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RBI Grade B 2024 Notification, Exam Dates, Eligibility, Pattern, Syllabus

Last updated on 21-May-2024

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.

  1. The sole issuer of all currency notes except one rupee note
  2. Banker to the Government
  3. Custodian of cash reserves of commercial banks
  4. Custodian of the country's foreign currency reserves
  5. Lender of last resort
  6. Central Clearance and accounts settlement
  7. Controller of credit

RBI Grade B Notification

RBI Grade B Notification will be released in June 2024. This year, the aspirants have got extra time for the preparation as the notification is delayed due to elections. The candidates can have an idea of the RBI Grade B 2024 Exam from the previous years' RBI Grade B Notification. Aspirants must also note that they RBI Grade B 2024 notification will be out anytime hence it's high time to prepare well for the RBI Grade B 2024. Go through the complete blog to know the dates, exam pattern, syllabus, and more of RBI Recruitment 2024.

RBI Grade B Notification 2024

As per the previous trends, the application window will open on the same day on which the detailed RBI Grade B Notification will be released. The official notification for the post of Assistant Manager is expected to be seen in June 2024. Bookmark & regularly check out the complete blog for all the RBI Grade B Officer News.

Attempt FREE RBI Grade B Mock Tests

RBI Grade B Notification 2024 - Overview

The RBI Grade B Notification 2024 will be out in the month of June 2024. However, candidates must take this as tentative. As you must be a beginner, let us tell you that RBI will release RBI Grade B Exam Date 2024 along with the RBI Grade B Notification itself. We have provided the tentative exam dates, you will have to wait for the exact RBI Grade B 2024 Exam Dates.

ParticularsDetails
Exam NameRBI Grade B 2024 Exam
Exam Conducting BodyReserve Bank of India 
Exam CategoryRegulatory Body Exam
Exam LevelNational
Exam ModeOnline
Vacancies 150 - 200 (Expected)
Language of ExamEnglish and Hindi
PeriodicityOnce a Year
Selection ProcessPrelims, Mains & Interview
Maximum Number of Attempts6 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 DateJune 2024 
Last Date to Apply June 2024
RBI Grade B Exam Date 2024 for Phase 1June/July 2024
RBI Grade B Exam Date 2024 for Phase 2 July 2024
Eligibility - Age Limit 21 to 30 Years
Eligibility - EducationGraduation 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 FeeRs 850 for General Category Candidate + 18% GST

RBI Grade B Notification PDF 2024

As of now the RBI 2024 notification is not released, till then, you can download the RBI Grade B Notification for previous year from the direct link given below. The details of the RBI 2024 Exam will be updated in the RBI 2024 notification.

Download RBI Grade B Notification 2023 (Detailed)

RBI Grade B Notification 2024 - 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.

Important EventsDates (Expected)
Commencement of online registration of applicationJune 2024
Closure of registration of applicationJune 2024
Closure for editing application detailsJune 2024
Last date for printing your applicationJune 2024
Online Fee PaymentJune 2024
RBI Grade B Exam Date 2024 for Phase 1June/July 2024
RBI Grade B Exam Date 2024 for Phase 2July 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.

Download RBI Grade B 2024 : The Complete Guide Here

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 for the previous cycle. 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 TBU222
RBI Gr. B Officer (DR) - DEPR TBU38
RBI Gr. B Officer (DR) - DSIMTBU31
TotalTBU291

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

Step to Apply Online for the RBI Grade B Exam

We have tried to summarize the steps to apply online in the form of an infographic, so check it out below:

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 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.

RBI Grade B Age Relaxation

The upper age limit extension for RBI Grade B exam aspirants is as mentioned below: 

CategoryRelaxation
SC/ST5 years
OBC3 years
Ex-Servicemen5 years
ECOs/SSCOs5 years
PwD10 years (Gen/EWS)
13 years (OBC)
15 years (SC/STs)
Experienced Candidates - Scheduled Commercial Banks, Public Sector Insurance Companies, All India Financial Institutions, RBIThe 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 service5 years
Candidates with M.Phil2 years
Candidates with PhD4 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.

PostRBI 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)–DEPRA 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)–DSIMa. 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 2024 - 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.

SectionsTotal QuestionsMarksDuration
Reasoning606045 minutes
General Awareness808025 minutes
English Language303025 minutes
Quantitative Aptitude303025 minutes
Total2002002 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

PapersType of testTotal MarksDuration
Paper 1 - Economic and Social Issues50% 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 Test100 marks90 mins
Paper 3 - Finance and Management50% 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.

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.

SectionRBI Grade B Phase 1 Syllabus
RBI Grade B Quantitative Aptitude SyllabusData 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 SyllabusAlphanumeric 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 SyllabusCloze 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 SyllabusCurrent 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:

SectionRBI 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 SyllabusThe 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 Syllabusa) 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 1.08 Lakhs approx.

RBI Grade B Salary Structure 2024

Check out the salary overview in the table below:

ParticularsSalary Structure
RBI Grade B Officer's Basic Pay Rs 55,200/- p.m.
Payscale for an RBI Grade B OfficerRs. 55200 - 2850 (9) - 80850 - EB - 2850 (2) - 86550 - 3300 (4) - 99750 (16 years)
RBI Grade B Salary – Allowances Giveni. Dearness Allowance,
ii. Local allowance,
iii. House Rent Allowance,
iv. Family allowance and
v. Grade Allowance
The gross monthly emoluments for an RBI Grade B OfficerRs 1.08 Lakhs 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, 1.08 Lakhs but they keep getting other perks and allowances in different forms taking their gross pay to Rs 2 lakhs per month. 

RBI Grade B Notification 2024 - 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.

Section20232022202120192018201720162015
General Awareness
(Max. Marks = 80)
121216202016.52020
Reasoning
(Max. Marks = 60)
99121515111515
English Language
(Max. Marks = 30)
4.54.567.57.56.757.57.5
Quantitative Aptitude
(Max. Marks = 30)
4.54.567.57.547.57.5
Phase 1 Cut-Off Marks
(Max. Marks = 200)
54.2563.7566.75122105.757898.5088.50

For Phase 2 & Interview

Check out the table below for the cut off:

Recruitment Stage20232022202120192018201720162015
Aggregate Cut–Off Marks in Paper 1, Paper 2 and Paper 3 (Out of 300)169171.25187.75193.25201.25196.75176.75197
Aggregate Marks in Written Examination (Paper- 1, 2 and 3) and Interviews were taken together (Out of 375)229234.5252.25238.25248.5245.75225.50244

Exam Date

To be Updated

Total Vacancies

To be Updated

Download Notification

FAQs

Q. What is the selection procedure followed for RBI Grade B exam?

A. The RBI Grade B exam is conducted in three stages: Phase I (Prelims), Phase 2 (Mains), and the Interview round.

Q. What is the minimum qualification required for RBI Grade B? +

A. You will need a minimum of 60% marks (50% in case of SC/ST/PWD) or an equivalent grade in Bachelor's degree OR a minimum of 55% percentage in your Post Graduation if you are a postgraduate (pass marks for SC/ST/PwBD applicants).

Q. Will there be RBI Grade B exam in 2024? +

A. Yes, the RBI Grade B exam will be conducted in 2024.

Q. How many times can I attempt RBI Grade B exam? +

A. If you are a general category candidate, you have 6 attempts, whereas there is no bar on the number of attempts for SC/ST/OBC/PWD candidates. By 6 attempts, it means you should have taken the RBI Grade B Phase 1 exam 6 times. If you have already taken the RBI Grade B Phase 1 exam 6 times, then you are not eligible to apply.

Q. Is there any negative marking in RBI Grade B exam? +

A. Yes, there is negative marking in Phase 1 of the RBI Grade B exam. There is a negative marking of 0.25 marks for every incorrect answer in RBI Grade B Phase 1.

Q. What is the Application Fee for RBI Grade B 2024 Exam? +

Expected Application fee for the RBI Grade B is as follows:
For GEN/OBC/EWSs - Rs 850 + 18% GST
For SC/ST/PwBD - Rs 100 + 18% GST
For RBI Staff - Nil.
There will be no application fee for the RBI staff.

Q. How is Oliveboard's Course for RBI Grade B exam preparation? +

A. Oliveboard's RBI Grade B online course is at present the best course for your preparation.
The course is curated by Riti Maám and this course covers all your preparation needs:
ESI & FM Video Lessons, LIVE Revision Classes, Descriptive Mock Tests with Expert Evaluation, ESI & FM Topic Tests, Descriptive Ans-Writing Platform, ESI & FM Study Notes, Current Affairs Capsules, Descriptive English Preparation, Model Descriptive Answers, Objective Mock Tests, Interview Preparation and much more.
Toppers have trusted and so can you!

Q. Do I need a minimum of 60% criteria in my 10th and 12th class in order to apply for the RBI Grade B exam? +

A. No, your 10th and 12th class/standard marks/percentage do not matter. You will need a minimum of 60% marks (50% in case of SC/ST/PWD) or an equivalent grade in Bachelor's degree OR a minimum of 55% percentage in your Post Graduation if you are a postgraduate (pass marks for SC/ST/PwBD applicants).

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