RBI Grade B Recruitment Examination 2023: Notification

In 2023, the RBI Grade B Notification was released by the Reserve Bank of India, providing detailed information about the recruitment of eligible candidates for Grade B General, DEPR, and DSIM Posts. Aspiring candidates can promptly applied for the 291 available positions through the official website of Reserve Bank of India. The RBI Grade B Officers’ selection process comprises a nationwide competitive examination conducted in three stages: Preliminary, Main examination, and Interview. RBI has already announced the exam dates for Phases 1 and 2 to help candidates prepare effectively. The first phase of the RBI Grade B exam will take place on 9th July 2023. Save this article for complete information on the RBI Grade B Examination 2023.

RBI Grade B Recruitment Examination 2023: Notification Overview

The Reserve Bank of India has unveiled the official RBI Grade B Notification 2023 on its official website. Interested candidates may refer to the table below to explore the notable aspects of the RBI Grade B 2023 Examination 2023.

RBI Grade B Recruitment Examination 2023: Important

Candidates can refer to the table provided below, which presents the important dates associated with the RBI Grade B Examination 2023.

RBI Grade B Recruitment 2023: Vacancy Details

The total count of vacancies for the RBI Grade B 2023 Exam is 291, which are divided among various positions.

RBI Grade B Recruitment 2023: Category-Wise Vacancy Details

The distribution of RBI Grade B vacancies by category, including SC/ST/OBC/EWS, is provided below.

RBI Grade B Examination 2023: Online Application

The Reserve Bank of India in their official notification state that the commencement of the online application process for RBI Grade B will began on 09th May 2023, and the window for online applications will remain accessible until 09th June 2023. 

RBI Grade B Examination 2023: Application Form

The application form for RBI Grade B 2023 will be accessible on the Reserve Bank of India’s official website. It is essential for candidates to attentively complete the application form., Candidates must complete the registration process on the portal before filling out the RBI Grade B 2023 Application form. Once registered, you may proceed with the RBI Grade Application form, inputting your personal information, uploading photographs, signatures, handwritten declarations, and other required documents, as well as submitting the application fee to complete the online application process.

RBI Grade B Examination 2023: Application Fee

In the table below, you can find the Application Fee for RBI Grade B 2023 categorized by different groups. As stated in the official notification by RBI, the Application Fee for RBI Grade B can be conveniently paid online using various payment methods such as debit/credit cards or other designated payment gateways. Please be aware that the application fee for this process is non-refundable.

RBI Grade B Examination 2023: Eligibility Criteria

Candidates must meet the stated prerequisites in order to be eligible for the RBI Grade B Exam. It is imperative for candidates to thoroughly examine the detailed eligibility criteria before proceeding with the application form.

Nationality Requirements:

• The candidate must possess Indian citizenship.
• The candidate should be a citizen of Nepal or Bhutan.
• The candidate should be a Tibetan refugee who has permanently settled in India before January 1, 1962.
• Individuals who have migrated from any of the following countries to establish permanent residence in India: Pakistan, Burma, Sri Lanka, Kenya, Uganda, Tanzania, Zambia, Malawi, Zaire, Ethiopia, or Vietnam.

Age Criteria

The age criteria for RBI Grade B are outlined below, along with the relaxation in age for candidates from reserved categories:

Minimum age limit: 21 years

Maximum age limit: 30 years

Educational Qualifications

 (a) Officers in Grade ‘B’ (DR)–(General):

For Officers in Grade ‘B’ (DR) – General category, the eligibility criteria are as follows:

• Bachelor’s degree: A minimum of 60% marks or an equivalent grade.
• 12th (or Diploma or equivalent) examination: Minimum 60% marks or an equivalent grade.
• 10th Standard examination: Minimum 60% marks or an equivalent grade.
• Candidates belonging to SC/ST/PwBD categories have a relaxation of 10%, requiring a minimum of 50% marks or an equivalent grade in each category.
• The minimum required percentage or equivalent grade for the Bachelor’s degree will be determined by considering the overall performance throughout all semesters/years.

(b) Officers in Grade ‘B’ (DR)–DEPR:

• A Master’s Degree in Economics/ Econometrics/ Quantitative Economics/Mathematical Economics/Integrated Economics Course, or Finance from a recognized Indian or Foreign University/Institute, with a minimum of 55% marks or an equivalent grade in aggregate of all semesters/years.
• Alternatively, candidates with a PGDM/MBA in Finance from a recognized Indian or Foreign University/Institute, with a minimum of 55% marks or an equivalent grade in aggregate of all semesters/years, are eligible.
• Candidates with a Master’s Degree in Economics specializing in any sub-category of economics, such as agricultural, business, developmental, applied, etc., from a recognized Indian or Foreign University/Institute, with Candidates who have achieved a minimum of 55% marks or an equivalent grade in the overall performance across all semesters/years are also eligible.
• Please note that the aforementioned qualifications should have a minimum of 55% marks or equivalent grade in aggregate of all semesters/years.

(c) Officers in Grade ‘B’ (DR)–DSIM

• Hold a Master’s Degree in Statistics/ Mathematical Statistics/ Mathematical Economics/ Econometrics/ or Statistics & Informatics from IIT-Kharagpur or Applied Statistics & Informatics from IIT-Bombay, with a minimum of 55% marks or equivalent grade (overall performance).
• Possess an M. Stat. Completion of a program at the Indian Statistical Institute with a minimum overall performance score of 55%.
• A Master’s Degree in Mathematics with a minimum of 55% marks or an equivalent grade (overall performance) in the combined result of all semesters/years.
• Furthermore, they should have obtained a postgraduate diploma in Statistics or a related field from a well-regarded Institute.
• Have completed a Post Graduate Diploma in Business Analytics (PGDBA) offered jointly by ISI Kolkata, IIT Kharagpur, and IIM Calcutta, with a minimum of 55% marks or equivalent grade (overall performance).

Note: All the qualifications require a minimum of 55% marks or equivalent grade (overall performance) in aggregate of all semesters/years.

RBI Grade B Examination 2023: Syllabus

Three distinct phases are involved in the process of selecting RBI Grade B Officers. The first two consist of written tests, while the third phase has interview. Here are some key points to consider during your exam preparation:

Phase 1:

• The RBI Grade B phase-1 exam is an online objective-type examination.
• It encompasses four sections, namely General Awareness, English Language, Quantitative Aptitude, and Reasoning.

Phase 2:

• The RBI Grade B Phase 2 Exam combines both objective and descriptive formats.
• This phase emphasizes the subjects of Economic & Social Issues, English Language, and Finance & Management.

RBI Grade B Recruitment 2023: Exam Pattern

The RBI Grade B 2023 Exam is structured into three distinct phases:

• Phase-I, also known as the Preliminary Examination.
• Phase II is commonly referred to as the Main Examination.
• The final stage involves the Interview.

Successful clearance of all three phases is mandatory for candidates aspiring to secure a confirmed Grade B Officer position in the Reserve Bank of India.

RBI Grade B Prelims Exam

The RBI Grade B Prelims exam is organized as follows:

Total marks: 200

Time duration: 120 minutes

Each section will have a specific duration mentioned in the admission letter. The examination comprises four main sections:

RBI Grade B Mains Exam

Candidates who meet the qualifying criteria in the Prelims examination will gain eligibility to take part in the Phase 2 or mains exam. The main exam comprises three individual papers, each with its own set of topics and focus areas.

• The selection process for RBI Grade B Officers in Gr B (DR):  Candidates have to appear for three papers: Paper I, Paper II, and Paper III.
• For RBI Grade B Officers in Gr B (DR) DEPR & DSIM: candidates are required to appear for Paper II and Paper III.

Paper I and Paper III are a combination of objective and descriptive questions, accounting for 50% each, while Paper II is solely descriptive. Each paper carries 100 marks. Notably, the English paper is conducted in a descriptive format.

RBI Grade B Officer Interview

In the selection process:

• Candidates will be evaluated for interview shortlisting based on the overall marks obtained in Paper-I, Paper II, and Paper III of the Phase II exam.
• The interview process will carry a total of 75 marks.

RBI Grade B Examination 2023: Selection Process

The RBI Grade B selection process consists of three distinct stages:

1. Phase I: This stage consists of objective-type questions from English language, quantitative aptitude, reasoning, and general awareness.
2. Phase II: This stage includes three papers that cover economic and social issues, English writing skills, and finance and management.
3. Interview: Candidates who successfully clear Phase II are invited for the Interview stage.

RBI Grade B Examination 2023: Number of attempts

The number of attempts for each category has been determined by the RBI. Please refer to the category-wise allocation of permitted attempts below.

General Candidates: 6 Attempts,

There is no restriction on the number of attempts for SC/ST/OBC/PWD candidates.

RBI Grade B Examination 2023: Result

The Reserve Bank of India will promptly announce the RBI Grade B Result once the Prelims Exam for RBI Grade B is over. Following the final result declaration, candidates can access the marks they have obtained in the RBI Grade B Exam for Prelims, Main Exam, and Interview through the Bank’s official website. The merit list is meticulously prepared, arranging candidates in descending order based on the marks they have obtained after the completion of the interview process.

RBI Grade B Examination 2023: Admit Card

Candidates must download the RBI Grade B Admit Card from their official website in order to appear for the examination.  The admit card is provided separately for the Prelims and Mains examinations of the RBI Grade B Exam. Candidates who have successfully submitted their online application for the RBI Grade B Exam will receive a Prelims Call Letter. Subsequently, those who qualify the prelims round, the Mains Admit Card for the RBI Grade B 2023 Exam will be issued in their name.

RBI Grade B Examination 2023: Cut Off

Upon completion of each phase of the examination, the cut-off for RBI Grade B 2023 will be announced. Initially, the Prelims exam cut-off will be disclosed, followed by the release of the Mains exam cut-off. Candidates can compare their scores with the cut-off list provided by RBI in order to assess their chances of selection. You can refer to the cut-off marks from the previous year to gauge the score required for clearing the RBI Grade B Exam 2023.

RBI Grade B Examination 2023: Previous Year Question Papers

The availability of the previous year’s papers is crucial for candidates preparing for the esteemed RBI Grade B exam. These papers serve as a valuable resource, providing an insight into the exam pattern and enabling aspirants to become familiar with the question. Candidates can effectively identify their strengths and weaknesses while enhancing their time-management abilities by practicing these papers. Our extensive collection of RBI Grade B Previous Year Papers equips candidates with the necessary tools to enhance their preparation and maximize their chances of achieving success in the exam. Begin your practice today to excel in the RBI Grade B examination!

RBI Grade B Recruitment 2023: Salary Structure

Candidates selected for the Officer post through the RBI Grade B 2023 Exam will receive an annual salary ranging from Rs. 12 to Rs. 14 Lac. The Exact Pay Scale for RBI Grade B Officer is structured as follows: Rs 55,200-2850(9)-80850-EB-2850(2)-86550-3300(4)-99750. Initially, candidates will have a Basic Pay of Rs. 55,200/- with an increment of Rs. 2850/- for the first nine years of their service.

Upon completing the initial nine years, officers will progress to the executive band, resulting in an increment of the basic pay to Rs. 80,850/-. Subsequently, there will be additional increments of Rs. 2850/- for the following two years and Rs. 3300/- for the subsequent four years. Ultimately, the basic pay will reach Rs. 99,750/-. It is worth noting that these increments occur even without any promotions.

In addition to the Basic Pay, various allowances such as Dearness Allowance, House Rent Allowance, Family Allowance, Telephone Allowance, Conveyance Allowance, and more are provided to candidates upon joining the Officer post in RBI.

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