NABARD Grade A Salary- Annual Package, In-Hand Salary, and Additional Benefits
NABARD Grade A Salary: By releasing the notification on 12th July 2022, NABARD has announced 170 vacancies for the NABARD Grade A recruitment. Eligible candidates can apply for their desired posts from 18th July to 7th August 2022. Now, before applying for any job, there are two things you need to know. First, the salary and second the job role. Both of these details are mentioned in the notification. Let us discuss these in detail.
NABARD Development Assistant Recruitment Notification Check.
NABARD Grade A Annual Package
The basic pay for Grade A posts in NABARD is Rs. 28,150. The employees are paid within the PayScale Rs 28150-1550(4)-34350-1750(7)- 46600-EB-1750(4) – 53600-2000(1) – 55600. However, the in-hand salary at initial monthly gross emoluments is Rs. 62,600/-
NABARD Grade A Salary Structure
The NABARD Grade A salary structure is as follows.
| Particulars | Details |
|---|---|
| Basic Pay | Rs. 28,150 |
| PayScale | 28150-1550(4) -34350-1750(7) – 46600 –EB – 1750(4)- 53600-2000(1)-55600 |
| Monthly Gross Emoluments | Rs. 62,600 |
Salary Increment
With the increasing experience as a Grade A officer, an employee’s salary is subject to increments. Here is what the basic pay and increment look like at different years of employment.
| Year | Basic Pay | Increment |
|---|---|---|
| First four years | Rs. 28150 | Rs. 1550 |
| Next 7 years | Rs. 34350 | Rs. 1750 |
| Next 4 years | Rs. 46600 | Rs. 1750 |
| Next 4 years | Rs. 53600 | Rs. 2000 for 1 year |
Expenses Covered
As per the eligibility of a NABARD Grade A officer, the bank will offer to cover their expenses for the following subjects.
- Newspaper
- Book grant
- Maintenance of vehicle
- House furnishing
- Internet
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NABARD Grade A Probation Period
Once you make it through the selection process, your recruitment will be done. However, initially, for 2 years, you will have to serve a probationary period. This might extend to another year as well.
NABARD Grade A Job Profile
As a NABARD Grade A officer, you will have to serve the following duties
- Work under the Manager & handle all clerical work assigned by the CGM.
- Dealing with policy matters pertaining to Agriculture & Rural development of various State and Central Government programs.
- Encompassing the activities in rural areas in Association with Banking Industry and the State Government.
NABARD Grade A Career Growth
Working as an employee in NABARD has its own benefits. One of them is the possibilities for career growth. If you start as an Assistant Manager in NABARD, you can get promoted to the following posts in the ascending order
- Manager
- Assistant General Manager
- Deputy General Manager
- General Manager
- Chief General Manager
NABARD Grade A Additional Benefits and Perks
You also enjoy the additional benefits as a Grade A officer in NABARD. The bank offers you allowances. These are as follows.
- House Rent Allowance (HRA)
- Conveyance Allowance (CA)
- Medical Allowance
- Leave Fare Concession Travel (LFC)
- Bank Loan Facility
- Pension
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NABARD Grade A Salary FAQs
The Grade A salary in NABARD is Rs. 28,150.
After the Grade A officer post, you can get promoted to Manager, Assistant General Manager, Deputy General Manager, General Manager, and Chief General Manager
You will get allowances like House Rent Allowance (HRA), Conveyance Allowance (CA), Medical Allowance, Leave Fare Concession Travel (LFC), Bank Loan Facility, and Pension
Yes, you can get salary increments of as much as Rs. 2000. These will be given with the gain in your experience.
Rs. 62,600 will be the Monthly Gross emoluments in NABARD.
