What are The Benefits of RBI Assistant?

Reserve Bank of India (RBI) conducts many types of exams every year, one of them being RBI Assistant. Lakhs of candidates apply for this exam every year to get their dream job in the banking industry.

If you are looking for the answer to this question then you came to the right place. Today you will know every information regarding RBI Assistant like Salary, Perks, Allowances etc. Let us know in brief about the exam then we will go for its benefits.

What are The Benefits of RBI Assistant

What is RBI Assistant 2022 Exam

Every year RBI recruits for the post of bank clerk through RBI Assistant. There are 3 stages of this exam prelims, mains, and language proficiency test. Candidates who clear all these stages get posted in the nation's central bank i.e., Reserve Bank of India for the post of Clerk.

Benefits of RBI Assistant

  1. Salary & Increment
  • After getting selected as an RBI Assistant, a good package is offered to the employee. In the beginning, the basic pay is 20700. If we talk about in-hand salary, then the employee starts getting around 32-33 thousand per month after deductions.
  • Assistants will get a starting basic pay of ₹ 20,700/- per month in the scale of ₹ 20700 – 1200 (3) – 24300 – 1440 (4) - 30060 – 1920 (6) – 41580 – 2080 (2) – 45740 – 2370 (3) – 52850 – 2850 – 55700 (20 years) At present, initial monthly Gross emoluments for Assistants will be approximately ₹ 45,050/-.
  1. Job Security
  • When you work in RBI as a clerk, you are working in the only Central Bank in the country. It would not be wrong to call it India's most secure organization in terms of job security.
  • In other national banks, there may still be a problem of a merger or license suspension etc., but your job in RBI is completely safe. RBI Assistant Salary is not the only reason, working in a reputed bank like RBI is a big deal in itself.
  1. Allowances
  • Accommodation/House Rent- Free accommodation are provided for an RBI Assistant but it depends on the subject to availability. In case the house is not available or employee deny to live in Bank's accommodation then House Allowance of 15% of Pay will be paid to employees additionally.
  • Dearness Allowances - Dearness Allowance (DA) is provided to an RBI Employee as compensation for the rising inflation. Nowadays, nearly 28% of basic pay is added to the salary as Dearness Allowance.
  • City Compensatory Allowance - City Compensatory Allowance is provided to an RBI Assistant as compensation for the high costs of living in metropolitan or Tier-1 cities.
  • Transport Allowances - Transport allowance is given to meet the expenses between the place of residence and the place of duty. It is also added while transporting from one place to another for office work.
  1. Perks & Benefits
  • Education Loan with Minimum Interest - RBI also provides an education loan of up to 20 lakhs for the children of its employees, that too at a very nominal interest rate.
  • Medical Help - RBI provides medical insurance to its employees and their families. There are many such services in this insurance which are absolutely free and for some a nominal fee is charged.
  • Holidays - If you compare any other bank job with RBI Assistant, then RBI gives more holidays. Along with this, paid leave is also allowed more.
  1. Good Career Growth

After joining as RBI Assistant, the employee has to stay in this post for 3 years. After this, many options are open for him, understanding the work capacity and duties of the worker, promotion can be done easily. Employee can also go to the post of officer by passing office level exam.

Selected candidates as an RBI Assistant will be able to get promotions on these posts-

  • Scale 1 – Officer/Assistant Manager, Grade -A
  • Scale 2 – Manager, Grade- B
  • Scale 3 – Senior Manager, Grade- C
  • Scale 4 – Chief Manager, Grade -D
  1. 5 Working Day/Week
  • An RBI Assistant has to work only for 5 days in a week, his/her entire weekend remains off. Not only this, apart from this, their working hours are also of only 8 hours. If we compare it with other private/government jobs then it is very good and very effective to maintain a good life balance.
  1. Posting in Metro Cities

If the aspirant wants to go for a government job where one gets to live in urban cities, then this job is a good option. Access to RBI branches is very less in rural areas, in such a situation, you get posting in an urban city only. Here are the list of RBI different Zone.

  • West Zone: Ahmedabad, Bhopal (including Raipur), Mumbai (including Belapur, Pune, and Panaji), Nagpur.
  • South Zone: Bengaluru, Chennai, Hyderabad, and Thiruvananthapuram (including Kochi).
  • North Zone: Chandigarh (including Shimla), Jaipur, Jammu / Srinagar, Kanpur, (including Lucknow & Dehradun), New Delhi.
  • East Zone: Bhubaneswar, Guwahati (including all North Eastern states excluding Gangtok), Kolkata (including Gangtok), Patna (including Ranchi).
  1. Other Benefits
  • RBI Employee are eligible for Home Loan upto 30 Lacs at minimal rate of interest.
  • Newspaper Allowance
  • Furnishing Allowance
  • Reimbursement of Medical Bills


If a candidate's dream is to do a government job where the job is in the urban city and the government bears the expenses of the city, then RBI Assistant is the best option.

If you want proper guidance for banking preparation then you can take help from any reputed institute. Physics Wallah is India's Most Loved Educational Platform, candidate can take guidance of this learning platform for their banking exam.

Frequently Asked Questions (FAQs)

Q.1. Do RBI assistant get promoted?

Ans. Yes, after completing the 2 year of service they can be promoted to the higher (Officer) posts.

Q.2. Is RBI Assistant a respectable job?

Ans. Ofcourse, it is very respectable and the highest demanding job in banking sector.

Q.3. How much does an RBI Assistant earn?

Ans. In the beginning, the basic pay of RBI Assistant is 20,700. If we talk about in-hand salary, then the employee starts getting around 32-33 thousand per month after all deduction.

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