If you are looking forward to making your career in the bank, you must go through this article because you can get complete knowledge and facts related to the RBI Grade B officer salary and all the additional perks in the article. So, let’s begin!
Also Read: RBI Grade B Exam Date 2022: Notification, Eligibility, Syllabus, Vacancy & More
RBI Grade B Officer Salary
If you are an aspirant of RBI Grade B officer, you must be looking for complete information related to the salary for your career. Let’s fetch all the information.
#. RBI Grade B Salary(Basic Pay) – Rs 35,150/- per month
#. RBI Grade B Salary Scale – Rs. 35150-1750 (9)-50900-EB-1750 (2)-54400-2000 (4)-62400 (16 years)
#. RBI Grade B Salary (Gross Monthly Emoluments)- Rs ₹83254/- (Approx)
Salary Slip RBI Grade B Officer
Let’s acknowledge and understand the salary slip procedure of the RBI Grade B job profile. It is covered in the table given below:
|Pay and Allowances||RS||Deductions||RS|
|Basic Pay||35150.00||EE NPS Contrib Amount||6509.00|
|Grade Allowance||6800.00||Prof Tax-split period||200.00|
|Dearness Allow.||23144.00||BF EE NPS Monthly Contrib||13018.00|
|House Allowance||5273.00||House Rent Recovery||620.00|
|COPS Incentive||2720.00||Meal Coupon Deduction||400.00|
|Spl Perquisite Allowance||1465.00||MAF||300.00|
|Spl Allow-Direct Recruit||1800.00||RBI Officers Association||40.00|
|Local Compensatory Allows||3664.00||Sports Club Membership||30.00|
|Meal allowance||160.00||Income Tax||5319.00|
|Gross Pay||80,176.00||Total Deductions||26,436.00|
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RBI Grade B Career Growth
Well, you must be looking for information related to the growth of your career and sustainable living with the help of salary increment in this job profile. Check it out below:
#. RBI Grade B increment amount – ₹ 1750/- (up to 9 years )
#. After the completion of 9 years, the basic pay for Grade B RBI Salary becomes ₹ 50,900/-: and they receive an increment of ₹ 1750/- (for the next 2 years)
#. Further increment after 2 years will be ₹ 2000/- (for the next 4 years) with the basic pay of ₹ 54400/-.
#. After 16 years, the maximum basic pay of the Grade B Officer post will be ₹ 62400/-.
RBI Grade B Perks
Well, along with a good salary, the officers of RBI also get Perks. So, let’s have a look at the perks given below:
#. The officers are provided with the Bank’s Accommodation.
# The officers get reimbursement of expenses for their vehicles. This is for official purposes only.
#. You will also get the Telephone charges.
#. The leave Fare Concession is also provided by the bank.
#. The officers have the privilege to get the loans and Advances at concessional rates
#. They can ask for the allowances for Furnishing of Residence and living.
#. They get the Fuel Allowance
#. Additionally, the officers get all the advantages of the Gratuity and New Pension Scheme.
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RBI Grade B Job Profile
Acknowledge the perks and emoluments related to this career.
#. Selected Candidates can draw a beginning basic pay of INR 35,150/- p.m. on the size of INR 35150-1750 (9)-50900-EB-1750 (2)-54400-2000 (4)-62400 applicable to Officers in Grade B, and they will be eligible for costliness Allowance, native allowance, House Rent Allowance, Family Allowance, and Grade Allowance as per rules in effect from time to time. At present, initial monthly Gross emoluments are around INR 77,208/-(approx.)
#. Today, the initial monthly Gross emoluments for the RBI officers is INR 83,254/-.
#. Adding many perks like fuel allowance (150 Liter), maid allowance of 3000 per month, phone allowance have jointly been provided.
#. Likewise in run Grade B Officer, extremely qualified candidates may also apply for advance increments within the interview bio-data type. Conjointly one will get 2 extra increments for clearing JAIIB and CAIIB exams, one for each.
#. Dearness allowances (DA): DA of 113% of the fundamental regular payment of every worker. DA is revised to a hundred and twenty-fifth once the seven central pay commissions.
#. House Rent Allowances (HRA): HRA is given to the officers who live in alternative cities or cities and not in their town. A Grade B Officer usually gets 2/3 BHK flat reckoning on the supply within the town. Just in case one has not been assigned a flat, run provides approx INR 70000 for that in Bombay and consequently in alternative cities.
#. Conveyance allowance (CA): Conveyance allowance is paid to support the declaration by you. At the Mumbai centre, the number is an extra 14000 in hand.
Note:- thirty litres of additional hydrocarbon for all those living in Bombay, Delhi, Chennai, or urban centres.
#. Medical allowances (MA): Medical bills if declared will be reimbursed. This allowance is valid for the responsiveness of the worker in addition. The annual compensations of medical approx- Rs 4000 and conjointly free clinic facility besides reimbursement of medical expenses for OPD treatment/hospitalization as per eligibility.
#. Education allowances: Not all, however, chosen officers receive education allowances for their youngsters. The annual reimbursements are provided to the officers from the bank for education allowances. This is provided up to INR 4000/per month.
#. Leave Fare Concession Travel (LFC): one of the simplest perks of running is the LFC allowance. Once in 2 years for self, spouse, and eligible dependents. The RBI bank offers approximately Rs. 107000 per employee for the same.
#. Bank Loan Facility: As per a recent seventh central pay commission revision, the run has declared provisions for loans in a very consolidated manner. Officers will get loans and advances at a far cheaper rate for Housing, vehicles, Computers, etc., and as per the bank’s policies.
#. Briefcase Allowances: These allowances are given by Grade A and B level employees of RBI. The annual compensation of the case is approx Rs- 7000/-. They will reimburse the worth of the case every 3 years.
#. Grade Allowance: 2250 for Grade B officers starts once confirmed (end of probation).
#. Special Allowance: 2500 for Grade B officers starts once confirmed (end of probation).
RBI conjointly provides food/grocery Sodexo coupons to its workers ~ INR 2000/-.
#. Pension: Pension may be a common factor that each government worker attracts once retirement.
#. RBI conjointly provides workers with Sodexo meals.
#. Apart from the given perks, there’s associate degree Interest-free pageant advance, Newspaper, phone charges, book grants, Furnishing of Residence Allowance, life assurance Coverage, Medical Insurance, instructional Leaves, etc. as per eligibility.
Also Read: RBI Assistant 2022 Notification: Check Out the Application Form, Exam Date, and RBI Notification!
RBI Grade B Syllabus
To get a stable and magnificent job role in the Reserve Bank of India, you should crack the exam. So, let’s have a look at the syllabus of this paper.
RBI Grade B Phase I Syllabus
Reasoning Ability for RBI Grade B
#. Alphabetical series
#. Coding and Decoding
#. Direction & Distance
#. Ranking and Order
#. Blood Relation
#. Seating Arrangement
#. Data Sufficiency
Quantitative Aptitude for RBI Grade B
#. Ratio and Proportion
#. Profit and Loss
#. Simple and Compound Interest
#. Average & Age
#. Time and Work
#. Pipes and Cistern
#. Speed, Time, and Distance
#. Mixture and Alligation
#. Series & Quadratic equation
#. Permutation and Combination
#. Data Interpretation
English Language for RBI Grade B
#. Questions on Reading Comprehension
#. Sentence Rearrangement
#. Error Detection
#. Vocabulary (Synonyms, Antonyms, One-word Substitution)
#. Passage Making
#. Jumble Words
#. Fill in the blanks
General Awareness of 6 months from the date of RBI Grade B Examination
#. National Parks and Wildlife Sanctuaries
#. Airports and Seaports
#. Dams and Reservoirs
#. Awards and Honors
#. Banks and Headquarters
#. Banking Financial & Awareness
#. Monetary Policies
#. Banking Abbreviations
#. Economic Terms
#. Financial & Economic News
#. Government Schemes, Agreement & Deals
#. Dance forms
#. Books and Authors
#. Countries – Capitals & Currencies
#. Organizations and headquarters
#. Power Plants in India
#. Sports-related GK
#. Chief Minister of Indian States etc
RBI Grade B Phase II Syllabus
Paper-I: Economic and Social Issues (ESI) Syllabus
#. Growth and Development, Measurement of growth: National Income and per capita income
#. Poverty Alleviation and Employment Generation in India
#. Sustainable Development and Environmental issues
#. Economic Reforms in India, Industrial and Labor Policy, Monetary and Fiscal Policy, Privatization, Role of Economic Planning
#. Indian Economy – Economic History of India – Changes in Industrial and Labor Policy, Monetary and Fiscal Policy since reforms of 1991
#. Public Finance
#. Political Economy
#. Industrial Developments in India
#. Indian Agriculture
#. The services sector in India
#. Globalization, Opening up of the Indian Economy, Balance of Payments, Export-Import Policy
#. International Economic Institutions, IMF and World Bank, WTO, Regional Economic Cooperation
#. Social Structure in India: Multiculturalism
#. Demographic Trends
#. Urbanization and Migration
#. Gender Issues
#. Social Justice: Positive Discrimination in favor of the underprivileged, Social Movements
#. Indian Political System
#. Human Development
#. Social Sectors in India
#. Health and Education
Paper-II: English Descriptive (Writing Skills)
The English descriptive paper is designed to test your writing skills, and also your understanding of important topics, as well as your expression of the same.
The paper includes:
#. An essay writing question
#. Precis writing question
#. A few questions based on a given comprehension
You are asked to write an Essay and Precis in this paper and also solve a few questions based on a given comprehension.
Paper-III: Finance & Management Syllabus
(a) Financial System
#. Regulators of Banks and Financial Institutions
#. Reserve Bank of India- functions, and conduct monetary policy
#. Banking System in India – Structure and concerns, Financial Institutions – SIDBI, EXIM Bank, NABARD, NHB, etc, #. Changing landscape of banking sector.
# Financial Institutions – SIDBI, EXIM, NABARD, NHB, etc.
#. Impact of the Global Financial Crisis of 2007-08 and the Indian response.
(b) Financial Markets
Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.)- functions, instruments, recent developments.
(c) General Topics Syllabus
#. Risk Management in Banking Sector
#. Basics of Derivatives
#. Global financial markets and International Banking – broad trends and latest developments.
#. Financial Inclusion
#. Alternate source of finance, private and social cost-benefit, Public-Private Partnership
#. Corporate Governance in Banking Sector, the role of e-governance in addressing issues of corruption and inefficiency in the government sector.
#. The Union Budget – Concepts, approach, and broad trends
#. Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI – components and trends; striking a balance between inflation and growth through monetary and fiscal policies.
(a) Fundamentals of Management & Organizational Behavior
#. Introduction to management
#. Meaning & concept of organizational behavior
(b) Ethics at the Workplace & Corporate Governance
#. Corporate Governance
Also Read: Bank PO 2022: Know the Exam Dates. Eligibility Criteria, Exam Pattern and Recruitment Process
Hopefully, this article has been an incredible knowledge source for you related to the RBI Grade B officer salary and ways to prepare for the examination. For more information, visit the UPSC Pathshala website and comment in the section below.