RBI Grade B Notification 2024: Application Process, Eligibility, Important Dates and more!

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RBI Grade B Notification 2024: Application Process, Eligibility, Important Dates and more!

RBI Grade B Notification 2024

Officially, the notification for Grade B of Reserve Bank of India is generally expected to be released in March or April 2024, and after that the interested candidates will be able to apply by visiting the official website. Read the complete article to get more information about the job.

As the date of release of advertisement for Grade B posts against recruitment is not yet officially announced by RBI, candidates should know that the application form is going to be available online. To submit the application form one has to provide the required details, upload the documents and also pay the application fee.

Particulars Details
Exam Name RBI Grade B 2024 Exam
Exam Conducting Body Reserve Bank of India
Exam Category Regulatory Body Exam
Exam Level National
Exam Mode Online
Vacancies 150 – 200 (Expected)
Language of Exam English and Hindi
Periodicity Once a Year
Selection Process Prelims, Mains & Interview
Maximum Number of Attempts 6 for a General Category Candidate
Note: If you have already attempted the Phase 1 exam 6 times, then you are not eligible.
Online Registration Start Date March/April 2024
Last Date to Apply  April/May 2024
RBI Grade B Exam Date 2024 for Phase 1 June/July 2024
RBI Grade B Exam Date 2024 for Phase 2 July 2024
Eligibility – Age Limit  21 to 30 Years
Eligibility – Education Graduation in any discipline with a minimum of 60% marks for General candidates or  Post Graduation in any discipline with a minimum of 55% marks.
Application Fee Rs 850 for General Category Candidate

 

 

RBI Grade B Recruitment 2024

Reserve Bank of India is scheduled to release the RBI Grade B Recruitment Notification in March or April 2024. Applicants can apply online through the official website. It is expected that the application form can be filled from March or April 2024 and the exam will be conducted in June or July 2024.

 

 

RBI Grade B Notification 2024 – Important Dates

To participate in the RBI Recruitment 2024 Exam, candidates must complete the online application form. While some dates will be specified in the initial RBI Grade B 2024 Notification, others will be released later via notices. Stay tuned as we update all relevant notices promptly.

Important Events Dates (Expected)
Commencement of online registration of application March/April 2024
Closure of registration of application April/May 2024
Closure for editing application details April/May 2024
Last date for printing your application April/May 2024
Online Fee Payment April/May 2024
RBI Grade B Exam Date 2024 for Phase 1 June/July 2024
RBI Grade B Exam Date 2024 for Phase 2 July 2024

RBI Grade B 2024 Eligibility Criteria

RBI Grade B 2024 Qualification:

To apply online for RBI Grade B 2024 posts, one must have a bachelor’s degree from a UGC recognized institute. For DEPR  and DISM the qualifications are different.

RBI Grade B 2024 Age Limit:

The applicant’s  should be between 21 and 30 years as on the date of cut off. There will be upper age relaxation of 3 and 5 years for OBC and SC/ST.

 

RBI Grade B Age Relaxation

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

Category Relaxation
SC/ST 5 years
OBC 3 years
Ex-Servicemen 5 years
ECOs/SSCOs 5 years
PwD 10 years (Gen/EWS)
13 years (OBC)
15 years (SC/STs)
Experienced Candidates – Scheduled Commercial Banks, Public Sector Insurance Companies, All India Financial Institutions, RBI The upper age limit should not exceed 33 years including experience
Ex-employees of banks going into termination and/or liquidation/ personnel retrenched from Govt Offices with at least 1 yr service 5 years
Candidates with M.Phil 2 years
Candidates with PhD 4 years

 

 

RBI Grade B 2024 Application Fee:

To apply online for Grade B recruitment under Reserve Bank of India, persons who belong to General, Other Backward Class or Economically Weaker Section are required to pay application fee of ₹850 and those who belong to Scheduled Tribes/Tribes If they belong to IAS, they will have to pay only ₹100.

 

 

RBI Grade B Vacancy 2024

The RBI has not yet formally announced how many Grade B vacancies will be available for this year, but those who are waiting for the release of the advertisement should be aware that details regarding the number of positions for General, Other Backward Class, Scheduled Caste, and other categories will be made available then only. Seeing that this is the Election year there will be significant increase in the number of vacancies as compared to previous years.

Post Name  Vacancies (2024) Vacancies (2023)
RBI Gr. B Officer (DR) – General  TBU 222
RBI Gr. B Officer (DR) – DEPR  TBU 38
RBI Gr. B Officer (DR) – DSIM TBU 31
Total TBU 291

 

 

Step to Apply Online for the RBI Grade B Exam

Steps to Apply for RBI Grade B 2024

RBI Grade B Selection Process 2024

The selection process for Grade B post under Reserve Bank of India consists of three stages which are Phase 1 ( Pre ) , Phase 2 ( Mains) , and Interview.

Phase 1 ( Objective ) :

The Phase 1 of the RBI Grade B is the same for both DR General and DEPR/ DSIM. This will be a computer based test. You’ll find that there is both sectional cutoff and the overall cutoff required to clear the paper. Furthermore, the sectional cutoff will remain same as last year, will be notified along with notification.

Mode Online
Duration 2 hours
Subjects Reasoning
General Awareness
English Language
Quantitative Aptitude
Total Marks 200
Marking Scheme Negative marking of 1/4 marks for wrong answers

 

Phase 2 ( Objective  +  Descriptive) :

Phase 2 will also be a Computer Based test. However it is different for both DR and DEPR/ DSIM posts. So make sure to check the syllabus in the official notification before applying.

General (DR) Posts:

 

Paper Paper 1 – Economic and Social Issues
Test Type 50% Objective Test (30 MCQ Questions), 50% Descriptive Test (6 descriptive questions, out of which 4 have to be answered)
Total Marks 100 (50 for each section)
Duration 90 minutes for objective, 90 minutes for descriptive
 

 

Paper Paper 2 – English (Writing Skills)
Test Type Descriptive Test
Total Marks 100
Duration 90 minutes
 

 

Paper Paper 3 – Finance and Management
Test Type 50% Objective Test (30 MCQ Questions), 50% Descriptive Test (6 descriptive questions, out of which 4 have to be answered)
Total Marks 100 (50 for each section)
Duration 120 minutes

 

DEPR & DSIM Posts:

 

Paper Paper 1 – Economic and Social Issues
Test Type 50% Objective Test (30 MCQ Questions), 50% Descriptive Test (6 descriptive questions, out of which 4 have to be answered)
Total Marks 100 (50 for each section)
Duration 90 minutes for Objective, 90 minutes for Descriptive
 

 

Paper Paper 2 – English (Writing Skills)
Test Type Descriptive Test
Total Marks 100
Duration 90 minutes
 

 

Paper Paper 3 – Statistics
Test Type 50% Objective Test (30 MCQ Questions), 50% Descriptive Test (6 descriptive questions, out of which 4 have to be answered)
Total Marks 100 (50 for each section)
Duration 120 minutes

 

Interview:

The interview for the RBI Grade B  will have 75 marks. The selection process will consist of a psychometric test preceded by an interview and it will be qualifying in nature which means the marks will not be counted in the final cutoff. It would be an option to make an establishment in Hindi or English at the final stage of the selection process.

 

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)

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

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 Salary and Perks

As per the official notification of the RBI Grade B exam the selected candidates will be entitled to 1,16,914-/ INR salary per month along with Dearness Allowance , House Rent Allowance , Travel allowances and various other perks too.

RBI Grade B Officer Salary (Monthly Basic Pay) Rs. 55,200/- p.m.
Pay Scale Rs. 55200-2850(9)-80850-EB-2850 (2) – 86550-3300(4)-99750 (16 years)
Monthly Gross Emoluments Rs. 1,16,914/- (approx.) for a new recruited officer

Apart from the salary RBI also provides hefty allowances to their employees below is the list of some of them.

Extra Allowances Amount
Dearness Allowance (DA) 31% of the basic RBI Grade B Salary
HRA Allowance RBI officers are provided 2BHK/3BHK flat; they can claim rent allowance of up to Rs.70,000 in case they are not given apartments
Grade Allowance (GA) Offered Rs.6,800
Fuel Allowance Provided 150 litres of fuel per month
Medical Allowance Officers can claim up to Rs.4500 for them or for their dependents
Mobile Allowance Employees can claim up to Rs.1500/-
Education Allowance Officers can avail Rs.4000/ each month
Maid Allowance Given allowance of Rs.3000/-
Briefcase allowance Employees can avail of Rs.7000 (Repaid once every 3 years)
Leave Fare Concession Travel or LFC Offered around Rs.100000 LFC (Utilized once in 2 years)
Sodexo Coupons Provided with coupons worth Rs.2000/- useful for food and groceries
Spectacles allowances Officers can avail Rs.7000/- for themselves or for their spouse

 

 

So this was all about RBI Grade B. The last year’s selected candidates will be joining from April 3 2024. Which means soon we’ll be able to see the notification for RBI Grade B 2024.

 

 

FAQ’s:-

Q.1 When will the official notification for RBI Grade B 2024 be released?
– The notification is expected to be released in March or April 2024.

 

Q.2 What is the application process for RBI Grade B Recruitment?
– Candidates need to fill out the online application form on the official website, providing necessary details, uploading documents, and paying the application fee.

 

Q.3 What are the eligibility criteria for RBI Grade B 2024?
– Applicants must be between 21 and 30 years old and possess a bachelor’s degree with specific percentage criteria.

 

Q.4 What is the application fee for RBI Grade B recruitment?
– General, OBC, and EWS candidates are required to pay ₹850, while SC/ST candidates need to pay ₹100.

 

Q.5 How many vacancies are expected for RBI Grade B 2024?
– The exact number of vacancies has not been announced yet, but it’s expected to be around 150-200.

 

Q.6 What is the selection process for RBI Grade B?
– The selection process involves three stages: Prelims, Mains, and Interview.

 

Q.7 Can candidates attempt the RBI Grade B Phase 1 exam more than six times?
– No, candidates are allowed a maximum of six attempts for the Phase 1 exam.

 

Q.8 What is the salary package for RBI Grade B officers?
– The monthly salary starts at ₹55,200, along with various allowances such as Dearness Allowance, HRA, and more.

 

Q.9 What are the key subjects covered in RBI Grade B Phase 1 exam?
– The Phase 1 exam includes sections on Reasoning, General Awareness, English Language, and Quantitative Aptitude.

 

Q.10 What are the important dates to remember for RBI Grade B 2024?
– The commencement of online registration, closure of registration, exam dates for Phase 1 and Phase 2, and other relevant dates will be announced later.

 

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