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RBI salary growth work profile.

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Law of Compounding
Law of Compounding

RBI Grade B officers are responsible for important tasks like ensuring the nation's financial stability by maintaining inflation and liquidity, circulating currency to banks, and managing government accounts. The career progression for an RBI Grade B officer goes from support staff to governor. The salary for an RBI Grade B officer is approximately Rs. 75,831 per month along with various perks such as housing allowance, medical reimbursement, travel allowance, pension, and more. RBI Grade B officers work a typical 9-5 schedule for 5 days per week after completing a potential 2-year probation period.

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www.lawofcompounding.net RBI GRADE B
RBI Grade B Officer Work Profile, Salary & Career Path 2018 RBI Grade B Officers Recruitment Notification has released recently. Many of you have applied for this coveted post it is important that you know the RBI Grade B Officer Work Profile, Salary and Career Path. Read about all the above aspects before you sit for the exam and it will motivate you to start your preparation. Also, know the benefits & future career progression of RBI Grade B Officer. www.lawofcompounding.net
Role and Responsibilities of RBI Grade B Officer www.lawofcompounding.net 1. Ensuring Nation¡¯s Financial Stability The RBI Grade B Officers need to work towards keeping the inflation under check and ensure that adequate supply of liquidity of the productive sector is taken care off. This is an important factor to maintain the financial stability of the country and the RBI officers are responsible for the smooth functioning of the same.
www.lawofcompounding.net RBI issues the coins and currency and the RBI Grade B Officers are responsible for its circulation to the various nationalized banks under the ambit of RBI. They are responsible for the smooth functioning of the currency to the subordinate units of RBI and take note of the same. 2. Currency Issue and circulation 3. Management of Government accounts They are also entitled with managing the state and central government accounts by performing various merchant banking functions for them. Continue¡­
www.lawofcompounding.net RBI Grade B : Career Progression Stage 1 Support Staff Stage 2 Assistant Manager Stage 3 Manager Stage 4 Assistant General Manager Stage 5 Deputy General Manager Stage 6 General Manager Stage 7 Chief General Manager Stage 8 Principal Chief General Manager Stage 9 Executive Director Stage 10 Deputy Governor Stage 11 Governor
www.lawofcompounding.net Now that you know about the RBI Grade B Officer Work Profile, you will be more interested to know the salary. RBI Grade B officer is one of the most reputed and prestigious job in the banking industry. Many students are attracted toward the lustrous of 14-16 lakh CTC and in addition of various lustrous perks & allowances. RBI Grade B Officer¡¯s Salary & Benefits
www.lawofcompounding.net ? The pay scale for RBI Grade B officer has been these days revised. ? The revised income structure is as 35150-17 50(9) - 50900- eb-17 50(2) - 54400-2000(4) - 62400 (16 years). ? Basic pay ¨C Rs. 35,150 per month ? Gross Pay ¨C Rs. 75,831/- p.m. Pay scale of RBI Grade B Officer:
www.lawofcompounding.net RBI Grade B Perks & Allowances. RBI Grade B Officer perks RBI Grade B Salary and Perks benefits Dearness allowances (DA) DA of 113% of the basic salary of each employee. DA is revised to 125% after the 7th pay commissions. House Rent Allowances (HRA) HRA is given to the officers who are living in other towns or cities and not in their home town. A Grade B Officer usually gets 2/3 BHK flat depending on the availability in the city. In case One has been not allotted a flat, RBI provides approx. Rs. 70000 for that in Mumbai and accordingly in other cities.
www.lawofcompounding.net Conveyance allowance (CA) Conveyance allowance is paid on the basis of the declaration by you. At the Mumbai centre, the amount is additional 14000 in hand. Note: ¨C 30 litres extra petrol for all those living in Mumbai, Delhi, Chennai or Bangalore. Medical allowances (MA) Declared Medical Bills can be reimbursed. This allowance is valid for the dependable of the employee as well. The Annual reimbursements of Medical approx- Rs 4000.and also free dispensary facility besides reimbursement of medical expenses for OPD treatment or hospitalization as per eligibility. Continue¡­
www.lawofcompounding.net Education allowances Not all, but selected officers receive education allowances for their kids. The Annual reimbursements of education allowances up to Rs. 4000/per month. Leave Fare Concession Travel (LFC) One of the best RBI Grade B Officer Salary Perks is LFC Travel allowance. Once in two years for self, spouse and eligible dependents. Bank provides around Rs 107000 per person for this. Continue¡­
www.lawofcompounding.net Continue¡­ Bank Loan Facility As per a recent 7th pay commission revision, RBI has declared provisions for loans in a consolidated manner. Officers can get loans and advances at a much cheaper rate for Housing, Vehicle, and Computers etc. and as per the bank¡¯s policies. Briefcase Allowances BA is drawn by Grade A and B level officers. The Annual reimbursement of Briefcase is approx Rs- 7000/-. They can reimburse the price of the briefcase in every three years.
www.lawofcompounding.net Continue¡­ Grade Allowance 2250 for Grade B officer starts after confirmation (end of probation). Pension Pension is a common thing that every government employee draws after retirement. Sodexo meal Sodexo meal is also provided by RBI to Grade B Officers along with RBI Grade B Salary Apart from the given perks, there is an Interest-free festival advance, Newspaper, telephone charges, Monthly maid allowances, Book grant, Furnishing of Residence Allowance, Life Insurance Coverage, Medical Insurance, and Educational Leaves etc. as per eligibility. After going through the details it will become easier for you all in getting details about RBI Grade-B Officer Salary after 7th Pay Commission, Perks, Allowances.
www.lawofcompounding.net RBI Grade B Officer Working Hours ? RBI Grade B officer postings are of tremendous importance. ? Before being appointed as grade b officer, you may be on probation for 2 years. ? RBI Grade B officer works for five days in a week. ? The work hours are a regular of a 9 to 5 task.
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RBI salary growth work profile.

  • 2. RBI Grade B Officer Work Profile, Salary & Career Path 2018 RBI Grade B Officers Recruitment Notification has released recently. Many of you have applied for this coveted post it is important that you know the RBI Grade B Officer Work Profile, Salary and Career Path. Read about all the above aspects before you sit for the exam and it will motivate you to start your preparation. Also, know the benefits & future career progression of RBI Grade B Officer. www.lawofcompounding.net
  • 3. Role and Responsibilities of RBI Grade B Officer www.lawofcompounding.net 1. Ensuring Nation¡¯s Financial Stability The RBI Grade B Officers need to work towards keeping the inflation under check and ensure that adequate supply of liquidity of the productive sector is taken care off. This is an important factor to maintain the financial stability of the country and the RBI officers are responsible for the smooth functioning of the same.
  • 4. www.lawofcompounding.net RBI issues the coins and currency and the RBI Grade B Officers are responsible for its circulation to the various nationalized banks under the ambit of RBI. They are responsible for the smooth functioning of the currency to the subordinate units of RBI and take note of the same. 2. Currency Issue and circulation 3. Management of Government accounts They are also entitled with managing the state and central government accounts by performing various merchant banking functions for them. Continue¡­
  • 5. www.lawofcompounding.net RBI Grade B : Career Progression Stage 1 Support Staff Stage 2 Assistant Manager Stage 3 Manager Stage 4 Assistant General Manager Stage 5 Deputy General Manager Stage 6 General Manager Stage 7 Chief General Manager Stage 8 Principal Chief General Manager Stage 9 Executive Director Stage 10 Deputy Governor Stage 11 Governor
  • 6. www.lawofcompounding.net Now that you know about the RBI Grade B Officer Work Profile, you will be more interested to know the salary. RBI Grade B officer is one of the most reputed and prestigious job in the banking industry. Many students are attracted toward the lustrous of 14-16 lakh CTC and in addition of various lustrous perks & allowances. RBI Grade B Officer¡¯s Salary & Benefits
  • 7. www.lawofcompounding.net ? The pay scale for RBI Grade B officer has been these days revised. ? The revised income structure is as 35150-17 50(9) - 50900- eb-17 50(2) - 54400-2000(4) - 62400 (16 years). ? Basic pay ¨C Rs. 35,150 per month ? Gross Pay ¨C Rs. 75,831/- p.m. Pay scale of RBI Grade B Officer:
  • 8. www.lawofcompounding.net RBI Grade B Perks & Allowances. RBI Grade B Officer perks RBI Grade B Salary and Perks benefits Dearness allowances (DA) DA of 113% of the basic salary of each employee. DA is revised to 125% after the 7th pay commissions. House Rent Allowances (HRA) HRA is given to the officers who are living in other towns or cities and not in their home town. A Grade B Officer usually gets 2/3 BHK flat depending on the availability in the city. In case One has been not allotted a flat, RBI provides approx. Rs. 70000 for that in Mumbai and accordingly in other cities.
  • 9. www.lawofcompounding.net Conveyance allowance (CA) Conveyance allowance is paid on the basis of the declaration by you. At the Mumbai centre, the amount is additional 14000 in hand. Note: ¨C 30 litres extra petrol for all those living in Mumbai, Delhi, Chennai or Bangalore. Medical allowances (MA) Declared Medical Bills can be reimbursed. This allowance is valid for the dependable of the employee as well. The Annual reimbursements of Medical approx- Rs 4000.and also free dispensary facility besides reimbursement of medical expenses for OPD treatment or hospitalization as per eligibility. Continue¡­
  • 10. www.lawofcompounding.net Education allowances Not all, but selected officers receive education allowances for their kids. The Annual reimbursements of education allowances up to Rs. 4000/per month. Leave Fare Concession Travel (LFC) One of the best RBI Grade B Officer Salary Perks is LFC Travel allowance. Once in two years for self, spouse and eligible dependents. Bank provides around Rs 107000 per person for this. Continue¡­
  • 11. www.lawofcompounding.net Continue¡­ Bank Loan Facility As per a recent 7th pay commission revision, RBI has declared provisions for loans in a consolidated manner. Officers can get loans and advances at a much cheaper rate for Housing, Vehicle, and Computers etc. and as per the bank¡¯s policies. Briefcase Allowances BA is drawn by Grade A and B level officers. The Annual reimbursement of Briefcase is approx Rs- 7000/-. They can reimburse the price of the briefcase in every three years.
  • 12. www.lawofcompounding.net Continue¡­ Grade Allowance 2250 for Grade B officer starts after confirmation (end of probation). Pension Pension is a common thing that every government employee draws after retirement. Sodexo meal Sodexo meal is also provided by RBI to Grade B Officers along with RBI Grade B Salary Apart from the given perks, there is an Interest-free festival advance, Newspaper, telephone charges, Monthly maid allowances, Book grant, Furnishing of Residence Allowance, Life Insurance Coverage, Medical Insurance, and Educational Leaves etc. as per eligibility. After going through the details it will become easier for you all in getting details about RBI Grade-B Officer Salary after 7th Pay Commission, Perks, Allowances.
  • 13. www.lawofcompounding.net RBI Grade B Officer Working Hours ? RBI Grade B officer postings are of tremendous importance. ? Before being appointed as grade b officer, you may be on probation for 2 years. ? RBI Grade B officer works for five days in a week. ? The work hours are a regular of a 9 to 5 task.