RBI Grade B Salary 2023: Check Pay Scale, In Hand Salary, Allowances, Job Profile
RBI Grade B Salary 2023: The Reserve Bank of India is the apex body that conducts the recruitment drive for the selection of eligible candidates for the posts of RBI Grade B including RBI Grade B Officers (General), RBI Grade B Officer – DEPR, and RBI Grade B Officer - DSIM.
The selection process of RBI Grade B Officers in Gr B (DR)- General and Officers in Gr B (DR)- DEPR/DSIM has a written exam followed by an interview round. Candidates who qualify for all the rounds become eligible for appointment on the RBI Grade B profile.
RBI Grade B Salary 2023
Candidates will draw a starting basic pay of ₹ 55,200/-p.m. in the pay scale of Rs. 55200-2850(9)-80850-EB-2850 (2) - 86550-3300(4)-99750 (16 years). Presently, the monthly RBI Grade B Officer Salary is Rs 1,08,404/- (approximately).
The candidates who qualify for all the rounds of the RBI Grade B selection process, written exam, and interview are appointed as either Officer in Gr B (DR)- General or Officer in Gr B (DR)- DEPR/DSIM.
RBI Officer Grade B Salary 2023
The annual package of an RBI Grade B Officer includes several components such as basic pay, allowances, and benefits. Also, the total annual package of an RBI Grade B Officer varies depending on several factors such as the level of experience, location of posting, and other allowances and benefits.
At present, the bank has prescribed that candidates will draw a basic pay equal to ₹ 55,200/-p.m. Apart from this, several allowances will also be added that make the monthly RBI Grade B Salary hefty.
With that, the RBI Grade B annual package for Officers in Gr B (DR)- General and Officers in Gr B (DR)- DEPR/DSIM will range between Rs 12 lakhs to 13 lakhs.
RBI Grade B Syllabus 2023: Check Subject-wise Topics & Latest Exam Pattern (Post-wise)
RBI Grade B In Hand Salary 2023
As per the official notification, the candidates will be paid a salary inclusive of basic pay along with all allowances. The bank has prescribed a common basic pay for both the Officers in Gr B (DR)- General and Officers in Gr B (DR)- DEPR/DSIM.
Candidates will also be eligible to draw a house rent allowance equal to 15% of basic pay if they are not provided with accommodation by the Bank. Candidates who possess very high academic or professional qualifications/ experience will be eligible to draw up to four advance increments.
Here, in the table below, check out the detailed RBI Grade B salary structure:
| RBI Grade B Salary Details |
Amount |
| Basic Pay |
Rs. 55,200 |
| Grade Allowances |
Rs. 6,800 |
| Dearness Allowances |
Rs. 23,144 |
| Housing Allowance |
Rs. 5273 |
| CVPS Incentives |
Rs. 827 |
| Special Prerequisite Allowances |
Rs. 1465 |
| Special Allowances- Direct Recruit |
Rs. 1800 |
| Local Compensatory Allowances |
Rs. 3664 |
| Meal Allowance |
Rs. 160 |
| Gross Pay |
Rs. 1,08,404 |
Allowances & Benefits in RBI Grade B Salary
Apart from the abovementioned salary, the selected candidates will also get the following allowances in addition to the salary of Grade B officer in RBI. Check out the complete list below:
- Dearness Allowance
- Local Allowance
- House Rent Allowance
- Family allowance
- Grade Allowance as per rules in force from time to time
- Bank's accommodation
- Vehicle for official purposesTelephone charge
- Newspaper
- Book grant
- Allowance for furnishing of residence
- Free dispensary facility besides reimbursement of medical expenses for OPD treatment/hospitalization as per eligibility
- Interest-free festival advance
- Leave Travel Allowance (once in two years for self, spouse and eligible dependents)
- Loans and Advances at concessional rates of interest for Housing Vehicle, Education, Consumer Articles, Personal Computer, etc
RBI Officer Grade B 2023 General Job Profile
Candidates who went through the recruitment for the post of Officer in Gr. B (DR) GENERAL stream will join the General Cadre. Whereas, those who are selected from recruitment for the post of Grade B DR DEPR/DSIM stream will join DEPR/DSIM Cadre. Here is the section below, check out the detailed job profile for both posts:
| RBI Grade B Posts |
Job Profile |
| Officer in Gr. B (DR) General |
|
| Grade B DR DEPR/DSIM |
|
RBI Officer Grade B Salary 2023 Promotion & Posting
Post qualifying for this departmental exam, the candidates will be promoted to higher posts. Check out the promotional hierarchy applicable for RBI Grade B Officers in Gr B (DR)- General and Officers in Gr B (DR)- DEPR/DSIM.
- Assistant Manager (AM)
- Manager Grade B
- Assistant General Manager (AGM) Grade C
- Deputy General Manager (DGM)
- General Manager
- Chief General Manager
- Executive Director
- Deputy Governor
- Governor
RBI Officer Grade B Probation Period
Candidates who join the RBI Grade B will be initially kept on a probation period of two years. However, this period can be extended for upto four years. Post-completion of this period, the candidates will be eligible for promotions. The bank will conduct internal exams from time to time that has to be qualified by the candidates.