RBI Assistant Pay Scale, In-Hand Salary, Benefits & Allowances, The esteemed Indian governing bank is called the Reserve Bank of India. Being an RBI Assistant in the bank is seen as a privilege. It goes without saying that a position in a prestigious bank like RBI would provide a respectable base salary of 20,700/-.
In addition to the base salary, individuals chosen for the role of RBI Assistant are also eligible for several benefits and allowances. Read this page from top to bottom to learn about In Hand Salary, Salary Structure, Benefits and Allowances, Job Profile, Career Growth, and more.
The bank offers a competitive compensation and bonuses for RBI Assistants, so candidates should anticipate intense competition. As a result, they should put in additional effort and develop a solid preparation plan.
RBI Assistant Salary Scale
Let’s now examine the salary range that the Reserve Bank of India is offering RBI Assistants. The new RBI Assistant Basic Salary is now Rs. 20,700, and the revised RBI Assistant Salary is now Rs. 45,050. The following table presents a comprehensive examination of the RBI Assistant Salary Structure.
| RBI Assistant Salary (Revised) | |
| Particular | Details |
| Basic Pay | Rs. 20,700/- |
| Additional | Rs. 265/- |
| Grade Allowance | Rs. 2200/- |
| Dearness Allowance | Rs. 12,587/- |
| Transport Allowance | Rs. 1000/- |
| House Rent Allowance | Rs. 2238/- |
| Special Allowance | Rs. 2040/- |
| Local Compensatory Allowance | Rs. 1743/- |
| Gross pay | Rs. 45,050/- |
| Net Pay | Rs.40,000/- (approx) |
RBI Salary for an In-Hand Assistant
A chosen applicant for the RBI Assistant position will get an in-hand salary of around 40,000/-. As everyone is aware, the candidate’s actual Salary after all deductions is their “in hand salary.”
RBI Assistant Salary Deductions
You may find information about the RBI Assistant Salary Deductions in the table below. The RBI Assistant In Hand Salary would be paid to the assistant after the deduction of Rs. 3,375/-from gross salary.
| RBI Assistant Salary Deductions | |
| Deductions | Amount |
| EE NPS Contrib Amount | Rs. 2,970/- |
| Prof Tax- split period | Rs. 200/- |
| Meal Coupon Deduction | Rs. 160/- |
| MAF | Rs. 225/- |
| All India RBI Employee | Rs. 10/- |
| Sports Club Membership | Rs. 10/- |
| Total | Rs. 3,375/- (approx) |
Salary Allowances for RBI Assistants
The RBI Assistant In Hand Salary is the total of the basic salary and some basic allowances that are awarded to the RBI Assistant Salary. Let’s examine the subsequent allowances.
- Dearness Allowance
- House Rent Allowance (if accommodation is not provided)
- Compensatory Allowance
- Transport Allowance
RBI Assistant Salary Benefits
The benefits that an RBI Assistant gets to experience are as follows.
- Bank accommodations are contingent to availability.
- reimbursement of maintenance costs for vehicles used for government purposes
- concessional interest rates on loans and advances for things like cars, homes, computers, consumer goods, and education. Regular workers with at least two years of service will be eligible for it.
- Newspaper, purse, Reading Grant, Accommodation Allowance, etc. based on qualifications
- In addition to medical expenditure reimbursement for out-of-pocket treatment or hospitalisation based on eligibility, there is a dispensary facility.
- Get out of the Fare Concession
- In addition to the gratuity Salaryout, the recruits will be subject to the Defined Contribution New Pension Scheme.
- Free of interest Festival Advance
Job Description for an RBI Assistant
- Document verification.
- Candidates for the RBI Assistant position must manage files, which include ledger maintenance, balance tally, receipt gathering, and other tasks.
- Responding to Information Requests (RTIs)
- Issue and Circulation of Currency
- Candidates who are chosen for further consideration must verify their banking information. They must also attend to government treasury work and coordinate their work with higher authorities.
- Five working days and five gazetted holidays are provided by RBI.
- Data entry is the process of entering daily transactions into a computer.
- Responding to emails and keeping email records
Career Development for RBI Assistants
RBI offers its staff members several chances to advance in their careers. After passing the authorities’ internal examinations, the applicant not only gains outstanding experience but also becomes eligible for promotions. It seems sense that an employee’s duties and responsibilities grow with advancement.
The RBI Assistant gets promoted from
- Scale 1: Assistant Manager, Grade A
- Scale 2: Manager, Grade B
- Scale 3: Senior Manager, Grade C
- Scale 4: Chief Manager, Grade D
RBI Assistant Eligibility Criteria
The following are the details on the eligibility criteria for an RBI Assistant.
- Minimum age- 21 years
- Maximum age- 28 years
| Category | Age relaxation |
|---|---|
| ST/SC | 5 years |
| OBC | 3 years |
| PwD | 10 years |
| PwD-OBC | 13 years |
| PwD- SC/ST | 15 years |
| Jammu and Kashmir applicants | 5 years |
| Ex-servicemen | Maximum age- 50 years |
| Widow judicially separated women and not remarried, divorced women | 10 years |