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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:
- 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 Salary 2024 Benefits include:
- Newspaper, internet, telephone charges, book grant, allowance for the furnishing of residence, etc. as per eligibility
- Free dispensary facility. Along with reimbursement of medical expenses, OPD treatment/hospitalization is also available
- Leave Travel Concession (once in two years for self & dependents)
- Concessional rates of interest on Loans and Advances for Housing, Car, Education of children, Personal computer
- The facility of Govt quarters is also available at some centres or residential accommodation
- 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.
- Assistant Manager
- Manager
- Assistant General Manager
- Deputy General Manager
- General Manager
- Chief General Manager
- Executive Director
- Director