NABARD Grade A Salary 2023, In Hand Salary, Job Profile and Allowances
The complete details for NABARD Grade A Salary including pay scale, basic pay, grade pay, allowances, job profile and much more has been detailed in the post.
NABARD Grade A Salary 2023: NABARD Grade A Notification 2023 is now available on the official website. Candidates interested in the position of assistant manager should be familiar with the NABARD Grade A Salary 2023 and its structure. Along with the basic salary, candidates receive a variety of benefits and perks. For the first seventeen years, NABARD Grade A Assistant officers are paid a basic salary ranging from Rs. 44,500 to Rs. 89,150. This article will go over the entire NABARD Grade A Salary 2023, including its structures. We will also be aware of all perks, allowances, and base pay.
NABARD Grade A Salary 2023
NABARD offers one of the most popular and luxurious salaries for its Grade A Assistant post. The National Bank of Agriculture and Rural Development focuses on agricultural and rural development in the country.
NABARD Grade A Salary 2023 structure covers attractive salary packages and allowances with many other benefits. The overall gross monthly salary package for the assistant officer crosses one lakh, including the basic pay, allowances, and other benefits.
NABARD Grade A Salary 2023 Overview
Candidates must be well aware of the details of the NABARD Grade A Salary 2023. Candidates can check out some important facts in this table.
| NABARD Grade A Salary 2023: Overview | |
| Name of Organization | National Bank for Agriculture and Rural Development |
| Exam Name | NABARD Grade A Exam |
| Post | Grade A Officer |
| Vacancy | 150 |
| Basic Pay | Rs.44,500/- Per Month |
| Initial Monthly Gross Emoluments | Rs. 1,00,000/- |
| Official website | www.nabard.org/ |
NABARD Grade A Salary Structure 2023
NABARD Grade A Salary 2023 salary structure was released on the official websites on September 2, 2023, along with the notification. Candidates chosen as assistant officers in 2023 will be paid a basic salary of Rs 44,500-2500 (4)-54500-2850 (7)-74450-EB-2850 (4)-85850-3300 (1)-89150 (17). The candidate’s total gross monthly emoluments can reach up to Rs 1,000,000/-.
NABARD Grade A Salary 2023 Increments
Candidates are also given specific increments at various periods along with the basic salary. Check the completion increment according to various
| NABARD Grade A Salary 2023: Increments and Basic Pay | ||
| Time 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 2023 Deductions
A certain amount of deduction is included in the salary structure based on various categories. Check the table given below for more reference.
| NABARD Grade A Salary 2023 Deductions | |
| 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 2023 Allowances
NABARD Grade A offers attractive salary packages along with various allowances and benefits. Below are some of the allowances provided by the organization.
Furniture Allowance
This allowance fulfills the furniture requirements for the employees for their residential and official use.
House Rent Allowance
Employees receive this allowance so that they can cover their rental expenses for accommodation. However, this is available only when they do not live in government quarters.
Family Allowance
This allowance covers some financial and expenses needs of the family by the organization.
Dearness Allowance
This allowance is given to candidates to adjust their salaries to match the increasing cost of living and inflation.
Local Compensatory Allowance
This allowance is given to the employees to compensate for the difference in cost of living between their place of work and their hometown, where they reside.
Grade Allowance
This allowance provides employees with funds to support their financial needs and expenses.
Dispensary Allowance
Under this allowance, employees receive medical expenses. It also covers medical facilities provided by the organization.
NABARD Grade A Salary Slip 2023
NABARD Grade A pay slip is a document that provides a detailed breakdown of the salary and allowances received by Grade A officers working in NABARD. This includes the basic pay, dearness allowance, house rent allowance, medical allowances, and other admissible allowances. We have attached a snippet of the NABARD Grade A Salary Slip for your convenience.
NABARD Grade A Salary 2023 Probation Period
Candidates selected for the NABARD Grade A Assistant Officer post need to undergo training and a two-year probationary period. It can also be extended up to one more year based on performance. Candidates undergo strict training and receive guidance to excel as an assistant managers at NABARD.
This training aims at making them aware of all the challenges and responsibilities at NABARD. During the culmination of the probationary period, good candidates are posted at one of the regional banks.
NABARD Grade A Salary 2023 Job Role
The National Bank of Agriculture and Rural Development (NABARD) is a prestigious institution dedicated to promoting agriculture and rural development in India. The job roles for the Assistant manager selected through the NABARD recruitment process are as follows.
Multitasking
Assistant managers are expected to be comfortable with multitasking. They need to handle multiple duties and responsibility whenever in need.
Rural Development
NABARD plays an important role in implementing policies and initiatives for rural development. They work closely with the government agencies, NGOs, and others to address the issues at ground level in urban areas.
Agricultural Financing
They are also responsible for managing the credit facilities for farmers, self-help groups, and others. They need to assess the requirements of borrowers and ensure that the funds are used for rural development.
Project Management
Assistant Managers also need to manage the financial risks associated with rural lending. Officers need to set a risk mitigation strategy and make sure that the bank’s assets are safe.
NABARD Grade A Salary 2023 Career Growth
After clearing the NABARD Grade A exam, candidates have various paths filled with opportunities with the prospect of advancement in their careers. Some of the significant career growth available for the Assistant officer.
- Assistant Manager
- Manager
- Assistant General Manager
- Chief General Manager
- Executive Director
- Deputy General Manager
- General Manager
- Director
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