RBI Assistant Salary 2023: Check Grade Pay, In Hand Salary, Allowances and Career Growth

RBI Assistant Salary 2023: The Reserve Bank of India (RBI) released the assistant salary. As per the latest information, the salary of selected candidates will range form Rs 20700 to Rs 55700 per month, including the various allowances such as DA, HRA, etc. The candidates will also get various perks and benefits. The candidates, after selection, need to undergo a 6-month probationary period.

In this article, we have discussed the complete RBI Assistant Salary 2024 structure, along with the various perks and benefits it offers. Read the article to learn more about the job profile and the perks provided to its employees. Check the revised RBI Assistant Grade Pay, gross salary, and details in the article

RBI Assistant 450 Vacancies Notification

RBI Assistant Salary Structure 2023

As per the official notice, selected candidates will draw a starting basic pay of  Rs 20,700 per month on the scale of Rs 20700–1200 (3)–24300–1440 (4)–30060–1920 (6)–41580–2080 (2)–45740–2370 (3)–52850–2850 (1)–55700 and other allowances, as admissible from time to time. At present, the initial monthly gross emoluments (without HRA) for the assistant will be approximately Rs 47,849 and 15% of HRA will be paid additionally to candidates if they are not staying in bank quarters.

RBI Assistant Salary: Revised Pay Scale

As per the RBI, the initial basic pay of an RBI assistant will be Rs 20,700, which will increase with time and experience. Below, we have structured the approximate. RBI Assistant Gross Pay Salary in the table

Note: The above amount is approximate numbers actual salary may vary

What are Deductions in the Salary of RBI Assistant?

From the Gross Pay of RBI Assistant salary, RBI deducts a certain amount which includes NPS Contribution Amount, Professional Tax, Meal Coupon Deduction, MAF, All India RBI Employee’s, and Other Deductions. Below we tabulated the approximate amount that can be deducted

Note: The above amount is approximate numbers actual deductions may vary

RBI Assistant Job Profile

The vacancy of RBI Assistant is a position that requires office duties. Selected candidates will be posted to one of the bank's many regional offices, most of which are found in state capitals. Candidates hired for the RBI Assistant position are responsible for the following:

• The candidates will be responsible for maintaining files, ledgers, balances, tally etc.
• Checking day-to-day transactions done in the branch.
• Checking and replying to queries made
• Verifying baking documents
• Circulation of currency
• Preparing reports and presenting in front of higher authorities

RBI Assistant Salary Allowances

The selected candidates for RBI Assistant get a lot of benefits and allowances. Some of the allowances are listed below

• Dearness allowance
• House rental allowance
• Transport Allowance
• City-Compensatory allowance
• Special Allowances

Additional Benefits

• Accommodation in the bank quarters is subject to availability 
• Newspaper, Briefcase, Allowance for furnishing a residence, etc. as per eligibility
• Loans and advances at concessional rates of interest for housing, cars, education, consumer articles, personal computers, etc.

RBI Assistant Growth

There is an amazing growth opportunity for the RBI Assistant post. The candidates will have great promotional opportunities based on seniority and sincerity. All candidates wishing to be promoted to the level of Officer must apply for the promotion test and appear for the examination as well. But before that, one has to undergo a service period of at least 2 years to be eligible for promotion to Officer Cadre. RBI Assistant promotions to officer post takes place in two processes, which the Assistants also have the opportunity to be part of it:

All the selected candidates candidates for the RBI Assistant post will have the opportunity to get promoted to the officer level. Before getting eligible for the officer post candidates must serve at least 2 years of service/training period in the RBI. 

Check - RBI Assistant Handwritten Declaration