RBI Grade B Notification 2024 (OUT): Direct Download PDF Link

RBI Grade B is considered to be a challenging exam and it tests candidates knowledge of economic, finance, and management. The exam is conducted in three phases-Phase 1, 2 and Interview. The Paper 1 exam is held for 200 marks while Phase 3 carries 300 marks. The interview carries 75 marks. The difficulty level of each phase varies, with Phase II being generally considered the toughest. However, with proper preparation and practice, candidates can certainly crack the exam. The tips and tricks to crack the exam are given below: Candidates should first go through the exam pattern and syllabus inorder to understand the structure of the exam After going through the syllabus, candidates should make notes of the chapter-wise topics. After completing each chapters, they should revise these topics Candidates should attempt mock tests inorder to improve their speed and accuracy Candidates must analyse their performance after every mock tests and work on their weak areas Candidates should should stay calm and focused They should prepare a proper study routine and follow that diligently

The important topics for RBI Grade B exam are given below: English Language: The important topics are Error Spotting, Sentence Rearrangement, and Grammatical Error questions, Reading Comprehension Reasoning: Seating Arrangement, Blood Relations, Coding-Decoding, and Syllogism. Quantitative Aptitude Data Interpretation, Simplification, and Number Series.

Candidates need to fill the application form online through the official website. The application process comprises different steps that candidates need to complete successfully. The application process comprises registration, uploading of scanned photograph and signature, filling the detailed application form, previewing the application, uploading of left thumb impression & handwritten declaration and fee payment.

Candidates must be between 21 and 30 years to apply for RBI Grade B exam. Relaxation in the upper age limit is given to candidates belonging to reserved categories. Yes, relaxation in the age limit is provided to candidates belonging to the reserved categories in RBI Grade B exam. The category-wise age relaxation for RBI Grade B exam is given below. SC/ST-5 OBC-3 Physically Handicapped-10 PH+OBC-13 PH+SC/ST-15.

No, candidates should not send the printout of the RBI Grade B application form and e-receipt. However, candidates must keep the printout of the application form and fee receipt for future reference. They should keep the printout of the application form and fee receipt till the completion of recruitment process. Candidates need to fill the application form of RBI Grade B online. The application fee for the exam is INR 850 for General/OBC and INR 100 for SC/ST/PwBD, can be paid online only. The application process of RBI Grade B comprises registration, uploading the scanned photograph and signature, filling the detailed application form, uploading left thumb impression and handwritten declaration, previewing the application form, paying the application fees and final submission.

RBI Grade B application form needs to be filled online only. Candidates should not submit RBI Grade B application form offline. Candidates are not required to submit the hard copy of the application form. The application process comprises various steps such as registration, uploading the scanned photograph and signature, filling the detailed online form, previewing the application form, uploading the scanned left thumb impression and handwritten declaration, paying the application fees and take printout of the application form. The steps to fill RBI Grade B application form are given below:

•  Visit the official website of RBI
• Click on the RBI Grade B registration link to register for the exam
• Candidates need to enter the required details in the registration form
•  After successful registration, registration ID and password are generated
• In the detailed application form, candidates need to enter basic details, personal details, educational qualification, communication details, choose exam centres, etc.
•  After entering the details, candidates should preview the application form and submit it
• Candidates should upload the handwritten declaration and left thumb impression
• They should pay the application fees and submit it
• ·       Take the printout of the transaction receipt

As per the revised exam pattern, candidates need to appear for the Psychometric Test in the RBI Grade B exam before appearing in the interview. There are no marks for this test. The performance of candidates in the psychometric test is not counted for the final merit list. It is only conducted to test the psychological knowledge of candidates. The psychometric test basically measure individuals' mental capabilities and behaviour style. The test assess a cadidate's ability to perform the assigned job role. Through psychometric test, the employer assess the following personality trait:

Focus on the ‘bigger picture’ and strategy

Initiative/proactive

Driven to attain results

Structured and logical approach to performing tasks

Making informed decisions based on objective data

Focusing on the customer

Collaborating with stakeholders (colleagues, managers, vendors and customers)

RBI Grade B exam pattern is such that it is divided into Phase I, II, and Interview. The Phase 1 comprises subjects such as General Awareness, English Language, Quantitative Aptitude and Reasoning. The total marks allotted to the exam are 200. The duration of the test is 120 minutes. The language of the question paper is English and Hindi. Phase II comprises Paper-I: Economic and Social Issues, Paper-II: English (Writing Skills) and Paper-III: Finance and Management. The Phase 2 exam carries 300 marks. The duration of Paper I and III are 120 minutes (30 minutes for the objective test and 90 minutes for the descriptive test) while Paper-II is held for 90 minutes. All papers of Phase II, except the English Language, are set in English and Hindi. The interview carries 75 marks.

The standard of RBI Grade B syllabus is of the Graduation and Postgraduation levels. RBI Grade B syllabus for Phase 1 comprises subjects such as General Awareness, Reasoning, English Language and Quantitative Aptitude. RBI Grade B Phase 2 syllabus comprises topics such as Paper-I: Economic and Social Issues, Paper-II: English and Paper-III: Finance and Management. Candidates qualifying the Phase 1 exam of RBI Grade B are called for Phase 2 exam. Those who qualify the Phase 2 exam are called for psychometric test and interview. The psychometric test is qualifying in nature. The marks secured in the interview are taken into consideration for the final merit list preparation.

RBI Grace B syllabus is divided into Phase 1 and 2. The topics covered in RBI Grade B syllabus are given below:

RBI Grade B Phase 1 Syllabus

RBI Grade B Phase 1 Syllabus for DR (General)
Reasoning	Quantitative Ability	English Language	General Awareness
Logical Reasoning	Simplification	Reading Comprehension	Current Affairs
Alphanumeric Series	Profit & Loss	Cloze Test	Indian Financial Systems
Ranking/Direction/Alphabet Test	Mixtures &Alligations	Para jumbles	Indian Banking Systems
Data Sufficiency	Simple Interest & Compound Interest & Surds & Indices	Miscellaneous	Monetary Plans
Coded Inequalities	Work & Time	Fill in the blanks	National Institutions
Seating Arrangement	Time & Distance	Multiple Meaning /Error Spotting	Banking Terms
Puzzle	Mensuration– Cylinder, Cone, Sphere	Paragraph Completion
Tabulation	Data Interpretation
Syllogism	Ratio & Proportion, Percentage
Blood Relations	Number Systems
Input Output	Sequence & Series
Coding Decoding	Permutation, Combination &Probability

RBI Grade B Phase 2 Syllabus

Subject	Syllabus
Paper 1- Economic & Social Issues	1. Growth and Development  Measurement of growth- National Income and per capita income Poverty Alleviation and Employment Generation in India Sustainable Development Environmental issues 2. Indian Economy  Economic History of India Changes in Industrial and Labour Policy Monetary and Fiscal Policy since reforms of 1991 Priorities and recommendations of Economic Survey and Union Budget Indian Money and Financial Markets: Linkages with the economy Role of Indian banks and Reserve Bank in the development process Public Finance Political Economy Industrial Developments in India Indian Agriculture Services sector in India 3. Globalization Opening up of the Indian Economy Balance of Payments Export-Import Policy International Economic Institutions IMF and World Bank WTO Regional Economic Cooperation International Economic Issues 4. Social Structure in India  Multiculturalism Demographic Trends Urbanisation and Migration Gender Issues Social Justice: Positive Discrimination in favour of the underprivileged Social Movements Indian Political System Human Development Social Sectors in India Health and Education
Paper 2- English	To analyse the writing skills of the candidates including expression and understanding of the topic
Paper 3 (a) Finance	1. Financial System Regulators of Banks and Financial Institutions Reserve Bank of India- functions and conduct of monetary policy Banking System in India – Structure and concerns, Financial Institutions – SIDBI, EXIM Bank, NABARD, NHB, etc, Changing landscape of banking sector. Impact of the Global Financial Crisis of 2007-08 and the Indian response 2. Financial Markets Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.) 3. General Topics Risk Management in Banking Sector Basics of Derivatives Global financial markets and International Banking – broad trends and latest developments. Financial Inclusion Alternate source of finance, private and social cost-benefit, Public-Private Partnership Corporate Governance in Banking Sector, role of e-governance in addressing issues of corruption and inefficiency in the government sector. The Union Budget – Concepts, approach, and broad trends Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI - components and trends; striking a balance between inflation and growth through monetary and fiscal policies. FinTech
Paper 3 (b)- Management	1. Fundamentals of Management & Organizational Behaviour Introduction to management Evolution of management thought Scientific, Administrative, Human Relations Systems approach to management Management functions and Managerial roles Nudge theory Meaning & concept of organizational behaviour Personality: meaning, factors affecting personality, Big five model of personality Concept of reinforcement Perception: concept, perceptual errors Motivation: Concept, importance Content theories (Maslow’s need theory, Alderfers’ ERG theory, McCllelands’ theory of needs, Herzberg’s two-factor theory) Process theories (Adams equity theory, Vrooms expectancy theory). Leadership: Concept, Theories (Trait, Behavioural, Contingency, Charismatic, Transactional and Transformational Leadership Emotional Intelligence: Concept, Importance, Dimensions. Analysis of Interpersonal Relationship: Transactional Analysis, Johari Window Conflict: Concept, Sources, Types, Management of Conflict Organizational Change: Concept, Kurt Lewin Theory of Change Organizational Development (OD): Organisational Change, Strategies for Change, Theories of Planned Change (Lewin’s change model, Action research model, Positive model). 2. Ethics at the Workplace and Corporate Governance Meaning of ethics, why ethical problems occur in the business Theories of ethics: Utilitarianism: weighing social cost and benefits, rights and duties, Justice and fairness, ethics of care, integrating utility, rights, justice and caring An alternative to moral principles: virtue ethics, teleological theories, egoism theory, relativism theory

Selected candidates will get starting basic pay of INR 55,200 per month in the pay scale of INR 55,200-2850 (9)-80,850-EB-2850 (2) - 86,550-3300 (4)-99,750 (16 years). The initial monthly gross emoluments are INR 1,08,404. The basic pay of a Grade B Officer in RBI is INR 55,200 per month. Candidates will also receive benefits such as Dearness Allowance, Local Allowance, House Rent Allowance, Family Allowance, and Grade Allowance.

RBI Grade B salary is INR 55,200 per month. The pay scale is INR 55,200-2850 (9)-80,850-EB-2850 (2)-86,550-3300 (4)-99,750 (16 years). Candidates are entitled to Dearness Allowance, Local Allowance, House Rent Allowance, Family Allowance, and Grade Allowance. Initial monthly gross emoluments are INR 1,08,404 (approximately).. .

RBI Grade B Officers are entitled to the following perks and allowances: Back Accommodation Medical Allowance Leave Fare Concession Furnishing of Residence Miscellaneous Allowance (Fuel, Furniture, etc. ) The gross monthly emoluments of RBI Grade B is INR 1,08,404. This is including the perks and benefits offered to candidates. The allowances of RBI Grade B that candidates are entitled to along with the salary are given below:

• Dearness Allowance
• Local Allowance
• House Rent Allowance
• Family Allowance
• Grade Allowance

 

 

RBI Grade B notification has been released to fill up a total of 291 vacancies. In 2022, a total of 294 vacancies were announced for RBI Grade B exam. The vacancy break-up is given below. Officers in Grade B (DR)- General-222 Officers in Grade B (DR)- DSIM-31 Officers in Grade B (DR)- DEPR-38

RBI Grade B exam centres are different for prelims and Mains exams. The prelims exam is conducted in more than 150 cities and Mains exam is conducted in 20 cities. The interview is conducted at some of the exam centres prescribed for the Mains exam. The interview is conducted at the regional offices of RBI at times.

Yes, there is a sectional in RBI Grade B exam. Candidates need to secure both sectional and overall cutoff marks to qualify the exam. Candidates securing equal to or more than the cut off marks are selected for the subsequent rounds of selection.

RBI Grade B admit card is released one or two weeks before the exam. Candidates can download the admit card online by entering the required login details. The hard copy of the admit card is not sent to candidates by post. RBI Grade B admit card is released separately for prelims, Mains and interview.

The exam is conducted once a year. RBI Grade B vacancies depend on the requirement of the various branches of RBI. The exam is conducted to select Officers in Grade B (General), Department of Economic and Policy Research and Department of Statistics and Information Management.

Ideally, candidates need at least 8 to 10 months for RBI Grade B preparation. It also depend on how much time candidates can devote to the preparation. They need to analyse their strengths and weaknesses in the syllabus, make study plan and stick to it. Be consistent and discipline with the preparation. The tips and tricks to complete the RBI Grade B syllabus are given below: 

• Note down all the important given in the syllabus
• Go through all the topics given in RBI Grade B syllabus
• Candidates can clear the concept of each and every topic given in the syllabus from the books
• After going through the chapters given in RBI Grade B syllabus, candidates must solve previous years' question papers
• Candidates must make monthly study plan based on the syllabus to get an idea about how much one need to cover in that particular month
• Candidates must make weekly study plan where they need to divide the syllabus week-wise. It helps candidates to cover the syllabus effectively
• Candidates must make daily study plan where they need to give themselves the deadline to cover a certain topic within a day