RBI Grade B 2023 Recruitment: The Reserve Bank of India will soon release the official RBI Grande B 2023 Recruitment notification soon. According to reports, the RBI Grade B 2023 notification will be published on the organisation’s official website in April/ May 2023.
The exam is conducted annually by the Reserve Bank of India in order to fill Grade B officer positions in various RBI branches all over India. Go through the complete article to gather the complete details on RBI Grade B 2023 notification, released date, syllabus, exam pattern and exam dates etc.
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April/May 2023: RBI Grade B 2023 Official Notification (Link to be activated soon)
RBI Grade B 2023 Notification
The Reserve Bank of India releases the recruitment notification on its official website, rbi.gov.in in April/May 2023 (Tentatively). However, before the release of the detailed notification PDF, RBI will initially release a short notice regarding the recruitment in the newspaper along with the vacancies.
The notification contains all the necessary information related to the hiring procedure such as the number of vacancies, eligibility criteria, application fee, selection procedure, and more. As soon as the notification is made public, this website will be updated with pertinent information about the recruitment.
About RBI Grade B 2023 Exam
Every year over lakhs of banking aspirants apply for the RBI Grade B exam because it is one of the top banking exams in India and a sought-after job profile. Through this examination, candidates are selected for Grade B entry-level officer posts.
The selection of candidates is based on three phases, out of which the first two phases are objective-type /descriptive exams, which are followed by a grade discussion and an interview. Selected candidates undergo a two-year probation period, which can be extended up to four years.
RBI Grade B 2023 Important Dates
The Reserve Bank Of India is all set to release the notification for the RRB Grade B 2023 recruitment exam. Candidates can bookmark this date to get the latest updates on important dates. The precise exam schedule will be updated after the release of the notification.
| Event | Dates(Tentative) |
|---|---|
| Notification Release | April/ May 2023 |
| Online Application Release | To be notified |
| Application Submission | To be notified |
| Phase 1 Admit Card Release | To be notified |
| Phase 1 Exam | To be notified |
| Phase 2 Exam | To be notified |
RBI Grade B 2023 Exam Date
The exam dates will be released along with the official notification PDF. It is most likely to be conducted in mid-2023. It is a good opportunity for all eligible graduates and post-graduate who want to build their careers in the banking sector.
We will update the exam date in the table below as soon as the official notification is released.
| Post | RBI Grade B Events | Dates |
| RBI Grade B (DR)- General | Phase 1- Online Examination | To be Notified |
| Phase 2- Paper I, II & III Online Examination | To be Notified | |
| RBI Grade B (DR)- DEPR | Phase 1- Paper I- Online Examination | To be Notified |
| Phase 2- Paper II & III Online/Written Examination | To be Notified | |
| RBI Grade B (DR)- DSIM | Phase 1- Paper I- Online Examination | To be Notified |
| Phase 2- Paper II & III Online Written/Examination | To be Notified | |
| Interview Date | To be Notified | |
| Final Result | To be Notified |
RBI Grade B 2023 Vacancy
The RBI announces category-wise vacancies for general, DEPR, and DSIM on their official website. According to the report, 200 to 225 openings are anticipated this year. Meanwhile, let’s have a look at the total vacancies for RBI Grade B that have been announced in recent years.
- RBI Grade B 2019: 199
- RBI Grade B 2020: 842
- RBI Grade B 2021: 322
- RBI Grade B 2022: 294
- RBI Grade B 2023: To be announced.
RBI Grade B 2023 Application Process
The Reserve bank of India has not yet activated the apply online link for Grade B posts on their official website. The mode of application is online. Once the application is available, applicants can follow the instructions to finish their online application.
- Go to the official website of RBI at www.rbi.org.in.
- Find and click on “opportunity >> Current vacancies
- In the current vacancy section, find the “RBI Grade B 2023 Appply online” link.
- Find and click on the option “Click here for new registration”
- Fill in accurate and valid details in your application form.
- Now upload the required documents such as a photograph and signature scanned image in the given format.
- Review your application form and click on the “Submit” button.
- Pay the application charges online via debit/credit card, net banking, e-wallet etc and take an e-receipt.
RBI Grade B 2023 Application Fee
A candidate has to the applicable charges for the RBI Grade B application form. The application fee needs to be online based on the catagery of candidates. Refer to the given table to know the application fee.
| Category | Application Fee |
|---|---|
| GEN/OBC | Rs. 850/- |
| SC/ST | Rs.100/- |
| RBI Staff | NIL |
RBI Grade B 2023 Eligibility Criteria
Candidates must meet the RBI Grade B 2023 eligibility criteria set by the Reserve Bank of India for the post of Grade B officer, which includes nationality, education qualification, age limit, age reservation, and the number of attempts. Providing wrong information related to eligibility can lead to the rejection of candidature.
Nationality
- An Indian citizen or citizen of Nepal or Bhutan or Tibetan refugee who moved to India before January 1, 1962, is eligible.
- Indian origins who migrated from Sri Lanka, Pakistan, Burma (Myanmar), Vietnam, and East African nations such as the United Republic of Tanzania, Uganda, Kenya, Malawi, Zambia, Zaire, or Ethiopia.
Education Qualification
| Post | Education Requirement |
|---|---|
| Grade B (DR) (General) | Graduation, post-graduation, or equivalent qualification with a minimum of 60% (UR) and 55% (SC/ST/PWD). |
| Grade B (DR) DERP | Master’s degree in economics/ mathematical economics/ econometrics /quantitative economics/ finance/ integrated economic course, or a PGDM/MBA or master’s degree in economics in any subcategory with a minimum score of 55% from any recognized university. |
| Grade B (DR) DISM | Master’s degree in mathematics or statistics/ statistic mathematics/ mathematical economics/ statistics and informatics(IIT Kanpur), applied statistics and informatics(IIT Bombay) or M.Stit degree, or a PGDBA with a minimum of 55% from any recognized university. |
Number of Attempts
- General category candidates will be given six attempts to clear the examinations.
- For other categories, there is no limit. Candidates can appear until they reach the upper age limit set by the RBI.
Age Limit
For the post of RBI Grade B candidates, the minimum age of candidates should be 21 years and the upper age limit should not exceed 30 years for general catagery.
Candidates from reserved categories will have their ages relaxed in accordance with GoI regulations. Check the age reservation offered to the reserved category in the given table.
| Category | Age Relextation |
|---|---|
| OBC | 3 years |
| SC/ST/ESM/Ex-employees of banking institutions/ECOs/SSCOs | 5 years |
| Physically Handicapped | 10 years |
| Physically handicapped+OBC | 13 years |
| Physically handicapped+SC/ST | 15 years |
RBI Grade B 2023 Selection Process
RBI Grade B 2023 Selection process consists of a three-tier examination. Phase I is an online objective-type examination; phase II is an online objective-descriptive examination, and phase III is the group discussion/interview. Details related to each phase along with the exam pattern are provided in this section.
The RBI Grade B officer handles the financial stability of the nation, currency circulation, and managing central bank accounts.
Phase I Examination
The Phase I exam is conducted for the screening of candidates. Phase 1 is an online, objective examination that consists of 200 questions of 1 mark each. Altogether, there are four sections, and candidates will be given 2 hours to complete the examination. For every incorrect answer, 0.25 marks will be deducted.
Phase II Examination
Qualified candidates of the Phase I exam will appear for Phase II. This phase consists of three papers-Economic and social issues, English and Finance and management with a total of 300 marks each. Each paper contains both objectives, as well as descriptive questions, except the English language. There is a negative marking of 1/4 marks for each incorrect answer.
Phase III GD/Interview
Those candidates who match the overall and sectional cutoffs will appear for the final interview round. Candidates have a choice of selecting Hindi or English as a medium of communication. The interview consists of 75 marks.
RBI Grade B 2023 Exam Pattern
Knowing the exam pattern will help the candidates to have a better understanding of the subject. It will also help them to build preparation strategies with respect to the allotted time. The RBI Grade B 2023 Exam pattern is divided into two parts- Phase I and Phase II.
Phase I Exam Pattern
| Sections | Number of questions | Total marks allotted | Duration |
|---|---|---|---|
| General Awareness | 80 | 80 | 25 minutes |
| English Language | 30 | 30 | 25 minutes |
| Quantitative Aptitude | 30 | 30 | 25 minutes |
| Reasoning Ability | 60 | 60 | 45 minutes |
| Total | 200 | 200 | 120 minutes |
Phase II Exam Pattern
| Sections | Number of questions | Total marks allotted | Duration |
|---|---|---|---|
| P1-Economic and social issue (objective) | 30 | 50 | 30 minutes |
| P1-Economic and social issue (descriptive) | 06 | 50 | 90 minutes |
| P2- English(Written ) | 03 | 100 | 90 minutes |
| P3-Finance and management (objective) | 30 | 50 | 30 minutes |
| P3-Finance and management (descriptive) | 06 | 50 | 90 minutes |
| Total | 75* | 300 | 3 hours 30 minutes |
RBI Grade B 2023 Syllabus
Before starting the preparation candidates check the RBI Grade B 2023 syllabus as it will enable them to create a well-defined study plan. Knowing the syllabus will help the candidates to outline the essential topics included in the exam both Phase I and Phase II has a different set of the syllabus. Candidates can review the syllabus of both exams in the given section.
Phase I Exam Syllabus
- General Awareness: Current affairs, Indian Banking system, banking terminology, Indian financial system, monetary plans, government schemes, banking institutes.
- English Language: Reading comprehension, fill in the blanks, cloze test, match the columns, grammar, phrases and idioms, sentence formation, vocabulary, jumble words/sentences, tenses rules.
- Quantitative Aptitude: Number series, menstruation, ratio and proportion, time and work, simple and compound interest, data interpretation, quadratic equations, permutations and combinations, probability, simplification and approximation, speed, stock, and share, inequality, average, profit and loss, mixtures and allegations.
- Reasoning Ability: Blood relation, setting arrangements, puzzle, logical reasoning, syllogism, data inequalities, analogy, coding and decoding, input-output, direction Test.
Phase II Exam Syllabus
- Economic and social issues: Economical reforms of India, globalization, growth and development, the social structure of India, poverty alleviation and employment generation in India, public finance, and services sector in India, Indian political system, IMF and World Bank, Indian Political System, Union Budget.
- English: Essay writing, summary writing, and comprehension.
- Finance and management: Financial system, financial market, general topics, management, leadership, governance, communication.
RBI Grade B 2023 Preparation Books
Choosing the best RBI Grade B 2023 preparation books enables the candidate’s understanding of concepts and strategies building for the exam. It is crucial to understand that citing additional books would simply lead to confusion. Therefore, candidates should limit their selection to two to three of the best study guides. Candidates should make a solid RBI Grade B 2023 Preparation Plan in order to clear the exam on their first attempt.
some of the best subject-wise books for preparation are mentioned in the given table.
| Subject | Book | Author |
|---|---|---|
| English Language | Objective General English | S.P. Bakshi |
| Quantative Aptitude | Magical Book on Quicker Maths | M. Tyra |
| Reasoning | Analytical Reasoning | M.K.Pandey |
| General Awareness | Banking Awareness for SBI and IBPS Bank Clerk/PO/RBI Exams/RRB | Disha Experts |
| Economic and social issues | Indian Economy | Uma Kapila |
| Finance and management | An introduction to Economics | A W Stonier and DC Hauge |
RBI Grade B 2023 Admit Card
Candidates who will appear for the exam can download their RBI Grade B 2023 Admit card via the official website of the Reserve Bank Of India. For each phase, the authorities will release separate admit cards.
The direct download link for the admission card will be published here as soon as it is available. To download their admit card, candidates can adhere to the instructions provided.
- Visit the official website of RBI at www.rbi.org.in.
- The link to download the RBI Grade B 2023 admit card will appear on the home page.
- After you click on the link the login page will appear on your screen.
- Enter your registration number and DOB/password and click on the “Submit” button.
- The admit will appear on your screen.
- Check the details and take a printout of your admit card.
RBI Grade B 2023 Result
The RBI will release the result of each phase separately. Phase I is qualifying in nature. The final selection will be based on the results of phases II and III. The weightage of the interview is 20%.
Candidates need to carry the RBI Grade B interview call letter and other important documents at the time of their interview. After 20 to 30 days of interviews, the list of selected candidates will be released by the RBI on their official website.
The Direct Link to download the result will be updated here soon after the release of the result.
RBI Grade B 2023 Cut-off
The RBI will first release the cut-off for the phase I exam followed by the Phase II exam. The cut-off will be released along with the result and scorecard.
Only those candidates who will meet the sectional and overall cut-off will be qualified for subsequent rounds. The cut-off is determined based on a number of factors which include-
- The difficulty level of the exam
- Number of Vacancies released by RBI
- The total number of candidates appearing in the exam.
- procedure of normalization
RBI Grade B 2023 FAQs
Ans- The recruitment notice will be released in April/May 2023(tentatively)
Ans-Candidates’ age should be between 21 to 30 years. Age relaxation will be given to reserved categories as per GoI.
Ans- For every incorrect answer, ¼ marks will be deducted in both phase I and Phase II exam.
Ans- Candidates can give their interview in English or Hindi as per their preference.
Ans- Yes, for General catagery candidates the attempt limit is six times.
Ans- Yes, candidates can only move to the subsequent round if they meet the sectional and overall cut-off set by RBI.
Ans- Candidates have to serve a probation period of two years which can be extended up to 4 years.
Ans- The gross salary of an RBI Grade B officer is approximately Rs. 1,08,404, out of which Rs. 26,436 is deducted, leaving candidates with a basic salary of Rs. 55,200 plus HRA and other benefits, as shown in the table below.
Are RBI officers eligible for pensions?
Yes, all RBI employees who began working before 2004 are eligible for pensions. However, the No Pension Scheme currently applies to all government organizations. As a result, employees of the RBI who were newly hired do not receive a pension.
Does the RBI hold the Grade B Officer recruitment exam each year?
Yes, the Reserve Bank of India conducts recruiting for Grade B officers on an annual basis.
Is the RBI Grade B examination challenging?
If candidates do a good job of preparing, passing the RBI Grade B exam is not difficult. The exam requires substantial dedication and preparation from the candidates. They must complete practice exams, comprehend the syllabus and test format, focus on strengthening their weak areas, and more. They should also solve questions from past years.
Which job is an RBI Grade B?
Those chosen for this RBI Grade B recruiting will be a part of the Combined Seniority Group. The seniority is determined based on their ranks, which are determined using the standard percentile score of the combined marks of the chosen applicants.
What is the salary for RBI Grade B?
The RBI Grade B base salary is INR 55,200. The total compensation is $1,08,404. INR 55,200-2850(9)-80,850-EB-2850(2)-86,550-3300(4)-99,750 is the pay range (16 years). Dearness Allowance, Local Allowance, House Rent Allowance, Family Allowance, and Grade Allowance are all available to candidates.