RBI Assistant Salary Structure, Pay Scale, Allowances
The Reserve Bank of India (RBI) is the conducting body of the RBI Assistant examination. Every year, lakhs of students appear for the RBI Assistant exam across the country. On 17th February 2022, RBI generated a notification regarding 950 vacancies for the position of RBI Assistant. Online Registration for RBI Assistant will start from 8th March 2022, and an online examination will be conducted on 26 – 27 March 2022. RBI Assistant preparation strategy 2022 is one of the most crucial step during the preparation journey of a candidate to clear the exam.
RBI Assistant Syllabus
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- English Language – In this section comprehension and Cloze test covers half of the total section. The remaining 20 marks are evenly distributed between Para jumbles, sentence joining, phrase replacement, and sentence improvement.
- Reasoning Ability – In this section 20 marks are allotted for puzzles, which covers half of the section, and is moderate when it comes to the difficulty level. The remaining section includes inequality & critical reasoning, blood relation, input/output, and data sufficiency.
- Numerical Ability – Questions in this section are straightforward. There are 15 data interpretation questions in the exam paper further the rest of the paper consists of data sufficiency, quadratic equations, simplifications, and a few questions of arithmetic.
Career growth and promotion in RBI Assistant
There are mainly four scales in the RBI Assistant, for the one who is looking for career growth in this field, which takes place after two years of service minimum. A person must have a graduate/post-graduate degree from the Indian Institute of Banking.
| Scale | Grade |
|---|---|
| Scale 1 | Officer/Assistant (Grade A) |
| Scale 2 | Manager (Grade B) |
| Scale 3 | Senior Manager (Grade C) |
| Scale 4 | Chief Manager (Grade D) |
RBI Assistant Salary Structure
| Basic Salary | Rs. 14,650 |
|---|---|
| Pay Scale | Rs. 13150 – 34990 |
| Gross Emoluments | Rs. 32,528 |
RBI Assistant Allowance
Apart from the basic salary enjoyed by the RBI Assistant, there are various allowances that they get, including:
- Dearness Allowance
- Transport Allowance
- House Rent Allowance
- City Compensatory Allowance
- RBI’s accommodation (subject to availability)
- Vehicle maintenance for official purpose
- Newspaper
- Briefcase
- Furnishing Allowances
- Reimbursement of medical bills
- Interest-free festive advance
- Leave Fare Concession (LFC)
- Loans at concessional interest rates
As you can see above, there are various benefits that a government employee enjoys in return for their service. The working hours can be challenging at times, but not so always. Overall, the private sector has a more challenging and competitive environment as compared to working under the government. The job satisfaction is also high for RBI Assistants as they can go up to the Chief Manager level. The growth scope is high.
RBI Assistant Job Profile
RBI Assistants, when they start off with their career, are required to fulfil the following responsibilities:
- The foremost job is to file work. Maintaining files, collecting receipts, balance tally, maintenance of ledger, etc.
- Verification of bank documents
- Responsibility of currency, i.e. issue and circulation of new currency
- Replying to e-mails and maintaining a record of emails sent and received
- An Assistant has to ensure financial stability
These are some of the many roles and responsibilities that an RBI Assistant is required to perform. If you are preparing for the exam, make sure that you put in the required efforts as the end result is worth all your efforts.
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