RBI Grade B

RBI Grade B 2024: Notification, Latest News, Eligibility, Salary & Vacancies

March 13, 2024

Table of Contents

Table of Contents

RBI Grade B 2024 Examination conducted by the Reserve Bank of India, is a lucrative and in-demand opportunity for individuals who are willing to establish a career in the banking sector.

RBI Grade B

The RBI Grade B 2024 exam is directed by the Reserve Bank of India, annually. This golden opportunity is available for aspiring candidates once every year.

RBI Grade B 2024 exam is conducted in three different stages that are considered as preliminary examination (phase 1), the mains examination (phase 2), and the final interview round (phase 3).

Individuals aspiring to appear for the RBI Grade B 2024 exam must ensure that they fall within the eligibility criteria set by the conducting body Reserve Bank of India, before applying for the exam.

Candidates are selected and given the entitlement to enhance further in their recruitment process based on their overall fitness for the role along with their performance in the preliminary examination, mains exam and interview round.

RBI Grade B Exam Highlights

OrganizationReserve Bank of India
Post NameThe pay scale is on the scale of Rs. 55200-2850(9)-80850-EB-2850 (2) – 86550-3300(4)-99750
VacancyTo Be Notified
RBI Grade B 2024 Exam DatePhase 1 – To Be Notified 
Phase 2 – To Be Notified
Level of ExamNational
Frequency of ExamAnnually
Language of ExamEnglish and Hindi
Maximum Number of Attempts6 for a General Category Candidate (If one has already appeared for the Phase 1 exam 6 times, then he/she is not eligible.)
Participating Banks/BodiesReserve Bank of India
Application ModeOnline
Exam ModeOnline
Recruitment ProcessPhase 1 (Preliminary), Phase 2 (Mains), Final Interview Round
Education QualificationBachelor’s degree in any stream /Similar technical or efficient qualification with minimum 60% marks (50% for SC/ST or PwBD candidates) or Post-Graduation / Equivalent technical degree with minimum 55% marks (pass marks for SC/ST or PwBD candidates) in total of all semesters/ years.
Age Limit21 to 30 Years
SalaryPay scale is on the scale of Rs. 55200-2850(9)-80850-EB-2850 (2) – 86550-3300(4)-99750
Official Websitewww.rbi.org.in

RBI Grade B Important Dates

Important EventsImportant Dates (Tentative)
Notification releaseMarch 2024
Online Registration OpenMarch 2024
Online Registration EndsApril 2024
Phase 1 Admit CardTo Be Notified
 Phase 1 Exam DateJune 2024
Phase 2 Admit CardTo Be Notified
Phase 2 Exam DateJuly 2024
Phase 1 ResultTo Be Notified
Phase 2 ResultTo Be Notified
Interview DateTo be sent to the qualified candidate’s email
Final Result DateTo be Notified

RBI Grade B Vacancies

Vacancies will be mentioned in the official notification. Notification is expected to be released in April 2024.

RBI Grade B Eligibility

The candidates are required to fulfil certain educational qualification criteria to be eligible to appear in the RBI Exam

All the individuals willing to grab this opportunity must be aware of all the eligibility criteria set by RBI to be able to advance further in the recruitment process. If a candidate does not meet the RBI Grade B eligibility requirements, their application may be rejected at any point during the RBI Grade B Recruitment 2024 process.

RBI Grade B eligibility criteria constitute the number of attempts, age limit criteria, Nationality/ Citizenship and educational qualification.

Age

Candidates intending to apply must fall in a certain age group to be considered entitled to the recruitment process.

  • The minimum age limit to appear for the RBI Grade B examination is 21 and the maximum age limit for the same is 30.
  • In addition, for those candidates who possess PhD and M.Phil. qualifications, the upper age limit for them will be 32 and 34 years respectively.
  • However, RBI provides an advantage of age relaxation to the candidates belonging to reserved categories like SC/ ST, OBC or PWD.

Shown below is a brief description of the age relaxation for several reserved categories:-

       Category    Maximum Age Limit (In Years)
Scheduled Caste(SC)                  35
Scheduled Tribe(ST)                  35
Other Backward Classes (OBC)                  33
PwD (General/ EWS)                  40
PwD (OBC)                  43
PwD (SC/ ST)                  45

Number of Attempts

Aspirants must note that there is a set limit for the number of times an individual may appear for this exam, however, it is specified category-wise. The general category candidates have a certain limit while other categories are not necessarily bound within limits, according to the set guidelines for the RBI Grade B 2024 exam. Refer to the table shown below-

CategoryNumber of Attempts
General6 Attempts
SC/ST/EXSM/PWDNo Limit

Nationality 

  • An Indian Citizen. 
  • A subject of Nepal/Bhutan. 

Educational Qualifications

Officers in Grade ‘B’ (DR) – (General)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.
Officers in Grade ‘B’ (DR) – DEPRA Master’s Degree in Economics / Econometrics / Quantitative Economics / Mathematical Economics / Integrated Economics Course/ Finance, with a minimum of 55% marks or an equivalent grade in aggregate of all semesters /years from a recognised Indian or Foreign University /Institute.
Officers in Grade ‘B’ (DR) – DSIMMaster’s Degree in Mathematics with a minimum of 55% marks or an equivalent grade in aggregate of all semesters/years and one-year postgraduate diploma in Statistics or related subjects from an Institute of Repute.

RBI Grade B Admit Card

The admit card is an essential document for the aspirants that must be kept with them while entering the examination hall. Without this Admit Card candidate’s entry into the examination hall will be denied. RBI Grade B admit card is released by the official authorities to inform the candidates about the exam dates, place and reporting time. 

The details are released 10-15 days before the exam. It is extremely important because it helps to avoid any kind of fraudulent activity and misrepresentation in the exam, at the same time helping the candidates to be able to note the examination centre and exam date and reach the centre before the reporting time.

How to download RBI Grade B 2024

  1. Visit the official site of the RBI.
  2. Click the  “Opportunities @RBI” link that is located at the bottom of the RBI homepage.
  3. Further, click on the “current vacancies” option. A notification list is displayed on the screen. Click on the “RBI Grade B 2024 Admit Card link”.
  4. Individual aspirants are required to enter Roll Number/Registration Number and Date of Birth/ Password.
  5. Further, the candidate is redirected to the RBI Grade B 2024 Admit Card.
  6. Download the admit card get a copy/printout of the same and carry it with you at the exam centre.

Admit Card Details

  • Candidate’s Name
  • Roll Number
  • Date of Birth
  • Scanned Photograph & Signature
  • Complete Address of the Examination centre
  • Exam day guidelines
  • Reporting time

RBI Grade B Exam Centers

Andaman & NicobarPort Blair
Andhra Pradesh & TelanganaGuntur, Narasaraopet, Hyderabad, Rangareddy-Kodada, Karimnagar, Warangal, Rajahmundry, Kakinada, Tirupati, Chittoor, Vijaywada, Kanchikacherla, Gudlavalleru, Eluru, Vishakhapatnam, Vizianagaram
Arunachal PradeshItanagar, Naharlagun city
AssamDibrugarh, Guwahati, Jorhat, Silchar
BiharBhagalpur, Muzaffarpur, Patna
ChandigarhChandigarh
ChattisgarhRaipur, Bhilai
Daman & DiuJamnagar
GoaVarna
GujaratAhmedabad, Gandhi Nagar, Bhavnagar, Jamnagar, Rajkot, Surat, Vadodara
HaryanaHissar, Karnal, Rohtak
Himachal PradeshDharamsala, Shimla
Jammu & KashmirJammu
JharkhandBokaro, Dhanbad, Jamshedpur, Ranchi
KarnatakaBelgaum, Bagalkot, Bengaluru, Chikaballapur, Kolar, Tumkur, Gulbarga, Bidar, Hubli, Dharwad, Haliyal, Gadag, Mangalore, Mysore, Mandya, Udipi
KeralaKannur, Kasargod, Kochi, Alappuzha, Kottayam, Pathanamthitta, Kozhikode, Malappuram, Thrichur, Palakkad, Thiruvananthapuram, Kollam, Nagarcoil
LakshadweepKavaratti
Madhya PradeshBhopal, Gwalior, Indore, Jabalpur
MaharashtraAurangabad, Kolhapur, Mumbai, Navi Mumbai, Thane, Nagpur, Nasik, Pune, Solapur
ManipurImphal
MeghalayaShillong
MizoramAizawl
NagalandKohima
New DelhiDelhi –NCR
OrissaBalasore, Berhampur (Ganjam), Bhubaneswar, Cuttack, Sambalpur
PuducherryCuddalore, Villupuram
PunjabAmritsar, Bhatinda, Jalandhar, Ludhiana, Mohali, Patiala
RajasthanAjmer, Jaipur, Jodhpur, Kota, Udaipur
SikkimGangtok, Bardang City
TamilnaduChennai, Vellore, Coimbatore, Erode, Thirupur, Madurai, Virudhunagar, Dindigul Salem, Namakkal, Thiruchirapalli, Perambalur, Pudukottai, Thanjavur, Tirunelvelli, Kanyakumari, Tuticorin
TripuraAgartala
Uttar PradeshAgra, Allahabad, Bareilly, Gorakhpur, Kanpur, Lucknow, Meerut, Varanasi
UttarakhandDehradun, Haldwani, Nainital, Roorkee City
West BengalBerhampore (WB), Durgapur, Kolkata, Greater Kolkata, Howrah, Hooghly, Kalyani, Siliguri

RBI Grade B Application Process

All the candidates aspiring to appear for the RBI Grade B Exam must note that the Reserve Bank of India (RBI) has initiated accepting applications for this exam from 9th May 2024. Aspirants must start completing their registration process and submit their online application by visiting the official website of RBI (www.rbi.org.in).

Application Fees

The overall submission of the application along with the total fees will be conducted in online mode only.

For the candidates belonging to the General/OBC category, the application fee is a total of Rs. 850 and for the candidates belonging to the SC/ST/PWD category, the application fee is Rs. 100.

Application Steps

RBI has initiated accepting applications for RBI Grade B 2024 in online mode. Aspirants have to depend on online mode only for submitting applications and the fees. All the aspirants must ensure accuracy while filling up the details in the application form.

The application form for RBI Grade B 2024 Examination is accessible on the official website of RBI ( rbi.org.in).

Refer to the following steps:-

  • Step 1:- Visit the official website – https://rbi.org.in
  • Step 2:- Open the link for “RBI Officer Grade B 2024 Recruitment”
  • Step 3:- Complete the Online Registration process.
  • Step 4:- Carefully fill in the complete details in the Application Form for RBI Grade B 2024
  • Step 5:- Upload your required documents; Recent Photograph and Signature.
  • Step 4:- Finally finish your application process by completing the payment of the application fees.
  • Step 6:- Take a printout of the same, for reference in future.

Note:- Candidates should ensure the submission of their application to avoid any last-minute difficulty.

RBI Grade B Exam Pattern

The RBI Grade B exam pattern provides overall information and a proper pattern of the exam. To excel in the RBI Grade B Examination, individual aspirants need to make note of all the most important sections that carry the maximum weightage, the number of questions, and the total duration of the exam.

RBI Grade B 2024 Exam Pattern For Phase 1

Name of SubjectNo. of QuestionsMaximum MarksDuration
General Awareness808025 minutes
English Language303025 minutes
Quantitative Aptitude303025 minutes
Reasoning Ability606045 minutes
Total200200120 minutes

RBI Grade B 2024 Exam Pattern For Phase 2

Name of TestPaper TypeMaximum MarksTime Allotted
Paper I – Economic and Social Issues50% Objective Test
50% Descriptive Test
50
50
30 mins
90 mins
Paper-II – English (Writing Skills)Descriptive Test10090 mins
Paper III – Finance and Management50% Objective Test
50% Descriptive Test
10030 mins
90 mins

RBI Grade B Syllabus

All aspiring candidates should refer to the official syllabus to start preparing for the RBI Grade B Exam. However the recent notification for RBI Grade B 2024 has not been concluded yet, we have provided the information regarding the expected based on the previous year’s notification. Check out the RBI Grade B Syllabus.

Syllabus for Phase 1

To make it easier for the candidates to access the syllabus for the Phase 1 Examination of the RBI Grade B 2023 it has been categorized into four sections.

The syllabus for all 4 subjects is given below.

Quantitative Aptitude Syllabus

Candidates must have a great command of questions majorly based on Quantity, Data Interpretation, Simplification, Data Sufficiency, Approximation, Quadratic Inequalities, and Number Series.

Also, some important Arithmetic Topics are a partnership, speed-time distance, Average, Age, Profit and loss, Time and work, Boat and stream, Trains, Simple Interest and Compound Interest, Percentage, Ratio and proportion.

Reasoning Syllabus

Reasoning Syllabus for RBI Grade B 2024 includes Logical Reasoning questions, Coding-Decoding, Blood Relation, Syllogism, Input Output, Data sufficiency, Puzzle, Alphanumeric Series, Order and Ranking, Direction Sense, Alphabet Test.

English Language Syllabus

This examination analyzes the candidates with their efficiency in topics like Phrases and Idioms, Para jumbles, Error spotting, also some relevant questions on New Patterns like Reading comprehension Paragraph completion, Rectifying Grammatical errors, Rearrangement of words, Column Based Questions, questions on Sentence Improvement.

General Awareness Syllabus  

  • Important notifications on the Reserve Bank of India(RBI)
  • Daily News
  • Economic Survey
  • Union Budget
  • General Knowledge(Static)
  • Questions on Circulars and Reports
  • Government Schemes (Union & State Government schemes)

*To refer to the material related to current affairs available on the websites of RBI, candidates are required to log in to the exam page, and then click on RBI current affairs under the section RBI Grade B access resources.

GK/General Awareness for particular topics to study Current Affairs

  • Appointments/ Constituencies
  •  Sports
  • Awards
  • Film Festivals
  • Meetings/Summits
  • Schemes/Campaigns/Portals
  • International News/India’s initiative with other countries
  • Information related to  museums, Power plants, Ports/Industrial Parks any missile launch
  • Relevant Reports
  • Terminology related to Banking
  • Bank Headquarters
  • News related to Monetary Policy; Important Guidelines for Finance knowledge
  • Socio-Economic Caste Census
  • Union Budget
  • Economic Survey

General Awareness for Specific Topics for Static General Knowledge

  • Refer to certain Biography/Autobiography
  • Learn Abbreviations
  • Festivals
  • Stadiums
  • National Parks
  • Books
  • Sports related questions
  • Places of Importance like World Heritage Sites/Lakes/Rivers/Mountains/Temples
  • Currencies
  • Capitals
  • Dates related to National and International Days
  • Dams
  • Airports

Phase 2 Syllabus

Globalization: 

The phase 2 exam will carry questions based on globalization, Hence, candidates should refer to information on regional economic corporations, export-import policy, Monetary Fund International, WTO, International Economic issues and World Bank, Indian Economy, Balance of Payments, and International Economic Institutions

Indian Economy: 

Indian Money and Financial Markets: Link with the Economy – Role of Indian Banks and Reserve Bank in the Development Process – Political Economy – Public Finance – Indian Agriculture Industrial Developments in India – Services sector in India. Economic History of India. Changes in Industrial and Labour Policy. Financial and fiscal policy since the 1991 reforms. 

The Union Budget’s and the Economic Survey’s priorities and recommendations.

Growth and Development: 

Growth is measured in terms of national income and per capita income, as well as the reduction of poverty and creation of jobs in India, sustainable development, and environmental issues.

Social Structure in India: 

Social Movements, the Indian Political System, Human Development, the Spread of the Urban Culture and Migration, Gender Issues, Social Justice: Health and Education, Positive Discrimination for the Underprivileged, Social Movements, and Social Sectors in India.

RBI Grade B Descriptive English Syllabus

The test for English is set to analyze the candidate’s skills of writing, art of expression and the overall understanding of the topic. Essay writing, Letter writing, Precis, etc.

RBI Grade B Finance and Management Syllabus

General Topics 

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

Financial Markets

Relevant information on Primary and Secondary Markets (Money, Forex, Equity, Bond, etc.), instruments, functions, and current developments.

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 – EXIM Bank, SIDBI, NHB, NABARD, etc, Changes in the landscape of banking sector, Impact of the Global Financial Crisis of 2007-08 and the Indian response 

Management

  • Basic Fundamentals of Management & Organizational Behavior: 
  • Proper overview of all the fundamentals of Management; Scientific, administrative, human relations, and the advancement in management theory; Nudge theory; managerial responsibilities.
  • Meaning & concept of organizational behavior; Personality: 
  • Big Five model of personality, meaning-related factors, the idea of reinforcement, and perception-related topics like perceptual errors.

Motivation: 

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

Leadership: 

Candidates should also learn certain Behavioral and transformational concepts and theories to have a proper idea of the leadership content. Also, Emotional Intelligence and its Concept and importance. Overall Interpersonal Relationship analysis: Transactional Analysis, Johari Window; Conflict: Concept, Types, Sources, Conflict management; Organizational Change: Theories of Planned Change (Lewin’s change model, Action research model, Positive model) Concept, Kurt Lewin Theory of Change; Organizational Development (OD): Organizational Change, Strategies for Change.

Ethics at the Workplace and Corporate Governance

Candidates should learn what the importance of Ethics is and what certain Ethical issues that businesses face are. Theories of ethics: Utilitarianism: social cost and benefits, rights, and duties, Justice and fairness, justice, integrating utility, rights, caring and justice, An alternative to moral principles: virtue ethics, teleological theories, and relativism, egoism theory, Moral issues in business: Ethics in Compliance, Finance, Human Resources, Marketing, etc. Also, Ethics and structure of the organization, Board of Directors- roles and responsibilities, introduction to Business, Information regarding the Code of Conduct and Code of Ethics.

RBI Grade B Results and Cutoffs

After the completion of the overall recruitment process for the RBI Grade B 2024 exam, a cut-off score is announced each year. It is the minimum mark that a candidate is required to obtain to be considered qualified for all three phases separately. The cut-off is separately declared for all three phases of the RBI Grade B exam. To successfully pass the exam, an aspirant should surely pass both the sectional and overall cut-off to enhance further in the recruitment process. This will help aspiring individuals to strategize their preparation analyze the exam pattern and also understand the competitiveness of the RBI Grade B Exam.

RBI Grade B Cut-Off – Previous Year (2022) 

For the candidates to get an idea of the difficulty level and the pattern of the RBI Grade B exam, they must note the previous year’s cut-off. 

As mentioned above, several elements affect the overall cut-off of the RBI Grade B exam. Cut-off and it keeps changing every year. 

Candidates can refer to the table below to check the cut-off details for the previous year.

CategoryRBI Grade B Cut Off (2022)
General234.50
OBC223.00
EWS187.50
SC202.50
ST179.00
PwBDGeneral-208.25 OBC-196.75 SC-176.25

RBI Grade B Salary Structure

The Reserve Bank of India offers highly profitable RBI Grade B Salary 2024 to the candidates recruited as Officers. Along with the salary, the candidates are also authorized to numerous perks and emoluments that increase the desirability of their job.

  • The starting basic salary for RBI Grade B is Rs.55,200/ per month.
  • As per RBI Grade B 2024, Officers in Grade B are salaried on the scale of Rs. 55200-2850(9)-80850-EB-2850 (2) – 86550-3300(4)-99750.
  • While the gross monthly salary of an RBI Grade B 2024 officer is Rs. 1, 08,404/-(approx) for a newly recruited officer. 

To read more about RBI Grade B Salaries, Click Here

FAQs

Why RBI Grade B is so difficult?

RBI Grade B exam is considered to be a challenging exam as it is highly competitive and attracts a large number of candidates every year. The exam is outlined to examine the candidate’s knowledge and understanding of various topics allied with economics, banking, and finance.

Who is eligible for RBI Grade B 2024?

Aspirants should have completed their graduation with a minimum of 60% marks or a master’s degree with a minimum of 55% marks to become entitled to RBI Grade B 2024.

Is RBI Grade B Notification Out?

Yes, the RBI Grade B Short Notification is declared on 26th April 2024. The detailed notification will be declared on 9th May 2024 on the RBI’s official website.

Can I become an RBI Grade B Officer?

The recruitment process for the RBI Grade B 2024 exam is conducted in three different stages that are considered as Preliminary Exam (phase 1), the Main Exam (phase 2), and the final interview round (phase 3). Candidates should also know the difficulty level of the RBI Grade B 2024 exam before applying. An aspirant can become an RBI Grade B officer with consistent exercise and hard work.

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