RBI Grade B 2024 Exam Overview: Everything You Need to Know
The Reserve Bank of India (RBI) Grade B exam is a prestigious opportunity for those aspiring to build a career in the finance sector.
RBI Grade B 2024 Exam Overview
| Aspect | Details |
|---|---|
| Notification Release | Expected in May 2024. |
| Application Process | Online application after the release of notification. |
| Exam Phases | Phase 1, Phase 2, and Interview. |
| Salary and Benefits | INR 1,08,404 gross salary. Basic pay: INR 55,200 per month. |
| Departments for Recruitment | – Officers in Grade B (General) – Officers in Grade B (Department of Economic and Policy Research) – Officers in Grade B (Department of Statistics and Information Management) |
| Exam Frequency | Annually, depending on vacancies and departmental needs. |
| Exam Mode | Online. |
| Exam Duration | Phase I: 120 minutes (with sectional timings). Phase II: Varies for different papers. |
| Application Fee | General/OBC: INR 850 + 18% GST. SC/ST/PWD: INR 100 + 18% GST. RBI Staff: Nil. |
| Selection Process | Phase 1, Phase 2, and Interview. |
| Marking Scheme | 1/4 marks deducted for wrong answers in objective type questions. |
| Language/Medium of Exam | English and Hindi. |
| Total Marks (Interview) | General: 75 marks. DEPR/DSIM: 75 marks. |
| Life of an RBI Grade B Officer | Exploring roles in various departments of the central bank. |
| Exam Preparation Tips | Focus on General Awareness, understand the exam pattern, and practice time management. |
| Vacancies and Career Growth | Opportunities for career progression and growth within the RBI. |
Significance of RBI Grade B Exam
- The RBI Grade B exam is a direct recruitment process for Grade B Officers in Combined Seniority Group (CSG) streams.
- It serves as a crucial avenue for individuals seeking employment in the central bank of India, offering an excellent pay scale and career opportunities.
Departments Under RBI Grade B
- Officers in Grade B (General)
- Officers in Grade B (Department of Economic and Policy Research)
- Officers in Grade B (Department of Statistics and Information Management)
Frequency of the Exam
- The RBI Grade B exam is conducted annually, with the recruitment depending on the vacancies and requirements of the concerned departments.
Conducting Body
- The exam is conducted by the Reserve Bank of India (RBI), the central banking institution of the country.
Mode of Exam
- The exam is conducted online, reflecting the modern trend in examination processes.
Exam Purpose
- The primary goal of the RBI Grade B exam is to select Grade B Officers in various streams, including General, DEPR (Department of Economic and Policy Research), and DSIM (Department of Statistics and Information Management).
Exam Fees
- Application fees for the exam vary based on categories. General/OBC candidates are required to pay INR 850, while SC/ST/PwBD candidates pay INR 100. Additionally, an 18% GST charge is applicable.
Exam Duration and Structure
- Phase I has a duration of 120 minutes with sectional timings.
- Phase II includes Paper I, II, and III with varying time limits for each paper.
- DEPR and DSIM posts have specific paper structures, with objective and descriptive types.
| Exam Component | Details |
|---|---|
| Significance | Direct recruitment for Grade B Officers in CSG streams. |
| Departments | General, Economic and Policy Research, Statistics and Information Management. |
| Frequency | Conducted annually based on departmental vacancies. |
| Conducting Body | Reserve Bank of India (RBI) |
| Mode | Online |
| Purpose | Selection of Grade B Officers in various streams. |
| Exam Fees | General/OBC: INR 850, SC/ST/PwBD: INR 100 + 18% GST. |
| Exam Duration | Phase I: 120 mins, Phase II: Varied durations for each paper. |
RBI Grade B 2024 Exam Dates and Salary Structure
RBI Grade B Exam Dates 2024
| Exam Event | Exam Date |
|---|---|
| Notification Release | May 2024 |
| Application Process | To commence post-notification release |
| Phase 1 Exam Date | Mentioned in the notification |
| Phase 2 Exam Date | As per notification |
| Interview | Concluded after Phase 2 |
RBI Grade B Salary Structure
| Salary Component | Previous Structure (INR) | Revised Structure (INR) |
|---|---|---|
| Basic Pay | 35,150 | 55,200 |
| Pay Scale | 35,150-1750(9)-50900-EB-1750(2)-54400-2000(4)-62400 | 55200-2850(9)-80850-EB-2850(2)-86550-3300(4)-99750 (16 years) |
| Gross Emoluments | 77,208 | 1,08,404 |
Other Monetary Allowances
Selected candidates enjoy various allowances in addition to the basic salary:
- Dearness Allowance
- Local Allowance
- House Rent Allowance
- Family Allowance
- Grade Allowance
RBI Grade B 2024 Highlights
- The exam is conducted by the Reserve Bank of India (RBI) on a national level.
- Frequency: Annually, contingent on vacancies and departmental needs.
- Mode: Online.
- Purpose: Selection of Grade B Officers in General, DEPR, and DSIM streams.
- Exam Fees: INR 850 for General/OBC, INR 100 for SC/ST/PwBD (with 18% GST).
Career Growth of an RBI Grade B Officer
The career growth of an RBI Grade B Officer is structured, offering opportunities for professional development and higher responsibilities.
| Career Stage | Description |
|---|---|
| Entry Level | Join as Grade B Officer in specified department. |
| Mid-Level | Progress through experience and performance. |
| Senior Management Level | Opportunities for managerial and leadership roles. |
RBI Grade B 2024 Application Process and Eligibility Criteria
RBI Grade B Application Process 2024
The application process for RBI Grade B 2024 involves several steps, ensuring accurate submission and completion.
- Online Registration:
- Visit the official RBI website.
- Register for the exam by providing necessary details.
2. Document Upload:
- Upload scanned copies of required documents, such as photograph and signature.
3. Detailed Application Form:
- Fill the detailed application form with accurate information.
4. Preview and Verification:
- Preview the application form to ensure correctness.
5. Application Fee Payment:
- Pay the application fees online.
Final Submission:
- Submit the application form before the specified deadline.
How to Fill RBI Grade B Online Form?
Follow these steps for a seamless application process:
- Visit the official RBI website.
- Register with the required details.
- Upload scanned copies of documents.
- Fill the detailed application form accurately.
- Preview the form to check for errors.
- Pay the application fees online.
- Submit the application before the deadline.
RBI Grade B Application Fees
The application fees for RBI Grade B vary based on the category of the candidate:
| Category | Application Fee (INR) |
|---|---|
| General/OBC | 850 + 18% GST |
| SC/ST/PWD | 100 + 18% GST |
| RBI Staff | Nil |
RBI Grade B Eligibility Criteria 2024
To be eligible for RBI Grade B, candidates must fulfill the following criteria:
Educational Qualification:
- Varied qualifications based on the specific department (General/DEPR/DSIM).
- A bachelor’s degree or equivalent required.
Age Limit:
- General: 21 to 30 years.
- Relaxation for reserved categories as per government norms.
Nationality:
- Indian citizen or subject of Nepal/Bhutan.
- Tibetan refugee or a person of Indian origin migrated from specified countries.
| Aspect | Details |
|---|---|
| Application Process | – Online registration on the official RBI website. |
| – Upload scanned copies of required documents. | |
| – Fill the detailed application form with accurate information. | |
| – Preview the form to check for errors. | |
| – Pay the application fees online. | |
| – Submit the application before the specified deadline. | |
| How to Fill RBI Grade B Online Form? | 1. Visit the official RBI website. |
| 2. Register with the required details. | |
| 3. Upload scanned copies of documents. | |
| 4. Fill the detailed application form accurately. | |
| 5. Preview the form to check for errors. | |
| 6. Pay the application fees online. | |
| 7. Submit the application before the deadline. | |
| Application Fees | – General/OBC: 850 + 18% GST. |
| – SC/ST/PWD: 100 + 18% GST. | |
| – RBI Staff: Nil. | |
| Eligibility Criteria 2024 | Educational Qualification: Varied qualifications based on the specific department (General/DEPR/DSIM). A bachelor’s degree or equivalent required. |
| Age Limit: General: 21 to 30 years. Relaxation for reserved categories as per government norms. | |
| Nationality: Indian citizen or subject of Nepal/Bhutan. Tibetan refugee or a person of Indian origin migrated from specified countries. |
RBI Grade B 2024 Exam Pattern and Syllabus
RBI Grade B Phase 1 Exam Pattern
| Subjects | Duration | Questions | Marks |
|---|---|---|---|
| English Language | 120 minutes | 30 | 30 |
| Quantitative Aptitude | 120 minutes | 30 | 30 |
| Reasoning Ability | 120 minutes | 60 | 60 |
| General Awareness | 120 minutes | 80 | 80 |
| Total | – | 200 | 200 |
RBI Grade B Phase 1 Syllabus:
- English Language:
- Reading comprehension
- Cloze test
- Para jumbles
- Miscellaneous
2. Quantitative Aptitude:
- Simplification
- Profit & loss
- Mixture & allegation
- Time & work
3. Reasoning Ability:
- Inequality
- Seating arrangement
- Puzzles
- Syllogism
4. General Awareness:
- Banking and financial awareness
- Current affairs
- Static GK
- Economic and social issues
RBI Grade B Phase 2 Exam Pattern
| Paper | Subjects | Duration | Marks |
|---|---|---|---|
| Paper 1 – Economic and Social Issues | Growth and Development, Economic Reforms, Globalization | 120 minutes | 100 |
| Paper 2 – English (Writing Skills) | Essay, Precis Writing, Comprehension, Business/Office Correspondence | 90 minutes | 100 |
| Paper 3 – Finance and Management | Financial System, Risk Management, Basics of Derivatives, Management, Ethics | 120 minutes | 100 |
RBI Grade B Interview
| Parameters | Marks |
|---|---|
| Interview | 75 |
RBI Grade B Syllabus :
- Phase 1: Preliminary Exam
- English Language: Reading comprehension, cloze test, para jumbles, miscellaneous, etc.
- Quantitative Aptitude: Simplification, profit & loss, mixture & allegation, time & work, etc.
- Reasoning Ability: Inequality, seating arrangement, puzzles, syllogism, etc.
- General Awareness: Banking and financial awareness, current affairs, static GK, economic and social issues.
- Phase 2: Main Exam
- Paper 1 – Economic and Social Issues: Growth and Development, Economic Reforms, Social Structure in India, Globalization, etc.
- Paper 2 – English (Writing Skills): Essay, Precis Writing, Comprehension, Business/Office Correspondence.
- Paper 3 – Finance and Management: Financial System, Risk Management, Basics of Derivatives, Management, Ethics, etc.
Preparation Tips for RBI Grade B Exam 2024:
- Understand the Exam Pattern:
- Knowing the structure helps in strategic preparation.
- Subject-wise Focus:
- Allocate time based on your strengths and weaknesses.
- Current Affairs:
- Stay updated on economic and financial news.
- Time Management:
- Practice with a timer to enhance speed and accuracy.
- Mock Tests:
- Regularly take mock tests to assess your progress.
RBI Grade B 2024 Exam Overview: Part 4 Summary Table
| Aspect | Details |
|---|---|
| Exam Phases | Phase 1 – Preliminary Exam, Phase 2 – Main Exam, Interview |
| Phase 1 Exam Pattern | English Language, Quantitative Aptitude, Reasoning Ability, General Awareness |
| – Duration: 120 minutes for each section | |
| – Total Marks: 200 | |
| Phase 2 Exam Pattern | Paper 1 – Economic and Social Issues, Paper 2 – English (Writing Skills), Paper 3 – Finance and Management |
| – Duration: Varies for each paper | |
| – Total Marks: 300 (100 marks for each paper) | |
| Interview | – Conducted for 75 marks |
| Syllabus – Phase 1 | English Language: Reading comprehension, cloze test, para jumbles, miscellaneous, etc. |
| Quantitative Aptitude: Simplification, profit & loss, mixture & allegation, time & work, etc. | |
| Reasoning Ability: Inequality, seating arrangement, puzzles, syllogism, etc. | |
| General Awareness: Banking and financial awareness, current affairs, static GK, economic and social issues. | |
| Syllabus – Phase 2 | Paper 1 – Economic and Social Issues: Growth and Development, Economic Reforms, Globalization, etc. |
| Paper 2 – English (Writing Skills): Essay, Precis Writing, Comprehension, Business/Office Correspondence. | |
| Paper 3 – Finance and Management: Financial System, Risk Management, Basics of Derivatives, Management, Ethics, etc. | |
| Preparation Tips | – Understand the Exam Pattern |
| – Subject-wise Focus | |
| – Current Affairs | |
| – Time Management | |
| – Mock Tests |
RBI Grade B 2024 Admit Card, Result, and Cut-off: Part 5
1. RBI Grade B Admit Card 2024:
The RBI Grade B Admit Card is a crucial document for candidates appearing in the examination. Here are the key details:
- Release Date: The admit card is expected to be released after the official notification in May 2024.
- Downloading Procedure:
- Candidates can download the admit card from the official RBI website.
- Enter the required details like registration number and password/date of birth.
- Details on Admit Card:
- Candidate’s name, roll number, photograph, signature, exam venue, date, and time.
- Documents to Carry:
- Along with the admit card, candidates need to carry a valid photo ID proof.
| Admit Card Details | Description |
|---|---|
| Release Date | Expected after the official notification in May 2024 |
| Downloading Procedure | Official RBI website, entering registration details |
| Details on Admit Card | Candidate’s name, roll number, photograph, signature, exam venue, date, and time |
| Documents to Carry | Admit card and a valid photo ID proof |
2. RBI Grade B 2024 Result:
The RBI Grade B Result determines the candidates progress in the selection process. Here are the key points:
- Result Declaration:
- The result for each phase (Phase 1, Phase 2, and Interview) will be declared separately. Candidates can check their results on the official website.
- Selection for Interview: Only those clearing Phase 2 are eligible for the Interview round.
- Final Result: The final result is based on the combined marks of Phase 2 and the Interview.
| Result Details | Description |
|---|---|
| Result Declaration | Separate results for Phase 1, Phase 2, and Interview |
| Selection for Interview | Only candidates clearing Phase 2 are eligible |
| Final Result | Based on combined marks of Phase 2 and Interview |
3. RBI Grade B Cut-off 2023:
- Factors Affecting Cut-off: Number of vacancies, the difficulty level of the exam, and the number of candidates.
- Category-wise Cut-off:Cut-off marks vary for General, OBC, SC, ST, and PwBD categories.
The cut-off marks are the minimum scores required to qualify for the next stage.
| Section | Category-Wise Cut Off | |||||
|---|---|---|---|---|---|---|
| General | EWS | OBC | SC | ST | PwBD (OH/HI/VH/MD) | |
| General Awareness | 12 | 12 | 8 | 6.25 | 6.25 | 6.25 |
| Reasoning | 9 | 9 | 6 | 4.75 | 4.75 | 4.75 |
| English Language | 4.50 | 4.50 | 3 | 2.25 | 2.25 | 2.25 |
| Quantitative Aptitude | 4.50 | 4.50 | 3 | 2.25 | 2.25 | 2.25 |
| Total Score | 54.25 | 54.25 | 54.25 | 52.75 | 44.75 | 40.25 |
4. RBI Grade B 2024 Eligibility Criteria :
Understanding the eligibility criteria is essential before applying. Here are the key points:
- Educational Qualification:
- A minimum of a bachelor’s degree is required for all posts.
- Specific educational qualifications are mentioned for each post.
- Age Limit:
- Candidates must be between 21 and 30 years of age.
| Eligibility Criteria Details | Description |
|---|---|
| Educational Qualification | Bachelor’s degree for all posts, specific qualifications for each post |
| Age Limit | Candidates must be between 21 and 30 years of age |
5. RBI Grade B Exam Centres 2023:
Choosing the right exam center is crucial for candidates. Key details include:
- Number of Cities:
- More than 100 cities for Prelims and more than 20 cities for Mains.
- Preference Selection:
- Candidates can choose their preferred exam cities during the application process.
| Exam Centres Details | Description |
|---|---|
| Number of Cities | More than 100 for Prelims, more than 20 for Mains |
| Preference Selection | Candidates can choose preferred cities during application |
