RBI Grade B Notification 2024 : Information about RBI Grade B Notification 2024 has been released.
A new vacancy was released by the Reserve Bank of India, whose application date has ended on 16 August 2024. The date of RBI Grade B Recruitment 2024 exam has been officially announced.
The admit card has been released on the official website on 29 August 2024. The exam will be held from 8 to 14 September 2024.
RBI Grade B Notification 2024
| Particulars | Details |
| Exam Name | RBI Grade B 2024 Exam |
| Authority Name | Reserve Bank of India |
| Exam Level | National |
| Exam Mode | Online |
| 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 | 25 July 2024 |
| Last Date to Apply | 16 August 2024 |
| Age Limit | 21 to 30 Years |
| Eligibility | 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. |
RBI Grade B Notification 2024 Educational Qualification
To apply on this post, candidates must have a degree of bachelor’s degree from a UGC recognized institute or must have an equivalent qualification from a recognized institute/ Board. Check education qualification according to post wise –
For Grade B (DR) General Officer –
- Graduation in any discipline /Equivalent technical or professional qualification with a minimum of 60% marks (50% for SC/ST/PwBD applicants) or Post Graduation in any discipline / Equivalent technical or professional qualification with a minimum of 55% marks (pass marks for SC/ST/PwBD applicants) in aggregate of all semesters/years or the equivalent from a recognized Board or University.
For Grade B (DR) (Department of Economics and Policy Research) Officer –
- 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, Industrial Economics) OR 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 55 percent marks or the equivalent from a recognized Board or University.
Grade B (DR) (Department of Statistics and Information Management) Officer –
- 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 Master’s Degree in Mathematics with a minimum of 55% marks or an equivalent grade in aggregate of all semesters / years and one year post graduate diploma in Statistics or related subjects from an Institute of repute; OR 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 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 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 or the equivalent from a recognized Board or University.
RBI Grade B Notification 2024 Salary Structure
| Post Name | No. of Posts |
| Grade B Officer | Rs. 55200/- per month |
| Officers Grade ‘B’(DR)- DEPR | Rs. 44500/- per month |
| 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 |
| The gross monthly emoluments for an RBI Grade B Officer | Rs 1.08 Lakhs approximately. |
RBI Grade B Notification 2024 Selection Process
Selection Process First of all you will have to give online test Online test will be of 2 types Preliminary, Main After qualifying both the exam you will be taken a personal interview after which you will be selected for this post.
Computer Based Test
- Written examinations Computer Based Test in Phase – I and Phase – II
- Interview
Age Limit
Your minimum and maximum age to apply for this post is given below
Minimum Age: 21 years
Maximum Age: 34 years
RBI Grade B Age Relaxation
| 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 Notification 2024 Application Fees
You will have to deposit some amount at the time of filling the application form
- GEN/OBC/EWS – Rs. 850/-
- SC/ST/PwBD – Rs. 100/-
How to Apply
Mode – Online
You can use the online medium to apply for this post.
To apply, first go to the official website www.rbi.org.in
At the top you will see a button of RBI Grade B Recruitment 2024. Notification which has to be clicked
An application form will appear in front of you from which you have to fill fill your personal details and register
After filling the form, pay the application fee through online mode and click on the submit button.
Take a print out of the failed application form which will be useful for future use.
In this way you can easily fill up the form
Nationality
- A Citizen of India
- A subject of Nepal or Bhutan
- A Tibetan refugee permanently settled in India before January 1, 1962
- A person of Indian origin who has migrated from Pakistan, Burma, Sri Lanka, Kenya, Uganda, Tanzania, Zambia, Malawi, Zaire, Ethiopia, or Vietnam, with the intention of permanent residence in India.
Vacancy Details
| Post Name | Post |
| Officers Grade B General | 66 |
| Officers Grade B DEPR | 21 |
| Officers Grade B DSIM | 07 |
General Phase 1 Exam Pattern
| Mode | Online |
| Duration | 2 hours |
| Subjects | Reasoning |
| General Awareness | |
| English Language | |
| Quantitative Aptitude | |
| Total Marks | 200 |
| Marking Scheme | Negative marking of 1/4 marks for wrong answers |
| Subject | Marks | Time | Questions |
| General Awareness English Language Quantitative Aptitude and Reasoning | 200 | 2 Hours | 200 |
Mains Exam Pattern
| Paper | Duration | Marks |
| Paper-I (Economic & Social Issues) | 30 Minutes | 50 |
| Descriptive | 50 | |
| Paper-II English (Writing Skills) | 90 Minutes | 100 |
| Paper-III (Finance and Management) | 30 Minutes | 50 |
| Descriptive | 50 |
RBI Grade B Syllabus 2024
| Subject | Topics |
| Reasoning | Inequality Coding-Decoding Syllogism Machine Input Output Data Sufficiency Circular Arrangement Linear Arrangement Verbal Reasoning Ordering and Ranking Arrangement and Pattern Blood Relations Direction and Distance |
| Maths | Ratio and Proportion Average Time and Work Speed, Distance and Time Percentage Permutation and Combination Algebra Trigonometry Data Interpretation Mensuration Probability Set Theory |
| English Language | Grammar Vocabulary Error Spotting Comprehension Passage Making Jumble Words Fill in the Blanks Sentence Framing |
| GK | Current Affairs Indian Financial System Indian Banking System Monetary Plans National Institution Banking Terms |
RBI Grade B Phase 2 Syllabus
| 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. |
| English Syllabus |
| 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. |
Number of Attempts
The RBI sets the number of attempts for each category. Here are the details:
| Category | Number of Attempts Allowed |
|---|---|
| General Candidates | 6 |
| SC/ST/OBC/PWD Candidates | No |
RBI Grade B Exam Date 2024 Out
- Phase 1 Exam for Grade B (DR)- General- 8th September 2024
- Phase 2 Exam for Grade B (DR)- General- 19th October 2024
- Phase 1 Exam for Grade B (DR)- DEPR & DSIM- 14th September 2024
- Phase 2 Exam for Grade B (DR)- DEPR & DSIM- 26th October 2024
RBI Grade B 2024- Important Dates
| Events | Dates |
| Release of RBI Grade B Notification | 25th July 2024 |
| RBI Grade B Apply Online Starts | 25th July 2024 |
| Online Application Last Date | 16th August 2024 (6:00 pm) |
| Online Payment of Application Fees Last Date | 16th August 2024 (6:00 pm) |
| RBI Grade B Admit Card 2024 | 29th August 2024 |
| Phase-I Exam Date | 8th & 14th September 2024 |
| Phase-II Exam Date | 19th & 26th October 2024 |
Important Link -:
Official Website – Click Here
Application Link – Apply Here
Notification Link – Click Here
YouTube Link – Click Here
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