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RBI Grade B 2024 Notification, Exam Dates & Job Profile

Topics Covered: RBI Grade B 2024 Notification, RBI Grade b 2024 Exam Dates, Job Profile of Grade B Officer with Work Timings, Roles & Responsibilities, Career Growth & Job Myths

The RBI Grade B 2024 exam 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 the exam every year, which makes it one of the most competitive exams held at the national level. 

Therefore, knowing all the key events related to the exam becomes crucial for the candidates who are preparing for it. 

Before the release of the notification, RBI issues an advertisement in various newspapers regarding the recruitment process, which notifies aspirants about the exam dates and number of vacancies available. 

With this, the candidates are informed about D- day which helps them to proceed with their preparation accordingly. 

The notification for the RBI Grade B contains important details such the total number of vacancies for officer posts in General, DEPR and DSIM. 

So, you see how carefully going through the information given in the notification is of immense help to the exam aspirants. 

On this note, I will be discussing everything you need to know regarding RBI Grade B notification 2024, RBI Grade B exam dates 2024, job profile of a RBI Grade B officer, job myths related RBI Grade B.  

So, without wasting any more time, let’s get started! 

Table of Content – RBI Grade B Notification, Exam Dates & Job Profile

RBI Grade B Notification 2024

The RBI Grade B notification 2024 has not been out yet and is expected to release in the month of April/ May 2024.  

The notification contains information related to the latest eligibility criteria, including educational qualification, age limit and exam pattern for RBI Grade B Phase 1 and Phase 2. 

Till then, you can take a look at the important details related to RBI Grade B given in the last year’s notification.  

Previously, the RBI Grade B official notification was out on 9th May 2023. The online application process for the exam started on the same day itself and continued till 16 June 2023.  

The Phase 1 exam of RBI Grade B 2023 took place on 9th July 2023, while the Phase 2 exam commenced on 30th July 2023.  

The RBI Grade B Interview process began from 25th September 2023 and continued till the month of December 2023. A total of 291 vacancies were released with the notification.   

You can check the latest RBI Grade B syllabus 2024; in case you haven’t done so yet.  

RBI Grade B 2024 Exam Dates

While the official RBI Grade B 2024 notification is yet to be released, if you planning to prepare for the upcoming RBI Grade B 2024, you can take a look at the previous RBI Grade B Exam Dates 2023.

On 26th April 2023, various newspapers have released an advertisement regarding RBI Grade B notification which will officially be announced on 09th May 2023 along with that has provided official exam dates for various streams for Phase 1 and Phase 2.

The exam for Phase 1 is scheduled for 09 July 2023 and the exam for Phase 2 on 30th July 2023. 

2023 Events Dates
Release of RBI Grade B 2023 Notification 26th April 2023 (Newspaper Cut Out)
RBI Grade B 2023 Online Registration 09th May-16th June 2023 (6:00 PM IST)
Release of 2023 Prelims Admit Card 29th June 2023
RBI Grade B 2023 Exam Date for General Phase–I 09th July 2023
RBI Grade B 2023 Exam Date for DEPR/DSIM Phase 1 16th July 2023
Release of RBI Grade B 2023 Phase-I Result 18th July 2023
Release of RBI Grade B 2023 Phase-II Admit Card 24th July 2023
RBI Grade B 2023 Exam Date Phase-II General (DR) 30th July 2023
RBI Grade B 2023 Exam Date Phase-II DEPR 02nd Sep 2023
RBI Grade B 2023 Exam Date Phase-II DSIM 19th August 2023
Release of RBI Grade B 2023 Phase-II (General) Result 28th August 2023
RBI Grade B 2023 Interview Dates 25th September to December 2023
RBI Grade B Final Result Declaration 13th December 2023
RBI Grade B Final Cut Off Date 27th December 2023
RBI Grade B Course Kit Desktop Banner
RBI Grade B Course Kit Mobile Banner

RBI Grade B Job Profile

As an RBI Grade B Officer, you will be working with India’s foremost financial establishment and will be making the policies for the banks all around the country and work on monetary policies around the year. 

However, it should also be noted that you shall be on post-trial supervision for a long time which can go up to 4 years as per your performance.  

As far as the assigning goes, the assignment of new officers into the various divisions/departments is a random process. Individuals with experience in HRD might be given Banking Supervision and vice-versa. 

That said, some of the divisions are Financial Markets, Banking Supervision, Banking Regulation, Currency Issuing, Public Debt Office, Foreign Exchange, HRD, and so forth. 

RBI Grade B 2023 Topper Banner Desktop
RBI Grade B 2023 Topper Banner Mobile

RBI Grade B Officer Job Profile – Roles & Responsibilities 

After undergoing a probation period, the RBI Grade B perform the following functions: 

    • Handing the issuance and circulation of currency: This involves maintaining the currency exchange and regulating its circulation.  
    • Checking the nation’s financial stability: This involves ensuring an adequate supply of liquidity and maintenance of cash flow in the country.  
    • Handling all government bank accounts: Looking after various state and central government accounts by performing merchant banking functions.  
    • Regulating the monetary policies of nation: This involves doing economic analysis and formulating economic policies and compiling data pertaining to select sectors. 

You can check the RBI Grade B preparation strategy & study plan that I have curated.

RBI Grade B Officer Job Profile – Work Timings

Now talking about the daily life of an RBI officer, the RBI has set working hours. However, these working hours differ from region to region and depend on the local conditions.

For example, the New Delhi office has working hours from 10:15 am to 5:30 pm while the Lucknow Office has working hours from 9:45 am to 5:00 pm.

Typically, the working hours are between 9:00 am to 5:00 pm. So, to elaborate, all weekends are off (except for certain exceptional circumstances). 

That is because the work is easily manageable during working hours and RBI promotes a good work-life balance. 

Also, you will be asked to choose the location of your choice, but it is not guaranteed that you will get the city of your choice. However, a good thing about the RBI Grade B posting is that all the offices are in cities. 

You can take a look at the RBI Grade B Officer salary & other perks.  

RBI Grade B Officer Job Profile – Career Growth

The RBI Grade B officers are provided with an opportunity to reach higher ranks with the help of promotional examinations within the organization to reach the next level.  

The RBI Grade B officers start off with the post of Assistant Manager and progress in their career in the following order: 

    • Assistant Manager 
    • Manager 
    • Assistant General Manager  
    • Deputy General Manager 
    • General Manager 
    • Chief General Manager 
    • Principal Chief General Manager 
    • Executive Director 
    • Deputy Governor 
    • Governor 

Now check the Job Myths of RBI Grade B Officer.

RBI Grade B Job Myths

Let us discuss a few Myths about the RBI Grade B job/exam.

Myth 1: Only people with a strong finance background can clear this Exam

Fact 1: It is not true at all. RBI wants diversity in their employees to get good ideas while making policies.

Therefore, even individuals with Engineering or other backgrounds, with the right preparation, should be able to clear the exam.

Myth 2: It resembles a typical bank, monotonous occupation, an absence of development openings

Fact 2: Absolutely, not true. The functioning of RBI is not even close to that of a typical bank. A major chunk of the daily activities, of a typical bank, are client-facing. While the daily activities at RBI involve creating and updating monetary policies among other activities.

Myths 3: There is a lack of Development opportunities at RBI

Fact 3: In reality, there are significant training, research, deputation, and self-development opportunities at RBI.

Myth 4: IIT and IIM Graduates are favored

Fact 4: Well, that’s so Not True!!

Everything relies upon your skills, knowledge, and score in the Phase 2 exam and interview.

Myth 5: My Phase 1 score is marginally more than the cutoff, I won’t be selected

Fact 5: Phase 1 is just a qualifying phase. It doesn’t matter if you clear the cut off by 1 mark or 50 marks as long as you clear it. So, don’t feel deflated instead feel motivated and start preparing for Phase 2.

Myth 6: Initially I should focus only on Phase 1. I will focus on Phase 2 once I clear Phase 1.

Fact 6: A common oversight is that the RBI doesn’t give enough time for Phase 2. A few weeks are given after Phase 1 and you can’t even cover English descriptive in those few days.

So, make sure to prepare for Phase 2 from day 1.

Myth 7: I am getting great scores in other banking exams/I am a UPSC aspirant, clearing RBI ought to be a walk in the park

Fact 7: Scoring great marks in other banking examinations will help you certainly yet you should remember that the level of RBI Grade B examination is different from the level in those examinations. These great scores should serve as a confidence boost for you.

The level of most of the Phase 1 sections is quite tough, in some cases, it matches even the level of CAT.

As for UPSC aspirants, Economics and GS may encourage you, however, RBI Phase 1 paper contains numerous reality-based or scheme questions, which isn’t the situation with UPSC.

Conclusion

So, if you have come all this way till here I am assuming that you must have read all the information that I have provided on this page like the RBI Grade B notification, exam dates, vacancies, and job profile.

All these topics are really important for you to know because if you will have an idea about the upcoming RBI Grade B examination dates or when will the next RBI Grade B notification will be released then you will be able to plan your studies in a better way. I hope the information provided above has clarified all your doubts related to the upcoming RBI Grade B exam dates, notification, vacancies, and job profile.

All the Best!!
Keep Learning!!

CEO of Anujjindal.in

About Anuj Jindal

━━━━━

Anuj Jindal, the founder, is an ex-manager from SBI, with an M.Com from Delhi School of Economics. He also has a JRF in Commerce & Management and NET in HRM, along with more than 5 years of experience in the field of Education.

FAQs: RBI Grade B Notification, Exam Dates & Job Profile

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    Does RBI release notification every year?

    Yes. RBI releases the RBI Grade B notification every year. 

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    Can final year students apply for RBI Grade B Recruitment 2024 

    No.

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    Is there a sectional cut off in the RBI Grade B exam? 

    Oh yes, certainly, there’s a sectional cut off in the RBI Grade B exam. Therefore, you need to remember not to just focus on the sections you are good at. Since every section carries its own separate cut off marks, you’d be wise to pay attention to all of them to the required extent. If you want to know about the cut offs in detail, I have made it available here

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    Is there any negative marking in the RBI Grade B Exam? 

    Yes, unfortunately, there’s negative marking in the RBI Grade B exam. 1/4th marks are deducted for every wrong answer. This applies to both the RBI Grade B Prelims, as well as the Mains exam. I know this somewhat of a letdown. Just make sure you choose your answers after much deliberation, and you’ll sail through unscathed. 

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    When will RBI Grade B official notification 2024 be released?
    The notification for RBI Grade B 2024 is likely to be out in the month of April/May 2024. 

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    What are the exam dates for RBI Grade B 2024?
    The details regarding the RBI Grade B exam dates 2024 will be given in the notification which is expected to be announced in the month of April/May 2024.  

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    What is the job profile of RBI Grade B Officers?
    The job profile of RBI Grade B officers includes performing functions such as: 

    • Handing the issuance and circulation of currency 
    • Regulating the monetary policies of India 
    • Checking and ensuring the nation’s financial stability 
    • Handling government and central bank accounts. 

14 Comments
  1. Ananya Tewari

    Can a final year B.Tech student appear for RBI grade b exam?

    Reply
    • admin

      Hi Ananya,
      The RBI Grade B 2023 Notification will come before you complete your degree, so you can apply for RBI Grade B 2024 since you will still be in your undergraduation when the 2023 notification comes out.

      Reply
  2. Sai

    Can a final-year MBA student apply for the 2023 exam?

    Reply
    • admin

      Hi Sai,
      If your post-graduation is completed before RBI Grade B notification then you can give the exam in 2023.
      If your MBA will be completed after the notification then you should give the exam in 2024.

      Reply
  3. Neeraj

    Hello,
    I completed my graduation exams before the Grade B notification but my the results were declared later. Am I still eligible for Grade B 2023?

    Reply
    • admin

      Hi Neeraj,
      If you have your graduation final marksheet before 01st-May-2023. Then you are eligible for the RBI Grade B 2023 examination.

      Reply
  4. Tarika

    Hello, I am from engineering background, doing job and not sure whether i would fit in on not…right now don't know anything about economics and maths is also average, please guide i should prepare or not?

    Reply
    • admin

      Hi Tarika
      I think you should start preparing and target the 2024 exam. This is because if your syllabus is still not completed and since you are a working professional, it would be difficult for you to crack the exam this year. However, start preparing from today itself in a way that you have to give the exam this year only. All the best!

      Reply
  5. divya wadhwa

    HI
    I gave my MBA-BE final exams last month, should I apply this time around or should I do so next year?

    Reply
    • admin

      Hi Divya,
      See you are not eligible until you have your Master's final year mark sheet. You should apply for RBI 2024 examination.

      Reply
  6. Prachi

    U need a strong maths base for this exam?

    Reply
    • admin

      Hi Prachi,
      The level of Quants is similar to CAT. The difficulty level is increasing but with proper guidance and strategy you will be able to prepare well for this examination. Kindly connect with me at 9999466225 for better clarity and guidance.–

      Reply
      • Yashaswini k

        Will RBI exams be conducted through cpt, if so then there is any major topics /things that we have to look after while prearing as a completly non computer background student

        Reply
        • admin

          Hi Yashaswini,
          Happy to see that you are preparing for RBI Grade B Examination. It is not possible to solve your Query here.
          Kindly connect with me on 9999466225 regarding your Queries.

          Reply
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