RBI Grade B

Apart from the very decent salary of INR 1,08,404 (Approximate amount), an RBI officer is given many perks like - 

• Furnished Residences - The Officers will be given furnished residence along with food quality accommodations. 

• Concessional Loans - The interest rate for the loan by RBI grade B Officer is granted concession. 

• Vehicle Maintenance Expenses- The vehicles used by RBI grade B Officer for official works is taken care of and maintained financially. 

• Medical Allowances- A medical allowance of INR 4500 is granted to the officer. 

Other allowances include - Conveyance Allowance, Education Allowance, Fuel Allowance, Maid Allowance, Sodexo Coupons, Mobile Stipend, Spectacle Allowance. 

To know more about the RBI Grade B Officer, refer to the official website. 

The marking scheme in RBI exams, specifically for the RBI Grade B exam, involves a penalty for wrong answers. For the Phase 1 exam, 1/4 marks are deducted for wrong answers, and 1 mark is awarded for correct answers. In Phase 2, 1 mark is awarded for correct answers, and 1/4 marks are deducted for wrong answers. There are no marks awarded for unattempted questions. The exam is conducted in three phases: Phase 1, Phase 2, and Interview. Phase 1 comprises objective-type questions, while Phase 2 comprises both objective-type and descriptive-type papers. The total marks allotted to the Phase 1 exam are 200, and the Phase 2 exam carries 300 marks

RBI Assistant and RBI Grade B are two different positions in the Reserve Bank of India with different job roles, responsibilities, and eligibility criteria. The RBI Assistant test is designed to recruit clerical staff, while the RBI Grade B exam is intended to hire officers for RBI offices. The eligibility criteria, exam pattern, age limit, and job responsibilities differ between the two exams. The selection process for RBI Assistant is relatively easier than for RBI Grade B Officer, but the RBI Grade B Officer position offers a more challenging and rewarding work environment. In terms of salary, RBI Grade B Officer has a higher starting pay and faster career progression opportunities than RBI Assistant. Ultimately, the choice between RBI Assistant and RBI Grade B Officer depends on your career aspirations, personal preferences, and job requirements

Firstly, it should be noted that an RBI Grade B officer is a job, while on the other side, MBA is an academic degree.

Candidates must ensure that the career they are going to choose has scope in the future-

The scope of RBI Grade B officer in the future-

1.It is fixed to Finance and Banking

2.Exposure of various field related to Finance & Banking in which RBI involves.
3. RBI gives the scholarship sometimes for higher study

4.If someone joins early he may reach to level of Deputy Governor.

The scope of MBA in the future-

The candidate has opportunity to be trained for variety of discipline like Marketing and Sales, Finance, Strategies and at the end can choose one of them as the interest build up

To apply for the RBI Grade B officer position, candidates are required to meet the eligibility criteria prescribed by the examination authority.

Below are the minimum eligibility criteria to become an RBI grade B officer-

• Educational qualification: The educational qualification for the General post is graduation with 60 per cent and 50 per cent for SC/ST/PwBD candidates. 
• The candidate must be a Indian citizen
• For the DSIM/DEPR post, the educational qualification is 55 per cent and 50 per cent for SC, ST, and PwBD candidates.
• Age limit: The minimum age of candidates is 21 years and the maximum age limit is 30 years.