National Bank for Agriculture and Rural Development

NABARD Grade A Salary 2024: Pay Scale, In Hand Scale, Salary Structure

NABARD Grade A Salary 2024: The salary for the post of Assistant Manager is mentioned in the official notification. As per the details, selected candidates will be eligible to get a basic pay of INR 44,500 per month.

Mallika MehzabeenUpdated on : Jun 26 2024 17:40 IST

NABARD Grade A Salary Allowances

NABARD Grade A Salary 2024: The National Bank for Agriculture and Rural Development (NABARD) will release the NABARD Grade A notification online. The notification consists of the salary structure for the post of Assistant Manager along with the exam dates and other related information.

To acess the official notification, candidates can visit the official website - nabard.org. The official authorities have segregated the basic pay and pay scale for candidates to have a better idea. Selected candidates will be eligible to receive a basic pay of INR 44,500 per month. Additionally, candidates will get other benefits such as dearness allowance, local compensatory allowance, house rent allowance and others. Further, 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 Group Term Insurance Plan.

NABARD Exam 2024: Highlights

Candidates can take a look at the important points of the NABARD below:

Particulars	Details
Exam Name	National Bank For Agriculture And Rural Development Assistant Manager Exam
Exam Conducting Body	National Bank For Agriculture And Rural Development
NABARD Assistant Manager Application Dates 2024	To be released
NABARD Prelims Exam Date 2024	To be released
Exam Mode	Online
NABARD Assistant Manager Total Vacancies	To be released

NABARD Assistant Manager Salary 2024

The conducting body releases the salary breakup for the post of Assistant Manager in the official notification. It is no hidden fact that salary plays a pivotal role for candidates as they appear for the NABARD assistant manager exam. NABARD has released both basic pay and pay scale for candidates in its official notification to have a better understanding of the honorarium they will be getting.

In addition, the exam conducting body has also released details about the other perks they will be getting after qualifying for the NABARD assistant manager exam 2024.

Pay Scale	Basic Pay
INR 2500	INR 44,500
INR 2850	INR 54,500
INR 2850	INR 74,450 (EB)
INR 3300	INR 85,850
Monthly Gross Emoluments	INR 1,00,000

NABARD Grade A Salary 2024: Increments

Candidates appearing for the NABARD assistant manager exam should note that the NABARD Grade A salary includes a fixed amount of pay scale. Also, the exam conducting body has released the number of years after which they will get an increment. This information is provided in the following table:

Time Period	Basic Pay	Increment
For the First Four Years	INR 44,500	INR 2500
For the Next 7 Years	INR 54,500	INR 2850
For the Next 4 Years	INR 74,450	INR 2850
For the Next 4 Years	INR 85,850	INR 3300 for 1 Year
Max Basic Pay	INR 89,150	Till retirement

NABARD Grade A Salary 2024 Deductions

Along with the salary, there are a bunch of deductions that a candidate should know about. These deductions in a qualified candidate’s salary are provided below.

Particulars	Deductions
Provident Fund/NPS	INR 6,130
Medical Premium	INR 180
Lounge Subs	INR 400
Income Tax	INR 2,323
Relief Fund Contributions	INR 200
Total Deductions	INR 9,053

NABARD Assistant Manager Perks

The conducting body gives various perks to the candidates who have qualified the exam. Candidates can take a look at the these allowances below.

Dearness Allowance
Dispensary Allowance
Furniture Allowance
Vehicle maintenance
Newspaper
Local Compensatory Allowance
House Rent Allowance
Grade Allowance
Family Allowance
Internet
Telephone expenses
Book grant
Furnishing of residence

NOTE: All candidates selected for appointment by the Bank are liable to be posted and transferred anywhere in India.

NABARD Grade A Salary 2024 Benefits

Candidates can take a look at the following benefits that are included in the NABARD assistant manager post below: `

Candidates will get internet, newspaper, telephone charges, and book grants. Also, candidates will get an allowance for the furnishing done at their residence.
Candidates can also avail free dispensary facility. Apart from that, candidates will get the reimbursement of medical expenses, along with the OPD treatment/hospitalization.
Reduced interest rates for loans and advances related to housing, automobiles, children's education, and personal computers.
Government-provided housing options are also accessible at select centers or residential locations
NABARD grade A officers also can avail of the facility of NPS

NABARD Assistant Manager Promotions

Prospective candidates for NABARD assistant manager positions should be aware that they can be promoted to higher grades within the organization. Upon promotion, candidates can expect a salary increase and an expansion of their roles and responsibilities. The attractive salary package and comprehensive benefits offered make this exam highly competitive, with a significant number of applicants each year.

Individuals who aspire to take the exam should prioritize thorough and dedicated preparation. It is recommended to consistently practice with mock test papers to improve your timing and performance in each section.

Promotion of NABARD assistant manager in stages

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

Frequently Asked Questions (FAQs)

What is the basic salary of a NABARD Assistant Manager?

The basic salary of a NABARD Assistant Manager is set as INR 44,500/- per month.

Do NABARD Assistant Managers receive any allowances in addition to their basic salary?

Yes, NABARD Assistant Managers receive various allowances such as Dearness Allowance (DA), House Rent Allowance (HRA), and Special Allowance as per the rules and regulations of the organization. These allowances can vary depending on the location of posting.

Is there any provision for performance-based incentives for NABARD Assistant Managers?

NABARD does provide performance-based incentives and bonuses to its employees, including Assistant Managers. The specific incentive structure may vary from year to year and is subject to the performance appraisal of the individual.

What are the opportunities for career growth and promotions for NABARD Assistant Managers?

NABARD offers opportunities for career growth and promotions through internal examinations and performance evaluations. Assistant Managers can progress to higher grades, such as Manager and beyond, based on their experience and performance.

Is there a probation period for NABARD Assistant Managers, and if so, how long is it?

Yes, NABARD Assistant Managers typically undergo a probation period of two years. During this period, their performance and suitability for the role are assessed.