NABARD Grade A Salary 2020 for Assistant Manager

January 24, 2020

NABARD Salary has been discussed for the post of Grade A. With the release of 154 vacancies, candidates would be anticipating for the salary the Bank offers. Being an apex institution, one may expect a good package. Here we are providing complete information for NABARD Grade-A Salary including structure, perks, pay scale, allowances and job profile. A career as an Asst Manager is a great chance to be associated with the most reputed bank and of course with the central government. Read more below.

NABARD Grade A Salary

NABARD Grade A Salary includes a fixed amount of PayScale and the structure is decided based on the level of PayScale. Below is the description of the Salary Structure for Grade A, Assistant Manager:

The Basic Salary starts with an amount of Rs 28150, on which the allowances are added to this amount.

28150-1550(4) -34350-1750(7) – 46600 –EB – 1750(4)- 53600-2000(1)-55600

PeriodBasic Pay (INR)Increment (INR)
For the first four years281501550
For the next 7 years343501750
For the next 4 years466001750
For the next 4 years536002000 for 1 year

An increment of Rs 1550 is received for the subsequent four years. Further, with basic pay of Rs 34350, an increment of Rs 1750 is received for the next 7 years and so on. This makes the maximum basic pay to be Rs 55587.

At present, initial monthly gross emoluments are approximately Rs 62,600/-

NABARD Grade A Salary Allowances & Benefits

NABARD Grade A Salary Allowances include:

  • Dearness Allowance
  • Local Compensatory Allowance
  • House Rent Allowance
  • Grade Allowance

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 centres. Or residential accommodation
  • The facility of NPS is also given

Job Profile of NABARD Grade A Asst Manager

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 employment, which may further extend for another year.

There is also a lot of multitasking involved in a government job. Policymaking, implementing, maintaining are some other tasks.


Promotion in the career of NABARD Assistant Manager

Overall, the salary and perks offered by the NABARD Grade A Job profile is very attractive and gives a good career growth. Banking sector releases a decent number of vacancies to offer a good opportunity to the aspirants. Numerous candidates apply for the post every year and are currently enjoying a stable life with good income.

  • Assistant Manager
  • Manager
  • Assistant General Manager
  • Deputy General Manager
  • General Manager
  • Chief General Manager
  • Executive Director
  • Director

Check more Bank Jobs 2020

For our readers:

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