RBI Grade B Eligibility Criteria 2024, Age Limit, Educational Qualification

Are you Eligible for the upcoming RBI Grade B 2024 Examination? Want to Know whether you can appear for the Exam or Not? We suppose the Answer is Yes!

To answer all your queries related to RBI Grade B Eligibility Criteria (as prescribed by the Reserve Bank of India), we have covered all major and minor aspects in depth on this page. After reading this, you will not have to go anywhere for any questions. The RBI Grade B Notification 2024 has been released, and eligible candidates can apply for the 94 vacancies offered. The candidates need to go through the eligibility criteria before applying for the posts.

RBI Grade B Eligibility Criteria 2024

The RBI Grade B Eligibility Criteria for the RBI Grade B Manager post include parameters such as Nationality, Age Limit and Category-wise Age Relaxation, Educational Qualification for General, DEPR, DSIM posts and percentage required, Conversion of CGPA into Percentage, Prior Experience, Number of Attempts, etc. It is mandatory to adhere to all these criteria to be considered qualified to apply for the prestigious Grade B Manager post at the Reserve Bank of India.

RBI Grade B Result 2024 Out

RBI Grade B Eligibility Criteria Highlights

As mentioned above, it includes various parameters (discussed in detail below). So, go through the details to check your eligibility. The table given below mentions the details in short that we have discussed below.

RBI Grade B Eligibility 2024 Nationality

It is of utmost importance that the candidate’s nationality falls within these categories.

a) Candidates must be Indian Citizens.

(b) A subject of Nepal or Bhutan

(c) A Tibetan Refugee who came to India before 1st January 1962 with the intention of permanent settlement.

(d) A Person of Indian Origin who has migrated from Burma, Pakistan, Vietnam, Sri Lanka, or East African countries of Zaire, Kenya, Tanzania, Uganda, Zambia, Ethiopia, and Malawi with the intention of permanent settlement in India

Candidates belonging to categories b, c, and d must have a certificate of eligibility issued by the Government of India in their favour.

So, ensure that you come under these above-discussed categories to avoid any problems at the time of final selection. Note that the original certificates regarding nationality will be checked during the interview along with other documents. So, make sure they are available and valid. 

RBI Grade B Eligibility 2024 Age Limit

In this section, you can check the age limit criteria as per the RBI Grade B Eligibility Criteria 2024. The age limit for RBI Grade B officer positions varies based on categories. Generally, candidates should be between 21 and 30 years of age.

1. Lower Age Limit for Candidates – 21 yrs.
2. Upper Age Limit for a candidate – 30 yrs

However, there are relaxations for reserved categories like SC/ST, OBC, and PWD candidates, providing them with additional years of upper age limit. Age Relaxation granted to the reserved categories as per the government rules and regulations are given below.

RBI Grade B Age Relaxation

The relaxation in age is provided as per the category of the candidates. Such as OBC candidates will get a 3-year relaxation whereas SC/ST/ES/Ex-Bank Employees will get 5 years of relaxation. The PwD candidates get more years as compared to other categories. Check the maximum age and years relaxed in the table below.

For candidates possessing M.Phil. and PhD qualifications, the upper age limit will be 32 and 34 years respectively

Age Relaxation For Experienced Candidates

Candidates having experience in SCBs/Public Sector Insurance Companies and (AIFI) must note that the upper age limit can be extended by the number of full years of relevant experience, up to a maximum of three years. In such cases, the candidate’s age should not surpass 33 years, including their experience.

RBI Grade B Qualification

This eligibility is most important, and very few relaxations are provided to the candidates when it comes to qualification. The basic requirement is that the candidate must have a Graduation degree with 60% marks. So, those who have only completed their Bachelor’s degree can apply. Check the post-wise qualification as given below.

(a) Qualification for Officers in Grade ‘B’ (DR)–(General)

1. Minimum 60% marks (50% in case of SC/ST/PwBD) or an equivalent grade in Bachelor’s degree as well as in 12th (or Diploma or equivalent) and 10th Standard examinations.
2. The minimum qualifying percentage or an equivalent grade for the Bachelor’s degree will be in aggregate for all semesters/years

(b) Qualification for Officers in Grade ‘B’ (DR)–DEPR:

A). A 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 recognized Indian or Foreign University /Institute;

OR,

B). PGDM/ MBA Finance with a minimum of 55% marks or an equivalent grade in aggregate of all semesters /years from a recognized Indian or Foreign University /Institute;

OR.

C). A master’s Degree in Economics in any of the sub-categories of economics, i.e., agricultural/ business/ developmental/ applied, etc., with a minimum of 55% marks or an equivalent grade in the aggregate of all semesters /years from a recognized Indian or Foreign University /Institute.

(c) Qualification for Officers in Grade ‘B’ (DR)–DSIM:

A). A master’s Degree in Statistics/ Mathematical Statistics/ Mathematical Economics/ Econometrics/ Statistics and informatics from IIT-Kharagpur or applied Statistics and informatics from IIT-Bombay with a minimum of 55% marks or equivalent grade (aggregate of all semesters/years).

OR,

B). A master’s Degree in Mathematics with a minimum of 55% marks or an equivalent grade in the aggregate of all semesters/years and a one-year postgraduate diploma in Statistics or related subjects from a reputed Institute.

OR,

C). M. Stat. Degree of Indian Statistical Institute with a minimum of 55% marks (aggregate of all semesters/years).

OR,

D) Post Graduate Diploma in Business Analytics (PGDBA) jointly offered by ISI Kolkata, IIT Kharagpur, and IIM Calcutta with a minimum of 55% marks or equivalent grade in aggregate of all semesters/years.

OR,

E). Two years’ Postgraduate Diploma in Business Analytics (PGDBA) with a minimum of 55% marks or equivalent grade in aggregate of all semesters/years from a recognized University/ Institute, an institute of national importance, or a UGC/ AICTE approved program.

RBI Grade B CGPA to Percentage Conversion Criteria

The Reserve Bank of India (RBI) has mentioned that some universities provide grading systems in percentage whereas some provide it in the form of CGPA/OGPA/CPI out of 10. If you have your degree marks in percentage then the same will be accepted but if it’s the other way, then candidates have to convert it into CGPA.

If a University/Institute/Board has specified a method for converting Aggregate Grade Points into percentage marks, that method will be followed. However, if the University/Institute/Board hasn’t provided such criteria in the degree/passing certificates, the conversion will be calculated as follows:

RBI Grade B 2024 Proof of Identity

When attending Phase-I or Phase-II of the RBI Grade B 2024 examination, candidates must present a valid photo identity card in both original and photocopy forms, in addition to their Admit Card. Acceptable photo IDs include a PAN Card, Passport, Driving Licence, Voter’s Card, Bank Passbook with a photograph, photo identity proof issued by a Gazetted Officer or a People’s Representative on official letterhead, a valid recent identity card from a recognized college or university, e-Aadhar card, Aadhar card with a photograph, Employee ID, or a Bar Council Identity card with a photograph. The candidate’s identity will be verified against the details on the Admit Card, the Attendance List, and the submitted documents.

Is there Any Prior Experience Required to Work with RBI?

Yes, this is a very important question in the mind of those who have just cleared their Degree Exams. This is a general question because the RBI Grade B Examination and its reputation have gained momentum for only 3-4 years. Before that, only a few people knew about it, and therefore, there was less knowledge. But not anymore! It is good news for the freshers that applying for the RBI Grade B post does not require any experience before it.

Even in its official notification, RBI mentions that fresher candidates are welcome to apply for the post as RBI wants to gauge the fresh talent in its management operation. So, don’t hesitate to apply if you are new to it.

RBI Grade B Eligibility 2024 Number of Attempts

The next most important question is how many attempts are allowed to candidates. So, to answer that, candidates from the General Category/Economically Weaker Sections (EWS) who have participated in the Phase-I Examination for this post on six previous occasions, as administered by the Reserve Bank of India Services Board are ineligible to apply.

However, candidates from the Scheduled Caste (SC), Scheduled Tribe (ST), Other Backward Classes (OBC), and Persons with Benchmark Disabilities (PwBD) face no such restriction if the posts are reserved for their respective categories.

CGPA to Percentage Conversion Criteria by RBI

If a university specifies guidelines for converting grades into percentage marks, those guidelines will be followed. However, if the university does not provide such guidelines, the following calculation method will be employed:

Important Takeaways

Now, that we know about the RBI Grade B Eligibility Criteria 2024 in detail, here are some of the important takeaways that we can deduce from the information given above. So, here it goes:

1. Candidates must be a citizen of India, a subject of Nepal/Bhutan, a Tibetan refugee, or a Person of India Origin from accepted countries provided that the certificate is authorized by the Government of India.
2. The minimum age limit is 21 to 30 years and relaxation is provided to reserved categories.
3. Candidates must have attained 60% marks in Bachelors/Masters degree (50% in case of SC/ST/PwBD).
4. Freshers can also apply for the post.
5. There a total of 6 attempts available for the General category but for SC/ST/OBC/PwD, there is no such limit.

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