RBI Grade B Officer Salary

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1. RBI Grade B Officer Salary, Perks & Emoluments
Are you looking for a government job with exciting work and good pay?
Everybody knows about UPSC.
The power, respect, and decent salary you get. After that most of the students
just know about the banking jobs with less power and salary.
I am here to give you a surprise. A job where you will be able to control the
whole banking system of the country.
Am I Kidding? No.
RBI Grade B Officer Salary, Perks & Emoluments
1. Salary, Perks & Emoluments
2. Salary Allowances
3. Increments
4. Promotions
5. Salary Slip
You will get respect anywhere you go. Come on. You will be one of the
senior officers in the central bank of the country.
You will get more than enough salary and allowances to have a good life.
Believe me, you will get to travel with your family anywhere in the
world every 2 years, and RBI pays for it.
This is huge. RBI knows how to take care of all the people working with them.

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2. This is a dream job and today we will know about the salary and allowances
provided by RBI.
Before moving forward, I recommend you to go through the eligibility criteria of
the exam. Here is the link for Eligibility Criteria.
It will be heartbreaking if you want to apply for the exam after knowing the pay
and perks but can’t due to the eligibility criteria.
The basic pay provided by RBI is not very high but the allowances and
incentives make it a good package.
RBI Grade B Officer Salary, Perks and Emoluments (More than Rs
70,000/month)
RBI Grade B Officer job is a standout amongst the most well-known job in
the public sector of India.
The Central Bank of India, i.e., RBI is exceptionally liberal in paying RBI Grade B
Officer Salary and Emoluments for even the smallest of expenses.
The total cost to company (CTC) pays package accounts to be around 13 lacs in
metro cities like Mumbai, Delhi, etc.
Now, let us know the RBI Grade B officer salary, perks, and allowances and
understand how much salary you can draw as an RBI Grade B officer.

3. The Gross monthly salary after you become an RBI Grade B officer is 77,208/-. It
doesn’t mean that the RBI Grade B in hand salary is 77,2018/-.
Yes, you read it right.
The basic salary of RBI Grade B Officer is Rs. 35,150/ – p.m. in the starting.
As you keep on working in the organization, your basic pay keeps on increasing
as well.
Let’s discuss the allowances first and then we will talk about all the increments
and promotions together.
RBI Grade B Officer Salary Allowances
There are a lot of allowances provide by RBI to all the officers but I have written
them in a very simple language to help you understand.
Dearness Allowance (DA):

4. You will get a DA of 113% of the basic salary but it has been revised to 125% after
the 7 central pay commissions.
House Rent Allowance (HRA):
I know the pain of going out of your hometown to some other city to work.
Going away from your parents is difficult but RBI tries to help you out by
providing you a home.
HRA is given to the officers who couldn’t get accommodation from RBI because
the number of flats is limited.
An RBI Grade B Officer most likely to get a 2/3 BHK home in the city.
In some cases, if someone has been not allocated a flat, RBI gives enough
money that you can easily find a satisfactory place to live in a good locality.
Conveyance Allowance (CA):
Conveyance Allowance is basically the transportation cost paid to each and
every RBI Grade B officer from your home to office every single day.
It depends upon the declaration by you. At the Mumbai center, the amount is an
additional Rs. 14000 in hand.
Note: 30 liters of extra petrol is provided to all those living in Mumbai, Delhi,
Chennai or Bangalore.
Education Allowance:
Not all, but selected officers do receive education allowances for their family as
well. The Annual reimbursements of education allowance are up to Rs. 4000/per
month.
Medical Allowance:
You get a Medical Allowance up to Rs. 4000. These allowances are also valid for
the dependents of the employees.
Leave Fare Concession Travel (LFC):
You will get around Rs. 100000 under the LFC allowance. This can be availed
once in two years, by the employee and his dependents to go anywhere in the
world.
Fuel Allowance:

5. You can claim up to 150 liters of fuel per month.
Maid Allowance:
You will be offered Rs 3000/- under the maid allowance.
Mobile Allowance:
You can claim up to Rs 1500/- as a mobile allowance.
Sodexo Coupons:
RBI will provide you with Sodexo coupons worth Rs. 2000/- which can be spent
on food/groceries.
Briefcase Allowance:
BA is drawn by Grade A and B level officers. You can get a Briefcase allowance
up to Rs. 7000/-. They can reimburse the price of the briefcase every three
years as well.
Spectacles Allowance:
Did you want to get expensive spectacles all your lifetime? Well RBI will take care
of you. Spectacles allowance of Rs 7000/- can be claimed for either the RBI
Grade B officer or the spouse.
Bank Loan Facility:
According to an ongoing 7th central pay commission revision, RBI has
announced arrangements for loans in a united way. You can get loans at
a very less interest rate for Housing, Vehicle, and so on.
Pension:
Pension is a very common thing that every government employee draws after
retirement.
Apart from the given perks, there is an Interest-free festival advance, Newspaper,
book grant, Furnishing of Residence Allowance, Life Insurance Coverage, and
Educational Leaves, etc. as per eligibility.
I believe that you loved all the allowances. RBI does care about its employees
and knows how to take care of them.
RBI Grade B Increments (Rs. 1 lakh in 10-15 years)

6. Let’s jump to the increments given by RBI over the years. I have mentioned the
Basic Pay of RBI with the increments in regular time intervals.
Initial Basic Pay is Rs. 35150 as mentioned above with a yearly increment of
Rs. 1750 for 9 years
After 9 years, Rs. 50900 is your basic pay and yearly increment of Rs. 1750 for
the next two years in the executive band
After a total of 11 years, Rs. 54400 is your basic pay and a yearly increment
of Rs. 2000 for the next four years
Rs. 62400 is the Maximum Basic Pay after 15 years. Guess what. This is without
a single promotion. So let’s talk about the promotions now.
Thus, the RBI Grade B Officer Basic Salary after 15 years of service is Rs.
62,400/- and this is when you don’t take any promotions.
Let us talk about the Promotions now to get a better idea about the long term
work life.
It is a fact that you are going to work hard during your job and get promoted
from time to time as well. These promotions will also increase your salary over a
period of time.
So why not consider it right now?

7. RBI Grade B Promotions
With a constant increase in the salary of RBI Grade B officer, the designations
after promotion also attract the candidates. RBI Grade B Officers get promoted in
the following series:
Governor
Deputy Governor
Executive Director
Principal Chief General Manager
Chief General Manager
General Manager
Deputy General Manager
Assistant General Manager
Manager

8. Assistant Manager
Support Staff
RBI Grade B Salary Slip
The salary of RBI Grade B Officer varies according to the city you are posted in.
RBI Grade B in hand salary is approximately around Rs. 53,000 whereas the
gross RBI Grade B Salary after 7th pay commission goes up to Rs. 80,000.
You can check the RBI Grade B Salary Slip provided below.
I hope you must have got a good idea about the RBI Grade B Salary from the RBI
Grade B Salary Slip provided above.
Conclusion:
So, if you have come all this way till here I am assuming that you must have read
all the information that I have provided on this page like the RBI Grade B officer
salary, perks, emoluments, promotion criteria, and pension. This is one of the
most asked queries of the students because every person who is looking
forward to a certain job is interested in knowing the pay and perks of that job
and there is nothing wrong with this. I hope the information provided above has
clarified all your doubts related to the RBI Grade B salary, perks, emoluments,
promotion criteria, and pension.
All the Best!!
Keep Learning!!

9. ______
About Anuj Jindal
Anuj Jindal, the founder, is an ex-manager from SBI, with an M.Com from Delhi School of
Economics. He also has a JRF in Commerce & Management and NET in HRM, along with
more than 4 years of experience in the field of Education.
FAQs: RBI Grade B Officer Salary, Perks & Emoluments
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What is the basic pay of RBI Grade B Officer?
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What is the in-hand salary of RBI Grade B Officer?

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