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RBI Grade B Officer Salary Structure – (7th Pay Commission) Pay & Perks

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RBI Grade B Officer Salary Structure

To apply for any recruitment, salary plays very important role. Candidates can get the RBI Grade B Officer Salary Structure from here. We have given updated RBI Grade B salary after 7th pay commission in the below section.

Those candidates who will be appointed on the RBI Grade B Officer vacancies will get Rs. 35150/- monthly. Other than the RBI Pay scale, candidates will also get the perks and allowances.

RBI Grade B Officer Pay Scale:

After getting selected as RBI Grade B officer, you will be on probation for 2 years including 15 weeks training at Reserve Bank Staff College. Also, your job profile will depend on the location and department you will be going to work in and the department.

For more details about the RBI Grade B Officer Salary Structure, candidates need to read the below section of this page which is created by team member of www.privatejobshub.in. 

RBI Grade B Officer Salary Structure

RBI Grade B Officer Salary:
  • The revised Salary Structure is as Rs. 35150/- – 62400/-.
  • Basic Pay – Rs. 35,150/- p.m. along with other allowances.
  • Gross Pay ~ Rs. 75,831/- p.m.
  • Along with the substantial salary, you will also get a number of perks and allowances, read about them below!
  • After appointment you will reside in the RBI Residence.
  • You will also be given a Fuel Allowance ~150 lts.
  • Your Annual Medical Allowance will be ~ Rs. 4,500/- on declaration.
  • Monthly Maid Allowance ~ Rs. 3000/-
  • RBI provides Food/Grocery Sodexo Coupons to its employees ~ Rs. 2000/-
  • LTC/LFC Tour Allowance ~ every 2 years.
  • Loans are cheaper for employees of the RBI.
Get Details About: RBI Grade B Officer Recruitment

RBI Grade B Officer Perks:

RBI Grade B officer is one of the most reputed and prestigious job in the banking industry. Many students are ready with their sword to fight for RBI Grade B 161 posts as all of them are attracted toward the lustrous of 12-14 lakh CTC and in addition of various lustrous perks & allowances.

RBI Grade B Officer perks
RBI Grade B Salary and Perks benefits
Dearness allowances (DA)
DA of 113% of the basic salary of each employee.
DA is revised to 125% after the 7th pay commissions.
House Rent Allowances (HRA)
HRA is given to the officers who are living in other towns or cities and not in their home town.
A Grade B Officer usually gets 2/3 BHK flat depending on the availability in the city.
In case One has been not allotted a flat, RBI provides approx Rs. 70000 for that in Mumbai and accordingly in other cities.
Conveyance allowance (CA)
Conveyance allowance is paid on the basis of the declaration by you.
At the Mumbai centre, the amount is additional 14000 in hand.
Note: – 30 litres extra petrol for all those living in Mumbai, Delhi, Chennai or Bangalore.
Medical allowances (MA)
Declared Medical Bills can be reimbursed.
This allowance is valid for the dependable of the employee as well.
The Annual reimbursements of Medical approx- Rs 4000.and also free dispensary facility besides reimbursement of medical expenses for OPD treatment/hospitalisation as per eligibility.
Education allowances
Not all, but selected officers receive education allowances for their kids.
The Annual reimbursements of education allowances up to Rs. 4000/per month.
Leave Fare Concession Travel (LFC)
One of the best RBI Grade B Officer Salary Perks is LFC Travel allowance.
Once in two years for self, spouse and eligible dependents.
Bank provides around Rs 107000 per person for this.
Bank Loan Facility
As per a recent 7th pay commission revision, RBI has declared provisions for loans in a consolidated manner.
Officers can get loans and advances at a much cheaper rate for Housing, Vehicle, and Computers etc. and as per the bank’s policies.
Briefcase Allowances
BA is drawn by Grade A and B level officers.
The Annual reimbursement of Briefcase is approx Rs- 7000/-.
They can reimburse the price of the briefcase in every three years.
Grade Allowance
 2250 for Grade B officer starts after confirmation (end of probation).

Special Allowance
Pension
Pension is a common thing that every government employee draws after retirement.
Sodexo meal
Sodexo meal is also provided by RBI to Grade B Officers along with RBI Grade B Salary


Final Note:

Candidates can check the RBI Grade B Officer Salary Structure with the help of this page. For more updates about the same you can check the Official Link.

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