RBI Assistant Salary 2022: Know In-hand salary, pay scale, benefits and other details here

Safalta Expert Published by: Himani Mehra Updated Mon, 09 May 2022 08:00 AM IST

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Looking for details on RBI Assistant Salary? Check details of in-hand salary, job profile, allowances, careeer growth and more here at Safalta.com.

RBI Assistant is a dream for many of aspiring students who opt for a job in the banking sector. The Reserve Bank of India has issued a notification for the RBI Assistant 2022 Exam. There are a total of 950 vacancies for the position of Assistant in RBI. RBI Assistant salary is a handsome amount which makes this post very appealing for a lot of candidates. Candidates who are interested to appear for RBI Assistant Recruitment Exam should know all the details regarding the salary and job profile associated with the post. In addition, you can also check out our free General Awareness E-book- Download now for all competitive exams.
  1. RBI Assistant salary is as per 7th CPC.
  2. RBI Assistants receive basic pay amounting to Rs. 14,650.
  3. The payscale is 3150-750 (3)-15400- 900(4) -19000-1200(6)-26200-1300 (2)-28800- 1480(3) – 33240 – 1750 (1)- 34990.
  4. The gross salary of RBI Assistant Salay is Rs.32,429 per month.
Along with this, there are various allowances like Dearness Allowance, House Rent Allowance, City Compensatory Allowance ,and other benefits that RBI Assistants receive. This space will cover all the details related to RBI Assistant Salary and job profile.

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Table of Contents

RBI Assistant Salary 2022

After the 7th day commission, the in-hand salary of RBI Assistant is Rs.36,091 per month. The basic pay is Rs. 14,650 and the pay scale 13150-750 (3)-15400- 900(4) -19000-1200(6)-26200-1300 (2)-28800- 1480(3) – 33240 – 1750 (1)- 34990. The breakdown of the RBI Assistant salary is as follows:
 
Basic Pay Rs.15,060/-
Payscale Rs.13,150 – 750(3) – 15400900(4) – 19000 – 1200(6) – 26200 – 1300(2) – 28820 – 1480(3) – 33240 – 1750(1) – 34990(20 years)
Gross pay Rs.32,429 per month
Salary in-hand Rs.36,091 per month
 

RBI Assistant Salary: Perks and Allowances

Apart from a reputed job and a good salary there are various perks and allowances that an RBI Assistant is offered. The allowances that an RBI Assistant receives include the following:
  • Dearness Allowance
  • City Compensatory Allowance
  • Transport Allowance
  • House Rent Allowance
The amount of allowances are as follows:
 
RBI Assistant Allowances  Amount 
Grade Allowance Rs. 2200/-
Dearness Allowance Rs. 12,587/-
Transport Allowance Rs. 1000/-
House Rent Allowance Rs. 2238/-
Special Allowance Rs. 2040/-
Local Compensatory Allowance Rs. 1743/-
 
Other benefits which are provided to RBI Assistant include:
  1. RBI’s accommodation (subject to availability)
  2. Vehicle maintenance for official purpose
  3. Newspaper
  4. Briefcase
  5. Furnishing Allowances
  6. Reimbursement of medical bills
  7. Interest-free festive advance
  8. Leave Fare Concession (LFC)
  9. Loans at concessional interest rates
 

 

RBI Assistant Salary: Deduction 

The deductions related to the Assistant section salary is as follows:
 
Deductions Amount
EE NPS Contrib Amount Rs. 2,970/-
Prof Tax- split period Rs. 200/-
Meal Coupon Deduction Rs. 160/-
MAF Rs. 225/-
All India RBI Employee Rs. 10/-
Sports Club Membership Rs. 10/-

The total amount of deductions is Rs. 3,375/- (approx).
 

RBI Assistant Salary: Job Profile and Career Growth

It is also important for candidates aspiring to appear for RBI Assistant Exam to know about the job profile of RBI Assistant. The responsibilities of RBI Assistant include the following:
  • To file work: Maintaining files, collecting receipts, balance tally, maintenance of ledger, etc.
  • Verifying bank documents
  • Issuing and circulating the new currency
  • Maintaining Accounts
  • Replying to e-mails and maintaining a record of the same
Besides, the above-mentioned responsibilities and various perks that have been mentioned before, RBI Assistant is provided with various opportunities for promotion. RBI conducts internal promotional exams at regular intervals. Candidates who pass these exams are promoted to higher positions. As positions increase, candidates' salary also increases with promotions. 

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Other Benefits of Being A RBI Assistant

There are various benefits of being an RBI Assistant which is as follows:
  • Work-life: RBI Assistant has to work for 5 days a week. The job duration is 8 hours per day. Weekends are off for RBI Assistant. Thus this job maintains a balance between the work-life and personal life of the employee. Along with this, the number of leaves granted to RBI Assistant is more than what is given in other banking sector jobs. 
  • Medical Benefits: RBI provides medical facilities for the employee and the family as well which a very substantial benefit of working with RBI.
  • Accommodation Facility: RBI Assistants are provided with an accommodation facility.
  • Education Loan: RBI gives education loans up to Rs.20 lakhs to the children of the employees at a very nominal rate. The children are also given scholarships.
  • Housing Loan: RBI gives a housing loan facility to its employees, which is up to Rs.30 lakhs at nominal rates.

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Is RBI assistant a good job?

RBI Assistant is undoubtedly one of the most respectable and the best job for the aspirants of the banking sector. One gets to learn a lot in the organization and simultaneously gets paid quite decently along with other perks and allowances. Working for RBI is a dream for many.

Which is better RBI assistant or SBI clerk?

Providing excellent growth opportunities, RBI Assistants can go to as high as Grade C posts in RBI. SBI Clerk, on the other hand, is a well-established post that is involved in public handling. If you are someone who enjoys dealing with public dealing, SBI Clerk can be an excellent position.

What is the highest salary in RBI?

  • Rs 62400 (Maximum Basic Pay)
  • 62,400/- (Maximum) and this is when an employee does not take any promotion.

Is the RBI assistant job transferable?

RBI Assistants do not get transferred till they complete at least 5 years of their service at one particular branch.

Does RBI give pension to retired RBI Assistants?

All existing employees who joined RBI before January 1, 2012, will get this benefit. For retirees, the cut-off date is November 1, 1990, the date of introduction of the pension scheme at RBI. ... “No arrears of pension will be paid for the period prior to July 1, 2020,” RBI said.

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