NABARD Grade A Salary 2023: 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 2023.
NABARD Grade A Salary 2023: 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. 28150/- 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 2023|
|Particulars||Amount (in Rs.)|
|Basic Pay||Rs. 28150/-|
|Payscale||Rs. 28150-1550(4)-34350-1750(7)–46600–EB-1750(4)-53600- 2000(1)-55600|
|Monthly Gross Emoluments||Rs. 70000|
NABARD Grade A Salary 2023 Increments
The NABARD Grade A Pay Scale 2023 is 28150-1550(4)-34350-1750(7)–46600–EB-1750(4)-53600- 2000(1)-55600. NABARD Grade A Salary 2023 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.
|Time Period||Basic Pay (Rs.)||Increment (Rs.)|
|For the first four years||Rs. 28150||Rs. 1550|
|For the next 7 years||Rs. 34350||Rs. 1750|
|For the next 4 years||Rs. 46600||Rs. 1750|
|For the next 1 year||Rs. 53600||Rs. 2000 for 1 year|
|Max. Basic Pay||Rs. 55600||Till retirement|
NABARD Grade A Salary 2023 Deductions
Check the deduction for Provident fund, medical premium, income tax, and other parameters from total earnings in the below table.
|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: Salary Slip
Candidates who are interested in knowing the details of the NABARD Grade A Salary 2023 like basic pay, allowances, deductions, and other details of the NABARD Grade A Salary can check the NABARD Grade A Salary Slip attached below for more details.
NABARD Grade A Salary 2023: Allowances & Benefits
NABARD Grade A Salary 2023 Allowances include:
- Dearness Allowance
- Local Compensatory Allowance
- House Rent Allowance
- Grade Allowance
- Family Allowance
- Dispensary Allowance
- Furniture Allowance
NABARD Grade A Salary 2023 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 centers or residential accommodation
- The facility of NPS is also given to NABARD Grade A officers
NABARD Grade A Assistant Manager 2023 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 2023 Job Profile
Overall, the salary and perks offered by the NABARD Grade A Job profile 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
- Assistant General Manager
- Deputy General Manager
- General Manager
- Chief General Manager
- Executive Director
NABARD Grade A Salary 2023 – FAQs
Q 1. What is the Basic Pay of NABARD Grade A Salary 2023?
Ans. The Basic Pay of NABARD Grade A is Rs. 28150/- p.m.
Q 2. What is the Payscale of NABARD Grade A Salary 2023?
Ans. The Payscale for NABARD Grade A posts is 28150-1550(4)-34350-1750(7)–46600–EB-1750(4)-53600- 2000(1)-55600.
Q3. What is in-hand NABARD Grade A Salary?