RBI Grade B officers career path and Salary.This part of the information seems superficial for many candidates and obviously it is. The reason is to know salary structure of a job does not mean anything and candidates need to work hard to qualify the exam. RBI Grade B exam is very difficult to crack due to very less number of vacancy. RBI grade b salary after 7th pay commission.Of course the entitlements are more and salary structure is better in the grade compared to all other banking jobs. Also there are other benefits which are available to the officers grade B of RBI.
RBI Grade B officer salary
The exam however is not very difficult to crack if you prepare in right manner. For this learn the type of questions which are being asked in the exam. One of the easiest way to understand it is to download the last year question paper. As now the exam is online, question paper can be based on the memory for various sections but is gives you the idea of level of competition and the area where you have to work to crack the exam.
RBI Grade B salary structure
Here the salary structure of the RBI Grade B has been given. Candidates can understand it. The rules of PSU is applicable to RBI and thus the revision of pay takes place every 5 years.
(i) Basic Pay- 35,150/- p.m.
(ii) Pay Scale35150-1750(9)-50900-EB-1750(2)-54400-2000(4)-62400
(iii)Grade Pay- No Grade Pay
(iv)HRA & Other Allowances As per Company Rules
The salary structure is as per the IDA and so there is no Grade Pay in this post.
Other perks and entitlements are available to the officers Grade B which are given as under:
- Local allowance :5% of Basic pay
- House Rent Allowance.
- Family allowance: 4% of Basic pay
- Grade Allowance.
- Telephone Allowance.
- Household Allowance.
- Conveyance Allowance.
Growth prospects in RBI Grade B officers
The growth prospects of RBI Grade B is very high. Mainly for those who belong to commerce, economic, MBA, finance background as the regulatory body only deals with these. You can reach the Top level management in the central bank. For those who are from other back ground have similar career prospects.