The National Bank for Agriculture and Rural Development (NABARD) is a financial institution which 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. It was Established in 1982 and it’s headquartered in Mumbai. It has branches across 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 the staff members 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.

Salary in NABARD according to the groups

There are six group in NABARD, namely : A, B and C. A group includes all officers of grade A to F. Group B includes all assistant level employees and in group C includes maintenance and caretaker employees. The salary of group B is same for all employees. The salary for group C employees is also same for all employees. The difference in their salary comes through years of experience.

Salary of Group A employee in NABARD

Group A includes the all the officer level employees from director to managers and officers. The salary of those employees is shown in the following table.

Group Designation Salary Scale
A Assistant Manager/ Private Secretary Rs 17100-Rs 1000(11)- Rs28110 EB-Rs 1000(4) Rs 32100 – Rs 1100(1) – Rs 33200(17 years)
B Manager/ Officer Rs 21000-Rs 1000(9)- Rs 30000 EB-Rs 1000(4) Rs 32100 – Rs 1100(1) – Rs 36400(16 years)
C Assistant General Manager Rs 28350 – Rs 1000(5) – Rs 33350 – Rs 1150(4) – Rs 37950 – EB -Rs 1150(3) – Rs 41400(13 years)
D Deputy General Manager Rs 39850 – Rs 1200(2) – Rs 42250 – Rs 1300(3) – Rs 46150(6 years)
E General Manager Rs 42300 -Rs 1300(3) – Rs 46200 – Rs 1400(3) – Rs 50400 – Rs 1600(1) – Rs 52000(8 years)
F Chief General Manager Rs 60600 – Rs 1600(4) – Rs 67000(5 years)
Executive Director Rs 75100(1) – Rs 2000(2) – Rs79100(3 years)
Sr Private Secretary and Principal Private Secretary Rs 21000 -Rs 1000(9) -Rs 30000 – EB – Rs 1000(2) – Rs 32000 – Rs 1100(4) – Rs 36400 – EB – Rs 400(1) – Rs 36800 – Rs 1150(4) – Rs 41400(21 years)

Salary of Group B employee in NABARD

B Group includes employees which are in the assistant level. These are also divided into four categories. First includes development assistants and assistant caretaker. Second category includes draftsmen and third includes secretarial and pharmacist. Salary for this group is same. Their basic pay is Rs 8,040 to Rs 9,270 per month for first four years with increment of Rs 410 to Rs 500 per year. After 4 years of their work pay scale becomes Rs 11,270 to Rs 13,470 for next four years. Afterward, their salary range becomes Rs 16,140 to Rs 20,100 for next 20 years with increment of Rs 990 per year.

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 & 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
  • Gratuity
  • Pension
  • LFC (Leave Fare Concession)
  • Medical Facilities