u/InsectAlternative844

So, this is the biggest selling point for everyone ,who is confused between RBI, MBA, IES, or GATE, NET, IIT JAM. Why?

Because this make us feel like we don't have to choose between MBA or RBI, we can just go into RBI and then do MBA for free.

Some reality checks

1. 5 years (to apply for this) +2 years (mba) +5 yrs (bond) = 12 yrs atleast to utilise the mba

2. It's very competitive RBI hires almost 100-150 very year (till 45 age ) almost 2000 people are there , also promoted ones from assistant level , so among this 5-8 people . 0.2% success rate.

Few questions I wanna ask to end this discussion for once or forever

1. If someone is doing 1.5 cr + lining expenses (50 L) = 2 cr, will RBI pay whole 1.5 cr fees or there is a upper limit

2. Will the person get his salary, allowance and nps contribution during this period?

3. Can someone work as a TA (PhD case) + do internship, and make extra money during this period

Answer if you know, ignore if you don't

Edit 1: this is not a comparison post, just answer if you know the rules otherwise ignore and it's not specifically about mba, but any degree

My sister , got admission in sibm nagpur this ,year fees is 25 L and median package is :12.5 lpa, can anyone suggest , what she can do, to get the best opportunities?

After watching 1.5 crore videos with different figures on RBI grade B salary, if you guys find anything incorrect in this list, please correct in the comment section

Basic pay: 78450

DA:(25%) : 15750

Special allowance:28000

Family allowance:4050

Local allowance:4800

Grade allowance:15100

Leaning allowance: 3300

Fuel allowamce: 21000

Total : 170450

Other monthly allowances:

Househelp:6500

Equipment allowance:2000

Landline allowance:1400

Sodexo (quarterly 15000):5000/month

Newspaper:3500/month

Internet :3500/month

Total: 21900

Salary + monthly allownaces: 192350

After JAIIB + CAIIB:

3 increments :3*4050: 12150+ DA = 3050 = 15200

After JAIIB + caiib monthly salary: 207550.

Yearly allowances:

Medical allowance:13000 (1000/month)

LFC : (upto 4 dependents) (not including this in package )

Furniture allowances:3.25 /5 year (but those furniture will belong to RBI and bill needed for reimbursement so not including this in package too)

Spectacle allowance: bill needed (not including in package)(for self and spouse)

Children education allowance:13500/month (upto two kids)

Total package (monthly +salary + yearly allowance):

2491900

NPS contribution:

14% of basic (without JAIIB + caiib): 131800

14% basic (with JAIIB + caiib) : 152200

Package (salary + allowance+ nps) (with JAIIB+ caiib) : 2644100

Package (without JAIIB + caiib) : 2416150

(Excluding House allowance+ children education allowance + LFC + furniture allowance+ spectacle Llowance)

So this will be your package

Lifestyle expectation:

1. Taking RBI quarter (with gym, sports club , parking, EV charging station)

2. Using full LFC and going on trips

3. Using holiday homes and living in 4 star hotel at 100/ day

4. RBI colony community hall (10000/ day) which will cost 2 lakh / day in normal banquets

5. Medical limit :80000/ year.(OPD)

6. Daily allowance:3500 , when on official trips ( dept of supervision mostly)

7. Housing loan :20000000 at 5% (adding 35-40k per month in your salary)

8. Annual full body checkups and full coverage in case of hospital admission

9. Transfers: mumbai (5 year first posting) + then you can request home state (and if you are someone from Chennai or kolkata with big regional office you can get a dept transfer after 3 years , so total : 6 yrs)( grade D onwards this mostly depends on vacancies)

10. Staff buses are common , colony to office in kolkata and mumbai colonies

11. Retirement funds almost (people who retired in 2025 with 30-32 year experience): 6 cr + leave encashment+ gratuity (20 lac) + pension ( 1.5 lac)+ health insurance for self and spouse till death + access to LTC even after retirement (smaller amount)

12. All prequesties are tax free, tax will be paid on your behalf by rbi

Promotions:

Grade B to C : 7 years ( time based)

Grade C to D: 5 years (written exam + interview)

Grade D to E : 4 years ( minimum)

Grade E onwards almost 4 years minimum but depends on vacancies.

Real package of RBI (to get all facilities of RBI grade B being a private employee)( family of 4)

Package : 2644100 (with JAIIB + caiib)

Health + life insurance like RBI (monthly investment): 10000/month :1.2 lakh

HRA : 30k : 3.6 lakh

Gym (self and spouse)(3k) + house maintenance (3k)+ sports (2k) + canteen facilities (3k-4k)+ free water (0.5k) + house repairs (2k) : 13k : 1.7 lakh

Children education allowance : 27000 (two kids) + 8000 (book grant) (annually) to give 27k fees a private employee need to earn 38k give 30% tax on that : 38*12 + 10K = 2.66 lakh

LFC : 1.24*4 = 5.76 ( to spend this much private employee need to earn 7.5 lakh )

Holiday homes : 4000/ day vs 100/ day so : 50k more saved atleast per year

Furniture allowances :65000/ year (80k need to earn to pay 65k)

Total real package : 44 lakh ( real amount a private employee need to earn for same salary and lifestyle as an RBI grade B)

If you will lad house loan benefits in this :

40k monthly saved :4.8 lakh yearly

Total package + home loan :48.8 lakh (this is the real value of RBI grade B salary + job security + no bonus problem like private employees need good rating to get full bonus)

Correct if I was incorrect anywhere! And end this debate for once and forever

Working in offshore ONGC from 1 year, I wanna know chances that after 4-5 years in ONGC, as ana electrical engineer chances of getting hired in saudi Aramco in 28/28 on off role?

I am working ONGC as an electrical engineer in Mumbai offshore from last one year, is there any chances that saudi Aramco will hire me after 4-5 years of service what are the chances?

I am working in one of the best PSUs of india, 30+ lpa package, from my childhood I wanted to be a part of international organisations like IMF, bis and world bank. I wasn't aware of how to get into these. I am just a btech, I know for direct entry PhD is required, I can't do PhD now, I need money. So, what I thought is joining RBI, which pay almost similar amount kr little higher than my current organisation. And then complete my PhD or try to get foreign deputations.

Also I have gate under 20 rank, will that help in getting advance incremnets?