RBI Grade B 2023 Exam

RBI Grade B 2023 Overview

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. The RBI Grade B 2023, Phase 1 is to be conducted on 9th july, 2023 and RBI Grade B 2023, Phase 2 is to be conducted on 30th july, 2023. The Reserve Bank of India released the detailed official notification for RBI Grade B 2023 on 9th May, 2023. RBI Grade B has a vast syllabus and a limited number of vacancies that 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!

RBI Grade B 2023 Notification

Every year, RBI or Reserve Bank of India releases the notification for the Grade B Officers post in the various departments of the Reserve Bank of India. The RBI Grade B notification includes exam pattern, eligibility criteria, and other important details. For 2023, RBI Grade B notification has already been released for various posts that include:

• Officers in Grade 'B' (DR) - (General)
• Officers in Grade 'B' (DR) - DEPR
• Officers in Grade 'B' (DR) - DSIM

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.

RBI Grade B 2023 Important Dates

Below are the important dates you should keep a track of, if you are serious about RBI Grade B 2023 preparation.

Note:

• *Department of Economic and Policy Research
• @ Department of Statistics and Information Management
• ** The Board reserves the right to make any change in these dates
• $ Candidate will have to appear in only one shift of Phase - l examination
• % Candidate will have to appear for both the papers
• *** Candidates can apply for Grade B (DR) either in DEPR or DSIM stream.

RBI Grade B Officer Exam 2023 Highlights

RBI Grade B 2023 Admit Card

RBI Grade B 2023 admit card is about to be released soon. Once the RBI Grade B admit card has been released by RBI, the candidate can download the admit card from the official website of Reserve Bank of India (RBI) i.e, rbi.org.in . For the post of Officer in Grade-B DR (General) and Grade-B DR (DEPR/DSIM) the admit card exam will be released separately for the both RBI Grade B post.

All the candidates can download RBI Grade B 2023 Phase 1 & Phase 2 Exam Admit Cards using their credentials like application ID and password which was generated at the time of registration. To Download the RBI Grade B 2023 Admit Card the candidate must have Registration Number/Roll Number and D.O.B./Password

Steps to Download RBI Grade B 2023 Admit Card

Step 1: Go to the RBI official Website i.e rbi.org.in

Step 2: Click on the current vacancies tab and then click on the call letter link.

Step 3: Click on the admission letter and other guidelines link for the post you applied for. In the new window, you will have to again click on the admission letter download link.

Step 4: Enter your Registration Number/Roll Number (Which you got at the time of registration)  and D.O.B./Password.

Step 5: Fill and verify the Captcha Box. 

Step 6: Click on the Submit button.

Step 7: RBI Grade B 2023 admit card will display on screen you can check and download the admit card in pdf format and take a print. 

Information to be notified for RBI Grade B 2023 Admit Card

• Name of the Candidate
• Date of Birth of the Candidate
• Category (ST/ SC/ BC &Other) of the Candidate
• Exam Date and Time
• Test Centre Address
• Time Duration of the Exam
• Applicant Photograph
• Father's Name or Mother's Name
• Examination Name
• Applicant Roll Number
• Gender (Male/Female)
• Exam Centre Name and Code
• Essential instructions for the examination
• And the signature of the candidate and exam counselor

Documents required for RBI Grade B 2023 Admit Card:

• Candidate's Aadhar Card
• Candidate's Employee ID
• Candidate's Passport
• Voter ID
• PAN Card
• College ID
• Photograph
• Driving License
• Any other ID proof issued by a Gazetted Officer
• And any other id assigned by the state or central govt.

RBI Grade B 2023 Vacancy Details 

RBI Grade B 2023 Eligibility Criteria

Eligibility criteria for RBI Grade B examination are as follows:

Age Limits

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.

RBI Grade B Age Relaxation Limit:

• Up to 2 Years for M.Phil. Candidates and 4 Years for Ph.D. candidates
• Up to 3 years for OBC candidates or Non-Creamy Layer
• Up to 5 years for SC/ST candidates
• Up to 10 years for PwBD (UR), 13 years for PwBD (Person with Benchmark Disability) for OBC, and 15 years for PwBD (Person with Benchmark Disability) for SC/ST

Note: A candidate applying for RBI Grade B 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.

Minimum Education Qualification (as on May 01, 2023)

Officers in Grade ‘B' (DR) – (General): Interested applicant for RBI Grade B 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.

Maximum Number of Attempts

RBI Grade B Candidates who are 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 2023 Selection Procedure

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 Pattern

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:

Note:

1. Candidates have to secure minimum marks separately for each test as well as aggregate, as prescribed by the Board.
2. There will be penalty for wrong answers marked by you. For every wrong answer marked by you, 1/4th of the marks assigned to that question will be deducted as penalty.
3. Candidates, who secure minimum marks separately for each Test, as prescribed, will be shortlisted for RBI Grade B 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.
4. Roll No. of the candidates shortlisted for RBI Grade B Phase-II examination will be published on RBI website tentatively within a week after RBI Grade B Phase-I examination.

RBI Grade B Phase-II Exam Pattern

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.

Note:

@For both RBI Grade B 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 RBI Grade B Phases, except the test of English) will be set bilingually in Hindi and English.

RBI Grade B Phase-III- Interview

Candidates will be shortlisted for the RBI Grade B 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. 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 Phase- II examination and interview and grace marks as applicable as per extant rules.

RBI Grade B 2023 Syllabus

The selection process of RBI Grade B exam comprises of three phases. The RBI Grade B Phase I and Phase II are written tests whereas the third one is Interview. 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:

RBI Grade B Phase I: There are four sections in RBI Grade B Phase I that is General Awareness, English language, Quantitative Aptitude and Reasoning. The RBI Grade B Phase I exam is an objective type which is conducted online.

RBI Grade B Phase II: There are four sections in RBI Grade B Phase II that is Finance & Management, economic & Social Issues, and English Language. The RBI Grade B Phase II exam is both objective type as well as descriptive type which is also conducted online

RBI Grade B Phase-I Syllabus:

RBI Grade B Phase-II Exam Syllabus

Given below are detailed-wise topics you need to cover for the RBI Grade B Phase II exam:

RBI Grade B Salary and Benefits 2023

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 RBI 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.

RBI Grade B Cut-offs

The RBI Grade B 2023 Cut-off will be released by RBI after each stage of the examination.. 

RBI Grade B 2022 Cut-offs

Cut-off is something that is very important to aspirants. While it's extremely difficult to predict the cut-offs of the upcoming RBI Grade B exam, we have given you the previous year cut-offs to help you get an idea. The Cut Off of RBI Grade B for Phase I and Phase II exams will be declared separately, and RBI Grade B final cut-off is determined on the basis of combined scores of both Phase II and the Interview round.

RBI Grade B 2022 Cut off- Phase I: Category wise

RBI Grade B 2022 Cut off- Phase I

RBI Grade B 2022 Cut off- Phase II

RBI Grade B 2022 Cut off-Final

RBI Grade B 2021 Section-wise Cut-off for Phase I

RBI Grade B 2021 Overall Cut-off for Phase I

RBI Grade B- 2019 Phase I Section-wise Category-wise Cut-offs

RBI Grade B- 2018 Phase I Section-wise Category-wise Cut-offs

RBI Grade B- 2018 Phase II Category-wise Cut-offs

RBI Grade B- 2017 Phase I Section-wise Category-wise Cut-offs

RBI Grade B- 2017 Phase I Category-wise Overall Cut-offs

RBI Grade B- 2017 Phase II Section-wise Category-wise Cut-offs

RBI Grade B 2023 Job Profile & Emoluments

Curious about RBI Grade B's Salary & what work do RBI Grade B do? Keep reading below:

RBI Grade B Job Responsibilities

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:

• To inspect the allocated banks on a timely basis in respect with cash vault, KYC AML guidelines, credit appraisal system, IT policy, overall security, functioning of the Board of Directors, adherence to different RBI circulars etc.
• To write the inspection report and to prepare the bank's balance sheet as per RBI's format by calculating various Financial parameters like CRAR, Gross NPA, Net NPA, Gross Profit/Loss, Net Interest Margin, Forex Exposure, CRR, SLR, etc.
• To rate the bank as per CAMELS.

FAQs

I am in the final year of my graduation, am I eligible to apply for this RBI Grade B recruitment? −

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.

What is the Application fee for RBI Grade B Officer recruitment? +

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.

How many times can I appear for this RBI Grade B Officer Exam? +

RBI Grade B 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 RBI Grade B exam.

RBI Grade B 2023 Study Plan

Reserve Bank of India Grade B (RBI Grade B) examination is the most popular regulatory exam in India. RBI Grade B 2023 Study Plan is absolutely important if you want to achieve your goal of clearing the examination. RBI Grade B is one of the most Popular Exams among the aspirants across the country due to its lucrative posts. 

We have come up with a day-wise RBI Grade B study plan so that you can prepare in the best possible way. We have provided a study plan along with Mock Test, Sectional Mock Test & Topic wise Mock Tests