Comprehensive Guide to NABARD Grade A Officer Salaries and Compensation Benefits

As of the latest updates, the NABARD (National Bank for Agriculture and Rural Development) Grade A Officer positions offer a competitive salary package to their employees. This comprehensive guide will detail the in-hand salary, Cost to Company (CTC) for a NABARD Grade A Officer, along with additional benefits and allowances.

The Role and Responsibilities of a NABARD Grade A Officer

The NABARD Grade A Officer plays a vital role in the implementation of policies and programs related to agriculture and rural development in collaboration with various Central and State Government programs. The job involves a variety of responsibilities ranging from carrying out managerial tasks to performing clerical duties.

Salary Structure and CTC Details

The basic salary structure for a NABARD Grade A Officer is as follows:

Pay Scale: 44,500 - 54,500 - 74,450 - 85,850 - 89,150 Increment Schedule: Rs 2,500 for the first 4 years Rs 2,850 for the subsequent 7 years Rs 3,300 for the final increment

Upon selection, a Grade A Officer will start with a basic salary of Rs 44,500. Over the years, the officer will receive increments leading to a maximum basic pay of Rs 89,150.

Cost to Company (CTC) and Additional Allowances

The total Cost to Company (CTC) for a NABARD Grade A Officer is generally around 12 to 14 lakhs per annum, which includes the basic salary and various allowances. These allowances contribute to ensuring a comfortable living for the officer and their family. Here are the details:

Dearness Allowance (DA) House Rent Allowance (HRA) Local Allowance Family Allowance Grade Allowance Accommodation facilities across India Telephone, newspaper, and maid allowance Medical reimbursement expenses Furniture allowance Dispensary facilities Interest-free festival advance Leave fare concessions Lifetime loans at concessional rates of interest for housing, education, personal purposes New Pension Scheme Gratuity Optional Group Term Insurance Plan

Key Figures to Note

As of the latest data, the in-hand salary for a NABARD Grade A officer typically ranges between Rs 70,000 to Rs 80,000 per month, depending on various factors such as location and allowances. The CTC for a new officer can range from 12 to 14 lakhs per annum.

Exam Preparation Consideration

With the NABARD Grade A 2023 notification expected soon, it is advisable to begin preparing for the exam right away. The thorough preparation is crucial to stand a chance at securing a position as a NABARD Grade A Officer.

Conclusion

Securing a role as a NABARD Grade A Officer comes with a generous compensation package and numerous benefits. With the right preparation, one can enhance their chances of success in the exam and secure a rewarding career.

Good Luck!