About the Reserve Bank of India (RBI)
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
Before moving on to the RBI Notification details, we must know the reason why so many candidates aspire to join as RBI Grade B Officer. Well, the Reserve Bank of India is the regulator of the Indian Banking System and working with such a prestigious institute is a matter of pride for everyone. Apart from it, the salary and perks being offered at RBI is amazing.
RBI Grade B Exam
RBI Grade B Exam is your gateway to enter as Grade B Officers at RBI. The candidates will be selected on the basis of three phases which are Phase 1, Phase 2 and Interview. RBI will release the vacancies for RBI Grade B General (DR), DEPR and DSIM. The syllabus and exam pattern of RBI Grade B consists of both objective and descriptive questions.
RBI Grade B Notification Release Date
The RBI Grade B Notification is released on 19th July 2024 in the newspapers and it will be released on 25th July 2024 at the official website which is www.rbi.org.in. A candidate will have to clear all the phases of RBI Grade B and come into the final merit list in order to get one vacant position. In this blog, we will discuss the complete information on RBI Grade B Exam and about the details that we will get in RBI Grade B Notification 2024.
RBI Grade B Notification
The RBI Grade B Short Notice 2024 is out on 19th July 2024. The detailed notification will include exam details like syllabus, exam dates, eligibility criteria, pattern, vacancies, and more. The application window will open on the same day on which the detailed RBI Grade B Notification will be released i.e. on 25th July 2024. Bookmark & regularly check out the complete blog for all the RBI Grade B Officer News & do not forget to download RBI Grade B 2024 Notification PDF.
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RBI Grade B Officer News
As of now, RBI Grade B Officer News is that, the notification for Grade B is out on 19th July 2024 in the newspapers. RBI will release the detailed RBI Grade B 2024 notification PDF to recruit eligible candidates at 94 vacant positions. Till then, the candidates must work on their preparation and test themselves by attempting the mock tests given below:
Attempt FREE RBI Grade B Mock Tests
RBI Grade B Notification 2024 - Overview
The RBI Grade B Application Form will be filled till 16th August 2024.
| Particulars | RBI Grade B Exam Details |
| Exam Name | RBI Grade B 2024 |
| Exam Conducting Body | Reserve Bank of India |
| Exam Category | Regulatory Body Exam |
| Exam Level | National |
| Exam Mode | Online |
| RBI Grade B Vacancies | 94 |
| 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. |
| Notification Release Date | 19th July 2024 (In Newspapers) |
| Online Registration Start Date | 25th July 2024 |
| Last Date to Apply | 16th August 2024 |
| RBI Grade B Phase 1 Exam Date 2024 | 8th September 2024 (DR General)
14th September 2024 (DEPR, DSIM) |
| RBI Grade B Phase 2 Exam Date 2024 | 19th October 2024 (DR General)
26th October 2024 (DEPR, DSIM) |
| Age Limit | 21 to 30 Years |
| 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 + 18% GST |
RBI Grade B Notification PDF 2024
The RBI 2024 notification is released. You can download the RBI Grade B Notification from the direct link given below. The details of the RBI 2024 Exam are updated in the RBI 2024 notification but some details such as eligibility, exam pattern, syllabus, etc tends to remain same every year.
Download RBI Grade B Notification PDF
RBI Grade B Notification - Important Dates
You will have to fill up the online application form to be able to take the RBI Recruitment 2024 Exam. Some dates will be mentioned in the RBI Grade B 2024 Notification and some will be released later in the form of notices. We will update all the notices here as and when out.
| RBI Grade B 2024 Important Dates | Dates |
| Release of RBI Grade B Notification 2024 | 19th July 2024 (Short Notice)
25th July 2024 (Detailed) |
| RBI Grade B Apply Online Starts | 25th July 2024 |
| RBI Grade B Apply Last Date | 16th August 2024 |
| RBI Grade B Application Fee Last Date | 16th August 2024 |
| Phase I Exam Date | 8th September 2024 (DR General)
14th September 2024 (DEPR, DSIM) |
| Phase II Exam Date | 19th October 2024 (DR General)
26th October 2024 (DEPR, DSIM) |
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RBI Grade B Vacancy 2024
RBI Grade B number of vacancies is disclosed officially by the RBI. We know each and every single individual who are eagerly waiting for release of advertisement wants to know about the number of vacancies for General, DEPR, and DSIM. A total of 222 vacancies were announced for the RBI Grade B (DR) generalist category in the RBI Grade B Notification for the previous cycle but this year, it is only 66.
| Post Name | Vacancies (2024) | Vacancies (2023) |
| RBI Gr. B Officer (DR) - General | 66 | 222 |
| RBI Gr. B Officer (DR) - DEPR | 21 | 38 |
| RBI Gr. B Officer (DR) - DSIM | 7 | 31 |
| Total | 94 | 291 |
RBI Grade B Notification 2024 - Application Form
The RBI Grade B Apply Online 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 + 18% GST
- Rs 100-/ SC/ST/PWD + 18% GST
- No application fee for the RBI Staff
Check out all other RBI Grade B Apply Online sections by clicking the link given.
RBI Grade B Notification - 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. The candidates must be graduates and the age must be between 21 and 30 years.
RBI Grade B Recruitment - Age Limit
Check out the below points to know the minimum and maximum age limit required:
- 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
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RBI Grade B Age Relaxation
The upper age limit extension for RBI Grade B exam aspirants is as mentioned below:
| 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
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.
| 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 Notification 2024 - Selection Process
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 Notification - Exam Pattern
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.
| 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
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) | 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 Interview
The final stage in the selection process is Interview. Check out the points mentioned below for the interview stage:
| Important Points for RBI Grade B Interview |
| Candidates will be shortlisted for the interview, based on the aggregate of marks obtained in Phase 2 (Paper 1 + Paper 2 + Paper 3). |
| 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.
Check out Complete RBI Grade B Syllabus Here!
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. Also note that this is expected from previous year's notification, we will update the changes in syllabus after RBI Grade B Notification will be released.
RBI Grade B Phase 1 Syllabus
Phase 1 consists of 4 sections which are Quantitative Aptitude, Logical Reasoning, English and General Awareness.
| Section | RBI Grade B Phase 1 Syllabus |
| 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 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 | Current Affairs, Indian Financial System, Indian Banking System, Monetary Plans, National Institutions, Banking Terms, etc
Specific Topics for Current Affairs
Appointments/ Committees/ Constituencies, Sports, Awards/Film Festivals, Meetings/ Summits, Schemes/ Campaigns/ Portals, International News/ India's initiative with other countries
Miscellaneous - Ports/Industrial Parks, museums, Power plants, nuclear plants, any missile launch etc, Reports/Indices, Obituary, 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
Biography/Autobiography, Abbreviations, Festivals, Stadiums, National Parks / Sanctuaries, Books, Sports, Places of Importance like World Heritage Sites/Lakes/Rivers/Mountains/Temples, Currency, Headquarters, Capitals, National and International Days/Themes, Dams, Miscellaneous, Airports |
RBI Grade B Phase 2 Syllabus
Check the detailed RBI Grade B Phase 2 Syllabus below:
| Section | RBI Grade B Phase 2 Syllabus |
| RBI Grade B 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.
9. FinTech
d) Management
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 1,16,914 Lakhs approx.
RBI Grade B Salary Structure 2024
Check out the salary overview in the table below:
| Particulars | Salary Structure |
| RBI Grade B Officer's Basic Pay | Rs 55,200/- p.m. |
| Payscale for an RBI Grade B Officer | Rs. 55200 - 2850 (9) - 80850 - EB - 2850 (2) - 86550 - 3300 (4) - 99750 (16 years) |
| RBI Grade B Salary – Allowances Given | i. Dearness Allowance,
ii. Local allowance,
iii. House Rent Allowance,
iv. Family allowance and
v. Grade Allowance |
| Gross Monthly emoluments | Rs 1,16,914 approximately. |
The RBI Grade B in-hand salary is Rs 80,000/- (approximately). Although the RBI Grade B officer's basic pay is Rs 55, 200 per month and the gross monthly emoluments are Rs, 1,16,914 but they keep getting other perks and allowances in different forms.
RBI Grade B Notification - Cut Offs
Check out the cut off for different years below:
For Phase 1 Exam
Check out the year wise cut off for phase 1.
| Section | 2023 | 2022 | 2021 | 2019 | 2018 | 2017 | 2016 | 2015 |
General Awareness
(Max. Marks = 80) | 12 | 12 | 16 | 20 | 20 | 16.5 | 20 | 20 |
Reasoning
(Max. Marks = 60) | 9 | 9 | 12 | 15 | 15 | 11 | 15 | 15 |
English Language
(Max. Marks = 30) | 4.5 | 4.5 | 6 | 7.5 | 7.5 | 6.75 | 7.5 | 7.5 |
Quantitative Aptitude
(Max. Marks = 30) | 4.5 | 4.5 | 6 | 7.5 | 7.5 | 4 | 7.5 | 7.5 |
Phase 1 Cut-Off Marks
(Max. Marks = 200) | 54.25 | 63.75 | 66.75 | 122 | 105.75 | 78 | 98.50 | 88.50 |
For Phase 2 & Interview
Check out the table below for the cut off:
| Recruitment Stage | 2023 | 2022 | 2021 | 2019 | 2018 | 2017 | 2016 | 2015 |
| Aggregate Cut–Off Marks in Paper 1, Paper 2 and Paper 3 (Out of 300) | 169 | 171.25 | 187.75 | 193.25 | 201.25 | 196.75 | 176.75 | 197 |
| Aggregate Marks in Written Examination (Paper- 1, 2 and 3) and Interviews were taken together (Out of 375) | 229 | 234.5 | 252.25 | 238.25 | 248.5 | 245.75 | 225.50 | 244 |
If you think that you are left with very less time of preparation or you are a candidate who is not eligible for this year's selection process, then you must start preparing for the next cycle. This will help you remain ahead of the huge competition. To guide you well, help you cover your syllabus & clear the exam, our faculties have come up with a new course.
RBI Grade B 2025 Complete Course
Exam Date
Phase 1: 8th September 2024 (DR General) 14th September 2024 (DEPR, DSIM), Phase 2: 19th October 2024 (DR General) 26th October 2024 (DEPR, DSIM)
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