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RBI Grade B 2019 Notification Out – Vacancies, Dates, Exam Pattern, Salary

RBI Grade B 2019 Notification

The detailed notification of the most awaited Banking Exam of the year is out on the RBI’s website. Every year Reserve Bank of India notifies about the vacancies for Direct Recruitment for the Posts of Officer in Grade B (DR) (GENERAL), Officers in Grade B (DR) (DEPR) and Officers in Grade B (DR) (DSIM). For RBI Grade B 2019 recruitment a total of 199 vacancies for the 3 above-mentioned posts have been declared. Reserve Bank of India being the central bank of the country is a great organisation to work for. Every year Lakhs of aspirants apply for the RBI Grade B posts as it offers great career opportunities as well as impressive perks & allowances to its officers. The Grade B Exam is conducted in three stages namely Phase IPhase 2 and the Interview round. For complete details about the RBI Grade B 2019 Notification such as the number of Vacancies, Exam Pattern, Exam Dates. Eligibility Criteria, Job Profile, Emoluments etc, read the blog in its entirety.

RBI Grade B Syllabus 2019

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RBI Grade B 2019 Notification – No. of Vacancy

A total of 199 Vacancies have been declared for RBI grade B 2019 Recruitment -:

  1. Grade B officer (General) – 156 Vacancies
  2. Grade B officers (DSIM) – 23 Vacancies
  3. Grade B officers (DEPR) – 20 Vacancies
Post Number of Vacancies
Unreserved i.e., General (GEN/UR) Scheduled Castes (SC) Scheduled Tribes (ST) Other Backward Classes (OBC)  EWSs  TOTAL
1. Officers in Grade ‘B’(DR)- General 65 25 11 40 15 156
2. Officers in Grade ‘B’(DR)- DEPR 9 3 1 5 2 20
3. Officers in Grade ‘B’(DR)- DSIM 11 2 4 4 2 23

 

RBI Grade B Exam Dates 2019

Events Important Dates**
Website Link Open for Online

Registration of Applications and

Payment of Fees/Intimation Charges

September 21-October 11, 2019
1. Officers in Gr B (DR) – General RBI Grade B 2019 Notification

Phase-I – Online Examination

November 9, 2019 
RBI Grade B 2019 Notification

Phase-II – Paper I, II & III Online Examination

December 1, 2019
2. Officers in Gr B (DR) – DEPR Phase I – Paper – I – Online Examination November 9, 2019
Phase II – Paper – II & III
Online/Written Examination
December 2, 2019
(To be confirmed in Admit cards)
3. Officers in Gr B (DR) – DSIM Phase I – Paper – I – Online Examination November 9, 2019
Phase II – Paper – II & III
Online/Written Examination
December 2, 2019
(To be confirmed in Admit cards)

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RBI Grade B Eligibility Criteria 2019

RBI Grade B 2019 Notification: Age Limits:

  • A candidate must have attained the age of 21 years and must not have attained the age of 30 years on the 1st of September 2019 i.e., he/she must have been born not earlier than 2nd September 1989 and not later than 1st September 1998.
  • For candidates possessing M.Phil. and PhD qualification, upper age limit will be 32 and 34 years respectively.

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RBI Grade B 2019 Notification: Minimum Educational Qualifications

The following minimum educational qualifications are prescribed for the posts:

Posts

Minimum Educational Qualifications (as on 01-09-2019):

1. Officers in Grade ‘B’ (DR) – (General)
  • A minimum of 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.
  • The minimum qualifying percentage or an equivalent grade for the Bachelor’s degree will be in aggregate for all semesters/years.
2. Officers in Grade ‘B’ (DR) – DEPR Essential:

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 recognised Indian or Foreign University /Institute; OR

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

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 aggregate of all semesters /years from a recognised Indian or Foreign University /Institute.

Note: SC, ST and PwBD candidates having second class with a minimum of 50% marks or equivalent grade in aggregate of all semesters/years in Master’s Degree examination or equivalent recognized qualifications are eligible to apply.

Desirable: A Doctorate Degree in Economics or research or teaching experience in Economics or publications in standard journals would be considered as an additional qualification.

Candidates having M.Phil. Degree and Doctorate Degree from a recognized Indian/Foreign University/Institute in the specified subjects will be eligible for relaxation in the upper age limit by 2 years and 4 years respectively.

d. (i) Candidates having Master’s Degree with Research/Teaching experience at a recognized Indian/Foreign University/ Institute will be eligible for relaxation in upper age limit to the extent of number of years of such experience subject to a maximum of three years. For experience, the probationary period will not be reckoned.

(ii) The above age relaxations will not be cumulatively available with age relaxations available to various categories as mentioned in Para 3 II (b) above.

3. Officers in Grade ‘B’ (DR) – DSIM Essential:

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

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

M. Stat. Degree of Indian Statistical Institute with a minimum of 55% marks in aggregate of all semesters/years; OR

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.

Note: For SC, ST and PwBD candidates, the minimum marks required in Master’s Degree as in items (a), (b), (c) and (d) above is 50% or an equivalent grade in aggregate of all semesters/ years.

Desirable: 

(i) Candidates with a Doctorate in topics related to the above subjects will be given preference.

(ii) Research or teaching experience and publication in standard journals will be considered as an additional qualification.

Note: 

(i) Candidates possessing M.Phil. and PhD qualification in the specified subjects will be eligible for relaxation in upper age limit by 2 years and 4 years respectively.

(ii) Candidates with research/teaching experience at a recognized Indian / Foreign University/Institute will be eligible for relaxation in upper age limit to the extent of number of years of such experience subject to a maximum of three years. For experience, the probationary period will not be reckoned.

(iii) The above age relaxations will not be cumulatively available with age relaxations available to various categories as mentioned in Para 3 II (b) above.

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Equivalent CGPA/OGPA/CPI or similar terminologies allotted on a 10 point scale

Aggregate Percentage of Marks

6.75 60%
6.25 55%
5.75 50%

 

Number of Attempts:

Candidates belonging to unreserved i.e. General Category, who have already appeared Six times for Phase-I Examination for this post/s in the past, are not eligible to apply. No such restriction applies to candidates belonging to SC/ST/OBC/PwBD/EWSs if the posts are reserved for them.

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RBI Grade B Exam Pattern 2019

Scheme of Selection for Officers in Grade B (DR)-General – 2019

1. RBI Grade B 2019 Notification: Phase-I – Online Examination (Objective Type)

Sr. No.

Name of the Test

Maximum Marks

Time Allotted

1. General Awareness 80 120 Minutes/2 Hours

Separate time will be allotted for each test.

2. English Language 30
3. Quantitative Aptitude 30
4. Reasoning 60
  Total 200

 

Note:

  1. A total time of 120 minutes will be given for answering. However, separate time will be allotted for each test.
  2. Candidates have to secure minimum marks separately for each test as well as in aggregate, as may be prescribed by the Board.

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2. RBI Grade B 2019 Notification: Phase-II – Online Examination

Name of Paper

Type of Paper

Time (Minutes)

Marks

Paper-I:

Economic and Social Issues

Objective Type 90 100
Paper-II:

English (Writing Skills)

Descriptive, to be typed with the help of the keyboard 90 100
Paper-III:

Finance and Management

Objective type 90 100

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3. RBI Grade B 2019 Notification: Interview

Candidates will be shortlisted for the interview, based on aggregate of marks obtained in Phase-II (Paper-I +Paper-II +Paper-III). The minimum aggregate cut off marks for being shortlisted for Interview will be decided by the Board in relation to the number of vacancies. Interview will be of 50 marks. Candidate may opt for interview either in Hindi or English. Final Selection will be through merit list which will be prepared by adding marks secured by candidates in Phase-II examination and
interview.

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RBI Grade B 2019 Notification – 

Sr. No.

Category

Charges

Amount*

1. SC/ST/PwBD Intimation Charges only Rs 100/-
2. GEN/OBC/EWSs Application fee including intimation charges Rs 850/-
3. STAFF@ Nil Nil

RBI Grade B 2019 Notification – Download the Official PDF

Official Notification PDF

RBI Grade B Salary 2019

1. Pay Scale

Pay Scale: Selected Candidates will draw a starting basic pay of Rs 35,150/- p.m. in the scale of Rs. 35150-1750 (9)-50900-EB-1750 (2)-54400-2000 (4)-62400 applicable to Officers in Grade B and they will also be eligible for Dearness Allowance, Local allowance, House Rent Allowance, Family allowance and Grade Allowance as per rules in force from time to time. At present, initial monthly Gross emoluments are approximately Rs 77,208/-(approx.)

RBI Grade B 2019 Salary Perquisites

Perquisites: 

  1. Bank’s accommodation, subject to availability, reimbursement of expenses for maintenance of vehicle for official purpose, newspaper, telephone charges, book grant, allowance for furnishing of residence, etc. as per eligibility.
  2. Free dispensary facility besides reimbursement of medical expenses for OPD treatment/hospitalization as per eligibility. Interest-free festival advance, Leave Fare Concession (once in two years for self, spouse and eligible dependents).
  3. Loans and Advances at concessional rates of interest for Housing, Vehicle, Education, Consumer Articles, Personal Computer, etc. Selected candidates will be governed by ‘the defined contribution New Pension Scheme (NPS)’, in addition to the benefit of Gratuity.
  4. At certain centres, limited number of residential quarters are available. Facility for securing residential accommodation on lease, however, exists at all centres.
  5. Initial appointment will be on probation for a period of two years. At Bank’s discretion, the probationary period may be extended up to a maximum period of four years.
  6. There are reasonable prospects for promotion to higher grades.
  7. Selected candidates are liable to be posted and transferred anywhere in India.

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RBI Grade B Career Prospects 2019 

  • The initial appointment will be on probation for a period of two years.
  • At Bank’s discretion, the probationary period may be extended up to a maximum period of four years.
  • There are reasonable prospects for promotion to higher grades.
  • For candidates possessing very high academic or professional qualification/ experience of significant value to the Bank, the Bank may, at its sole discretion, consider granting up to four advance increments.
  • The Board, at its sole discretion, may consider requests for higher emoluments on account of higher qualification/special experience of value to the Bank at the interview stage only.
  • Such information may be furnished in the Bio-data Form in the appropriate column. The number of maximum increments will be four. The Board/Bank will not entertain any request received after the interview.

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This was all from us in this blog of “RBI Grade B 2019 Notification – Vacancies, Exam Dates, Pattern, Salary“. We hope that you find the information given above in the blog useful. For more study notes for RBI Grade B, stay tuned to Oliveboard.

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