RBI Grade-B 2024
Thanks for visiting the page and since you are here, we are sure that you are aspiring to be an Officer in one of the most prestigious institution of India, the mighty Reserve Bank of India (RBI).
About Exam
Entering the Reserve Bank of India (RBI) through the Grade B examination is a significant milestone for many aspiring candidates. The RBI Grade B exam is one of the most prestigious and competitive exams in the country, attracting thousands of aspirants every year. The Grade B exam is renowned for its rigorous selection process and attractive career prospects. In this article, we’ll delve deeper into various facets of the RBI Grade B exam, including its structure, salary, promotions, postings, and historical cut-offs. So keep your confidence and spirits high before embarking on the journey of learning.
Job Profile
As the central bank of India, the RBI plays a crucial role in shaping the nation’s monetary policies and maintaining financial stability.
RBI Grade B officers are on probation for the initial 2 years but during the entire tenure, the officers are deployed across various departments within the RBI, such as:
- Banking Regulation and Supervision
- Currency Management
- Monetary Policy
- Research and Analysis
- Administration and Human Resources
Basically, an officer is the backbone of RBI and the main responsibility is to ensure the compliance of the banks with various Acts such as Banking Regulation Act, 1949, Anti-Money Laundering Act etc.
They may also be deputed to other financial institutions, government agencies, or international organizations for specialized assignments or training programs.
Salary and Career progression
Salary and Perks: RBI Grade B officers enjoy competitive pay scales and numerous benefits, including:
- Basic Pay: The initial monthly gross emoluments for RBI Grade B officers are approximately INR 77,208.
- Allowances: In addition to the basic pay, officers receive Dearness Allowance, House Rent Allowance, Local Compensatory Allowance, Family Allowance, and Grade Allowance.
- Perquisites: Medical benefits, leave fare concession, and loans at concessional rates are provided.
- Pension: RBI Grade B officers are entitled to a pension as per the government norms
The overall CTC in a metro city will be around 17-18LPA which is quite good for any entry level exam.
Promotions and Career Progression: The career progression of an RBI Grade B officer is structured and offers ample opportunities for growth. The typical hierarchy includes:
- Assistant Manager
- Manager
- Assistant General Manager
- Deputy General Manager
- General Manager
- Chief General Manager
- Principal Chief General Manager
- Executive Director
- Deputy Governor
- Governor
Yes, you’ve read it correctly! A Grade-B Officer can reach upto the level of Deputy Governor/ Governor also but the promotions are based on performance, experience, and clearing departmental exams. Officers may also get opportunities for lateral movements and specialized training programs.
Eligibility
To be eligible for the RBI Grade B exam, candidates need to meet certain criteria regarding age, educational qualifications, and nationality. Here are the general eligibility requirements:
Nationality:
- The candidate must be a citizen of India, or
- A subject of Nepal, or
- A subject of Bhutan, or
- A Tibetan refugee who came over to India before January 1, 1962, with the intention of permanently settling in India
Age Limit:
- The minimum age limit for the RBI Grade B exam is typically 21 years.
- The maximum age limit varies depending on the category and educational qualifications. It is generally around 30 years for general category candidates. However, age relaxations are provided for candidates belonging to reserved categories as per government norms.
Educational Qualifications
- The candidate should have a minimum of 60% marks (50% in case of SC/ST/PWD) or an equivalent grade in Bachelor’s degree as well as in 12th (or Diploma or equivalent) and 10th standard examinations.
Structure
RBI Grade B Exam Structure: The RBI Grade B exam is conducted in three phases:
Phase 1: Preliminary Examination
- Objective-type questions covering subjects like General Awareness, English Language, Quantitative Aptitude, and Reasoning.
- Each section carries equal weightage.
- Negative marking for incorrect answers.
Phase 2: Main Examination
- Consists of three papers:
- Economic and Social Issues
- English (Writing Skills)
- Finance and Management
- Descriptive-type questions to test the candidate’s analytical skills and understanding of economic and financial concepts.
- Consists of three papers:
Interview
- Candidates who clear both Phase 1 and Phase 2 are called for the interview round.
- The interview panel assesses the candidate’s personality, communication skills, and suitability for the role.
Syllabus
The syllabus for the RBI Grade B exam is comprehensive, covering various subjects to assess candidates’ knowledge and skills relevant to the roles within the Reserve Bank of India. The syllabus generally includes subjects related to economics, finance, management, and other relevant areas. Here’s a broad overview of the syllabus:
Phase-I:
General Awareness:
- Current Affairs: National and International importance
- Banking and Financial Awareness
- Economic News
- Static General Knowledge: Indian History, Geography, Polity, etc.
- Awards and Honors
- Books and Authors
- Science and Technology
- Sports
English Language:
- Reading Comprehension
- Vocabulary
- Grammar
- Error Spotting
- Fill in the Blanks
- Sentence Rearrangement
Quantitative Aptitude:
- Simplification
- Number Series
- Data Interpretation: Tables, Pie Charts, Bar Graphs, Line Graphs
- Quadratic Equations
- Profit and Loss
- Time, Speed, and Distance
- Time and Work
- Mensuration
- Data Sufficiency
- Probability
Reasoning Ability:
- Logical Reasoning
- Alphanumeric Series
- Blood Relations
- Seating Arrangements
- Syllogism
- Input-Output
- Coding-Decoding
- Direction Sense
- Inequalities
- Puzzle
Phase-II:
Economic and Social Issues:
- Growth and Development
- Poverty
- Social Justice
- Inflation
- Monetary Policy
- Financial Markets
- Sustainable Development
- Globalization
- Economic Reforms in India
English (Writing Skills):
- Essay Writing
- Precis Writing
- Comprehension Passage
- Report Writing
Finance and Management:
- Financial System
- Financial Markets
- Management Concepts
- Leadership
- Motivation
- Communication
- Ethics and Corporate Governance
- Corporate Social Responsibility
Interview:
- Candidates shortlisted after Phase-II are called for an interview.
- The interview aims to assess the candidate’s suitability for the position and may cover topics related to the candidate’s background, work experience, and current affairs.
Cut-off
2023
RBI Grade-B Cut-Off 2023 for Phase-I Exam | |||||||
Section | Category | ||||||
GENERAL/UR | EWS | OBC | SC | ST | PwBD (OH/HI/VH/MD) | ||
GENERAL AWARENESS | 12.00 | 12.00 | 8.00 | 6.25 | 6.25 | 6.25 | |
REASONING | 9.00 | 9.00 | 6.00 | 4.75 | 4.75 | 4.75 | |
ENGLISH LANGUAGE | 4.50 | 4.50 | 3.00 | 2.25 | 2.25 | 2.25 | |
QUANTITATIVE APTITUDE | 4.50 | 4.50 | 3.00 | 2.25 | 2.25 | 2.25 | |
TOTAL SCORE/ Aggregate | 54.25 | 54.25 | 54.25 | 52.75 | 44.75 | 40.25 | |
RBI Grade B Phase 2 Cut Off 2023 | ||||||
RECRUITMENT STAGE | GENERAL | OBC | SC | ST | EWS | PwBD |
AGGREGATE CUT – OFF MARKS IN PAPER- I, PAPER-II AND PAPER- III TAKEN TOGETHER IN WRITTEN EXAMINATION FOR SHORTLISTING THE CANDIDATES FOR INTERVIEW (OUT OF TOTAL 300 MARKS). | 169.00 | 169.00 | 156.50 | 148.50 | 169.00 | 148.00 |
RBI Grade B Final Cut Off 2023 | ||||||
RECRUITMENT STAGE | GENERAL | OBC | SC | ST | EWS | PwBD |
AGGREGATE MARKS IN WRITTEN EXAMINATION (PAPER- I, II AND III) AND INTERVIEW TAKEN TOGETHER (OUT OF TOTAL 375 MARKS) OBTAINED BY THE LAST RECOMMENDED CANDIDATE REGARDING THE NO. OF VACANCIES NOTIFIED IN THE ADVERTISEMENT | 229.00 | 221.75 | 213.75 | 203.25 | 194.00 | 202.75(GEN) |
Study Material
NCERT, RBI reports and bulletins, Current Affairs, Newspaper, PIB.