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NABARD came into existence on 12 July 1982 by transferring the agricultural credit functions of RBI and refinance functions of the then Agricultural Refinance and Development Corporation (ARDC). It was dedicated to the service of the nation by the late Prime Minister Smt. Indira Gandhi on 05 November 1982. Set up with an initial capital of Rs.100 crore, its’ paid-up capital stood at Rs.10,580 crore as of 31 March 2018. Consequent to the revision in the composition of share capital between the Government of India and RBI, NABARD today is fully owned by the Government of India
National Bank of Agriculture and Rural Development Bank(NABARD) every year issues notifications of NABARD Development Assistant. The total number of vacancies that are available is not yet known. The last date to apply for this notification for Nabard Development Assistant will be also published by the commission as the official notification is published. Nabard is one of the most prestigious examinations in the country. All aspirants interested to have a career in the banking sector should grab this opportunity as it is a stepping stone to a better career. NABARD Development Assistant has a decent salary and good career prospects. Before joining any institution a candidate looks at the salary and PayScale, Perks and Allowances In this blog, we will discuss all details of NABARD Development Assistant Salary, NABARD Development Assistant Salary in hand, Payscale, Perks, and Allowances. Go to www.nabard.org for more details.
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NABARD Development Assistant Salary Structure
NABARD offers a very attractive salary to the candidates who are clearing the examination. The given below are the details regarding the NABARD Development Assistant monthly salary and analyzing this the candidates can get an idea regarding the total salary of the NABARD Development Assistant.
The NABARD Development Assistant In-Hand Salary Rs.31,000/-
As a Development Assistant, a candidate withdraws a basic pay of Rs.14,650 /-per month.
The monthly gross income for NABARD Development Assistant is approximately Rs. 31,000/-
The Payscale for Nabard Development Assistant is given below;
Rs. 13150–750–15400– 900 – 19000 – 1200 – 26200 – 1300 – 28800 – 1480 – 33240 – 1750 – 34990.
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NABARD Development Assistant Pay Slip
1: What does the acronym "ATM" stand for in banking?
Payslip is one of the important documents that the workers will be getting along with the salary. NABARD Development Assistant Pay Slip is also provided to the candidates as the salary is credited to their accounts. The workers can use the salary slip for various purposes which include proof of work and for income tax returns. The given below are the components coming under the NABARD Development Assistant salary slip.
1: House Rent Allowances: Based on the location of posting, the employees are provided with the House Rent Allowances to cope with the residential costs in an urban area. After the 7th Pay commission, the HRA is calculated on the basis of the location, the particular employee is posted in.
| Category of Cities | HRA after 7th Pay Commission |
| A | 24% |
| B | 16% |
| B | 8% |
2: Gross Pay: This is the total amount earned by the employee within the given span before any deductions. The monthly gross pay of a NABARD Development Assistant is INR, 31,000.
3: City Compensatory Allowance: Similar to that of the HRA, the City Compensatory Allowance is location-based. It is granted to the employees who are posted in the Metropolitan cities to cope with the cost of living in the posh areas.
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NABARD Development Assistant Allowances
Ads mentioned earlier NABARD Development Assistant position is one of the best paying positions. Along with the Basic Pay, the NABARD Development Assistant Salary also includes the following allowances:
- House Rent Allowance (HRA)
- Dearness Allowance (DA)
- Local Compensatory Allowance
- Grade Allowance
NABARD Development Assistant Job Profile
The Development Assistant has a very essential and vital role in the banking industry. NABARD Development Assistant handles a variety of tasks. Some of the basic responsibilities are as follows:
- A NABARD Development Assistant has to work collaboratively with different departments and has o have good relationship management skills.
- He/She has to deal with the Issue of Policy for Various Programmes and events of the Central/State Government.
- They have to figure out and Research different Ways to Bring in Additional Funds by Acquiring New Membership from other institutions to help the government get more revenue.
- He/she needs to update Donor Databases Responding to Members Queries.
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Perks Of NABARD Development Assistant
Some perks of working as a Development Assistant in NABARD are as under:
- He/She gets Residential Accommodation.
- He/She gets reimbursement of Petrol for Vehicle for Official Purpose
- He/she will get reimbursement for a Newspaper, Briefcase, etc.
- He/she will get an allowance for Residence Furnishing.
- He/She gets reimbursement of Medical Expenses.
- Festival Advance (Interest-free)
- LTC (Leave Travel Concession) – Once in Two Years for Self, Spouse, and Eligible Dependents)
- Loans and Advances at Concessional Rates of Interest for Housing, Car, Education, Consumer Articles, Personal Computer, etc.
- Defined Contribution to the New Pension Scheme (NPS)
- The benefit of Gratuity and an Optional Group Term Insurance Plan.
Candidates who are selected will be initially posted in NABARD’s Head Office or Regional Office for which they have applied. However, they are liable to be transferred anywhere in India.
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NABARD Development Assistant Selection Process
NABARD Development Assistant examination is one of the most-awaited and most participated banking-related recruitment examinations that is been conducted in the country. The recruitment is conducted through an examination and candidates from various parts of the country appear for this examination. Here are the details that the aspiring candidates need to know about the NABARD Development Assistant Selection Procedure. Also, candidates are required to go through before they make their application.
NABARD Development Assistant Prelims
| SL No | Topic/ Subject | Number of Questions | Maximum Marks | Exam Duration |
|---|---|---|---|---|
| 1 | English Language | 40 | 40 | Composite time of 60 minutes |
| 2 | Numerical Ability | 30 | 30 | |
| 3 | Logical Reasoning | 30 | 30 | |
| Total | 100 | 100 | ||
- 1/4th mark will be deducted as a penalty for each wrong answer.
Development Assistant (Hindi) Prelims
| SL No | Topic/ Subject | Number of Questions | Maximum Marks | Exam Duration |
|---|---|---|---|---|
| 1 | English Language | 40 | 40 | Composite time of 60 minutes |
| 2 | Professional Knowledge (Hindi) | 30 | 30 | |
| 3 | Logical Reasoning | 30 | 30 | |
| Total | 100 | 100 | ||
- 1/4th mark will be deducted as a penalty for each wrong answer.
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NABARD Development Assistant Main Exam
| Sr. No. | Name of the Tests | No. of Questions | Maximum Marks | Duration |
|---|---|---|---|---|
| 1. | Reasoning | 30 | 30 | Composite time of 90 minutes for Objective Tests and 30 minutes for Descriptive Test |
| 2. | Quantitative Aptitude | 30 | 30 | |
| 3. | General Awareness (with special reference to agriculture, rural development and banking) | 50 | 50 | |
| 4. | Computer Knowledge | 40 | 40 | |
| 5. | English Language (Descriptive) | Essay, Precis writing, Report / Letter Writing | 50 | |
| Total | 200 | |||
NABARD Development Assistant (Hindi) Mains
| Sr. No. | Name of the Tests | No. of Questions | Maximum Marks | Duration |
|---|---|---|---|---|
| 1. | Reasoning | 20 | 20 | Composite time of 90 minutes for Objective Tests and 30 minutes for Descriptive Test |
| 2. | Professional Knowledge (Hindi) | 50 | 50 | |
| 3. | General Awareness (with special reference to agriculture, rural development and banking) | 40 | 40 | |
| 4. | Computer Knowledge | 40 | 40 | |
| 5. | English Language (Descriptive) | Essay, Precis writing, Report / Letter Writing | 50 | |
| Total | 200 | |||
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