NABARD Grade B Salary 2020 – Structure and Pay Scale

National Bank for Agriculture and Rural Development (NABARD) has released recruitment notification for Grade A, B and C posts. NABARD is a Rural Development bank established on 12 July 1982 under the recommendations of B. Sivaraman Committee. Applications are invited from the candidates those who fulfills the eligibility criteria and they can submit their application through official website (online medium only). The dates for application submission and exam dates were not yet announced. The interested candidates should frequently visit the official website for new announcements. This article shares the NABARD Grade B Salary 2020 – Structure and Pay Scale.

NABARD was initially started with an amount of Rs.100 crore. NABARD’s mission is to promote sustainable and equitable agriculture and rural prosperity through effective credit support, related services, institution development and other innovative initiatives. NABARD Grade B is a Manager post providing good rewards and facilities from the authority.

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NABARD Grade B Salary 2020 – Structure, Pay Scale

One of the interesting thing in each job position and recruitment notification is pay scale and the allowances. NABARD offers attractive salary scheme for the applicants. The basic pay of NABARD Grade B post is Rs.35150/- per month. Check out the more details of pay scale:

• Basic Pay -: Rs.35150/- per month
• Pay-scale -: Rs.35150 – 1750 (9) – 50900 – EB – 1750(2) – 54400 – 2000 (4) – 62400 (16 years)
• Additional Allowances – Dearness Allowance, Local Compensatory Allowance, House Rent Allowance, and Grade Allowance.
• Initial Monthly In-hand Salary – Rs.73600/- per month

List of Allowances of allowances

Telephone, Newspaper, Maid, Dearness Allowance, House Rent Allowance, Local Allowance, Family Allowance, Grade Allowance, Accommodation (subject to availability), Reimbursement, Furniture allowance, Dispensary facilities, Reimbursement of medical expenses, Interest-free festival advance, Leave fare concessions, Loans at concessional rates of interest (house, car, education, etc), Gratuity benefits, and much more.

Working time

The working environment at NABARD is progressive, collaborative and purely bureaucratic. You will be required to work 5 days a week, the weekends (Saturdays and Sundays) are off. The office timings are generally 9:30 am to 5:30.

NABARD Grade A & B Salary – Job Posting

Many of the people believe that the posting of NABARD will be only in rural areas. The headquarters of NABARD is in Mumbai and it has regional offices in state capitals all over India. The job location can be across India. The candidates those who were selected to the Manager post through selection processes like Prelims, Mains and Interview, are required stay for probationary period up to 2 years. After a few years of experience, they may get a district-level posting as a District Development Manager (DDM). The DDM enjoys a lot of perks including provision of an office-cum-residence.

As a DDM, these would be some of your responsibilities:

• Should look after the development, planning of regional rural bank and credit cooperative branches and act as their regulatory body.

• Advise the District administration to take up developmental initiatives.

• Coordinate with commercial banks and regional rural banks on subsidy.

• Promotion of Financial Literacy centers for the betterment of customers.
• Development of infrastructure and coordination with community-level organizations for development initiatives & consultancy.

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Career Progression

The NABARD Grade B Managers will get career progression according to their work and efficiency. Following is the regular career progression path in NABARD looks like for Grade A and B Managers, starting with Assistant Manager:

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

Grade A and B are Managerial posts (Assistant Manager and Manager respectively), both are high status job position in the Banking field. They may get salary hike too.

Read more articles of NABARD Grade B:-  Recruitment notification, Job Profile, Eligibility criteria, Syllabus and Exam pattern, etc.

Learn with Entri, provides you study materials in accordance with the syllabus of NABARD Grade B bank exam, mock tests are available same as the exam pattern, daily quizzes will make you aware of the current affairs and general knowledge, live video classes and doubt clearing sessions enables you to deep learning of the subject and the concept easily. Entri wishes all the aspirants good luck for their upcoming exams.