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RBI Grade B Officer Salary 2019 Pay Scale – DA, LA, HRA, FA & Other Details

RBI Grade B Officer Salary

Details regarding RBI Grade B Officer Salary along with the paid allowances such as DA, LA, HRA, FA & Other is available on this page. Check RBI Grade B Officer Pay Scale After 7th Commission and before 7th Commission List by scrolling down this page.

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Name of the OrganizationReserve Bank Of India (RBI)
Name of the PostGrade B Officer
Official Notification of RBI Grade B 20191st Week of May 2019
Start Date of Online Registration and
payment of Application Fee
1st Week of May 2019
Last Date of Online Registration
and submission of Online Fee
4th Week of May 2019
Issue Date of RBI Grade B Exam
Phase-I Admit Card 2019
1st Week of June 2019
Examination Date for Phase-I Exam2nd Week of June 2019
Result Date of Phase-I3rd Week of June 2019
Issue Date of Admit Card for Phase-II Exam4th Week of June 2019
Examination Date for Phase-II Exam1st Week of July 2019
Exam Result of Phase-II2nd Week of July 2019
RBI Grade B Interview DateAugust – October 2019
Final Result DeclarationNovember – 2019

RBI Grade B Officer Salary

RBI Grade B Officer Salary Before 7th Pay Commission

  • RBI Grade B Officer Basic Salary: Rs.14650/-
  • RBI Grade B Officer Salary in hand: After including all the perks and allowances the total sum was Rs.32528/-

RBI Grade B Officer Salary After 7th Pay Commission

  • RBI Grade B Officer Basic Salary: Rs.35,150/-
  • RBI Grade B Officer Salary in hand: After including all the perks and allowances the total sum was Rs.67,933/-

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RBI Grade-B Officer Pay Scale

The RBI Grade B Officer Pay is: 35150-1750(9)-50900-EB-1750(2)-54400-2000(4)-62400. Some of Allowances are given here:

  • Interest-free festival advance
  • Newspaper
  • telephone charges
  • book grant
  • Furnishing of Residence Allowance
  • Life Insurance Coverage
  • Medical Insurance
  • Educational Leaves etc.

Allowances Given With RBI Grade B Officer Salary

RBI Grade B
Officer perks
RBI Grade B Salary
and Perks benefits
Dearness
allowances (DA)
DA of 113% of the basicsalary of each employee.
DA is revised to 125% after
the 7th pay commissions.
House Rent
Allowances (HRA)
HRA is given to the officers who
are living in other towns or cities
and not in their home town.
A Grade B Officer usually gets
2/3 BHK flat depending on
the availability in the city.
In case One has been not allotted a
flat, RBI provides approx Rs. 70000 for
that in Mumbai and accordingly in other cities.
Conveyance
allowance (CA)
Conveyance allowance is paid on the basis
of the declaration by you.
At the Mumbai centre, the amount is
additional 14000 in hand.
Note: – 30 litres extra petrol for all those
living in Mumbai, Delhi, Chennai or Bangalore.
Medical
allowances (MA)
Declared Medical Bills can be reimbursed.
This allowance is valid for the dependable
of the employee as well.
The Annual reimbursements of Medical
approx- Rs 4000.and also free dispensary
facility besides reimbursement of medical
expenses for OPD treatment/hospitalisation
as per eligibility.
Education
allowances
Not all, but selected officers receive
education allowances for their kids.
The Annual reimbursements of education
allowances up to Rs. 4000/per month.
Leave Fare
Concession
Travel (LFC)
One of the best RBI Grade B Officer Salary
Perks is LFC Travel allowance.
Once in two years for self, spouse and
eligible dependents.
Bank provides around Rs 107000
per person for this.
Bank Loan
Facility
As per a recent 7th pay commission revision,
RBI has declared provisions for loans in
a consolidated manner.
Officers can get loans and advances at a
much cheaper rate for Housing, Vehicle,
and Computers etc. and as per the bank’s policies.
Briefcase
Allowances
BA is drawn by Grade A and B level officers.
The Annual reimbursement of
Briefcase is approx Rs- 7000/-.
They can reimburse the price of
the briefcase in every three years.
Grade Allowance 2250 for Grade B officer starts
after confirmation (end of probation).
Special Allowance
PensionPension is a common thing that every
government employee draws after retirement.
Sodexo mealSodexo meal is also provided by RBI to
Grade B Officers along with RBI Grade B Salary

Check More Links related to RBI

RBI Recruitment 2019Get Here
Reserve Bank of India Admit Card 2019Get Here
RBI Grade B Officer SyllabusGet Here
RBI Question PapersGet Here
RBI Grade B Officer ResultGet Here

FAQ’s Related To RBI Grade B Officer Salary and Allowances

Question1: How Much Does A RBI Grade B Officer Earn?

Answer: An RBI grade B officer can easily earn anywhere between 10 to 12 Lakhs in an year. Hence, all of these factors make RBI Grade B Job Profile all the more desirable and attractive. The Pay Scale for RBI Grade B Officer has been recently revised.

Question2: Is RBI Grade B Officer Job Transferable?

Answer: RBI transfer policy for Grade B officer is that after completion of initial posting of 5 years in your first place of posting, you are transferred to Mumbai for the next 5 years. They may be posted anywhere in India wherever it has offices.

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Question3: What Is The Salary Of RBI Grade B Officer?

Answer:

  • The Grade B officer gets basic pay of Rs. 35,150/- per month. Salary and Benefits provided by the RBI to its Grade B officers in the starting of the career is Rs. 68000/-(approx.).
  • Selected Candidates will draw a starting basic pay of Rs. 35,150/- p.m. in the scale of Rs. 35150-1750(9)-50900-EB-1750(2)-54400-2000(4)-62400 applicable to Officers in Grade B.
  • They will also be eligible for Dearness Allowance, Local allowance, House Rent Allowance, Family allowance, and Grade Allowance as per rules in force from time to time.

Question4: Do RBI Grade B Officers Get Pension?

Answer: All RBI Employees gets Pension who joined before 2004.Now,as all Govt organizations are under the ambit of NPS, no Pension scheme is currently there for any recently recruited RBI employee.

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Final Words

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