NABARD Grade A Salary 2023, Salary Structure, Deductions

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NABARD Grade A Salary 2023

NABARD Grade A Salary 2023: The NABARD Grade A salary is competitive and the benefits are comprehensive. The National Bank for Agriculture and Rural Development (NABARD) is hiring Assistant Manager Grade A positions. There are 150 vacancies available and the online application process started on September 2, 2023, and will end on September 23, 2023.

Interested candidates can check the NABARD Grade A salary 2023, salary structure, in-hand salary, perks, allowances, etc. for NABARD Grade A officers in 2023 in the article below.

NABARD Grade A Salary Structure 2023

The basic pay offered to the shortlisted candidates is Rs.28,150. Candidates can check the detailed NABARD Grade A Salary Structure 2023 below.

Components	Amount (In Rs)
Basic Pay	28,150
Dearness Allowance	27,154
CCA/Local Allowance	1,408
Grade Allowance	6,000
Special Allowance	1,625
Family Allow	1,126
Spl Perq Allow	2,323
Total Earnings	67,786
Deductions	9,053
Net Pay	58,733

NABARD Grade A Salary After 4 Years

The NABARD Grade A 2023 Salary increases over a certain time period. Check the increments in the NABARD Grade A Salary 2023 over the years below.

Time Period	Basic Pay (INR)	Increment (INR)
For the first 4 years	Rs.28,150	Rs.1,550
For the next 7 years	Rs.34,350	Rs.1,750
For the next 4 years	Rs.46,600	Rs.1,750
For the next 4 years	Rs.53,600	Rs. 2,000 (for 1 year)
Max. Basic Pay	Rs.55,600	Till retirement

NABARD Grade A Salary and Perks

NABARD also gives several benefits to their employees apart from a basic salary. Below is a list of some major benefits and parks offered to the candidates appointed for the post of Grade A officer.

Local Compensatory Allowance.
House Rent Allowance.
Dearness Allowance.
Grade Allowance.
Family Allowance.
Dispensary Allowance.
Furniture Allowance.
Life Insurance.

NABARD Grade A Salary 2023, Salary Structure, Deductions and Other Details, Read in Hindi

NABARD Grade A Salary 2023: Deductions

The total earnings are subject to deduction of specific amounts. The table below will help you understand the criteria for deductions related to provident fund, medical premium, income tax, and other applicable deductions.

Particulars	Amount (INR)
Prov. Fund/NPS	Rs. 6,130
Medical Premium	Rs. 180
Lounge Subs	Rs. 400
Income Tax	Rs. 2,323
Relief Fund Contribution	Rs. 200
Total Deduction	Rs. 9,053

You May Also Like To Read:
NABARD Grade A Eligibility Criteria 2023

FAQs

What is the Basic Salary of the NABARD Grade A officer?

The basic pay or salary for NABARD Grade A officer is 28,150/- per month.

What is the NABARD Grade A In-Hand Salary?

NABARD Grade A In hand salary is 62,600/- per month.

Is NABARD Grade ‘A” a good Job?

Yes It is India’s Very popular and very prestigious job in Agriculture Sector and banking sector.

What is the full form of NABARD?

National Bank for Agriculture and Rural Development (NABARD).

What are the several benefits apart from a basic salary that NABARD gives to their employees?

NABARD also gives several benefits to their employees apart from a basic salary. Below is a list of some major benefits and parks offered to the candidates appointed for the post of Grade A officer.
- Local Compensatory Allowance.
- House Rent Allowance.
- Dearness Allowance.
- Grade Allowance.
- Family Allowance.
- Dispensary Allowance.
- Furniture Allowance.
- Life Insurance.