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RBI Assistant Salary | RBI Assistant Pay Scale 2020

RBI Assistant Salary | RBI Assistant Pay Scale 2020

Hi Guys welcome, In today’s blog will guide you through RBI Assistant salary and pay scale of the RBI Assistant. The Reserve Bank of India conducts the RBI Assistant exam to recruit assistants in various departments across the country.

If you are hoping looking to know more about  RBI Assistant 2020 salary, then we suggest that you take the look at the below post.

RBI Assistant Salary | RBI Assistant Pay Scale 2020
RBI Assistant Salary | RBI Assistant Pay Scale 2020

RBI Assistant Salary -Important Details

The in-hand RBI Assistant Salary

After the seventh pay commission, the RBI Assistant Salary has increased by a good margin. Today, the in-hand RBI assistant salary is around Rs. 32,000, after all the allowances and deductions. The annual CTC would be around Rs. 3,80,000/-.

The RBI Assistant Pay Scale as per RBI 2020

At present, the initial monthly Gross emoluments Salary for Assistants is approximately ₹ 36,091/-

Payscale: Rs.13150-750 (3)-15400- 900(4) -19000-1200(6)-26200-1300 (2)-28800- 1480(3) – 33240 – 1750 (1)- 34990 (20 years). They will also be entitled to various other perks and allowances such as:

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

Of course, the pay scale changes once you get the promotion. The following table gives the details of the RBI Assistant Pay Scale at each step of the promotion

Sr. No. Post/ Grade/ Scale Pay Scale
1 Assistant 13150-750 (3)-15400- 900(4) -19000-1200(6)
2 Special Assistant 26200-1300 (2)-28800- 1480(3)
3 Senior Assistant 33240 – 1750 (1)- 34990 (20 years)

You can also appear for the departmental examination after which you would be able to be promoted to the officer grade. Once you get promoted to the officer grade, your pay scale would be as follows

Pay Revision

Pay Revision of RBI Assistant Salary happens every 5 years. Your RBI Assistant Pay Scale would usually increase after every pay revision.

RBI Assistant Pay Scale – Allowances

Allowances would make up a large part of your RBI Assistant Salary. Once you get selected into the RBI Assistant, you would be eligible for the following allowances

  1. Dearness Allowance: It is calculated as a percentage of your basic salary. The rate is revised from time to time.
  2. Transport Allowance: Transport allowance is given to compensate for the expenses that you make to travel to work from home.
  3. House Rent Allowance: You would be given a House Rent Allowance or HRA of Rs. 20000 to get a place to rent in the city that you are posted in. If you are getting an official accommodation, then you would not be getting the HRA
  4. City Compensatory Allowance: The CCA would depend on the place of posting. You would be getting more CCA in metro cities compared to other cities.

RBI Assistant Salary – Other Benefits

You would be entitled to a host of other benefits apart from having a handsome RBI Assistant Salary. Some of the benefits that you would get are as follows:

  • A fully furnished 1 BHK apartment as your official accommodation. Please note that RBI’s accommodation subject to availability.
  • Reimbursement of expenses for maintenance of vehicles for official purposes.
  • Allowances for newspapers, briefcase, book grant, the furnishing of your official residence, etc.
  • Dispensary facility besides reimbursement of medical expenses of OPD treatment/hospitalization.
  • Interest-free festival advance. This means that you can get an advance payment from your salary for special occasions
  • Leave Fare Concession (Once in two years for self, spouse and eligible dependents).
  • Loans and Advances at concessional rates of interest for purposes like buying of House and/or Car, Education, Consumer Articles, Personal Computer, etc.
  • Defined Contribution New Pension Scheme, in addition to the benefit of Gratuity.

 

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