The Reserve Bank of India (RBI) has released the official notification for the recruitment of Grade B officers for the year 2023. The notification contains all the details regarding the eligibility criteria, selection process, exam pattern, syllabus, application fee and important dates for the RBI Grade B exam. Candidates who are interested and eligible can apply online for the RBI Grade B exam through the official website of RBI. The online application process will start from 9th May 2023 and will end on 31st May 2023. The RBI Grade B exam will be conducted in three phases: Phase I (Preliminary), Phase II (Main) and Phase III (Interview). The Phase I exam will be held on 17th June 2023, the Phase II exam will be held on 7th July 2023 and the Phase III exam will be held in August/ September 2023. Have a look at all the important details:
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RBI Grade B 2023- Important Dates
| Events | Important Dates** | |
| Website Link Open For Online Registration of Applications and Payment of Fees/ Intimation Charges | May 09 – June 09, 2023 (till06:00 p.m.) | |
| Officers in Gr B (DR)- General | Phase – I – Online Examination | July 09, 2023 $ |
| Phase – II – Paper I, II & III Online Examination | July 30, 2023 # |
| ***Officers in Gr B (DR)- DEPR* | Phase – I – Paper I & II Online Examination | July 16, 2023% |
| Phase – II – Paper I & II Written Examination | September 02, 2023% |
| ***Officers in Gr B (DR)- DSIM@ | Phase – I – Paper I Online Examination | July 16, 2023 |
| Phase – II – Paper II & III Online / Written Examination | August 19, 2023# |
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RBI Grade B 2023- Vacancies Details
| Post | Unreserved (GEN/UR) | Scheduled Castes (SC) | Scheduled Tribes (ST) | Other Backward Classes (OBC)$ | EWSs@ | TOTAL |
| 1. Officers in Grade ‘B’(DR)- General | 109 | 25 | 17 | 49 | 22 | 222 |
| 2. Officers in Grade ‘B’(DR)- DEPR | 14 | 4 | 6(4) | 11 | 3 | 38 |
| 3. Officers in Grade ‘B’(DR)- DSIM | 9 | 8(5) | 5(5) | 6 | 3 | 31 |
RBI Grade B 2023- Number of Attempts
Candidates belonging to General Category/EWSs, who have already appeared Six times for Phase-I Examination for this post/s in the past, are not eligible to apply. No such restriction applies to candidates belonging to SC/ST/OBC/PwBD, if the posts are reserved for them.
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RBI Grade B 2023- Eligibility Criteria
Age Limit
A candidate must have attained the age of 21 years and must not have attained the age of 30 years on May 01, 2023 i.e., he/she must have been born not earlier than May 02, 1993 and not later than May 01, 2002.
The upper age-limit prescribed above will be relaxed subject to certain conditions mentioned in the official notification.
Educational Qualification
| Posts | Minimum Educational Qualifications (as on May 01, 2023): |
| Officers in Grade ‘B'(DR) -(General) | Graduation in any discipline /Equivalent technical or professional qualification with minimum 60% marks\ (50% for SC/ST/PwBD applicants) or Post- Graduation in any discipline / Equivalent technical or professional qualification with minimum 55% marks (pass marks for SC/ST/PwBD applicants) in aggregate of all semesters / years. Note:Graduation Level:Any such course from a recognised University / Institute that is taken after Class XII and is at least of 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. Post-Graduation Level:Any such course from a recognised University / Institute that is taken after Graduation and is at least of 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 prescribedabove. |
| Officers in Grade ‘B’ (DR) – DEPR | Essential:A Master’s Degree in Economics (or any other master’s degree where “Economics” is the principal constituent* of the curriculum/syllabus, namely MA / MSc in Quantitative Economics, Mathematical Economics, Financial Economics, Business Economics, Agricultural Economics, Industrial Economics) ORA Master’s Degree in Finance (or any other master’s degree where “Finance” is the principal constituent* of the curriculum / syllabus, namely MA / MSc in Quantitative Finance, Mathematical Finance, Quantitative Techniques, International Finance, Business Finance, Banking and Trade Finance, International and Trade Finance, Project and Infrastructure Finance, Agri Business Finance) For a) and b) above, minimum 55 per cent marks or an equivalent grade is required in aggregate of all semesters / years from a recognized Indian or foreign University / Institute. “Principal constituent” with respect to syllabus / curriculum means half or more of the total courses / electives / credits must be in Economics or Finance. Note I: For SC, ST and PwBD candidates, the minimum marks required in Master’s Degree as in items (a) and (b) above is 50% marks or an equivalent grade in aggregate of all semesters / years. Desirable: A Doctorate Degree in Economics, or research or teaching experience in economics, or publication in the field/area of Economics in standard journals. Note II: (i) Candidates having M.PhiI Degree and Doctorate Degree from a recognized Indian / Foreign University / Institute in economics will be eligible for relaxation in the upper age limit by 2 years and 4 years respectively. (ii)Candidates having Master’s Degree with research / teaching experience at a recognized Indian / Foreign University / Institute in economics will be eligible for relaxation in upper age limit to the extent of number of years of such experience subject to a maximum of three years. For experience, probationary period will not be reckoned. (iii)The above age relaxations will not be cumulatively available with age relaxations available to various categories as mentioned in Para 3 II (b) above. |
| Officers in Grade ‘B’ (DR) – DSIM | Essential: a.A Master’s Degree in Statistics/ Mathematical Statistics/ Mathematical Economics/ Econometrics/ Statistics & Informatics/ Applied Statistics & Informatics with a minimum of 55% marks or equivalent grade in aggregate of all semesters / years; OR b.Master’s Degree in Mathematics with a minimum of 55% marks or an equivalent grade in aggregate of all semesters / years and one year post graduate diploma in Statistics or related subjects from an Institute of repute; OR c.Master’s degree course in Data Science/ Artificial Intelligence/ Machine Learning/ Big Data Analytics, with a minimum of 55% marks or equivalent grade in aggregate of all semesters/ years from a recognized University/ Institute, an institute of national importance, UGC/ AICTE approved programme; OR Four-year Bachelor’s degree with a minimum of 60% marks or equivalent grade in aggregate of all semesters/ years in Data Science/ AI/ ML/ Big Data Analytics from a recognized University/ Institute, an institute of national importance, UGC/ AICTE approved programme; OR e. Two years Post Graduate Diploma in Business Analytics (PGDBA) with a minimum of 55% marks or equivalent grade in aggregate of all semesters/years from a recognized University/ Institute, an institute of national importance, UGC/ AICTE approved programme. Note: For SC, ST and PwBD candidates, the minimum marks required in Master’s Degree as in items (a), (b), (c), (d) and (e) above is 50% or an equivalent grade in aggregate of all semesters/ years. Desirable: (i) Candidates with a Doctorate in topics related to above subjects will be given preference. (ii) Research or teaching experience and publication in standard journals will be considered as an additional qualification. Note: (i) Candidates possessing M.Phil. and Ph.D qualification in the specified subjects will be eligible for relaxation in upper age limit by 2 years and 4 years respectively. (ii) Candidates with research / teaching experience at a recognized Indian / Foreign University/Institute will be eligible for relaxation in upper age limit to the extent of number of years of such experience subject to a maximum of three years. For experience, probationary period will not be reckoned. (iii) The above age relaxations will not be cumulatively available with age relaxations available to various categories as mentioned in Para 3 II (b) above. |
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RBI Grade B 2023- Selection Procedure & Exam Pattern
Selection for the aforementioned posts will be done through ONLINE / WRITTEN examinations in Phase – I and Phase – II and interview.
Phase-I Online Examination (Objective Type)
This will comprise a single Paper for 200 marks and will be held on July 09, 2023. Depending on the number of candidates, the examination may be held in multiple shifts and on some other days also. A candidate, however, must appear for examination in only one shift on the given day. The date, time and venue on which a candidate has to appear for examination will be specified in the Admission Letter (AL) to be downloaded by the candidate from our website (www.rbi.org.in). The ‘corrected-scores’ obtained by each of the candidates in different sessions (if held) will be normalized using equipercentile method. (If the examination is held in more than one session, the scores across various sessions will be equated following IBPS’ standard practice to adjust for slight differences in difficulty level of different test batteries used across sessions.)
The Paper will consist tests of
- General Awareness
- English Language
- Quantitative Aptitude and;
- Reasoning
A total time of 120 minutes will be given for answering. However, separate time will be allotted for each test. Other detailed information regarding the examination will be given in an Information Handout, which will be made available for the candidates to download along with the Admission letter for examination from the RBI website.
Candidates have to secure minimum marks separately for each test as well as in aggregate, as may be prescribed by the Board.
Candidates, who secure minimum marks separately for each Test, as prescribed, will be shortlisted for Phase-II of the examination based on the aggregate marks obtained in Phase-I. The minimum aggregate cut-off marks for being shortlisted for Phase-II of the examination will be decided by the Board in relation to the number of vacancies. Roll No. of the candidates shortlisted for Phase-II examination will be published on RBI website, tentatively within a week after Phase-I examination.
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Phase-II Online Examination
The Phase-II online Examination will be conducted on July 30, 2023 only for the candidates who are shortlisted on the basis of results of Phase-I and based on the cut-off decided by the Board. The Phase-II examination will be in shifts. Candidates are required to appear for all shifts. Separate Admission Letters will be issued for each shift. The time- table for Phase-II will be intimated to the candidates concerned along with Admission Letter for Phase-II. Phase–II online examination will consist of three papers as under:
| Name of Paper | Type of Paper | Time (Minutes) | Number of questions | Marks |
| Paper-I:Economic and Social Issues | 50% Objective Type 50% Descriptive Type, answers to be typed with the help of the keyboard. Candidates opting to type the answers in Hindi, may type with the help of either: (i) Inscript or (ii) Remington (GAIL) keyboards layout. | 30 90 Total 120 | @ | 50 50 Total 100 |
| Paper II: English (Writing Skills) | Descriptive, to be typed with the help of the keyboard | 90 | 3 | 100 |
| Paper-III: General Finance and Management | 50% Objective Type 50% Descriptive Type answers to be typed with the help of the keyboard. Candidates opting to type the answers in Hindi, may type with the help of either: (i) Inscript or (ii) Remington (GAIL) keyboards layout. | 120 | @ | 50 50 Total 100 |
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@For both Paper I and III, there will be 30 questions and 50 marks for Objective questions (some questions carrying 2 marks each and some carrying 1 mark each). In case of Descriptive questions, 6 questions will be asked, of which candidates will be required to attempt 4 questions (2 of 15 marks each (with difficulty level) and 2 of 10 marks each). In case, candidate answers more than 4 questions
in descriptive, first 4 shall be evaluated.
NOTE: All question papers (in both the Phases, except the test of English) will be set bilingually in Hindi and English.
Phase-III Interview
Candidates will be shortlisted for the interview, based on aggregate of marks obtained in Phase-II (Paper-I +Paper-II +Paper-III). The minimum aggregate cut off marks for being shortlisted for 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 RBI website at appropriate time and interview call letters will be sent on registered email ID. Interview will be of 75 marks.
Candidate shall be required to undergo Personality Assessment conducted by the Bank before appearing for the Interview, no marks will be allotted for the same, and will not form part of the final selection criteria. Candidate may opt for interview either in Hindi or English. Final Selection will be through merit list which will be prepared by adding marks secured by candidates in Phase- II examination and interview and grace marks as applicable as per extant rules.
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RBI Grade B 2023- Fee Details
| Sr. No. | Category | Charges | Amount* |
| 1. | SC/ST/PwBD | Intimation Charges only | ₹ 100/- + 18%GST |
| 2. | GEN/OBC/EWSs | Application fee including intimation charges | ₹ 850/- + 18%GST |
| 3. | STAFF@ | Nil | Nil |
RBI Grade B 2023- Pay Scale
Selected Candidates will draw a starting basic pay of ₹55,200/-p.m. in the pay scale of ₹55200-2850(9)-80850-EB-2850 (2) – 86550-3300(4)-99750 (16 years) applicable to Officers in Grade B and they will also be eligible for Special Allowance, Grade Allowance, Dearness Allowance, Local Compensatory Allowance, Special Grade Allowance, Learning Allowance, House Rent Allowance as per rules in force from time to time. At present, initial monthly gross emoluments (without HRA) are Rs. 1,16,914/- (approximately) The House Rent Allowance of 15% of Basic Pay will be paid, if accommodation is not provided by the Bank.
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RBI Grade B 2023- Official Notification
Download the Official Notification here.
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