RBI Grade B officer Salary & Career Growth |

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After the notification out for RBI Grade B, there is a ray of light in the darkness for many students. Although RBI grade B is itself enough to motivate student but in this treatise, we will be going to discuss the job profile, Salary structure and career path which will definitely pump up your blood to work for it more passionately.

RBI Officers (Grade-B) Salary
As you will be going to work in the central bank of the country so the job profile of your’s is going to be very dynamic and versatile. 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 can be as follows:

Currency Issue and Circulation

Being a RBI Grade B officer you have to maintain the circulation of currency and coins issued by RBI. Work related to the currency is managed by this department in which you are working with a team of assistants and officers.

Maintaining Financial Stability

In this department work is very interesting as you have to continuously check on the inflation. You have to control the supply of liquidity in the market. You will be working with the energetic team where you will play an important role in decision making and managing liquidity in marked by various policies.

Management of Government Accounts

As said RBI is bankers bank so same in this department your role going to be. You will have to manage various government and central bank accounts and need to perform all the banking functions of RBI. You will be going to manage various government sector’s bank account.

RBI Grade B officer: Salary and Allowances

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.

The Pay scale for the RBI grade B officer is Rs. 35150-1750(9)-50900-EB-1750(2)-54400-2000(4)-62400 which means you will be having basic pay of 35150 in which you will get increment of 1750 till nine years then after nine years you get into the executive band with a basic pay of 500900 and then again for two years you will get increment of 1750 and further increment of 2000 for 2 years and you will end up with the basic pay of 62400 and this is when you don’t get any promotion. Also, there are various allowances like Dearness Allowance, House Rent Allowance, Family allowance, Grade Allowance, Telephone Allowance, Household Allowance, Conveyance Allowance, Local allowance. At present, one can fetch a handsome sum of approx Rs. 67,964/- pm as a RBI grade B officer.

One can also take benefits of Telephone charges, Newspaper, book grant, Spectacles, Furnishing of Residence Allowance, Life Insurance Coverage, Sodexo meal, Medical Insurance, and Educational Leaves etc. as per eligibility.

So friends, we are sure that these monetary benefits are enough to encourage you all. And apart from these, you will be the BANKER in RBI.

RBI Grade B officer: Growth Path

Below Image will describe the hierarchical Growth Path of RBI Grade B officer.

Out of the 4 Deputy Governors, 2 are selected from within the RBI ranks and these are those who joined as Grade B Officer level. Most of the Grade B direct recruities can reach to CGM (Chief General Manger) level before retirement. After CGM promotions avenues are limited to Executive Director and DG and that depends on age and other factors at that time. Also, there are examinations to get promotion and reach to next level.

Joining RBI as Grade B level one gets the opportunity to do a variety of roles and RBI being a very employee friendly organisation provides you with a strong platform for making a career.

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