RBI Grade B 2024: Notification, Latest News, Eligibility, Salary & Vacancies
Table of Contents
Table of Contents
RBI Grade B 2024 notification to be released soon. The Examination conducted by the Reserve Bank of India is a lucrative and in-demand opportunity for individuals who are willing to establish a career in the banking sector.
The RBI Grade B 2024 exam is directed by the Reserve Bank of India, annually. This golden opportunity is available for aspiring candidates once every year.
RBI Grade B 2024 exam is conducted in three different stages that are considered as preliminary examination (phase 1), the mains examination (phase 2), and the final interview round (phase 3).
Individuals aspiring to appear for the RBI Grade B 2024 exam must ensure that they fall within the eligibility criteria set by the conducting body Reserve Bank of India, before applying for the exam.
Candidates are selected and given the entitlement to enhance further in their recruitment process based on their overall fitness for the role along with their performance in the preliminary examination, mains exam, and interview round.
RBI Grade B Exam Highlights
| Organization | Reserve Bank of India |
| Post Name | Grade B |
| Vacancy | To Be Notified |
| RBI Grade B 2024 Exam Date | Phase 1 – To Be Notified Phase 2 – To Be Notified |
| Level of Exam | National |
| Frequency of Exam | Annually |
| Language of Exam | English and Hindi |
| Maximum Number of Attempts | 6 for a General Category Candidate (If one has already appeared for the Phase 1 exam 6 times, then he/she is not eligible.) |
| Participating Banks/Bodies | Reserve Bank of India |
| Application Mode | Online |
| Exam Mode | Online |
| Recruitment Process | Phase 1 (Preliminary), Phase 2 (Mains), Final Interview Round |
| Education Qualification | Bachelor’s degree in any stream /Similar technical or efficient qualification with minimum 60% marks (50% for SC/ST or PwBD candidates) or Post-Graduation / Equivalent technical degree with minimum 55% marks (pass marks for SC/ST or PwBD candidates) in total of all semesters/ years. |
| Age Limit | 21 to 30 Years |
| Salary | Pay scale is on the scale of Rs. 55200-2850(9)-80850-EB-2850 (2) – 86550-3300(4)-99750 |
| Official Website | www.rbi.org.in |
RBI Grade B Important Dates
| Important Events | Important Dates (Tentative) |
| Notification release | May/June 2024 |
| Online Registration Open | May/June 2024 |
| Online Registration Ends | May/June 2024 |
| Phase 1 Admit Card | August/September 2024 |
| Phase 1 Exam Date | September 8th 2024 |
| Phase 2 Admit Card | October 2024 |
| Phase 2 Exam Date | 19th October 2024 |
| Phase 1 Result | To Be Notified |
| Phase 2 Result | To Be Notified |
| Interview Date | To be sent to the qualified candidate’s email |
| Final Result Date | To be Notified |
RBI Grade B Vacancies
The Reserve Bank of India (RBI) has announced recruitment for 94 Officer positions across three specialisations: Officers in Grade ‘B’ (DR)-General, Officers in Grade ‘B’ (DR) – DEPR, and Officers in Grade ‘B’ (DR) – DSIM.
RBI Grade B Eligibility
The candidates are required to fulfill certain educational qualification criteria to be eligible to appear in the RBI Exam
All the individuals willing to grab this opportunity must be aware of all the eligibility criteria set by RBI to be able to advance further in the recruitment process. If a candidate does not meet the RBI Grade B eligibility requirements, their application may be rejected at any point during the RBI Grade B Recruitment 2024 process.
RBI Grade B eligibility criteria constitute the number of attempts, age limit criteria, Nationality/ Citizenship and educational qualification.
Age
Candidates intending to apply must fall in a certain age group to be considered entitled to the recruitment process.
- The minimum age limit to appear for the RBI Grade B examination is 21 and the maximum age limit for the same is 30.
- In addition, for those candidates who possess PhD and M.Phil. qualifications, the upper age limit for them will be 32 and 34 years respectively.
- However, RBI provides an advantage of age relaxation to the candidates belonging to reserved categories like SC/ ST, OBC or PWD.
Shown below is a brief description of the age relaxation for several reserved categories:-
| Category | Maximum Age Limit (In Years) |
| Scheduled Caste(SC) | 35 |
| Scheduled Tribe(ST) | 35 |
| Other Backward Classes (OBC) | 33 |
| PwD (General/ EWS) | 40 |
| PwD (OBC) | 43 |
| PwD (SC/ ST) | 45 |
Number of Attempts
Aspirants must note that there is a set limit for the number of times an individual may appear for this exam, however, it is specified category-wise. The general category candidates have a certain limit while other categories are not necessarily bound within limits, according to the set guidelines for the RBI Grade B 2024 exam. Refer to the table shown below-
| Category | Number of Attempts |
| General | 6 Attempts |
| SC/ST/EXSM/PWD | No Limit |
Nationality
- An Indian Citizen.
- A subject of Nepal/Bhutan.
Educational Qualifications
| Officers in Grade ‘B’ (DR) – (General) | 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. |
| Officers in Grade ‘B’ (DR) – DEPR | A Master’s Degree in Economics / Econometrics / Quantitative Economics / Mathematical Economics / Integrated Economics Course/ Finance, with a minimum of 55% marks or an equivalent grade in aggregate of all semesters /years from a recognised Indian or Foreign University /Institute. |
| Officers in Grade ‘B’ (DR) – DSIM | Master’s Degree in Mathematics with a minimum of 55% marks or an equivalent grade in aggregate of all semesters/years and one-year postgraduate diploma in Statistics or related subjects from an Institute of Repute. |
RBI Grade B Admit Card
The admit card is an essential document for the aspirants that must be kept with them while entering the examination hall. Without this Admit Card candidate’s entry into the examination hall will be denied. RBI Grade B admit card is released by the official authorities to inform the candidates about the exam dates, place and reporting time.
The details are released 10-15 days before the exam. It is extremely important because it helps to avoid any kind of fraudulent activity and misrepresentation in the exam, at the same time helping the candidates to be able to note the examination centre and exam date and reach the centre before the reporting time.
How to download RBI Grade B 2024
- Visit the official site of the RBI.
- Click the “Opportunities @RBI” link that is located at the bottom of the RBI homepage.
- Further, click on the “current vacancies” option. A notification list is displayed on the screen. Click on the “RBI Grade B 2024 Admit Card link”.
- Individual aspirants are required to enter Roll Number/Registration Number and Date of Birth/ Password.
- Further, the candidate is redirected to the RBI Grade B 2024 Admit Card.
- Download the admit card get a copy/printout of the same and carry it with you at the exam centre.
Admit Card Details
- Candidate’s Name
- Roll Number
- Date of Birth
- Scanned Photograph & Signature
- Complete Address of the Examination centre
- Exam day guidelines
- Reporting time
RBI Grade B Exam Centers
| Andaman & Nicobar | Port Blair |
| Andhra Pradesh & Telangana | Guntur, Narasaraopet, Hyderabad, Rangareddy-Kodada, Karimnagar, Warangal, Rajahmundry, Kakinada, Tirupati, Chittoor, Vijaywada, Kanchikacherla, Gudlavalleru, Eluru, Vishakhapatnam, Vizianagaram |
| Arunachal Pradesh | Itanagar, Naharlagun city |
| Assam | Dibrugarh, Guwahati, Jorhat, Silchar |
| Bihar | Bhagalpur, Muzaffarpur, Patna |
| Chandigarh | Chandigarh |
| Chattisgarh | Raipur, Bhilai |
| Daman & Diu | Jamnagar |
| Goa | Varna |
| Gujarat | Ahmedabad, Gandhi Nagar, Bhavnagar, Jamnagar, Rajkot, Surat, Vadodara |
| Haryana | Hissar, Karnal, Rohtak |
| Himachal Pradesh | Dharamsala, Shimla |
| Jammu & Kashmir | Jammu |
| Jharkhand | Bokaro, Dhanbad, Jamshedpur, Ranchi |
| Karnataka | Belgaum, Bagalkot, Bengaluru, Chikaballapur, Kolar, Tumkur, Gulbarga, Bidar, Hubli, Dharwad, Haliyal, Gadag, Mangalore, Mysore, Mandya, Udipi |
| Kerala | Kannur, Kasargod, Kochi, Alappuzha, Kottayam, Pathanamthitta, Kozhikode, Malappuram, Thrichur, Palakkad, Thiruvananthapuram, Kollam, Nagarcoil |
| Lakshadweep | Kavaratti |
| Madhya Pradesh | Bhopal, Gwalior, Indore, Jabalpur |
| Maharashtra | Aurangabad, Kolhapur, Mumbai, Navi Mumbai, Thane, Nagpur, Nasik, Pune, Solapur |
| Manipur | Imphal |
| Meghalaya | Shillong |
| Mizoram | Aizawl |
| Nagaland | Kohima |
| New Delhi | Delhi –NCR |
| Orissa | Balasore, Berhampur (Ganjam), Bhubaneswar, Cuttack, Sambalpur |
| Puducherry | Cuddalore, Villupuram |
| Punjab | Amritsar, Bhatinda, Jalandhar, Ludhiana, Mohali, Patiala |
| Rajasthan | Ajmer, Jaipur, Jodhpur, Kota, Udaipur |
| Sikkim | Gangtok, Bardang City |
| Tamilnadu | Chennai, Vellore, Coimbatore, Erode, Thirupur, Madurai, Virudhunagar, Dindigul Salem, Namakkal, Thiruchirapalli, Perambalur, Pudukottai, Thanjavur, Tirunelvelli, Kanyakumari, Tuticorin |
| Tripura | Agartala |
| Uttar Pradesh | Agra, Allahabad, Bareilly, Gorakhpur, Kanpur, Lucknow, Meerut, Varanasi |
| Uttarakhand | Dehradun, Haldwani, Nainital, Roorkee City |
| West Bengal | Berhampore (WB), Durgapur, Kolkata, Greater Kolkata, Howrah, Hooghly, Kalyani, Siliguri |
RBI Grade B Application Process
All the candidates aspiring to appear for the RBI Grade B Exam must note that the Reserve Bank of India (RBI) has initiated accepting applications for this exam from 9th May 2024. Aspirants must start completing their registration process and submit their online application by visiting the official website of RBI (www.rbi.org.in).
Application Fees
The overall submission of the application along with the total fees will be conducted in online mode only.
For the candidates belonging to the General/OBC category, the application fee is a total of Rs. 850 and for the candidates belonging to the SC/ST/PWD category, the application fee is Rs. 100.
Application Steps
RBI has initiated accepting applications for RBI Grade B 2024 in online mode. Aspirants have to depend on online mode only for submitting applications and the fees. All the aspirants must ensure accuracy while filling up the details in the application form.
The application form for RBI Grade B 2024 Examination is accessible on the official website of RBI ( rbi.org.in).
Refer to the following steps:-
- Step 1:- Visit the official website – https://rbi.org.in
- Step 2:- Open the link for “RBI Officer Grade B 2024 Recruitment”
- Step 3:- Complete the Online Registration process.
- Step 4:- Carefully fill in the complete details in the Application Form for RBI Grade B 2024
- Step 5:- Upload your required documents; Recent Photograph and Signature.
- Step 4:- Finally finish your application process by completing the payment of the application fees.
- Step 6:- Take a printout of the same, for reference in future.
Note:- Candidates should ensure the submission of their application to avoid any last-minute difficulty.
RBI Grade B Exam Pattern
The RBI Grade B exam pattern provides overall information and a proper pattern of the exam. To excel in the RBI Grade B Examination, individual aspirants need to make note of all the most important sections that carry the maximum weightage, the number of questions, and the total duration of the exam.
RBI Grade B 2024 Exam Pattern For Phase 1
| Name of Subject | No. of Questions | Maximum Marks | Duration |
| General Awareness | 80 | 80 | 25 minutes |
| English Language | 30 | 30 | 25 minutes |
| Quantitative Aptitude | 30 | 30 | 25 minutes |
| Reasoning Ability | 60 | 60 | 45 minutes |
| Total | 200 | 200 | 120 minutes |
RBI Grade B 2024 Exam Pattern For Phase 2
| Name of Test | Paper Type | Maximum Marks | Time Allotted |
| Paper I – Economic and Social Issues | 50% Objective Test 50% Descriptive Test | 50 50 | 30 mins 90 mins |
| Paper-II – English (Writing Skills) | Descriptive Test | 100 | 90 mins |
| Paper III – Finance and Management | 50% Objective Test 50% Descriptive Test | 100 | 30 mins 90 mins |
RBI Grade B Syllabus
All aspiring candidates should refer to the official syllabus to start preparing for the RBI Grade B Exam. However the recent notification for RBI Grade B 2024 has not been concluded yet, we have provided the information regarding the expected based on the previous year’s notification. Check out the RBI Grade B Syllabus.
Syllabus for Phase 1
To make it easier for the candidates to access the syllabus for the Phase 1 Examination of the RBI Grade B 2023 it has been categorized into four sections.
The syllabus for all 4 subjects is given below.
Quantitative Aptitude Syllabus
Candidates must have a great command of questions majorly based on Quantity, Data Interpretation, Simplification, Data Sufficiency, Approximation, Quadratic Inequalities, and Number Series.
Also, some important Arithmetic Topics are partnership, speed-time distance, Average, Age, Profit and loss, Time and work, Boat and stream, Trains, Simple Interest and Compound Interest, Percentage, Ratio and proportion.
Reasoning Syllabus
Reasoning Syllabus for RBI Grade B 2024 includes Logical Reasoning questions, Coding-Decoding, Blood Relation, Syllogism, Input Output, Data sufficiency, Puzzle, Alphanumeric Series, Order and Ranking, Direction Sense, Alphabet Test.
English Language Syllabus
This examination analyzes the candidates with their efficiency in topics like Phrases and Idioms, Para jumbles, Error spotting, also some relevant questions on New Patterns like Reading comprehension Paragraph completion, Rectifying Grammatical errors, Rearrangement of words, Column Based Questions, questions on Sentence Improvement.
General Awareness Syllabus
- Important notifications on the Reserve Bank of India(RBI)
- Daily News
- Economic Survey
- Union Budget
- General Knowledge(Static)
- Questions on Circulars and Reports
- Government Schemes (Union & State Government schemes)
*To refer to the material related to current affairs available on the websites of RBI, candidates are required to log in to the exam page, and then click on RBI current affairs under the section RBI Grade B access resources.
GK/General Awareness for particular topics to study Current Affairs
- Appointments/ Constituencies
- Sports
- Awards
- Film Festivals
- Meetings/Summits
- Schemes/Campaigns/Portals
- International News/India’s initiative with other countries
- Information related to museums, Power plants, Ports/Industrial Parks any missile launch
- Relevant Reports
- Terminology related to Banking
- Bank Headquarters
- News related to Monetary Policy; Important Guidelines for Finance knowledge
- Socio-Economic Caste Census
- Union Budget
- Economic Survey
General Awareness for Specific Topics for Static General Knowledge
- Refer to certain Biography/Autobiography
- Learn Abbreviations
- Festivals
- Stadiums
- National Parks
- Books
- Sports related questions
- Places of Importance like World Heritage Sites/Lakes/Rivers/Mountains/Temples
- Currencies
- Capitals
- Dates related to National and International Days
- Dams
- Airports
Phase 2 Syllabus
Globalization:
The phase 2 exam will carry questions based on globalization, Hence, candidates should refer to information on regional economic corporations, export-import policy, Monetary Fund International, WTO, International Economic issues and World Bank, Indian Economy, Balance of Payments, and International Economic Institutions
Indian Economy:
Indian Money and Financial Markets: Link with the Economy – Role of Indian Banks and Reserve Bank in the Development Process – Political Economy – Public Finance – Indian Agriculture Industrial Developments in India – Services sector in India. Economic History of India. Changes in Industrial and Labour Policy. Financial and fiscal policy since the 1991 reforms.
The Union Budget’s and the Economic Survey’s priorities and recommendations.
Growth and Development:
Growth is measured in terms of national income and per capita income, as well as the reduction of poverty and creation of jobs in India, sustainable development, and environmental issues.
Social Structure in India:
Social Movements, the Indian Political System, Human Development, the Spread of the Urban Culture and Migration, Gender Issues, Social Justice: Health and Education, Positive Discrimination for the Underprivileged, Social Movements, and Social Sectors in India.
RBI Grade B Descriptive English Syllabus
The test for English is set to analyze the candidate’s skills of writing, art of expression and the overall understanding of the topic. Essay writing, Letter writing, Precis, etc.
RBI Grade B Finance and Management Syllabus
General Topics
Risk Management in the Banking Sector, Global financial markets, and International Banking Basics of Derivatives – broad trends and latest developments, Alternate source of finance, Financial Inclusion, Public-Private Partnership, private and social cost-benefit, Corporate Governance in the Banking Sector, the role of e-governance in addressing issues of corruption and inability in the government sector, The Union Budget – approach, concepts, and broad trends, Inflation: estimates, trends, definition, consequences, and remedies (control): WPI, CPI – components and trends; striking a balance between growth and inflation through monetary and fiscal policies, FinTech
Financial Markets
Relevant information on Primary and Secondary Markets (Money, Forex, Equity, Bond, etc.), instruments, functions, and current developments.
Financial System
Regulators of Banks and Financial Institutions, Reserve Bank of India- functions and conduct monetary policy, Banking System in India – Structure and concerns, Financial Institutions – EXIM Bank, SIDBI, NHB, NABARD, etc, Changes in the landscape of banking sector, Impact of the Global Financial Crisis of 2007-08 and the Indian response
Management
- Basic Fundamentals of Management & Organizational Behavior:
- Proper overview of all the fundamentals of Management; Scientific, administrative, human relations, and the advancement in management theory; Nudge theory; managerial responsibilities.
- Meaning & concept of organizational behavior; Personality:
- Big Five model of personality, meaning-related factors, the idea of reinforcement, and perception-related topics like perceptual errors.
Motivation:
Concept, importance, Content theories- McCllelands’ theory of needs, Maslow’s need theory, Herzberg’s two-factor theory, Alderfer’s ERG theory and Process theories (Adams equity theory, Vroom’s expectancy theory).
Leadership:
Candidates should also learn certain Behavioral and transformational concepts and theories to have a proper idea of the leadership content. Also, Emotional Intelligence and its Concept and importance. Overall Interpersonal Relationship analysis: Transactional Analysis, Johari Window; Conflict: Concept, Types, Sources, Conflict management; Organizational Change: Theories of Planned Change (Lewin’s change model, Action research model, Positive model) Concept, Kurt Lewin Theory of Change; Organizational Development (OD): Organizational Change, Strategies for Change.
Ethics at the Workplace and Corporate Governance
Candidates should learn what the importance of Ethics is and what certain Ethical issues that businesses face are. Theories of ethics: Utilitarianism: social cost and benefits, rights, and duties, Justice and fairness, justice, integrating utility, rights, caring and justice, An alternative to moral principles: virtue ethics, teleological theories, and relativism, egoism theory, Moral issues in business: Ethics in Compliance, Finance, Human Resources, Marketing, etc. Also, Ethics and structure of the organization, Board of Directors- roles and responsibilities, introduction to Business, Information regarding the Code of Conduct and Code of Ethics.
RBI Grade B Selection Process
Here’s an outline for the selection process of RBI Grade B
- Preliminary Examination
- Main Examination
- Interview
- Document Verification
- Medical Examination
- Final Merit List
RBI Grade B Preparation Tips
- Thorough understanding of syllabus: General Awareness, English Language, Quantitative Aptitude, Reasoning.
- Focus on specialized subjects: Economics, Finance, Management.
- Stay updated on current affairs: Economic and financial news, RBI policies, recent developments.
- Practice mock tests: Timed tests for speed and accuracy improvement.
- Strengthen basics: Revisit fundamental economics and finance concepts.
- Improve English: Read financial newspapers and journals for vocabulary enhancement.
- Time management: Develop effective exam time management strategies.
- Prepare for interview: Discuss background, motivation, and current economic issues.
RBI Grade B Results and Cutoffs
After the completion of the overall recruitment process for the RBI Grade B 2024 exam, a cut-off score is announced each year. It is the minimum mark that a candidate is required to obtain to be considered qualified for all three phases separately. The cut-off is separately declared for all three phases of the RBI Grade B exam. To successfully pass the exam, an aspirant should surely pass both the sectional and overall cut-off to enhance further in the recruitment process. This will help aspiring individuals to strategize their preparation analyze the exam pattern and also understand the competitiveness of the RBI Grade B Exam.
RBI Grade B Cut-Off – Previous Year (2022)
For the candidates to get an idea of the difficulty level and the pattern of the RBI Grade B exam, they must note the previous year’s cut-off.
As mentioned above, several elements affect the overall cut-off of the RBI Grade B exam. Cut-off and it keeps changing every year.
Candidates can refer to the table below to check the cut-off details for the previous year.
| Category | RBI Grade B Cut Off (2022) |
| General | 234.50 |
| OBC | 223.00 |
| EWS | 187.50 |
| SC | 202.50 |
| ST | 179.00 |
| PwBD | General-208.25 OBC-196.75 SC-176.25 |
RBI Grade B Salary Structure
The Reserve Bank of India offers highly profitable RBI Grade B Salary 2024 to the candidates recruited as Officers. Along with the salary, the candidates are also authorized to numerous perks and emoluments that increase the desirability of their job.
- The starting basic salary for RBI Grade B is Rs.55,200/ per month.
- As per RBI Grade B 2024, Officers in Grade B are salaried on the scale of Rs. 55200-2850(9)-80850-EB-2850 (2) – 86550-3300(4)-99750.
- While the gross monthly salary of an RBI Grade B 2024 officer is Rs. 1, 08,404/-(approx) for a newly recruited officer.
To read more about RBI Grade B Salaries, Click Here
FAQs
Why RBI Grade B is so difficult?
RBI Grade B exam is considered to be a challenging exam as it is highly competitive and attracts a large number of candidates every year. The exam is outlined to examine the candidate’s knowledge and understanding of various topics allied with economics, banking, and finance.
Who is eligible for RBI Grade B 2024?
Aspirants should have completed their graduation with a minimum of 60% marks or a master’s degree with a minimum of 55% marks to become entitled to RBI Grade B 2024.
Is RBI Grade B Notification Out?
Yes, the RBI Grade B Short Notification is declared on 26th April 2024. The detailed notification will be declared on 9th May 2024 on the RBI’s official website.
Can I become an RBI Grade B Officer?
The recruitment process for the RBI Grade B 2024 exam is conducted in three different stages that are considered as Preliminary Exam (phase 1), the Main Exam (phase 2), and the final interview round (phase 3). Candidates should also know the difficulty level of the RBI Grade B 2024 exam before applying. An aspirant can become an RBI Grade B officer with consistent exercise and hard work.
Will there be an interview after the written exams?
Whether there is an interview after the written exams depends on the specific exam or position you’re referring to. For many competitive exams and job applications, an interview is often a subsequent step following the written test. However, this is not always the case. It’s best to check the official guidelines or contact the organization administering the exam for detailed information about their selection process.
Related Content
Know more about the RBI Grade B Exam :