About the Reserve Bank of India (RBI)
RBI Grade B Phase 1 Result 2023 has been released on 18th July 2023. Reserve Bank of India (RBI), the country's central bank was established in 1935. Although it was formerly privately owned, since its nationalization in 1949, the RBI is wholly owned by the Government of India. It is responsible for currency issuance and circulation, maintaining financial stability, and managing government accounts.
7 Major Functions of the Reserve Bank of India (RBI)
Before moving on to the RBI Grade B Recruitment, one must note about the major functions of RBI.
- The sole issuer of all currency notes except one rupee note
- Banker to the Government
- Custodian of cash reserves of commercial banks
- Custodian of the country's foreign currency reserves
- Lender of last resort
- Central Clearance and accounts settlement
- Controller of credit
RBI Grade B Notification 2024
RBI Grade B 2024 Notification is expected to be released around March/April 2024. Till then, the candidates can have an idea of the RBI Grade B Exam from the 2023 Notification. Aspirants must also note that they have ample time with them as of now to prepare well for the RBI Grade B 2024. Go through the complete blog to know the dates, exam pattern, syllabus, and more.
RBI Grade B Latest Updates/ Overview for 2023 Cycle
Before moving on to the RBI Grade B 2024 Overview, let us understand the overview of the 2023 cycle (ongoing cycle).
- 28th August 2023: RBI Grade B Phase 2 Result for Generalist Post was out.
- 30th July 2023: RBI Grade B Phase 2 Exam for Generalist Post was conducted.
- 24th July 2023: RBI Grade B Phase 2 Admit Cards for Generalist Post were released.
- 18th July 2023: RBI Grade B Phase 1 Result for Generalist Post was out.
- 9th July 2023: RBI Grade B Phase 1 Exam Generalist/DEPR/DSIM Posts was conducted.
- 6th July 2023: RBI Grade B Phase 1 Admit Cards for DEPR/ DSIM Posts were released.
- 29th June 2023: RBI Grade B Phase 1 Admit Cards for Generalist Post were released.
- 6th June 2023: RBI Grade B Application Date Extension Notice was out.
- 9th May 2023: RBI Grade B Detailed Notification 2023 was released on RBI's website.
- 26th April 2023: RBI Grade B Short Notification 2023 was out in newspapers.
Download RBI Grade B Notification 2023 (Detailed)
RBI Grade B Notification 2024 - Overview
The RBI Grade B Notification 2024 will be out in the month of March/April 2024. However, candidates must take this as tentative. As you must be a beginner, let us tell you that RBI usually releases exam dates along with the RBI Grade B Notification itself. Although we have provided the tentative exam dates you will have to wait for the exact RBI Grade B 2024 Exam Dates.
|Exam Name||RBI Grade B Exam 2024|
|Exam Conducting Body||Reserve Bank of India |
|Exam Category||Regulatory Body Exam|
|Vacancies ||150 - 200 (Expected)|
|Language of Exam||English and Hindi|
|Periodicity||Once a Year|
|Selection Process||Prelims, Mains & Interview|
|Maximum Number of Attempts||6 for a General Category Candidate |
Note: If you have already attempted the Phase 1 exam 6 times, then you are not eligible.
|Online Registration Start Date||March/April 2024 |
|Last Date to Apply ||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|
|Eligibility - Age Limit ||21 to 30 Years|
|Eligibility - Education||Graduation in any discipline with a minimum of 60% marks for General candidates or Post Graduation in any discipline with a minimum of 55% marks.|
|Application Fee||Rs 850 for General Category Candidate|
Download RBI Grade B 2024 : The Complete Guide Here
RBI Grade B Notification 2024 - Important Dates
You will have to fill up the online application form to be able to take the exam.
|Important Events||Dates (Expected)|
|Commencement of online registration of application||March/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|
Important Note: The aspirants must note that all the details mentioned in this blog are as expected as the official detailed notification is yet to be out. The information will be updated here as and when the notification is released.
Attempt FREE RBI Grade B Mock Tests
RBI Grade B Notification PDF 2024
As of now the 2023 notification is not released, till then, you can download the RBI Grade B Notification 2023 from the direct link given below. The details of the 2024 Exam will be updated in the 2024 notification.
Download RBI Grade B Notification 2023 (Detailed)
RBI Grade B Vacancy 2024
A total of 291 vacancies were announced for the RBI Grade B (DR) generalist category in the RBI Grade B Notification 2023. You can check the expected vacancies for the RBI Grade B 2024 exam 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|
RBI Grade B Notification 2024 - Eligibility Criteria
Candidates, intending to apply for RBI Grade B 2024 exam should ensure that they fulfill the minimum eligibility criteria as specified by RBI in their advertisement.
RBI Grade B Eligibility Criteria - 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
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 Eligibility Criteria - Educational Qualification
To meet RBI Grade B Eligibility, the candidates will have to fulfill the educational qualification as well. Below we have given the post-wise RBI Grade B Educational Qualification 2024, do check it out.
(a) Officers in Grade ‘B' (DR)–(General):
Graduation in any discipline /Equivalent technical or professional qualification with minimum 60% marks (50% for SC/ST/PwBD applicants) or PostGraduation in any discipline / Equivalent technical or professional qualification with minimum 55% marks (pass marks for SC/ST/PwBD applicants) in the aggregate of all semesters/years.
Any such course from a recognized University / Institute that is taken after Class XII and is at least of 3 years duration/ candidates possessing professional or technical qualifications which are recognized by the Government as equivalent to professional or technical graduation will be eligible for admission to the examination, subject to obtaining minimum marks prescribed above.
Any such course from a recognized University / Institute that is taken after Graduation and is at least of 2 years duration / recognized by the Government as equivalent to professional or technical Post-graduation will be eligible for admission to the examination, subject to obtaining minimum marks prescribed above.
(b) Officers in Grade ‘B' (DR)–DEPR: a. 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).
For a) and b) above, a minimum of 55 percent marks or an equivalent grade is required in aggregate of all semesters/years from a recognized Indian or foreign University / Institute.
(c) 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 Notification 2024 - Application Form
The RBI Grade B application form has five sections. Filling up the RBI Grade B officer application form involves the following 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
- Rs 100-/ SC/ST/PWD
- No application fee for the RBI Staff
Step to Apply Online for the RBI Grade B Exam
RBI Grade B Selection Process 2024
The stages included in the RBI Grade B Selection Process are:
- Stage I - Phase 1 (Prelims)
- Stage II - Phase 2 (Mains)
- Stage III - Phase 2 - Interview
RBI Grade B Exam Pattern 2024
Check out the detailed exam pattern for Prelims and Mains in the subsections below:
RBI Grade B Phase 1 Exam Pattern 2024
The RBI Grade B Prelims exam consists of 4 sections: Reasoning, General Awareness, Quantitative Aptitude and English Language. The detailed exam pattern in a tabular format is presented below.
|General Awareness||80||80||25 minutes|
|English Language||30||30||25 minutes|
|Quantitative Aptitude||30||30||25 minutes|
*For RBI Bolt, log in through the exam page >> Click on the RBI Current Affairs in RBI Grade B Resources.
RBI Grade B Negative Marking
There is a negative marking in the RBI Grade B Phase 1 exam. 1/4th of the marks assigned to that question will be deducted for every wrong/incorrect answer.
RBI Grade B Phase 2 Exam Pattern
The RBI Grade B Mains exam consists of three papers: Paper 1, Paper 2 and Paper 3. Paper 1 and 3 are a combination of both objective and descriptive questions, while Paper 2 is completely descriptive in nature. The detailed format is presented below in a tabular format.
For the General Posts
|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)
|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)
RBI Grade B Interview
The final stage in the selection process is Interview. Check out the points mentioned below for the interview stage:
- Candidates will be shortlisted for the interview, based on the aggregate of marks obtained in Phase 2 (Paper 1 + Paper 2 + Paper 3).
- The minimum aggregate cut-off marks for being shortlisted for an interview will be decided by the Board in relation to the number of vacancies.
- The interview will comprise 75 marks.
- The candidate shall be required to undergo a Psychometric Test conducted by the Bank before appearing for the Interview. No marks will be allotted for the same and this will not form part of the final selection criteria.
- Candidates may opt for an interview either in Hindi or English.
Note: Final Selection will be through a merit list which will be prepared by adding marks secured by candidates in the Phase 2 examination and interview and grace marks as applicable as per extant rules.
RBI Grade B Notification 2024 - Syllabus
Well, you need to have a look at the detailed syllabus for both the Phases so we have provided you the syllabus for both phases separately.
RBI Grade B Phase 1 Syllabus
Phase 1 consists of 4 sections which are Quantitative Aptitude, Logical Reasoning, English and General Awareness.
RBI Grade B Quantitative Aptitude Syllabus
Data Interpretation, Quantity Based Questions (Q1, Q2, Q3 etc), Data Sufficiency, Simplification, Approximation, Quadratic Inequalities, Number Series (missing and wrong no. series).
Important Arithmetic Topics: Partnership, Average, Ages, Profit & Loss, Time & Work, Speed-Time-Distance, Boat & Stream, Trains, Simple Interest and Compound Interest, Percentage, Ratio & Proportion.
RBI Grade B Reasoning Syllabus
Alphanumeric Series, Order and Ranking, Direction Sense, Alphabet Test, Data Sufficiency, Inequalities, Seating Arrangement, Puzzle, Syllogism, Blood Relations, Input-Output, Coding-Decoding, and Logical Reasoning.
RBI Grade B English Language Syllabus
Cloze Test, Fillers, Spotting the Errors, Para Jumbles, New Pattern Questions, Idioms and Phrases, Word Rearrangement, Column Based Questions, Sentence Improvement, Paragraph Completion, Grammar, Reading Comprehension.
RBI Grade B General Awareness Syllabus
- Daily News (for Phase 1 & 2)
- Static GK (for Phase 1)
- Economic Survey (for Phase 1 & 2)
- Union Budget (for Phase 1 & 2)
- Census 2011 (for Phase 1 & 2)
- SECC 2011 (for Phase 1 & 2)
- Important RBI Notifications, Circulars, Reports (for Phase 2 – high priority, Phase 1 – fewer chances)
- Government Schemes (Union & State Govt schemes, Phase 1 & 2)
*To access current affairs material, Log in through the exam page >> Click on the RBI Current Affairs in RBI Grade B Resources.
General Awareness – Specific Topics for Current Affairs
- Awards/Film Festivals
- International News/India's initiative with other countries
- Miscellaneous - Ports/Industrial Parks, museums, Power plants, nuclear plants, any missile launch etc
- Banking Terminology
- Headquarters of Banks
- Economic and Financial news (like news related to Monetary Policy; Important Guidelines)
- Census Data
- Socio-Economic Caste Census
- Union Budget
- Economic Survey
Topics that are marked in bold are specific to Phase 1.
General Awareness – Specific Topics for Static GK
- National Parks / Sanctuaries
- Places of Importance like World Heritage Sites/Lakes/Rivers/Mountains/Temples
- National and International Days/Themes
RBI Grade B Phase 2 Syllabus
Check the detailed Phase 2 Syllabus below:
RBI Grade B Economic and Social Issues (ESI) Syllabus
a) Growth and Development: Measurement of growth: National Income and per capita income – Poverty Alleviation and Employment Generation in India – Sustainable Development and Environmental issues.
b) 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.
c) 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.
d) 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.
RBI Grade B Descriptive English Syllabus
The paper on English shall be framed in a manner to assess the writing skills including expression and understanding of the topic, Essay writing, Letter writing, Precis' etc.
RBI Grade B Finance and Management Syllabus
a) Financial System
1. Regulators of Banks and Financial Institutions
2. Reserve Bank of India- functions and conduct monetary policy
3. Banking System in India – Structure and concerns, Financial Institutions – SIDBI, EXIM Bank, NABARD, NHB, etc, Changing landscape of banking sector.
4. Impact of the Global Financial Crisis of 2007-08 and the Indian response
b) Financial Markets
Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.), functions, instruments, and recent developments.
c) General Topics
1. Risk Management in Banking Sector
2. Basics of Derivatives
3. Global financial markets and International Banking – broad trends and latest developments.
4. Financial Inclusion
5. Alternate source of finance, private and social cost-benefit, Public-Private Partnership
6. Corporate Governance in the Banking Sector, the role of e-governance in addressing issues of corruption and inefficiency in the government sector.
7. The Union Budget – Concepts, approach and broad trends
8. 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.
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, Alderfers' 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.
RBI Grade B Notification 2024 - Salary
We have tabulated the RBI Grade B officer's monthly salary here. Please take a look. As per the recent salary revision in the RBI Grade B salary, the basic pay has become Rs 55,200/- per month on the scale of Rs. 55200 - 2850 (9) - 80850 - EB - 2850 (2) - 86550 - 3300 (4) - 99750 (16 years) and the gross monthly emoluments will stand at Rs 1.08 Lakhs approx.
To be Updated