RBI Grade B Salary

RBI Grade B Pay Scale 2021 and Job Profile

Official RBI Grade B notification 2021 is available on the RBI website. The job of RBI Grade B Officer can be considered as an excellent opportunity towards making a bright career for oneself which would give enough respect, dignity and status along with a lucrative career. RBI conducts an examination almost every year whenever it releases vacancies for the post of RBI Grade B Officer. It is one of the most popular exams among all government jobs. One of the reasons behind the popularity of RBI Grade B exam is the job profile, the opportunities it presents and perks and allowances that come along with the RBI Grade B officer salary.

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RBI Grade B Salary 2021

The RBI Grade B salary for the year 2021 is in the pay scale mentioned below.

RBI Grade B Officer Salary Increments

Once you are selected as an RBI Grade B Officer, you will be entitled to receive the salary under the pay scale of Rs. 35150-1750(9)-50900-EB-1750(2)-54400-2000(4)-62400. This clearly indicates that your basic pay / salary as an RBI Grade B Officer will be around Rs 35,150 which will include an increment of Rs 1750 which you may go on to receive up to 9 years of the service. Presently, the initial monthly gross emoluments is Rs 83254/- (approx) and the House Allowance of 15% of Basic Pay is paid, if accommodation is not provided by the RBI. 

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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 such as Dearness Allowance (DA), House Rent Allowance (HRA), Family Allowance, Telephone Allowance, Conveyance Allowance, apart from the basic pay.

RBI Grade B Promotion

An RBI Grade B Officer receives enough opportunities of getting promoted and reaches higher levels in the hierarchy quite fast. An RBI Grade B Officer gets this opportunity of moving forward in the career through appearing in various promotional examinations and fast track promotion schemes. An RBI Grade B Officer can reach up to CGM level post if one continues to work in the Reserve Bank of India. Very few RBI Grade B officers also manage to reach the Executive Director (ED) and Deputy Governors (DG) post.

• Deputy Governor
• Executive Director
• Principal Chief Manager
• Chief General Manager
• Deputy General Manager
• Asst. General Manager
• Manager (Grade B Officer)

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RBI Grade B Job Profile

RBI is counted among the biggest and prestigious organizations and famously called the ‘bankers’ bank’. Being the central bank of India, it is automatically entrusted with the responsibilities and duties of higher order. Thus, whosoever gets an opportunity to enter this organization, is responsible for various tasks and duties depending on the job position. After getting selected as an RBI Grade B Officer, you will be on a probation period of 2 years, which includes a 15 weeks training. The job profile of an RBI Grade B Officer is quite multifaceted. The job of an RBI Officer cannot be limited to certain fixed tasks, but there are certain responsibilities that an RBI Grade B Officer is expected to perform or fulfill. Some of the responsibilities of an RBI Grade B Officer are as follows:

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

These are a few of the important responsibilities of an RBI Grade B Officer. RBI plays a major role in maintaining the financial balance of the country. It chalks out a proper monetary policy and is thus responsible for all the money related planning and activities.

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