RBI Grade B 2024 Complete Information

Getting to be an RBI Grade B officer is a dream that thousands of students all across India hold bear, and considering that you have come here on this page to read the blog, I guess you hold the same vision.

RBI Grade B 2024 exam can be an overwhelming experience. About 2 lakh students apply each year. As they say, “if it scares you, the journey is worth it.”

Similarly, the hardships of the RBI Grade B 2024 will be worth it once you go through each and every aspect diligently and appear for it with all your might.

So, tie your laces, as we get on this journey to crack one of the premier exams of this country.

You see, having been an aspirant myself, I do understand why so many aspire to become an RBI Grade B Officer.

The answer is not just the salary and the perks that come complimentary with the job (that is always there) but the fact that you get to work in the nation’s apex banking entity makes one go weak in the knees.

However, I would also like to add that harboring dreams about a nice life is necessary and backing those dreams up with appropriate action and hard work is a requisite.

With the requisite in mind, let me quickly jump to the talk of the town and what can be perceived as the most exciting information regarding RBI Grade B recruitment.

In previous year, on 26th April 2023, various newspapers have published an advertisement regarding the notification of recruitment of RBI Grade B officers along with announcement of a total 291 vacancies for different category of posts.  

The official notification for RBI Grade B has been released on 9th May 2023 and the application process for the same has started on the same day itself, 9th May 2023.   

If you are one of the aspirants and have missed the opportunity in 2023, then gear up for the 2024 cycle. As the official notification has come out, you would need to start studying effectively to crack this exam.  

So, make the most of this time and pre-empt the situation. All the best! 

In this blog, you shall find everything essential that you’d ever want to know about the RBI Grade B exam.

I would recommend that you read through this blog in its entirety and with utmost sincerity. That way you’d be able to gather all the necessary information to help you clear the upcoming RBI Grade B 2024 Examination.

RBI Grade B Exam

RBI Grade B is one of the most significant banking exams conducted across the country.

The Grade B officer recruitment exam is the only entry-level officers’ exam that is conducted by the RBI, and a great way to enter the prestigious organization of the RBI. Lakhs of aspirants appear for these exams every year.

This makes the RBI Grade B exams one of the toughest and the most competitive government job entrance exams in the nation.

Therefore, clearing the exam would take a lot of hard work, perseverance, and determination on the part of the aspirant.

The exam is essentially divided into 3 Phases.

The first two phases are written exams, whereas the third phase comprises a personal interview round. I have explained more about the same in the sections on the RBI selection procedure and exam pattern given below.

So, basically, the RBI Grade B Officers are mandated with the task of keeping the nation’s economy stable by creating policies and regulations for Indian Banks, as well as maintaining market prices.

Now saying that the post of an RBI Grade B Officer is a prestigious one will be an understatement.

Well, obviously the glory of the post is immeasurable but the pay scale and additional bonuses are also pretty handsome too, might I add.

Another thing to know is that the RBI Grade B openings are published for a variety of posts including- Officers in Grade ‘B’ (DR) – (General), Officers in Grade ‘B’ (DR) – DEPR, and Officers in Grade ‘B’ (DR) – DSIM.

Now with a job that appealing, who’d be crazy enough to not fight for it? But it wouldn’t be the easiest of fights out there, actually scrap that, it wouldn’t be easy at all.

RBI Grade B Officer Job Profile 2024

You might be wondering what the job profile of a ‘Grade B’ officer entails.

As a layman, most people know that the RBI is the premier bank of India, and the money-minting master. Therefore, it’s certainly an imperative institution in our economy.

Let’s get into more details so you get a good picture of what goes on in backend.

Well, an RBI Grade B officer inspects the credit appraisal system of banks, KYC AML guidelines, cash vaults, functioning and the overall security of the branch, and a host of other things.

That said, getting posted as a Grade B officer is a matter of great prestige. It gives the person an opportunity to work as a dedicated, on-ground operative for the apex bank of India.

The officer’s job profile also often involves the task of making sure that banks under his jurisdiction function as per the banking regulations act 1949. This is a great responsibility, as it involves protecting public money and safeguarding the interests of depositors.

Furthermore, depending on your hard work, there’d also be scope for growth within the framework of the organization.

Also, the Job profile would involve a tenure of up to four years during a period of post-trial supervision. Persons are randomly assigned to departments. For example officers with experience in banking might be inducted into HRD or vice-versa.

Moreover, frequent transfers from one division to another are the part and parcel of this job profile.

A segment of Grade B officers might be involved in the policymaking process.

Also, RBI, being the central bank of India, has most of its offices in urban and regional centers instead of the rural ones.

You can read more details about the RBI Grade B Officer Job Profile here.

RBI Grade B Salary 2024

Talking about the prominent aspects, the RBI Grade B Salary 2024 may seem glittery but there is more to this job than its fancy salary.

RBI as an institution has quite a superior reputation. So, the students that apply each year don’t merely get inspired by the renumeration, it’s all the other perks you get along.

Not to forget the pride and excitement for the job.

Since this section is dedicated to the RBI Grade B Salary, I’ll walk you through it.

Every year more than 1 lakh people compete for around 200-300 posts in a three-stage process, and there’s a reason for that.

It’s because the RBI is very liberal in paying Perks and Emoluments for even the smallest of expenses. (I feel like I’m telling you all this repeatedly but gotta do something to motivate you, right?)

RBI Grade B is a lucrative job with a salary that can be compared with that of a top official in the corporate sector. Moreover, it is an ever-changing factor and hence it keeps on increasing in due course.

The basic pay is ₹ 55,200/-p.m, and the initial monthly gross emoluments stands at 1,08,404/- (approximately). 

Click Here to know about the break up of RBI Grade B Salary. (I’m so damn sure, that most of you would rather check the salary break-up than the syllabus).

RBI Grade B Eligibility Criteria 2024

Eligibility is a crucial aspect of an examination process; thus, we should get a good picture of the criteria for a green light.

As the RBI Grade B eligibility criteria 2024 has not been released yet. So, you can take a careful gaze at the RBI Grade B eligibility criteria 2023 and ascertain whether you meet the requirements prescribed in the notification, to apply for the exam.

Here’s the detailed eligibility criteria of RBI Grade B 2023:

1) Age Eligibility

You must be above the age of 21 years but must not have touched the 30th year of your life. As of May 01, 2023, you must have been born not earlier than May  02, 1993 and not later than May 01, 2002. 

If you have an M.Phil. or a Ph.D. degree, the upper age limits are 32 and 34 years respectively.

If you belong to the SC/ST category, there is a provision for relaxation of the upper age limit up to 5 years.
 

2) RBI Grade B Officers (General) Educational Qualification Requirements

For more details, read the full Eligibility Criteria for DEPR, and DSIM separately.

There are certain nationality requirements as well you may also read about them on the blog linked above.

Now, I’ve said this before, I’ll say it again. No good thing comes without terms and conditions, and the terms are pretty steep in this case given that the Eligibility Criteria are just a nice little time bomb wrapped in very sweet packaging.

I say that because the criterion of educational qualification is as I said a steep one as far as the RBI Grade B exams are concerned. It’s steeper than that of most other Indian government entrance exams, even steeper than ones prescribed for the UPSC exam.

RBI Grade B Recruitment Process

The Recruitment/Selection Process for RBI Grade B (General), consists of the following 3 Phases:

1. Preliminary Exam (Phase 1)
2. Mains Exam (Phase 2)
3. Interview (Phase 3)

One needs to clear all three Phases to be selected for the post of Grade ‘B’ Officer.

So, to elaborate the Prelims exam is basically an elimination round. Out of the lakhs of candidates that appear for this exam, only a few thousands are selected to appear for the next phase or the Mains.

The Mains exam is conducted roughly a few weeks after the Prelims. Now the Mains exam is one of the phases meant for the selection of the top-scoring candidates. In this exam, every candidate that scores above the cut-off marks is allocated a score.

Those with the highest scores in the Mains are then selected for the final phase or the Interview round. This phase too, like with the Mains, is meant for the selection of the highest-scoring candidates.

Here too the candidates are scored according to their respective performances.

After the interview round is over, the final list of the selected RBI Grade B candidates is prepared considering the combined scores of those with the highest marks in both, the Mains, and the Interview round.

The candidates that find their names on the final list are eventually the ones that are recruited and get to train as RBI Grade B officers.

RBI Grade B Vacancy 2024

An intimidating number of students apply for the RBI Grade B exam every year. While most students are unable to make it in the final list, this consequently builds a lot of tension and competition.

However, do not fret as your utmost responsibility is to prepare yourself and hone your skills and every year, more than 200+ vacancies are declared.  

Previously, the Reserve Bank of India declared a total of 291 vacancies in the RBI Grade B 2023 notification. The vacancies are divided under three heads.

• General (DR)- 222 Vacancies
• DEPR (DR)- 38 Vacancies
• DSIM (DR)- 31 Vacancies

Here are the details of Vacancies for the RBI Grade B (DR) General post of the year 2023:

^ Out of 222 vacancies for Grade ‘B’ (DR)-General, 22 vacancies are reserved for Persons with Benchmark Disability (PwBD) Category, viz. 4 vacancies for candidates of blindness and low vision out of which 2 are backlog vacancies; 9 vacancies for deaf and hard of hearing out of which 7 are backlog vacancy; 3 vacancies for locomotor disability including cerebral palsy, leprosy cured, dwarfism, acid attack victims and muscular dystrophy out of which 1 is backlog vacancy; and 6 vacancies for multiple disabilities from amongst persons, as detailed below in para 1 of Note for PwBD candidates, out of which 4 are backlog vacancies. 

If you want to know the details about the vacancies of the RBI Grade B (DR) DEPR and DSIM for the year 2023, you can go check the table given below:

Symbol Key for the Table:

() Includes backlog vacancies

$ If you are a Candidate belonging to the OBC category but coming in the ‘Creamy Layer’. You are not entitled to an OBC reservation. You should indicate your category as ‘General (GEN)’.

@ Reservations for Economically Weaker Sections (EWSs) in the recruitment for RBI Grade B Officer is governed by Office Memorandum No.36039/1/2019-Estt(Res) dated 31.01.2019 of Department of Personnel & Training, Ministry of Personnel, Public Grievances & Pensions, Government of India. The EWS candidates should note that in case they are not in possession of the “Income & Assets Certificate” as per the extant DoPT guidelines on or before the closure of the online application date, such EWS candidates should apply under the ‘General (GEN)’ category only.

RBI Grade B Application Form 2024 

While the application process for RBI Grade B 2024 has not started yet, you can take a look at the details related to registration process for the same in 2023.  

Previously, the newspaper advertisement published on 26th April 2023, whereas the official notification of RBI Grade B officers’ recruitment released on 9th May 2023.   

As per the notification, the window for application form will be activated on the same date as the release of the notification which is on 9th May 2023 and shall continue till 9th June 2023. However, the end date of the application process was shifted to 16th June 2023 (06:00 PM).

While your hard work holds the key to success, the destiny of your hard work depends on the careful filling of the application form.

Fill the application form with utmost care. One small mistake can prove to be very costly. 

Apply due diligence before proceeding with the submission of the application form. 

To know how not to mess it up, Read here how to fill Application Form. 

RBI Grade B Application Fees 2024

Okay, this is something that gets asked a lot; the topic of application fees. So, The Payment of the RBI Grade B Exam fee is the final step in filling the online application form.

Meaning that your application is considered final only when you successfully pay the Application fee.

You can only pay the RBI Grade B 2024 application fees online via Credit/debit card/IMPS/net-banking/mobile wallets and cash cards.

On the successful payment of the Exam fee, you’d receive an e-receipt from the website stating the same.

This e-receipt would need to be saved by you along with the application form.

In case your RBI Grade B 2024 Exam fee payment is not successful, then you’d have to start the Exam fee payment process from the beginning.

RBI Grade B Exam Pattern 2024

I often see students getting anxious whenever they hear anything about pattern change. 

If you are planning to prepare for RBI Grade B 2024 exam, then you can go through the exam pattern of 2023 since the exam pattern remains static with no major changes.  

In the year 2023, along with the official notification, the details regarding the RBI Grade B exam pattern 2023 have been out. 

However, to illustrate the RBI Grade B exam pattern 2024 better, I have compiled previous year’s exam pattern. 

You can get a better idea of the exam pattern 2024 by checking the link I have provided below. 

Read about the Exam Pattern of RBI Grade B, here. 

RBI Grade B Syllabus 2024 – Phase 1 and 2

Having a proper understanding of the syllabus is one of the most crucial steps for aspirants who wish to prepare for RBI Grade B 2024. To get an overall idea of the same, you can read through the revised syllabus of 2023.  

The RBI Grade B 2023 syllabus is extensive and dynamic in nature, you ought to keep yourself on track when it comes to finishing off the portion or revision. 

For your guidance, in this blog, I’ve carefully and comprehensively described the syllabus of RBI Grade B 2023 Phase 1 and Phase 2. 

The exam will test you in three phases, namely Phase 1 (Prelims), Phase 2 ( Mains) and Phase 3, which is the interview round. 

The topics that will be asked in Prelims in addition to the Mains of RBI Grade B exam will vary to a great extent. 

The prelims stage will be made up of the common sections that are requested in exams, i.e., Quantitative Aptitude, Reasoning, English, and General Awareness. 

Next are the Economic & Social Issues (ESI), Finance & Management (F&M), and English Descriptive papers which together constitute the RBI Grade B Phase 2. 

You can go through RBI Grade B Phase 1 & 2 Syllabus here.

RBI Grade B Preparation Tips 2024

By this point in the blog, I think I have made it clear enough that the level of the 2024 RBI Grade B exam will be pretty tough.

Therefore, having a proper study plan before starting to prepare for this exam is probably (most definitely) the best decision you could make.

That said, preparing and going through an overall strategy and a sectional strategy for this exam will eventually help you to score better.

A good strategy goes a long way. You could be smart, you could have the best resources but if you don’t have a plan for time management, prioritizing, revision, etc., it will inevitably become a tough road for you.

Check here to read more about this approach to prepare for RBI Grade B Exam.

RBI Grade B Mock Tests & Books 2024

To make sure you ace the upcoming RBI Grade B 2024 exam, you must be a comprehensive idea regarding booklist and mock tests provided for the exam.

Right off the bat, let me tell you, that reading from the right books, and solving the various RBI Grade B mock tests can make all the difference in the world when it comes to cracking the exam.

Revision and making the most out of your revision are a game changer. The attributes of a good RBI Grade B Officer are consistency and dedication.

During mock tests, you’re basically training yourself to get in the ‘exam mode’. You learn skills like time management, cancellation, prioritization, and most importantly – presence of mind.

You see when you make the effort of trying to look for the right books for your preparation you aren’t actually squandering your time and energy, rather you are saving them instead.

How, you ask?

Well, firstly, there are certain books that are so relevant from an exam point of view, that there might be chances of questions being asked in the actual exam from that very book.

Secondly, reading about topics from a single book would take a lot less time than reading the various topics from a number of books.

So, yeah reading from the right books is absolutely essential to preparing well for the RBI Grade B exam.

Now, to talk about Mock Tests, it’s imperative that you regularly test your waters by solving high-quality RBI Grade B mock tests. I often say that preparing from the books to cover the syllabus and solving mock tests go hand in hand, one after the other.

For instance, first, covering the topics of the RBI Grade B syllabus from the right books, and then practicing on mock tests to gauge your strong and weak points.

Check the recommended RBI Grade B Books for Phase 1 & Phase 2 and Access Mock Tests here.

RBI Grade B Admit Card

Previously, the RBI Grade B 2023 Phase 1 exam was conducted on 9th July 2023. For this the admit card was released on 29th June 2023. The Admit card window remained available till 9th July 2023.   

And as far as the admit card of RBI Grade B 2023 Phase 2 is concerned, it was out following the result of Phase 1 exam.  

The Phase 2 exam, which was scheduled for 30th July 2023, its admit card has been released on 24th July 2023. The call letter link remained open till the exam date i.e., till 30th July 2023.   

To know more about the RBI Grade B Admit Card and the steps to download it, check the linked blog.

RBI Grade B Previous Year Question Papers

If you want to crack the RBI Grade B exam, you’d need to solve as many previous year question papers as you can. Solving these would increase your chances of acing the exam to a great degree. 

The key to acing the RBI Grade B 2024 exam is to learn several concepts from one question. 

Yes, that’s a brilliant toppers’ technique. You sit down with RBI Grade B past year questions and go in-depth with each and every option given. 

With that said, the best way you can prepare for the exam would be as follows:  

• First solve a random previous year question paper and then gauge for yourself your strengths and weaknesses. 
• Then according to your findings, you can begin by first preparing the topics of the RBI Grade B syllabus that you are weak at, and then go over to sharpen the portions you are already strong at. 

• Following this process, when you are done with the entire syllabus, you can try solving another random previous year question paper to identify the portions of the syllabus that you are still weak at. Then repeat the aforementioned process again. 
• Repeat the process until you attain the same level of mastery in every topic of the RBI Grade B syllabus. 

Lastly, if you have the god of luck on your side, you might just come across certain questions in your RBI Grade B paper, that you had already encountered while solving the previous year question papers. 

Having said that I have compiled for you a bunch of RBI Grade B previous year question papers.

RBI Grade B Exam Analysis 2023

By now you know the syllabus and other important things for RBI Grade B Examination. But merely just knowing the syllabus won’t solve the purpose. 

If you are preparing to crack the RBI Grade B Exam 2024, then you must go through the exam paper of 2023 and analyse it thoroughly. 

In addition to that, you must know the type of questions that are asked from each section (such as Quant, Reasoning, English, General Awareness, Finance & Management, Economics & Social Issues). 

To help your cause, I have prepared the analysis of recently culminated RBI Grade B Phase 1 2023 and RBI Grade B Phase 2 2023. In addition to that, I am giving you the provision to check the exam analysis of previous years. 

Don’t worry I have covered that also (In the blog linked below) since I have promised to help you at every stage. 

Explore the link to get detailed Exam Analysis of RBI Grade B 2023.

RBI Grade B Cut Off 2022

Formerly, the The cutoff for RBI Grade B- General 2023 Phase 1 examination has been announced on 2nd August 2023, while the paper for Phase 1 took place on 9th July 2023.  

The exam for Phase 2 was conducted on 30th July 2023, while the cutoff for the same is yet to be declared.  

The Phase 1 and Phase 2 exam cutoffs are usually released 3-4 weeks after the commencement of the respective papers.  

As there is both sectional and overall cutoff in Phase 1 paper, the candidates are advised to score well above the cutoff to be selected for Phase 2 examination. Whereas for Phase 2, there is only an overall cutoff provided for clearing the paper.  

Therefore, the cut off list is provided to assess whether you are selected or not for the next stage. 

You can go through the category-wise RBI Grade B Phase 1 Exam Cut Off for 2023 provided below: 

That said, if you want to know about the 2023 Phase 2 Cut off and the overall cut offs, you should check the RBI Grade B 2023 Cut off and the past year’s cut offs here.

RBI Grade B Result 2023

Latest Update: The RBI Grade B 2023 Phase 2 Exam Result has been released on 28th August 2023.  

You can click on the link to the PDF for RBI Grade B 2023 Phase 2 result attached here.  

The RBI Grade B 2023 Phase 1 Result came out on 18th July 2023.  

You can check the RBI Grade B 2023 Phase 1 Result Here. 

The RBI Grade B 2022 Phase 1 Result came out on 7th June 2022. You can check the RBI Grade B 2022 Phase 1 Result Here.

To know more in detail, you can refer to the steps to check the RBI Grade B 2023 Result.

Conclusion

I’ve tried to give an overview of everything related to the RBI Grade B Exam in this blog (with a lot of unnecessary gibberish of mine). Having said that, I hope you remember that you’re bigger than your fears and much bigger than anything that life throws at you. Also, hope you found the blog helpful!

Best of Luck!!
Keep Learning!!