NABARD Grade A Salary: Check Job Profile, Promotion and Perks

NABARD Grade A Salary: Check Job Profile, Promotion and Perks

ByAkash Mishra  |  Updated on: Sep 22, 2021NABARD Grade A Prelims 2021 result out. NABARD Grade A mains exam date has not been disclosed yet. Stay tuned with us to get the latest updates on the NABARD Grade A 2021 recruitment.
NABARD Grade A Prelims 2021 result out. NABARD Grade A mains exam date has not been disclosed yet. Stay tuned with us to get the latest updates on the NABARD Grade A 2021 recruitment.
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NABARD Grade A & B Salary and Perks

Students are often confused about the type of work that needs to be done, in-hand salary, and perks offered by NABARD Grade A and B posts. To clear such queries, we are going to share the Job Profile, Salary (basic pay as well as In-hand salary), and career growth opportunities in NABARD Grade A (Assistant Manager) and Grade B (Manager) posts.

We hope that these details of the NABARD Grade A & B Work environment, in-hand salary, and perks will answer all your doubts that you have for this exam. National Bank for Agriculture and Rural Development (NABARD) will soon issue the notification for the recruitment of Assistant Managers (Grade A) for different disciplines in Rural Development Banking Services (RDBS).

Thus, candidates applying for the NABARD Grade A 2021 exam must go through the Salary of NABARD Grade A (Assistant Manager), NABARD Grade B (Manager), and other such details like career growth & promotions here.

Salary of NABARD Grade A Officer (Assistant Manager)

1. Basic pay of NABARD Grade A Officers

NABARD Assistant Managers (Grade A post) have a basic salary of ₹ 28150/- p.m. in the scale of 28150-1550(4) -34350-1750(7) – 46600 –EB - 1750(4)- 53600-2000(1)-55600. 

2. Allowances offered to NABARD Grade A Officers

Assistant Managers in NABARD Grade A are eligible for Dearness Allowance, Local Compensatory Allowance, House Rent Allowance, and Grade Allowance as per rules in force from time to time.

3. In-Hand Salary of NABARD Grade A Officers

At present, initial monthly gross emoluments stand at approximately ₹ 62,600/- p.m.

4. Perquisites offered under NABARD Grade A

  • Officers in NABARD Grade A are also eligible for reimbursement for expenses of vehicle maintenance, newspaper, internet, telephone charges, book grant, allowance for the furnishing of residence, subject to eligibility.
  • Employees can also avail the medical aid, festival allowance, leave travel concession, and loans at concessionary rates. 

Salary of NABARD Grade B (Manager)

  • Basic Pay - 35150/- p.m. within the scale of 35150 - 1750 (9) - 50900 - EB - 1750(2) - 54400 - 2000 (4) - 62400.
  • In-Hand Salary - At present, initial monthly Gross emoluments stand at approximately ₹ 73600/- p.m.
  • Allowances - Same as for Assistant Manager but the amount of compensation is higher.
  • Perquisites - Same as for Assistant Manager but again the amount of compensation is higher.

Apart from the mounted salaries, the allowances/ benefits/ perks are as follows:

  1. Telephone: Rs. 1000/-
  2. News Paper: Rs. 1000/-
  3. Maid: Rs. 2000/-

There are also various alternative allowances that an Asst. Manager/ Manager in NABARD gets to cash-in.

NABARD Grade A and B Job Profile

You can find all the details about NABARD Grade A (Assistant Manager) job profile along with NABARD Grade B (Manager) Job profile below. 

Job Profile of NABARD Grade A (Assistant Manager)

  • The post of Assistant Manager is the lowest one in the hierarchy of managerial posts.
  • The probation period is of 2 years, which can be further extended for a maximum of 1 year at the discretion of the bank.
  • Since there is no specified work profile of an Assistant Manager, which clarifies that he has to do a lot of multitasking.
  • Any work assigned by the Chief General Manager of RO is to be carried out by him.
  • An Assistant Manager has to work on various policies and programmes mandated by Central/State Governments related to Agriculture and Rural Development.
  • Although one is liable to be posted anywhere in India the postings are generally limited to state capitals only. Moreover, as per the HR policy home state postings are not allowed.

Job Profile of NABARD Grade B (Manager)

  • The post of Manager is the next post in the hierarchy to Assistant Manager.
  • A manager is entrusted with the responsibilities to maintain customer relationships, monitor the accounting procedures, approve loans, enable smooth functioning of the office, coordinating with various departments, and facilitate inter-departmental assignments.

NABARD Grade A & B Career Growth and Promotion

As far as promotions are concerned, one gets promoted only after going through departmental exams and interviews. But as these both are managerial posts further promotions definitely bring in considerable prestige and pay hike. The hierarchy of posts right from the post of Assistant Manager is as follows -

  1. Assistant Manager
  2. Manager
  3. Assistant General Manager
  4. Deputy General Manager
  5. General Manager
  6. Chief General Manager
  7. Executive Director
  8. Director

The designation after a Manager post is that of Assistant General Manager which is a highly prestigious post and brings its own set of challenges. An AGM can be posted as a District Development Manager (DDM) in a rural district that works from a residence cum office. It is a one-man office and DDM is entrusted with the responsibility for encouraging rural development activities and monitoring their progress.

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NABARD Grade A and B Work Environment

The work pressure for both posts is low compared to PSBs. It also depends on the magnitude of the operations of a branch. NABARD Grade A & Grade B is five days working a job which allows a person to maintain a good work-life balance at NABARD.

Pros and Cons of NABARD Grade A and B

There are various plus and minus concerning the NABARD Grade A & B Job. We have discussed the basic Pros and Cons of the NABARD Grade A and B job below

NABARD Grade A & B Pros

  • NABARD offers a handsome salary with numerous allowances.
  • The office timing is fixed i.e. 09.30 Hrs to 17.30 Hrs though you may have to work sometimes beyond that if the situation arises.
  • One gets an opportunity to serve society as your work translates into social service.
  • NABARD also provides excellent accommodation facilities in almost all cities.
  • Posting only in state capitals and metros.
  • No corruption at all.

NABARD Grade A & B Cons

  • There is low scope for any dynamic role as one can only do something in his own capacity after getting a DDM posting.
  • The compulsory transfer is one of the biggest drawbacks. Moreover, one cannot be posted in his home state as per HR policy.
  • Work experience at NABARD is only valuable to some organizations.
  • Work culture is purely bureaucratic.
  • Postings are generally given in a different zone to that of the personnel. For example, an employee from North India is likely to be posted to any other zone except North.

Considering the overall job profile and attached remunerations we can conclude that the posts of Assistant Manager and Manager at NABARD offer bright career prospects to the candidates. Due to the relatively low pressure at NABARD, one can also maintain his work-life balance and even continue his further studies and aspire for higher posts. And the most important thing is that as an officer at NABARD one contributes to bringing prosperity in the society and giving a push to rural India’s aspirations.

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Akash MishraAkash MishraMember since Jul 2019
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  • The basic salary of the NABARD grade A officer is  ₹ 28150/- p.m. The pay scale followed is 28150-1550(4) -34350-1750(7) – 46600 –EB - 1750(4)- 53600-2000(1)-55600

  • Yes, there are several perks and allowances with the NABARD Grade A Salary such as  Dearness Allowance, Local Compensatory Allowance, House Rent Allowance, and Grade Allowance as per rules in force from time to time.

  • The official authorities of NABARD decide the salary of NABARD Grade A as well as of NABARD Grade B officers.

  • No, NABARD Grade A is not a Gazetted Officer post.

Regulatory Bodies

Regulatory ExamsNABARDUPSC EPFORBI Grade BSEBI Grade A
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