IBPS RRB Officer Scale I 2018

Salary and Allowances

The IBPS is Institute of Banking Personnel Selection conducts a common written
entrance to recruit Regional Rural Bank Officers. The notification has come out to
recruit the RRB Officer Scale I. The recruitment process involves Preliminaries, Mains
followed by an Interview. The salaries are the most important component when
anybody choose to work. Employee benefits are the motivating factors for a
candidate to go through such difficult process of recruitment. Therefore, to keep
oneself motivated, it is good to know the perks and benefits attached to the post of
IBPS RRB Officer Scale I. The salaries, perks and the allowances attached to this
post are attractive. According to the latest scale the basic pay is RS.23,700, the
Scale I officer’s salary reaches unto Rs.42, 020 with the subsequent increments in
the scale.
IBPS RRB Syllabus
Apart from the IBPS RRB Officer Scale I basic pay, the officers are entitled with
the below allowances and perks:
 Dearness Allowance: The DA is given to the employee as a percentage of
the basic salary which is currently around 46.5% of the basic pay. This is revised
every three months based on the All India Consumer Price Index Data published
by the Ministry of Statistics and Program Implementation, Government of India.
 Special Allowance: It is now 7.5% of the basic pay.
 House Rent Allowance / Leased Accommodation: This purely depends
on the location where the officer gets posted whether urban or semi-urban or
rural. For rural areas 5% of the basic pay whereas for semi-urban areas, it is 7.5%
of the basic pay and the same is 10% in case of the urban areas of the country.
There is also a leased accommodation provided to the bank officers which will be
borne by the bank.
 Newspaper allowance: This allowance is provided to the officer for the
purchase of magazines, newspapers, it is given half-yearly or yearly.
 Travelling Allowance: This allowance is provided to the officers during
travel on official purposes like training. Apart from the travel allowance, the
officers are also allowed the diem allowance while in training.
 Household Maintenance/Cleaning Expenses: This allowance is given for
the maintenance of the house, own accommodation or leased.
 Medical Reimbursement: One of the main perks offered by the Banks to its
employees. You may get treated at any hospital of your choice, the expenses will
be reimbursed by the bank. The officers are also allowed a sum assured for this
purpose. On an average, it is Rs.8000 per year.
 Conveyance allowance: This is for the everyday conveyance expenses. The
petrol expenses would be reimbursed every month if you have a vehicle. The
amount would depend on the urban, semi-urban or rural areas.
 Hill Station Allowance: This is to the officers who are posted in the hilly
areas. It is calculated as a percentage of the basic pay.
 Overtime Allowance: Incase the officer stays beyond the usual working
hours, the overtime will be paid, and it is at the discretion of the branch manager
though as to how much be paid. This typically ranges from Rs.150 to Rs.200 per
hour in RRBs across India.
 Furniture Allowance: It is given to the officers for furnishing the leased
accommodation / own accommodation / company quarters. This is usually for a
particular period, for example – 5 years.
 Leave Travel Concession: For the scale I officers, leave travel concession is
provided for travelling to the hometown or outstation locations. Typically the
officers are entitled for AC II –Tier class for 3000 Km to and fro. It is typically for a
period of four years.
 Leave Encashment: The officers are entitled for leave encashment. The
leaves can be encashed against the Privilege leaves.
IBPS RRB Officer mains preparation tips

The perks attached to the bank officials is attractive and one of the main reasons for
many young graduates to make various attempts to crack the exams. The exam is
tough to crack. It really needs dedication and preparation well in advance. It cannot
be done overnight. Therefore one needs to prepare a candid study schedule to crack
the exam. Take a look at previous year IBPS RRB officer cut off marks. For more
updates related to the competitive exams, stay tuned to our site. All the best for
your IBPS RRB Officer Scale I preparation.