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RBI Grade B Notification 2024, Vacancies, Application & Exam Dates

Last updated on 29-Jul-2024

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).

Download RBI Grade B PYQ PDF

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.

Download Summary of RBI Annual Report

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:

ParticularsRBI Grade B Exam Details
Exam NameRBI Grade B 2024
Exam Conducting BodyReserve Bank of India 
Exam CategoryRegulatory Body Exam
Exam LevelNational
Exam ModeOnline
RBI Vacancy 202494
Language of ExamEnglish and Hindi
PeriodicityOnce a Year
Selection ProcessPrelims, Mains & Interview
Maximum Number of Attempts6 for a General Category Candidate
Notification Release Date19th July 2024 
RBI Grade B Registration Start Date25th July 2024
RBI Grade B Registration Last Date16th August 2024 (6:00 PM)
RBI Grade B Exam Date 2024 for Phase 18th September 2024 (DR General)
14th September 2024 (DEPR, DSIM)
RBI Grade B Exam Date 2024 for Phase 219th October 2024 (DR General)
26th October 2024 (DEPR, DSIM)
Age Limit 21 to 30 Years
EducationGraduation/ 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 DatesDates 
Release of RBI Grade B Short Notification 202419th July 2024 
Release of RBI Grade B Detailed Notification 202425th July 2024
RBI Grade B Apply Online Starts25th July 2024
RBI Grade B Apply Last Date16th August 2024 (Till 6:00 PM)
RBI Grade B Application Fee Last Date16th August 2024 (Till 6:00 PM)
RBI Grade B Phase 1 Exam for Grade B (DR)- General8th September 2024 
RBI Grade B Phase 1 Exam for Grade B (DR)- DEPR, DSIM14th September 2024
RBI Grade B Phase 2 Exam for Grade B (DR)- General19th October 2024 
RBI Grade B Phase 2 Exam for Grade B (DR)- DEPR, DSIM26th 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 2024202320222021201920182017
RBI Vacancy (DR) - General 66222238270156127145
RBI Vacancy (DR) - DEPR 21383129202212
RBI Vacancy (DR) - DSIM731252323174
Total94291294322199166161

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:

PostURSCSTOBCEWSTotal
RBI Vacancy 2024 - General2710419666
RBI Vacancy 2024 - DEPR816(3)5121
RBI Vacancy 2024 - DSIM21(1)4(4)--7
Total37121424794

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.

PostRBI Grade B Educational Qualification
RBI Grade B Generalist OfficerGraduation/ 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 Officera. 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 Officera. 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.

Download 100+ Important Economic & Finance Terms Ebook

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.

CategoriesRBI Grade B Application Fee
SC/ST/PWDRs. 100 plus GST
Gen/OBC/EWSRs. 850 plus GST
Staff of RBINil

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
SectionsTotal QuestionsMarksDuration
Reasoning606045 minutes
General Awareness808025 minutes
English Language303025 minutes
Quantitative Aptitude303025 minutes
Total200200120 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
PapersType of testTotal MarksDuration
Paper 1 - Economic and Social Issues50% 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 Test100 marks90 mins
Paper 3 - Finance and Management50% 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 PointsRBI Grade B Interview 2024
Shortlisting CriteriaCandidates will be shortlisted for the interview based on the aggregate of marks obtained in Phase 2 (Paper 1 + Paper 2 + Paper 3).
Interview MarksThe interview will comprise 75 marks.
Psychometric TestCandidates 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 LanguageCandidates may opt for an interview either in Hindi or English.

FAQs

Q. What is the selection procedure followed for RBI Grade B exam?

A. The RBI Grade B exam is conducted in three stages: Phase I (Prelims), Phase 2 (Mains), and the Interview round.

Q. What is the minimum qualification required for RBI Grade B? +

A. You will need a minimum of 60% marks (50% in case of SC/ST/PWD) or an equivalent grade in Bachelor's degree OR a minimum of 55% percentage in your Post Graduation if you are a postgraduate (pass marks for SC/ST/PwBD applicants).

Q. Will there be RBI Grade B exam in 2024? +

A. Yes, the RBI Grade B exam will be conducted in 2024.

Q. How many times can I attempt RBI Grade B exam? +

A. If you are a general category candidate, you have 6 attempts, whereas there is no bar on the number of attempts for SC/ST/OBC/PWD candidates. By 6 attempts, it means you should have taken the RBI Grade B Phase 1 exam 6 times. If you have already taken the RBI Grade B Phase 1 exam 6 times, then you are not eligible to apply.

Q. Is there any negative marking in RBI Grade B exam? +

A. Yes, there is negative marking in Phase 1 of the RBI Grade B exam. There is a negative marking of 0.25 marks for every incorrect answer in RBI Grade B Phase 1.

Q. What is the Application Fee for RBI Grade B 2024 Exam? +

Expected Application fee for the RBI Grade B is as follows:
For GEN/OBC/EWSs - Rs 850 + 18% GST
For SC/ST/PwBD - Rs 100 + 18% GST
For RBI Staff - Nil.
There will be no application fee for the RBI staff.

Q. How is Oliveboard's Course for RBI Grade B exam preparation? +

A. Oliveboard's RBI Grade B online course is at present the best course for your preparation.
The course is curated by Riti Maám and this course covers all your preparation needs:
ESI & FM Video Lessons, LIVE Revision Classes, Descriptive Mock Tests with Expert Evaluation, ESI & FM Topic Tests, Descriptive Ans-Writing Platform, ESI & FM Study Notes, Current Affairs Capsules, Descriptive English Preparation, Model Descriptive Answers, Objective Mock Tests, Interview Preparation and much more.
Toppers have trusted and so can you!

Q. Do I need a minimum of 60% criteria in my 10th and 12th class in order to apply for the RBI Grade B exam? +

A. No, your 10th and 12th class/standard marks/percentage do not matter. You will need a minimum of 60% marks (50% in case of SC/ST/PWD) or an equivalent grade in Bachelor's degree OR a minimum of 55% percentage in your Post Graduation if you are a postgraduate (pass marks for SC/ST/PwBD applicants).

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