Salary of RBI Grade B officer
As it is clearly mentioned in the title that RBI is direct recruiting for grade B officers and application fees is Rs. 850. Before filling form, it is too important to know about the existing pay of RBI Grade B officer.
Basic salary of RBI Grade B officer is Rs. 21000 and if we count total cost to RBI of one employee for one month; it is more than Rs. 50000 which is too good in terms of salary drawn. Here, we will split salary of RBI Grade B officers and let you know about the different types of payments counted adding to total salary drawn;
This payment would be started after one year of job in respective scale. As you are a fresher and there would be no increment till one year; so Special pay for you would be Rs. 1100. For experienced persons who are serving in RBI since a long time; special pay would be equivalent to same as amount of their last increment.
- Stagnation Increment:
This amount is equal to last increment done in their salary. Everyone is eligible for stagnation increment after every 3 years in their respective scale.
- Special functional allowance:
Rs. 625 is the amount fixed for special function allowance to Grade B officers; everyone is eligible for this amount doesn’t matter years of service.
- JAIB/CAIB Allowance:
This allowance is not clear in terms of payment. Either you will be eligible for Rs. 900 or Rs. 1100 depending upon your service in RBI.
As inflation changes time to time; RBI also revised Dearness allowance for their employees time to time. Dearness allowance varies according to the Consumer Price Index.
- Home allowance:
This is fix i.e; 10 % of the pay. If you apply for RBI Residential accommodation; you would not be eligible for this allowance. If you are staying in your accommodation; You can apply for maximum 150 % Of the normal House allowance.
- Local allowance:
This amounts for 5 % of your salary and maximum up to Rs. 1300 per month for Grade B officers.
- Family allowance:
This amounts for 4 % of salary with extent up to Maximum Rs. 1300 PM.
- Grade allowance:
Grade B officer would be eligible for Rs. 1250 as Grade allowance PM.
- Special allowance:
Grade B officer would be also eligible for the special allowance which amounts for Rs. 2500 per month.
- Personal allowance:
After one year of Service; amounts for Rs. 550 PM.
- Deputation allowance:
If you are deputed to other organization for the same centre; 4% of Pay would be given as deputation allowance maximum upto Rs. 1200. If you are deputed to another City, Deputation allowance would be revised to 7.5 %.
Medical expenses allowance:
This allowance is given annually and amounts for Rs. 4000.
There are many more things to explain which are still pending; We think this is more than sufficient for a beginner. If you want to deep study about the Salary structure of RBI officers; you could download file from below link. This is officially file from the RBI about Revised pay scale structure of RBI Grade B officer.