2. RBI Grade B Officer Work Profile,
Salary & Career Path 2018
RBI Grade B Officers Recruitment Notification has
released recently. Many of you have applied for this
coveted post it is important that you know the RBI
Grade B Officer Work Profile, Salary and Career Path.
Read about all the above aspects before you sit for the
exam and it will motivate you to start your
preparation. Also, know the benefits & future career
progression of RBI Grade B Officer.
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3. Role and Responsibilities of RBI Grade B
Officer
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1. Ensuring Nation’s Financial Stability
The RBI Grade B Officers need to work
towards keeping the inflation under check
and ensure that adequate supply of liquidity
of the productive sector is taken care off.
This is an important factor to maintain the
financial stability of the country and the RBI
officers are responsible for the smooth
functioning of the same.
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RBI issues the coins and currency and the RBI Grade B Officers
are responsible for its circulation to the various nationalized
banks under the ambit of RBI. They are responsible for the
smooth functioning of the currency to the subordinate units of
RBI and take note of the same.
2. Currency Issue and circulation
3. Management of Government accounts
They are also entitled with managing the state and central
government accounts by performing various merchant banking
functions for them.
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RBI Grade B : Career Progression
Stage 1 Support Staff
Stage 2 Assistant Manager
Stage 3 Manager
Stage 4 Assistant General Manager
Stage 5 Deputy General Manager
Stage 6 General Manager
Stage 7 Chief General Manager
Stage 8 Principal Chief General Manager
Stage 9 Executive Director
Stage 10 Deputy Governor
Stage 11 Governor
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Now that you know about the RBI Grade B
Officer Work Profile, you will be more
interested to know the salary.
RBI Grade B officer is one of the most
reputed and prestigious job in the banking
industry. Many students are attracted
toward the lustrous of 14-16 lakh CTC and in
addition of various lustrous perks &
allowances.
RBI Grade B Officer’s Salary & Benefits
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The pay scale for RBI Grade B
officer has been these days
revised.
The revised income structure
is as 35150-17 50(9) - 50900-
eb-17 50(2) - 54400-2000(4) -
62400 (16 years).
Basic pay – Rs. 35,150 per
month
Gross Pay – Rs. 75,831/- p.m.
Pay scale of RBI Grade B Officer:
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RBI Grade B 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.
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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 or hospitalization as per eligibility.
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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.
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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.
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Grade Allowance
2250 for Grade B officer starts after confirmation (end of
probation).
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
Apart from the given perks, there is an Interest-free festival advance, Newspaper,
telephone charges, Monthly maid allowances, Book grant, Furnishing of
Residence Allowance, Life Insurance Coverage, Medical Insurance, and
Educational Leaves etc. as per eligibility.
After going through the details it will become easier for you all in getting details
about RBI Grade-B Officer Salary after 7th Pay Commission, Perks, Allowances.
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RBI Grade B Officer Working Hours
RBI Grade B officer postings are of
tremendous importance.
Before being appointed as grade b
officer, you may be on probation for 2
years.
RBI Grade B officer works for five days
in a week.
The work hours are a regular of a 9 to
5 task.
