Allowances and Benefits in NABARD Grade B:

There are various allowances and benefits mentioned in the notification for NABARD Grade B. These allowances and benefits are provided to the employees to ensure their well-being and motivation. Below are the details of the allowances and benefits offered:

1. Dearness Allowance (DA):
- DA is provided to employees to offset the impact of inflation on their salaries.
- It is revised on a quarterly basis and is based on the All India Consumer Price Index (Base 1960=100).

2. House Rent Allowance (HRA):
- HRA is given to employees to meet their rental expenses.
- The amount of HRA varies depending on the location of the employee's posting.
- It is classified into three categories: 9%, 8%, and 7% of the basic pay for metro, urban, and rural areas respectively.

3. City Compensatory Allowance (CCA):
- CCA is provided to employees who are posted in metropolitan cities.
- It is given to compensate for the higher cost of living in these cities.

4. Grade Allowance:
- Grade allowance is provided to employees in recognition of their grade and position in the organization.
- The amount of grade allowance varies based on the grade of the employee.

5. Special Allowance:
- Special allowance is given to employees to compensate for certain job-related requirements.
- The amount of special allowance varies depending on the employee's job profile and responsibilities.

6. Leave Travel Concession (LTC):
- LTC is provided to employees to cover their travel expenses during leave.
- It can be availed once in two years for self and family members.
- The amount of LTC depends on the employee's grade and position.

7. Medical Benefits:
- Employees are entitled to medical benefits for themselves and their dependent family members.
- This includes reimbursement of medical expenses and access to medical facilities.

8. Provident Fund (PF):
- Employees contribute a part of their salary towards the provident fund.
- The employer also contributes an equal amount.
- The PF amount is accumulated over the years and can be withdrawn by the employee after retirement.

9. Pension:
- Employees are eligible for pension benefits after completing a certain number of years in service.
- The pension amount is calculated based on the average emoluments and years of service.

In addition to these allowances and benefits, employees of NABARD Grade B also enjoy other perks such as loan facilities, reimbursement of telephone bills, and access to staff quarters. These allowances and benefits ensure the financial stability and overall well-being of the employees.