NABARD Notification Post And Salary 2023

NABARD Notification Post And Salary 2023

Get the latest notifications for NABARD Post and Salary 2023.
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NABARD Notification Post And Salary 2023

The National Bank for Agriculture and Rural Development (NABARD) was created by a Parliamentary Act on July 12, 1982. NABARD is a national organization with a central office in Mumbai and branches throughout the nation. It is one of India’s well-known banks and annually gathers thousands of candidates who hope to work in the banking industry. 

NABARD’s responsibilities as a Development Bank include providing credit and other facilities to,

  • Agriculture
  • Small-Scale Industries
  • Cottage and Village Industries
  • Handicrafts
  • Other Rural Crafts 

Rural economic activities ensure rural prosperity and promote integrated rural development.

NABARD has founded with an initial investment of INR 100 crore. The bank seeks qualified individuals for many positions each year. In this article, the candidate can get to know information about employment openings, pay, and benefits and also about the details of NABARD Recruitment 2023.

NABARD Grade A Officer Job Profile

The Grade A officer position is the first managerial position in the NABARD organizational job hierarchy and one of the important job roles of NABARD Recruitment 2023.

They are in charge of financing and growing India’s agricultural industry, as well as assisting the country’s rural communities in organizing themselves into stable cooperatives and improving their quality of life.

A NABARD assistant manager is responsible for a variety of tasks. One of them is implementing and overseeing the numerous government policies, plans, and initiatives for rural and agricultural development. Another is assisting rural communities in setting up their reliable cooperatives and banks, among many other things.

A NABARD Grade A officer must serve a two-year probationary period after beginning his employment and may be placed anywhere in India other than in his native state. However, the postings typically only appear in state capitals.

NABARD Grade B Officer Job Profile

The Grade B Officer position is a Manager role which is an important job role of NABARD Recruitment 2023.

They are responsible for the following,

  • Monitoring Accounting Procedures
  • Making Interdepartmental Assignments Easier
  • Keeping Good Relationships with Customers
  • Ensure Departmental Coordination
  • Loan Approval

 The candidates and the aspirants have got the details about the two major roles, but they also need to know about the NABARD Recruitment 2023 Vacancy, there are around 170 vacancies.

Salary Structure Of NABARD Grade A

In this article, the candidates and the aspirants can get to know the details about the NABARD Recruitment 2023 Salary,

Pay Scale:

Salary 

Amount 

Basic Pay 

₹ 28,150/-  p.m

Pay Scale 

28150-1550(4) -34350-1750(7) – 46600 –EB – 1750(4)- 53600-2000(1)-55600

Monthly Emoluments 

₹ 70,000

In-Hand salary 

₹ 62,600/- p.m.

Increments:

The following breakdown of basic salary published by NABARD at regular intervals may help you better grasp the Grade A Officer Increments:

Time Duration

Basic Pay (INR)

Increment (INR)

For the first four years

28150

1550

For the next 7 years

34350

1750

For the next 4 years

46600

1750

For the next 4 years

53600

2000 for 1 year

Hope candidates and aspirants got the entire details about the NABARD Recruitment 2023 Salary.

Allowances And Benefits For Grade A

In addition to NABARD Posting Salary, the candidates can know about the other salary allowances and benefits here,

All of the Grade A officers receive the following substantial allowances from NABARD.

Another thing to remember is that you receive a NABARD Grade A salary slip from NABARD at the end of each month with all of these allowances and pay slips.

House Rent Allowance (HRA):

HRA is granted to officers who could not get home through NABARD due to a lack of available flats.

Conveyance Allowance (CA):

NABARD Grade A officers receive CA to cover their daily transportation costs from home to office. It is determined by your declaration.

Medical Allowance:

Your NABARD Grade A salary slip also includes a Medical Allowance each month.  These benefits also apply to an employee’s dependents.

Leave Fare Concession Travel (LFC):

The LFC allowance will be paid to you. Employees and dependents may use this benefit once every two years to travel worldwide.

Bank Loan Facility:

Loans are provided at extremely low-interest rates for housing, cars, child education, consumer products, personal computers, and other purposes.

Pension:

Every government employee receives a pension after retirement.

Perks and Additional Benefits:

In addition to the already mentioned benefits, eligible employees may also be entitled to the following,

  • Interest-free festival advance
  • Newspaper subscription
  • Book grant
  • Furnishing allowance
  • Life insurance coverage
  • Educational leaves
  • Telephone Expenses

NABARD Grade A: Career Growth & Promotion

Candidates hired by NABARD receive training and must complete a 2-year probationary period (extendable to 1 additional year). During this time, trainees are taught about their work roles and responsibilities. After their probationary period, they are confirmed to the position of Assistant Manager and posted to one of NABARD’s regional banks.

Salary Structure Of NABARD Grade B

Pay Scale:

Salary 

Amount 

Basic Pay

INR 35,150 per month.

Pay-scale

INR 35,150 – 1750 (9) – 50,900 – EB – 1750(2) – 54,400 – 2000 (4) – 62,400 (16 years)

Initial Monthly Gross Emoluments

INR 73,600 per month

Allowances And Benefits For Grade B

Officers in Grade B receive a good salary as well as several benefits. The following list includes information about various NABARD Grade B allowances:

Medical Allowance: 

The dependents of NABARD employees are eligible for several types of benefits.

Leave Fare Concession Travel: 

Employees at NABARD are also eligible for LFC allowance. Employees and their dependents are eligible to receive this benefit once every two years.

House Rent Allowance:

Due to a lack of available homes, HRA is provided to NABARD officers who cannot obtain housing through NABARD. Almost all cities have accommodation options. But, housing is subject to availability.

Family Allowance:

The benefit is offered to employees in Group B, at a rate of 4% of their salaries, up to a maximum of Rs.700 a month.

Personal Allowance: 

Officers who were employed by the National Bank as of January 2, 1996, are eligible to receive a Personal Allowance worth Rs. 550 per month once one year has passed since they reached the maximum scale of salary.

Pension:

Employees in Grade B are also eligible for the New Pension Scheme and the advantages of Gratuity and the Optional Group Term Insurance Plan.

Perks and Additional Benefits:

All benefits approved by the 7th Pay Commission are available to NABARD Grade B Managers. They will receive additional compensation beyond the base income, such as:

  • Dearness allowance
  • House rent allowance
  • Local compensatory allowance
  • Grade allowance

They can also receive,

  • Bank-Sponsored Accommodation
  • Expenses for Maintenance of Vehicles Used for Official Purposes

Benefits Provided for Grade B Post Under NABARD:

Reimbursement of expenses for OPD consultation, newspapers, etc., also applies as per eligibility. They are also eligible for,

  • Festival Advances
  • Loans
  • Advances with Concessions in Interests Towards the Purchase of Home, Cars,
  • Education of Children

One of the most important and crucial procedures to be familiar with is NABARD Posting Eligibility. Candidates will be able to advance in the selection process with its aid. To meet the requirements, interested candidates must review the qualifying requirements. A candidate will not be qualified to take the exam if they do not meet the NABARD Grade A eligibility requirements.

NABARD Grade B: Career Growth & Promotion

Promotions are only available to Grade B officers who have passed departmental exams and interviews. Apart from that, they are promoted to management positions based on their performance within the bank.

Hierarchy Of NABARD Posts

The following is the hierarchy of the positions, starting with Assistant Manager:

  • Assistant Manager
  • Manager
  • Assistant General Manager
  • Deputy General Manager
  • General Manager
  • Chief General Manager
  • Executive Director
  • Director

Frequently Asked Questions (FAQs)

1.How many attempts are there in NABARD?

A maximum number of attempts is not mentioned in the official announcement of the NABARD Grade A Examination from previous years. As long as the candidate meets all the eligibility requirements, they can take the NABARD Grade A Examination.

2.Where do NABARD officials get posted?

NABARD’s headquarters is located in Mumbai, while each state’s capital has the organization’s state headquarters. You’ll most likely be assigned to one of these as a NABARD officer.

3.What is the NABARD retirement age?

Employees in Groups “A,” “B,” or “C” are eligible for retirement and superannuation at age 58 (now 60 years) under Rule 19 of the Staff Rules.

4.When will NABARD Recruitment 2023 Notification release?

NABARD Grade A Notification 2023 will be released soon on the official website.

5.What is NABARD Recruitment 2023 Educational Qualification?

Bachelor’s Degree in Agriculture Engineering with 60% marks (ST/PWBD applicants – 55%)in aggregate OR Post graduate degree in Agriculture Engineering with a minimum of 55% marks (ST/PWBD applicants – 50%) in aggregate from a recognized University / Institution.

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