RBI Grade B Notification 2024: Recruitment, Eligibility, Application Fee, Selection Process

RBI Grade B Notification The Reserve Bank of India is expected to officially announce the Grade B notification in April 2024, allowing applicants to apply through the official website. Keep watching for further information on the recruitment process. Candidates aspiring for the Grade B position at the Reserve Bank of India should be aware that the application form will be accessible on the official website https://rbi.org.in. The online application link will be active for four weeks. The release date for the Grade B recruitment advertisement has not been officially announced by RBI yet. Candidates must note that the application form will be available online, requiring individuals to provide necessary information, upload documents, and pay the application fee.

RBI Grade B Notification 2024

The RBI Grade B 2024 Notification is anticipated to be published in approximately April 2024, with the Phase 1 examination set for June/July 2024 according to sources. Candidates can familiarize themselves with the RBI Grade B 2024 Exam by referring to the previous year’s notification until then. It is important for aspirants to realize that they currently have sufficient time to adequately prepare for the RBI Grade B 2024. Refer to the comprehensive blog for information on the dates, exam pattern, syllabus, and other details of RBI Recruitment 2024.

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RBI Grade B Notification 2024 Summary

RBI Grade B 2024

Organization

Reserve Bank Of India

Exam Name

RBI Grade B

Post

Grade B

Vacancy

To Be Notified

Category

Recruitment

Language Of Exam

English

Selection Process

Phase I, Phase II, and Interview

Application Mode

Online

Age Limit

21 to 30 Years

Salary

Basic Pay: ₹55,200/- p.m

RBI Grade B Exam Date 2024

Will Be Released Soon

Official Website

@www.rbi.org.in

RBI Grade B Notification PDF 2024

Currently, the RBI 2024 notification has not been published. Meanwhile, you can access the previous year’s RBI Grade B Notification from the provided direct link. Information regarding the RBI 2024 Exam will be included in the upcoming RBI 2024 notification.

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RBI Grade B Notification 2024 – Important Dates

Important Events

Dates (Expected)

Commencement of online registration of application

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 Vacancy 2024

A sum of 291 openings were disclosed for the RBI Grade B (DR) generalist category in the RBI Grade B Notification for the last cycle. Expected vacancies for the RBI Grade B 2024 exam can be viewed here.

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

RBI Grade B Notification 2024 – Application Form

The application form for RBI Grade B consists of five sections. Completing the RBI Grade B officer application form includes the subsequent steps:

Prerequisites for Applying Online

  • Scanned Passport size Photograph (as per given guidelines)
  • Scanned copy of Signature
  • Documents related to address proof, educational qualification, etc.

Application Fees/ Intimation Charges

  • Rs 850-/ General/OBC/EWS + 18% GST
  • Rs 100-/ SC/ST/PWD + 18% GST
  • No application fee for the RBI Staff

RBI Grade B Application Fees

 RBI Grade B Application Fees

Category

Amount

Application fee for General/ OBC

850 /- +18% GST

Application fee for ST/SC/PWD/EXS

100/- +18% GST

Step to Apply Online for the RBI Grade B Exam

Below, we have condensed the steps for applying online into an infographic for easy reference.

  • Visit the official website of RBI.
  • Click on the RBI Grade B registration link to register for the exam.
  • Candidates need to enter the required details in the registration form.
  • After successful registration, registration ID and password are generated.

RBI Grade B Notification 2024 – Eligibility Criteria

Candidates applying for the RBI Grade B 2024 exam must meet the minimum eligibility criteria outlined in the RBI advertisement.

RBI Grade B Recruitment – Age Limit

  • The minimum age to apply for the RBI Grade B officer exam is 21 years. You should have completed 21 years of age as of the 1st of January 2024 (Expected).
  • The maximum age to apply for the RBI Grade B officer exam is 30 years of age. This means you should not be 30 years of age as of the date mentioned in the official notification PDF.

RBI Grade B Age Relaxation

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 Recruitment – Educational Qualification

Post

RBI Grade B Educational Qualification

Officers in Grade ‘B’ (DR) – (General)

Graduation/ Post Graduation in any discipline /Equivalent technical or professional qualification.

Graduation: Minimum 60% marks (50% for SC/ST/PwBD applicants)

Post Graduation: Minimum 55% marks (pass marks for SC/ST/PwBD applicants)

Officers in Grade ‘B’ (DR)–DEPR

A Master’s Degree in Economics (or any other master’s degree where “Economics” is the principal constituent* of the curriculum/syllabus, namely MA / MSc in Quantitative Economics, Mathematical Economics, Financial Economics, Business Economics, Agricultural Economics, and Industrial Economics) OR

b. A Master’s Degree in Finance (or any other master’s degree where “Finance” is the principal constituent* of the curriculum/syllabus, namely MA / MSc in Quantitative Finance, Mathematical Finance, Quantitative Techniques, International Finance, Business Finance, Banking and Trade Finance, International and Trade Finance, Project and Infrastructure Finance, Agri Business Finance).

Minimum of 55 percent marks or an equivalent grade is required in aggregate.

Officers in Grade ‘B’ (DR)–DSIM

a. A Master’s Degree in Statistics/ Mathematical Statistics/ Mathematical Economics/ Econometrics/ Statistics & Informatics/ Applied Statistics & Informatics with a minimum of 55% marks or equivalent grade in aggregate of all semesters/years; OR

b. Master’s Degree in Mathematics with a minimum of 55% marks or an equivalent grade in aggregate of all semesters/years and a one-year postgraduate diploma in Statistics or related subjects from an Institute of repute; OR

c. Master’s degree course in Data Science/ Artificial Intelligence/ Machine Learning/ Big Data Analytics, 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, UGC/ AICTE approved programme; OR

d. Four-year Bachelor’s degree with a minimum of 60% marks or equivalent grade in aggregate of all semesters/ years in Data Science/ AI/ ML/ Big Data Analytics from a recognized University/ Institute, an institute of national importance, UGC/ AICTE approved programme; OR

e. Two years Post Graduate 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, UGC/ AICTE approved programme.

RBI Grade B Selection Process 2024

The selection process for the Grade B position at the Reserve Bank of India involves three stages: Prelims, Mains, and Interview.

Prelims

  • Mode: Online
  • Duration: 2 hours
  • Sections:
  • Reasoning
  • General Awareness
  • English Language
  • Quantitative Aptitude
  • Total Marks: 200
  • Marking Scheme: Negative marking of 1/4th of the marks assigned to the question for incorrect answers.
  • Maximum Attempts: 6 for General Category; no bar on attempts for SC/ST/OBC/PWD candidates.

Mains

General (DR) Posts

  • Paper 1 – Economic and Social Issues:
  • 50% Objective Test (30 objective questions)
  • 50% Descriptive Test (6 descriptive questions, 4 to be answered)
  • Total Marks: 100 (50 for each section)
  • Duration: 90 minutes for Objective, 90 minutes for Descriptive
  • Paper 2 – English (Writing Skills):
  • Descriptive Test
  • Total Marks: 100
  • Duration: 90 minutes
  • Paper 3 – Finance and Management:
  • 50% Objective Test (30 objective questions)
  • 50% Descriptive Test (6 descriptive questions, 4 to be answered)
  • Total Marks: 100 (50 for each section)
  • Duration: 120 minutes

DEPR & DSIM Posts

  • Paper 1 – Economic and Social Issues:
  • 50% Objective Test (30 objective questions)
  • 50% Descriptive Test (6 descriptive questions, 4 to be answered)
  • Total Marks: 100 (50 for each section)
  • Duration: 90 minutes for Objective, 90 minutes for Descriptive
  • Paper 2 – English (Writing Skills):
  • Descriptive Test
  • Total Marks: 100
  • Duration: 90 minutes
  • Paper 3 – Statistics:
  • 50% Objective Test (30 objective questions)
  • 50% Descriptive Test (6 descriptive questions, 4 to be answered)
  • Total Marks: 100 (50 for each section)
  • Duration: 120 minutes

Interview

  • It will be of 75 marks.
  • Psychometric Test conducted before the Interview (no marks allotted, not part of the final selection criteria).
  • It will be a choice that one wants to appear in the final stage of the selection process in Hindi or English.

RBI Grade B Notification 2024 – Exam Pattern

Explore the comprehensive examination structure for Prelims and Mains in the following sections:

RBI Grade B Phase 1 Exam Pattern 2024

Sections

Total Questions

Marks

Duration

Reasoning

60

60

45 minutes

General Awareness

80

80

25 minutes

English Language

30

30

25 minutes

Quantitative Aptitude

30

30

25 minutes

Total

200

200

2 hours

RBI Grade B Negative Marking

In the RBI Grade B Phase 1 exam, there is a penalty for wrong answers where 1/4th of the marks for each question will be deducted.

RBI Grade B Phase 2 Exam Pattern

The RBI Grade B Mains examination comprises three papers: Paper 1, Paper 2, and Paper 3. Paper 1 and Paper 3 include a mix of objective and descriptive questions, while Paper 2 is entirely descriptive. Please find the specific format outlined in the table below.

Papers

Type of test

Total Marks

Duration

Paper 1 – Economic and Social Issues

50% Objective Test (30 objective questions)

50% Descriptive Test (6 descriptive questions out of which 4 need to be answered)

50 marks

50 marks

30 mins

90 mins

Paper 2 – English (Writing Skills)

Descriptive Test

100 marks

90 mins

Paper 3 – Finance and Management

50% Objective Test (30 objective questions)

50% Descriptive Test (6 descriptive questions out of which 4 need to be answered)

50 marks

50 marks

120 minutes

RBI Grade B Notification Images

RBI Grade B Notification

RBI Grade B Notification