RBI Grade B post is gaining popularity these days. Candidates from various fields ranging from economics to engineering aiming to become RBI Grade B officer. RBI Grade B notification 2019 is released. According to the official notification, RBI Grade B exam (prelims) is scheduled to be held on 9th November 2019 while the mains examintaion of RBI Grade B is to be held on 1-2 December 2019. For more details about the RBI notification, RBI exams check the link given below.
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What makes RBI Grade B, a better career option?
According to the recent survey, RBI is being selected as one of the best workplace as of now. It not only is a reputed place but also has more benefits than any other government bank. Talking about Grade B, grade B level candidates in other bank jobs do not have such exposure and perks which an RBI provides because of the but obvious reasons. It is India’s central bank which controls every financial function. RBI (Reserve Bank of India) is India’s central bank, sometimes termed as banker’s bank. It was established on 1st April 1935 by the RBI act 1934. Although, it was originally owned by the private body, since nationalisation in 1949 the Reserve Bank of India is owned by the government of India. From monetary, financial to supervisory activity, RBI is the main authority of all.
Here are some of the benefits of pursuing RBI Grade B Officer as a career:
Basic things: This exam has a little higher level than any other banking examination. But it has general eligibility conditions and different exam pattern as it has more weight of general/financial awareness.
Salary: Unlike other banking grade B basic pay which is around Rs. 27k – 30k, RBI provides a basic pay of Rs 35,150 to all grade B officers. RBI Grade B officer salary is around Rs 77,208 as a total salary which includes all the allowances.
Perks and allowances other than the basic pay
- Residence of 2bhk is provided to every grade B officer in the RBI residence area.
- Fuel allowances are also provided for the people who travel from places other than the residence.
- Medical allowances of some amount are being allotted to every employee in RBI.
- TOUR allowances like LTC/LTF once in a year or two.
- Dearness allowance is also provided.
Influence: The officer level employees in RBI affects the life of every Indian as it has an affects the Indian economy. Officers in RBI have to work closely with every reform keeping inflation/deflation under check. This is a very impactful job with a great reputation.
What makes an officer of RBI Career different from other bank officer
RBI provides an extensive career possibility. There are 7-8 level hierarchical position above Grade B officers. A Grade B officer inside RBI can be promoted till the position of Deputy Governor. Sometimes, the government can promote the deputy governor to the post of governor. Urijit Patel is one such example. Also, not only there is a promotional advantage, there is a chance of getting recruited in the world’s prestigious organization like the World Bank, IMF, etc. Moreover, it can have benefits even after retirement.
Opportunities: Working with RBI in itself is a reputed position. It provides an officer with lots of opportunities ranging from finance to policies. A candidate appointed as a grade B officer is going to experience a whole new world of a financial system which is absent in public sector banks. Investment banking is another option which becomes a future prospect of the RBI officer.
More perks: RBI Grade B officers can get a loan at the most cheaper rate. They can avail loans of lesser interest on any type of loan like car, home loans. This is the job that provides a scholarship of full time or part-time to the officer who wants to pursue their further studies.
RBI Grade B is the best banking jobs in India with major perks and opportunities. So, candidates who want to pursue their career in banking sector should not give a second thought while applying for this examination. Bankersadda will help you to sail through this examination as well. If you need the best guidance for this exam as it is approaching on 9th November, you can take look at our Adda247 store.