Does RBI comes under bipartite settlement?
Reserve Bank of India RBI staff wages are decided through a bipartite settlement once in five years through negotiations between management and employee unions. The current round of wage revision is pending since November, 2017.
What is the salary of assistant manager of RBI?
Average Reserve Bank Of India Assistant Manager salary in India is ₹ 16.6 Lakhs for employees with experience between 4 years to 31 years….Assistant Manager Salary in Companies Similar to Reserve Bank Of India.
Company Name | Avg. Salary |
---|---|
Reserve Bank Of India Assistant Manager salary (13 Salaries) | 16.6L |
How often does the RBI revise the pay of its employees?
For banks, insurance companies, pay revision mostly takes place every five years in the form of a wage settlement. RBI is an autonomous body it does not have to depend on recommendation of pay commission to revise the pay. Earlier, before the revision the starting basic pay of 21000/- per month.
How is the wage settlement done in RBI?
In RBI the wage settlement is done independently by negotiation between the RBI Employees Association and the management. The pay scale and settlements of RBI are different from that of the other public sector banks (PSB), however the settlement happens every five year as it happens in PSBs.
When is the next pay revision due for government employees?
The Next Wage Revision i.e 11 Bipartite Settlement is due from 1st November 2017 For central government employees, the pay revision takes place every 10 years as per the recommendation of the pay commission set up by the government to advise it regarding pay revision. State governments follow the same procedure.
What is the salary of a Grade B officer in RBI?
Keeping in view the growth in Salary of Grade B Officer and others in RBI in the last 8 years, since 2010, I estimate it would be around 5–6 Lakh per month including dearness allowance. Some other Perks will be additional. This is pure guess. Presently, A Grade B officer of RBI gets basic pay of Rs. 35,150/- per month.