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Those aspirants who are focusing to make their career in banking sector, have dreams to work with NABARD. NABARD Grade A is a one of the prestigious and most sought career in India in the field of government job. The reason behind this is the in hand salary, lucrative perks, better future prospects and respect in the family & in the society. Every year larger number of banking aspirants give their best to Clear this Exam.
NABARD Grade A Officer Salary Structure
NABARD Grade A Basic Salary
Every year for first 4 years
Every year For the next 7 years
Every year for The next 4 years
Every year for The next 1 years
NABARD Grade A Officer Allowances
House rent allowance : NABARD Grade A Officer most likely gets 2/3 BHK upon confirmation. In some case, if someone has been not allocated a flat, NABARD gives approx. Rs. 70000 for that in Mumbai and according to place of posting.
Allowance for OPD treatment (Non hospitalisation)- The NABARD Grade A can claim bills of upto 4000 per month for OPD treatment.
Dearness Allowance-DA of 113% of the normal salary of each employee. DA is revised to 125% after the 7 central pay commissions.
Medical Insurance- 100 percent coverage for the employee and 75 percent coverage for the dependent.
Furniture Allowance- 1.20 lakhs plus GST ( For electronic furniture it’s 60 thousand plus GST which is reinstated after 3 years and for non- electronic it’s 60 thousand plus GST which is reloaded after 5 years.)
Furniture maintenance allowance – 11 thousand If you taken at least 1/3rd of furniture allowance.
Leave Fare Concession Travel (LFC):One of the best perks of NABARD is LFC Travel allowance. Once in two years for self, spouse and eligible dependents. Bank provides around Rs 107000 per person for this.
Petrol allowance- 150 Liters of petrol. (30 liters of extra petrol for all those living in Mumbai, Delhi, Chennai or Bangalore)
Entertainment allowance – 3 thousand in every three month.
Interest free festival advance
Loan Benefits-Officers can get credits and advances at a substantially less expensive rate for Housing, Vehicle, and Computers and so on and according to the bank’s policies.
Briefcase Allowances: BA is drawn by Grade A and B level officers. The Annual reimbursement of Briefcase is approx Rs- 7000/-. They can reimburse the price of the briefcase every three years.
Education allowances:- Selected officers will receive education allowances for their family.
Candidates selected for the post will be governed by “the defined contribution to New Pension Scheme (NPS)’ in addition to the benefits of Gratuity and Optional Group Term Insurance Plan
NABARD Grade A Salary In Hand
At present, initial monthly gross emoluments are approximately Rs. 62,600/-
NABARD Grade A Annual Package
The cost to company (CTC) 8 lakhs.
NABARD Grade A Officer Job Profile
The Aspirants Who Crack This Prestigious Exam Joined NABARD as Grade A Officer. Initial Two Years of Joining They Go Under the Training and Learn the Functioning of Various Department of NABARD.
During the training NABARD Grade A officer get different types of activities to be familiar with banking and banking culture. They also give training in various department.
After completion of two year training officer join as an assistant manager.
The major work of Grade A staff is of clerical nature, and the lives revolves around ‘noting’ and routine returns/reports submission, and framing replies to various email, etc. Noting is probably a part of most government jobs, and is important to set accountability for actions wherever public money is involved. But to an extent the application of mind is a limited opportunity in comparison to jobs in police, revenue, excise, administration dept, etc and obviously the core jobs. One has to bother himself with menial jobs consuming majority of their office hours
The field experiences are limited and few. These are limited to a few appraisal or monitoring visits. This limits your interaction and the monotonousness of the job and the nature of routine jobs may drown the enthusiasm of working for the ‘rural sector’.
NABARD Grade A Salary 2021 Joining, Training & Career Path
Along with handsome salary and allowances, there are immense opportunities to grow. Initial appointment will be on probation for a period of two years. The promotion in NABARD is fast as compared to others government job. Selected candidates are liable to be posted and transferred anywhere in India.