RBI stands for Reserve Bank of India. The Reserve Bank of India conducts the RBI Grade B Officer Exam every year to identify qualified candidates for Grade B officer positions in its many branches.
It was founded in 1935 by British Raj. RBI conducts exams for officers and office assistants for various departments.
Abbreviation
RBI
Type
Government Autonomous Recruitment Body
Purpose
Supervise Financial Sector of India
Location
Maharashtra, India
Chairman
Mr. Rajkiran Rai G
Director
Shri Harideesh Kumar B
RBI Selection Process
Phase I: Objective Written Examination
The objective written examination is a two-hour exam with 200 questions. A student receives a +1 mark for each correct answer and a -0.25 penalty for each incorrect response. There is no penalty for failing to attempt questions. The Tier – 1 examination score is not factored into the final score, so it is merely a qualifying examination.
Table of Contents
Phase II: Online Written Examination ( Objective & Subjective )
This phase consists of three different question papers. It is Economic and Social Issues, English (Writing Skills), and an optional choice between Finance and Management, Economics, and Statistics.
Phase III: Interview
This stage includes an interview with a panel of 4-5 bureaucrats/psychologists. The interview is based on human resources and a candidate’s general perception of the nation, the government, and knowledge of the Indian and international banking systems. The interview is of 50 points.
RBI Grade B Notifications/News
The Reserve Bank of India (RBI) has published the official notification for the RBI Grade B Officer Exam to fill 322 Officer positions. It will be an great opportunity for graduates looking for a job at the Reserve Bank of India (RBI).
Read below to know more about important dates and events.
RBI has announced the exam date for the post of Grade B Officer.
Exam dates are given below.
Exam Name
Date
Prelims Exam Date
6th Mar. 2021
Main Exam Date
31st Mar. 2021
RBI Grade B Application Fee
RBI collects the intimation fees from the interested candidate. The fee structure for RBI Grade B exams is listed below by category. Payment must be paid online by the applicant.
Category
Charges
Amount
SC/ST & PWBD
Intimation Charges
₹ 100/-
GEN/OBC & EWSs
Application fee + intimation charges
₹ 850/-
RBI Staff
Zero
Zero
RBI Grade B Officer Eligibility Criteria
Candidates who fulfill eligibility criteria can become part of the hiring process for RBI Grade B Officer. The candidate must satisfy age, education, and nationality criteria.
Educational Qualifications (As on 1st Jan. 2021):
RBI Grade B Officers are divided into three categories, each with its own set of educational requirements. Below are the specifics of the required education certification.
1. Officers in Grade ‘B’ (DR) – (General)
A minimum of 60% in any discipline/equivalent technical or professional certification (50 % for SC/ST/PwBD applicants).
Post-Graduation / Equivalent technical qualification with a minimum of 55 % in all semesters/years (pass marks for SC/ST/PwBD applicants).
2. Officers in Grade ‘B’ (DR) – DEPR
A Master’s degree in Economics, Econometrics, Quantitative Economics, Mathematical Economics, Integrated Economics Course/ Finance from a recognized Indian or international university/institute, with a minimum grade of 55 % across all semesters/years
A minimum of 55 % of all semesters/years is required for a PGDM/ MBA Finance from a recognized Indian or foreign university/institute.
3. Officers in Grade ‘B’ (DR) – DSIM
A minimum of 55 % of all semesters/years is required for a Master’s Degree in Statistics/ Mathematical Statistics/ Mathematical Economics/ Econometrics/ Statistics & Informatics from IIT-Kharagpur/ Applied Statistics & Informatics from IIT-Bombay.
Nationality / Citizenship of Applicants:
A candidate must be an Indian citizen to applying for RBI Grade B Officer Examination.
Age (As on 1st Jan. 2021)
Minimum – 21 Years
Maximum – 30 years
Candidates with M.Phil. and Ph.D. degrees will have an upper age limit of 32 and 34 years, respectively.
RBI Grade B Officer vacancies 2021
Reserve Bank of India (RBI) has announced the total number of vacancies for the RBI Grade B 2021 exam and its Official Notification. This year, RBI introduced 322 vacancies.
RBI has announced below vacancies mentioned for different posts.
When it comes to the salary of RBI Grade B Officers, it is the highest of any government or banking job in the country. The current salary of an RBI Grade B officer is Rs. 77000/-. (approx.). The monthly basic pay for a Grade B officer is Rs. 35,150/-.
How to apply?
RBI has opened the online registration window of RBI Grade B Officer on Jan. 28th 2021. The candidates can apply only through RBI’s website.
The application form is available at RBI website. The steps to fill RBI Grade B Officer application form are explained below. Application can be filled only by online method.
Step 1: RBI Grade B Officer Exam Registration
Visit the official website
Click the link ‘New Registration’ on the home page.
Enter name, phone number, email id and security code
Upon successful registration, a provisional registration number & password are generated
The provisional registration number & password are also emailed to the email address and password provided during registration.
Step 2: Upload Photo and Signature
Post-registration, candidates need to upload the photograph, signature, left thumb impression, and handwritten declaration
Please upload Signature in small letters only
The left thumb impression should be properly visible
The handwritten statement should be in English only
Step 3: Fill the detailed application form
This page is divided into three parts, basic details, educational qualification & experience, and preferences. Check details below:
Basic details: Candidates must fill out basic information such as their category, nationality, personal information, exam center, date of birth, gender, father’s or mother’s name, residence, and so on.
Educational Qualifications, Work Experience, and Languages: Candidates must input information about their graduation, such as the year they graduated, the college they attended, the percentage of marks they received, and the grade they received (if any). They must also list their previous employment experience. Candidates must also list the languages in which they can read, write, and speak.
Preferences: Candidates need to enter the preferences of banks where they wish to work upon selection. SC/ST/Minority candidates can opt for pre-exam training in this part.
Step 4: Preview of RBI Grade B Officer application form
Candidates should examine the application form before submitting it. They can make changes to the information in the application form while it is being validated. Candidates must then agree to the terms and conditions before submitting their application.
Step 5: RBI Grade B Officer fee payment
Candidates need to follow the steps below for making payment.
The payment modes are Debit/ Credit Cards, Internet Banking, IMPS, and Cash Cards/ Mobile Wallets etc.
After the successful transaction, an e-receipt will be generated.
Candidates must print the e-receipt as well as the online application form that contains the fee payment information.
There are few things that candidates should keep in mind while applying for IBPS PO.
Scanned photograph and signature
Left thumb impression
A handwritten declaration
Bank details to pay the application fees
Marksheet of graduation to enter educational details
Valid email ID and contact number
FAQ’s
Q.1 What is the probation period for RBI Grade B?
A. Successful candidate needs to spend two years on probation which will be extended up to 4 years.
Q.2 How many vacancies have been released?
A. The total number of vacancies in 2021 is 322.
Q.3 Can a final year graduation student apply for RBI Grade B?
A. No, the final-year student can not apply for RBI Grade B, but the minimum qualifications require candidates to have a graduation degree or equivalent from a recognized university.
Q.4 What are the age criteria to apply for RBI Grade B?
A: Minimum: 21 years and Maximum: 30 years with the age benefit to reserved categories.
Q.5 What is the salary of the RBI Grade B?
A: The basic salary of an RBI Grade B isRs 35150 with an gross emoluments of Rs 77208.
Q.6 What is the Application fee for RBI Grade B?
A. The application fee is Rs. 100 for SC/ST/PWBD candidates and Rs. 850 for all others
