RBI Assistant Salary 2022 - In Hand Salary Slip, Job Profile, Perks

RBI Assistant Salary 2022 - In Hand Salary Slip, Job Profile, Perks

ByAmrit Gouda  |  Updated on: Jul 27, 2022
Check the RBI Assistant salary 2022 to get the complete details of the exam. Get the information of RBI Assistant in hand salary, pay scale, and other details. Note the additions and deductions on RBI Assistant salary.
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The candidates must be well acquainted with the RBI Assistant salary 2022 to get the complete details of the job profile and the organizational status. This will also assist you in having realistic expectations and tracking your career paths accordingly. The RBI Assistants receive a basic pay of ₹20,700, along with this they are also entitled to numerous increments and allowances.

The RBI Assistant salary is in accordance with the rules specified by the 7th pay commission, get to know about the components of the salary structure. We have facilitated the complete details of the RBI Assistant in hand salary, job profile, and salary slip to assist the candidates in getting acquainted with all the parameters and pertinent of the job.

It is essential for the candidates to get completely aware of the RBI Assistant job profile to analyze whether they are a perfect fit for the job profile, and also to develop and inherit the skills required to efficiently pursue the job. The RBI Assistant job profile will provide a crystal clear picture of the upcoming roles and responsibilities. 

 

RBI Assistant Salary Structure 2022

The Reserve Bank of India offers a remarkable opportunity to candidates who are looking forward to pursuing their careers in the banking sector. The lucrative RBI Assistant salary structure along with a plethora of perks and allowances makes the job profile fascinating for the candidates.

The candidates are often curious about the RBI Assistant salary structure 2022 and the details centering on it. Detailed knowledge will assist the candidates in mustering their passion for the job and helping them prepare the best. Also, note the allowances and deductions in the salary structure.

The month-wise RBI Assistant salary 2022 includes basic pay, allowances, and deductions depending on the experience and increment. You must be aware of the RBI Assistant in-hand salary, job profile, perks offered, posting locations as well as career growth opportunities offered by the Reserve Bank of India. The details have been put forth in the table presented here.

RBI Assistant Salary 2022Details 
RBI Assistant Salary Basic Pay₹ 20,700/- per month (i.e. ₹ 20,700 plus two advance increments on RBI Assistant salary admissible to graduates)
RBI Assistant Salary Additional Special Pay430
RBI Assistant Pay Scale20700 – 1200 (3) – 24300 – 1440 (4) - 30060 – 1920 (6) – 41580 – 2080 (2) – 45740 – 2370 (3) – 52850 – 2850 – 55700
RBI Assistant In Hand Salary₹33,421.00
Grade Allowance₹3500
Dearness Allowance₹10152.00
Transport Allowance₹1200
Special Perquisite Allowance₹3985.00
Local Compensatory Allowance₹2627.00
Gross Pay₹53,499.0

RBI Assistant In Hand Salary

The RBI Assistant salary and the prestigious job profile attract a myriad of candidates towards taking up the job. The candidates are also entitled to numerous allowances and emoluments that add up to the fascination of the job profile. The RBI Assistant in hand salary is provided after the net additions and deductions. The in-hand salary is ₹33,201 and you can witness a surge after the Assistants receive an increment.

RBI Assistant Salary & Increment

The RBI Assistant salary also witnesses a surge through the increments provided to them at regular time intervals. Check the basic salary of the RBI Assistant along with the increment for every year of services. The increments added to the salary will cumulatively add up to the basic pay.

RBI Assistant Salary Increments
Service YearsBasic SalaryIncrement
First 3 years₹20,700₹ 1200
Next 4 years₹ 24300₹ 1440
Next 6 years₹ 30060₹ 1920 
Next 2 years₹ 41580₹ 2080
Next 3 years₹ 45740₹ 2370
Next 1 year₹ 52850₹ 2850
20 years₹ 55700-

RBI Assistant Salary Slip

The RBI Assistant salary slip 2022 statement shows the status of the basic pay and allowances provided to an employee. The deduction depends on how much experience and increased scale of the Assistant. The complete knowledge of the salary will assist the candidates in tracing their career paths. The RBI Assistant salary slip contains all the basic details of the deductions and additions to the salary. 

RBI Assistant Salary Slip

RBI Assistant Salary & Perks

Apart from the above-mentioned RBI Assistant salary, a candidate after qualifying all the stages of RBI Assistant selection process will be entitled to the following perks of the Reserve Bank of India. The allowances and the perks received by the RBI Assistant add up to the fascination of the job profile. It is essential for the candidates to get detailed knowledge about all the perks entitled to them to rightly analyze the job profile.

  • Housing Accommodation (subject to availability)
  • Reimbursement of expenses for maintenance of vehicle for official purpose
  • Newspaper
  • Briefcase
  • Book Grant
  • Allowance for furnishing of residence (as per eligibility)
  • Dispensary facility besides reimbursement of medical expenses of OPD treatment/hospitalization (as per eligibility)
  • Interest-free Festival Advance
  • Leave Fare Concession (Once in two years for self, spouse, and eligible dependents)
  • Loans and Advances at concessional rates of interest for Housing, Car, Education, Consumer Articles, Personal Computer, etc.
  • Working Days: They have to work only five days a week.
  • Public Dealing: There is no public dealing involved, it may be needed to address the public grievances or information-providing campaigns.

RBI Assistant Allowances

Along with a lucrative RBI Assistant salary 2022 the candidates are also entitled to numerous perks and allowances. These allowances add up to the basic salary and provide the candidates with a greater cumulative amount. Get detailed knowledge of the allowances as mentioned here. 

  • Dearness Allowance- ₹ 12,587/
  • House Rent Allowance- ₹ 2238/-
  • City Compensatory Allowance- ₹2515 
  • Transport Allowance- ₹ 1000/-
  • Special Pre-requisite Allowance- ₹2753
  • Special Allowance- ₹3788

RBI Assistant Job Profile 2022

It is essential for the candidates to get acquainted with the complete job profile and the work associated with the job to be able to upgrade their skills to pursue the job efficiently. Also, get well equipped with the details of the upcoming roles and responsibilities. 

The Reserve Bank of India (RBI) is known as the Banker to other Banks in the country. Thus, the RBI Assistant job profile and responsibilities hold critical importance in the RBI organization. Assistants are recruited to provide support in the various departments of RBI offices.

It is the Assistants who bear great responsibility when a new currency is released or demonetization of currency takes place. Here are the following work responsibilities, and job profiles being performed by the RBI Assistants, and get detailed knowledge about the duties associated with this work profile.

  • Ensuring Financial Stability
  • Currency Issue & Circulation
  • Banking Document Verification
  • Attending Government Treasury Work
  • File work: It includes a collection of receipts, maintenance of ledger, balance tally, etc.
  • Data Entry: However, with the digitalization of the bank these days the job profile of bank clerks is mostly related to working on the computer and entering the day-to-day transaction.
  • Replying to Mails: RBI receives lots of letters on a daily basis and the assistants have to reply to the emails on a daily basis.

RBI Assistant Salary Deductions

A certain amount is deducted from the salary to provide other benefits to the candidates. The deductions are witnessed in the gross salary and result in the lesser amount of the in hand salary received by the candidates.

Knowing the RBI Assistant Salary is an important approach for the aspirants who are planning to appear in the Assistant exam. The job profile and salary of the RBI Assistant Manager play an important role to get a clear picture of the organizational status, work type and responsibilities to be undertaken by them. Here we have furnished the complete details of the deductions in the salary. 

RBI Assistant Salary DeductionsAmount
EE NPS contribution amount₹4200.00
Prof Tax- Split Period₹200.00
EE NPS Arrears₹3074.00
Meal Coupon Deductions₹160.00
MAF₹225.00
All India RBI Employee's₹30.00
Sports Club Subscription₹20.00

RBI Assistant Posting Locations

Candidates after their selection as RBI Assistant will get an initial posting in the RBI Offices within the recruitment zone from which they applied. However, they may be transferred to other locations in case of an administrative exigency to different centers classified into West, South, North, and East Zone offices as mentioned below. 

  • 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 Assistant Career Growth

The Reserve Bank of India offers a multitude of opportunities to candidates for their career growth and getting and advancing to the higher levels of the firm. Once you secure minimum RBI Assistant cut off marks and join RBI even as an assistant, you will get multiple chances to get promoted to a higher level.

All the candidates who wish to get promoted to the Officer level need to apply for the promotion test and appear for the examination as well. But before that one has to undergo a service period of a minimum of 2 years to become eligible for promotion to Officer Cadre. 

Promotions are conducted at a period every 2 years where Assistants also have the opportunity to be a part of it. There are two processes for an assistant to get promoted to a Grade A officer level:

  • Normal process
  • Merit basis process

(1) Normal process: The employee has to qualify written exam and on the basis of his experience and seniority in the services of a bank, he/she will be selected as an Officer.

(2) Merit basis process: Two-year service (minimum) as a clerk with a JAIIB and CAIIB diploma conducted by the Indian Institute of Banking and Finance (IIBF) is a must with a graduate/post-graduate degree.

There are four scales in Officer cadre:

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

Also, check out why you should join the RBI Assistant rather than a Bank PO here!

Benefits Of Joining RBI As Assistant

The RBI Assistant salary and the salary of other government employees have increased dramatically since the 7th pay commission. Aside from that, an RBI Assistant receives a plethora of advantages. Take a look at the detailed advantages mentioned herewith: 

  1. They will have 5 working days a week. In addition, the working hour lasts 8 hours per day, from 9:15 a.m. to 5:15 p.m., giving the employee personal time after work hours. This system, when compared to other jobs and the private sector, allows the person to maintain a work-life balance.
  2. The RBI not only covers the employee's medical expenses but also those of their family members. This is a huge comfort because many of the amenities are either free or demand a very low fee.
  3. Employees of the RBI are eligible for a house loan of up to Rs.30 lakhs at minimal interest rates.
  4. The RBI offers employees' children's education loans up to Rs.20 lakhs at a very low-interest rate.
  5. When compared to other banking occupations, there are more leaves. An RBI employee is entitled to a greater amount of vacation days, including paid holidays.
  6. RBI is the pinnacle of banking because it is India's central bank, and it oversees all banks, public and private. There is nothing greater in terms of a career than being a part of RBI.
  7. Because the RBI does not have a branch in rural areas, workers are assigned to work in cities. Postings are both in urban and rural locations when compared to other banks.

RBI Assistant Salary FAQs

  • The candidates can get the complete details of the RBI Assistant salary 2022 to be able to analyze their work profile and have realistic expectations for the job. The basic pay is 20, 700. They are also provided with certain allowances and benefits. The in hand salary is 33,421. The RBI Assistants receive a gross pay of 53,499. They are also entitled to numerous perks and allowances that make their job profile even more attractive.

  • The RBI Assistant salary is in accordance with the 7th pay commission of the Government of India. The lucrative RBI Assistant salary attracts a myriad of applicants to the prestigious job profile. The basic salary of RBI Assistant is ₹ 20,700/- per month including other allowances and perks.

  • The Reserve Bank of India offers an attractive RBI Assistant salary package along with numerous allowances and benefits. They also receive increments at regular time intervals. RBI Assistant receives a basic pay of ₹20,700 along with certain increments, in the next five years the salary is expected to witness a surge. RBI Assistant salary after 5 years will be entitled to receive approximately ₹ 24300 per month including other allowances.

  • The RBI Assistant Manager receives a handsome salary package, along with numerous allowances and benefits. The RBI Assistant Manager salary is ₹14,24,834 per year. It depends on the experience and increased scale of Assistant Manager.

  • The candidates must be aware of the RBI Assistant job profile to analyze upcoming roles and responsibilities to upgrade their skills and get prepared for the upcoming roles and responsibilities. It is essential for the candidates to get be conversant with the job profile to analyze whether you are fitting the criteria or not. The RBI Assistant job profile is responsible for clerical tasks such as maintaining files, verification of documents, maintenance of ledger, etc.

  • Along with an attractive RBI Assistant salary they are also entitled to numerous perks and allowances that add up to the attraction of the job profile. The list of the allowances is as mentioned herewith:

    • Dearness Allowance
    • House Rent Allowance
    • Travel Allowance
    • Medical Allowance
    • Transport Allowance
    • Miscellaneous
  • The Reserve Bank of India offers a plethora of opportunities to the candidates and assists them in stepping up the steps to success. The eligible and competent candidates are eligible for promotion to higher posts.  RBI conducts various examinations for departmental promotion as well as interviews. An employee with a minimum of 3 years of working experience in RBI is eligible to appear for promotional exams.

  • The candidates must be conversant with the RBI Assistant in-hand salary structure and the components present herewith. At present, the initial monthly in-hand salary for Clerks is approximately ₹ 33421/-. The numerous allowances and perks add up to the basic salary structure of RBI Assistants and the highly reputed job profile adds up to the attraction.

  • The RBI Assistants receive increments frequently, which leads to an increase in the RBI Assistant salary to be able to move ahead in the recruitment process. The basic pay of the RBI Assistant is 20,700 and along with this, they receive an increment of ₹ 1200 for the next three years. The amount of increment also increases with time and hence leads to a lucrative amount in the RBI Assistant salary.

  • The RBI Assistant salary slip provides the candidates with complete information on the gross deductions and additions to the salary. It provides you with a vivid depiction of the salary structure that aids you in analyzing the work profile and tracing that path of success.

  • A certain amount is deducted from the salary of the Assistants for income tax, prof tax, and other factors. The accumulation of the net deductions and additions leads to an amount of the RBI Assistant in hand salary. The deductions that are carried out on the RBI Assistant salary are as listed here:

    • EE NPS Contribution Amount- ₹4200.00
    • Prof Tax Split period- ₹200.00
    • License Fee- ₹63
    • EE NPS Arrears- ₹3074.00
    • Meal coupon deductions- ₹160.00
    • MAF- ₹225.00
    • All India RBI Employee's fund- ₹30.00
    • Sports Club Subscription- ₹20.00
  • The RBI Assistants are posted in various locations across the country. You can be posted to different locations in the North, South, East and West. The centers in the North zone are Chandigarh, Jaipur, Jammu, Kanpur, and New Delhi. You must be wholly cognizant of all the factors.

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