Allowances and Benefits in NABARD Grade A Notification

Overview:
The National Bank for Agriculture and Rural Development (NABARD) conducts the recruitment examination for the post of Grade A officers. The notification released by NABARD provides detailed information about the allowances and benefits offered to the selected candidates. Let's take a closer look at the allowances and benefits mentioned in the notification.

Basic Pay:
The basic pay for NABARD Grade A officers is Rs. 28,150 per month. This is the starting pay scale for Grade A officers and is subject to revision as per the rules and regulations of the bank.

Allowances:
1. Dearness Allowance (DA): The DA is revised quarterly and is based on the Consumer Price Index (CPI). It is calculated as a percentage of the basic pay and helps employees cope with the inflationary trend in the economy.

2. House Rent Allowance (HRA): The HRA is provided to officers to meet their rental expenses. It varies according to the place of posting and can be 9%, 8%, or 7% of the basic pay, depending on the location.

3. City Compensatory Allowance (CCA): The CCA is provided to employees who are posted in metropolitan cities to compensate for the higher cost of living. It is fixed at a certain percentage of the basic pay.

4. Special Allowance: NABARD provides a special allowance to its Grade A officers. The amount of this allowance is not specifically mentioned in the notification.

Bonus and Perquisites:
1. Provident Fund: NABARD officers are entitled to the benefits of the Contributory Provident Fund (CPF) scheme, which allows them to save a portion of their salary for retirement.

2. Gratuity: Officers are eligible for gratuity as per the rules of the bank. The amount of gratuity is based on the length of service and the last drawn salary.

3. Medical Reimbursement: NABARD Grade A officers are entitled to medical reimbursement for themselves and their dependents. The reimbursement amount is subject to a maximum limit as per the bank's rules.

4. Leave Travel Concession (LTC): Grade A officers are eligible for LTC benefits, which allow them to travel with their family members to their home town or any other specified destination.

Conclusion:
The NABARD Grade A notification provides information about various allowances and benefits offered to the selected candidates. These include basic pay, allowances like DA, HRA, CCA, and a special allowance. Additionally, officers are entitled to benefits like provident fund, gratuity, medical reimbursement, and leave travel concession. These allowances and benefits make the job of a NABARD Grade A officer attractive and lucrative.