RBI Security Guard Salary 2024 – Check In-hand and Gross Salaries of Reserve Bank of India Security Guards

Reserve Bank of India conducts the RBI Security Guard Exam to recruit eligible candidates for the position of a security guard. Those who are looking to apply should know and understand RBI Security Guard salary. The starting basic pay for RBI Security Guard is Rs 10,940/- and it gradually increases over the years.

Apart from the salary, the RBI security guard salary package also includes various parks. Some of the major allowances and benefits are “Dearness Allowance, House Rent Allowance, Local Compensatory Allowance, Transport Allowance, Washing Allowance, etc.”

RBI Security Guard Recruitment 2024 Overview

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RBI Security Guard Salary Structure

Initially, the basic salary will be Rs. 10940/- and it will increase by Rs. 380/- per year for the first four years. Then, by Rs. 440/- per year for the next three years.

In simple words, we can say that all selected candidates for this post of Security Guard under RBI receive a basic salary range between Rs. 10,940 to Rs. 23,700. 

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Here is the RBI Security Guard pay scale structure

Benefits and Allowance Given to RBI Security Guards

There are many monthly allowances given to the security guards who work for the Reserve Bank of India. These allowances are provided in addition to the basic salary. All candidates who will get selected for the security guard position will get these allowances. Here is the list of allowances.

• Dearness Allowance – 21% of the basic salary
• Transportation Allowance
• House Rent Allowance – 10% of the basic salary
• Personal Fixed Allowance
• Local compensatory allowance – 3% to 5% of the basic salary based on the job location.
• Shift Allowance
• Special functional allowance
• Grade allowance
• Washing Allowance

Other Perk and Benefits

In addition to the allowances mentioned above, an RBI employee is also entitled to get the following benefits. Please note that most of these allowances are subject to availability.

• Accommodation (Subject To Availability)
• Reimbursement of educational expenses
• Interest-Free Loan
• Reimbursement of newspaper bills, cost of spectacles, house furnishing and book grant.
• Car insurance, GSLI, conveyance allowance etc. will be reimbursed based on the eligibility of the individual.
• Dispensary Facility
• Reimbursement of medical expenses for hospitalisation/ OPD treatment on the basis of eligibility
• Festival Bonus
• Leave Rent Concession (For self, spouse and other eligible dependents).
• Loans and advances at concessional interest rates for housing, education, cars, personal computers and consumer goods.
• RBI Security Guards are also covered under the ‘Defined Contribution New Pension Scheme (NPS)’.

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In-hand Salary

In-hand salary is the amount of money that RBI Security Guards receive in their hand at the end of a month.This is the amount we get after deducting the taxes and adding allowances to the basic salary. You can check a dummy RBI Security Guard Salary Slip given below.       

RBI Security Guard Probation Period 

The RBI Security Guard Probationary Period is a 2-year period during which the new guard will have to prove his or her worth. The probationary period is designed to make sure that new guards are up to the task of protecting the RBI.

During the probationary period, new guards will be required to complete certain tasks and have regular meetings with the head of security.

Please note that the 2 years probation period also includes 15 weeks of training at Reserve Bank Staff College.

Job Profile and Duties

• As an RBI Security Guard, you would be responsible to protect the person, building and properties associated with RBI.
• You would also need to monitor the alarms and surveillance systems of the premises.
• In case you find anything disputable then you should write and report it to the higher authorities.
• You will be the first point of contact in case of an emergency on the property.
• A security guard must be able to communicate with people in the local language.
• Watch for and prevent theft, vandalism, and other criminal activity.
• Serve as a first line of defence against intruders or hostile individuals.
• Help evacuate people from the building in case of emergency
• You may also need to provide CPR and First Aid.

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Frequently Asked Questions