RBI Grade B 2024: The Reserve Bank of India conducts the RBI Grade B exam to recruit candidates for the Officers in Grade B (DR)-General, DEPR, and DSIM posts.
[custom_query_form]
The RBI Grade B post is a sought-after job profile and is considered one of the top banking exams in India. The RBI Grade B selection is based on a three-phase examination process, i.e., phase 1, phase 2 and interview.
The role of the RBI Grade B officer is to handle the financial stability of the nation, currency circulation, and central bank accounts.
Candidates who wish to apply for the RBI Grade B 2024 exam can get complete details on important dates, eligibility, exam pattern, syllabus, and the latest update in the given article.
RBI Grade B 2024 Notification
The RBI Grade B Notification 2024 is expected to be out in April 2024 on the official website of RBI at rbi.org.in. On release, the direct link to download the RBI Grade B 2024 notification pdf will be provided here.
The RBI Grade B notification will include all the essential details, such as the RBI Grade B exam date, selection process, exam pattern, syllabus, salary and more.
RBI Grade B 2024 Highlights
Post | RBI Grade B |
Conducting Body | Reserve Bank of India |
Exam Level | National |
Mode of Examination | Online |
Vacancies | TBA |
Notification | March 2024 |
Mode of Application | Online |
Mode of Exam | Online |
Selection Process | Phase 1, Phase 2, Interview |
RBI Grade B Gross Salary | INR 1,08,404 (approx) |
Official Website | www.rbi.org.in |
About RBI Grade B Exam 2024
The RBI Grade B exam is a national-level exam that is held annually by the Reserve Bank of India. Through this examination, candidates are selected for Grade B entry-level officer posts.
The selection of candidates is based on a two-phase examination process followed by an interview. Being the central bank the RBI offers lucrative salary packages and work opportunities.
Selected candidates undergo a two-year probation period, which can be extended up to four years. The exam is held for the following posts:
- Officers in Grade ‘B’ (DR) – (General)
- Officers in Grade ‘B’ (DR) – DEPR
- Officers in Grade ‘B’ (DR) – DSIM
RBI Grade B 2024 Exam Dates
As per the tentative RBI Grade B Exam date, the Phase 1 exam will be held in June 2024, while the Phase 2 exam will be conducted in July 2024. The precise RBI Grade B 2024 exam date will be updated below soon.
Event | Tentative Dates |
---|---|
Notification Release | April 2024 |
Online Application Release | April 2024 |
Application Submission | May 2024 |
Application Fee Submission Last Date | May 2024 |
Prelims Exam | June 2024 |
Mains Exam | July 2024. |
RBI Grade B 2024 Vacancy
The RBI will announce the RBI Grade B Vacancy 2024 with the notification. The Grade B vacancies will be out category-wise for the general, DEPR, and DSIM posts on the official website of the RBI. Bookmark this page to get the latest update on the RBI Grade B exam.
Let’s look at the vacancies for RBI Group B that have been announced in recent years.
RBI Grade B Vacancy 2024 | TBA |
RBI Grade B Vacancy 2023 | 291 |
RBI Grade B Vacancy 2022 | 294 |
RBI Grade B Vacancy 2021 | 322 |
RBI Grade B 2024 Eligibility Criteria
Candidates must meet the RBI Grade B eligibility criteria set by the Reserve Bank of India for the post of Grade B officer.
The RBI Grade B eligibility 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.
RBI Grade B 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.
RBI Grade B Education Qualification
The required RBI Grade B qualification varies depending on the post. The minimum requirement is graduation with 60% marks or post-graduation with 55% marks.
Candidates can review the post-educational requirements in the given table.
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. |
RBI Grade B Number of Attempts
- General category candidates get six attempts to clear the RBI Grade B examinations.
- For other categories, there is no limit. Candidates can appear until they reach the upper age limit set by the RBI.
RRB Grade B 2024 Age Limit
As per the RBI Grade B age limit rule, the minimum age of candidates should be 21 years, and the upper age limit should not exceed 30 years for the general category.
Candidates from the OBC category will get 3 years of age relaxation, while SC/ST/ES/ECOs/SSCOs will get 5 years of upper age relaxation in the RBI Grade B exam under GoI regulations.
Check the RBI Grade B age relaxation offered to the reserved category in the table below.
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 2024 Online From
The RBI Grade B 2024 online form will be out in April 2024 with the release of the notification on the official website of the RBI at rbi.org.in. Candidates can follow the given steps to fill out their applications.
- Go to the official website of the RBI at rbi.org.in.
- Find and click on the “New Registration” option from the homepage.
- To complete the registration, provide your details, such as name, contact information, email ID, etc., .
- Now continue your application and upload your scanned photograph, signature, and handwritten declaration.
- Enter your educational and professional qualification details.
- After reviewing the application form, click on the save and next buttons.
- Pay online application fees via debit card, credit card, or net banking.
- Click on the “Final Submit” button, and your online application form will be submitted successfully.
RBI Grade B 2024 Application Fee
The RBI Grade B fee for GEN/OBC is INR 850, while for SC/ST it is INR 100.
Category | Application Fee |
---|---|
GEN/OBC | Rs. 850/- |
SC/ST | Rs.100/- |
RBI Staff | NIL |
RBI Grade B 2024 Selection Process
The RBI Grade B selection process consists of three rounds. Phase 1 is an objective-type examination, while Phase 2 includes objective and descriptive questions. The final round is a group discussion or interview.
The RBI Grade B Phase 1 is qualifying. The RBI Grade B final selection is based on the score of Phase 2 and the interview round.
Stage | Marks |
---|---|
Phase 1 | 200 marks |
Phase 2 | 300 marks |
Interview | 75 marks |
RBI Grade B 2024 Exam Pattern
Candidates must review the updated RBI Grade B exam pattern to understand the exam format. It will help them to build preparation strategies concerning the allotted time. The RBI Grade B Exam pattern has two parts: Phase I and Phase II.
RBI Grade B Exam Pattern For Phase 1
The RBI Grade B Phase I exam is held as a screening round. The RBI Grade B exam pattern for phase 1 consists of an objective examination with 200 questions of 1 mark each.
The exam is conducted online via CBT mode. There are four sections, and the exam duration is 2 hours. For every incorrect answer, there is a negative marking of 0.25 marks.
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 |
RBI Grade B Exam Pattern For Phase 2
Qualified candidates for the Phase I exam will appear for Phase II. The RBI Grade B exam pattern for phase 2 consists of three subjects, which are economic and social issues, English, and finance and management, with 300 marks each.
Each paper contains both objectives as well as descriptive questions, except in the English language. There is a negative marking of 1/4 for each incorrect answer.
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 2024 Syllabus
The RBI Grade B syllabus doesn’t change each year; it remains static, more or less. Before starting the preparation, candidates should check the RBI Grade B Syllabus, as it will enable them to create a well-defined study plan.
The RBI Grade B syllabus includes general awareness, English, quantitative aptitude, reasoning ability, economic and social issues, and finance and management. Candidates can review the syllabus for both exams in the given section.
RBI Grade B Syllabus For Phase 1
Subject | Topics |
---|---|
RBI Grade B General Awareness | Current affairs The Indian Banking system Banking terminology Indian financial system Monetary plans Government schemes Banking institutes |
RBI Grade B 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 |
RBI Grade B 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 |
RBI Grade B Reasoning Ability | Blood relation Setting arrangements Puzzle Logical reasoning Syllogism Data inequalities Analogy Coding and decoding Input-output Direction Test |
RBI Grade B Phase Syllabus For Phase 2
Subject | Topics |
---|---|
RBI Grade B Economic and social issues | Economic reforms of India Globalization Growth and development, Social structure of India Poverty alleviation Employment generation in India Public finance Services sector in India Indian political system IMF and World Bank Indian Political System Union Budget |
RBI Grade B English | Essay writing Summary writing Comprehension |
RBI Grade B Finance and management | Financial system Financial market General topics Management Leadership Governance Communication |
RBI Grade B 2024 Books
Some of the top-rated RBI Grade B books from renowned authors are Objective General English by S.P. Bakshi, Magical Book on Quicker Maths by M. Tyra, Analytical Reasoning by M.K. Pandey, Indian Economy by Uma Kapila, and An Introduction to Economics by A. W. Stonier and DC Hauge.
The candidate must stick to 2-3 of the best books for each subject for their preparation. Along with the books, students should make a solid study schedule and take regular mock tests to speed up their RBI Grade B 2024 preparation.
RBI Grade B Salary
The basic pay for the RBI Grade B officer is INR 55,200. Candidates get additional benefits such as HRA, DA, special allowance, etc., making the RBI Grade B gross salary up to INR 1,08,404 (approximately).
The RBI Grade B salary scale is Rs. 55,200-2850(9), 80850-EB-2850(2), 86550-3300(4), and 99750 (16 years).
Basic Pay | Rs. 55,200 |
Grade Allowances | Rs. 6,80 |
Housing Allowances | Rs. 5273 |
Dearness Allowances | Rs. 33,215 |
CVPS Incentives | Rs. 827 |
Special Prerequisite Allowances | Rs. 1465 |
Special Allowances- Direct Recruit | Rs. 1800 |
Local Compensatory Allowances | Rs. 3664 |
Meal Allowance | Rs. 160 |
Gross Pay | Rs. 1,08,404 |
RBI Grade B 2024 Admit Card
The RBI Grade B admit card will be out a week before the exam on the official website of the Reserve Bank of India. The candidates can download the RBI Grade B admit card for each phase using their login credentials on the official website of RBI.
The details required for the RBI Grade B 2024 are-
- Registration Number/ Roll Number
- DOB/Password
RBI Grade B 2024 Result
The Reserve Bank of India will release the results of each phase separately. RBI Grade B Phase 1 is qualifying in nature.
The final selection will be based on the RBI Grade Phase 2 exam and GD/interview round results. The weight of the interview is 20%.
Candidates must carry the RBI Grade B interview call letter and other important documents at their interview.
Within 20 to 30 days of interviews, the list of selected candidates will be declared on the official website of the RBI.
RBI Grade B 2024 Cut Off
The RBI Grade B Cutoff 2024 will be out along with the release of the RBI Grade B result. Only those candidates who meet the sectional and overall cut-offs will be qualified for subsequent rounds.
The RBI Grade B Cutoff is based on the difficulty level of the exam, the number of vacancies, the candidates appearing in the exam, and the procedure of normalisation.
Meanwhile, candidates can view the RBI Grade B previous year cutoff to strategize their preparation as per the category-wise and section-wise cutoff.
Section | Maximum Marks | Gen | EWS | OBC | SC | ST | PwD |
---|---|---|---|---|---|---|---|
General Awareness | 80 | 12.00 | 12.00 | 8.00 | 6.25 | 6.25 | 6.25 |
Reasoning | 60 | 9.00 | 9.00 | 6.00 | 4.75 | 4.75 | 4.75 |
English Language | 30 | 4.50 | 4.50 | 3.00 | 2.25 | 2.25 | 2.25 |
Quantitative Aptitude | 30 | 4.50 | 4.50 | 3.00 | 2.25 | 2.25 | 2.25 |
Total Score | 200 | 54.25 | 54.25 | 54.25 | 52.75 | 44.75 | 40.25 |
RBI Grade B 2024 Recruitment FAQs
Ans- The RBI Grade B 2024 notification is expected to be out in March/April 2024.
Ans- The RBI Grade B syllabus includes general awareness, English, quantitative aptitude, reasoning ability, economic and social issues, and finance and management.
Ans- The RBI Grade B age limit should be between 21 to 30 years. Age relaxation is given to reserved categories.
Ans- For every incorrect answer, ¼ marks will be deducted in Phase I and II exams.
Ans- Candidates can give their interview in English or Hindi as per their preference.
Ans- Yes, for General category candidates the attempt limit is six times and for other categories there is no such rule.
Ans- Yes, candidates can only move to the subsequent round if they meet the sectional and overall cut-off set by RBI.
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.