This article has all the information about the salary for NABARD Grade A. It includes details like how much you will get paid, the different parts of your salary, and other benefits. Make sure to read the article carefully to learn more. NABARD is a bank that helps with agriculture and rural development. They have a test to choose people for the job of Assistant Managers. Before you apply for this job, you probably want to know how much you will get paid. This article has all the details about the salary for NABARD Grade A in 2024. It also talks about how much money you will actually get in your hand, how long you will be on probation, and how you can advance in your career. Keep reading to find out more.
NABARD Grade A Salary 2024
The NABARD Grade A job is for an Assistant Manager, and if you get hired, you can grow professionally. One of the great things about this job is that you get to work for a really good bank. The article talks about how much money you can make as a Grade A Assistant Manager at NABARD. The table below shows the exact amount of money that people who pass the NABARD Grade A Exam in 2024 will get.
| Component | Amount (Rs.) |
|---|---|
| Basic Pay | 44,500 |
| Pay Scale | 44,500 – 1,50,000 |
| Monthly Gross Emoluments | 1,20,000 |
NABARD Grade A: Salary Structure
NABARD Grade A Officers earn a monthly salary of around Rs. 58,000 to Rs. 62,000. This includes various allowances such as Dearness Allowance, Local Compensatory Allowance, House Rent Allowance, Special Allowance, Family Allowance, and Grade Allowance. The base salary for NABARD Grade A Officers is Rs. 44,500 per month. Here is a table that shows the salary structure.
| NABARD GRADE A Salary Structure | |
|---|---|
| Organization | National Bank for Agriculture and Rural Development (NABARD) |
| Post Name | Assistant Manager |
| Basic Pay | Rs. 44,500/- |
| Pay Scale | Rs. 44,500/- per month in the scale of Rs. 44,500 – 2500 (4) – 54,500 – 2850 (7) – 74,450 – EB – 2850 (4) – 85,850 – 3300 (1) – 89,150 (17 Years) |
| Monthly Gross Emoluments | Rs. 1,00,000/- |
| Allowances & Benefits | DA, HRA, LCA, TA, etc. |
| Probation Period | 2 years (extendable up to 1 year) |
| Official Website | nabard.org |
NABARD Grade A Salary 2024: Increments
The NABARD Grade A Officer is paid a salary of Rs. 44,500 per month. The salary scale for the NABARD Grade A Salary 2024 is fixed and determines the structure. Currently, the starting gross monthly salary is around Rs. 70,000. The salary structure for the NABARD Grade A Assistant Manager is explained below.
| 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
Please review the amounts deducted for provident fund, medical premium, income tax, and other earnings in the table provided.
| 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 Slip
The NABARD Grade A pay slip is a document that shows how much money Grade A officers at NABARD earn. It includes details about their basic pay, allowances for things like housing and medical expenses, and other benefits they can get. We have included an example of the NABARD Grade A Salary Slip below for you to see.
NABARD Grade A Allowances & Benefits
In addition to the NABARD Grade A Salary 2024, candidates also get some extra money and benefits which are explained below. The NABARD Grade A 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
Some advantages of being in the NABARD Grade A position are:
- Newspapers, the internet, phone bills, book grants, living expense reimbursement, and so on, based on eligibility
- Free dispensary setup in addition to medical expense reimbursement, and out-of-patient care (OPD) is provided.
- Leave Travel Concession (once every two years for the individual and their dependents)
- Concessional interest rates on advances and loans for homes, cars, children’s education, and personal computers
- Some centers or residential accommodations also offer the government quarters facility.
- NABARD Grade A officers are also granted access to the NPS facilities.
NABARD Grade A Assistant Manager Probation
Being an Assistant Manager of NABARD Grade A means having more responsibilities. The job involves important duties and is considered administrative. You will also have a probationary period of two years, which could be extended for another year.
NABARD Grade A Assistant Manager Job Profile
The NABARD Grade A Assistant Manager has specific job roles and responsibilities. These include a variety of tasks that they are responsible for.
- Help the manager by handling the several administrative responsibilities that the CGM assigns you.
- Discuss policy matters about rural and agricultural development within the framework of various state and federal government programs.
- Take part in rural-based initiatives with the state government and banking industry.
No matter what skills you have, you will be placed in any department as an Assistant Manager. The person you need to report to is the Chief General Manager (CGM) of the local NABARD office.
NABARD Grade A Officer Job Profile: General Post
- Perform administrative, managerial, and/or other tasks as delegated by the CGM
- Addressing policy concerns for different state and federal government initiatives pertaining to agriculture and rural development
- Coordinating with the banking sector and state governments on matters pertaining to rural activities
- Perform clerical jobs and work under the manager.
NABARD Grade A Officer Job Profile: Information and Technology Officer (ITAO)
- Security Analytical
- Networking Database Management
- Application Development
- Related areas and server management
- Database analysis with Oracle, MSSQL, and MySQL
NABARD Grade A Officer Job Profile: Finance Officer
- Treasury Administration
- Risk Control
- Managing statutory and/or regulatory compliances for retail bonds, public issuance, etc.
NABARD Grade A Assistant Manager Growth
NABARD Grade A Growth provides great benefits and a good salary package that helps you move forward in your career. The banking industry offers a lot of job opportunities, and many people who have applied for this position now have a stable life with a good income every year.
- Assistant Manager
- Manager
- Assistant General Manager
- Deputy General Manager
- General Manager
- Chief General Manager
- Executive Director
- Director
FAQ – Frequently Asked Questions
Q 1. What is the Basic Pay of NABARD Grade A Salary 2024?
The starting salary for NABARD Grade A is Rs. 44,500 per month.
Q2. What is the Payscale of NABARD Grade A Salary 2024?
The salary for NABARD Grade A positions is Rs. 44,500 per month. The salary scale starts at Rs. 44,500 and increases by Rs. 2,500 every 4 years until it reaches Rs. 54,500. After that, it increases by Rs. 2,850 every 7 years until it reaches Rs. 74,450. Then, it increases by Rs. 2,850 every 4 years until it reaches Rs. 85,850. Finally, it increases by Rs. 3,300 after 1 year until it reaches Rs. 89,150 after 17 years.
Q3. What is in-hand salary for the NABARD Grade A Assistant Manager?
The starting salary for the NABARD Grade A Assistant Manager is about Rs. 1,00,000 per month.