RBI Assistant In-hand Salary, Perks, Allowances, Job Profile, Career Growth and Promotions

Pooja | May 17, 2020

Overview

DescriptionDetails
Board Name
Reserve Bank of India (RBI)
Job Type Central Govt Jobs
Post Names
Assistant posts
Total Number of Vacancies
926 vacancies
Similar JobsBank Jobs
Preliminary Test date
14th and 15th February 2020
Selection Process
Prelims, Mains, LPT
Official portal
https://www.rbi.org.in/

RBI Assistant Salary/Pay Scale 2020

Before applying for RBI Assistant Recruitment 2020, a common question arises among the applicants “What is RBI assistant salary?”. It is very important to know the job profile, salary in hand, perks, job locations, career opportunities, etc. Check the RBI Assistant Inhand salary, job opportunities, roles and responsibilities, allowances, career growth, and promotions, etc from the below sections.

What is the Salary In hand for RBI Assistant?

  • Basic Pay: Rs. 14650/- per month
  • Salary/Pay Scale: Rs. 13150 – 750 (3) – 15400 – 900(4) – 19000 – 1200(6) – 26200-1300 (2) – 28800 – 1480(3) – 33240 – 1750 (1) – 34990 (for 20 years)
  • Salary during Training: Rs. 22,000/- per month ( approximately)
  • Salary in Hand: Rs. 36,091/- per month ( approximately)

Candidates who got selected as Assistants will draw a basic salary of Rs. 14, 650/- per month (i.e, Rs. 13, 150/- plus two advance increments admissible to graduates) in the scale of Rs. 13150 – 750(3) – 15400 – 900(4) – 19000 – 1200(6) – 26200 – 1300(2) – 28800 – 1480(3) – 33240 – 1750(1) – 34990 (for 20 years). In the present days, initial gross emoluments for RBI Assistants is approximately Rs. 36, 091/- per month.

RBI Assistant Other Allowances

Other allowances are also provided to the selected aspirants as admissible from time to time.

  • City Compensatory Allowance
  • Dearness Allowance
  • House Rent Allowance
  • Transport Allowance, etc

Perks Offered To RBI Assistants

Along with the RBI Assistant In hand salary, Reserve Bank of India offers the following perks to the selected candidates:

Accommodation

  • Bank’s accommodation (subject to availability)
  • Allowance for furnishing of residence
  • Newspaper
  • Briefcase
  • Book Grant
  • Reimbursement of expenses for the maintenance of the vehicle for official purpose

Travel Fare Reimbursements

  • Interest-free festival advance
  • Leave fare concession

Medical Facilities

  • Dispensary facility besides the reimbursement of medical expenses for OPD treatment/hospitalization

Loans Facility

  • Providing loans and advances at the concessional interest rates for consumer articles, housing, car, education, personal computer, etc which will be available to the regular employees put in at least two years of service

Pension Facility

  • In addition to the benefit of gratuity, selected candidates will be governed by the “Defined Contribution New Pension Scheme”

Place of Posting For RBI Assistants

Initially, selected candidates will be posted in RBI’s office within the recruitment zone (for which they have applied). Place of postings are classified into West, South, North and East Zone offices as follows:

  • North Zone: Jammu/Srinagar, Kanpur (including Lucknow and Dehradun), Chandigarh (including Shimla), Jaipur, New Delhi
  • West Zone: Mumbai (including Belapur, Pune, and Panaji), Ahmedabad, Bhopal (including Raipur), Nagpur
  • South Zone:  Hyderabad, Bengaluru, Chennai, and Thiruvananthapuram (including Kochi)
  • East Zone: Kolkata (including Gangtok), Bhubaneswar, Guwahati (including all North Eastern states excluding Gangtok), Patna (including Ranchi)

RBI Assistant Career Growth and Promotions

Candidates who have joined as an Assistant will get multiple chances to get promoted for the higher levels. To get promoted for the next officer level, one has to undergo the service or bond period of a minimum of 2 years. Then, they have to apply and appear for the promotion test. There are two processes for an RBI assistant to get promoted to a Grade A officer level. They are as follows:

  • Normal process: In this process, candidates have to qualify the written test and based on the experience or seniority in the bank services, he/she will be selected as an officer
  • Merit-basis process: Along with graduate/post-graduate degree, minimum 2 years service as an RBI Assistant/clerk with a JAIIB and CAIIB diploma conducted by Indian Institute of Banking and Finance (IIBF) is compulsory

RBI Assistant is the entry-level post. After the five years of service, selected candidates as assistants will be able to get promotions as given below:

  • Scale 1 – Officer/Assistant Manager, Grade -A
  • Scale 2 – Manager, Grade- B
  • III Scale – Senior Manager, Grade- C
  • Scale 4 – Chief Manager, Grade -D

Job/Work Profile of RBI Assistant

The roles and responsibilities of RBI Assistant are as follows:

  • Data Entry (Computer-based work) – entering day to day transactions
  • File work/Maintaining files including the receipts collection, ledger maintenance, tallying of balance, etc
  • Generation of reports
  • Responding to RTI queries
  • Banking document verification
  • Responsibilities of government treasury work
  • Checking and replying to Mails -Inward and outward mail entry
  • Issue of currency and circulation
  • Initiation of notes, etc

Frequently Asked Questions

Q. What is the Salary In hand for RBI Assistant?

A. RBI assistant in-hand salary is Rs. 36,091/- per month ( approximately)

Q. What is the basic pay for RBI assistant post?.

A. Rs. 14650/- per month is the basic pay for the assistant post in RBI.

About Author

Pooja

Pooja

Being a content writer, I am providing clear information about Latest, Live, upcoming job notifications across the country. My Intension is to provide the genuine information for the folks who are preparing for various exams everyday. 

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