Monday, 25 April 2016

Salary of NABARD Assistant Manager (Grade A and B) - This is informative article for mm expert readers as NABARD On hand Salary of Grade A and Grade B Officer 2016. NABARD (National Bank for Agriculture and Rural Development) has announced recruitment of 115 Assistant Manager (Grade A and B) officers via written exam and personal interview process.

Salary of NABARD Assistant Manager (Grade A and B):

Candidates who appeared in NABARD Assistant Manager Recruitment exam must be looking for on hand salary for each post. So here IBPS Adda brings you On hand salary, Salary structure and other allowance for NABARD 2016 Assistant Manager Post.

NABARD is also government organization, public sector bank whose employee also eligible for DA, HRA, and Special allowance and other benefits which are provided by NABARD 2016. Assistant Manager (Grade A and B) are Bank PO and Specialist officer level of job.So, you can expect high salary for NABARD Assistant manager posts. 
Below is on hand salary structure of NABARD 2016 Assistant Manager

1. Assistant Manager (Grade A) :- The Grade 'A' officer of NABARD will get Basic pay of Rs.17100/-p.m. in the scale of 17100-1000(11)-28100-EB-1000(4)-32100-1100(1)-33200 Per month. Apart from Basic pay, Assistant Manager will also get 7% HRA, 33.70% DA, local Allowance, Family allowance and Grade Allowance.

All the other benefits of allowance are different as per the place you get placed. But the approx On hand salary of Assistant Manager (Grade A) will be around Rs.43183 per month.

2. Assistant Manager (Grade B) :- The higher post than Grade A officer is Assistant Manger Grade 'B' officer (RDBS) for which 15 posts to be filled. The basic pay for Assistant Manager (Grade B) is Rs.21000/-p.m. in the scale of 21000-1000(9)-30000-EB-1000(2)-32000-1100(4)-36400.
Apart from Basic pay, Grade B officer will also be eligible for Dearness allowance, HRA (house rent allowance), family allowance, local allowance, and Grade allowance. The Approx On hand Salary of Assistant Manager Grade B officer is Rs.54970/- Per month.

Please note that pay scales for Grade A and B officers are due for an upward revision. 

This is quite high salary in comparison to Bank PO and Bank Clerk. Even On hand salary of SBI Junior Associate is quite lower than NABARD Assistant Manager Post.

Important Dates for NABARD Recruitment 2016 - 115 Grade ‘A’ & ‘B’ Officer

National Bank for Agricultural Development (NABARD) has released notification for the recruitment of 115 Assistant Managers (Grade ‘A’), Manager (Grade ‘B’) vacancies in the Rural Development Banking Service (RDBS). Eligible candidates may apply online from 23-03-2016 to 13-04-2016. Other details like age limit, educational qualification, selection process, how to apply are given below:-
Starting Date to Apply Online & for Payment of Fee : 23-03-2016
Last Date to Apply Online & for Payment of Fee : 13-04-2016
Last Date to Apply for Pre Examination Training : 20-04-2016
Date of Phase I (Preliminary) – Online Examination: 08-05-2016
Date of Phase II (Main) – Online Examination: 05-06-2016

career in NABARD v/s RBI

We are giving more answers for this query for our readers. These all answers are different-2 replied by personnel in India. MM team does not responsible for any responsibility for that.

Answer 1:

What will a career in NABARD be like? NABARD offers a fulfilling career. You will be posted to the regional offices which are in state capitals. In addition to this you might be posted as DDM ( District Development Manager ) in any district of India. The tenure as DDM is the most rewarding one as you get involved in ground level activities. Right now one should focus on cracking the exam rather than thinking about the career prospects in NABARD. Needless to say that NABARD is an apex institution and a regulator so you won't regret joining/working for NABARD. The perks and remunerations are at par with RBI (read one of the best in the financial industry).

How is it different from working in RBI? NABARD was a part of RBI before 1982 and hence shares the same work culture as RBI. In RBI you get to work in many more aspects of banking ( e.g. forex, banker for the govt, etc ), however in NABARD you would be working mainly for upliftment of agriculture and rural areas (which is a privilege in itself).

Are NABARD officers posted in rural areas? NO. At the most NABARD officers are posted at district level and that too once in his/her life ( there are many people who never went for DDM posting in their entire life). Usually Officers are posted at Regional Offices which are in state capitals only.

Answer -2:

A comfortable and meaningful career is what you can expect from NABARD.  NABARD is the apex institution for credit as far as agriculture and rural development is concerned and also does Consultancies through its wing called NABCONS.  You would be dealing with policy issues of various programmes of Central/State Govts and projects relating to Agriculture as well as Rural Development, closely liaising with the State Government and the banking industry, which encompasses the entire activities in the rural areas.  Pay (and almost all perks) is equal to RBI which is better than any commercial bank.
NABARD has offices in all State Capitals called Regional Offices with its Head Office in Mumbai.  NABARD has a Residence-Cum-Office in most of the districts in the South and majority of the districts in the North and you could get posted if you put in around 10 to 15 years service as an officer.  The district posting is a single man office!!  Welcome aboard.
(Above answer given by current NABARD employee (working for NABARD)) 

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