The RBI Grade B Exam is one of the top exam amongst the Banking exams. It is conducted by RBI(Reserve Bank of India). If you have dream to work in the India’s and indeed one of the biggest Central Bank of the world, then it is the golden opportunity to crack the RBI Grade B Exam and work in the RBI. Here in this blog we are going to cover everything related to RBI Grade B Exams, so Let’s Start.
RBI Grade B Exam Overview
| Exam Particulars | Exam Details |
|---|---|
| Exam Name | RBI Grade B |
| Conducting Body | Reserve Bank of India (RBI) |
| Exam Level | National |
| Exam Frequency | Annually (The recruitment depends upon the vacancies and requirements of the concerned departments) |
| RBI Grade B Notification 2024 | Yet to be Announced |
| Mode of Exam | Online |
| Exam Purpose | To select Grade B Officers in General, DEPR, and DSIM |
| Exam Fees | INR 850 for General/OBC and INR 100 for SC/ST/PwBD (Along with the application form, candidates are also required to pay the intimation charges of 18 per cent) |
| Exam Duration | Grade B (DR) for General Phase I: 120 minutes (with sectional timings) Phase II Paper-I & III: 120 minutes Paper-II: 90 minutes DEPR/DSIM post: Paper 1: 120 minutes Paper 2: 180 minutes Paper 3: 90 minutes |
| No. of Papers | Grade B (DR) for General Phase I: Four Phase II: Paper 1, 2 & 3 Grade B (DR) for DEPR Paper I: Objective-type paper on Economics Paper II: Descriptive Type paper on Economics (Question paper displayed on the computer, answers to be written on paper) Paper III: Descriptive Type paper on English (To be typed with the help of keyboard) Grade B (DR) for DSIM Paper I: Objective type paper on Statistics Paper II: Descriptive Type paper on Statistics (Question paper displayed on the computer, answers to be written on paper) Paper III: Descriptive Type paper on English (To be typed with the help of keyboard) |
| Total Marks | Grade B (DR) for General Phase I: 200 marks Phase II (Paper 1, 2 and 3): 100 marks for each paper Interview: 75 marks Grade B (DR) for DEPR/DSIM Paper I: 100 marks Paper II & III: 100 marks for each paper Inteview: 75 marks |
| Total Questions | Grade B (DR) for General Phase I: 200 Phase II Paper I & III: 30 objective-type questions and six descriptive type questions Paper-II: Three questions Grade B (DR) for DEPR & DSIM Paper I for DEPR: 62 Paper I for DSIM: 20 Paper II & III: Economics/Statistics: 5 English (Writing Skills): 3 |
| Marking Scheme | 1/4 marks are deducted for wrong answers in objective type questions |
| Language/Medium of Exam | English and Hindi |
| No. of Test Cities | Prelims: More than 100 cities (2021) Mains: More than 20 cities (2021) |
| Official Website | rbi.org.in |
| Contact Details | 011-23711333 |
RBI Grade B Exam 2024
The RBI Grade B Exam is the most significant exam conducted in the country amongst the Banking exams. This is the only exam conducted by RBI to recruit the candidates for Grade B Office.
The RBI Grade B exam is a three-stage process, and the syllabus for written examinations comprise both an objective and a descriptive portion.
Another important thing to note is that the RBI Grade B openings are published for a variety of posts including- Officers in Grade ‘B’ (DR) – (General), Officers in Grade ‘B’ (DR) – DEPR, and Officers in Grade ‘B’ (DR) – DSIM.
RBI Grade B Recruitment Process/ Exam Pattern 2024
The Recruitment process for RBI Grade B consist of 3 phases which are:
- Preliminary Exam (Phase 1)
- Mains Exam (Phase 2)
- Interview (Phase 3)
If you want to become RBI Grade B Officer you need to clear all three phases.
Preliminary Exam:
This is basically an elimination phase in which out of Lakhs of Candidates thousands candidates got selected for the nest phase i.e. Mains.
This Phase consist of four subjects which are Reasoning, General Awareness, Quantitative Aptitude, and English Language. Each section carries specific weightage, and the total duration is 120 minutes and Maximum Marks is 200.
You have to clear the cut off marks to get into the next phase of exam i.e. Mains.
Structure of Phase I exam | ||
|---|---|---|
Sections | Number of questions | Marks |
| General Awareness | 80 | 80 |
| Reasoning | 60 | 60 |
| English Language | 30 | 30 |
| Quantitative Aptitude | 30 | 30 |
| Total | 200 | 200 |
Mains Exam:
If you Qualify in the Preliminary exam, you allow to give Mains Exam. In this phase you have to score highest marks or as much marks as you can to get selected for the last phase i.e. Interview.
Phase II exam which includes both objective and descriptive portion is of total 300 marks.
This phase comprises three descriptive papers: English Writing, Economic & Social Issues, and Finance & Management. Each paper is 3 hours long and carries 100 marks.
| Structure of Phase II exam | |||
|---|---|---|---|
| Name of the Paper | Type of Paper | Duration | Marks |
| Paper-I: Economic and Social Issues | 50 per cent Objective Type 50 per cent Descriptive, answers to be typed with the help of the keyboard | 120 MinutesObjective: 30 Descriptive: 90 | Total: 100 MarksObjective: 50 Descriptive: 50 |
| Paper-II: English (Writing Skills) | Descriptive answers to be typed with the help of the keyboard. Candidates opting to type the answers in Hindi may do so with the help of either Inscript or Remington (GAIL) keyboards layout. | 90 Minutes | 100 |
| Paper-III: Finance and Management | 50 per cent Objective Type and 50 per cent Descriptive, answers to be typed with the help of the keyboard. Candidates opting to type the answers in Hindi may do so with the help of either Inscript or Remington (GAIL) keyboards layout. | 120 minutesObjective: 30 Descriptive: 90 | Total: 100 MarksObjective: 50 Descriptive: 50 |
Interview:
This is the last Phase, candidates who scores the highest marks are called for interview and alike Mains you have to secure high marks in Interview to get selected.
After the Interview is over the List of candidates are out who got selected as RBI Grade B Officer.
RBI Grade B Officer Job Profile
You may be considering what the work profile of a ‘Grade B’ official involves.
As a layman, the vast majority realize that the RBI is the Central bank of India, and the cash stamping ace. Subsequently, it’s positively a basic foundation in our economy.
All things considered, getting posted as a Grade B official involves incredible glory. It offers the individual a chance to function as a committed, on-ground usable for the summit bank of India.
We should dive into additional subtleties so you get a decent image of what happens in backend. In this way, the following are a couple of capabilities that are performed by RBI Grade B official:
- Indeed, a RBI Grade B official investigates the credit examination arrangement of banks, KYC AML rules, cash vaults, working and the general security of the branch, and a large group of different things.
- The official’s work profile additionally frequently includes the errand of ensuring that banks under his purview capability according to the financial guidelines act 1949.
- This is an incredible obligation, as it includes safeguarding public cash and defending the interests of investors.
- Moreover, contingent upon your diligent effort, there’d likewise be extension for development inside the system of the association.
- Likewise, the Work profile would include a residency of as long as four years during a time of post-preliminary oversight. People are arbitrarily appointed to divisions. For instance, officials with experience in banking may be drafted into HRD or the other way around.
- Also, regular exchanges starting with one division then onto the next are the an integral part of this occupation profile. A fragment of Grade B officials may be engaged with the policymaking system.
Likewise, RBI, being the national bank of India, has the greater part of its workplaces in metropolitan and territorial focuses rather than the rustic ones.
RBI Grade B Officer Salary 2024
Talking about the prominent aspects, the RBI Grade B Salary 2024 is a factor that will of great interest for you.
The basic pay is ₹ 55,200/-p.m, and the initial monthly gross emoluments stands at 1,16,914/- (approximately).
So, the students that apply each year don’t merely get inspired by the renumeration, it’s all the other perks you get along.
The reason being that the RBI is known to be quite liberal in compensating even for the smallest expenses.
Therefore, the RBI salary is not just inclusive of basic pay but also other allowances and such as – Dearness Allowance (DA), House Rent Allowance (HRA), medical allowance, etc., which make it even more attractive.
The job of a RBI Grade B officer is lucrative with a salary that can be compared with high paying jobs in the corporate sector.
Moreover, since it undergoes changes every now and then, you can expect the salary to increase in due course of time.
RBI Grade B Eligibility Criteria 2024
RBI Grade B Official Notification Released and you can check out whether you are eligible or not. Eligibility is a crucial aspect of an examination process; thus, we should get a good picture of the criteria for a green light.
Here’s the detailed eligibility criteria of RBI Grade B 2024:
Age Eligibility
You must be above the age of 21 years but must not have touched the 30th year of your life. As of 01st May, 2024, you must have been born not earlier than 01nd May, 1994 and not later than 01st May, 2003.
If you have an M.Phil. or a Ph.D. degree, the upper age limits are 32 and 34 years respectively.
If you belong to the SC/ST category, there is a provision for relaxation of the upper age limit up to 5 years.
Educational Qualification
| Post | Minimum Education Qualification |
|---|---|
| General | You should have 60% marks in Graduation (50% for SC/ST/PwBD applicants) or Post Graduation with a minimum of 55% marks(pass marks for SC/ST/PwBD applicants)in aggregate of all semesters/years. Many students ask if 60% marks in graduation should be in each semester or average. Well, relax, it’s an average of all semesters. |
For other information regarding DEPR(Department of Economic and Policy Research) and DSIM(Department of Economic and Policy Research) you should check out official Notification of RBI.
RBI Grade B Vacancy 2024
Every Year RBI declare vacancies 200+ to recruit for RBI Grade B Officer. For Vacancies of 2024 we are waiting for official notification which will tell us how many vacancies are there this Year. In 2023 there are total 291 Vacancies for RBI Grade B posts.
RBI Grade B Application form 2024
While the application cycle for RBI Grade B 2024 has not begun at this point, you can investigate the subtleties connected with enrollment process for something very similar in 2023.
Already, the paper commercial distributed on 26th April 2023, though the authority warning of RBI Grade B officials’ enlistment delivered on ninth May 2023.
The notification states that the application form window will open on the same day as the announcement, which is May 9, 2023, and will remain open until June 9, 2023. Nonetheless, the end date of the application interaction was moved to sixteenth June 2023 (06:00 PM).
While hard work is the key to success, carefully filling out the application form determines what happens to that hard work.
Carefully complete the application form. It can cost a lot to make a small error.
Apply a reasonable level of investment prior to continuing with the accommodation of the application structure.
RBI Grade B Application Fees 2024
The Payment of the RBI Grade B Exam fee is the final step in filling the online application form. It means that your application is considered final only when you successfully pay the Application fee.
You can only pay the RBI Grade B 2024 application fees online via Credit/debit card/IMPS/net-banking/mobile wallets and cash cards. On the successful payment of the Exam fee, you’d receive an e-receipt from the website stating the same.
This e-receipt would need to be saved by you along with the application form.
In case your RBI Grade B 2024 Exam fee payment is not successful, then you’d have to start the Exam fee payment process from the beginning.
| Category | Charges | Amount |
|---|---|---|
| SC/ ST/ PwD | Intimation Charges only | INR 100 + 18% GST |
| GEN/ OBC/ EWS | Application fee including Intimation Charges | INR 850 + 18% GST |
| Staff | NIL | NIL |
RBI Grade B Syllabus 2024 (General Post)
RBI Grade B Syllabus for Phase I
Phase I as per RBI Grade B exam pattern 2024 is conducted for 200 marks. The syllabus for Phase I is divided into four parts: General Awareness, English Language, Quantitative Aptitude, and Reasoning. Candidates qualifying the exam by securing the minimum marks separately for each test are selected for Phase II. RBI Grade B syllabus for Phase I is given below:
RBI Grade B Syllabus for General Awareness
The major topics of General Awareness revolve around the Indian Economy and Financial Systems. RBI Grade B syllabus for General Awareness is given below:
- Banking & Financial, Economic News, Banking Terminology, Recent RBI News like Monetary policies, Important guidelines, Financial & Economics News, Economics terms, etc.
- Current Affairs both national and international, sports, awards, summits & conferences, schemes, agreement & deals, etc.
- Static GK like Parks, Dam, Thermal Power Plants, Mountains, Temples, Stadiums, Airports, etc.
RBI Grade B Syllabus for English Language
RBI Grade B English Language syllabus comprises reading comprehension and grammar. Some of the important topics for English Language section are given below:
- Reading Comprehension
- Cloze Test
- Para jumbles
- Spotting Error
- Phrase Replacement / Error Spotting
- Para Completion
- Fill in the Blanks (Vocabulary)
RBI Grade B Syllabus for Quantitative Aptitude
The Quantitative Aptitude section appears in the Phase 1 exam of RBI Grade B. Candidates need to prepare this section in a focused manner. Candidates must have their basics cleared and practise consistently to perform better in the exam.
- Number Series
- Data Interpretation (Missing DI, Pie Chart, Caselet DI, Mix DI)
- Quadratic Equation
- Miscellaneous Questions (Profit Loss, Average, SI & CI, Ratio & Proportion, Time & Work, Time, Speed & Distance, Boats & Streams, etc.)
- Data Sufficiency
RBI Grade B Syllabus for Reasoning Ability
The Reasoning syllabus of RBI Grade B prelims can be aced easily if prepared well. Candidates need to have factual knowledge of the different topics. A detailed study plan with the best books will improve the level of preparation. RBI Grade B Reasoning Ability syllabus is given below:
- Syllogism
- Seating Arrangement
- Linear Arrangement
- Puzzle
- Input-Output
- Logical / Analytical Reasoning
- Data Sufficiency
- Inequality
- Coding-Decoding
- Miscellaneous Questions
RBI Grade B Syllabus for Phase II
The phase II of RBI Grade B comprises three papers: I, II & III. RBI has revised the exam pattern of the phase-II exam. The exam pattern has been revised for Paper-I (Economic and Social Issues) and III (Finance and Management). As per the revised pattern, Paper-I and III comprise both objective and descriptive-type questions. 50 per cent of the questions comprise objective type and 50 per cent are descriptive type. The pattern of Paper-II (Writing Skills) remains the same as before. Paper-II comprises descriptive-type questions. RBI Grade B syllabus for all three papers is given below:
RBI Grade B Syllabus for Economic and Social Issues (Paper 1)
RBI has revised the syllabus for Paper 1. The topics and sub-topics are given below:
1. Growth and Development: Measurement of growth: National Income and per capita income-Poverty Alleviation and Employment Generation in India-Sustainable Development and Environmental issues.
2. 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.
3. 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.
4. 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 Syllabus for English (Writing Skills) (Paper 2)
The paper on English is framed to assess the writing skills of candidates. Besides, it will test the candidate’s understanding of the given topic:
RBI Grade B Syllabus for Finance and Management (Paper 3)
The questions on Finance will be asked from the following topics:
1. Financial System
- Regulators of Banks and Financial Institutions
- Reserve Bank of India- functions, and conduct monetary policy
- Banking System in India
- Structure and concerns
- Financial Institutions-SIDBI, Exim Bank, NABARD, NHB, etc
- Changing landscape of banking sector
- Impact of the Global Financial Crisis of 2007-08 and the Indian response
2. Financial Markets
Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.), functions, instruments, recent developments.
3. General Topics
- Risk Management in Banking Sector
- Basics of Derivatives
- Global financial markets and International Banking-broad trends and latest developments
- Financial Inclusion
- Alternate source of finance, private and social cost-benefit, Public-Private Partnership
- Corporate Governance in Banking Sector, the role of e-governance in addressing issues of corruption and inefficiency in the government sector
- The Union Budget-Concepts, approach, and broad trends
- 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
- FinTech
RBI Grade B books are prescribed by the RBI. Candidates can refer to the books given below for the RBI Grade B exam. These best books for RBI Grade B will help candidates to go long way in clearing the exam:
Economic and Social Issue
Indian Economy
- Uma Kapila (series of books)
- Mishra & Puri (Latest Edition)
Growth and Development: Devraj Ray
Sociology: C.N. Shankar Rao
Public Finance: K K Andley and Sundaram
- Candidates can refer to the newspapers
- Magazines/Periodicals/ Bulletins including RBI Bulletins, EPW, etc.
- World Development Report
- Economic Survey of India
- RBI Annual Report
- Report on Trend and Progress of Banking in India
- IMF: World Economic Outlook
- Material sourced from RBI website
Finance and Management
Finance
• Monetary Theory and Public Policy- Kenneth Kurihara
• Indian Economy-Mishra & Puri
• Economic Growth and Development-Mayer and Baldwin
• Financial Management – Prasanna Chandra
• Major financial newspapers
• International business by Hill and Jain
• RBI Annual Report, Report on Trend and Progress of Banking in India, etc.
• Economic Survey
• Material sourced from RBI website
English Language
- Objective English by Edgar Thorpe
- Objective General English by RS Aggarwal, Vikas Aggarwal
- Word Power Made Easy by Norman Lewis
Reasoning
- Test of Reasoning by Edgar Thorpe
- A modern approach to verbal & non-verbal Reasoning by RS Aggarwal
- How to prepare for Logical Reasoning by Arun Sharma
- Analytical Reasoning by MK Pandey
Management
- Stephen P Robbins & Mary Coulter, Management
- Robbins Stephen P and Judge T A Vohra, Organisational Behaviour
- Dessler Gary, Warkkey Biju- Human Resource Management
- Decenzo and Robbins-Fundamentals of Human Resource Management
- Velasquez Manuel G: Business Ethics-Concepts and Cases
- Fernando A C: Business Ethics-An Indian Perspective
- Crane Andrew & Matten Dirk: Business Ethics
- Ghosh B N: Business Ethics & Corporate Governance
RBI Grade B Interview Syllabus
RBI Grade B interview is the final phase of selection process. Candidates qualifying the Phase 1 and 2 exams are called for the interview. The performance of the candidates in the Interview will decide their final selection for RBI Grade B exam. There is no syllabus for interview, candidates are asked questions related to their education, RBI guidelines. job profile, etc.
RBI Grade B Preparation Tips
I think we have clear everything related to RBI Grade B Exam, Now if we talk about the preparation Tips then there are some important things while preparing for RBI Grade B Exam, which are:
- Have a Proper Study Plan/ Strategy and stick to it.
- Study according to syllabus
- Be consistent
- You should have a clear plan or focus regarding you weak/ strong points (Do SWOT Analysis of Yourself for it)
- Don’t miss to solve the PYQs(Previous Year Questions)
- Try to Give Mocks as much as you can to do self analysis.
RBI Grade B Books/ Resources
| Sections | RBI Grade B Books |
|---|---|
| Reasoning | Analytical Reasoning by M K Pandey Verbal and Non-Verbal Reasoning by R S Aggarwal |
| English Language | Objective General English by S P Bakshi Word Power Made Simple by Norman Lewis High School Grammar and Composition by Wren and Martin |
| Quantitative Aptitude | Magical Book on Quicker Maths by M Tyra Quantitative Aptitude for Competitive Examinations written by R.S. Agarwal How to Prepare for Quantitative Aptitude for CAT written by Arun Sharma |
| Banking Awareness | Banking Awareness for SBI and IBPS Bank Clerk/PO/RBI Exams/RRB by Disha Experts Banking Awareness by Arihant Experts |
Note: These books are not any promotion, these books are based on student reviews and the content they have. If you have any other resources then these you can stick to this.
RBI Grade B Admit Card 2024
The Admit Card is not released yet, it will be released 10-15 days before the exam date. Here are the steps to download admit card for RBI Grade B Exam:
- Visit the official website of RBI
- Click the ‘RBI Grade B admit card’ download link on the home page
- Enter the login credentials-registration number or roll number and date of birth or password
- RBI Grade B admit card appears on the screen
- Download the admit card and take its printout
RBI Grade B Exam Analysis 2023
RBI Grade B Phase 1 Exam Analysis 2023
The Phase 1 exam difficulty level is Moderate to Difficult. The Maths section was tough and GA is Moderate and Reasoning and English is Easy level. So you can prepare accordingly to make your Maths section Strong and have a good command on other sections as well.
Overall Difficulty Level
| Sections | Difficulty Level |
|---|---|
| General Awareness | Moderate |
| Reasoning Ability | Easy |
| English Language | Easy |
| Quantitative Aptitude | Difficult |
| Overall | Moderate to Difficult |
RBI Grade B Phase 2 Exam Analysis 2023
The Phase 2 is overall Easy to Moderate Level, If Candidate have a Good Command on the all these subjects then he/she can easily crack the cut off for Phase 2. The overall difficulty level of the RBI Grade B Phase 2 exam is given below.
| Name Of Paper | Difficulty Level |
|---|---|
| Paper-I: Economic and Social Issues | Easy to Moderate |
| Paper-II: English (Writing Skills) | Easy to Moderate |
| Paper-III: General Finance & Management | Easy to Moderate |
RBI Grade B Result 2024
RBI Grade B results released separately for Prelims and Mains, Here are the Cut off/ Result of RBI Grade B 2023:
RBI Grade B Phase 1 Cut off 2023
| Section | Category | |||||
|---|---|---|---|---|---|---|
| GENERAL/UR | EWS | OBC | SC | ST | PwBD (A,B,C,D) | |
| General Awareness (Maximum Marks = 80) | 12.00 | 12.00 | 8.00 | 6.25 | 6.25 | 6.25 |
| English Language (Maximum Marks = 30) | 4.50 | 4.50 | 3.00 | 2.25 | 2.25 | 2.25 |
| Quantitative Aptitude (Maximum Marks = 30) | 4.50 | 4.50 | 3.00 | 2.25 | 2.25 | 2.25 |
| Reasoning (Maximum Marks = 60) | 9.00 | 9.00 | 6.00 | 4.75 | 4.75 | 4.75 |
| Total Marks (Maximum Marks = 200) | 54.25 | 54.25 | 54.25 | 52.75 | 44.75 | 40.25 |
RBI Grade B Phase 2 Cut off 2023
| RBI Grade B Phase 2 Cut Off 2023 | ||||||
|---|---|---|---|---|---|---|
| RECRUITMENT STAGE | GENERAL | OBC | SC | ST | EWS | PwBD |
| AGGREGATE CUT – OFF MARKS IN PAPER- I, PAPER-II AND PAPER- III TAKEN TOGETHER IN WRITTEN EXAMINATION FOR SHORTLISTING THE CANDIDATES FOR INTERVIEW (OUT OF TOTAL 300 MARKS). | 169.00 | 169.00 | 156.50 | 148.50 | 169.00 | 148.00 |
Conclusion
In this blog we have discussed everything related to RBI Grade B Exam, If you read this blogs then you don’t have any doubt related to RBI Grade B Exam, We Have covered Exam Pattern, Syllabus, How to Prepare, Exam date, Exam Analysis, Notification, Cut off etc.
If you are want to work in RBI then this is the best opportunity to work in the India’s Central bank, prepare for it and Crack It!
Best Wishes from Eduexa!
Frequently Asked Question(FAQs)
Q. When RBI Grade B 2024 Notification will be Result?
Ans: RBI Grade B Exam 2024 Notification will be released in the first week of July.
Q. What is RBI Grade B Salary?
Ans: The basic pay is ₹ 55,200/-p.m, and the initial monthly gross emoluments stands at 1,16,914/- (approximately).
Q. Is RBI Grade B Exam is difficult to clear?
Ans. The RBI grade B exam test the candidate’s knowledge regarding Finance, General Knowledge, Economy, Banking. If you have a good strategy and study plan regarding these then it’s not that tough to clear RBI Grade B Exam.
