RBI Assistant Salary 2021: in-Hand Salary Slip, Perks, Work Profile, Career Growth

RBI Assistant Salary 2021: in-Hand Salary Slip, Perks, Work Profile, Career Growth

ByAmrit Gouda  |  Updated on: Oct 28, 2021RBI Assistant 2021-2022 Notification PDF to be announced soon by the officials of the Reserve Bank of India. Interested candidates can check here the exam date, salary, syllabus, cut off, question papers and more to prepare for the RBI Assistant 2021-22 exam.
RBI Assistant 2021-2022 Notification PDF to be announced soon by the officials of the Reserve Bank of India. Interested candidates can check here the exam date, salary, syllabus, cut off, question papers and more to prepare for the RBI Assistant 2021-22 exam.
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RBI Assistant Salary Structure 2021

RBI Assistant Salary Structure 2021: A common query among the students applying for the RBI Assistant exam is its Job Profile and Salary details. It is essential that you are well aware of the work profile, in-hand salary and perks offered, posting locations as well as career growth opportunities offered by RBI Assistant, before applying for this post.

Knowing the RBI Assistant salary and job profile before will give you a clear picture of the roles and responsibilities to be undertaken by an individual. Check out the detailed RBI Assistant In-hand SalaryJob Profile, and Career growth and Promotion opportunities in the post below and resolve all your queries now!

RBI Assistant Pay Scale 2021

Candidates after selection will draw a basic pay of ₹ 14650/- 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). They will also be entitled to various other perks and allowances such as:

  • Dearness Allowance
  • House Rent Allowance
  • City Compensatory Allowance
  • Transport Allowance
Years in ServiceSalaryIncrement
First 3 years₹13,150₹ 750
Next 4 years₹ 15,400₹ 900
Next 6 years₹ 19,000₹ 1,200
Next 2 years₹ 26,200₹ 1,300
Next 5 years₹ 28,800₹ 1,480
Next 1 year₹ 33,240₹ 1,750
20 years₹ 34,990-

RBI Assistant In Hand Salary & Allowances

At present, the initial monthly Gross emoluments for Assistants is approximately ₹ 36091/-.

Perks Offered to RBI Assistant

Apart from the above-mentioned salary, a candidate after selection as an RBI Assistant is entitled to the following perks of the Reserve Bank of India:

  • 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 Job Profile 2021

Reserve Bank of India (RBI) is known as the Banker to other Banks in the country. Thus, the responsibilities one needs to undertake after selection hold critical importance. 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 responsibilities being performed by the RBI Assistants:

  • Ensuring Financial Stability.
  • Currency Issue & Circulation.
  • Banking Document Verification
  • Attending to 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 where the assistants have to reply to the emails on a daily basis.

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 2021

Once you 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 of 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 to Join RBI as Assistant

Salaries for government employees have increased dramatically since the 7th pay commission. Aside from that, an RBI Assistant has a lot of advantages.

  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.

Good Luck!

Posted by:

Amrit GoudaAmrit GoudaMember since Mar 2021
Community Associate at Gradeup. Cleared many bank exams.
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RBI Assistant Salary FAQs

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  • The basic pay of an RBI Assistant is ₹ 14,650/- per month including other allowances.

  • RBI Assistant will be entitled to receive approximately ₹ 17,200/- per month including other allowances

  • An RBI Assistant is responsible for clerical tasks such as maintaining files, verification of documents, maintenance of ledger, etc.

  • Following are the perks and allowances applicable for an assistant in RBI:

    • Dearness Allowance
    • House Rent Allowance
    • Travel Allowance
    • Medical Allowance
    • Transport Allowance
    • Miscellaneous
  • Yes. RBI conducts various examianrion for departmental promotional as well as interviews. An employee with a minimum of 3 years of working experience in RBI is eligible to appear for promotional exams.

PO, Clerk, SO, Insurance