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

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 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.