RBI Grade B Salary 2018 for Grade B Officer After 7th pay Commission

RBI Grade B Salary 2018: Reserve Bank of India (RBI), a central banking institution which controls the monetary policy of Indian rupee frequently conducts recruitment to fill the Grade ‘B’ Officer vacancies in its administration. Depending upon cadre-wise requirements, graduates or post graduates or experienced hands will be hired for this position. Attractive salary will be given per month for the candidates being placed in Grade ‘B’ Officer position. Very soon one of the recruitment notice for Grade ‘B’ Officer posts will be released by RBI. Are you guys aspiring to join in Grade ‘B’ Officer posts? Do you people want to know about the exact RBI Grade B Salary 2018? Just go through the following information to find answers for your questions.

RBI Grade B Salary 2018 – Highlights
Exam Name RBI Grade B Officer Exam 2018
Exam Type Online
Information RBI Grade B Salary
Pay Sclae Rs.35150 to 62400/-
Exam Date 7th September 2018 (Phase 2)
Exam Phase Phase-I, Phase-II & Interview
Authority Reserve Bank of India (RBI)
Official Site  www.rbi.org.in

RBI Grade B Salary 2018

Usually RBI conducts Grade ‘B’ Officer recruitments for General, Economics & Policy Research, Communication and Statistics & Information Management departments etc. Exam and/ or interview will be conducted by bank for selecting deserving candidates amongst applying citizens.

Placement will be done on any of the branches of RBI depending upon availability of Grade ‘B’ Officer vacancies in each Office. Initially appointed candidates will be on probation for a period of 2 to 4 years based on bank’s decision. During this period aspirants will be able to learn their roles and responsibilities in RBI, thoroughly.

The minimum and maximum pay that is applicable for a Grade ‘B’ Officer in Reserve Bank of India is given below.

Pay Scale of RBI Grade ‘B’ Officer = Rs.35150 to 62400/-

RBI Grade B Officer Salary after 7th pay Commission

What is the RBI Grade ‘B’ Officer Salary after 7th pay Commission? This is the question to most of the candidates nowadays. Listen, RBI is an autonomous body. Salary of employees in RBI will be not be determined by Pay Commission. RBI revises salary of employees every 7 years. Last year also, the salary of employees has been revised. Most probably in 2018 the salary of RBI Grade B Officers will be as follows.

Revised Salary of RBI Grade ‘B’ Officer = Rs.35600 to 65000/- (approx)

Above given basic pay may be incremented incase of candidates with high academic qualification/ experience in relevant streams. Such decisions will be taken by the bank authorities only. The number of maximum increments will be four. Details of RBI Grade ‘B’ Salary in hand including allowances are given on below subheadings.

Other Allowances of RBI Grade ‘B’ Officer:

Apart from salary, other allowances that will be given by bank to candidates hired for Grade ‘B’ Officer posts is listed below.

No. Other Allowances
1 Dearness Allowance
2 House Rent Allowance/ Accommodation
3 Family Allowance
4 Grade Allowance
5 Interest Free Festival Advance
6 Leave Fare Concession
7 Gratuity
8 Pension
9 Loan and Advances for Housing, Car, Education, Consumer Articles, Computer
10 Reimbursement of medical expenses for OPD treatment/ hospitalization
11 Reimbursement of expenses of vehicle for official purpose, newspaper, furnishing residence, brief case, book grant, etc.

The gross emoluments applicable for a person going to engage on Grade ‘B’ Officer posts in Reserve Bank of India is,

Communication Department:

  • RBI Grade ‘B’ Officer Gross Emoluments = Rs.72637/- (approx)

Other Departments:

  • RBI Grade ‘B’ Officer Gross Emoluments = Rs.67933/- (approx)

Transfer and Promotional Scopes for RBI Grade ‘B’ Officer:

Aspirants being hired for Grade ‘B’ Officer posts will be appointed in the concerned branches of RBI which candidates had applied, initially. During their service period, candidates may also be transferred to various units of bank, if requirements arise.

Depending upon their satisfactory service, promotional scopes are applicable for Grade ‘B’ Officers upto the rank of Deputy Governor. Candidates can also write the departmental promotional exams after particular years of service, if eligible. Possibilities of promotional scopes are tabulated below.

No. Hierarchy of RBI Officers
1 Manager
2 Assistant General Manager
3 Deputy General Manager
4 General Manager
5 Chief General Manager
6 Principal Chief General Manager
7 Executive Director
8 Deputy Governor

Roles and Responsibilities of RBI Grade ‘B’ Officer

The duties that should be handled by aspirants who are engaging as Grade ‘B’ Officer in Reserve Bank of India are given below.

  • Helping in media monitoring
  • Helping in editing of RBI Newsletter and Monetary and Credit Information Review
  • Assisting in planning the work related to RBI’s website
  • Currency issue and circulation
  • Management of state and central bank accounts
  • Assisting in marketing/ enhancing to reach the bank’s flagship especially in research, etc.
Reference Links
Official Site Click here

Note: Candidates who are searching for RBI Grade B Salary 2018 details might have got lot of information from above section. To know more refer the links that we have given in this article.

Updated: 2018-07-12 — 9:56 pm

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