NABARD Review 2021: Salary, Work-Life Balance, FAQ’s

NABARD has released an official requirement for the year 2021 for Grade A and B services.

In this regard, we are sharing an article on NABARD review 2021.

We have tried to answer some of the queries in the form of Frequently Asked Questions, which we have collected from various sources over the internet.

NABARD Review FAQ

The following are some of the most frequently asked questions about NABARD Recruitment 2021:

What is NABARD and its functions?

As a Development Bank, NABARD is responsible for providing and regulating loans and other services in rural regions for the promotion and development of agriculture, small scale enterprises, cottage and village industries, handicrafts and other rural crafts, and other connected economic activities.

What is NABARD Grade B recruitment?

NABARD Grade B recruitment is for the post of Manager rank in the Rural Development Banking Service.

NABARD FAQ: How is NABARD Grade A different from NABARD Grade B?

A. Key differences between NABARD Grade A Grade B are:

Work and Position: Grade A is Assistant Manager and Grade B is Manager level post. Grade A is the officers’ entrance level, equivalent to a commercial bank’s Scale-I, and Grade B is the second grade after a promotion, equivalent to a commercial bank’s Scale-II.

Salary

Syllabus

NABARD Review: What will a Career in NABARD be like? How is it different from working in RBI?
Are NABARD officers posted in rural areas?

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Is NABARD job good?

A. Career in NABARD: The main objective of NABARD is to work for the betterment of core sectors of the economy i.e, Agriculture (Farm and non-farm).

Working in NABARD will make you realise the basic problems faced by the First pillar of the Indian Economy I,e. Agriculture.

During the initial year, you will be posted in Regional branches where you will work as a District Development Manager.

Working in NABARD is very satisfying because it is a 9-5 job, it gives you a better work-life balance.

The pay scales, Perks and other facilities offered by NABARD are also very lucrative. 

Difference between the work of NABARD and RBI: Both NABARD and RBI have different job responsibilities.

RBI: The primary work of RBI is Monetary Policy. Every work done by the RBI is focused on Monetary Policy. 

Is NABARD under RBI? RBI regulates the commercial banks (including NBFCs, NABARD), formulates monetary policy, issues currency notes, and manages foreign exchanges.

It ensures the financial stability of the country and keeps an eye on Banking Regulation Act 1949.

NABARD: NABARD’s main function is to provide and regulate financing and other facilities to promote and develop agricultural and related activities.

Before 1982, the work of NABARD was undertaken by the RBI. But after the establishment of NABARD, the work was carried over by this institution.

Posting of NABARD Officers: Posting of NABARD officers in rural areas is not necessarily true.

They work in Regional Rural Branches which are located in state capitals.

However, you may have to visit the rural areas occasionally.

NABARD Review: Which is better: NABARD or SBI?

Both SBI and NABARD are prestigious jobs. Initially, The salary and other benefits are more in comparison to SBI.

Also, there is very less work pressure as compared to SBI.

But as you grow upwards in the hierarchy, the salary and perks in SBI may overtake the benefits offered by NABARD. 

NABARD Review: Which is better: NABARD or RBI?

NABARD’s main focus is to uplift rural India by creating models of development, creating the potential for more credit and planning for credit in the areas of Farm & Non-Farm activities, increasing the credit flow for elevation of agriculture and allied activities with the help of Co-op banks and RRBs. 

RBI’s role is much more than that of NABARD. The RBI is the Banker’s Bank.

It has much more responsibility than that of NABARD.

RBI formulates Monetary Policy, Manages Foreign exchanges, Issues currency, has supervisory and regulatory functions of Indian Banking systems.

So it has a direct impact on the Indian economy, whereas NABARD work is limited to Rural development and has supervisory roles only of Co-op banks and RRBs.

Also, getting into RBI is significantly more difficult than getting into NABARD.

Whether it’s the RBI Grade B or the NABARD Grade A, both tests are considered to be among India’s most demanding and competitive.

Most hopefuls believe the RBI Grade B exam is more difficult than the NABARD Grade A exam.

The RBI Grade B syllabus and the NABARD Grade A syllabus are nearly identical (approximately 70 % syllabus is the same).

NABARD Review: Which is better career-wise: NABARD Grade B officer or IBPS RRB Scale I officer?

NABARD Grade “B” is better than RRB in terms of position, salary.

In fact, RRBs come under NABARD along with state cooperative banks. 

In terms of the level of examination and posting RRB is better. NABARD is an All India Service and the level of examination is also tougher than RRB.

In RRB you will get your home state posting.


NABARD FAQ: What are the working hours for officers in Nabard and in RBI?

It is a 9 to 5 job. It generally varies from state to state, but it doesn’t go beyond 8 hours a day.

NABARD FAQ: How can I get a job in NABARD? What is the selection process of NABARD Grade A recruitment?

NABARD offers jobs under various categories/profiles in its recruitment process, categorised under Group “A” and Group “B” services.

A graduate from a recognised university is a bare minimum eligibility criterion. 

The selection process for NABARD RDBS comprises a preliminary exam, mains exam, followed by an interview.  

Also, the eligibility varies according to posts. 

NOTE: Candidates for the Grade “A” Protocol & Security Services (P&SS) post are selected based on interviews only.

What is the qualification of NABARD?

We have provided detailed Eligibility Criteria for this year’s NABARD 2021 Recruitment.

NABARD FAQ: Is the NABARD exam difficult?

The difficulty level of the NABARD Exam ranges from moderate to tough. 

NABARD FAQ: How many vacancies are there in NABARD 2021?

A total of 162 posts are being filled through this recruiting.

The preliminary test, mains exam, and interview are used to choose candidates for Grade A (RBDS/Rajbhasha) and Manager Grade B.

The selection of candidates for the NABARD Grade-A P&SS post is made based on the interview only.

NABARD FAQ: Does NABARD recruit every year? Is NABARD Grade A recruitment conducted every year?

Yes, Every year, depending on the number of openings, recruitment is held.

Every year, notices for the NABARD Grade A recruiting tests are released to invite interested people to take the exam.

The recruitment notification for the year 2021 was released on July 17th, 2021.

What is the salary of a NABARD Grade “A” officer? 

NABARD Grade “A” officer (Assistant Managers) gets a basic salary of Rs. 28150/– p.m.

How can I check my NABARD score?

Follow the steps mentioned below to check NABARD Grade A Result 2021

Visit the official website

Click on the Results link to Enter the required information.

Get your result.

Which banks come under NABARD?

Following Banks comes under NABARD –

1. Regional Rural Banks (RRBs)
2. State Cooperative Banks 
3. PCARDBs
4. SCARDBs
5. District Central Cooperative Banks (DCCBs)
6. Primary Agricultural Credit Societies (PACS)

Is NABARD a government job?

The National Board for Agriculture and Rural Development (NABARD) is a 100% bank owned by the Government of India.

NABARD was established on 12 July 1982 by an Act of Parliament.

When will the online application process start for the NABARD Grade “A” and Grade “B” Recruitment 2021?

A. The online application process will start from 17/07/2021, for the NABARD Grade A and B Recruitment 2021

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We hope this detailed information on the most frequently asked questions and Job Reviews about NABARD Recruitment 2021 helps you in deciding your fate!!

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