Mahima Chaudhary | Updated: Sep 23, 2022 18:47 IST
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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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.
To help you understand both positions, the following job profiles are provided: Nabard Development Assistant vs RBI Assistant
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:
As a result, you get to work on a variety of job profiles while also indirectly assisting in the economic uplift of the poor.
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:
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 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/-.
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.
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:
The initial gross emoluments or in-hand salary of an RBI Assistant is currently around 32528/-, including a 15% house rent allowance.
Aside from the salary mentioned above, a candidate selected as an RBI Assistant is entitled to the following Reserve Bank of India benefits:
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
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.
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:
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.
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. |
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.
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.
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.
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.
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.