RBI provides generous pay and additional benefits. According to the guidelines, candidates who are chosen are also qualified for Dearness Allowance, Local Allowance, House Rent Allowance, Family Allowance, and Grade Allowance. Below is the pay for RBI Grade B.
Salary structure (In INR)
35,150-1,750 (9)-50,900-EB-1,750 (2)-54,400-2,000 (4)-62,400
Indemnity Allowance, Local Allowance, Housing Rent Allowance, Family Allowance, and Grade Allowance
Initial monthly gross emoluments
Selected Candidates will draw a starting basic pay of ₹35,150/-p.m. in the pay scale of Rs. 35150-1750(9)-50900-EB-1750 (2) – 54400-2000(4)-62400 (16 years) applicable to Officers in Grade B and they will also be eligible for Dearness Allowance, Local Allowance, House Rent Allowance, Family allowance and Grade Allowance as per rules in force from time to time. At present, initial monthly gross emoluments are ₹83254/- (approx). The House Allowance of 15% of Basic Pay will be paid, if accommodation is not provided by the Bank.