RBI Grade B Salary (Revised) | Career Growth of RBI Grade B Officer

By Reena Pal | Updated on: Dec 12, 2022

RBI Grade B 2023 Updated Pay Scale and Job Profile

RBI Grade B Salary

RBI recently revised the RBI Grade B salary of its officers holding Grade B posts. As per the 2022 notification, an RBI Grade B Offficer's salary i.e. initial monthly gross emoluments excluding other perks and allowances.is Rs. 1,08,404 (approx.).

One of the reasons behind the popularity of the RBI Grade B exam is the RBI Grade B job profile, the opportunities it presents, and perks and allowances that come along with the RBI Grade B officer salary. The RBI Grade B probation period is for 2 years and may be extended up to a maximum period of four years at the Bank's discretion.

RBI Grade B Officer Salary Increments: A Job that Pays over One Lakh per Month

Once you become an RBI Grade B Officer, you will be entitled to receive the salary under the pay scale of Rs. 55200-2850(9)-80850-EB-2850 (2) - 86550-3300(4)-99750 (16 years). This clearly shows that an RBI Grade B Officer's basic salary will be Rs 55,200 / month which will include an RBI Grade B salary increment of Rs 2850 which you may go on to receive up to 9 years of service. An increment of Rs 3300 will be received after completing further 4 years of service. After the increment, your total basic pay will be Rs 86550. The highest basic pay you will get in case you receive no promotion is Rs 99750. Presently, the RBI Grade B Salary is Rs 1,08,404/- (approx), and the House Allowance of 15% of Basic Pay is paid if accommodation is not provided by the RBI.

The expected RBI Grade B in hand salary for the year 2023 is mentioned below.

PostSalary
RBI Grade B Officer Basic Pay - Rs. 55,200/-p.m.
Pay Scale - Rs. 55200-2850(9)-80850-EB-2850 (2) - 86550-3300(4)-99750 (16 years)
Initial Monthly Gross Emoluments - Rs. 1,08,404/- (approximately)

Know More about RBI Grade B Online Coaching for the preparation of RBI Grade B 2023 Exam.

Note: If you possess very high academic or professional qualification/experience that is of significant value to the Bank, the Bank may consider granting up to four advance increments to you. In such a case, the Board may consider requests for higher emoluments at the interview stage only.

RBI Grade B Salary Slip

Pay and AllowancesRS.DeductionsRS.
Basic Pay 55200.00 EE NPS Contribution Amount 9968.00
Grade Allowance 11500 Prof Tax-split period 200.00
Dearness Allowance 23986.00 BF EE NPS Monthly Contribution -
House Allowance 60,000.00 House Rent Recovery -
COPS Incentive 2720.00 Meal Coupon Deduction 400.00
Spl Perquisite Allowance 4102.00 MAF 300.00
Spl Allow-Direct Recruit 9750.00 RBI Officers Association Contribution-Mumbai 1000
Local Compensatory Allows 3664.00 Meal Allowance 5468.00
Income Tax - Gross Pay 172,506
Total Deductions -  

Please Note Candidates selected from recruitment for the post of Officer in Gr. B (DR) GENERAL stream will join the General Cadre and candidates selected from recruitment for the post of Grade B DR DEPR/DSIM stream will join DEPR/DSIM Cadre..

RBI Grade B Officer Perks and Allowances:

The RBI Grade B Officer is also entitled to receive some extra benefits in the form of certain emoluments/allowances as a part of the salary such as 

  • Dearness Allowance(D.A)
  • House Rent Allowance(H.R.A)
  • Conveyance Allowance(C.A)
  • Medical Allowance (M.A)
  • Education Allowance
  • Leave Fare Concession & Leave Travel Concession

Here are some RBI Grade B Perks and allowances you will get apart from RBI Grade B Salary after selection.

  • Loan and Advances facility at concessional rates of interest for Housing, Vehicle, Education, Consumer Articles, Personal computers and others.
  • Fuel Allowance
  • Maid allowance
  • Sodexo coupons
  • Mobile Allowance
  • Briefcase Allowance
  • Spectacles Allowance

Selected candidates will be governed by 'the defined contribution New Pension Scheme (NPS)', in addition to the benefit of Gratuity. 

RBI Grade B Promotion

An RBI Grade B Officer receives enough opportunities of getting promoted and reaches higher levels in the hierarchy quite fast. RBI gives this opportunity to have RBI Grade B Career Growth through various promotional examinations and fast-track promotion schemes. Detailed RBI Grade B Promotion Hierarchy has been provided below.

RBI Grade B Job Profile

Know about the RBI Grade B Study Plan

RBI Grade B Job Profile

Being the central bank of India, it is automatically entrusted with the responsibilities and duties of higher order. After getting selected as an RBI Grade B Officer, you will be on a probation period of 2 years, which includes 15 weeks of training. The job profile of an RBI Grade B Officer is quite multifaceted. The job of an RBI Manager cannot be limited to certain fixed tasks, but there are certain responsibilities that an RBI Grade B Manager is expected to fulfill. Detailed information regarding RBI Grade B job profile is as follows:

  • Issuing and Circulating the Currency
  • Supervising the assigned regional office
  • Managing the Government’s accounts
  • Keeping track of inflation - managing liquidity - maintaining financial stability

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FAQs

An RBI Grade B Officer draws around Rs 1,16,684/- per month.
Yes, RBI sponsors its officers for their education abroad, however; RBI does not provide postings outside India.
RBI Grade B is a central level job. You can be posted anywhere in India.
Yes, there is a transfer policy in RBI Grade B. You will get a transfer after five years of service.
After the selection in RBI as a Grade B Officer, you have to undergo a probation of 2 years. This can be extended up to 4 years at the bank's discretion.
A CTC of a newly recruited Grade B Officer is approximately 2 lakh per month that amounts to 24 lakh per annum.
The current in hand salary of an RBI Grade B Officer is approximately one and a half lakh rupees a month.
An RBI Grade B Revised Pay Scale is Rs.55200-2850(9)-80850-EB-2850(2)-86550-3300(4)-99750. The highest basic pay one can get in the current pay band is 99750 rupees.
The RBI Grade B Salary revision is generally held once in five years. The RBI Grade B Salary has been recently revised which was due from November 2017.

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