Latest govt jobs   »   NABARD Grade A Salary 2024

NABARD Grade A Salary 2024, Allowances, and Job Profile

The National Bank for Agriculture and Rural Development (NABARD) offers an attractive salary package to the selected Assistant Managers in Rural Development Banking Services. The NABARD Grade A Salary starts from Rs. 44,500/- and after allowances and deductions, the candidates get a salary of monthly (gross) salary of Rs. 1,00,000/-. The details of the NABARD Grade A 2024 Salary structure, in-hand salary, probationary period, perks, and career growth details are discussed in this article. Read below for more.

NABARD Grade A Salary 2024

National Bank for Agriculture and Rural Development (NABARD) Salary has been discussed for the post of Grade A Assistant Manager. The attractive salary package and the highly reputed job profile fill in the motivation among the candidates. The NABARD Grade A is an Assistant Manager post and the candidate upon joining the bank gets a lot of opportunities for their overall growth. A career as an Assistant Manager is a great chance to be associated with the most reputed bank and of course with the central government. Bookmark this article for all the updates regarding NABARD Grade A Salary 2024. The lump sum salary received by selected candidates in the NABARD Grade A Exam 2024 is mentioned in the table.

Component Amount (Rs.)
Basic Pay 44,500
Pay Scale 44,500 – 1,50,000
Monthly Gross Emoluments 1,20,000

NABARD Grade A Salary- Overview

Check the overview of the NABARD Grade A Salary Structure, in-hand salary, allowances, and other details here.

NABARD Grade A Salary 2024
Organization National Bank for Agriculture and Rural Development (NABARD)
Post Name Assistant Manager
NABARD Grade A Basic Salary Rs. 44,500/-
NABARD Grade A Salary In Hand Rs. 1,00,000/-
NABARD Grade A Allowances & Benefits DA, HRA, LCA, TA, etc.
NABARD Grade A Probation Period 2 years (extendable up to 1 year)
Official website nabard.org

NABARD Grade A Salary 2024: Salary Structure

The In-Hand Salary of NABARD Grade A Officers stands at approximately Rs. 58,000 to 62,000/- p.m. The basic NABARD Grade A Salary is Rs. 44,500/- p.m along with Dearness Allowance, Local Compensatory Allowance, House Rent Allowance, Special Allowance, Family Allowance, and Grade Allowance. The salary structure has been tabulated below:

NABARD Grade A Salary Structure 2024
Particulars Amount (in Rs.)
Basic Pay Rs. 44,500/-
Payscale Rs. 44,500/-p.m. in the scale of Rs. 44500 – 2500 (4) – 54500 – 2850 (7) – 74450 – EB – 2850 (4) – 85850 – 3300 (1) – 89150 (17 Years)
Monthly Gross Emoluments Rs. 1,00,000/-

NABARD Grade A Salary 2024: Increments

The NABARD Grade A Officer is Rs. 44,500/-p.m. in the scale of Rs. 44500 – 2500 (4) – 54500 – 2850 (7) – 74450 – EB – 2850 (4) – 85850 – 3300 (1) – 89150 (17 Years). NABARD Grade A Salary 2024 includes a fixed amount of Payscale and the structure is decided based on the level of Payscale. At present, initial monthly gross emoluments are approximately Rs 70,000/- Below is the description of the Salary Structure for NABARD Grade A Assistant Manager.

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 for Provident fund, medical premium, income tax, and other parameters from total earnings in the below table.

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 Salary 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 Salary 2024 Allowances include:

  1. Dearness Allowance
  2. Local Compensatory Allowance
  3. House Rent Allowance
  4. Grade Allowance
  5. Family Allowance
  6. Dispensary Allowance
  7. Furniture Allowance
  8. Vehicle maintenance
  9. Newspaper
  10. Internet
  11. Telephone expenses
  12. Book grant
  13. Furnishing of residence

NABARD Grade A Salary 2024 Benefits include:

  1. Newspaper, internet, telephone charges, book grant, allowance for the furnishing of residence, etc. as per eligibility
  2. Free dispensary facility. Along with reimbursement of medical expenses, OPD treatment/hospitalization is also available
  3. Leave Travel Concession (once in two years for self & dependents)
  4. Concessional rates of interest on Loans and Advances for Housing, Car, Education of children, Personal computer
  5. The facility of Govt quarters is also available at some centres or residential accommodation
  6. The facility of NPS is also given to NABARD Grade A officers

NABARD Grade A Assistant Manager 2024 Probation

As an Assistant Manager of NABARD Grade A, the profile comes with greater responsibility. It is often said that the work culture is bureaucratic, hence the profile does have important tasks to perform. A probation period of 2 years is included in NABARD Grade A employment, which may further extend for another year.

NABARD Grade A Assistant Manager 2024 Job Profile

The various responsibilities and designated Job profiles of the NABARD Grade A Assitant Manager have been shared below.

  • Assist the manager by managing various administrative tasks designated by the CGM.
  • Address policy issues related to agriculture and rural development within different state and central government initiatives.
  • Engage in activities within rural areas in collaboration with the banking sector and state government.

NABARD Grade A Assistant Manager 2024 Growth

Overall, the salary and perks offered by the NABARD Grade A Growth are very attractive and give good career growth. The banking sector releases a decent number of vacancies to offer a good opportunity to aspirants. Numerous candidates apply for the post every year and are currently enjoying a stable life with a good income.

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

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FAQs

Q 1. What is the Basic Pay of NABARD Grade A Salary 2024?

Ans. The Basic Pay of NABARD Grade A is Rs. 44,500/- p.m.

Q2. What is the Payscale of NABARD Grade A Salary 2024?

Ans. The Payscale for NABARD Grade A posts is Rs. 44,500/-p.m. in the scale of Rs. 44500 – 2500 (4) – 54500 – 2850 (7) – 74450 – EB – 2850 (4) – 85850 – 3300 (1) – 89150 (17 Years).

Q3. What is in-hand salary for the NABARD Grade A Assistant Manager?

Ans. The initial is in-hand salary for the NABARD Grade A Assistant Manager is approximately Rs. 1,00,000/- p.m.

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