The RBI Assistant Recruitment is conducted every year by Reserve Bank of India (RBI) in two stages-Preliminary and Mains followed by a Language Proficiency Test. Complete details about the RBI Assistant 2020 Salary along with grade pay and RBI Assistant Salary in hand along with all other perks have been mentioned below in detail.

RBI Assistant Salary 2020

  • Reserve Bank of India has released the RBI Assistant Application Form officially, candidates whoa re willing to apply for the exam can apply till 16th January 2020.
  • RBI assistant salary after 7th pay commission has undergone some changes which will be beneficial for the aspirants.
  • The job stability and lucrative salary attract lakhs of candidates every year. More than 5.5 lakhs candidates appear for the prestigious exam every year.
  • Go through the RBI Assistant Exam Dates to get the complete detail about all the important dates of the exam.

RBI Assistant Salary 2019-20 Highlights

Conducting Body Reserve Bank of India
Basic Salary Rs.14,650/- per month
Allowances Dearness House Rent, City Compensatory Allowance, Transport Allowance
Total Salary         Rs.32,124/- per month
Working Days Weekdays
Public Dealing None
Accommodation Quarters will be provided
Selection Process Prelims, Mains, and Local Language Test
Official Website www.rbi.org.in

RBI Assistant Notification

RBI Assistant Notification

RBI Assistant 2019-20 Salary

The following table displays the basic salary, pay scale, and gross pay that the newly hired employees will receive.

RBI Assistant Salary after 7th Pay commission
Basic Salary Rs. 14,650
Pay Scale Rs 13150 – 34990
Gross pay Rs. 32,528

RBI Assistant Salary In Hand 2020

The Salary In Hand that an Assistant receives is Rs 32,528/- including the house rent that the employees are entitled to. Reserve Bank of India is considered to be a very good payer when it comes to in-hand pay, increments and other amenities.

After the 7th Pay Commission, there has been a huge hike in the salary for the assistant position. Reserve Bank of India pays a starting basic salary 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).

RBI Assistant Perks and Allowances 2020

The candidates who clear the exam and get selected as an RBI Assistant receive a number of perks and allowances. The other allowances received by the RBI Assistant are as follows-

Dearness Allowance
House Rent Allowance
City Compensatory Allowance
Transport Allowance etc.

At present, initial monthly Gross emoluments for Assistants is approximately ₹ 32528/- including House Rent Allowance @ of 15 %.

RBI Assistant Notification

RBI Assistant Notification

RBI Assistant Benefits 2020

RBI Assistant will also receive a number of prerequisites after joining. The prerequisites are as follows-

Accommodation subject to availability.
Reimbursement of expenses of maintenance of vehicles, newspaper, Briefcase, Book Grant, Allowances for furnishing residence as per eligibility.
Dispensary facility besides reimbursement of medical expense of OPD treatment/ hospitalization as per eligibility.
Interest-free Festival Advance
Leave Fare Concession (Once for two years for self, spouse and eligible dependents.
Loans and advances at concessional rate of interests for housing, Car, education, consumer articles, personal computers, etc.

RBI Assistant Career Prospects 2020

We provide you details of what will be the RBI Assistant Career Growth-

  • Until the employee will get promoted to the Officer level, you are not transferred.
  • An Officer level employee can not be transferred to their home state.
  • Candidates should have experience of at least 3 years to be eligible for the promotion.
  • As an Officer, the employee will be transferred after an interval of five years.
  • The employee of RBI will get many opportunities to be promoted on the basis of your performance and also via internal exams.

RBI Assistant Salary and Promotion 2020

The assistants in RBI are promoted through two processes- Normal and Merit Base  Process.

  1. Normal Process- The employee has to qualify a written examination and on the basis of seniority and experience in the banking service, he/she will be ranked as Officer.
  2. Merit base Process- Minimum two years as a clerk in JAIIB and CAIIB diploma from the Indian Institute of Banking and Finance is a must along with Graduation/Post-Graduation Degree.

There are 4 cadres as mentioned in the table below. The promotion of employees and moving up the ladder depends solely on performance. The amount of exposure and banking knowledge that RBI employees gain is very fruitful in their profession.

SCALE CADRES
Scale 1 Officer/Assistant Manager(Grade 1)
Scale 2 Manager (Grade B)
Scale 3 Senior Manager (Grade C)
Scale 4 Chief Manager (Grade D)

RBI Assistant Notification

RBI Assistant Notification

RBI Assistant Job Profile 2020

Given below is the job profile of RBI Assistant, roles and responsibilities involved-

Verify banking documents
Issue the circulation of currency
Government treasury work
Data entry work
Exchange emails
Initiate notes
Generate reports

RBI Assistant Posting Locations

Candidates post selection as RBI Assistant will be initially posted in RBI Offices within the recruitment zone from which they applied. However, transfers may happen to other locations in case of an administrative exigency to different zones classified into West, South, North and East Zone offices as follows-

  • 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 salary

RBI Assistant Salary 2020- Comparison of RBI Assistant to other Bank POs

Have you ever thought of which one you would choose if you were in a situation like RBI Assistant Vs SBI PO? Candidates prefer the RBI Assistant post over other bank PO posts due to a large number of reasons. Some of them are listed below.

  1. You will be transferred after every five years in RBI whereas it is 3 years for other bank PO posts.
  2. RBI has its branches in urban regions only all their employees are posted in urban areas. For other banks, the employees do get posted in rural areas as well.
  3. There is a lot less pressure on RBI Assistants compared to other bank POs.
  4. RBI has a fixed work timing of 9:15 A.M. to 5:15 A.M. whereas other bank's work timing is more as they have many targets to fulfill. The number of working days is only five per week.
  5. The rbi assistant salary in hand 2020 is a major attraction factor for candidates to aspire for a career in the reputed RBI.

FAQ's

What is the RBI Assistant salary after 7th pay commission?

After the 7th Pay Commission, the RBI Assistants is drawing a starting basic salary 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).

What is the work of RBI Assistant?

The works that a RBI Assistant does are Balance Tally, Collection of Receipt, maintaining Ledger, Data Entry etc.

What is RBI assistant job?

The job of Assistant in RBI is to maintain the balance sheet, tally the data, collect the receipt. 

  • The job of Data Entry Operator
  • The banking document verification
  • Attend the work of the Government Treasury
  • Replying to the mails
  • To ensure the financial stability

Is there interview in RBI assistant?

To be a part of the Reserve Bank of India, candidates have to clear the 3 stages of the exam- Prelims, Mains, and Local Language Test. The Interview Process is not there in the part of the Reserve Bank of India Selection Process. Click Here to the complete RBI Assistant Selection Process.

How many attempts are there for RBI assistant?

There is No limit of Attempting the RBI Assistant Exam, candidates can apply as per the eligibility criteria are given by the authority. The limit of attempting the exam only exists in the RBI Grade B Exam. Click Here to Know the complete Eligibility Criteria.

Do RBI assistants get pensions?

No, the employee who got selected after 2012 for the post of Assistant in Reserve Bank of India will not get the pension as these employees are governed by New Pension Scheme (NPS). However, they will have to give a contribution from their salary to receive a pension. Click Here to know the complete RBI Assistant Salary.

What is the in hand salary of RBI assistant?

The in-hand of RBI Assistant is approx INR 32000 excluding all the perks and allowances.

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Ongoing Discussions (All)
Subashree R

QUERY 1 months ago

Hai..I have attempted 80 questions in rbi prelims (assistant),Feb 15 2nd slot.,quants I could attend 29,eng-30 and reasoning 21.is that a good attempt
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Subashree R

QUERY 1 months ago

Hai..I have attempted 80 questions in rbi prelims (assistant),Feb 15 2nd slot.,quants I could attend 29,eng-30 and reasoning 21.is that a good attempt
0 LIKES 0 COMMENTS
Mona Pandey

QUERY 1 months ago

I don't understand
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Mona Pandey

QUERY 1 months ago

I don't understand
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