RBI Grade B 2024 Notification, Application Fee, Exam Date
RBI Grade B 2024 Notification is expected soon at its official website. So check out the article for details regarding the RBI Grade B 2024 dates, exam pattern, syllabus, and more.
RBI Grade B 2024: Every year, the Reserve Bank of India (RBI) announces the RBI Grade B Notification to recruit Officers in Grade ‘B’ (DR)–General, DEPR, and DSIM. So based on previous years, it’s anticipated that the RBI Grade B 2024 Notification will likely be out in February 2024. If you’re aiming to pass the RBI Grade B 2024 Exam, you should first understand the Eligibility Criteria, Selection Process, Exam Pattern, Syllabus, etc. So check out the details in the article below.
RBI Grade B 2024 Notification PDF
So the RBI Grade B 2024 Notification will be released on the official website www.rbi.org.in. Hence RBI Grade B 2024 Notification PDF is the go-to document for candidates seeking details about the recruitment. So before applying, it’s recommended to read through the PDF and understand the requirements. So once available on the official website, we’ll share a direct link for you to download the RBI Grade B 2024 Notification PDF.
RBI Grade B 2024 Overview
So to know in exam summary about RBI Grade B Exam 2024, the candidates can refer to the below exam summary table containing the important information about RBI Grade B Recruitment 2024.
| Exam Details | Exam Name |
|---|---|
| Organization | Reserve Bank of India |
| Exam Name | RBI Grade B |
| Post | Grade B |
| Vacancy | To be Notified |
| Category | Recruitment |
| Language of Exam | English |
| Selection Process | Phase I, Phase II, Interview |
| Application Mode | Online |
| Official Website | www.rbi.org.in |
RBI Grade B Important Dates
So reserve Bank of India will release the RBI Grade B 2024 Exam Date and other important dates along with the official RBI Grade B Notification 2024. So all the important dates for RBI Grade B 2024 have been updated here.
| RBI Grade B 2024 Important Dates | |
|---|---|
| Events | Dates |
| Release of RBI Grade B Notification 2024 | — |
| RBI Grade B Apply Online 2024 Starts | — |
| Online Application Last Date | — |
| Online Payment of Application Fees Last Date | — |
| RBI Grade B Phase-I Exam Date 2024 | — |
| RBI Grade B Phase-II Exam Date 2024 | — |
| RBI Grade B Mains Result 2024 | — |
| RBI Grade B Mains Scorecard 2024 | — |
RBI Grade B Application Fees
So here are the application fees based on categories. A total of Rs. 850/- for RBI Grade B 2024 Exam candidates belonging to General and OBC categories. So the same amount was reduced to Rs. 100/- for candidates belonging to SC/ST/PWD category. So this information is from the previous RBI Grade B Notification.
| Category | Fees |
|---|---|
| General/OBC | Rs. 850 + 18% GST |
| ST/SC/PWD/EXS | Rs. 100 + 18% GST |
RBI Grade B Vacancy 2024
So the specific details about the vacancies are crucial. The information on RBI Grade B 2024 vacancies will be available when the Notification PDF is released. So meanwhile, you can check the vacancy details for RBI Grade B 2023:
- Officers in Grade ‘B’ (DR)–(General): 222
- Officers in Grade ‘B’ (DR)–DEPR: 38
- Officers in Grade ‘B’ (DR)–DSIM: 31
- Total: 291
RBI Grade B Eligibility Criteria
So aspiring candidates who want to apply online for RBI Grade B Recruitment 2024 must be aware of the eligibility criteria before applying for RBI Grade B Vacancy 2024. So here we have also shared the eligibility criteria in terms of education qualification and age limit.
RBI Grade B Educational Qualification
(a) Officers in Grade ‘B’ (DR)–(General):
So graduation in any discipline /Equivalent technical or professional qualification with minimum 60% marks (50% for SC/ST/PwBD applicants) or Post Graduation in any discipline / Equivalent technical or professional qualification with minimum 55% marks (pass marks for SC/ST/PwBD applicants) in the aggregate of all semesters/years.
Note:
Graduation Level:
So any such course from a recognized University / Institute that is taken after Class XII and is at least of 3 years duration/ candidates possessing professional or technical qualifications which are recognized by the Government as equivalent to professional or technical graduation will be eligible for admission to the examination, subject to obtaining minimum marks prescribed above.
Post-Graduation Level:
So any such course from a recognized University / Institute that is taken after Graduation and is at least of 2 years duration / recognized by the Government as equivalent to professional or technical Post-graduation will be eligible for admission to the examination, subject to obtaining minimum marks prescribed above.
(b) Officers in Grade ‘B’ (DR)–DEPR: a. 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).
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).
(c) 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 Age Limit
So the Reserve Bank of India will specify the cut-off date for the age limit. So as of now, the age limits are:
- Minimum age: 21 years
- Maximum age: 30 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 government offices with at least 1 year of service | 5 years |
| Candidates with M.Phil | 2 years |
| Candidates with PhD | 4 years |
So note: The Reserve Bank of India will specify the cut-off date for the age limit.
RBI Grade B Notification Nationality
So to be eligible for RBI Grade B, you must be:
- 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.
RBI Grade B 2024 Number of Attempts
So the RBI sets the number of attempts for each category. So here are the details:
RBI Grade B 2024 Selection Process
So the selection process for RBI Grade B Notification 2024 involves three phases:
- Stage I – Phase 1 (Prelims)
- Stage II – Phase 2 (Mains)
- Stage III – Phase 3 – Interview
RBI Grade B 2024 Exam Pattern
So the exam consists of three stages: Phase I, Phase II, and Interview. So here are the details:
Total Questions: 200
Total Marks: 200
Duration: 120 Minutes (2 hours)
So negative marking: 0.25 Marks deducted for each wrong answer.
| Section | No. Of Questions | Marks | Duration |
|---|---|---|---|
| English Language | 30 | 30 | 25 Minutes |
| General Awareness | 80 | 80 | 25 Minutes |
| Quantitative Aptitude | 30 | 30 | 25 Minutes |
| Reasoning | 60 | 60 | 45 Minutes |
| Total | 200 | 200 | 120 Minutes |
RBI Grade B Phase II
So detailed exam pattern for each paper is provided below:
- Paper-I: Economic and Social Issues
- Type: 50% Objective, 50% Descriptive
- Time: 120 Minutes
- Questions: 30 Objective, 4 Descriptive
- Marks: 100
- Paper-II: English (Writing Skills)
- Type: Descriptive
- Time: 90 Minutes
- Questions
- Marks: 100
- Paper-III: General Finance & Management
- Type: 50% Objective, 50% Descriptive
- Time: 120 Minutes
- Questions: 30 Objective, 4 Descriptive
- Marks: 100
So in the case of descriptive, answers to be typed with the help of the keyboard.
RBI Grade B Interview 2024
So the final stage of the selection process is the interview. See below mentioned interview phase points:
- So candidates will selected for the interview based on the total number of points obtained in the 2nd phase (paper 1 + paper 2 + paper 3).
- Minimum limit of aggregate results Points to achieve the an interview will decided by the board based on the number of open positions.
- An interview consist of 75 marks.
- The candidate required to pass a psychometric test conducted by the bank before coming to the interview. No marks will awarded for this and it will not part of the final selection criteria.
- Candidates can choose whether the interview will conducted in Hindi or English.
RBI Grade B Salary 2024
So we have tabulated the monthly salary of RBI Grade B Officer here. Look, please. So as per the recent RBI grade B salary revision, the basic salary is Rs 55,200 per month. 55200 – 2850 (9) – 80850 – EB – 2850 (2) – 86550 – 3300 (4) – 99750 (16 years) and gross monthly salary is around Rs. 1.08 lakhs.
| RBI Grade B Salary 2024 | |
| 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. |