RBI Grade B Recruitment 2024, Exam Date, Eligibility, Apply Online, Application Fee

RBI Grade B Recruitment 2024, Exam Date, Eligibility, Apply Online, Application Fee

RBI Grade B Recruitment 2024:

RBI Grade B Recruitment 2024 is set to open a gateway of opportunities for individuals looking to establish a prestigious career in the banking sector. This comprehensive recruitment process is designed for aspirants who are eager to contribute to India’s central banking institution. With detailed information on the exam date, eligibility criteria, application process, and fee, candidates are provided with all they need to successfully apply and prepare for the selection process. As Grade B officers, selected candidates will play a crucial role in the operational and policy-making committees of the Reserve Bank of India, offering a chance to directly impact the economic well-being of the country. The RBI offers a dynamic and challenging work environment, ideal for those committed to excellence in public service and financial stability.

About the RBI:

The Reserve Bank of India (RBI) is the central banking institution of India, which controls the monetary policy of the Indian rupee and oversees the entire banking system in India. Established on April 1, 1935, under the Reserve Bank of India Act, 1934, the RBI was initially privately owned before being nationalized in 1949. The primary purpose of the RBI is to regulate the issue of banknotes, maintain reserves to secure monetary stability in India, and operate the currency and credit system of the country to its advantage.

Company Name: Reserve Bank of India

Company Website: RBI

Wikipedia: RBI Wiki

Experience Level: 0 – 2 Years

Package: Best In Industry

RBI Grade B Latest Updates/ Overview for 2023 Cycle

Before moving on to the RBI Grade B 2024 Overview, let us understand the overview of the 2023 cycle (ongoing cycle). 

• 13th December 2023: RBI Grade B Final Result for Generalist Post was out.
• 28th August 2023: RBI Grade B Phase 2 Result for Generalist Post was out.
• 30th July 2023: RBI Grade B Phase 2 Exam for Generalist Post was conducted.
• 24th July 2023: RBI Grade B Phase 2 Admit Cards for Generalist Post were released.
• 18th July 2023: RBI Grade B Phase 1 Result for Generalist Post was out.
• 9th July 2023: RBI Grade B Phase 1 Exam Generalist/DEPR/DSIM Posts was conducted.
• 6th July 2023: RBI Grade B Phase 1 Admit Cards for DEPR/ DSIM Posts were released.
• 29th June 2023: RBI Grade B Phase 1 Admit Cards for Generalist Post were released.
• 6th June 2023: RBI Grade B Application Date Extension Notice was out.
• 9th May 2023: RBI Grade B Detailed Notification 2023 was released on RBI’s website.
• 26th April 2023: RBI Grade B Short Notification 2023 was out in newspapers.

RBI Grade B Notification 2024 – Overview

The RBI Grade B Notification 2024 will be out in the month of March/April 2024. However, candidates must take this as tentative. As you must be a beginner, let us tell you that RBI usually releases exam dates along with the RBI Grade B Notification itself. Although we have provided the tentative exam dates you will have to wait for the exact RBI Grade B 2024 Exam Dates.

RBI Grade B Notification 2024 – Important Dates

You will have to fill up the online application form to be able to take the exam. Some dates will be mentioned in the RBI Grade B 2024 Notification and some will be released later in the form of notices.

Important Note: The aspirants must note that all the details mentioned in this blog are as expected as the official detailed notification is yet to be out. The information will be updated here as and when the notification is released.

RBI Grade B Vacancy 2024

A total of 291 vacancies were announced for the RBI Grade B (DR) generalist category in the RBI Grade B Notification 2023. You can check the expected vacancies for the RBI Grade B 2024 exam here.

RBI Grade B Notification 2024 – Eligibility Criteria

Candidates, intending to apply for RBI Grade B 2024 exam should ensure that they fulfill the minimum eligibility criteria as specified by RBI in their advertisement.

BI Grade B Eligibility Criteria – Age Limit

The minimum age to apply for the RBI Grade B officer exam is 21 years. You should have completed 21 years of age as of the 1st of January 2024 (Expected). 

The maximum age to apply for the RBI Grade B officer exam is 30 years of age. This means you should not be 30 years of age as of the date mentioned in the official notification pdf. 

RBI Grade B Age Relaxation

The upper age limit extension for RBI Grade B exam aspirants is as mentioned below: 

RBI Grade B Eligibility Criteria – Educational Qualification

To meet RBI Grade B Eligibility, the candidates will have to fulfill the educational qualification as well. Below we have given the post-wise RBI Grade B Educational Qualification 2024, do check it out.

(a) Officers in Grade ‘B’ (DR)–(General): 

Graduation in any discipline /Equivalent technical or professional qualification with minimum 60% marks (50% for SC/ST/PwBD applicants) or PostGraduation in any discipline / Equivalent technical or professional qualification with minimum 55% marks (pass marks for SC/ST/PwBD applicants) in the aggregate of all semesters/years.
Note:
Graduation Level:
Any such course from a recognized University / Institute that is taken after Class XII and is at least of 3 years duration/ candidates possessing professional or technical qualifications which are recognized by the Government as equivalent to professional or technical graduation will be eligible for admission to the examination, subject to obtaining minimum marks prescribed above.
Post-Graduation Level:
Any such course from a recognized University / Institute that is taken after Graduation and is at least of 2 years duration / recognized by the Government as equivalent to professional or technical Post-graduation will be eligible for admission to the examination, subject to obtaining minimum marks prescribed above.

(b) Officers in Grade ‘B’ (DR)–DEPR: a. A Master’s Degree in Economics (or any other master’s degree where “Economics” is the principal constituent* of the curriculum/syllabus, namely MA / MSc in Quantitative Economics, Mathematical Economics, Financial Economics, Business Economics, Agricultural Economics, and Industrial Economics) OR
b. A Master’s Degree in Finance (or any other master’s degree where “Finance” is the principal constituent* of the curriculum/syllabus, namely MA / MSc in Quantitative Finance, Mathematical Finance, Quantitative Techniques, International Finance, Business Finance, Banking and Trade Finance, International and Trade Finance, Project and Infrastructure Finance, Agri Business Finance).

For a) and b) above, a minimum of 55 percent marks or an equivalent grade is required in aggregate of all semesters/years from a recognized Indian or foreign University / Institute.

(c) Officers in Grade ‘B’ (DR)–DSIM: a. A Master’s Degree in Statistics/ Mathematical Statistics/ Mathematical Economics/ Econometrics/ Statistics & Informatics/ Applied Statistics & Informatics with a minimum of 55% marks or equivalent grade in aggregate of all semesters/years; OR
b. Master’s Degree in Mathematics with a minimum of 55% marks or an equivalent grade in aggregate of all semesters/years and a one-year postgraduate diploma in Statistics or related subjects from an Institute of repute; OR
c. Master’s degree course in Data Science/ Artificial Intelligence/ Machine Learning/ Big Data Analytics, with a minimum of 55% marks or equivalent grade in aggregate of all semesters/ years from a recognized University/ Institute, an institute of national importance, UGC/ AICTE approved programme; OR
d. Four-year Bachelor’s degree with a minimum of 60% marks or equivalent grade in aggregate of all semesters/ years in Data Science/ AI/ ML/ Big Data Analytics from a recognized University/ Institute, an institute of national importance, UGC/ AICTE approved programme; OR
e. Two years Post Graduate Diploma in Business Analytics (PGDBA) with a minimum of 55% marks or equivalent grade in aggregate of all semesters/years from a recognized University/ Institute, an institute of national importance, UGC/ AICTE approved programme.

RBI Grade B Notification 2024 – Application Form

The RBI Grade B application form has five sections. Filling up the RBI Grade B officer application form involves the following steps-

Prerequisites for Applying Online

• Scanned Passport size Photograph (as per given guidelines)
• Scanned copy of Signature
• Documents related to address proof, educational qualification, etc.

Application Fees/ Intimation Charges

• Rs 850-/ General/OBC/EWS
• Rs 100-/ SC/ST/PWD
• No application fee for the RBI Staff

Step to Apply Online for the RBI Grade B Exam

RBI Grade B Selection Process 2024

The stages included in the RBI Grade B Selection Process are:

• Stage I – Phase 1 (Prelims)
• Stage II – Phase 2 (Mains)
• Stage III – Phase 2 – Interview

RBI Grade B Exam Pattern 2024

Check out the detailed exam pattern for Prelims and Mains in the subsections below:

RBI Grade B Phase 1 Exam Pattern 2024

The RBI Grade B Prelims exam consists of 4 sections: Reasoning, General Awareness, Quantitative Aptitude and English Language. The detailed exam pattern in a tabular format is presented below.

*For RBI Bolt, log in through the exam page >> Click on the RBI Current Affairs in RBI Grade B Resources.

RBI Grade B Negative Marking

There is a negative marking in the RBI Grade B Phase 1 exam. 1/4th of the marks assigned to that question will be deducted for every wrong/incorrect answer. 

RBI Grade B Phase 2 Exam Pattern

The RBI Grade B Mains exam consists of three papers: Paper 1, Paper 2 and Paper 3. Paper 1 and 3 are a combination of both objective and descriptive questions, while Paper 2 is completely descriptive in nature. The detailed format is presented below in a tabular format.

For the General Posts

RBI Grade B Interview

The final stage in the selection process is Interview. Check out the points mentioned below for the interview stage:

• Candidates will be shortlisted for the interview, based on the aggregate of marks obtained in Phase 2 (Paper 1 + Paper 2 + Paper 3). 
• The minimum aggregate cut-off marks for being shortlisted for an interview will be decided by the Board in relation to the number of vacancies. 
• The interview will comprise 75 marks. 
• The candidate shall be required to undergo a Psychometric Test conducted by the Bank before appearing for the Interview. No marks will be allotted for the same and this will not form part of the final selection criteria. 
• Candidates may opt for an interview either in Hindi or English.
  
  Note: Final Selection will be through a merit list which will be prepared by adding marks secured by candidates in the Phase 2 examination and interview and grace marks as applicable as per extant rules.

RBI Grade B Notification 2024 – Syllabus

Well, you need to have a look at the detailed syllabus for both the Phases so we have provided you the syllabus for both phases separately. Also note that this is expected from previous year’s notification, we will update the changes in syllabus after RBI Grade B Notification 2024 will be released.

RBI Grade B Phase 1 Syllabus

Phase 1 consists of 4 sections which are Quantitative Aptitude, Logical Reasoning, English and General Awareness.

RBI Grade B Quantitative Aptitude Syllabus

Data Interpretation, Quantity Based Questions (Q1, Q2, Q3 etc), Data Sufficiency, Simplification, Approximation, Quadratic Inequalities, Number Series (missing and wrong no. series).
Important Arithmetic Topics: Partnership, Average, Ages, Profit & Loss, Time & Work, Speed-Time-Distance, Boat & Stream, Trains, Simple Interest and Compound Interest, Percentage, Ratio & Proportion.

RBI Grade B Reasoning Syllabus

Alphanumeric Series, Order and Ranking, Direction Sense, Alphabet Test, Data Sufficiency, Inequalities, Seating Arrangement, Puzzle, Syllogism, Blood Relations, Input-Output, Coding-Decoding, and Logical Reasoning.

RBI Grade B English Language Syllabus

Cloze Test, Fillers, Spotting the Errors, Para Jumbles, New Pattern Questions, Idioms and Phrases, Word Rearrangement, Column Based Questions, Sentence Improvement, Paragraph Completion, Grammar, Reading Comprehension.

RBI Grade B General Awareness Syllabus 

• Daily News (for Phase 1 & 2)
• Static GK (for Phase 1)
• Economic Survey (for Phase 1 & 2)
• Union Budget (for Phase 1 & 2)
• Census 2011 (for Phase 1 & 2)
• SECC 2011 (for Phase 1 & 2)
• Important RBI Notifications, Circulars, Reports (for Phase 2 – high priority, Phase 1 – fewer chances)
• Government Schemes (Union & State Govt schemes, Phase 1 & 2)

*To access current affairs material, Log in through the exam page >> Click on the RBI Current Affairs in RBI Grade B Resources.

General Awareness – Specific Topics for Current Affairs

• Appointments/Committees/Constituencies
• Sports
• Awards/Film Festivals
• Meetings/Summits
• Schemes/Campaigns/Portals
• International News/India’s initiative with other countries
• Miscellaneous – Ports/Industrial Parks, museums, Power plants, nuclear plants, any missile launch etc
• Reports/Indices
• Obituary
• Banking Terminology
• Headquarters of Banks
• Economic and Financial news (like news related to Monetary Policy; Important Guidelines)
• Census Data
• Socio-Economic Caste Census
• Union Budget
• Economic Survey

Topics that are marked in bold are specific to Phase 1.

General Awareness – Specific Topics for Static GK

• Biography/Autobiography
• Abbreviations
• Festivals
• Stadiums
• National Parks / Sanctuaries
• Books
• Sports
• Places of Importance like World Heritage Sites/Lakes/Rivers/Mountains/Temples
• Currency
• Headquarters
• Capitals
• National and International Days/Themes
• Dams
• Miscellaneous
• Airports

RBI Grade B Phase 2 Syllabus

Check the detailed Phase 2 Syllabus below:

RBI Grade B Economic and Social Issues (ESI) Syllabus 

a) Growth and Development: Measurement of growth: National Income and per capita income – Poverty Alleviation and Employment Generation in India – Sustainable Development and Environmental issues.

b) Indian Economy: Economic History of India – Changes in Industrial and Labour Policy, Monetary and Fiscal Policy since reforms of 1991 – Priorities and recommendations of Economic Survey and Union Budget – Indian Money and Financial Markets: Linkages with the economy – Role of Indian banks and Reserve Bank in the development process – Public Finance – Political Economy – Industrial Developments in India- Indian Agriculture – Services sector in India.

c) Globalization: Opening up of the Indian Economy – Balance of Payments, Export-Import Policy – International Economic Institutions – IMF and World Bank – WTO – Regional Economic Cooperation; International Economic Issues.

d) Social Structure in India: Multiculturalism – Demographic Trends – Urbanisation and Migration – Gender Issues – Social Justice: Positive Discrimination in favour of the underprivileged – Social Movements – Indian Political System – Human Development – Social Sectors in India, Health and Education.

RBI Grade B Descriptive English Syllabus

The paper on English shall be framed in a manner to assess the writing skills including expression and understanding of the topic, Essay writing, Letter writing, Precis’ etc.

RBI Grade B Finance and Management Syllabus

a) Financial System 

1. Regulators of Banks and Financial Institutions 
2. Reserve Bank of India- functions and conduct monetary policy 
3. Banking System in India – Structure and concerns, Financial Institutions – SIDBI, EXIM Bank, NABARD, NHB, etc, Changing landscape of banking sector. 
4. Impact of the Global Financial Crisis of 2007-08 and the Indian response 

b) Financial Markets

Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.), functions, instruments, and recent developments.

c) General Topics 

1. Risk Management in Banking Sector
2. Basics of Derivatives
3. Global financial markets and International Banking – broad trends and latest developments.
4. Financial Inclusion
5. Alternate source of finance, private and social cost-benefit, Public-Private Partnership
6. Corporate Governance in the Banking Sector, the role of e-governance in addressing issues of corruption and inefficiency in the government sector.
7. The Union Budget – Concepts, approach and broad trends
8. Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI – components and trends; striking a balance between inflation and growth through monetary and fiscal policies. 
9. FinTech

d) Management

Fundamentals of Management & Organizational Behaviour: Introduction to management; Evolution of management thought: Scientific, Administrative, Human Relations and Systems approach to management; Management functions and Managerial roles; Nudge theory.

Meaning & concept of organizational behaviour; Personality: meaning, factors affecting personality, Big five model of personality; the concept of reinforcement; Perception: concept, perceptual errors. 

Motivation: Concept, importance, Content theories (Maslow’s need theory, Alderfers’ ERG theory, McCllelands’ theory of needs, Herzberg’s two-factor theory) & Process theories (Adams equity theory, Vroom’s expectancy theory). 

Leadership: Concept, Theories (Trait, Behavioural, Contingency, Charismatic, Transactional and Transformational Leadership; Emotional Intelligence: Concept, Importance, Dimensions. Analysis of Interpersonal Relationship: Transactional Analysis, Johari Window; Conflict: Concept, Sources, Types, Management of Conflict; Organizational Change: Concept, Kurt Lewin Theory of Change; Organizational Development (OD): Organisational Change, Strategies for Change, Theories of Planned Change (Lewin’s change model, Action research model, Positive model).

Ethics at the Workplace and Corporate Governance: Meaning of ethics, why ethical problems occur in business. Theories of ethics: Utilitarianism: weighing social cost and benefits, rights and duties, Justice and fairness, ethics of care, integrating utility, rights, justice and caring, An alternative to moral principles: virtue ethics, teleological theories, egoism theory, relativism theory, Moral issues in business: Ethics in Compliance, Finance, Human Resources, Marketing, etc. Ethical Principles in Business: introduction, Organization Structure and Ethics, Role of Board of Directors, Best Practices in Ethics Programme, Code of Ethics, Code of Conduct, etc. 

Corporate Governance: Factors affecting Corporate Governance; Mechanisms of Corporate Governance.

Communication: Steps in the Communication Process; Communication Channels; Oral versus Written Communication; Verbal versus non-verbal Communication; upward, downward and lateral communication; Barriers to Communication, Role of Information Technology.

RBI Grade B Notification 2024 – Salary

We have tabulated the RBI Grade B officer’s monthly salary here. Please take a look. As per the recent salary revision in the RBI Grade B salary, the basic pay has become Rs 55,200/- per month on the scale of Rs. 55200 – 2850 (9) – 80850 – EB – 2850 (2) – 86550 – 3300 (4) – 99750 (16 years) and the gross monthly emoluments will stand at Rs 1.08 Lakhs approx.

RBI Grade B Salary Structure 2024

Check out the salary overview in the table below:

The RBI Grade B in-hand salary is Rs 80,000/- (approximately). Although the RBI Grade B officer’s basic pay is Rs 55, 200 per month and the gross monthly emoluments are Rs, 1.08 Lakhs but they keep getting other perks and allowances in different forms taking their gross pay to Rs 2 lakhs per month. 

RBI Grade B Notification 2024 – Cut Offs

Check out the cut off for different years below:

For Phase 1 Exam

Check out the year wise cut off for phase 1.

For Phase 2 & Interview

Check out the table below for the cut off:

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