tasking is part of the job responsibilities.
• The officer can get posted to any part of India. However, due to HR policies, officers are not given postings in their home states.

Career Development & Promotions

With increased experience, officers are entitled to job promotions and increments after their NABARD starting salary for Grade A officers. Let’s look at the different ranks that an officer can expect to get promoted to in the hierarchy:

• Manager.
• Assistant General Manager.
• Deputy General Manager.
• General Manager.
• Chief General Manager.
• Executive Director.
• Director.

NABARD Grade A Probation Period

Candidates recruited into NABARD are trained and must serve a two-year probation term. During this time, trainees learn about their employment tasks and responsibilities. At the end of their probation, they are confirmed to the rank of Assistant Manager and sent to one of NABARD’s regional banks.

NABARD Assistant Manager Salary

Aside from the monthly income, NABARD Assistant Managers receive various extra advantages and incentives that considerably improve their overall compensation package. This includes:

• Medical Reimbursement: Coverage for medical expenses for the individual and dependents.
• Leave Travel Concession (LTC): Travel expenditures for self and family every two years.
• House Building Advance: A loan to build or buy a house.
• Conveyance Allowance: A reimbursement for commuting expenditures.
• Educational Allowance: Assistance with children’s education.
• Pension program: A contributory pension program.

Conclusion

The monthly NABARD salary for a Grade A officer is approximately Rs 67,000. In addition to the salary, officers enjoy a variety of perks and benefits, including Dearness Allowance (DA), Local Compensatory Allowance (LCA), Leave Travel Concession (LTC), medical coverage, and allowances for telephone, internet, books, and special benefits. As a Central Government job, job security is another significant advantage. Over time, with experience and years of service, the NABARD Grade A salary grows through promotions and additional allowances, reflecting progress within the organizational hierarchy. Officers who perform exceptionally well can look forward to promotions, with the potential to rise to the position of Director.

Frequently Answered Questions (FAQs)