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Home Articles

NABARD Grade A Salary 2023, Salary Structure, Perks & Allowances

by Sreevidya M
September 12, 2023
in Articles, Banking, NABARD
NABARD Grade A Salary
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Table of Contents

  • NABARD Grade A 2023 Salary Structure
  • NABARD Grade A Salary 2023: Increments
  • NABARD Grade A 2023 Salary Increments
  • NABARD Grade A Salary 2023 Deductions
  • NABARD Grade A Salary 2023 Allowances
  • NABARD Grade A 2023 Additional Benefits
  • NABARD Grade A 2023 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.

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NABARD Grade A Salary 2023: Overview
Organization National Bank for Agriculture and Rural Development
Exam Name NABARD Grade A Exam
Post Grade A Officer
Vacancy 150
Basic Pay Rs.44,500/- Per Month
Initial Monthly Gross Emoluments Rs. 1,00,000/-
Official website www.nabard.org/

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NABARD Grade A 2023 Salary Structure

The NABARD Grade A Salary 2023 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 2023: Increments

The salary structure has details on increments in NABARD Grade A Salary 2023. 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 2023 as mentioned in the official notification for NABARD Grade A.

NABARD Grade A Salary 2023: 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 2023 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 2023 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 2023 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 2023 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 2023 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 2023 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 2023 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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Sreevidya M

Post-Graduate in English Language and Literature, freelance writer and an SSC aspirant. Provides updates on notifications, syllabuses and dates for government exams.

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