RBI Grade B

RBI Grade B 2023: Latest News, Eligibility, Salary & Vacancies

September 25, 2023

Table of Contents

Table of Contents

RBI Grade B 2023 Examination conducted by the Reserve Bank of India, is a lucrative and high in demand opportunity for the individuals who are willing to establish a carrier in banking sector.

RBI Grade B

This year Reserve Bank of India has announced 291 vacancies for numerous posts of DEPR, DR and DSIM.

RBI Grade B 2023 exam is directed by the Reserve Bank of India, annually. This golden opportunity is available for the aspiring candidates once every year.

RBI Grade B 2023 exam is conducted in three different stages that are considered as preliminary examination (phase 1), mains examination (phase 2), and the final interview round (phase 3).

Individuals aspiring to appear for RBI Grade B 2023 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 entitlement to enhance further in their recruitment process on the basis of their overall fitness for the role along with the performance in preliminary examination, mains exam and interview round.

RBI Grade B Exam Highlights

OrganizationReserve Bank of India
Post NameThe RBI Grade B 2023 Notification is declared for several posts including: Officers in Grade ‘B’ (DR) for General
Officers in Grade ‘B’ (DR) for DEPR
Officers in Grade ‘B’ (DR) for DSIM

RBI Grade B 2023 Exam Date
Phase 1 – 9th July 2023 for General, 16th July 2023 for  DSIM, DEPR  
Phase 2 – 30th July 2023 for General, 2nd September 2023 for DEPR, 19th August 2023 for DSIM
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
Notification release26th April 2023 
Online Registration Open9th May 2023
Online Registration Ends9th June 2023 (Till 6:00 PM)
Phase 1 Admit Card10-15 days before the exam (June/July 2023)
 Phase 1 Exam DateOfficers in Grade ‘B’ (DR) for General – 9th July 2023
Officers in Grade ‘B’ (DR) for DEPR – 16th July 2023
Officers in Grade ‘B’ (DR) for DSIM – 16th July 2023
Phase 2 Admit CardJuly 2023
Phase 2 Exam DateOfficers in Grade ‘B’ (DR) for General – 30th July 2023
Officers in Grade ‘B’ (DR) for DEPR – 2nd September 2023
Officers in Grade ‘B’ (DR) for DSIM – 19th August 2023
Phase 1 Result18th July 2023
Phase 2 Result28th August 2023
Interview DateTo be disclosed
Final Result DateTo be disclosed

RBI Grade B Vacancies

Officers in Grade ‘B’ (DR)–(General)10925174922222
Officers in Grade ‘B’ (DR)–DEPR140406 (04)110338
Officers in Grade ‘B’ (DR)–DSIM0908 (05)05 (05)060331

RBI Grade B Eligibility

The candidates are required to fulfill a certain educational qualification criteria in order to be eligible for appearing in 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 2023 process.

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


Candidates intending to apply must fall in a certain age group to be considered entitled for 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, 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 the reserved categories like SC/ ST, OBC or PWD.

Shown below is 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 RBI Grade B 2023 exam. Refer to the table shown below-

CategoryNumber of Attempts
General6 Attempts


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

Educational Qualifications

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 Post-Graduation / Equivalent technical qualification with minimum 55% marks (pass marks for SC/ST/PwBD applicants) in aggregate of all semesters / years.
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 post graduate 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 you while entering into 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 the reporting time. 

The details are released 10-15 days prior to 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 2023

  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 gets displayed on screen.. Click on the “RBI Grade B 2023 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 2023 Admit Card.
  6. Download the admit card and get a copy/print out 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
ChattisgarhRaipur, Bhilai
Daman & DiuJamnagar
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
Madhya PradeshBhopal, Gwalior, Indore, Jabalpur
MaharashtraAurangabad, Kolhapur, Mumbai, Navi Mumbai, Thane, Nagpur, Nasik, Pune, Solapur
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
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 RBI Grade B Exam must note that the Reserve Bank of India (RBI) has initiated accepting applications for this exam from 9th May 2023. 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 candidate’s 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 2023 in online mode. Aspirants have to depend on online mode only for submitting applications and the fees both. All the aspirants must ensure accuracy while filling up the details in the application form.

Application form for RBI Grade B 2023 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 2023 Recruitment”
  • Step 3:- Complete the Online Registration process. (starts 9th May 2023).
  • Step 4:- Carefully fill the complete details in the Application Form for RBI Grade B 2023
  • 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 print out of the same, for reference in future.

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

RBI Grade B Exam Pattern

The RBI Grade B exam pattern provides an overall information and a proper pattern of the exam. To excel in the RBI Grade B Examination, it is important for individual aspirants 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 2023 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 2023 Exam Pattern For Phase 2

Name of TestPaper TypeMaximum MarksTime Allotted
Paper I – Economic and Social Issues50% Objective Test
50% Descriptive Test
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 the aspiring candidates should definitely refer to the official syllabus to start preparing for the RBI Grade B Exam. However the recent notification for RBI Grade B 2023 has not been concluded yet, we have provided the information regarding the expected based on the previous year notification. Check out RBI Grade B Syllabus.

Syllabus for RBI Grade B 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.

RBI Grade B Quantitative Aptitude Syllabus

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

Also, some important Arithmetic Topics: like Partnership, Speed-Time-Distance, Average, Ages, Profit & Loss, Time & Work, Boat & Stream, Trains, Simple Interest and Compound Interest, Percentage, Ratio & Proportion.

Reasoning Syllabus for RBI Grade B

Reasoning Syllabus for RBI Grade B 2023 includes Logical Reasoning questions, Coding Decoding, Blood Relation, Syllogism, Input Output, Data sufficiency, Puzzle, Alphanumeric Series, Order and Ranking, Direction Sense, Alphabet Test.

RBI Grade B English Language Syllabus

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

General Awareness Syllabus for RBI Grade B  

  • Important notifications on 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)

*In order to refer to the material related to current affairs available on the websites of RBI, candidates are required to log in the exam page, 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 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

RBI Grade B Phase 2 Syllabus


The phase 2 exam will carry questions based on globalization, Hence, candidates should refer information on regional economic corporation, 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, Spread of the Urban Culture and Migration, Gender Issues, Social Justice: , Health and Education, Positive Discrimination for the Underprivileged, Social Movements, 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 landscape of banking sector, Impact of the Global Financial Crisis of 2007-08 and the Indian response 


  • 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.


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). 


Candidates should also learn certain Behavioral, Transformational concepts and theories in order to have a proper idea of the leadership content. Also, Emotional Intelligence and their Concept, 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 organization, Board of Directors- roles and responsibilities, introduction to Business, Information regarding Code of Conduct and code of Ethics.

RBI Grade B Results and Cutoffs

After the completion of the overall recruitment process for RBI Grade B 2023 exam, a cut-off score is announced each year. It is the minimum marks that are required by a candidate to obtain so as to be considered qualified for all the 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 and 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 RBI Grade B exam, they must note the previous year’s cut-off. 

As mentioned above, there are several elements that 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 previous year.

CategoryRBI Grade B Cut Off (2022)
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 2023 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 2023, 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 2023 officer is Rs. 1, 08,404/-(approx) for a newly recruited officer. 

To read more about RBI Grade B Salaries, Click Here


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 2023?

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 2023.

Is RBI Grade B Notification Out?

Yes, the RBI Grade B Short Notification is declared on 26th April 2023. The detailed notification will be declared on 9th May 2023 on the RBI’s official website.

Can I become an RBI Grade B Officer?

The recruitment process for RBI Grade B 2023 exam is conducted in three different stages that are considered as Preliminary Exam (phase 1), Main Exam (phase 2), and the final interview round (phase 3). Candidates should also know the difficulty level of the RBI Grade B 2023 exam before applying. With consistent exercise and hard work, an aspirant can become an RBI Grade B officer.

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