The basic pay of an RBI Grade B Officer is Rs. 55,200/– per month in the starting. While the Gross monthly salary is approx. Rs. 1,08,404/- (as per the official RBI Grade B Notification 2022).
However, this doesn’t mean that the in-hand salary is Rs. 1,08,404/-. There are several perks & allowances included in the gross salary.
Yes, you read it right.
The in-hand salary of an RBI Grade B Officer is approximately Rs. 1,00,000/- (you can check the break-up in the salary slip section below).
Now, the RBI Grade B Officer job is a standout job amongst the most well-known jobs in the public sector of India.
I say that because, The Central Bank of India, i.e., RBI is exceptionally liberal in paying RBI Grade B Officer Salary and Emoluments for even the smallest of expenses.
The total cost to the company (CTC package) is around 20-24 lacs in metro cities like Mumbai, Delhi, etc.
Now, let us look at the RBI Grade B officer pay scale, perks, and allowances and understand how much salary you can draw as an RBI Grade B officer.
RBI Grade B Officer Salary Allowances (Perks)
As far as allowances go, there are a lot of perks provided by RBI in the revised salary, to all the officers, that I have written in a very simple language to help you understand.
Dearness Allowance (DA):
The first is Dearness Allowance. You will get a DA of 113% of the basic salary but it has been revised to 125% after the 7 central pay commissions.
House Rent Allowance (HRA):
The second is the House Rent. I know the pain of going out of your hometown to some other city to work. Besides, going away from your parents is also difficult but RBI tries to help you out by providing you a home.
That said, the HRA is given to the officers who couldn’t get accommodation from RBI because the number of flats is limited.
An RBI Grade B Officer is most likely to get a 2/3 BHK home in the city.
In some cases, if someone has been not allocated a flat, RBI gives enough money that you can easily find a satisfactory place to live in a good locality.
Education Allowance:
The fourth one is the Education Allowance. Not all, but selected officers do receive education allowances for their families as well. The Annual reimbursements of education allowance are up to Rs. 4000/per month.
Medical Allowance:
This is the fifth one. You get a Medical Allowance of up to Rs. 4000. These allowances are also valid for the dependents of the employees.
Fuel Allowance:
Seventh is the Fuel Allowance through which, you can claim up to 150 liters of fuel per month.
Maid Allowance:
Ninth is the Maid allowance. You will be offered Rs 3000/- under the maid allowance.
Mobile Allowance:
The tenth is the Mobile Allowance through which you can claim up to Rs 1500/- as a mobile allowance.
Briefcase Allowance:
The twelfth one is the BA which is drawn by Grade A and B level officers. You can get a Briefcase allowance of up to Rs. 7000/-. They can reimburse the price of the briefcase every three years as well.