The deputy governor appointments are made for an initial period of three years and the person is eligible for reappointment. Kanungo, whose term was to end on April 2, had taken charge as a deputy governor in April 2017. So till November 30, 2016, Patel received a total of Rs. Rajan demitted office on September 4, and was given Rs 27,933 as remuneration for four days. Kolkata, Noida, Gurgaon, For October — the first full month Patel was in office as governor — Patel got Rs 2.09 lakh as his salary, the same amount drawn by Rajan in August. The RBI's other three deputy governors are B P Kanungo, M K Jain and Michael Debabrata Patra. Bengaluru, Hyderabad, Bhopal 2 Vice-President ₹ 400,000 (US$5,600) + Other allowances fixed to Vice President of india 3 Prime Minister ₹ 280,000 (US$3,900) (salary received as a Member of Parliament in Lok Sabha or Rajya Sabha) Earlier this year, the government extended Kanungo's tenure by a year with effect from April 3, 2020. RBI governor Urjit Patel gets Rs 2 lakh salary per month, no support staff at residence. The increase in the basic itself would take his gross pay to nearly Rs 3.70 lakh. The payscale is s. 35150 – 1750 (9) – 50900 – EB – 1750 (2) – 54400 – 2000 (4) – 62400. The RBI's other three deputy governors are B.P. NEW DELHI: A search panel headed by the cabinet secretary is scheduled to interview shortlisted candidates on August 7 for the post of RBI deputy governor, sources said. Along with the CTC, various emoluments & allowances are given. The RBI, however, did not disclose the new gross pay for Patel and his deputies following the revision in basic pay. Currently, the RBI Grade B Officer recruitment for the year 2019 is ongoing. RBI Grade B Salary & Perks. The current Governor Das also draws the same basic salary of Rs 2.50 lakh per month as per the RBI data for June 30, 2019. At the end of November last year, Gandhi, Mundra and Vishwanathan were taking home a basic pay of Rs 80,000 per month. Rajan assumed the charge as RBI governor from September 5, 2013, at a monthly salary of Rs 1.69 lakh. Get complete information on RBI Grade B Officer Salary 2020. Copyright © HT Media Limited All rights reserved. More RBI News I warned you before: Rahul Gandhi slams Centre over RBI report Also Read: RBI to introduce new Rs 10 notes with more security soon. In response to a query by PTI under the Right toInformation (RTI) Act, the central bank has now disclosed that as per a Finance Ministry communication, dated February 21, the basic pay of the Governor and Deputy Governors have been revised. The income gradually increases with time and experience in the job. At present, the RBI has three deputy governors -- B P Kanungo, M K Jain and Michael Debabrata Patra. With the earlier basic pay of Rs 90,000, Patel got a DA of Rs 1,12,500 and ‘other payments’ of Rs 7,000 -- totalling to a gross pay of Rs 2,09,500. Following the revision, the basic pay of the Governor stands increased to Rs 2,50,000 per month while the same for a Deputy Governor would be Rs 2,25,000, RBI said. The salary of an RBI governor is INR 2.5 lakhs (per month) The central government appoints governors and DY governors The logo of Reserve Bank is inspired by the Gold Coin of the East India Company List Of RBI Governors From 1935 2020 The former RBI Governor was paid an approximate salary of ₹1.69 lakhs per month during his tenure between August 2013 and September 2016. The deputy governor gets a fixed salary of Rs 2.25 lakh per month plus allowances. , Chandigarh , Dehradun, Delhi, Mumbai, Following the revision, the basic pay of the governor stands increased to Rs 2,50,000 per month while the same for a deputy governor would be Rs 2,25,000, RBI said. For such allowances, in hand salary, a candidate must prepare for the exam with proper knowledge of concepts as per RBI Grade B Syllabus. Kanungo, whose term was to end on Apr. RBI governor Urjit Patel and his deputies have got a big pay hike, with the government more than doubling their basic salary to Rs 2.5 lakh and Rs 2.25 lakh per month, respectively. It was not clear whether Rajan, who left RBI on September 4, 2016, would be eligible for arrears as the basic pay for governor has been revised retrospectively while covering little more than nine months of his tenure. Until 2016, the basic pay of an RBI Governor was Rs.90,000 which was increased two times by the Government in 2017. 3, 2020. The deputy governor appointments are made for an initial period of three years and the person is eligible for reappointment. BNAT; Classes. Salary of deputy RBI governors Besides the cabinet secretary, other members of FSRASC include the RBI governor, financial services secretary and two independent members. Rs 77,208. His salary was revised to Rs 1.78 lakh and Rs 1.87 lakh respectively during 2014 and March 2015. Local Allowance. Candidates must keep themselves updated with the latest information regarding the RBI 2020 notification. The "basic pay of the Governor and Deputy Governors" have been revised retrospectively with effect from January 1, 2016 and marks a huge jump from Rs 90,000 basic pay so far drawn by the Governor and Rs 80,000 for his … The RBI's other three Deputy Governors are BP Kanungo, MK Jain and Michael Debabrata Patra. In response to a query by PTI under the Right to Information (RTI) Act, the central bank has now disclosed that as per a Finance Ministry communication, dated February 21, the basic pay of the governor and deputy governors have been revised. New Delhi: A search panel headed by the cabinet secretary is scheduled to interview eight shortlisted candidates on July 23 for the post of RBI deputy governor, sources said.The post had fallen vacant after senior-most deputy governor N S Vishwanathan demitted office three months ahead of his extended tenure on March 31 on health grounds after serving the monetary authority for 39 years. It was not clear whether Rajan, who left RBI on September 4, 2016, would be eligible for arrears as the basic pay for Governor has been revised retrospectively while covering little more than nine months of his tenure. NCERT Books. His salary was raised to Rs 2.09 lakh from Rs 2.04 lakh in January 2016. Earlier this year, the government extended Kanungo’s tenure by a year with effect from April 3, 2020. Acharya took charge in January this year. RBI Governor Urjit Patel and his deputies have got a big pay hike as the government increased their basic salary to Rs 2.5 lakh and Rs 2.25 lakh per month, respectively. Dearness allowance would be notified by the central government from time to time while “all other allowances (are) to be paid at existing rates as if the pay has not been received with effect from January 1, 2016”, the RTI reply said. His salary was hiked to Rs 2.09 lakh from Rs 2.04 lakh in January this year… RBI Grade B Salary Increments. RBI governor Urjit Patel and his deputies have got a big pay hike, with the government more than doubling their basic salary to Rs 2.5 lakh and Rs 2.25 lakh per month, respectively. Get Free Scholarship . BOOK FREE CLASS; COMPETITIVE EXAMS. Kanungo, whose term was to end on April 2, had taken charge as a deputy governor in April 2017. Earlier this year, the government extended Kanungo's tenure by a year with effect from April 3, 2020. RBI Grade B 2020 Pay Scale. This amount was same as drawn by his predecessor Raghuram Rajan in August that year. RBI not just offers job security, respect and a designation that many wish to attain, but also provides perks and allowances that act as an added advantage to the job profile. The initial RBI Grade B in-hand salary is INR 35,150. Still, their salaries are much lower than the top executives of various banks regulated by the RBI. At present, the RBI has three deputy governors -- B P Kanungo, M K Jain and Michael Debabrata Patra. With the RBI giving a green signal to defer loan repayment for three months, the ball is in the banks’ court to pass on the benefit to people, many of whom have been affected due to job loss and salary cuts in wake of COVID-19 crisis. At the end of November last year, Gandhi, Mundra and Vishwanathan were taking home a basic pay of Rs 80,000 per month. The pay hike is "with effect from January 1, 2016". Ranchi. Including DA and other allowances, it would go up to 53k. Along with the CTC, various emoluments & allowances are given. Dearness Allowance. RBI Grade B Notification And RBI Exam Date. His salary was revised to Rs 1.78 lakh and Rs 1.87 lakh respectively during 2014 and March 2015. Kanungo, whose term was to end on 2 April, had taken charge as deputy governor in April 2017. Acharya took charge in January this year. For how long Nizam culture should be glorified in independent India? The RBI at present has three deputy governors—BP Kanungo, MK Jain and Michael Debabrata Patra. Updated on - Sep 25th, 2020 | 05:24 PM by Rahil. The monthly emoluments of these top RBI officials include ‘basic pay’, dearness allowance and ‘other payments’, which totalled Rs 2,09,500 in case of Patel as on November 30, 2016, as per the latest information disclosed on the RBI website. Check the in-hand RBI Grade B Officer salary along with the job profile and career growth aspects in RBI. The pay hike is “with effect from January 1, 2016”. 24/7 Wall Street ranked the salaries of all 50 governors and found California pays Governor Newsom $201,680, and that will increase to around $210,000 in … The “basic pay of the governor and deputy governors” have been revised retrospectively with effect from January 1, 2016 and marks a huge jump from Rs 90,000 basic pay so far drawn by the governor and Rs 80,000 for his deputies. The monthly emoluments of these top RBI officials include 'basic pay', dearness allowance and 'other payments', which totaled Rs 2,09,500 in case of Patel as on November 30, 2016, as per the latest information disclosed on the RBI website. The monthly salary of these top executives of RBI included basic pay, dearness allowance (DA) and other allowances. All the Officers selected through RBI Grade B 2020 Exam will receive an annual salary range of 12-14 Lac. As per the RBI Act, the central bank should have four deputy governors -- two from within the ranks, one commercial banker and another an economist to head the monetary policy department. The RBI, however, did not disclose the new gross pay for Patel and his deputies following the revision in basic pay. Earlier this year, the government extended Kanungo's tenure by a year, with effect from Apr. Currently, RBI has four deputy governors -- R Gandhi, S S Mundra, N S Vishwanathan and Viral V Acharya. Now, as per wiki answers, How much salary of RBI… Now, as per wiki answers, How much salary of RBI… The "basic pay of the Governor and Deputy Governors" have been revised retrospectively with effect from January 1, 2016 and marks a huge jump from Rs 90,000 basic pay so far drawn by the Governor and Rs 80,000 for his deputies. Initial Monthly RBI Grade B Officer Gross Emolument.