All you should know about RBI Assistant Job Profile

RBI Assistant Job Profile

RBI Assistant is undoubtedly one of the most revered and respected jobs for the aspirants trying to fit in the banking sector. It is not everyday that one gets to work at the Reserve Bank of India.

One gets to learn a lot in the organisation and simultaneously gets paid quite decently along with other perks and allowances. Also, the working hours are less compared to other banks.

Comparison with other Bank Jobs

RBI Assistant Job despite the fact that it is a clerical cadre job preferred by the majority of aspirants as compared to a Bank PO. Let us look at the following points to understand the situation better:

• Transfers: Transfer in RBI takes place after five years of service while in other banks the transfer takes place every three years.
• Rural postings: RBI doesn’t have branches in rural areas so the employees are mostly posted in urban localities while other banks post their employees in rural areas quite often.
• Work pressure: Other nationalized banks have tremendous work pressure regarding business generation, meeting the targets for the bank while in Reserve Bank of India there is no such pressure so the job is less stressful.
• BRAND: Do we need to discuss brand. Reserve bank of India is the father of all other banks. There is a great pride working for Reserve bank of India.
• Working Days and Timings: Work timings in Reserve Bank of India are 9.15AM to 5.15 PM and RBI works 5 days a week. The situation is different in other nationalized banks as they have loads of work and targets to complete.

RBI Assistant Salary

• Basic pay: Rs. 15,060/- per month
• Pay scale: Rs. 13150-750 (3)-15400- 900(4) -19000-1200(6)-26200-1300 (2)-28800- 1480(3) – 33240 – 1750 (1)- 34990 (20 years).
• Allowances: It includes Dearness Allowance, House Rent Allowance, City Compensatory Allowance, Transport Allowance etc., as admissible from time to time.
• Gross emoluments: Approximately Rs. 32,429/- per month.
• Accommodation: Subject to availability.
• Reimbursements: For expenses for maintenance of vehicle for official purpose, newspaper, briefcase, book Grant, allowance for the furnishing of residence, etc. as per eligibility.
• Dispensary facilities: Apart from reimbursement of medical expenses for OPD treatment/hospitalization as per eligibility) RBI assistants also gets certain dispensary facilities.
• Loans and Advances: Granted at concessional rates of interest for Housing, Car, Education, Consumer Articles, and Personal Computer.
• Governance: By the Defined Contribution New Pension Scheme, in addition to the benefits of Gratuity.
• Total Annual Pay: Including allowances along with admissible perquisites attached to the post of RBI Assistant (excluding the value of housing) works out at the minimum to Rs. 3, 80,000/- p.a. (approximately).