RBI Assistant Salary 2020

The RBI Assistant receives a salary of approximately Rs. 32,000 every month including all the allowances such as DA, House Rent Allowance, Travel Allowances and all other perks. Go through the complete article to know about the RBI Assistant 2020 Salary, grade pay, the Salary-in-hand, the job profile, promotions, and more. 

RBI Assistant Salary 2020

• The RBI Assistant Job Profile includes data entry, filing of documents, inward and outward mail entry, replying to mails.
• Aspirants should check for the detailed RBI Assistant Vacancy that is available for the year 2020
• RBI assistant salary after the 7th pay commission has undergone some changes, go through the article to know the changes
• The job stability and lucrative salary attract lakhs of candidates every year. More than 5.5 lakhs candidates appear for the prestigious exam every year.
• Meanwhile , the candidates should also know about the Different Posts in Banking Sector and apply for the posts they are eligible for in due time.

RBI Assistant Salary 2019-20 Highlights

Exam	RBI Assistant Exam
Conducting Body	Reserve Bank of India
Basic Salary	Rs.14,650/- per month
Allowances	Dearness House Rent, City Compensatory Allowance, Transport Allowance
Total Salary	Rs.32,429/- per month
Working Days	Weekdays
Public Dealing	None
Accommodation	Quarters will be provided
Selection Process	Prelims, Mains, and Local Language Test
Official Website	www.rbi.org.in

RBI Assistant Salary 2020 after 7th Pay Commission

After the 7th Pay Commission, there has been a huge hike in the salary for the assistant position. Reserve Bank of India pays a starting basic salary of ₹ 15,060/- per month (i.e. ₹ 13150 plus two advance increments admissible to graduates) in the scale of 13150-750 (3)-15400- 900(4) -19000-1200(6)-26200-1300 (2)-28800- 1480(3) – 33240 – 1750 (1)- 34990 (20 years). The following table displays the basic salary, pay scale, and gross pay that the newly hired employees will receive.

RBI Assistant Salary after 7th Pay commission
Basic Salary	Rs. 15,060/- per month
Pay Scale	Rs 13150 – 750(3)-15400900(4)-19000-1200(6)-26200-1300(2)-28820-1480(3)-33240-1750(1)-34990(20 years)
Gross pay	Rs. 32,429

RBI Assistant Salary In Hand 2020

The Salary In Hand that an Assistant receives is Rs 32,429/- including the house rent that the employees are entitled to. Reserve Bank of India is considered to be a very good payer when it comes to in-hand pay, increments, and other amenities.

RBI Assistant Perks and Allowances 2020

The candidates who clear the exam and get selected as an RBI Assistant receive a number of perks and allowances. Go through the detailed information about perks and allowances received by an RBI Assistant in the below:

• Allowances: Apart from the basic salary, selected candidates are entitled to get other allowances such as Dearness Allowance, House Rent Allowance, City Compensatory Allowance, Transport Allowance, etc.
• Accommodation: You will be given Housing Accommodation (Subject to availability)
• Reimbursements: For expenses for maintenance of vehicle for official purpose, newspaper, briefcase, book Grant, allowance for the furnishing of residence, etc. as per eligibility.
• Loans and Advances: An RBI Assistant will be granted at concessional rates of interest for Housing, Car, Education, Consumer Articles, and Personal Computer.
• Reimbursement of medical expenses for hospitalization and OPD treatment
• Interest-free Festival Advance will be provided
• Working Days: An RBI Assistant have to work only five days a week
• Public Dealing: There is no public dealing involved. However, you may be needed to address the information providing campaigns
• At present, initial monthly Gross emoluments for Assistants is approximately ₹ 32528/- including House Rent Allowance @ of 15 %.

RBI Assistant Benefits 2020

RBI Assistant will also receive a number of prerequisites after joining. The prerequisites are as follows-

• Accommodation: Bank’s accommodation will be provided as per the subject to availability 
• Reimbursements: Reimbursement of expenses for maintenance of vehicle for official purpose, Newspaper, Briefcase, Book Grant, Allowance for furnishing of residence, etc. will be provided as per eligibility.
• Medical Facilities: Dispensary facility besides reimbursement of medical expense of OPD treatment/ hospitalization will be provided as per eligibility.
• Travel Fare Reimbursements: Interest-free festival advance, Leave Fare Concession (Once for two years for self, spouse, and eligible dependents).
• Facility of Loans: Loans and advances at concessional rate of interest for housing, Car, education, consumer articles, personal computers, etc.
• Pension: Selected candidates will be governed by the Defined Contribution New Pension Scheme, in addition to the benefit of Gratuity.

RBI Assistant Career Growth Prospects 2020

The RBI Assistant gets multiple chances to get promoted to a higher level. The RBI Assistants who are willing to get promoted to the Officer Cadre should apply for and sit for the promotion test. Everyone cannot apply for the promotion test and in order to apply, they must have already served as an Assistant for at least 2 years period. The Promotion Tests will be conducted every two years. There are two processes for promotion to the Grade A Officer Level. The processes are:

• Normal Process: The normal Process of promotion includes qualifying the written exam and based on the seniority and experience in the service, the Assistant will be promoted.
• Merit Basis Process: For the Merit-Based Promotion, the candidate should have a graduate/post-graduate Degree and should have served at least for a period of 2 years as a clerk with the JAIIB CAIIB diploma which is conducted by Indian Institute of Banking and Finance

Here, We have provided you details of what will be the RBI Assistant Career Growth.

• Until the employee will get promoted to the Officer level, you are not transferred.
• An Officer level employee can not be transferred to their home state.
• The four scales of Officer Cadre are-Grade A Officer(Scale 1), Manager-Grade B(Scale 2), Senior Manager-Grade C(Scale 3), Chief Manager-Grade D(Scale 4)
• Candidates should have experience of at least 2 years to be eligible for the promotion.
• As an Officer, the employee will be transferred after an interval of five years.
• The employee of RBI will get many opportunities to be promoted on the basis of your performance and also via internal exams.

RBI Assistant Job Profile 2020

The job profile of an RBI Assistant is the same as in other public sector banks. Let us have a look at the roles and responsibilities of an RBI Assistant:

• File Work: It includes a collection of receipts, maintenance of Ledger, Balance tally, etc.
• Verifying and maintaining documents related to various matters of an organization
• Data entry work: It is a computer-based work in which an RBI Assistant is responsible for entering day-to-day transactions
• Exchange E-mails: RBI will receive a lot of letters on a daily basis. You will be given the responsibility to maintain the record of all the letters and emails sent and received.
• Attending to Government treasury work
• Ensuring Financial Stability
• Initiating notes and generating the reports on a daily basis.
• Replying to Mails: RBI receives a lot of letters and emails daily and as an assistant, you will be given the responsibility to approve them from your in charge before making the final copy.

RBI Assistant Promotion Policy 2020

The assistants in RBI are promoted through two processes- Normal and Merit Base Process.

1. Normal Process- The employee has to qualify a written examination and on the basis of seniority and experience in the banking service, he/she will be ranked as Officer.
2. Merit base Process- Minimum two years as a clerk in JAIIB and CAIIB diploma from the Indian Institute of Banking and Finance is a must along with Graduation/Post-Graduation Degree.

There are 4 cadres as mentioned in the table below. The promotion of employees and moving up the ladder depends solely on performance. The amount of exposure and banking knowledge that RBI employees gain is very fruitful in their profession.

SCALE	CADRES
Scale 1	Officer/Assistant Manager(Grade 1)
Scale 2	Manager (Grade B)
Scale 3	Senior Manager (Grade C)
Scale 4	Chief Manager (Grade D)

RBI Assistant Posting Locations

Candidates post selection as RBI Assistant will be initially posted in RBI Offices within the recruitment zone from which they applied. However, transfers may happen to other locations in case of an administrative exigency to different zones classified into West, South, North and East Zone offices as follows-

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

RBI Office Attend Salary 2020

The basic salary of an RBI Office Attend will be Rs.10,940/- per month in the scale of 10940 – 380 (4) -12460 – 440 (3) – 13780 – 520 (3) – 15340 – 690 (2) -16720 – 860 (4) – 20160 – 1180 (3) – 23700 (20 years). Also, they are entitled to get other allowances like Special Compensatory Allowance, City Compensatory Allowance, Family Allowance, House Rent Allowance, Dearness Allowance, Grade Allowance, etc. The initial gross salary is Rs.22,339/- per month.

Previous and Revised RBI Assistant Salary

Candidates can grow through the previous and revised salary of an RBI Assistant.

RBI Assistant Salary 2020- Comparison of RBI Assistant to other Bank POs

Have you ever thought of which one you would choose if you were in a situation like RBI Assistant Vs SBI PO? Candidates prefer the RBI Assistant post over other bank PO posts due to a large number of reasons. Some of them are listed below.

1. Transfers: You will be transferred after every five years in RBI whereas it is 3 years for other bank PO posts.
2. Rural Postings: RBI has its branches in urban regions only all their employees are posted in urban areas. For other banks, the employees do get posted in rural areas as well.
3. Work Pressure: There is a lot less pressure on RBI Assistants compared to other banks' POs.
4. Working Days and Timings: RBI has a fixed work timing of 9:15 A.M. to 5:15 A.M. whereas other bank's work timing is more as they have many targets to fulfill. The number of working days is only five per week.
5. Brand: The RBI assistant salary in hand 2020 is a major attraction factor for candidates to aspire for a career in the reputed RBI.

Bank PO	Basic Pay
IBPS PO	Rs. 27,620
SBI PO	Rs.27,620

It must be noted that in order to clear highly competitive exams like RBI Assistant, you must make sure to stay updated with the Current Affairs also as current affairs constitute a major portion of most of the competitive exam syllabus and it requires consistent preparation to score in this section.