The RBI Grade B notification 2023 is expected to be out in the month of February or March 2023 on the official website of RBI. We would help you get a brief overview of what all the RBI Grade B notification pertains to. Please have a look at the table given below.
| For RBI Grade B Officers (DR) General | |
|---|---|
| Particulars | Details |
| Name of the Exam | RBI Grade B 2023 |
| Exam Conducting Body | Reserve Bank of India |
| Exam Category | Regulatory Body Exam |
| Exam Level | National |
| Exam Mode | Online |
| Vacancies for Grade B Officers (DR) for Generalist Post | Expected vacancies: 150 – 200 |
| Language of Exam | English and Hindi |
| Periodicity | Once a Year |
| Selection Process | Phase 1 (Prelims), Phase 2 (Mains), Interview |
| Official Website | https://opportunities.rbi.org.in/Scripts/Vacancies.aspx |
| Maximum Number of Attempts | 6 for a General Category Candidate(If you have attempted the Phase 1 exam 6 times, then you are not eligible.) |
| Online Registration Start Date | Expected in March 2023 |
| Last Date to Apply | Expected in March 2023 |
| Phase 1 Exam Date for Grade B (DR) General | Tentatively – April 2023 |
| Phase 2 Exam Date for Grade B (DR) General | Tentatively – May 2023 |
| Eligibility – Age Limit | 21 to 30 Years |
| Eligibility – Education | Graduation in any discipline with a minimum of 60% marks for General candidates or Post Graduation in any discipline with a minimum of 55% marks. |
| Application Fee | Rs 850 for General Category Candidate |
This was a brief overview of the RBI Grade B 2023 exam. Now let’s take a look at the overview of the RBI Grade B 2023 Notification.
Here are the expected dates for the RBI Grade B 2023 exam:
| Event | RBI Grade B 2023 Exam Date |
| Notification | |
| Registration Open | |
| Registration Last Date | |
| RBI Grade B Phase 1Admit Card | |
| RBI Grade B Phase 1 Exam Date for (DR) General | Tentatively – April 2023 |
| RBI Grade B Phase 1 Result | |
| RBI Grade B Phase 2 Admit Card | |
| RBI Grade B Phase 2 Exam Date for (DR) General | Tentatively – May 2023 |
Candidates, intending to apply for RBI Grade B 2023 exam should ensure that they fulfill the minimum eligibility criteria as specified by RBI in their advertisement.
The minimum age to apply for the RBI Grade B officer exam is 21 years. You should have completed 21 years of age as of the 1st of January 2022.
The maximum age to apply for the RBI Grade B officer exam is 30 years of age. This means you should not be 30 years of age.
The upper age limit extension for RBI Grade B exam aspirants is as mentioned below:
| Category | Relaxation |
|---|---|
| SC/ST | 5 years |
| OBC | 3 years |
| Ex-Servicemen | 5 years |
| ECOs/SSCOs | 5 years |
| PwD | 10 years |
| Experienced Candidates – Scheduled Commercial Banks, Public Sector Insurance Companies, All India Financial Institutions, RBI | Number of years of experience (cannot be more than 33 years) |
| Ex-employees of banks going into termination and/or liquidation/ personnel retrenched from Govt Offices with at least 1 yr service | 5 years |
You will need a minimum of 60% marks (50% in case of SC/ST/PWD) or an equivalent grade in a 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)
The minimum qualifying percentage or an equivalent grade for the Bachelor’s degree will be in aggregate for all semesters/years.
Any such course from a recognised University / Institute that is taken after Class XII and is at least 3 years duration/ candidates possessing professional or technical qualifications which are recognised by the Government as equivalent to professional or technical graduation will be eligible for admission to the examination, subject to obtaining minimum marks prescribed above.
Any such course from a recognised University / Institute that is taken after Graduation and is at least 2 years duration / recognised by the Government as equivalent to professional or technical Post-graduation will be eligible for admission to the examination, subject to obtaining minimum marks prescribed above.
A total of 238 vacancies were announced for the RBI Grade B (DR) generalist category in the RBI Grade B 2022 notification. You can check the expected vacancies for the RBI Grade B 2023 exam here.
| Post Name | Expected Number of Vacancies |
| RBI Gr. B Officer (DR) – General | 150 – 200 |
| RBI Gr. B Officer (DR) – DEPR | 30 |
| RBI Gr. B Officer (DR) – DSIM | 25 |
| Total | 200 – 255 |
We would like to tell you that a total of 322 vacancies were announced in the RBI Grade B 2021 recruitment notification. Out of these 322 vacancies, 270 posts were for the RBI Grade B General post, 29 posts were for the DEPR post and 23 posts were for the DSIM post.
You will have to fill up the online application form to be able to take the exam.
| Important Events | Dates |
|---|---|
| Commencement of online registration of application | Expected in March 2023 |
| Closure of registration of application | Expected in March 2023 |
| Closure for editing application details | Expected in March 2023 |
| Last date for printing your application | Expected in March 2023 |
| Online Fee Payment | Expected in March 2023 |
The RBI Grade B application form has five sections.
Filling up the RBI Grade B officer application form involves the following steps-
Prerequisites for Applying Online
Visit the RBI official page.
Click on the notification that says ‘RBI Grade B Officer Application Form Released’. You will be redirected to a new page for online registration.
Select ‘Click Here for New Registration’.
Fill in the requested basic details – Name, Address, Age, Contact Number Email ID etc. After you have entered all the details click on Save and Next. After the completion of the registration process, a registration number and a password will be displayed on the screen. Candidates are requested to save/note down the password and registration number for future use.
Upload the photograph and signature (as per the instructions specified in the notification pdf).
Enter details of his/her educational background – qualifications (High school/Graduation etc), marks/grades (as per the mark sheet), and work experience (if any).
Validate all the information/details uploaded in the form. Candidates are required to preview the application form and check for any errors carefully. This is crucial because you will not be allowed to make further changes once you click on the submit button.
Click on the ‘Save’ button.
Fees payment of application form. The payment has to be made online through net banking/debit card/credit card. Your application form will be considered ‘submitted’ only after paying the application fee.
The candidate will receive an email or a text message as a notification alert upon successfully submitting the application form. Get a printout of the payment details and application form. Candidates can download RBI Grade B admit cards/hall tickets 10 days prior to the scheduled preliminary exam date.
The following is the RBI Grade B Scheme of Selection:
The RBI Grade B Prelims exam consists of 4 sections: Reasoning, General Awareness, Quantitative Aptitude, and English Language. The detailed exam pattern in a tabular format is presented below.
| Sections | Total Questions | Marks | Duration |
|---|---|---|---|
| Reasoning | 60 | 60 | 45 minutes |
| General Awareness | 80 | 80 | 25 minutes |
| English Language | 30 | 30 | 25 minutes |
| Quantitative Aptitude | 30 | 30 | 25 minutes |
| Total | 200 | 200 | 2 hours |
*For RBI Bolt, log in through the exam page >> Click on the RBI Current Affairs in RBI Grade B Resources.
There is a negative marking in the RBI Grade B Phase 1 exam. 1/4th of the marks assigned to that question will be deducted for every wrong/incorrect answer.
The RBI Grade B Mains exam consists of three papers: Paper 1, Paper 2 and Paper 3. Paper 1 and 3 are a combination of both objective and descriptive questions, while Paper 2 is completely descriptive in nature. The detailed format is presented below in a tabular format.
For the General Posts
| Papers | Type of test | Total Marks | Duration |
|---|---|---|---|
| Paper 1 – Economic and Social Issues | 50% 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 Test | 100 marks | 90 mins |
| Paper 3 – Finance and Management | 50% 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 |
Candidates will be shortlisted for the interview, based on the aggregate of marks obtained in Phase 2 (Paper 1 + Paper 2 + Paper 3).
The minimum aggregate cut-off marks for being shortlisted for an interview will be decided by the Board in relation to the number of vacancies.
Roll No. of the candidates shortlisted for interview will be published on the RBI website at an appropriate time and interview call letters will be sent to the registered email ID.
The candidate shall be required to undergo Psychometric Test conducted by the Bank before appearing for the Interview. No marks will be allotted for the same and this will not form part of the final selection criteria.
Candidates may opt for an interview either in Hindi or English.
Final Selection will be through a merit list which will be prepared by adding marks secured by candidates in the Phase 2 examination and interview and grace marks as applicable as per extant rules.
Data Interpretation, Quantity Based Questions (Q1, Q2, Q3 etc), Data Sufficiency, Simplification, Approximation, Quadratic Inequalities, Number Series (missing and wrong no. series).
Important Arithmetic Topics: Partnership, Average, Ages, Profit & Loss, Time & Work, Speed-Time-Distance, Boat & Stream, Trains, Simple Interest and Compound Interest, Percentage, Ratio & Proportion.
Alphanumeric Series, Order and Ranking, Direction Sense, Alphabet Test, Data Sufficiency, Inequalities, Seating Arrangement, Puzzle, Syllogism, Blood Relations, Input-Output, Coding-Decoding, and Logical Reasoning.
Cloze Test, Fillers, Spotting the Errors, Para Jumbles, New Pattern Questions, Idioms and Phrases, Word Rearrangement, Column Based Questions, Sentence Improvement, Paragraph Completion, Grammar, Reading Comprehension.
*To access current affairs material, Log in through the exam page >> Click on the RBI Current Affairs in RBI Grade B Resources.
Topics that are marked in bold are specific to Phase 1.
Measurement of growth: National Income and per capita income – Poverty Alleviation and Employment Generation in India – Sustainable Development and Environmental issues.
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.
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.
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.
The paper on English shall be framed in a manner to assess the writing skills including expression and understanding of the topic, Essay writing, Letter writing, Precis’ etc.
Regulators of Banks and Financial Institutions, Reserve Bank of India- functions and conduct 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
Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.), functions, instruments, and recent developments.
Risk Management in the 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 the Banking Sector, the 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
Introduction to management; Evolution of management thought: Scientific, Administrative, Human Relations and Systems approach to management; Management functions and Managerial roles; Nudge theory.
Meaning, factors affecting personality, Big five model of personality; the concept of reinforcement; Perception: concept, perceptual errors.
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, Vroom’s expectancy theory).
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).
Meaning of ethics, why ethical problems occur in 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, Moral issues in business: Ethics in Compliance, Finance, Human Resources, Marketing, etc. Ethical Principles in Business: introduction, Organization Structure and Ethics, Role of Board of Directors, Best Practices in Ethics Programme, Code of Ethics, Code of Conduct, etc.
Corporate Governance:
Factors affecting Corporate Governance; Mechanisms of Corporate Governance.
Steps in the Communication Process; Communication Channels; Oral versus Written Communication; Verbal versus non-verbal Communication; upward, downward and lateral communication; Barriers to Communication, Role of Information Technology.
We have tabulated the RBI Grade B officer’s monthly salary here. Please take a look.
As per the recent salary revision in the RBI Grade B salary, the basic pay has become Rs 55,200/- per month on the scale of Rs. 55200 – 2850 (9) – 80850 – EB – 2850 (2) – 86550 – 3300 (4) – 99750 (16 years) and the gross monthly emoluments will stand at Rs 1.08 Lakhs approx.
| RBI Grade B Officer’s Basic Pay | Rs 55,200/- p.m. |
| Payscale for an RBI Grade B Officer | Rs. 55200 – 2850 (9) – 80850 – EB – 2850 (2) – 86550 – 3300 (4) – 99750 (16 years) |
| RBI Grade B Salary – Allowances Given | i. Dearness Allowance, ii. Local allowance, iii. House Rent Allowance, iv. Family allowance and v. Grade Allowance |
| The gross monthly emoluments for an RBI Grade B Officer | Rs 1.08 Lakhs approximately. |
The RBI Grade B in-hand salary is Rs 80,000/- (approximately).
Although the RBI Grade B officer’s basic pay is Rs 55, 200 per month and the gross monthly emoluments are Rs, 1.08 Lakhs but they keep getting other perks and allowances in different forms taking their gross pay to Rs 2 lakhs per month.
RBI Grade B 2023 admit cards for the online exam of Phase 1 and Phase 2 will be out on the official website of RBI at least 10 to 15 days before the date of the exam. Candidates will have to visit the official RBI website for downloading call letters for RBI Grade B online examination. Intimation for downloading call letters will also be sent through email/SMS.
The candidate is required to use:
(i) Registration Number/Roll Number,
(ii) Password/Date of Birth for downloading the call letter.
Here is the direct link to download your admit cards for RBI Grade B 2022 Phase 1 exam.
| Commencement of Call letter Download | Tentatively in April 2023 |
| Closure of Call letter Download | Tentatively in April 2023 |
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