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The National Bank for Agricultural and Rural Development (NABARD) conducts the NABARD Grade A exam to recruit candidates for the position of Assistant Manager in Rural Development Banking Services. A key consideration for many prospective applicants is the salary and overall compensation associated with the role. This article provides a detailed overview of the NABARD Grade A 2024 salary structure, in-hand salary, probationary terms, benefits, and career advancement opportunities. For comprehensive information, continue reading below.
NABARD Grade A Salary 2024
The NABARD Grade A position is for an Assistant Manager, offering numerous opportunities for professional growth within a prestigious institution. The salary for this role at the National Bank for Agricultural and Rural Development (NABARD) is a significant factor for potential candidates. The following table outlines the total compensation package that successful candidates for the NABARD Grade A Exam 2024 can expect to receive. For detailed information on the salary structure and benefits, continue reading the article below.
Component | Amount (Rs.) |
---|---|
Basic Pay | 44,500 |
Pay Scale | 44,500 – 1,50,000 |
Monthly Gross Emoluments | 1,20,000 |
NABARD Grade A 2024: Salary Structure
NABARD Grade A Officers receive a monthly in-hand salary ranging from Rs. 58,000 to Rs. 62,000. This salary includes several components such as Dearness Allowance, Local Compensatory Allowance, House Rent Allowance, Special Allowance, Family Allowance, and Grade Allowance. The base salary for NABARD Grade A is Rs. 44,500 per month. The table below provides a detailed breakdown of the salary structure:
NABARD GRADE A Salary Structure | |
---|---|
Organization | National Bank for Agriculture and Rural Development (NABARD) |
Post Name | Assistant Manager |
Basic Pay | Rs. 44,500/- |
Pay Scale | Rs. 44,500/- per month in the scale of Rs. 44,500 – 2500 (4) – 54,500 – 2850 (7) – 74,450 – EB – 2850 (4) – 85,850 – 3300 (1) – 89,150 (17 Years) |
Monthly Gross Emoluments | Rs. 1,00,000/- |
Allowances & Benefits | DA, HRA, LCA, TA, etc. |
Probation Period | 2 years (extendable up to 1 year) |
Official Website | nabard.org |
NABARD Grade A Salary 2024: Increments
On the scale of Rs. 44500 – 2500 (4) – 54500 – 2850 (7) – 74450 – EB – 2850 (4) – 85850 – 3300 (1) – 89150 (17 Years), the NABARD Grade A Officer is paid Rs. 44,500/-p.m. The payscale for NABARD Grade A Salary 2024 is fixed, and the payscale level decides the structure. Currently, the starting gross monthly salary is about Rs 70,000. The NABARD Grade A Assistant Manager’s salary structure is described below.
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 |
NABARD Grade A Salary 2024: Deductions
Check the deduction the for Provident fund, medical premium, income tax, and other total earnings parameters in the table below.
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 |
NABARD Grade A 2024: Salary Slip
The NABARD Grade A pay slip provides a detailed overview of the salary components for Grade A officers at NABARD. It includes various elements such as basic pay, dearness allowance, housing allowance, medical allowance, and other applicable allowances. Below is a sample NABARD Grade A Salary Slip for your reference:
NABARD Grade A 2024: Allowances & Benefits
Along with the NABARD Grade A Salary 2024, candidates also receive some additional salary and perks which are discussed below.
NABARD Grade A Allowances include:
- Dearness Allowance
- Local Compensatory Allowance
- House Rent Allowance
- Grade Allowance
- Family Allowance
- Dispensary Allowance
- Furniture Allowance
- Vehicle maintenance
- Newspaper
- Internet
- Telephone expenses
- Book grant
- Furnishing of residence
NABARD Grade A Benefits include:
- Newspapers, the internet, phone bills, book grants, living expense reimbursement, and so on, based on eligibility
- Free dispensary setup in addition to medical expense reimbursement, and out-of-patient care (OPD) is provided.
- Leave Travel Concession (once every two years for the individual and their dependents)
- Concessional interest rates on advances and loans for homes, cars, children’s education, and personal computers
- Some centers or residential accommodations also offer the government quarters facility.
- NABARD Grade A officers are also granted access to the NPS facilities.
NABARD Grade A 2024: Assistant Manager Probation
The role of an Assistant Manager in NABARD Grade A comes with a range of significant responsibilities. The work culture is often described as administrative, reflecting the crucial duties associated with this position. NABARD Grade A officers are tasked with important functions in rural development and financial management. Additionally, the job includes a two-year probationary period, which may be extended by an additional year if necessary.
NABARD Grade A 2024: Assistant Manager Job Profile
The NABARD Grade A Assistant Manager’s assigned Job profiles and range of duties are listed below.
- Help the manager by handling the several administrative responsibilities that the CGM assigns you.
- Discuss policy matters about rural and agricultural development within the framework of various state and federal government programs.
- Take part in rural-based initiatives with the state government and banking industry.
Regardless of your qualifications, you will be assigned to any department as an Assistant Manager. The Chief General Manager (CGM) of the local NABARD office will be the person to whom you must report.
NABARD Grade A 2024: Officer Job Profile: General Post
- Perform administrative, managerial, and/or other tasks as delegated by the CGM
- Addressing policy concerns for different state and federal government initiatives about agriculture and rural development
- Coordinating with the banking sector and state governments on matters of rural activities
- Perform clerical jobs and work under the manager.
NABARD Grade A 2024: Officer Job Profile: Information and Technology Officer (ITAO)
- Security Analytical
- Networking Database Management
- Application Development
- Related areas and server management
- Database analysis with Oracle, MSSQL, and MySQL
NABARD Grade A 2024: Officer Job Profile: Finance Officer
- Treasury Administration
- Risk Control
- Managing statutory and/or regulatory compliances for retail bonds, public issuance, etc.
NABARD Grade A 2024: Assistant Manager Growth
NABARD Grade A Growth offers attractive benefits and a salary package that promotes career advancement. A good opportunity is provided to candidates by the banking industry, which posts a respectable number of openings. Many applicants now enjoying a secure life with a solid income annually apply for the position.
- Assistant Manager
- Manager
- Assistant General Manager
- Deputy General Manager
- General Manager
- Chief General Manager
- Executive Director
- Director
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