NABARD Grade A Salary 2024: Salary Structure, Perks & Allowances

National Bank for Agriculture and Rural Development (NABARD) is a single development financial institution or Apex-level bank that pays its personnel well. The workers are entitled to receive the perks provided to workers by the Central Government.

Candidates who plan to apply for the NABARD Grade-A Exam should be aware of the specific allowances and salary structure for this grade before applying. We have covered in depth the NABARD Grade A salary, allowances, benefits, and job duties of the NABARD Grade A Officers in this article.

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NABARD Grade A 2024 Salary Structure

The NABARD Grade A Salary 2024 as per the salary structure mentioned in the official notification. The candidates who will be selected as NABARD Grade A Officers in 2023 will be drawing a salary based on a pay scale of Rs. 44500 – 2500 (4) – 54500 – 2850 (7) – 74450 – EB – 2850 (4)– 85850 – 3300 (1) – 89150 (17 Years). As per the official notification for 2023, the gross monthly emoluments are approximately Rs. 1,00,000/-. Here are the details on the salary structure for NABARD Garde A 2023.

NABARD Grade A Salary 2024: Increments

The salary structure has details on increments in NABARD Grade A Salary 2024. The basic salary of Grade A Officers increases with time, which is reflected in other components that a based on the basic salary. Here is the interpretation of NABARD Grade A Salary 2024 as mentioned in the official notification for NABARD Grade A.

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NABARD Grade A 2024 Inland Salary

The starting salary for a NABARD Grade A Officer is Rs.28,150/-p.m. on a scale of Rs.28,150-1550 (4 years) 34350-1750 (7 years) 46600 EB-1750 (4 years) 53600-2000 (1 year) 55600 The next four years will accept an increase of Rs. 1550. Furthermore, with a base salary of Rs. 44,850, an increase of INR 1750 is accepted for the next seven years, and so on. The maximum average basic pay of a NABARD Grade A Assistant Manager is thus Rs. 55,600. At the moment, the initial monthly gross emoluments are around Rs. 70,000/-.

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NABARD Grade A 2024 Salary Increments

Check the NABARD Assistant Manager Grade A positions’ year-by-year salary increment chart.

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NABARD Grade A Salary 2024 Deductions

The total earnings are reduced by a certain defined amount. From the table below, check the criteria for the provident fund, medical premium, income tax, and other deductions.

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NABARD Grade A Salary 2024 Allowances

Among the NABARD Grade A Salary Allowances are:

• Furniture Allowance
• Dearness Allowance
• House Rent Allowance
• Local Compensatory Allowance
• Family Allowance
• Grade Allowance
• Dispensary Allowance

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NABARD Grade A 2024 Additional Benefits

• Newspaper, internet, and telephone costs, a book grant, money for home furnishings, and other expenses as established by eligibility
• Facilities for a free dispensary. OPD treatment and hospitalization are also offered in addition to medical expense reimbursement.
• Leave Travel Concession (once in two years for self & dependents)
• Concessional interest rates on loans and advances for a car, a house, a child’s education, and a computer
• At some centres, there is also the option of government quarters. alternatively, housing
• NABARD Grade A officers also have access to NPS services.

NABARD Grade A 2024 Probation Period

When candidates are hired by NABARD, they get training and are subject to a 2-year probationary term (extendable to 1 additional year). During this time, trainees are explained their employment roles and responsibilities. They are confirmed to the position of Assistant Managers after the probationary period and assigned to one of the NABARD regional banks.

NABARD Grade A Job Profile

As soon as you are hired as an Assistant Manager at one of the banks, you will be reassigned to a department in line with your qualifications. You will be under the Chief General Manager’s (CGM) supervision here at the regional NABARD office. A Grade “A” Assistant Manager’s duties include

• Work under the Manager and complete any administrative tasks given by the CGM.
• dealing with issues of policy relating to rural and agricultural development of several State and Central Government initiatives.
• Covering initiatives in rural areas in collaboration with the banking sector and the state government.

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NABARD Grade A Promotions

There is a large opportunity for a regular career progression in NABARD for Grade A starting with Assistant Manager in addition to yearly increments. Through departmental tests and interviews, the individuals who will be chosen for the NABARD Grade A post will thereafter be promoted. The promotion hierarchy for the managerial NABARD Grade A is as follows:

1. Assistant Manager
2. Manager
3. Assistant General Manager
4. Deputy General Manager
5. General Manager
6. Chief General Manager
7. Executive Director
8. Director

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The information in this post should help you prepare for the NABARD Grade A Salary and Job Profile 2024 exam and provide you with all the information you need regarding pay, probationary periods, promotions, and other benefits. Download the Entri App now to get all the exclusive content and practice tests you need for the NABARD Grade A 2023 exam.