Detailed RBI Grade B Notification 2021 is out on the RBI website. RBI has announced a total of 322 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) in the RBI Grade B Recruitment Notification 2021. The Grade B Exam is conducted in three stages namely Phase I, Phase 2, and the Interview round.
We can clearly see some changes in the RBI Grade B Exam Pattern 2021 and a few minor changes here and there. A descriptive portion is introduced in the ESI & FM Papers of Phase-2.
- RBI Grade B 2021 Notification – Major Changes Introduced
- RBI Grade B Notification 2021
- I. RBI Grade B Notification 2021 PDF Download
- II. RBI Grade B 2021 Apply Online Link
- III. RBI Grade B Vacancies 2021
- IV. RBI Grade B Exam Dates 2021
- V. RBI Grade B Officer Eligibility Criteria 2021
- VI. RBI Grade B Exam Pattern 2021
- VII. RBI Grade B Syllabus 2021
- VIII. RBI Grade B 2021 – Application Fees
- IX. RBI Grade B Salary 2021
- X. RBI Grade B Career Prospects 2021
- XI. RBI Grade B 2021 Preparation
- XII. RBI Grade B Testimonials
- RBI Grade B FAQs
- 1. Is RBI Grade B Tough?
- 2. What is the Salary of a Grade B officer in RBI?
- 3. How can I join RBI?
- 4. Can I crack RBI Grade B in 6 months?
- 5. How can I enter RBI?
- 6. Is coaching necessary for RBI Grade B?
- 7. Which Coaching is best for RBI Grade B?
- 8. Can I join RBI after my MBA?
- 9. Do RBI officers go abroad?
- 10. What happens after one joins as an RBI Grade B Officer?
- 11. Where do RBI Grade B officers get posted?
- 12. What is the transfer policy for RBI Grade B officers?
- 13. How is the probation period of RBI grade B officers?
- 14. What are the salary and other perks of an RBI Grade A officer?
- 15. How is the career progression (promotions) of an RBI Grade B officer?
- 16. What if the newly posted officers are not from Finance or Economics background? Is it difficult for them?
- 17. How is the work-life balance for an RBI Grade B officer?
- 18. What is the one thing that the interviewers look for in a candidate during RBI Grade B Interviews?
- 19. There are gap years after graduation. Will it affect my selection in RBI?
- RBI Grade B Online Course 2021 by Oliveboard
- RBI Grade B 2021 Notification Other Important FAQs
RBI Grade B 2021 Notification – Major Changes Introduced
1. Eligibility Criteria:
- Your 10th & 12th Marks would not be required.
- A minimum of 60% in Graduation.
2. Exam Pattern:
Descriptive Section introduced in Phase-2 Papers of ESI & FM.
- 50% of Marks are allotted to the Objective Questions (50 Marks) and 50% to the Descriptive Questions (50 Marks).
- A total time of 120 minutes would be given wherein 30 minutes given to the objective paper and 90 minutes to the descriptive paper.
5. No. of Questions:
- There would be 30 questions in the Objective Paper (1 & 2 Markers) carrying a total of 50 marks.
- There would be a total of 6 Questions in the Descriptive Paper. You will have to attempt 4 out of these 6 questions.
- Out of these 4 questions that you attempt, 2 questions would carry 15 marks each and the other 2 questions would carry 10 marks each.
- The interview would be of 75 marks.
There are no major changes as such, but 2-3 topics have been added to the syllabus of Economic & Social Issues and Finance & Management.
Read on to know the complete details about the RBI Grade B Notification 2021 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 Notification 2021
I. RBI Grade B Notification 2021 PDF Download
Download the official PDF here: http://bit.ly/RBI-Grade-B-2021-Official-PDF
II. RBI Grade B 2021 Apply Online Link
Mode of Application: Candidates are required to apply ONLINE only through the link given below:
III. RBI Grade B Vacancies 2021
A total of 322 Vacancies are announced in the RBI Grade B 2020-21 Advertisement.
- Grade B officer (General) – 270
- Grade B officers (DSIM) – 23
- Grade B officers (DEPR) – 29
Details of the Vacancies Announced
|Posts||Number of Vacancies|
|Unreserved i.e., General (GEN/UR)||Scheduled Castes (SC)||Scheduled Tribes (ST)||Other Backward Classes (OBC) $||EWSs@||TOTAL|
|1. Officers in Grade ‘B’(DR)- General||108||49||27||59||27||270^|
|2. Officers in Grade ‘B’(DR)- DEPR||13||5||3||6||2||29^^|
|3. Officers in Grade ‘B’(DR)- DSIM||9||5||5#||3||1||23^^^|
^Out of 270 vacancies for Grade ‘B’ (DR)-General, 13 vacancies are reserved for Persons with Benchmark Disability (PwBD) Category, viz. 3 vacancies for candidates of blindness and low vision; 4 vacancies for deaf and hard of hearing out of which 1 is backlog vacancy; 3 vacancies for locomotor disability including cerebral palsy, leprosy cured, dwarfism, acid attack victims, and muscular dystrophy out of which 1 is backlog vacancy; and 3 vacancies for multiple disabilities from amongst persons, as detailed below in para 1 of Note for PwBD candidates, out of which 1 is backlog vacancy.
^^Out of 29 vacancies for Grade ‘B’(DR)-DEPR, 1 vacancy is reserved for PwBD candidate under locomotor disability including cerebral palsy, leprosy cured, dwarfism, acid attack victims, and muscular dystrophy. No backlog vacancy exists for PwBD candidates for DEPR posts.
^^^ Out of 23 vacancies for Grade ‘B’(DR)-DSIM, 1 vacancy is reserved for PwBD candidate under deaf and hard of hearing which is a backlog vacancy, and 1 vacancy is reserved for multiple disabilities from amongst persons, as detailed below in para 1 of Note for PwBD candidates, which is not a backlog vacancy.
# includes 4 backlog vacancies.
IV. RBI Grade B Exam Dates 2021
|Website Link Open For Online Registration of Applications and Payment of Fees/Intimation Charges||January 28, 2021, to February 15, 2021|
|1. Officers in Gr B (DR)- General||Phase-I – Online Examination||March 6, 2021$|
|Phase-II – Paper I, II & III Online Examination||April 1, 2021|
|2. Officers in Gr B (DR) – DEPR*||Phase I – Paper – I – Online Examination||March 6, 2021|
|Phase II – Paper – II & III Online/Written Examination||March 31, 2021£
(To be confirmed in Admit cards)
|3. Officers in Gr B (DR)- DSIM@||Phase I – Paper – I – Online Examination||March 6, 2021|
|Phase II – Paper – II & III Online/Written Examination||March 31, 2021£
(To be confirmed in Admit cards)
*Department of Economic and Policy Research,
@ Department of Statistics and Information Management
** The Board reserves the right to make any change in these dates.
$ Candidate will have to appear in only one shift of Phase-I examination.
£ Candidate will have to appear in all the shifts of Phase ll / Paper-II & Ill examination.
V. RBI Grade B Officer Eligibility Criteria 2021
1. RBI Grade B 2021 Age Limits:
Age Limits (As of 1st of January 2021):
- A candidate must have attained the age of 21 years and must not have attained the age of 30 years on the 1st of January 2021 i.e., he/she must have been born not earlier than 2nd January 1991 and not later than 1st January 2000.
- For candidates possessing M.Phil. and Ph.D. qualifications, the upper age limit will be 32 and 34 years respectively.
2. RBI Grade B 2021 Educational Qualification
The following minimum educational qualifications are prescribed for the posts:
|Posts||Minimum Educational Qualifications (as of 1st of January 2021):|
|1. Officers in Grade ‘B’ (DR) – (General)||
• Graduation in any discipline /Equivalent technical or professional qualification with a minimum of 60% marks (50% for SC/ST/PwBD applicants)
Post-Graduation / Equivalent technical qualification with minimum 55% marks (pass marks for SC/ST/PwBD applicants) in aggregate of all semesters/years.
|• Any such full-time course from a recognised University / Institute that is taken after Class XIIth and is at least of 3 years’ duration/ candidates possessing professional and technical qualifications which are recognised by the Government as equivalent to professional and technical graduation will be eligible for admission to the examination.|
|• Candidates who have passed the Final Examination for Membership of the Institute of Chartered Accountants of India may also apply for the post.|
|• Any such full-time course from a recognised University / Institute that is taken after graduation and is at least 2 years’ duration / recognised by the Government as equivalent to post-graduation will be eligible for admission to the examination.|
|2. Officers in Grade ‘B’ (DR) – DEPR||Essential:|
|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 recognised 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 recognised Indian or Foreign University /Institute; OR|
|c. 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 the upper age limit to the extent of the number of years of such experience subject to a maximum of three years. For experience, 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. 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|
|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. M. Stat. Degree of Indian Statistical Institute with a minimum of 55% marks in 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.|
|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 Ph.D. qualification in the specified subjects will be eligible for relaxation in the 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 the upper age limit to the extent of the 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.|
Some Universities/Institutes/Boards do not award Class or percentage of marks and allot Aggregate Grade Points (e.g. CGPA/OGPA/CPI, etc.). In case University/Institute/Board defines criteria for conversion of Aggregate Grade Point into the percentage of marks, the same will be accepted. However, where the University/Institute/ Board does not define criteria for conversion of Aggregate Grade Point into the percentage of marks, in the degree/passing certificates, the undefined parameter(s) would be worked out as under:
|Equivalent CGPA/OGPA/CPI or similar terminologies allotted on a 10-point scale||Aggregate Percentage of Marks|
3. Number of Attempts
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.
Do you fulfill the eligibility criteria? If yes, then do not wait. Start preparing. The sooner the better.
VI. RBI Grade B Exam Pattern 2021
Scheme of Selection for Officers in Grade B (DR)-General – 2021
1. RBI Grade B Exam Pattern: Phase-I (Online Examination – Objective Type)
The Paper will consist of tests of:
A total time of 120 minutes will be given for answering.
However, separate time will be allotted for each test.
Other detailed information regarding the examination will be given in an Information Handout, which will be made available for the candidates to download along with the Admission letter for examination from the RBI website.
Candidates, who secure minimum marks separately for each Test, as prescribed, will be shortlisted for Phase-II of the examination based on the aggregate marks obtained in Phase-I.
2. RBI Grade B Exam Pattern: Phase-II – Online Examination
|Name of Paper||Type of Paper||Proposed
Economic and Social Issues
|50% Objective Type + 50% Descriptive, answers to be
typed with the help of the keyboard
|30 + 90
|50 + 50
English (Writing Skills)
|Descriptive, answers to be typed with the help of the keyboard||90 Minutes||100|
Finance and Management
|50% Objective Type + 50% Descriptive, answers to be typed. with the help of the keyboard||30 + 90
|50 + 50
For both Paper I and III, there will be 30 questions and 50 marks for Objective questions (some questions carrying 2 marks each and some carrying 1 mark each).
- In the case of Descriptive questions, 6 questions will be asked, of which candidates will be required to attempt 4 questions (2 of 15 marks each (with difficulty level) and 2 of 10 marks each). In case, candidate answers more than 4 questions in descriptive, the first 4 shall be evaluated.
- All question papers (in both the Phases, except the test of English) will be set bilingually in Hindi and English.
3. RBI Grade B Notification 2021: Interview
- Candidates will be shortlisted for the interview, based on an 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.
- Roll No. of the candidates shortlisted for interview will be published on the RBI website at the appropriate time and interview call letters will be sent on registered email ID.
- The interview will be of 75 marks.
VII. RBI Grade B Syllabus 2021
1. Paper-I – Economic and Social Issues (ESI):
- Growth and Development – Measurement of growth: National Income and per capita income – Poverty Alleviation and Employment Generation in India – Sustainable Development and Environmental
- 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.
- 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.
- 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.
Suggested reference material:
- Books: Indian Economy: Uma Kapila (series of books) 2. Indian Economy: Mishra & Puri (Latest Edition) 3. Growth and Development: Devraj Ray 4. Sociology: C.N. Shankar Rao 5. Public Finance – K K Andley and Sundaram
- Newspapers including Mint, Business Line,
- Magazines/Periodicals/ Bulletins including RBI Bulletins, EPW, India Today,
- Reports: 1. World Development Report 2. Economic Survey of India 3. RBI Annual Report 4. Report on Trend and Progress of Banking in India. 5. IMF: World Economic Outlook
- Material sourced from RBI website
2. Paper-II -English (Writing Skills):
The paper on English shall be framed in a manner to assess the writing skills including expression and understanding of the topic.
3. Paper-III – Finance and Management:
- Regulators of Banks and Financial Institutions
- Reserve Bank of India- functions, and conduct of monetary policy
- Banking System in India – Structure and concerns, Financial Institutions – SIDBI, EXIM Bank, NABARD, NHB, etc, Changing landscape of banking
- Impact of the Global Financial Crisis of 2007-08 and the Indian response
- Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.), functions, instruments, recent developments.
- Risk Management in Banking Sector
- Basics of Derivatives
- Global financial markets and International Banking – broad trends and latest
- Financial Inclusion
- Alternate source of finance, private and social cost-benefit, Public-Private Partnership
- Corporate Governance in Banking Sector, the role of e-governance in addressing issues of corruption and inefficiency in the government
- The Union Budget – Concepts, approach, and broad trends
- 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.
Suggested reference material:
- Monetary Theory and Public Policy – Kenneth Kurihara
- Indian Economy – Mishra & Puri
- Economic Growth and Development – Mayer and Baldwin
- Financial Management – Prasanna Chandra
- Major financial newspapers
- International business by Hill and Jain
- RBI Annual Report, Report on Trend and Progress of Banking in India,
- Economic Survey
- Material sourced from RBI website
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, Alderfer’s’ 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.
Suggested reference material:
- Stephen P. Robbins & Mary Coulter,
- Robbins Stephen P and Judge T.A. Vohra, Organisational Behaviour
- Dessler Gary, Warkkey Biju- Human Resource Management
- Decenzo and Robbins- Fundamentals of Human Resource Management
- Velasquez Manuel G: Business Ethics- Concepts and
- Fernando A.C.: Business Ethics – An Indian
- Crane Andrew & Matten Dirk: Business Ethics
- Ghosh BN: Business Ethics & Corporate Governance
VIII. RBI Grade B 2021 – Application Fees
Intimation Charges only
Application fee including intimation charges
IX. RBI Grade B Salary 2021
SERVICE CONDITIONS/ CAREER PROSPECTS
1. RBI Grade B 2021 Pay Scale
Selected Candidates will draw a starting basic pay of ₹35,150/-p.m. on the pay scale of Rs. 35150-1750(9)-50900-EB-1750 (2) – 54400-2000(4)-62400 (16 years) 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 ₹83254/- (approx) The House Allowance of 15% of Basic Pay will be paid, if accommodation is not provided by the Bank.
Note: 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 because 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 increments will be a maximum of four. The Board/Bank will not entertain any request received after the interview.
2. RBI Grade B 2021 Salary Perquisites
- 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.
- 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).
- 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.
Candidates selected from separate recruitments for the post of Officer in Gr. B (DR) for General, DEPR, DSIM streams will join the Combined Seniority Group and the seniority among these Officers will be fixed according to the ranking worked out by using the standard percentile score of aggregate marks of selected candidates.
4. At certain centers, a limited number of residential quarters are available. Facility for securing residential accommodation on lease, however, exists at all centers.
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.
X. RBI Grade B Career Prospects 2021
- 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.
XI. RBI Grade B 2021 Preparation
Our regulatory bodies exam expert, Riti Mam has come out with a comprehensive preparation strategy and study plan for the upcoming 40 days. Please have a look.
XII. RBI Grade B Testimonials
RBI Grade B FAQs
1. Is RBI Grade B Tough?
Ans: It is common knowledge that the RBI Grade B examination is one of the toughest examinations to crack in India. However, the good news is that is it is not impossible. With the right competitive exam preparation, you can pass this exam successfully despite the immense competition.
The answer to the question: How tough is the RBI Grade B exam, can be thought out from the fact that around 2 Lakh aspirants fill the form every year and more or less 1.5 Lakhs write the Phase-1 Paper.
Out of these 1.5 lakhs aspirants, only around 150 get to become RBI Grade B officers, which is around 0.1 percentage.
One has to be quite passionate about becoming a Grade B officer in the Reserve Bank of India and prepare with all heart and soul.
Have a look at the RBI Grade B Previous Years Cut off Marks Here
2. What is the Salary of a Grade B officer in RBI?
|RBI Grade B Salary|
|RBI Grade B Salary – Basic Pay||Rs 35,150/- p.m.|
|RBI Grade B Salary – Scale||Rs. 35150-1750 (9)-50900-EB-1750 (2)-54400-2000 (4)-62400|
|RBI Grade B Salary – Allowances Given||i. Dearness Allowance,
ii. Local allowance,
iii. House Rent Allowance,
iv. Family allowance and
v. Grade Allowance
|RBI Grade B Salary – Gross Monthly Emoluments||Rs 83254/-|
RBI Grade B Officer Salary Increments
- Selected Candidates will draw a starting basic pay of ₹35,150/-p.m. on the pay scale of Rs. 35150-1750(9)-50900-EB-1750 (2) – 54400-2000(4)-62400 (16 years) 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 ₹83254/- (approx) The House Allowance of 15% of Basic Pay will be paid, if accommodation is not provided by the Bank.
3. How can I join RBI?
If you happen to fulfill the eligibility criteria, then you can take up the RBI Grade B exam 2020, prepare and go on to becoming RBI Grade B Officer. Refer here for the complete preparation strategy.
4. Can I crack RBI Grade B in 6 months?
Yes, you can. An aspirant who is new to this exam would need at least 6 months to understand the requirements to be able to clear this exam in his/her first attempt.
It is advisable to simultaneously prepare for the Phase-I and Phase-II exams, instead of waiting for the Phase-I exam to get over and then beginning with Phase-II preparation.
You must be thinking why?
i. Because after the Phase-I Exam gets over and suppose you clear the exam, there won’t be enough time left to prepare well for the Phase-II exam
ii. The selection process is such that the Phase-I exam is an aptitude test that can be prepared for and improved upon in a comparatively shorter duration. The Phase-II exam, on the other hand, comprises of subjects like Economics & Social Issues and Finance & Management. These topics require persistent focus and attention.
In general, while preparing for the exam, you must decide on the following things:-
- Order of attempting various sections
- Time to be spent on each section
- Number of questions to be attempted
Things to be kept in Mind while Preparing
- Understand that all the 3 things mentioned above are dynamic and would vary from person to person, or sometimes even paper to paper, based on the difficulty level. Attempting a substantial number of mock tests (both sectional & full-length) would help you decide on the above-mentioned things.
- Do remember, the mock tests mentioned in the study plan will serve their purpose only if you analyze them and devote sufficient time to that analysis, instead of simply taking a mock test.
- Understand, that the goal is to clear the individual sectional cutoffs first and then to maximize your overall score. Clearing sectional cutoffs requires a basic level of proficiency in each of the sections whereas, for maximizing the overall score, one can capitalize on their strengths.
- Apart from the subject knowledge, your time management skills play an equally important role in the exam. Taking mock tests will also provide you with a situation where you can practice making such important decisions, and thus be better prepared for the actual exam.
5. How can I enter RBI?
You have two options to enter the Reserve Bank of India as an employee.
Sometimes vacancies for the post of RBI Grade A officers are also released but it is not regular recruitment.
6. Is coaching necessary for RBI Grade B?
It would depend upon individual needs whether she/he wants to enroll for online coaching or not. If you thorough with the RBI Grade B Syllabus and feel confident that you can crack the examination without any external aid, then there is no need for any coaching.
On the other hand, if you have a limited amount of time on a daily basis to prepare for the exam, and wish to take the online expert guide, complete study material: Video Lessons, Detailed Notes, Mock Tests, English Descriptive Classes, then you must surely go for it. It would make your preparations convenient.
7. Which Coaching is best for RBI Grade B?
Well, here we would like to say ours. Have a look at the course offerings here and decide for yourself. You can use Coupon Code P30 & Get 30% off on RBI Grade B Courses. Login or Sign up to have a look at Video Lessons, Study Notes & Mock Tests
8. Can I join RBI after my MBA?
Yes, absolutely. After your MBA, you would a thorough knowledge of Finance & Management which itself is a complete paper worth 100 in RBI Grade B Phase-2. It would be a plus point for you.
9. Do RBI officers go abroad?
Yes, if you wish to study at any university abroad, RBI pays for your education as well as takes care of your salary.
RBI officers do not get postings outside India.
However, some officers might get a chance to go to several national and international organizations on deputations.
10. What happens after one joins as an RBI Grade B Officer?
Ans. As you get the call letter to join the Reserve Bank of India, either you are directly sent for training in the Reserve Bank Staff College, Chennai, or directly given your first posting in some RBI Office across the country.
The first posting one gets is mostly in Mumbai, but it might vary depending on the requirements and vacancies.
The first department that one is given the charge of is the “Issue & Banking Department” so that one learns basic banking and knows the nitty-gritty of it.
You get to work in different RBI Offices across the country in various departments. The service experience that you get is very enriching.
11. Where do RBI Grade B officers get posted?
Ans. As such posting preferences are not asked while giving the postings before joining RBI. You must be prepared for all India postings and transfers.
There are four zonal offices of RBI in Mumbai, Kolkata, Delhi, and Chennai.
RBI has nineteen regional offices at Thiruvananthapuram, Patna, Nagpur, Lucknow, Mumbai, Kochi, Kolkata, Jammu, Kanpur, Chennai, Delhi, Guwahati, Bhubaneshwar, Bhopal, Hyderabad, Ahmedabad, Chandigarh, Jaipur, and Bangalore.
Eleven sub-offices of RBI are at Agartala, Aizawl, Shillong, Dehradun, Gangtok, Imphal, Panaji, Srinagar, Raipur, Shimla, and Ranchi.
Married people should not put any condition before joining. Take the appointment letter, join the duty wherever you are posted, and then apply for transfers.
12. What is the transfer policy for RBI Grade B officers?
Ans. You might be transferred every 3 years. Not a hard and fast rule, your stay at some offices say at the zonal office might be for more than 3 years as well.
13. How is the probation period of RBI grade B officers?
Ans. You are observed for 2 years. The way you behave and the way you work, your training performance, your interpersonal relationships with your colleagues and seniors, etc, everything is noticed and taken into consideration.
You will be given hands-on training in these two years and at the end of two years, you will be intimated that you have completed your probation period successfully. FYI nobody gets disqualified.
If someone has some medical issues, then she or he is kept on medical probation. After 6 months she/he will have to meet the bank medical officer for a check-up and then the medical officer issues your clearance letter and then your probation gets over.
14. What are the salary and other perks of an RBI Grade A officer?
Ans. The gross emoluments come around Rs 83254/-
The best thing is that you get RBI quarters which is a great relief in a city like Mumbai.
Sometimes if RBI quarters are not available, you would get leased accommodation.
Anything that you can think of, is paid to you. RBI takes good care of its employees.
15. How is the career progression (promotions) of an RBI Grade B officer?
Ans. If one continues to work in RBI with sincerity & dedication, then an RBI Grade B Officer can reach up to CGM level post. Few Grade B officers have also managed to reach Executive Director (ED) positions and very few up to Deputy Governors (DG).
Principal Chief Manager
Chief General Manager
Deputy General Manager
Asst. General Manager
Manager (Grade B Officer)
You can reach the level of executive director and if you are lucky enough you can reach the post of deputy governor as well.
For career progression, you need to continuously keep acquiring additional qualifications relevant to the field and your interpersonal relations with other people will also matter.
There is no written test or so to say for promotions from Grade B to Grade C. Your promotion would depend upon vacancies available and you would be interviewed by senior officials.
But for promotions from Grade C to Grade D, there is a written test & and an interview.
The other interview happens when you are being promoted from the post of GM to CGM. At that time, there is an interview with the Governor & Deputy Governors.
16. What if the newly posted officers are not from Finance or Economics background? Is it difficult for them?
Ans. You are well taken care of. Before posting you are well trained in RBSC Chennai. Even when you are transferred from one department to another, you have your seniors to learn from. Also, there is learning material given to you which gives you knowledge about the job to be done and gradually gain expertise.
Do not worry about anything.
Your learning and training would be taken care of.
17. How is the work-life balance for an RBI Grade B officer?
Ans. Mostly the work is manageable. Absolutely no issues or worries.
For some departments, there might be pressure or stress, but then too it is manageable.
There is at least or we can say no interference from the outside world in your work.
All and all it is manageable and you would enjoy working.
It is a 5-day week job giving Saturdays and Sundays off.
18. What is the one thing that the interviewers look for in a candidate during RBI Grade B Interviews?
Ans. The only thing they look for is whether the person being interviewed is suitable for the job and whether he/she will stick to the job.
The organization puts money on your training after your selection, if you leave after the training period, it does not make sense to them.
Therefore, whether you would stick with the organization would play a crucial role in your selection.
Is there any bias towards people from a certain educational background?
Ans. No. There is no bias as such. They look for people who are employable and amenable, who suits the kind of work RBI does.
19. There are gap years after graduation. Will it affect my selection in RBI?
Ans. No, it would not. If you fit for the role and can convince the interviewers that you are a good fit for the job, nothing would matter then.
So, these are a few frequently asked questions and their answers. We hope that you got all your answers here.
RBI Grade B Online Course 2021 by Oliveboard
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1. Course Details
RBI Grade B Cracker is designed to cover the complete syllabus for the 3 most important subjects: GA for Phase 1 and Objective + Descriptive portions of ESI + F&M for Phase 2 exam.
Not just that, it also includes Mock Tests & Live Strategy Sessions for English, Quant & Reasoning for Phase 1. The course aims to complete your preparation in time for the release of the official notification.
RBI Grade B 2021
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Video Lessons & Study Notes
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1.2. How to enroll for the RBI Grade B Online Course 2021?
Sign up or log in using the link given below. You will be redirected to the payments page. Read the course offerings and subscribe to RBI Grade B 2021 Crash Course.
Now that you are aware of the RBI Grade B Online Classes, why wait?
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RBI Grade B 2021 Notification Other Important FAQs
Online application/registration starts on the 28th of January 2021and the last date to register is Feb 15, 2021.
The last date to register is Feb 15, 2021.
For Officers in Gr B (DR) – General
Phase-I – 06-Mar-2021
Phase-II – 01-Apr-2021
RBI has now released a newspaper ad announcing a total of 322 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).
1. Grade B officer (General) – 270
2. Grade B officers (DSIM) – 23
3. Grade B officers (DEPR) – 29
A minimum of 60% marks (50% in case of SC/ST/PwBD) or an equivalent grade in Bachelor’s degree.
The minimum qualifying percentage or an equivalent grade for the Bachelor’s degree will be in aggregate for all semesters/years.
Students in the last years of their graduation can apply.
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