The basic RBI grade B officer salary is Rs 55,200. The RBI grade B officer exam is conducted by the Reserve Bank of India (RBI full form). The exam selects candidates for the grade B position – DR, DSIM, DEPR in the Community Seniority Group (CSG).
The RBI Grade B Phase II exam for 2024 is scheduled for 2nd July 2024. The details for the RBI Grade B exam for 2023 will be available on the official RBI (Reserve Bank of India) website. Candidates should thoroughly prepare by covering the entire RBI Grade B syllabus to perform well in the exam. This prestigious job profile attracts many applicants for a limited number of positions. In addition to the opportunity to work at India’s central bank, the RBI Grade B officer salary offers attractive compensation and benefits, making it a highly sought-after role.
This article will discuss the salary of RBI grade B officer recruitment 2024 in detail. It will also compare this job with other banking jobs.
The RBI officer grade B salary has different components. Let’s look at them in detail.
Salary components | Salary amount |
Basic pay | Rs 55,200 |
House Rent allowance | Rs 5,273 |
Dearness allowance | Rs 23,144 |
Grade allowance | Rs 6,800 |
Special requisite allowance | Rs 1,465 |
CVPS incentives | Rs 827 |
Special allowance – Direct recruit | Rs 1800 |
Meal allowance | Rs 160 |
Local compensatory allowance | Rs 3,664 |
Total pay | Rs 1,08,404 |
The RBI officer grade B in-hand salary in hand be after standard deductions as per government regulations.
Let’s understand the deductions in detail.
Deduction components | Amount |
EE NPS contribution | Rs 6509 |
Prof tax-split period | Rs 200 |
BF EE NPS monthly contribution | Rs 13,018 |
House rent recovery | Rs 620 |
Meal coupon distribution | Rs 400 |
MAF | Rs 300 |
RBI Office’s association | Rs 40 |
Sports club membership | Rs 30 |
Income tax | Rs 5,319 |
Total deductions | Rs 26,436 |
Final in-hand salary | Rs 81,968 |
The RBI grade B officer has several benefits along with the salary. Some of the major benefits are
Terms | RBI grade B officer | SBI PO |
Nature of bank | It is the center of all banks. | It is the best public sector bank. It has a presence in India and international locations. |
Exam conducting body | RBI | SBI |
Posts | Grade B officer | Probationary Officer |
Basic Pay | Rs 55,200 | Rs 41,960 |
Posting | Only in the capital cities of India | Anywhere in India |
For latest information and details | Click here | Click here |
Terms | RBI grade B officer | PO in Nationalized banks |
Nature of bank | It is the center of all banks. | All the nationalized banks. |
Exam conducting body | RBI | IBPS |
Posts | Grade B officer | Probationary Officer |
Basic Pay | Rs 55,200 | Rs 23,700 |
Posting | Only in the capital cities of India | Anywhere in India |
Terms | RBI grade B officer | Private banks |
Nature of bank | It is the center of all banks. | All the national private banks |
Exam conducting body | RBI | All banks have their round of selection |
Posts | Grade B officer | Depends on the requirement |
Basic Pay | Rs 55,200 | Depends on the position |
Posting | Only in the capital cities of India | Anywhere in India |
There are different factors affecting the RBI officer grade B salary. Let’s look at them in detail.
Apart from the lucrative RBI officer grade B salary and allowances, there are other benefits. The officer would get timely promotions to help them in their professional careers.
Once the probation period is over, the candidate becomes permanent. The probation period is two years. they may extend up to four years. After completing probation and serving some years at RBI, they are eligible for the promotion.
Let’s look at the RBI grade B officer’s career growth.
Pursuing a career with the Reserve Bank of India as a Grade B officer unfolds a journey of financial stability and growth, complemented by a comprehensive benefits package that rivals and often surpasses those in the banking sector.
With competitive salaries, extensive allowances, and a clear pathway for advancement, this role not only offers a prestigious position within India’s financial nucleus but also a fulfilling career that promises both professional and personal development.
As such, the RBI Grade B officer position stands out as a beacon for aspiring banking professionals, showcasing the blend of reward, responsibility, and recognition that defines a truly remarkable career choice. For more official information and updates visit: the Reserve Bank of India (rbi.org.in)
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Ans. The starting salary of RBI grade B officers is around Rs 1,08,404 before deduction.
Ans. The highest RBI officer grade B salary is around Rs 1,08,404 before deductions.
Ans. The total salary of an RBI grade B officer is Rs 1,08,404 before deductions. The final in-hand salary is around Rs Rs 81,968.
Ans. While the RBI grade B officer has power and respect in RBI, the IAS is a public servant with power and respect in a bigger area. Both exams are different, and the medium of selection is different. So, they can’t be compared.
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