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Home Articles

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

by Sreekesh Narayanan
May 20, 2024
in Articles, Banking, NABARD
NABARD Grade A Salary
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Table of Contents

  • NABARD Grade A 2024 Salary Structure
  • NABARD Grade A Salary 2024: Increments
  • NABARD Grade A 2024 Inland Salary
  • NABARD Grade A 2024 Salary Increments
  • NABARD Grade A Salary 2024 Deductions
  • NABARD Grade A Salary 2024 Allowances
  • NABARD Grade A 2024 Additional Benefits
  • NABARD Grade A 2024 Probation Period
  • NABARD Grade A Job Profile
  • NABARD Grade A Promotions

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.

Click to know more about NABARD exams

NABARD Grade A Salary 2024: Overview
Organization National Bank for Agriculture and Rural Development
Exam Name NABARD Grade A Exam
Post Grade A Officer
Vacancy TBA
Basic Pay Rs.44,500/- Per Month
Initial Monthly Gross Emoluments Rs. 1,00,000/-
Official website www.nabard.org/

Click to get more info on the NABARD Recruitment syllabus 2023

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

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    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.

    NABARD Grade A Salary 2024: Increments & Basic Pay 

    Time Period

    Basic Pay (INR)

    Increment (INR)

    For the first four years

    Rs. 44500

    Rs. 2500

    For the next 7 years

    Rs. 54500

    Rs. 2850

    For the next 4 years

    Rs. 74450

    Rs. 2850

    For the next 4 years

    Rs. 85850

    Rs. 3300 for 1 year

    Max. Basic Pay

    Rs. 89150

    Till retirement

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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.

    Period Basic Pay (INR) Increment (INR)
    For the first four years Rs. 28150 Rs. 1550
    For the next 7 years Rs. 34350 Rs. 1750
    For the next 4 years Rs. 46600 Rs. 1750
    For the next 4 years Rs. 53600 Rs. 2000 for 1 year
    Max. Basic Pay Rs. 55,600 Till retirement

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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.

    Particulars Amount
    Prov. Fund/NPS Rs. 6130
    Medical Premium Rs. 180
    Lounge Subs Rs. 400
    Income Tax Rs. 2323
    Relief Fund Contribution Rs. 200
    Total Deduction Rs. 9053

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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.

    NABARD Grade A Exam Information Links
    NABARD Grade A Notification NABARD Grade A Selection Process
    NABARD Grade A Syllabus NABARD Grade A Mock Test
    NABARD Development Assistant Exam Date NABARD Grade A Video Course
    NABARD Development Assistant Application Form NABARD Grade A Study Materials
    NABARD Grade A Vacancy NABARD Grade A Interview Questions
    NABARD Grade A Admit Card NABARD Grade A Job Profile
    NABARD Grade A Study Plan NABARD Grade A Preparation Tips and Tricks
    NABARD Grade A Previous Question Papers NABARD Grade A Result
    NABARD Grade A Best Books NABARD Grade A Cutoff
    NABARD Grade A Eligibility Criteria NABARD Grade A Exam Analysis
    NABARD Grade A Answer Key

     

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    Frequently Asked Questions

    Q1. What is the NABARD Grade A In hand Salary 2024?

    Ans: The NABARD Grade A In Hand Salary 2024 is of Rs. 88,000 to 90,000, approximately.

    Q2. What is the basic salary of the NABARD Grade A Salary 2024?

    Ans: The basic salary of the NABARD Grade A post is Rs 44,500 per month.

    Share76SendShare

    Sreekesh Narayanan

    Sreekesh Narayanan, a seasoned content writer with 4 years of experience, specializes in creating engaging educational content for exams like PSC, UPSC, SSC, and RRB. A trusted source of knowledge, Sreekesh's PG Diploma in Journalism from Kerala Media Academy and BSc Computer Science form Calicut University ensures accurate and well-researched writing. His skillful breakdown of complex topics, paired with clarity and precision, caters to diverse readers. Through his experience in producing content that guides candidates through exam syllabus, question patterns, and effective study techniques, Sreekesh is well-versed in the latest developments and trends in the field of competitive exams. His valuable articles and resources have supported countless students in achieving success.

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