As per the recent survey, RBI was voted the best place to work. RBI is the central bank and there are numerous perks offered to this post apart from salary and very reputed job. The role of RBI Grade B Officer is gaining popularity over the past few years. Grade B Officers are the foot-soldiers who deal with day to day work or banking activities of the bank and maintain cash inflow order is offered varied perks and benefits for his services. Officers are also responsible for the swift functioning of other member banks under the RBI. The basic pay of the Grade B officer is Rs. 35,150/- per month with an annual increment of Rs. 1750. Other then Salaries and there are many other benefits provided to Grade B. The career prospects are extensive as a grade B officer in RBI. There are 7-8 officers above the Grade B officer. Deputy Governor is the highest position a Grade B officer can rise. The Grade B officer can be the Governor of RBI by the government. Even there is several probability of getting familiar with some most reputed corporations or organization such as World Bank, IMF, Bank of International Settlements, Basel, Switzerland, and Ministry of Finance, Government of India, etc.

Pay Scale and Other Benefits RBI Grade B Officer

Once the person is selected for the post of the Grade B Officers a secured life is guaranteed, with handsome amount of gross salary in hand of Rs. 75,831/- (including basic pay Rs.35,150/-, special allowance Rs.1800/-, grade allowance Rs.6800/-dearness allowance of Rs.23141/- or 113% of basic salary, education allowances of Rs. 4000/-, local compensatory allowances of Rs. 3664/-) per month. When medical expenses are declared then Annual medical allowance of Rs. 4,500/- is offered. Even maid allowance of Rs.3,000/- per month is designated. Along with the above benefits Sodexo Meal Coupons of Rs. 3600/- per month is provided for grocery shopping. The accommodation facility is also arranged in accordance with the place of posting. Depending on the availability of residence 2/3 BHK is specified to the officer. In case if the residence facility not available, then the individual is liable to receive House Rent Allowance of Rs.5273/- for each month or Rs.70000/- annually. The Officers also receive a Conveyance allowance of 150 liters petrol or Rs. 16504/- per month which is for their spouse and other two dependents. The conveyance allowance is 50 liters more in metro cities. The other miscellaneous allowances such as the Household allowance of Rs.4000/-, internet data and telephone allowance of Rs.3100/- per month, newspaper of Rs. 708/- per month, Gadget maintenance allowance Rs.500/- etc., are also offered to the employees. Every three years Employee can reimburse the amount of Rs.7000/- of briefcase under briefcase allowance. Even Employee can avail an amount of Rs 7000/- under spectacles allowance for himself or herself or the spouse. RBI Grade B Officer gets the facilities Loan. Once in a year, one month salary is paid as a loan to officers with 0% (Zero Percent) interest. Home loan up to Rs. 40 lacs with subsidized simple interest. Car Loan with subsidized simple interest up to Rs. 10 lacs. The RBI offer around Rs.1,00,000/- under LFC allowance for employees. This allowance can be availed once in two years for self, spouse, and dependents.



After being an RBI Grade B Officer life is balanced with perfect work balance and excellent salary package. The office timing is typical of 09:00 to 05:00 or 10:00 to 06:00. The office is for 5 days in a week officers have enough time to spend with family and friends and have time for recreational activities or hobbies which were left far behind in getting the RBI Grade B Officer post.

Promotion prospects of RBI Grade B Officer

After being an RBI Grade B Officer, one is likely to reach to the position of Deputy Governor the 2nd most prestigious post next to the Governor position in an organization until retirement. For growth in a career, there are great scopes. Various departmental promotional exams are organized for promotion. Starting as Grade B Officer, one can stand up to the label of an Executive director or the Governor by taking departmental exams with merit. Even after retirement or resignation due to non-willingness to continue with RBI anymore, anyone there are many of banks which willingly to fulfill their executive post and pay hefty salaries, due to experience in RBI.