RBI Assistant Salary 2023: The Reserve Bank of India conducts the recruitment drive for the selection of eligible candidates for the post of Assistant in various offices of the Bank. Selection for the post if conducted through a country-wise competitive examination in two phases i.e., Preliminary and Main examination followed by a Language Proficiency Test (LPT). Each year, lakhs of candidates appear for the RBI Assistant examination as it is a lucrative dream of many aspirants to work in RBI.
RBI Assistant Salary 2023
Have a look at the table to know the complete overview of the RBI Assistant Salary shared below:
| Organization |
Reserve Bank of India |
| Post Name |
Assistant |
| Basic Pay |
Rs 20, 700 per month |
| Exam Level |
National |
| Selection Stages |
Prelims, Mains, and Language Proficiency Test |
| Job Location |
Anywhere in India |
RBI Assistant Salary 2023 Structure
The starting basic salary of an RBI Assistant is Rs. 20,700/- per month in the scale of Rs. 20700 – 1200 (3) – 24300 – 1440 (4) - 30060 – 1920 (6) – 41580 – 2080 (2) – 45740 – 2370 (3) – 52850 – 2850 – 55700 (20 years).
Candidates selected for RBI Assistant will receive a revised gross salary of Rs. 45,050/- per month and other allowances like Dearness Allowance, House Rent Allowance, Transport Allowance, City Compensatory Allowance, etc as applicable from time to time. With this, a house allowance of 15% of Pay will be provided to the employees additionally, if they are not staying in the Bank's accommodation.
RBI Assistant Salary 2023 Details
| Particular |
Details |
| Basic Pay |
Rs. 20,700/- |
| Additional Special Pay |
Rs. 265/- |
| Grade Allowance |
Rs. 2200/- |
| Dearness Allowance |
Rs. 12,587/- |
| House Rent Allowance |
Rs. 2238/- |
| Transport Allowance |
Rs. 1000/- |
| Local Compensatory Allowance |
Rs. 1743/- |
| Special Allowance |
Rs 2040/- |
| Gross pay |
Rs. 45,050/- |
| Net Pay |
Rs.40,000/- (approx) |
RBI Assistant Salary Slip 2023
All the RBI Assistant employees will receive the RBI Assistant Salary slip at the end of every month. The details printed on the slip are allowances like basic pay, additional special pay, allowances, etc, and deductions like EE NPS Contrib Amount, Prof Tax- split period, Meal Coupon Deduction, MAF, All India RBI Employee, Sports Club Membership, etc.
RBI Assistant In Hand Salary 2023
The In Hand Salary of an RBI Assistant is expected to be around Rs 40,000 approximately per month. The RBI Assistant's monthly salary includes basic pay and allowances as per the revised guidelines. Furthermore, the salary will also be increased if the candidates are promoted to a higher post.
RBI Assistant Salary 2023: Perks & Allowances
Along with the basic RBI Assistant Salary, all successful candidates will also receive various perks and allowances as a part of their salary package. The list of perks and allowances for RBI Assistant are shared below:
- Dearness Allowance
- House Rent Allowance (if not staying in Bank's accommodation)
- Compensatory Allowance
- Transport Allowance
The perquisites offered to an RBI Assistant are also shared below:
- Bank’s accommodation is subject to availability
- Interest-free Festival Advance
- Reimbursement of expenses for vehicle maintenance for office purpose
- Loans and Advances at concessional rates of interest for Housing, Education, Consumer Articles, Cars, Personal computers, etc. It is provided to regular employees who have served a minimum of two years of service.
- Dispensary facility besides reimbursement of medical expenses for OPD treatment or hospitalization as per eligibility.
- Newspaper, Briefcase, Allowance, Book Grant, for furnishing of residence, etc. applicable as per eligibility
- Leave Fare Concession
- The employee shall be governed by the Defined Contribution New Pension Scheme and also the Gratuity benefit.
RBI Assistant Job Profile
All the candidates appointed for the RBI Assistant Post are expected to perform all the duties and responsibilities assigned by the higher officials. The roles and responsibilities of RBI Assistants are as follows:
- Maintaining files including receipts collection, Ledger maintenance, Balance tally, etc.
- They are responsible for the issuance and circulation of new Currency.
- Responding and managing Email logs
- Addressing all the RTI(Right to Information) Questions
- Verifying Banking Documents and participating in the Government Treasury Work
- Performing Data Entry work on a computer.
- Communicating with the senior authority for official purposes.
RBI Assistant Promotion and Career Growth
- The candidates selected for the RBI Assistant post will get various opportunities to secure promotion to higher levels.
- To get eligible for the promotion to the officer level, they need to serve at least 2 years as they need to successfully complete the bond period.
- Once the bond period is over, they will get eligible to participate in the promotion test.
- The RBI assistant can be promoted to a Grade A officer level in two ways. Firstly, in the normal process, they need to pass the written test on the basis of their experience/seniority in order to be appointed as an officer. The second way of promotion is the merit basis process where the candidates need to serve at least 2 years as an RBI Assistant and possess a JAIIB and CAIIB diploma held by the Indian Institute of Banking and Finance (IIBF) along with a graduation degree.
- The promotion hierarchy of RBI Assistants on various officer grade posts is discussed below:
- Scale 1: Officer/Assistant Manager, Grade -A
- Scale 2: Manager, Grade- B
- Scale 3: Senior Manager, Grade- C
- Scale 4: Chief Manager, Grade -D
