NABARD Grade A Salary: CTC, In-Hand, Salary Slip, & Perks

The NABARD Grade A salary has been revised with a 40% hike in basic pay, increasing from ₹44,500 to ₹62,500. Along with this increase, allowances have also been raised, bringing the gross salary to ₹1,60,699 per month.

This results in an in-hand salary of around ₹1,30,000 per month, up from ₹90,000.

In this article, I’ll break down the NABARD Grade A salary structure, covering basic pay, in-hand salary, allowances, deductions, and the full benefits of cracking the NABARD Grade A exam.

I’ll also compare the NABARD Assistant Manager salary with roles like IAS, RBI Grade B, SEBI Grade A, IBPS PO, and SBI PO to help you understand what to expect.

Let’s start by looking at the CTC.

NABARD Grade A Salary Structure Overview

After the wage revision, the latest NABARD Grade A salary package is as follows:

• Basic Pay: ₹62,500
• CTC: ₹28.3 lakh per annum
• Gross Salary: ₹1,60,699 per month, ₹19.30 per annum
• Allowances: ₹8,86,000 annually (monthly + yearly allowances combined)
  • Monthly: ₹65,500 per month (₹7,86,000 annually)
  • Yearly: ₹1 lakh per annum
• Deductions: ₹30,000 monthly (₹3,60,000 per annum)
• In-Hand Salary: ₹1,30,000 monthly (₹15,60,000 per annum)

This is a brief overview of the NABARD Grade A salary structure. Now, let’s understand each component in detail, starting with the basic pay.

NABARD Grade A Officer Basic Pay

As per the latest circular, the starting basic pay for NABARD Assistant Managers is ₹62,500 per month. You might be wondering,

 “Why does the basic pay seem relatively small while the CTC is in lakhs?”

Well, the basic salary is just the tip of the iceberg. Along with the basic pay, you’ll receive various allowances, which contribute to the gross salary of a NABARD Grade A officer. 

These allowances and additional benefits make the overall salary package much more attractive.

Let’s discuss each allowance in detail that makes up this attractive gross salary of a NABARD Assistant Manager.

NABARD Grade A Gross Salary: A Detailed Breakdown

As a NABARD Grade A officer, you’ll get various allowances on top of your basic pay. As per the latest NABARD Grade A notification, the monthly gross emoluments for NABARD Grade A officers are ₹1,60,699, which adds up to ₹19.30 (approx.) lakh per annum.

NABARD Grade A Gross Salary = Basic Pay + Compulsory Allowances

Here are the compulsory allowances that contribute to your NABARD Assistant Manager gross salary:

• Dearness Allowance (DA) – ₹35,018
  • DA is a cost-of-living allowance that adjusts based on inflation and economic changes to help employees maintain their purchasing power.
• LCA (CCA) – ₹4,800
  • City Compensatory Allowance (CCA): This allowance (5% of basic pay) is given to employees who are posted in cities with higher living costs. It’s intended to compensate for the higher cost of living.
• Grade Allowance – ₹14,300
  • A fixed allowance (15.5% of basic pay) is provided to employees based on their grade level or pay scale. This is part of the compensation for their position in the organization.
• Special Allowance – ₹22,750
  • This is an additional allowance (26.5% of basic pay) provided for special purposes and is not typically fixed. It could be given for specific roles or performance.
• LCA (SCA) – ₹500
  • Special City Allowance (SCA): Similar to CCA, but it’s a smaller allowance given for employees working in cities with slightly elevated costs.
• LCA (FA) – ₹1,780
  • Functional Allowance (FA): This is paid to employees based on their specific functional roles or responsibilities within the organization.
• Special Perquisite Allowance – ₹3,701
  • This allowance is often given for additional perks or functional requirements beyond basic salary and usual allowances.
• SPA Cess – ₹148
  • Special Pay Allowance (SPA): Given for particular duties or roles that require specialized skills or qualifications.
• Learning Allowance – ₹3,300
  • This is provided to employees for any ongoing training, development, or educational expenses to enhance their skills for the role.
• Special Grade Allowance – ₹3,309
  • A specific allowance for employees in higher-grade positions or those with additional responsibilities, reflecting their special role.
• Family Allowance – ₹4,050
  • This is intended to support employees with dependents. It’s often aimed at helping with family-related expenses.
• PFA – ₹5,200
  • Pension Fund Allowance (PFA) is a contribution towards the employee’s pension, ensuring they are financially supported in their retirement.

These are the allowances that are added to the basic pay, which contribute to the gross salary paid to the employee.

Here is a comparison of the old and new revised allowances for NABARD Grade A, organized in a table format for better clarity:

Hence, the NABARD Grade A gross salary is approximately ₹1,60,699 per month, which comes to around ₹19.28 lakh per year.

Important Notes:

• Dearness Allowance (DA) is calculated as a percentage of basic pay and is revised periodically.
• You can choose between official accommodation (quarters) and HRA.
• HRA is provided if you do not opt for NABARD accommodation.
• You may also be eligible for HRA if you own a house but are posted in another city and living in rented accommodation.

In addition, you’ll also receive various monthly and yearly allowances that further increase your overall NABARD Grade A salary.

Now, is this all you are getting? No, there is so much more in the form of several monthly and yearly allowances that are added to this amount, which we’ll discuss next.

NABARD Grade A Salary Allowances: Monthly

In addition to the basic salary, as a NABARD Grade A officer, you’ll receive a range of monthly allowances of ₹65,500 per month, which is ₹7,86,000 per annum. These cover various aspects of your life, from housing and mobile/internet expenses to your daily commute.

Here I have listed all the monthly allowances you will get as a Grade A officer:

1.  House Rent Allowance (HRA): Housing Flexibility

NABARD provides housing accommodation to its officers. If NABARD is unable to provide housing due to a lack of available units or any other reason, the organization offers an HRA of approximately ₹25,000 per month. 

This allowance supports your accommodation expenses and gives you the flexibility to choose housing arrangements that suit your personal preferences and needs.

2. Fuel Allowance: Covering Your Commuting Costs

As a NABARD Grade A officer, you are eligible for a generous monthly fuel allowance to cover commuting expenses between your office and residence. The allowance amount is around ₹21,000, which varies with location. 

• Base Fuel Allowance: Covering 150 litres of fuel.
• Mumbai: Officers are eligible for up to 200 litres (an additional 50 litres) to accommodate higher commuting costs in the city.
• Other Metro Cities (Delhi, Bangalore, etc.): Fuel allowance increases to 180 litres (an additional 30 litres).

This allowance ensures you have financial support for travel-related costs, especially for those who need to travel long distances to work.

3. Children’s Education Allowance: Supporting Your Child’s Education

NABARD not only takes care of its officers but is also committed to supporting your family’s needs. Officers receive ₹7,000 per month for each child, up to two children. 

This children’s education allowance helps you manage educational expenses, ensuring your children have access to quality education.

4. Household Allowance: Supporting Your Home Needs

To make your work-life balance smoother, NABARD provides a household allowance of ₹5,000 per month. 

This allowance helps you cover domestic expenses, ensuring you have the financial backing for home-related costs, which can add up over time.

5. Sodexo Coupon: Monthly Food Benefits 

NABARD provides ₹3,600 monthly in Sodexo coupons. These coupons can be redeemed at various designated stores, including canteens and popular retail outlets like Big Bazaar, making it easier for you to manage your food expenses.

6. Internet and Newspaper Allowance: Stay Connected and Informed

To keep you connected and informed, NABARD offers a monthly internet allowance of ₹1,500 and a newspaper allowance of ₹800. 

This allowance is designed to help you stay up-to-date with the latest news and ensure you have a stable internet connection for work and personal use.

7. Mobile Allowance: Stay Accessible and Connected

NABARD provides ₹1,100 per month as a mobile allowance to cover your mobile call and data charges. 

This ensures you remain easily accessible for work purposes and helps you stay connected in the digital age without worrying about additional expenses.

8. Equipment Maintenance: For Smooth Work Operations

To ensure that your work-related equipment is always in top shape, NABARD provides a ₹500 monthly equipment maintenance allowance. 

This benefit covers the cost of maintaining office equipment, such as computers or any other essential tools required for your work.

All these monthly allowances amount to approximately ₹8 lakhs per annum, offering a boost to the overall salary of NABARD Grade A officers. 

Below, I have summarized the above-mentioned details for your better understanding:

Find out what makes the NABARD Grade A Officer Lifestyle so balanced and rewarding.

Apart from monthly allowances, NABARD Grade A officers are also entitled to annual allowances. 

NABARD Grade A Allowances: Annual 

The monthly allowances are just the start. NABARD also provides its Assistant Managers with annual benefits of ₹1 lakh per annum.

1. Book Grant Allowance: Empowering Professional Growth

NABARD offers a ₹7,000 annual book grant allowance to encourage continuous learning and professional development. 

This allowance helps officers acquire books and educational materials relevant to their roles and career growth.

2. Medical on Declaration: Supporting Health Expenses

As a NABARD assistant manager, you’ll receive an annual medical allowance of ₹13,000, which covers medical expenses based on self-declaration. 

This allowance ensures that officers can maintain their health and well-being without financial strain.

3. Briefcase Allowance: Support for Organizing Official Documents

To support work-related mobility and organization, NABARD provides a ₹4,000 briefcase allowance every year. 

This allowance helps officers maintain a professional appearance and ensures that they have the tools needed to stay organized.

4. Furniture Allowance: Supporting Home Comforts

The furniture allowance is ₹55,000 and is provided every 5 years to assist officers in purchasing or maintaining furniture for their living quarters. 

This allowance contributes to a comfortable and functional living space.

5. Spectacles Allowance: Eye Care Support

NABARD offers ₹9,000 for spectacles every 2 years. This benefit extends to the officer’s spouse as well, ensuring both the officer and their family members receive support for their eye care needs.

6. Leave Fare Concession (LFC): Encouraging Family Travel

LFC allowance provides ₹15,000 per person once every 2 years for a maximum of 4 dependent individuals. 

This facilitates travel during leave, encouraging relaxation and spending time with family.

The total of these allowances amounts to approximately ₹1,03,000 per year. These allowances collectively contribute to the NABARD Grade A officers’ compensation beyond their regular salary.

I have mentioned the above details summarized in the table below.

NABARD Grade A Officer Salary: Cost to Company (CTC)

NABARD Grade A CTC = Basic Pay + Compulsory Allowances + Other Allowances.

When you add up all the components, the salary package of a NABARD Grade A officer looks like this:

• Gross salary: Around ₹19.30 lakhs per year (₹1,60,699/month x 12)
• Monthly allowances: Approximately ₹8 lakhs per year (₹65,500/month x 12)
• Annual allowances: Around ₹1 lakh per year

This brings the total NABARD assistant manager CTC to approximately ₹28.3 lakhs per annum, or roughly ₹2.35 lakhs per month.

But does this mean you’ll get ₹2.35 lakhs in your bank account every month? Not exactly!

The ₹28.3 lakh CTC (₹2.35 lakh/month) includes many components that are not paid in cash every month.

After mandatory deductions, you’ll receive your in-hand NABARD Grade A officer salary (your take-home pay).

Let’s understand these deductions to see how your actual take-home salary is calculated.

NABARD Grade A In-Hand Salary 

The total gross salary of a Grade A officer is approximately ₹1,60,699. However, there is a deduction of around ₹21,324 from this amount.

Let’s discuss the components of deductions:

Important Points: 

• Whatever the deduction in NPS, NABARD will contribute an equal amount to your NPS account.
• The salary deduction can vary from officer to officer depending on the variations in allowances and claims.

The latest in-hand salary of a NABARD Grade A officer after all deductions is as follows:

After NPS contribution and tax deduction, a NABARD Grade A officer draws approximately ₹15.6 lakhs per annum.

What is the Salary During Training in NABARD Grade A?

During training, you receive the basic pay along with most allowances. However, some allowances may be adjusted, especially if accommodation or facilities are provided.

What is the salary during the probation period in NABARD Grade A? 

What is the Salary During Probation Period in NABARD Grade A?

During your 2-year probation, you receive the full salary, similar to a regular NABARD Grade A officer. This includes basic pay and applicable allowances, with minor adjustments if any facilities are provided.

What is the NABARD Grade A Salary After the 7th Pay Commission?

• The 7th Pay Commission does not directly apply to NABARD Grade A officers.
• NABARD follows a separate pay structure, similar to other regulatory bodies and financial institutions.
• NABARD salaries are revised periodically through internal wage revisions.

Let’s look at the NABARD Grade A salary slip to understand the in-hand salary after deductions from the total pay and allowances.

NABARD Grade A Salary Slip

Here’s a NABARD Grade A salary slip showing monthly components that make up your Gross Emoluments as a NABARD Grade A officer:

Important Note: DA is given as % of the NABARD Grade A basic pay, which keeps on varying.

For a detailed breakdown of components, check our NABARD Grade A salary slip article.

NABARD Grade A Salary: Additional Perks and Benefits

In addition to the attractive salary and allowances, as a NABARD Grade A manager, you will also enjoy a range of perks designed to provide you and your family with added security and peace of mind. 

These perks go beyond the financial compensation, ensuring a comfortable work-life balance and overall well-being.

Here’s a list of the additional perks available to NABARD Grade A officers: 

1. Loans at Concessional Rates

NABARD Grade A officers can avail loans for various purposes, such as children’s education, housing, car purchase, and even a personal computer, all at affordable interest rates of around 5.5% per annum. This makes managing personal finances much easier.

2. Medical Reimbursement for Family

As a NABARD Grade A manager, you can get reimbursed for your family’s medical expenses, ensuring that you and your loved ones receive the necessary medical support without financial stress.

3. Reimbursement for Higher Studies

If you wish to pursue higher education, even at prestigious institutions, NABARD supports your educational expenses. However, this perk is available once you’ve completed your probation period and have chosen a course that aligns with NABARD’s goals and objectives.

4. Group Term Insurance

To provide financial security for your family in case of any unfortunate events, NABARD offers Group Term Insurance to its Grade A officers. This benefit ensures that your family is supported in difficult times.

After understanding the perks of working as a Grade A officer in NABARD, let’s understand the leave policy.

Now that you have a clear picture of the financial rewards, let’s explore the responsibilities and opportunities that come with the NABARD Grade A Job Profile. 

NABARD Grade A Salary Increment

The official NABARD notification states that the pay scale for a NABARD Grade A Officer is:

₹62500 – 3600 (4) – 76900 – 4050 (7) – 105250 – EB – 4050 (4) – 121450 – 4650 (1) – 126100 (17) Years.

Here is a detailed explanation of the annual increment:

Starting Salary:

• You begin with a basic pay of ₹62,500.

First 4 Years:

• You’ll receive annual increments of ₹3,600 for the first 4 years.
• This brings your basic pay to ₹76,900 by the end of year 4.

Next 7 Years:

• After 4 years, your basic pay increases to ₹76,900.
• You continue to receive ₹4,050 annual increments for the next 7 years.
• This results in a basic pay of ₹105,250 by year 11.

Next 4 Years:

• After 11 years, your basic pay reaches ₹105,250.
• You continue to receive ₹4,050 annual increments for the next 4 years.
• This brings your basic pay to ₹121,450 by year 15.

Final Increment (After 15 Years):

• After 15 years, your basic pay reaches ₹121,450.
• You’ll receive an annual increment of ₹4,650 for the next 1 year.
• This brings your final basic pay to ₹126,100 after completing 16 years of service.

Maximum Salary:

• After completing 16 years of service, the maximum basic pay reaches ₹126,100.

Important Note: I have mentioned the annual increment on the basic salary as it is a fixed component for all the NABARD Grade A officers. In addition, you’ll receive various allowances that may vary based on your location and other factors.

I have summarized the above information in the table given below.

Now, let’s take a look at your salary after every 5 years as a NABARD Grade A officer. 

NABARD Grade A Officer Salary After 5, 10, 15, 20, & 25 Years

Here is the average salary of a NABARD Grade A officer after 5, 10, 15, 20, and 25 years:

Important Note: This is just the basic salary (without allowances). 

After understanding your salary progression, let’s learn about the promotion hierarchy.

NABARD Grade A Officer Promotions

NABARD offers ample promotion and career growth opportunities for the NABARD Grade A managers. Here’s an overview of the promotion hierarchy:

Important Note: Cracking the NABARD Grade A exam offers a fast-track career path. You’ll join as an assistant manager, which will put you a step ahead in the NABARD hierarchy.

1. NABARD Grade A Officer (Assistant Manager)

• Probation Period: Typically, there is a 2-year probation period for a NABARD Grade A officer, which can extend up to 1 year at NABARD’s discretion.
• Promotion: After completing 4 years, you become eligible for the role of a Grade B officer (Manager), as this promotion is not based on the available vacancies. 

2. NABARD Grade B Officer (Manager)

• After completing at least 5 years as a Grade B officer, you will become eligible to apply for the post of the NABARD Grade C officer, provided there is a vacancy.
• This promotion involves an interview but no written test of any type.

3. NABARD Grade C Officer (Assistant General Manager)

• After completing at least 4-5 years as a Grade C officer, you become eligible for the post of Grade D officer.
• This promotion involves both an interview and a written test.

4. NABARD Grade D Officer (Deputy General Manager)

• After serving as a Grade D officer for at least 4 years, you become eligible to apply for the post of NABARD Grade E officer.
• This promotion is not vacancy-based and involves an interview.

5. NABARD Grade E Officer (General Manager)

• After completing around 4-5 years as a Grade E officer, you become eligible for the post of Grade F officer.
• Whether you will get promoted as a Grade F officer entirely depends on your performance and career profile at NABARD.

6. NABARD Grade F Officer (Chief General Manager)

• There is no set duration for which you must serve as a Grade F officer to get promoted to Deputy Managing Director.
• Also, no written test is involved. The government of India directly appoints the Deputy Managing Director at NABARD.

7. Deputy Managing Director

• Once you are the Deputy Managing Director, you’re just one step from reaching the highest post in NABARD: Chairperson.
• However, the appointment of the Chairperson is entirely in the hands of the government.

8. Chairperson

• The Chairperson post is the highest position in NABARD, where you’ll have the ultimate responsibility for the institution’s operations and direction.

I have summarized all the information discussed above in the table below.

Post-Retirement Benefits for NABARD Grade A Officers

NABARD officers receive various benefits even after the completion of their services. Here are the post-retirement benefits NABARD officers get:

1. Pension (NPS)

NABARD Grade A officers are entitled to a pension post-retirement:

• Officers who joined after the implementation of the National Pension System (NPS) will receive their pension under the NPS. 
• Officers who opted for the earlier pension scheme will receive a fixed monthly pension based on their salary at the time of retirement. 

2. Gratuity

NABARD Grade A officers get a gratuity (lump sum) when they retire as a reward for their service. Not every NABARD Grade A officer will receive the same gratuity. The actual amount usually depends on the employee’s last salary, tenure, etc.

3. Leave Encashment

Upon retirement, you can encash (exchange your leaves for cash) your unutilized leaves at NABARD.

Now, let’s compare the salary of a NABARD Grade A officer with that of other government services and organizations.

Crack the exam with an effective, practical NABARD Grade A Preparation Strategy.

Now, let’s compare the salary of an NABARD Grade A officer with other competitive exams.

NABARD Grade A Salary Comparison with Other Exams

You now know the salary structure, allowances, and overall benefits of a NABARD Grade A officer. 

But how does it compare with other government jobs?

Let’s take a look at how the NABARD Grade A salary stacks up against other popular exams.

IAS Vs NABARD Grade A Salary

Here is the comparison between the salary of an IAS officer and a NABARD Grade A officer:

RBI Grade B Vs NABARD Grade A Salary

Take a look at the comparison between the salary of a NABARD Grade A officer and an RBI Grade B officer:

SEBI Grade A Vs NABARD Grade A Salary

Shared below is the comparison between the salary of a SEBI Grade A officer and a NABARD Grade A officer:

IRDAI Grade A Vs NABARD Grade A Salary

Shared below is the comparison between the salary of an IRDAI Grade A officer and a NABARD Grade A officer:

Bank PO Vs NABARD Grade A Salary

Look at the comparison between the salary of a Bank PO and an NABARD Grade A officer:

*A regular SBI PO has a basic pay of ₹36,000. However, due to 4 advance increments, the starting basic pay becomes ₹41,960.

These increments are not promotions; they simply raise your starting salary.

SSC CGL vs NABARD Grade A Salary

Here is the comparison between the SSC CGL officer and a NABARD Grade A officer’s salary:

Can a NABARD Grade A Officer Earn ₹1 Crore Salary?

Before I answer that, here are the main types of increments you get over the years:

Types of Increments

• Basic Salary Increment: Yearly (with regular increase)
• Dearness Allowance (DA): Revised periodically
• Pay Revision: Every few years
• Promotions: First promotion after a few years, then at regular intervals

With an average increment of 12 to 15%, the NABARD Grade A salary is expected to double in around 7 years.

For example, if you start with a gross salary of around ₹19-20 lakh per year:

• After 7-8 years, your gross salary will be around ₹35-40 lakh per annum.
• After 14-16 years, your gross salary can reach up to ₹80 lakh to ₹1 crore+ per annum.

So, yes, reaching a ₹1 crore annual salary is possible in NABARD.

Life with a NABARD Grade A Officer Salary

A NABARD Grade A salary is more than sufficient for a comfortable lifestyle.

• During the 2-year probation period, NABARD Grade A officers are usually posted in cities away from their home state.
• After probation, you’ll typically be posted in tier-1 and tier-2 cities, often in state capitals.
• After probation, postings are generally in Tier 1 and Tier 2 cities, especially state capitals, allowing you to contribute to rural development while enjoying urban comforts.

Tier 1 Cities (Delhi, Mumbai, Bangalore)

• Higher cost of living (rent, travel, lifestyle)
• Comfortable lifestyle, but less savings compared to smaller cities
• If you opt for official accommodation, savings increase significantly

Tier 2 Cities (Jaipur, Lucknow, Chandigarh)

• Moderate cost of living
• You can enjoy a very comfortable lifestyle + good savings
• Better balance between expenses and perks

With a high in-hand salary, regular increments, and multiple perks like accommodation, medical benefits, and concessional loans, you can maintain a stable and financially secure life.

NABARD Grade A Salary vs Workload

While the workload can be demanding at times, NABARD generally follows a structured 9 to 5 work schedule.

The organization emphasizes work-life balance and employee well-being, allowing you to maintain a healthy personal and professional life.

Overall, the salary justifies the workload, making NABARD Grade A a highly rewarding career option.

Final Take: Is the NABARD Grade A Salary Worth the Effort?  

After exploring all aspects of the NABARD Grade A officer salary, including allowances and career growth potential, the answer is a resounding YES!

With a salary package starting at around ₹28.3 lakhs per annum, NABARD Grade A offers one of the best salary packages with financial security. Along with a handsome salary, you also get regular increments, promotions, and multiple perks, making it financially rewarding in the long run.

More importantly, the role offers job stability, work-life balance, and meaningful work in the rural development sector.

If you’re willing to put in the effort, the NABARD Grade A exam rewards you with financial security, career growth, and a fulfilling career.