About the Reserve Bank of India (RBI)
Reserve Bank of India (RBI), the country's central bank was established in 1935. Although it was formerly privately owned, since its nationalization in 1949, the RBI is wholly owned by the Government of India. It is responsible for currency issuance and circulation, maintaining financial stability, and managing government accounts.
7 Major Functions of the Reserve Bank of India (RBI)
Before moving on to the RBI Grade B Recruitment, one must note about the major functions of RBI.
- The sole issuer of all currency notes except one rupee note
- Banker to the Government
- Custodian of cash reserves of commercial banks
- Custodian of the country's foreign currency reserves
- Lender of last resort
- Central Clearance and accounts settlement
- Controller of credit
The Reserve Bank of India (RBI) has now released the RBI Grade B Notification PDF to fill 94 vacant positions. The apply online link is now available on the RBI's official website at www.rbi.org.in till 16th August 2024 (6:00 PM). RBI Vacancy 2024 is released for Grade B Officer positions across three departments i.e. General, DEPR (Department of Economic and Policy Research), and DSIM (Department of Statistics and Information Management) departments.
RBI Grade B Notification 2024 Out
The detailed RBI Grade B Notification 2024 PDF is out on July 25, 2024. Any graduate candidate aged between 21 and 30 years as of 1st July 2024 can apply for RBI Grade B 2024 exam. The Phase 1 exam is on 8th September 2024 and phase 2 exam is on 19th October 2024 for DR General. The selection process of RBI Grade B Officer includes a three-staged examination consisting of Prelims, Mains, and an Interview.
Download RBI Grade B Notification 2024 PDF
RBI Notification 2024
Latest Update: On 25th July 2024, the detailed notification is out for RBI Grade B Recruitment 2024. All the details are mentioned in the detailed RBI Notification 2024, out of all, some of the important pointers are:
- RBI Vacancy 2024: A total of 94 vacancies are out. According to RBI Vacancy 2024, 66 vacancies are for General, 21 vacancies are for DEPR and the rest 7 vacancies are for DSIM. These vacancies are further bifurcated into various categories.
- RBI Grade B Application Form 2024: The candidates can start filling the RBI Grade B Application Form 2024 from today i.e. 25th July 2024 to 16th August 2024 till 6:00 PM.
- RBI Grade B Notification 2024 PDF: The RBI Grade B Notification 2024 PDF in a detailed format has been published on Thursday, 25th July 2024 on the official website of RBI.
- RBI Exam Date 2024: The RBI Exam Date 2024 is out for both the phases and all the departments. The phase 1 will be conducted on 8th September 2024 (DR General) and 14th September 2024 (DEPR, DSIM).
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RBI Grade B Officer News
The latest RBI Grade B Officer News is that the detailed notification has been released on 25th July 2024 for 94 vacancies. The reference date for the calculation of the age limit and other important eligibility criteria is 1st July 2024. Stay updated with the latest RBI Grade B Officer News to ensure you never miss out on important announcements, exam dates, and any changes in the RBI Grade B Exam that helps you in your preparation.
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RBI Grade B Notification 2024 - Summary
To grab a position as RBI Grade B Officer, a candidate will have to go through the complete RBI Grade B Selection Process and clear the cut off for each phase. The basic pay for the appointed RBI Officer is Rs 55,200. Check out the complete summary on RBI Grade B Notification 2024 in the table below:
| Particulars | RBI Grade B Exam Details |
| Exam Name | RBI Grade B 2024 |
| Exam Conducting Body | Reserve Bank of India |
| Exam Category | Regulatory Body Exam |
| Exam Level | National |
| Exam Mode | Online |
| RBI Vacancy 2024 | 94 |
| Language of Exam | English and Hindi |
| Periodicity | Once a Year |
| Selection Process | Prelims, Mains & Interview |
| Maximum Number of Attempts | 6 for a General Category Candidate |
| Notification Release Date | 19th July 2024 |
| RBI Grade B Registration Start Date | 25th July 2024 |
| RBI Grade B Registration Last Date | 16th August 2024 (6:00 PM) |
| RBI Grade B Exam Date 2024 for Phase 1 | 8th September 2024 (DR General)
14th September 2024 (DEPR, DSIM) |
| RBI Grade B Exam Date 2024 for Phase 2 | 19th October 2024 (DR General)
26th October 2024 (DEPR, DSIM) |
| Age Limit | 21 to 30 Years |
| Education | Graduation/ Post Graduation in any discipline |
RBI Grade B Notification PDF 2024
RBI Grade B Notification PDF contains all the important information such as application dates, eligibility, exam date, exam pattern, syllabus, etc. The application process has begun on the same day the detailed RBI Grade B Notification 2024 is released which is 25th July 2024. The candidates will get only a few days to fill the application forms for RBI Grade B i.e. till 16th August 2024. Download the RBI Grade B Notification PDF from the direct link given below.
Download RBI Grade B Notification 2024 PDF
RBI Grade B Important Dates 2024
The detailed RBI Grade B 2024 Notification has been released today along with all the RBI Grade B Important dates such as application dates, exam dates and more. Check out the table below and keep the record of the timeline.
| RBI Grade B 2024 Important Dates | Dates |
| Release of RBI Grade B Short Notification 2024 | 19th July 2024 |
| Release of RBI Grade B Detailed Notification 2024 | 25th July 2024 |
| RBI Grade B Apply Online Starts | 25th July 2024 |
| RBI Grade B Apply Last Date | 16th August 2024 (Till 6:00 PM) |
| RBI Grade B Application Fee Last Date | 16th August 2024 (Till 6:00 PM) |
| RBI Grade B Phase 1 Exam for Grade B (DR)- General | 8th September 2024 |
| RBI Grade B Phase 1 Exam for Grade B (DR)- DEPR, DSIM | 14th September 2024 |
| RBI Grade B Phase 2 Exam for Grade B (DR)- General | 19th October 2024 |
| RBI Grade B Phase 2 Exam for Grade B (DR)- DEPR, DSIM | 26th October 2024 |
RBI Vacancy 2024
We have provided the RBI Vacancy 2024 along with the last 6 years vacancies data in the table below. The number of vacancies are released separately for the General, DEPR & DSIM departments. Check out the table given below to know the detailed RBI Vacancy 2024.
| Post Name/ RBI Vacancy | 2024 | 2023 | 2022 | 2021 | 2019 | 2018 | 2017 |
| RBI Vacancy (DR) - General | 66 | 222 | 238 | 270 | 156 | 127 | 145 |
| RBI Vacancy (DR) - DEPR | 21 | 38 | 31 | 29 | 20 | 22 | 12 |
| RBI Vacancy (DR) - DSIM | 7 | 31 | 25 | 23 | 23 | 17 | 4 |
| Total | 94 | 291 | 294 | 322 | 199 | 166 | 161 |
RBI Vacancy 2024 - Category Wise
For the year 2024, the detailed distribution of vacancies has also been released, so check out the detailed RBI Vacancy 2024:
| Post | UR | SC | ST | OBC | EWS | Total |
| RBI Vacancy 2024 - General | 27 | 10 | 4 | 19 | 6 | 66 |
| RBI Vacancy 2024 - DEPR | 8 | 1 | 6(3) | 5 | 1 | 21 |
| RBI Vacancy 2024 - DSIM | 2 | 1(1) | 4(4) | - | - | 7 |
| Total | 37 | 12 | 14 | 24 | 7 | 94 |
RBI Grade B Eligibility 2024
RBI Grade B Notification comes with the detailed RBI Grade B Eligibility. The candidates must be Indian citizens or a subject of Nepal/ Bhutan or a Tibetan refugee or an Indian origin person who have migrated from other countries to permanently settle in India if they want to apply for RBI Grade B 2024. The reference date for the calculation of RBI Grade B Eligibility 2024 is 1st July 2024. Check out the detailed RBI Grade B Eligibility below.
RBI Grade B Eligibility 2024 - Age Limit
The candidates must be aged between 21 and 30 years as of the reference date. This simply means that the candidates must not exceed the age limit of 30 years. However, certain age relaxations have been provided to some candidates and for the same, you must check out the detailed RBI Grade B Eligibility 2024.
RBI Grade B Eligibility 2024 - Educational Qualifications
Along with the age limit criteria, the candidates must also check out the educational qualification details. Below are the details of RBI Grade B Educational Qualification for all three departments.
| Post | RBI Grade B Educational Qualification |
| RBI Grade B Generalist Officer | Graduation/ Post Graduation in any discipline /Equivalent technical or professional qualification.
Graduation: Minimum 60% marks (50% for SC/ST/PwBD applicants)
Post Graduation: Minimum 55% marks (pass marks for SC/ST/PwBD applicants) |
| RBI Grade B DEPR Officer | 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).
Minimum of 55 percent marks or an equivalent grade is required in aggregate. |
| RBI Grade B DSIM Officer | 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. 4-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. 2 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 Application Form 2024
The RBI Grade B Application process has only a few steps. Filling up the RBI Grade B Application Form involves the following steps-
Direct Link to fill RBI Grade B Application Form
- Begin by registering on the official RBI website.
- Complete the application form by filling in all required details.
- Upload your photo and signature as per the specified guidelines.
- Upload a scanned image of your left hand thumb impression.
- Upload a scanned copy of your handwritten declaration as specified.
- Pay the application fee through the available online payment options.
- Review all the details and submit the application form.
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RBI Grade B Application Fee 2024
The RBI Grade B Application Fee varies according to the category. Staff of RBI are exempted from paying the RBI Grade B application fee. The fee can be paid online through a debit/credit card or any other payment gateway as mentioned by RBI. Please note that this application fee is non-refundable.
| Categories | RBI Grade B Application Fee |
| SC/ST/PWD | Rs. 100 plus GST |
| Gen/OBC/EWS | Rs. 850 plus GST |
| Staff of RBI | Nil |
RBI Grade B Selection Process
To grab a position as RBI Grade B Officer, a candidate will have to go through three stages of the selection process. Following are the stages of selection process:
- Phase 1 (Prelims Exam)
- Phase 2 (Mains Exam)
- Phase 3 (Interview)
RBI Grade B Exam Pattern
One must be aware of the exam pattern for both the phases. Below are the detailed exam patterns for both the phases.
RBI Grade B Exam Pattern for Phase 1
Before moving on to the detailed RBI Grade B Exam Pattern for Phase 1, check out some of the highlights below for Phase 1 exam:
- Sectional Timings - Yes
- No of Questions - 200
- Time Duration - 120 minutes
- No of Marks - 200
- No of Sections - 4
- Negative Marking - Yes, 1/4th or 0.25
| Sections | Total Questions | Marks | Duration |
| Reasoning | 60 | 60 | 45 minutes |
| General Awareness | 80 | 80 | 25 minutes |
| English Language | 30 | 30 | 25 minutes |
| Quantitative Aptitude | 30 | 30 | 25 minutes |
| Total | 200 | 200 | 120 minutes |
RBI Grade B Exam Pattern for Phase 2
Check out some of the highlights below for Phase 2 exam:
- No.of Papers - 3 (Paper 1,2&3)
- Nature of Questions - Objective & Descriptive
- Time Duration - 120 minutes for Paper 1 & 3 and 90 minutes for Paper 2
- No of Marks - 100 for each paper
| Papers | Type of test | Total Marks | Duration |
| Paper 1 - Economic and Social Issues | 50% Objective Test (30 objective questions)
50% Descriptive Test (6 descriptive questions out of which 4 need to be answered) | 50 marks
50 marks | 30 mins
90 mins |
| Paper 2 - English (Writing Skills) | Descriptive Test | 100 marks | 90 mins |
| Paper 3 - Finance and Management | 50% Objective Test (30 objective questions)
50% Descriptive Test (6 descriptive questions out of which 4 need to be answered) | 50 marks
50 marks | 120 minutes |
RBI Grade B Interview 2024
Check out the important details of RBI Grade B Interview in the table below:
| Important Points | RBI Grade B Interview 2024 |
| Shortlisting Criteria | Candidates will be shortlisted for the interview based on the aggregate of marks obtained in Phase 2 (Paper 1 + Paper 2 + Paper 3). |
| Interview Marks | The interview will comprise 75 marks. |
| Psychometric Test | Candidates must undergo a Psychometric Test conducted by the Bank before the Interview. No marks will be allotted for this test, and it will not form part of the final selection criteria. |
| Interview Language | Candidates may opt for an interview either in Hindi or English. |
RBI Grade B Syllabus 2024
The Phase 1 exam consists of four sections whereas the phase 2 exam consists of three sections. The detailed RBI Grade B Syllabus has been provided, the candidates can just click on the link attached to know the detailed syllabus and hence download the RBI Grade B Syllabus PDF.
RBI Grade B Cut Off 2024
It is extremely important to understand the RBI Grade B Cut Off for previous years. For the last few years, the Phase 1 Cut Off details have been provided and if you want the RBI Grade B Cut Off details for all the previous years, then check out the link attached.
| Section | 2023 | 2022 | 2021 | 2019 | 2018 | 2017 | 2016 | 2015 |
| General Awareness(Max. Marks = 80) | 12 | 12 | 16 | 20 | 20 | 16.5 | 20 | 20 |
| Reasoning(Max. Marks = 60) | 9 | 9 | 12 | 15 | 15 | 11 | 15 | 15 |
| English Language(Max. Marks = 30) | 4.5 | 4.5 | 6 | 7.5 | 7.5 | 6.75 | 7.5 | 7.5 |
| Quantitative Aptitude(Max. Marks = 30) | 4.5 | 4.5 | 6 | 7.5 | 7.5 | 4 | 7.5 | 7.5 |
| Phase 1 Cut-Off Marks(Max. Marks = 200) | 54.25 | 63.75 | 66.75 | 122 | 105.75 | 78 | 98.50 | 88.50 |
RBI Grade B Salary
Every aspirant who prepares for this exam wants to know about its salary because at the end, it is all about the financial stability. The salary structure for a RBI Grade B Officer starts with the basic pay of Rs 55,200 which after increments reaches to Rs 99,750 after 16 years. In the basic pay, several allowances are added and some deductions are made which finally constitutes the RBI Grade B Salary to be in lakhs. The gross salary without HRA stands at Rs 1,22,717 (approximately).
RBI Grade B Job Profile
As an RBI Grade B Officer, you play a crucial role in maintaining the financial stability and economic growth of the country. The job involves various responsibilities, including monetary policy formulation, regulation and supervision of banks, financial inclusion initiatives, and managing currency and foreign exchange. With a competitive salary, numerous perks, and opportunities for career growth, this role is ideal for individuals seeking a challenging yet rewarding career in the financial sector.
- Formulating and implementing monetary policies.
- Supervising and regulating financial institutions.
- Conducting economic research and analysis.
- Managing the issuance and circulation of currency.
- Overseeing foreign exchange markets.
- Ensuring financial stability and economic growth.
- Implementing government schemes related to financial inclusion.
- Conducting audits and inspections of banks and financial institutions.
- Collaborating with national and international financial organizations.
- Providing expert advice on economic policies.
- Managing public debt and government accounts.
- Handling customer service issues related to banking and finance.
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RBI Grade B Preparation Tips
Preparing for the RBI Grade B exam requires a strategic and disciplined approach. This competitive exam demands a comprehensive understanding of various subjects, including economics, finance, and general awareness. To excel, it is crucial to have a well-structured study plan that covers all the essential topics and includes regular practice and revision. Here are some effective preparation tips:
- Attempt RBI Grade B Mock Test regularly to familiarize yourself with the exam pattern and manage time effectively.
- Practice RBI Grade B Previous Year Papers to understand the types of questions asked and the level of difficulty.
- Revise important topics frequently to ensure you retain the information.
- Stay updated with current affairs, especially those related to economics, finance, and banking.
- Read newspapers, magazines, and online articles to enhance your general awareness.
- Use standard textbooks and reliable study materials for thorough preparation.
- Focus on understanding concepts rather than rote learning.
- Join online forums or study groups to discuss and clarify doubts.
- Manage your time efficiently, balancing work and study if you are a working professional.
- Stay positive, motivated, and consistent in your preparation efforts.
RBI Grade B Officer Career Growth
Becoming an RBI Grade B Officer is a prestigious achievement, offering excellent career growth and opportunities. Here's a detailed look at the career progression for an RBI Grade B Officer.
- Manager (Grade B Officer)
- Assistant General Manager (AGM)
- Deputy General Manager (DGM)
- General Manager (GM)
- Chief General Manager (CGM)
- Executive Director (ED)
- Deputy Governor (DG)
- Governor
RBI Grade B Notification 2024 & Apply Online Link
The short notice, detailed notification PDF and apply online link is provided in the table below, check it out:
RBI Grade B Job Myths
As the RBI Grade B Notification 2024 is out, many aspirants might have certain queries in their mind and many of you must be stressed with some difficult questions. Well, here we have come up with a few RBI Grade B Job Myths, let's check them out:
Myth 1: Do RBI Grade B Officers Have No Social Life?
False. Despite the demanding nature of the job, officers have a good work-life balance, allowing them to maintain a healthy social life.
Myth 2: Is Prior Banking Experience Necessary for RBI Grade B?
False. Candidates from various educational backgrounds can apply, and prior banking experience is not a prerequisite. The selection is based on merit and performance in the exams.
Myth 3: Are Promotions of RBI Grade B Officers Very Slow?
False. Promotions are based on performance and tenure, with regular appraisals ensuring timely career advancements for deserving officers.
Myth 4: Do RBI Grade B Officers Have to Relocate Frequently?
Partially True. While transfers can occur, they are not excessively frequent. Officers generally serve in one location for several years before being transferred.
Myth 5: Is the RBI Grade B Officer Job Monotonous?
False. The job involves diverse responsibilities, from policy formulation to financial regulation, ensuring that the work remains engaging and dynamic.
RBI Grade B Exam Centers
As lakhs of candidates appear in the RBI Grade B Exam, the prelims exam will be conducted at various centers. Following is the list of RBI Grade B Exam Centers that you will have to fill while filling up the application forms.
| State /UT | RBI Grade B Exam Centers | State /UT | RBI Grade B Exam Centers |
| Andaman & Nicobar | Port Blair | Punjab | Amritsar, Bhatinda, Jalandhar, Ludhiana, Patiala |
| Andhra Pradesh | Guntur/ Vijayawada, Kakinada, Tirupati, Kurnool, Nellore, Rajahmundry, Vizianagaram, Vishakhapatnam | Madhya Pradesh | Bhopal, Gwalior, Indore, Jabalpur, Sagar, Ujjain |
| Arunachal Pradesh | Naharlagun | Maharashtra | Amravati, Chhatrapati Sambhajinagar (Aurangabad), Jalgoan, Kolhapur, Mumbai- Navi Mumbai / Thane/ MMR, Nagpur, Nasik, Pune , Satara, Sangli |
| Assam | Dibrugarh, Guwahati, Jorhat, Silchar, Tezpur | Manipur | Imphal |
| Bihar | Arrah, Bhagalpur, Darbhanga, Muzaffarpur, Patna, Gaya | Meghalaya | Shillong |
| Chandigarh | SAS Nagar (Mohali) | Mizoram | Aizawl |
| Chhattisgarh | Raipur, Bhilai, Bilaspur (CG) | Nagaland | Kohima, Dimapur |
| Daman & Diu | Rajkot | New Delhi | Delhi / NCR, Ghaziabad, Noida & Greater Noida, Faridabad, Meerut, Gurugram |
| Goa | Panaji | Odisha | Balasore, Berhampur (Ganjam), Bhubaneswar, Cuttack, Rourkela, Sambalpur |
| Gujarat | Ahmedabad/Gandhinagar, Anand, Mehsana, Rajkot, Surat, Vadodara | Rajasthan | Ajmer, Bikaner, Jaipur, Jodhpur, Kota, Udaipur, Bharatpur |
| Haryana | Ambala, Hissar, Kurukshetra | Sikkim | Gangtok |
| Himachal Pradesh | Hamirpur, Solan, Shimla, Bilaspur | Tamil Nadu | Chennai, Coimbatore, Erode, Madurai, Virudhunagar, Salem, Namakkal, Thiruchirapalli, Tirunelvelli, Thanjavur, Vellore |
| Jammu & Kashmir | Jammu, Srinagar | Telangana | Hyderabad/Secundarabad, Karimnagar, Warangal , Mehbubnagar |
| Ladakh | Leh | Tripura | Agartala |
| Jharkhand | Bokaro, Dhanbad, Hazaribagh, Jamshedpur, Ranchi | Uttar Pradesh | Agra, Prayagraj (Allahabad), Aligarh, Bareilly, Gorakhpur, Jhansi, Kanpur, Lucknow, Moradabad, Muzaffarnagar, Varanasi |
| Karnataka | Bengaluru, Gulbarga, Hubballi/Dharwad, Mangaluru, Mysuru, Shivamogga, Udupi | Uttarakhand | Dehradun, Haldwani, Roorkee |
| Kerala | Kannur, Ernakulam, Alappuzha, Kottayam, Kozhikode, Malappuram, Thrissur, Palakkad, Thiruvananthapuram, Kollam | West Bengal | Asansol, Kolkata, Greater Kolkata, Kalyani, Siliguri |
| Puducherry | Puducherry | - | - |
Exam Date
Phase 1: 8th September 2024 (DR General) 14th September 2024 (DEPR, DSIM), Phase 2: 19th October 2024 (DR General) 26th October 2024 (DEPR, DSIM)
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