The National Bank for Agriculture and Rural Development (NABARD) is an apex financial institution in India that focuses on uplifting the agriculture and non-farm sectors in rural India. It provides credit in these areas for encouraging financial inclusion policies of the Indian government for the country’s economic growth. Established in 1982, the development bank is headquartered in Mumbai. It has branches all over India including in Hyderabad, Port Blair, Patna, Lucknow, Ahmedabad, Chandigarh and Bhubaneshwar. NABARD also has training institutions in Bolpur, Lucknow and Mangalore, where they provide training to its staff member on various topics like co-financing, disaster management and software development. As on 31st March 2011, the bank’s total number of staff was 4607. NABARD has its own recruitment processes.
Scope for Jobs in NABARD
Salaries at NABARD are dependent on the grade of the officers and different groups of employees. For instance a group B employee that includes positions namely Development Assistants, Assistant Caretakers and Pharmacists start with a monthly basic pay scale of Rs. 8040 and in 20 years can reach up to Rs. 20100 plus other emoluments.
|Group||Position Names||Starting Salary (Basic pay) per annum|
|A||Assistant Manager (Grade A) and Private Secretary||Rs. 2.05 lakhs|
|Manager (Grade B) and Senior Private Secretary||Rs. 2.52 lakhs|
|Assistant General Manager (Grade C)||Rs. 3.40 lakhs|
|Deputy General Manager (Grade D)||Rs. 4.78 lakhs|
|General Manager (Grade E)||Rs. 5.07 lakhs|
|Chief General Manager (Grade F)||Rs. 7.27 lakhs|
|Executive Directors||Rs. 9.00 lakhs|
|B||Development Assistant (in Hindi, Word Processing, Indian language Word Processing, Telephone, Data Processng, Telex), Caretaker, Draftsmen, Secretarial and Pharmacist||Rs. 96,480|
|C||Maintenance Attendant, Office Attendant, Special Office Attendant, Driver etc.||Rs. 76,200|
*data from NABARD website
Change of Salaries based on Years of Experience
Remuneration of NABARD employees increment on a yearly basis not only depending on the number of years of service, but also on their grades and employee groups.
- Increments for Group C employees range between Rs. 220 to Rs. 680 in a span on 20 years, depending on the number of service years.
- Group B employees also enjoy steady rise in increments in a span of 20 years, ranging between Rs. 410 to Rs. 990, depending on number years worked in the company.
- Group A enjoys a higher amount of increment, ranging from Rs. 1000 to 2000 every year, depending on officer grade, service years and performance.
Needless to mention, the pay packet acts as a major incentive for employees to motivate themselves for the best, and packages at Adobe are carefully designed to that end. Due hikes at crucial junctures are meant to reward employees amply for their valuable contribution to the success of the concern:
Here is a change in salaries for Group A officers.
|Position Names||Increments Range||Span of Years|
|Assistant Manager (Grade A) and Private Secretary||Rs. 1000 to Rs. 1100||17 years|
|Manager (Grade B)||Rs. 1000 to Rs. 1100||16 years|
|Assistant General Manager (Grade C)||Rs. 1000 to Rs. 1150||13 years|
|Deputy General Manager (Grade D)||Rs. 1200 to Rs. 1300||6 years|
|General Manager (Grade E)||Rs. 1300 to Rs. 1600||8 years|
|Chief General Manager (Grade F)||Rs. 1600||5 years|
|Executive Directors||Rs. 2000||3 years|
|Senior Private Secretary||Rs. 400 to 1150||21 years|
*data from NABARD website
Other Emoluments in addition to Salary at NABARD
NABARD offers a number of allowances to all its employees. These include the following:
- Scientists in Pay Band 4 with Pay Scale of INR 37400- 67000 and Grade Pay of INR 10, 000 and INR 12,000 or above (Apex Scale +HAG)- INR 30,000 per year
- DA (Dearness Allowance)
- HRA (House Rent Allowance)
- CCA (City Compensatory Allowance)
- Family Allowance
- Conveyance Allowance
- LFC (Leave Fare Concession)
- Medical Facilities
Last Updated: 16/10/2013