RBI Grade B 2024 Notification Out for 94 Vacancies, Apply Online

The Reserve Bank of India has released the RBI Grade B Notification 2024 to fill 94 vacancies on the official website @rbi.org.in. As the notification is published today, the online registration has started on 25th July 2024. The RBI Grade B Exam is a highly desired national-level examination conducted every year for the recruitment of Grade B Officers in the General, DEPR, and DSIM departments of the bank. Scroll down to get more details about RBI Grade B Recruitment 2024, eligibility, syllabus, and steps to apply for the vacancies offered this year.

RBI Grade B 2024 Notification Out

The detailed RBI Grade B Notification 2024 has been released on the official web portal of RBI. The RBI Grade B Apply online 2024 started on 25th July 2024 and the phase 1 examination will be conducted from the second week of September 2024.

The selection process of the RBI Grade B Recruitment is divided into three stages including prelims, mains, and interview. The candidates must have a graduation degree in any discipline with a minimum of 60% marks. After the candidates are recruited for the post they need to undergo a training period of 15 weeks and a probation period of 2 years.

RBI Grade B 2024 Notification PDF

The RBI Grade B Notification 2024 has been released on 25th July 2024 on the official website. The candidates who are interested in the post of RBI Grade ‘B’ DR- General/DEPR/DSIM can download the RBI Grade Notification PDF from the direct link mentioned below. The application process has started on 25th July 2024 and will end on 16th August 2024.

RBI Grade B Notification 2024 PDF Link (Active)

RBI Grade B 2024 Notification Overview

Working with RBI is in itself very empowering hence; to provide this opportunity, RBI conducts the annual RBI Grade ‘B’ Exam for General/DEPR/DSIM posts. The RBI Grade B 2024 Examination consists of 3 stages: Phase I, Phase II, and Interview the exam is completely computer-based. The merit list will be prepared based on the marks obtained in Phase II and Interview. Check the key highlights of the RBI Grade B exam.

RBI Grade B 2024 Post

The RBI Grade B Exam is mainly conducted for 3 posts as listed below. The RBI Grade B posts are annually announced by the conducting authority for the recruitment.

1. RBI Grade B DR- General
2. RBI Grade B DR- Department of Economic and Policy Research
3. RBI Grade B DR- Department of Statistics and Information Management

For a General post, anybody can apply but for a DEPR/DSIM Post, candidates need to have specific qualifications like a master’s Degree in Economics, Statistics, Mathematics, MBA, etc. Don’t worry we have shared the post-wise qualification in detail below.

RBI Grade B Officers conduct research and analysis on various economic and financial issues, contributing to the formulation of policy recommendations and strategic initiatives.

RBI Grade B 2024 Vacancy

The RBI Grade B Vacancy 2024 has been notified along with the official notification. This year, a total of 94 RBI Grade B vacancies has been released, which is lower than expected, because the previous year vacancy was 291. The post-wise vacancy details has been mentioned in the table given below.

RBI Grade B 2024 Important Dates

Candidates can check here all the important dates related to the RBI Grade B exam. As the official notification is released we have updated the information here.

RBI Grade B 2024 Application Form

The RBI Grade B 2024 Notification has been released for 94 vacancies for several categories. The candidates who are interested in the posts of Grade B in the Reserve Bank of India can apply for the recruitment process from 25th July 2024. The candidates will need to submit the relevant documents, pay the fees, and submit the RBI Grade B Application Form. The last date to fill the application form is 16th August 2024.

Steps Apply for RBI Grade B Recruitment 2024

To appear for the RBI Grade B 2024 Examination, Candidates need to fill out the application form online as no other modes of application will be accepted. You are required to fill out the application form with utmost care and mindfulness because any mistake can lead to disqualification.

The Application process for RBI Grade progressed in the following stages:

Registration Process

Step 1. Register on the Official Website: Start by registering on the official RBI website.

Step 2.  Fill Out the Application Form

• Complete the application form with all the required details.
• Upload your photo and signature according to the specified guidelines.

Step 3. Upload Additional Documents

• Upload a scanned image of your left-hand thumb impression.
• Upload a scanned copy of your handwritten declaration as specified.

Step 4. Pay the Application Fee

• Pay the application fee using the available online payment options.

Step 5. Submit the Application Form

• Review all the details carefully and submit the application form.

You will have to provide essential details like phone number, email ID, parents’ details, number of attempts, CIBIL Score, Category (if any), academic qualification, experience (not mandatory), selection of exam centre, etc. Also, the last stage is to pay the application fee which is mentioned below.

RBI Grade B 2024 Application fee

The RBI Grade B Application Fee can be paid online through a debit/credit card, or any other payment gateway as mentioned by RBI. This application fee is non-refundable.

RBI Grade B 2024 Eligibility Criteria

Here, comes the most important part before the online application process which decides whether you can appear for the exam or not. You need to fulfil the mentioned requirements to be able to apply online for the RBI Grade B Exam.

RBI Grade B 2024 Age Limit

To apply for the RBI Grade B officer exam, you must be at least 21 years old as of January 1, 2024 (expected). The maximum age limit is 30 years, meaning you should not have reached 30 years of age as of the date specified in the official notification PDF.

RBI Grade B 2024 Educational Qualification

To be eligible for RBI Grade B, candidates must also meet the educational qualification criteria. Below, we have outlined the post-wise RBI Grade B Educational Qualification for 2024.

RBI Grade B 2024 Nationality

As per the RBI Grade B 2024 Eligibility, the candidates must fulfil the nationality criteria. The candidates must be either:

(i) a citizen of India, or
(ii) a subject of Nepal, or
(iii) a subject of Bhutan, or
(iv) a Tibetan refugee who came over to India before 1st January, 1962 with the intention of permanently
settling in India, or
(v) a person of Indian origin who has migrated from Pakistan, Burma, Sri Lanka, East African countries of
Kenya, Uganda, the United Republic of Tanzania, Zambia, Malawi, Zaire, Ethiopia and Vietnam with the intention of permanently settling in India.

To know more about the RBI Grade B Eligibility Criteria visit here.

RBI Grade B 2024 Selection Process

Right within one month of completion of the online application process, RBI will begin with the selection process stages and those who applied will have to appear for these stages. The RBI Grade B Selection Process consists of three stages –

1. Phase I: It comprises objective-type questions on the English language, quantitative aptitude, reasoning, and general awareness. The total number of Marks is 200 and the mode of examination is online. The questions will be set in both Hindi and English and the questions shall be MCQ-based. Candidates must note that this is qualifying in nature and it will not be added to the final merit list.
2. Phase II: Those who qualify the stage 1, will appear for the Phase II Exam. It is divided into three papers covering economic and social issues, English writing skills, and finance and management. The syllabus and exam pattern of Phase 2 varies for General, DEPR, and DSIM posts.
3. Interview: Finally, candidates who clear Phase II are called for the Interview stage. A thorough understanding of the RBI Grade B selection process can help candidates prepare more effectively and increase their chances of success in the exam.

RBI Grade B 2024 Exam Pattern

In this section, we have discussed the RBI Grade B Exam Pattern 2024. Go through the bullet points and tables which contain the details of the Phase 1 and 2 Exam Patterns.

1. The RBI Grade B Prelims exam will be 200 marks with a total time duration of 120 minutes.
2. There will be a specific sectional duration which will be mentioned in the admission letter.
3. There will be four main sections.

The candidates who qualify for the Prelims will be eligible to appear for the mains exam or Phase 2.

1. There are three separate papers in the main exam.
2. For RBI Grade B Officers in Gr B (DR)- General, candidates have to appear for papers I, II, and III.
3. For RBI Grade B Officers in Gr B (DR)- DEPR & DSIM, candidates have to appear for papers II and III.
4. Paper I & III are 50% Objective & 50 % descriptive while Paper- II is Descriptive only.
5. Each paper will be worth 100 marks.
6. The English paper is a descriptive test.

Candidates will be shortlisted for the interview, based on aggregate marks obtained in Paper I, Paper II, and Paper III of the Phase II exam. The interview process will carry 75 marks.

RBI Grade B 2024 Syllabus

After learning about the exam pattern, the next step is to go deeper and break the syllabus into small parts to start with your preparation. So, the RBI Grade B Syllabus is crucial to clear the exam stages.

The syllabus for the RBI Grade B examination is comprehensive and covers a wide range of topics relevant to the banking, economic, and financial sectors. Most of the subjects included in the syllabus are:

For Phase 1 Exam:

The RBI Grade B Phase 1 Exam consists of the following subjects. The General Awareness section includes related to the Banking & Financial sector, Current Affairs of national and international importance, Acquisition & Mergers, etc.

If you are a banking aspirant then you will see that the questions asked from Quantitative Aptitude, Reasoning, and English language are the Mains Exam level of Bank exams.

1. General Awareness
2. Quantitative Aptitude
3. English Language
4. Reasoning

For Phase II Exam:

Phase 2 is divided into 3 papers as shown in the exam pattern. The subjects that are included in the exam are:

1. Economic and Social Issues: Growth & Development, Indian Economy, Globalization, Social Structure)
2. Finance and Management: Financial System, Financial Markets, Management, Ethics at workplace, Accounts)
3. English Descriptive (which involves essay, precis writing)

RBI Grade B Previous Year Question Paper

RBI Grade B Previous Year Papers are an essential resource for aspirants preparing for the prestigious RBI Grade B exam. These papers provide insight into the exam pattern and help aspirants familiarize themselves with the types of questions asked.

By practicing previous year’s papers, candidates can identify their strengths and weaknesses, and improve their time-management skills. With our comprehensive collection of RBI Grade B Previous Year Papers, candidates can boost their preparation and increase their chances of success in the exam. Start practicing today to ace the RBI Grade B exam!

RBI Grade B 2024 Salary

From the viewpoint of banking aspirants, the most attractive point about the RBI Grade B Officer post is the RBI Grade B salary that it offers to newcomers. The candidates selected for the post of Officer through the RBI Grade B 2024 Exam will be given a salary of 12-14 Lac annually.

The Exact Pay Scale for the RBI Grade B Officer is Rs 55,200-2850(9)-80850-EB-2850(2)-86550-3300(4)-99750. Candidates will have a Basic Pay of Rs. 55,200/- in which he/she will get an increment of Rs. 2850/- till nine years of their service. The gross monthly salary of a newly recruited Grade B Manager is Rs. 1,16,914 (approx.).

• If housing is not supplied by the bank, the House Rent Allowance, which is 15% of Basic Pay, will be paid.
• Up to 150 liters of fuel may be claimed each month if the employees own a car and use it to commute to the office.
• Those who successfully complete the selection process and work for the government will be eligible for pension benefits.

Job Profile of an RBI Grade ‘B’ Officer?

The job profile of a Grade B Officer is as interesting as its salary. After becoming a grade b officer, candidates will be put into 2 years of probationary period and their performance will be assessed. Here, are some of the duties that the grade b manager is required to perform.

1. They have to assist the central bank in managing the designated departments, collecting data and analysing.
2. Selected candidates are liable to be posted and transferred anywhere in India.
3. They are responsible for managing the country’s currency supply, including issuing currency notes and coins, monitoring circulation, and combating counterfeiting activities.
4. They also perform administrative tasks related to their roles, such as preparing reports, conducting meetings, and coordinating with other departments within the RBI.

How to Prepare for RBI Grade B 2024 Exam?

Now, that you know everything about the RBI Grade B Exam, your last question will be “How to prepare for such a highly coveted exam?” Well, we can help you there as well. At Adda247, we provide comprehension preparation tips and tools to prepare for the exam. Along with that, you will get valuable guidance from our experienced mentors. You can join our mock test series or download the RBI Grade PYPs through the link shared above.

So, if you have made up your mind to become an RBI Grade B Officer, then you must follow the steps given below. Only a 1.5-month gap is there between the date of the online application and the Phase I exam generally. Here, are some of the most important points that the candidate should keep in mind while preparing for the exam:

1. Go through the entire RBI Grade B Latest syllabus and the Previous Year Question papers. It will help in giving you an idea of what is asked in the exam.
2. After that, sort out all the chapters that are there in Economic and Social Issues, and Finance & Management. Make a study plan to cover all the chapters thoroughly.
3. Focus on Current Affairs, Government Schemes, RBI Reports and Indices, and other topics important from the exam point of view.
4. Also, keep practising questions for Quantitative Aptitude, Reasoning, English, and Current Affairs.
5. Join an RBI Grade B Mock Test series to assess your preparation on a real-time basis.
6. Have the confidence that you will clear the exam and be consistent with your preparation.

RBI Grade B Previous Year Cut Off

The candidates who are going to apply for the Grade B posts can go through the details of the RBI Grade B Previous Year Cut Off Marks for Phase 1 and Phase 2. The cut-off for all the subjects has been mentioned in the table given below.

Candidates can check here the RBI Grade B Cut Off in detail.

RBI Grade B 2024 Exam Centers

The list of RBI Grade B 2024 Exam Centers has been mentioned below. The Reserve Bank of India will administer the online exam for the General, DEPR, and DSIM Posts at the designated exam centers.

Sharing is caring!