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.
|Organization Name||National Bank For Agriculture and Rural Development (NABARD)|
|NABARD Post Name||Assistant Manager Posts|
|Online Registration||18th July to 07th August 2022|
|Mode Of Application||Online|
NABARD Grade A 2022 Salary Structure
NABARD Grade A Salary has been increased to Rs. 28,150, which includes Dearness Allowance, Local Compensatory Allowance, House Rent Allowance, Special Allowance, Family Allowance, and Grade Allowance. According to government regulations, there is also a deduction from total earnings. Check out the table below for the complete NABARD Grade A Salary Structure.
|Basic Pay||Rs. 28,150|
|Dearness Allowance||Rs. 27,154|
|CCA/Local Allowance||Rs. 1408|
|Grade Allowance||Rs. 6000|
|Special Allowance||Rs. 1625|
|Family Allow||Rs. 1126|
|Spl Perq Allow||Rs. 2323|
|Total Earnings||Rs. 67,786|
|Net Pay||Rs. 58,733|
NABARD Grade A 2022 Inhand 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/-.
NABARD Grade A 2022 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|
NABARD Grade A Salary 2022 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.
|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|
NABARD Grade A Salary 2022 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
NABARD Grade A 2022 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 hospitalisation 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 2022 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.
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:
- Assistant Manager
- Assistant General Manager
- Deputy General Manager
- General Manager
- Chief General Manager
- Executive Director
The information in this post should help you prepare for the NABARD Grade A Salary and Job Profile 2022 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 2022 exam.