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.
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||Rs. 35150-1750(9)-50900-EB-1750(2)-54400-2000(4)-62400|
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.
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)
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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Frequently Asked Questions
Q1:Can those students who are appearing in Final year of Graduation apply for any post in RBI Grade B?
A:No, a candidate must have completed his/her graduation. If he/she is in the final year of graduation then they cannot apply.
Q2:Is there any NEGATIVE MARKING in RBI Grade B Exam?
A:Yes, negative marking for wrong answers in CBTs is 1/4th of the marks for that question.
Q3:In RBI Grade B Exam, Can I choose Hindi language as the exam language?
A:Yes, RBI Grade B Exam is bilingual (i.e, Hindi & English) exam. You can choose your preferred language either Hindi or English.
Q4:Do RBI Grade B Officers get a pension?
A:No, under the ambit of NPS currently there is no pension scheme for RBI employees.
Q5:RBI Grade B 2021 Exam is in ONLINE OR OFFLINE mode?
A:RBI Grade B 2021 Exam will be in online mode.
Q6:Is there SECTIONAL CUT-OFF in RBI GRADE B Exam?
A:Yes. RBI Grade B Exam has sectional and overall cut-off .
Q7:Is RBI Grade B Officer job transferable?
A:Yes, but only after completing the initial 5 years of posting.
Q8:How many attempts are there in RBI Grade B?
A:Candidates belonging to the general category can attempt the examination only 6 times. Whereas, there is no restriction to the SC/ST/OBC/PWD categories.
Q9:What is the age limit for the RBI Grade B posts?
A:The minimum age limit for the candidates is 21 years & the maximum age should not be more than 30 years.
Q10:Will there be any interview after the written result ?
A:Yes. There will be a final phase of Interview after RBI Grade B Phase I & Phase II.
Q11:Is it possible to crack this exam in first attempt ?
A:To crack any exam, one needs a complete preparation strategy,along with the complete exam information. If you are dedicated towards your goal, you would surely be able to crack the exam in first attempt.
Q12:Is the exam Bilingual ?
A:Yes. The exam is bilingual. You can attempt all the sections in English or Hindi except the test of English Language.
Q13:What would be the word limit for ESI and FM Descriptive paper?
A:For Paper 1 (ESI) and Paper 3 (FM) Descriptive Type Paper, the word limit prescribed is - 600 words for 15 marks questions, 400 words for 10 marks questions.
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