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RBI Governor gets pay hike; monthly basic jumps to Rs 2.5 lakh

Governor

New Delhi:  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.

The “basic pay of the Governor and deputy Governors” has 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.

Still, their salaries are much lower than the top executives of various banks regulated by the RBI.

As per sources, 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.

The RBI, however, did not disclose the new gross pay for Patel and his deputies following the revision in basic pay.

Currently, RBI has four deputy governors – R Gandhi, S S Mundra, N S Vishwanathan and Viral V Acharya.

At the end of November last year, Gandhi, Mundra and Vishwanathan were taking home a basic pay of Rs 80,000 per month. Acharya took charge in January this year.

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