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Last updated on September 23rd, 2022 at 06:47 pm

Nabard Development Assistant vs RBI Assistant: The Reserve Bank of India (RBI) and the National Bank for Agriculture and Rural Development (NABARD) are our country’s premier institutions. Every year, the RBI and NABARD both hire for Assistant level positions. In this article, we will compare the two jobs for NABARD Development Assistant and RBI Assistant i.e. NABARD Development Assistant vs RBI Assistant in terms of job profile, salary, eligibility criteria, exam pattern, and other factors. Examine the details for both positions (NABARD Development Assistant vs RBI Assistant) and their respective exams to determine which is a better fit for you.

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  • NABARD is a non-profit organisation dedicated to agricultural and rural development. They run several programmes to improve the situation.
  • In comparison, the RBI is a central bank that works in FOREX, payment and settlement, and regulates India’s banking and non-banking sectors.
  • The main goal of the RBI, like any other commercial bank, is to maximise capital.

Before delving into the career opportunities in RBI as an Assistant and NABARD as a Development Assistant, it’s important to understand the functional areas of both job profiles (NABARD Development Assistant vs RBI Assistant work profiles). So you can become familiar with the operations of both job responsibilities.

Nabard Development Assistant vs RBI Assistant: Job Profile

To help you understand both positions, the following job profiles are provided: Nabard Development Assistant vs RBI Assistant

NABARD Development Assistant Job Profile

NABARD’s primary goal is to improve rural India by increasing credit flow to agriculture and rural non-farm sectors. As a NABARD Development Assistant, you will be responsible for a variety of institutional and individual giving tasks. Development Assistants are responsible for the following basic tasks:

  • Managing the bank’s relationships with current and prospective donors.
  • Dealing with policy issues of various Central/State Government programmes and projects relating to agriculture and rural development.
  • Increasing membership and looking for new ways to raise funds.
  • Updating donor databases, responding to member inquiries, and occasionally approaching benefactors for appeals are all part of the job.
  • Conducting research, data analysis, and report compilation on current or prospective donors.

As a result, you get to work on a variety of job profiles while also indirectly assisting in the economic uplift of the poor.

RBI Assistant Job Profile

The Reserve Bank of India (RBI) is known as the country’s banker. As a result, the responsibilities one must assume following selection are critical. Assistants are hired to help in the various departments of RBI offices. When a new currency is introduced or a currency is demonetized, it is the Assistants who bear the most responsibility. The RBI Assistants are responsible for the following functions:

  • Work on the file: It entails receipt collection, ledger maintenance, balance tally, and so on.
  • Maintaining Financial Stability
  • Entering Data: However, with the digitalization of the bank, the job profile of a bank clerk these days is primarily related to working on the computer and entering day-to-day transactions. Currency Issue and Distribution
  • Verification of Banking Documents
  • Attending to Treasury Work for the Government
  • Responding to Emails: The RBI receives a large number of letters on a daily basis, and the assistants must respond to the emails on a daily basis.

NABARD Development Assistant vs RBI Assistant Salary Structure

Check out the comparative salary structure of the posts, i.e., NABARD Development Assistant vs RBI Assistant salary structure, to gain a better understanding of the positions:

NABARD Development Assistant 

NABARD Development Assistant (Hindi) 

RBI Assistant 

Basic pay – ₹ 14650/- per month

Gross monthly emoluments – ₹ 31,000/-(approximately)

Basic pay – ₹ 14650/- per month

Gross monthly emoluments – ₹ 31,000/-(approximately) 

Basic pay – ₹ 14650/- per month

Gross monthly emoluments – ₹ 36091/-(approximately)

NABARD Development Assistant Salary and Perks

NABARD has the same work culture as RBI because it was a part of it before 1982. Development Assistants are entitled to a set salary as well as certain perks and allowances.

The basic pay scale of a NABARD Development Assistant is approximately Rs. 14,650/- per month (including two advance increments) in the scale of Rs. 13150 -750 -15400 -900 -19000 -1200-26200 -1300-28800-1480-33240 -1750 -34990 (20 years) and other allowances, such as Dearness Allowance, House Rent Allowance, City Compensatory Allowance, Transport Allowance, and so on.

Currently, the starting monthly gross salary for NABARD Development Assistants is around Rs.31,000/-.

NABARD Development Assistant Perks and Allowances

  • Residential lodging are subject to availability.
  • Gasoline reimbursement for official use of a vehicle
  • Newspaper, briefcase, and book grant reimbursement
  • Allowance for residence furnishing
  • Medical expenses for OPD treatment/hospitalization are reimbursed.
  • Festival Advance LTC with no interest (Leave Travel Concession once in two years for self, spouse and eligible dependents)
  • Loans and advances at low-interest rates for housing, automobiles, education, consumer goods, personal computers, and so on.
  • Contribution to the New Pension Scheme with a Fixed Amount (NPS)
  • The advantage of a gratuity and an optional group term insurance plan

RBI Assistant Salary Structure and Perks

When you join RBI as an Assistant, you are entitled to all of the perks and allowances that an RBI Assistant is entitled to.

Let us now discuss the pay and benefits provided to RBI Assistants.

RBI Assistant Pay Scale

After selection, candidates will be paid a basic salary of 14650/- per month (13150 plus two advance increments available to graduates) on a scale of 13150-750 (3)-15400-900(4) -19000-1200(6)-26200-1300 (2)-28800- 1480(3) – 33240 – 1750 (1)- 34990. (20 years). They will also be entitled to a variety of other benefits and allowances, including:

  • Dearness Allowance
  • House Rent Allowance
  • City Compensatory Allowance
  • Transport Allowance

RBI Assistant In-Hand Salary

The initial gross emoluments or in-hand salary of an RBI Assistant is currently around 32528/-, including a 15% house rent allowance.

RBI Assistant Perks

Aside from the salary mentioned above, a candidate selected as an RBI Assistant is entitled to the following Reserve Bank of India benefits:

  • Housing Facilities (subject to availability)
  • reimbursement for vehicle maintenance expenses for official purposes
  • Newspaper
  • Book Grant 
  • Book Grant 
  • Allowance for residence furnishing (as per eligibility)
  • Aside from reimbursement of medical expenses for OPD treatment/hospitalization, a dispensary facility is available (as per eligibility)
  • Interest-free Festival Advance
  • Leave fair Concession (Once in two years for self, spouse, and eligible dependents)
  • Loans and advances at low interest rates for housing, automobiles, education, consumer goods, personal computers, and so on.
  • Working Days: They are only required to work five days per week.
  • There is no public dealing involved; however, it may be required to address public grievances.

NABARD Development Assistant vs RBI Assistant Promotion Scope

Let’s move on from pay and benefits to the scope of promotion at both job posts i.e. NABARD Development Assistant vs RBI Assistant Promotion Scope

NABARD Development Assistant Promotion Scope:

When you join NABARD as a Development Assistant, you will have numerous opportunities to advance to a higher level. The first promotion a Development Assistant can receive is from Development Assistant to Grade A.

Let us discuss advancement from Development Assistant to Grade A. All candidates who want to be promoted to the Officer level must apply for the promotion test and take the examination. However, in order to be eligible for promotion to Officer Cadre, one must first serve for a minimum of three years.

Promotions are held every three years, with Development Assistants having the opportunity to participate. The employee must pass a written exam and will be selected as an Officer based on his or her experience and seniority in the banking industry (Grade A).

Let us now discuss promotion from Grade A to Grade B. NABARD has no set pattern for promotion from Grade A to Grade B. NABARD has conducted internal examinations on occasion, and other times it is simply a tenure-based promotion. As a result, there is no standard norm, and the promotion pattern may vary depending on NABARD.

Similarly, for higher levels (Grade C, Grade D, etc.), it is either a time-based promotion or an internal examination-based promotion, or a combination of both.

RBI Assistant Promotion Scope

Once you join RBI as an assistant, you will have numerous opportunities to advance to a higher level. Promotion from RBI Assistant to Grade B takes place in two stages.

Step 1: Assist Grade A.

Step 2: Transition from Grade A to Grade B

The time required to promote an RBI Assistant to Grade B is now a moving target. It is determined by the RBI’s internal policies and the number of vacancies available, first at the Grade A level and then at the Grade B level. BUT The general procedure for promoting an Assistant to Grade B is outlined below.

First, let us discuss advancement from Assistant to Grade A. All candidates who want to be promoted to the Officer level must apply for the promotion test and take the examination. However, in order to be eligible for promotion to Officer Cadre, one must first serve for a minimum of three years.

Promotions are held every three years, with Assistants having the opportunity to participate. There are two ways for an Assistant to advance to the rank of Grade A officer:

  1. Standard procedure: The employee must pass a written exam and will be selected as an Officer based on his or her experience and seniority in the banking industry.
  2. Merit-based selection: A three-year service (minimum) as a clerk with a JAIIB and CAIIB diploma from the Indian Institute of Banking and Finance (IIBF) and a graduate/postgraduate degree is required.

Let us now discuss promotion from Grade A to Grade B. There is no set pattern of RBI for promotion from Grade A to Grade B. The RBI has conducted internal examinations on occasion, and other times it is simply a tenure-based promotion. As a result, there is no set standard, and the promotion pattern may vary depending on the RBI.

Similarly, for higher levels (Grade C, Grade D, etc.), it is either a time-based promotion or an internal examination-based promotion, or a combination of both.

NABARD Development Assistant vs RBI Assistant Eligibility 

The table below shows the age and educational requirements for both exams (NABARD Development Assistant vs RBI Assistant eligibility criteria).

Category

NABARD Development Assistant

NABARD Development Assistant (Hindi)

RBI Assistant 

Age

The candidate must be between 18 and 35 years old 

The candidate must be between 18 and 35 years old 

The candidate must be between 20 and 28 years old

Educational Requirements 

Bachelor’s Degree in any discipline with a minimum of 50% marks

Bachelor’s Degree from a recognised University in English/Hindi medium with Hindi and English as a compulsory or elective subject with a minimum of 50% marks. 

Bachelor’s Degree in any discipline with a minimum aggregate of 50% marks.

Candidates applying in a particular recruiting office should be proficient in the state language.

NABARD Development Assistant vs RBI Assistant Exam Pattern

Both exams (NABARD Development Assistant vs RBI Assistant exam pattern) are divided into two parts: prelims and mains. The detailed exam pattern for each is provided below.

Category

NABARD Development Assistant

NABARD Development Assistant (Hindi)

RBI Assistant 

Phase 1 (Prelims) 

100-mark paper to be solved in 60 minutes. Subjects assessed are: 

English Language

Numerical Ability 

Reasoning

100-mark paper to be solved in 60 minutes. Subjects assessed are: 

English Language

Professional Knowledge (Hindi) 

Reasoning

100-mark paper to be solved in 60 minutes. Subjects assessed are: 

English Language

Numerical Ability 

Reasoning

Phase 2 (Mains)

200-mark paper to be solved in 90 minutes.

Subjects assessed are:

English Language

Quantitative Aptitude 

Reasoning 

General Awareness 

Computer Knowledge

200-mark paper to be solved in 90 minutes.

Subjects assessed are:

English Language

Professional Knowledge (Hindi) 

Reasoning 

General Awareness 

Computer Knowledge

200-mark paper to be solved in 135 minutes.

Subjects assessed are:

English Language

Numerical Ability 

Reasoning 

General Awareness 

Computer Knowledge 

Both have the same Prelims exam pattern and subjects assessed. In Phase 2, the paper is 90 minutes long for NABARD and 135 minutes long for RBI. NABARD assesses Quant, whereas RBI assesses Numerical Ability. In contrast, the types of questions assessed in Quantitative Aptitude and Numerical Ability are nearly identical.

Hope this has given you a better understanding of the NABARD Development Assistant vs RBI Assistant. We have attempted to provide you with a more comprehensive understanding of both the RBI Assistant vs NABARD Development Assistant positions.

NABARD Development Assistant vs RBI Assistant FAQs

Which is superior, NABARD or RBI?

If you are well-versed in agriculture or enjoy reading about it, NABARD Grade A may be a good fit for you. RBI Grade B is the right choice if you have a background in finance and management or a strong interest in it. The decision must be made solely on the basis of interest.

What’s the distinction between NABARD and RBI?

Prior to the formation of NABARD, the RBI was the apex body for providing credit to the Indian rural economy. It resulted in NABARD becoming India’s premier development financial institution. The NABARD’s role in agriculture and rural development is essentially a continuation of the RBI’s role.

How much does a NABARD assistant make?

The NABARD Development Assistant Salary is based on the seventh pay commission. The monthly gross salary is INR 32,000. Details can be found in the preceding article.

Is the RBI Assistant exam difficult?

The RBI Assistant exam has a moderate to difficult overall difficulty level. Everything, however, is dependent on your level of preparation. Examine the exam pattern and syllabus, and then prepare accordingly.

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