Grade Pay or Pay Scale associated with NABARD Grade B post

The National Bank for Agriculture and Rural Development (NABARD) is a financial institution that focuses on agricultural and rural development in India. It conducts recruitment exams for various posts, including the Grade B officer position. The Grade B officer post in NABARD is a prestigious position that offers a good salary and growth opportunities. The pay scale for NABARD Grade B officers is determined by the 7th Central Pay Commission.

Pay Scale for NABARD Grade B Officers:
The pay scale for NABARD Grade B officers is as follows:

- Initial Basic Pay: Rs. 35,150 per month
- Pay Level: The Grade B officer post in NABARD falls under Pay Level 2
- Grade Pay: There is no specific grade pay associated with the Grade B officer post in NABARD

Benefits and Allowances:
Apart from the basic pay, NABARD Grade B officers are entitled to various benefits and allowances, which further enhance their overall salary package. Some of the benefits and allowances include:

- Dearness Allowance (DA): It is a cost of living adjustment allowance that is calculated as a percentage of the basic pay and is revised periodically.
- House Rent Allowance (HRA): NABARD Grade B officers are provided with HRA, which varies depending on the posting location. It can be 9%, 8%, or 7% of the basic pay, depending on whether the officer is posted in a metro city, a big city, or any other location, respectively.
- Medical Allowance: NABARD Grade B officers are eligible for reimbursement of medical expenses as per the rules and regulations of the organization.
- Leave Travel Concession (LTC): Grade B officers are entitled to LTC, which allows them to travel with their family to any part of the country once in two years and claim reimbursement for the same.
- Pension and Gratuity: NABARD Grade B officers are eligible for pension and gratuity as per the rules of the organization.

Conclusion:
The Grade B officer post in NABARD offers a competitive salary package, along with various benefits and allowances. The pay scale for Grade B officers is determined by the 7th Central Pay Commission, and the initial basic pay is Rs. 35,150 per month. Additionally, officers are entitled to benefits such as DA, HRA, medical allowances, LTC, and pension and gratuity. Overall, the Grade B officer post in NABARD provides a financially rewarding career opportunity.