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Roughly around 3 lakh candidates appear every year for the RBI Grade B exam and it is one of the most reputed exams in the banking sector. As always, the Reserve Bank of India (RBI) will conduct RBI Grade B 2023 recruitment exam for a total of 291 vacancies this year. Its vast syllabus and a limited number of vacancies make it one of the toughest, grandest, and sought-after banking exams in India. And now more and more people want a career in RBI, and that too as a Grade B officer making the competition harder and harder with every passing year.
No doubt, RBI Grade-B Exam is a tough nut to crack! But with proper preparation strategy and regular testing of your skills & newly-acquired knowledge, you'll become part of the RBI family for sure! To be a part of RBI as a Grade B Officer, one has to successfully crack both the phases of the RBI Grade B exam along with the Interview.
To be a part of RBI as a Grade B Officer, you will have to clear both the phases (I & II) of the RBI Grade B exam along with the Interview.
PracticeMock is an all-in-one platform that caters to all the demands of an RBI Grade B aspirant 24/7 with valuable information, notes, updates, RBI Grade B 2023 Mock Tests and much more!
Let's take a dive into the RBI pool to know what an RBI Grade B exam expects from you and how you can clear it on the very first attempt!
Every year, RBI or Reserve Bank of India releases the notification for the Grade B Officers post in the various department of the Reserve Bank of India. For 2023, RBI Grade B notification has already been released for various posts that include:
With the release of the official RBI Grade B 2023 notification, RBI revealed having to fill a total of 291 vacancies, out of which 222 posts were for the RBI Grade B General post, 38 for DEPR, and 31 posts for DSIM, this year.
| Exam Conducting Authority | Reserve Bank of India |
| Post Available | RBI Grade B Officer |
| RBI Grade B 2023 Notification Status | Released |
| Frequency of Exam | Once a Year |
| Number of vacancies (2023) | 291 |
| Selection Process | Prelims, Mains and Interview |
| Mode of Exam | Online |
| Language of Exam | English & Hindi |
| Job Location | Anywhere in India |
| RBI Help desk | 011-23711333 |
| RBI Official Website | rbi.org.in |
| Application Fees |
|
| Exam Duration |
|
| Post | Unreserved (GEN/UR) | Scheduled Castes (SC) | Scheduled Tribes (ST) | Other Backward Classes (OBC)$ | [email protected] | 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 |
Eligibility criteria for RBI Grade B examination are as follows:
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.
Relaxation in Age Limit:
Note: A candidate who has experience as an officer in commercial banks/financial institutions (Public Sector) may claim a maximum of 3-years of relaxation, excluding probation period.
Officers in Grade ‘B' (DR) – (General): An interested applicant must be a Graduate in any discipline or must have an Equivalent technical or professional qualification with a minimum of 60% marks (50% for SC/ST/PwBD applicants) or a Post-Graduate or have an Equivalent technical qualification with a minimum of 55% marks (pass marks for SC/ST/PwBD applicants) in aggregate of all semesters or years.
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.
RBI Grade B Exam is conducted in 3 phases (Phase I, II & III. Phase I or the Prelims exam is an objective-type exam consisting of 4 sections, English Language, Logical Reasoning, Quantitative Aptitude, and General Awareness. Each phase acts as an elimination round, where only those candidates are allowed to appear in the Mains Examination who clear the Phase II exam. Psychometric Test & Interview (Phase III) will be the last or final stage of the exam.
RBI Grade B Phase-I exam consists of 4 sections. There is no sectional time limit. The total duration of the RBI Grade B Phase- I is of 120 minutes. There is a negative marking of ¼ for wrong answers. Given below are the distribution marks amongst each section:
| Subjects | Number of questions | Maximum marks | Duration |
| General Awareness | 80 | 80 | 25 minutes |
| Quantitative Aptitude | 30 | 30 | 25 minutes |
| English Language | 30 | 30 | 25 minutes |
| Reasoning | 60 | 60 | 45 minutes |
| Total | 200 | 200 | 120 minutes |
Note:
RBI Grade-B Phase-II exam consists of 3 sections. You are given 90 minutes for each section of the exam, making a total time duration of 270 minutes.
| 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 | @ |
Note:
@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.
All question papers (in both the Phases, except the test of English) will be set bilingually in Hindi and English.
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.
The applications are required to cover all the topics that make up the RBI Grade B exam 2023 for better performance in the actual RBI Grade B exam 2023. The topics that you must cover to clear the RBI Grade B Phase-I Exam are given below:
| Subjects | Topics |
| English | · Grammar · Vocabulary · Error Spotting · Comprehension · Passage Making · Jumble words · Fill in the blanks · Sentence Framing |
| Quantitative Aptitude | · Mensuration · Time and Work · Average, Ratio, Percentages · Speed, Distance and Time · Mixture and Allegations · Permutation and Combination · Data Interpretation · Probability |
| Reasoning | · Puzzles · Seating Arrangement · Directions and Distance · Data Sufficiency · Blood Relations · Syllogism · Coding-Decoding · Inequality |
| General Awareness | · Banking & Financial Awareness · Monetary Policies · Economic Terms · Current Affairs · Financial & Economics News · Static GK · Government Schemes, Agreement & Deals · Banking terms, rates, processes |
Given below are detailed-wise topics you need to cover for the RBI Grade B Phase II exam:
| Exam Papers | Topics |
| Paper-I: Economic and Social Issues | · Growth and Development · Measurement of growth: National Income and per capita income · Sustainable Development and Environmental issues · Poverty Alleviation and Employment Generation in India · Economic Reforms in India · Industrial and Labour Policy · Monetary and Fiscal Policy · IMF and World Bank · WTO · Regional Economic Cooperation · Social Structure in India · Multiculturalism · Demographic Trends · Urbanization and Migration · Gender Issues · Privatization · Role of Economic Planning · Globalization · Balance of Payments · Export-Import Policy · Opening up of the Indian Economy · International Economic Institutions Social Justice: · Positive Discrimination in favor of the underprivileged · Social Sectors in India · Social Movements · Indian Political System · Human Development · Health, and Education. |
| Paper-II: English (Writing Skills) | This paper assesses the writing skill that includes the capability of expressing and understanding the topic |
| Paper-III: Finance and Management | Finance: · Financial System · Regulators of Banks and Financial Institutions · Banking System in India · Financial Institutions – SIDBI, EXIM, NABARD, NHB, etc, · Financial Markets Primary and Secondary Markets · Risk Management in Banking Sector · Reserve Bank of India- functions, and conduct monetary policy Basics of Derivatives: · Forward, Futures, and Swap · Changing Landscape of Banking sector · Recent Developments in the Financial Sector · Portfolio Investment · Public Sector Reforms · Role of e-governance in addressing the issues of corruption and inefficiency in the government sector · The Union Budget · Direct and Indirect taxes · Non-tax sources of Revenue · GST · Thirteenth Finance Commission and GST · Finance Commission · Fiscal Policy · Fiscal Responsibility and Budget Management Act (FRBM) · Disinvestments · Financial Inclusion- use of technology · Alternate source of finance · Private and social cost-benefit · Public-Private Partnership Corporate Governance in Banking Sector Inflation: · Definition · Trends, estimates, consequences, and remedies (control): WPI, CPI – components, and trends. Management-Its nature and scope: · The Management Processes; Planning, Organisation, Staffing, Directing, and Controlling · The Role of a Manager in an Organisation Leadership: The Tasks of a Leader; Leadership Styles · Goals of HRD · Performance Appraisal, Potential appraisal, Leadership Theories · A successful Leader versus an effective Leader · Human Resource Development · Concept of HRD and development · Feedback and Performance Counselling · Career Planning · Training and Development · Rewards · Employee Welfare. Motivation, Morale, and Incentives: · Theories of Motivation · How Managers Motivate · Concept of Morale · Factors determining morale · Role of Incentives in Building up Morale. Communication: · Steps in the Communication Process · Communication Channels · Oral versus Written Communication · Barriers to Communication · Role of Information Technology · Verbal versus non-verbal Communication · upward, downward, and lateral communication. · Corporate Governance: · Mechanisms of Corporate Governance · Factors affecting Corporate Governance. |
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.
Below are the important dates you should keep a track of, if you are serious about RBI Grade B 2023 preparation.
| 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)- [email protected] | Phase – I – Paper I Online Examination | July 16, 2023 |
| Phase – II – Paper II & III Online / Written Examination | August 19, 2023# |
Cut-off is something that is very important to aspirants. While it's extremely difficult to predict the cut-offs of the upcoming exam, we have given you the previous year cut-offs to help you get an idea.
| Section | General | EWS | OBC | SC | ST | PwBD (OH/HI/VH/MD) |
| General Awareness | 16.00 | 16.00 | 12.00 | 10.25 | 10.25 | 10.25 |
| Reasoning | 12.00 | 12.00 | 9.00 | 7.75 | 7.75 | 7.75 |
| English Language | 6.00 | 6.00 | 4.50 | 3.75 | 3.75 | 3.75 |
| Quantitative Aptitude | 6.00 | 6.00 | 4.50 | 3.75 | 3.75 | 3.75 |
| Category | Cutoff Marks (Out of 200) |
| General | 66.75 |
| EWS | 66.75 |
| OBC | 63.75 |
| SC | 53.50 |
| ST | 52.75 |
| PwBD | 52.75 |
| Section | Category | |||||
| General/UR | EWS | OBC | SC | ST | PwBD (OH/HI/VH/MD) | |
| General Awareness (Maximum Marks = 80) | 20.00 | 20.00 | 16.00 | 14.25 | 14.25 | 14.25 |
| Reasoning (Maximum Marks = 60) | 15.00 | 15.00 | 12.00 | 10.75 | 10.75 | 10.75 |
| English Language (Maximum Marks = 30) | 7.50 | 7.50 | 6.00 | 5.25 | 5.25 | 5.25 |
| Quantitative Aptitude (Maximum Marks = 30) | 7.50 | 7.50 | 6.00 | 5.25 | 5.25 | 5.25 |
| Total Score/ Aggregate (Maximum Marks = 200) | 122.00 | 122.00 | 115.50 | 108.00 | 108.00 | 108.00 |
| Category | Cut Off Score |
| General/UR | Reasoning- 15 Quantitative Aptitude- 7.50 English Language- 7.50 General Awareness- 20 Total Aggregate- 105.75 |
| SC | Reasoning- 10.75 Quantitative Aptitude- 5.25 English Language- 5.25 General Awareness- 14.25 Total Aggregate- 91.75 |
| ST | Reasoning- 10.75 Quantitative Aptitude- 5.25 English Language- 5.25 General Awareness- 14.25 Total Aggregate- 91.75 |
| OBC | Reasoning- 12 Quantitative Aptitude- 6 English Language- 6 General Awareness- 16 Total Aggregate- 95.75 |
| PwD (HI/MD/OH/VH) | Reasoning- 10.75 Quantitative Aptitude- 5.25 English Language- 5.25 General Awareness- 14.25 Total Aggregate- 91.75 |
| Recruitment Stage | Category & CUT OFF MARKS | ||||
| GEN | OBC | SC | ST | PwBD | |
| Aggregate Cut off Marks in Paper- I, Paper-II and Paper- III in Written Examination for Shortlisting the Candidates for Interview. (Out of Total 300 Marks) | 201.25 | 186.25 | 180.25 | 180.25 | 180.25 |
Aggregate Marks in Written Examination (Paper- I, II And III) (Out of Total 350 Marks) | 248.5 | 235.5 | 221.25 | 219.5 | Gen-235.50 OBC-223.00 |
| Category | English (Max Marks = 30) |
| General/UR | 6.75 |
| OBC | 5.25 |
| SC | 4.75 |
| ST | 4.75 |
| PWD (OH/HI/VH) | 4.75 |
| Category | Reasoning (Max Marks = 60) |
| General/UR | 11.00 |
| OBC | 8.00 |
| SC | 6.75 |
| ST | 6.75 |
| PWD (OH/HI/VH) | 6.75 |
| Category | Quantitative Aptitude (Max Marks = 30) |
| General/UR | 4.00 |
| OBC | 2.50 |
| SC | 2.00 |
| ST | 2.00 |
| PWD (OH/HI/VH) | 2.00 |
| Category | General Awareness (Max Marks = 80) |
| General/UR | 16.50 |
| OBC | 12.50 |
| SC | 11.00 |
| ST | 11.00 |
| PWD (OH/HI/VH) | 11.00 |
| Category | Total Score (Max Marks = 200) |
| General/UR | 78.00 |
| OBC | 68.00 |
| SC | 64.00 |
| ST | 64.00 |
| PWD (OH/HI/VH) | 64.00 |
| Recruitment Process | Cut-off Marks | ||||
| General | OBC | SC | ST | ||
| Aggregate Cut-off Marks in Paper I, Paper II and Paper III in written examination for shortlisting the candidates for interview (Out of total 300 marks) | 196.75 | 181.75 | 175.75 | 175.75 | |
| Aggregate Cut-off Marks in Paper I, Paper II and Paper III in written examination and interview taken toethe (Out of total 350 marks) | 245.75 | 228.00 | 220.50 | 211.25 | |
Curious about RBI Grade B's Salary & what work do RBI Grade B do? Keep reading below:
RBI has central office located at Mumbai and regional offices located mostly at State Capitals (for eg. New Delhi, Kolkata, Chennai, Dehradun etc). There are more than 30 departments in RBI each one of which has 4-5 sections. And in each section there are 4-5 sub sections. The central office mainly supervises and coordinates between the different departments of regional offices. The duties & responsibilities of an RBI Grade B Officer will depend on what department one is placed. Below are some duties/responsibilities of an RBI Grade B Officer posted in the central office:
The pay scale for RBI Grade B Officer Scale-I is 55,200-2850(9)-80850-EB-2850(2)-86550-3300(4)-99750. An RBI Grade B Officer gets somewhere around Rs 84,000. The salary will also depend upon the place of posting and the office where one is posted.
Exam Date
Total Vacancies
31st December, 2023
Economic & Social Issue (ESI)+Finance & Management-Study & Revision Notes+Chapter Wise Quizzes.10 Complete Mock Tests for Phase 1 Exam15 Sectional Test (5 each for Quantitative Aptitude, Reasoning and English)30 Mock Tests for Phase 2 (15 each for ESI & FM) (10 Objective + 5 Descriptive). 
10% OFF - Use Code: REG10
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31st december, 202310 Complete Mock Tests for Phase 1 Exam15 Sectional Tests for Phase 1 (5 each for Quantitative Aptitude, Reasoning and English)30 Mock Tests for Phase 2 (15 each for ESI & FM) (10 Objective + 5 Descriptive with Expert Review)No, you are not eligible. To apply for Officer Grade B, General a candidate must have completed his/her graduation as per the date specified by RBI.
For general and OBC category candidates, an application fee to apply for RBI Grade B Officer recruitment 2021 is 850/- and for all other (SC/ST/PWD), it is 100/- rupees. There is no application charge for a person who is already working with RBI under any post.
Candidates belonging to General category can appear for a maximum six times in this exam. It means if you have already given the phase 1 examination for the posts under this recruitment six times earlier, then you are not eligible to apply for this exam seventh time. There is no such limit on a number of attempts for candidates belonging to SC/ST/OBC/PWD for this exam.
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