RBI Grade B 2024 Complete Information

RBI Grade B 2024 Recruitment Notification

RBI Grade B 2024 notification has been released on 19 July 2024 in leading newspapers. 66 vacancies have been advertised for RBI Grade B (general).

RBI Grade B 2024 Important Dates

Here are the dates of the RBI Grade B 2024 exam:

RBI Grade B 2024 Vacancies  

66 vacancies have been advertised for the RBI Grade B (general) post.

RBI Grade B 2024 Eligibility

RBI Grade B exam eligibility includes age limit, educational qualification, nationality, and number of attempts.

Age Limit for the RBI Grade B 2024 Exam

Age for the RBI Grade B 2024 exam is calculated as of the 1st of July 2024. The minimum and maximum age limits for the unreserved or general category are 21 years and 30 years, respectively.

Educational Qualification for the RBI Grade B 2024 Exam

You need to be a graduate in any discipline with a minimum of 60% marks (50% for SC/ST/PwBD applicants) OR a post-graduate in any discipline with a minimum of 55% marks (pass marks for SC/ST/PwBD applicants) in aggregate of all semesters/years.

Nationality Requirement for the RBI Grade B 2024 Exam

You should be an Indian citizen or subject of Nepal/Bhutan to be eligible for the RBI Grade B 2024 manager exam. 

Number of Attempts in RBI Grade B 2024 Exam

Candidates belonging to General Category/EWSs, who have already appeared six times for the RBI Grade B Phase 1 exam in the past are not eligible to apply. However, no such restriction applies to SC/ST/OBC/PwBD candidates.

For more information, click on the link: RBI Grade B Eligibility.

RBI Grade B 2024 Selection Procedure

The selection procedure of the RBI Grade B 2024 exam for the Generalist posts consists of:

1. Phase 1 (Pre)
2. Phase 2 (Mains)
3. Phase 3 (Interview)

RBI Grade B 2024 Pattern

Here is the RBI Grade B 2024 exam pattern:

Phase 1 Pattern of RBI Grade B 2024

Here is the RBI Grade B 2024 Phase 1 exam pattern:

Additional Details of RBI Grade B 2024 Phase 1

• The RBI Grade B Phase 1 is an online paper and qualifying in nature 
• You can choose either Hindi or English language (except for the English language test) 
• There is also 1/4th negative marking for every wrong answer

Phase 2 Pattern of RBI Grade B 2024

Here is the RBI Grade B 2024  Phase 2 exam pattern:

Additional Details of RBI Grade B 2024 Phase 2

• The RBI Grade B Phase 2 exam consists of 3 online papers 
• You can choose either Hindi or English language (except for the English language test) 
• There is a 1/4th negative marking for every wrong objective answer

RBI Grade B 2024 Interview Pattern

Candidates who qualify the Phase 2 exam are shortlisted for a psychometric test and interview. 

Here is the RBI Grade B interview pattern.

• Candidates need to undergo a psychometric test before appearing for the interview. 
• No marks are allotted for the psychometric test.
• After the psychometric test, there is an interview of 75 marks.
• Candidates may opt for the interview either in Hindi or English.

RBI Grade B 2024 Final Selection

The final selection is based on the aggregate marks obtained in Phase 2 (Paper I, II, III) and the interview.

For more details, click on the link: RBI Grade B Pattern.

RBI Grade B 2024 Syllabus

Here is the RBI Grade B 2024 syllabus for Phase 1 and Phase 2:

RBI Grade B 2024 Phase 1 Syllabus

In the absence of the official syllabus for Phase 1, we have analyzed the previous years’ questions (PYQs) to list down the topics of each subject of Phase 1.

Reasoning Syllabus for RBI Grade B 2024

1. Alphabetical, Alphanumeric Series
2. Coding & Decoding
3. Syllogism
4. Direction Sense
5. Inequality
6. Ranking
7. Blood Relation
8. Seating Arrangement
9. Puzzles
10. Machine Input Output
11. Statement – Assumption
12. Statement – Course of Action
13. Cause and Effect
14. Statement Argument
15. Statement Conclusion
16. Data Sufficiency

Quantitative Aptitude (Maths) Syllabus for RBI Grade B 2024

1. Percentage
2. Profit & Loss, Discount
3. Ratio & Proportion
4. Simplification
5. Simple & Compound Interest
6. Time & Work
7. Pipes & Cistern
8. Number Series & Number System
9. Time, Speed, & Distance 
10. Trains & Boats
11. Mixture
12. Average
13. Ages
14. Partnership
15. Area, Volume
16. Probability
17. Data Interpretation & Data Sufficiency
18. Quadratic Equation
19. Quantity Comparison

English Syllabus for RBI Grade B 2024

1. Grammar
2. Error Spotting
3. Sentence Improvement
4. Comprehension Ability
5. Comprehension passage
6. Cloze Test
7. Rearrangement
8. Para Jumbles
9. Double Fillers
10. Vocabulary – Synonyms, Antonyms, One-word Substitution, and Phrasal Verbs

General Awareness (GA) Syllabus for RBI Grade B 2024

By analyzing the past years’ question papers, we have divided the RBI Grade B GA syllabus into 2 parts— static and current affairs. PYQ analysis also helps us identify the weightage of static and current affairs questions, which is 10-15 marks and 65-70 marks, respectively. The following topics are most frequently asked from the general awareness section:

GA Current Affairs Syllabus for RBI Grade B 2024

1. National News: MoUs, summits, and major events related to India.
2. International: Summits and conferences held abroad.
3. Financial & Economics News
4. Financial Awareness: RBI and SEBI Notification and Regulations
5. Defence: Military exercises, drills, and major updates related to the defence sector of India
6. Days in News: Major events or days, along with its date and theme
7. Persons in News: Obituaries, appointments, retirements
8. Sports: Major tournaments and its winners
9. Science, Technology, and Space
10. Awards and Honours
11. Environment
12. Banking, Economy related news
13. Reports and Government Schemes
14. Books and Authors

GA Static Syllabus for RBI Grade B 2024

1. Chief Ministers and Cabinet Ministers
2. National Parks and Sanctuaries
3. Airport Locations, Stadiums
4. Organisations’ Headquarters
5. Banks’ Headquarters and Taglines
6. Power Plants in India
7. Indian Dance Forms
8. Countries Capitals and their Currencies
9. Important Days

RBI Grade B 2024 Phase 2 Syllabus

Here is the RBI Grade B 2024 Phase 2 syllabus

Economic and Social Issues Syllabus for RBI Grade B 2024

Here is the broad RBI Grade B ESI syllabus:

• Growth and Development 
• Indian Economy
• Globalization
• Social Structure in India

Descriptive English Syllabus for RBI Grade B 2024

There is no defined descriptive English syllabus as per the official RBI Grade B notification. Generally, 3 questions are asked:

1. Essay 
2. Precis Writing 
3. Reading Comprehension 

Finance and Management Syllabus for RBI Grade B 2024

Here is the broad RBI Grade B FM syllabus:

Finance

• Financial System
• Financial Markets
• General Topics

Management

• Fundamentals of Management & Organizational Behaviour
• Leadership

• Ethics 
• Corporate Governance
• Communication

For more details, click on the link: RBI Grade B Syllabus. 

RBI Grade B Previous Year Questions

Here are the PYQs of the RBI Grade B Phase 1 and Phase 2 exams with links to download in PDF for free.

RBI Grade B Phase 1 Previous Year Question Papers

You can easily download the memory-based, solved past year papers for the RBI Grade B officer Phase 1 (Prelims) exam from 2017 to 2023 in PDF format: 

RBI Grade B Phase 2 Previous Year Question Papers

You can easily download the memory-based, solved past year papers for the RBI Grade B officer Phase 2 (Mains) exam in PDF format: 

For more detailed information, click on the link, RBI Grade B PYQs.

RBI Grade B Cut Off Marks

Below, we have mentioned the RBI Grade B cut off marks from 2018 to 2023:

*Please note that from 2021 onwards, the total marks for Phase 2 and Interview have been revised from 350 to 375.

RBI Grade B Phase 1 Sectional Cut-Off Marks

Here are the Phase 1 sectional cut-off marks of the RBI Grade B exam:

For more details, click on the link: RBI Grade B Cut Off.

RBI Grade B Exam Analysis

Here is the analysis of RBI Grade B 2023 and 2022 exams.

RBI Grade B 2023 Exam Analysis

The overall RBI Grade B 2023 exam was moderate to difficult. Phase 1 cut-offs reached a record low of 54.25 marks out of 200 in 2023. Similarly, Phase 2 cut-off also decreased, with a cut off of 161 marks out of 300 in 2023. RBI introduced new lengthy, statement-based question formats, making them more time-consuming. All these trends suggest that the exam’s difficulty level is increasing year by year.

For an in-depth analysis of the RBI Grade B 2023 paper, click here 

RBI Grade B 2022 Exam Analysis

The overall RBI Grade B 2022 exam was moderate to difficult. Phase 1 and Phase 2 cut-offs were lower than the 2021 exam. Additionally, the number of statement-based questions increased, which required more time to solve than traditional question formats. 

For an in-depth analysis of the RBI Grade B 2022 paper, click here 

RBI Grade B 2024 Preparation Strategy

The official RBI Grade B notification is expected in 18 July 2024, with Phase 1 tentatively scheduled for 8 September 2024 and Phase 2 on 20 October 2024. Within this limited time frame, cracking the exam this year will be quite challenging if you haven’t started preparing yet. However, if you’ve already started your preparation and covered some topics, now is the time to intensify your efforts.

The preparation strategy below will help you cover the maximum syllabus within the available time.

Note: This is just a general RBI Grade B 2024 preparation strategy. You need to customize it according to your strengths and weaknesses.

Preparation Tips for RBI Grade B 2024

Here are the preparation tips for the RBI Grade B 2024 exam:

• Allocate more time to weak areas while balancing your strong subjects.
• Regularly practice mock tests for time management and exam simulation.
• Review your performance, identify mistakes, and learn from them.
• Keep a separate notebook for important formulas, concepts, and notes.
• Prioritize understanding over rote memorization.
• Stay physically active and maintain a healthy lifestyle for optimal performance.

Click on the link: RBI Grade B 2024 Study Plan, for a detailed preparation strategy.

RBI Grade B Toppers Strategy

Here are some of the strategies shared by the RBI Grade B toppers:

RBI Grade B Toppers Strategy: Shruti Srivastava

Shruti Srivastava scored a 98 percentile in the CAT and was working as a probationary officer at SBI. She cracked the RBI Grade B exam while working full-time at SBI. It took her 3 attempts to crack the exam.

Below, she shares her RBI Grade B journey and unravels the secrets to her remarkable achievement.

Click on the link for the RBI Grade B Preparation Strategy by Shruti Srivastava. 

RBI Grade B Toppers Strategy: Dheeraj Kumar

Dheeraj Kumar, a mechanical engineering graduate, cracked multiple exams, including the RBI assistant exam, but his ultimate goal was to become an RBI Grade B manager. He strategically balanced his preparation with work and ultimately cracked the RBI Grade B exam. 

Below, he shares his inspiring story and practical tips for aspiring RBI Grade B candidates.

Click on the link for the RBI Grade B Preparation Strategy by Dheeraj Kumar. 

RBI Grade B Toppers Strategy: Arbina Dey

Following graduation, Arbina Dey started her career as a corporate lawyer. However, her desire to pursue a career with RBI led her to quit her job and focus solely on preparing for the RBI Grade B exam. After failing twice in the RBI Grade B exam, she re-joined the workforce but continued her exam preparation, and her perseverance paid off in the 3rd attempt. This time, she cracked the RBI Grade B exam with All India Rank 2 rank. 

Below, she shares her experiences and the winning strategy that drove her to success.

Click on the link for the RBI Grade B Preparation Strategy by Arbina Dey. 

RBI Grade B Toppers Strategy: Bhavana P J

Bhavana P J is an inspiration to all RBI Grade B aspirants. Her journey exemplifies dedication, smart work, and a well-defined approach. With a non-finance background and limited preparation time, she defied all odds and achieved her dream of becoming an RBI Grade B officer.

Below, she shares her RBI Grade B journey and explains her preparation strategy, resources, and important tips for the aspirants.

Click on the link for the RBI Grade B Preparation Strategy by Bhavana P J. 

Click on the link, RBI Grade B Toppers’ Strategy, to learn how toppers prepare for the exam. 

Best Books for RBI Grade B 2024 Preparation  

Here are the best books and resources to prepare for the RBI Grade B 2024 exam.

RBI Grade B Books for Phase 1

The section-wise RBI Grade B booklist for Phase 1 is given below:

Other RBI Grade B GA Preparation Material 

• Static GK: The Hindu ePaper 
• Reports: The Hindu ePaper 
• Schemes: Press Information Bureau Government of India
• Finance Current Affairs: Livemint
• ESI Current Affairs: The Hindu ePaper 
• RBI Notifications: RBI Website

RBI Grade B Books for Phase 2

The section-wise RBI Grade B booklist for Phase 2 is given below:

Other RBI Grade B Phase 2 Preparation Material 

• FAQs on the RBI website
• Livemint 
• RBI Website
• Investopedia website
• Principles and Practice of Management by TN Chhabra
• Economic and Political Weekly
• The Hindu ePaper 
• The Economist
• Press Information Bureau Government of India

For more details, click on the link: RBI Grade B Books & Other Resources.

RBI Grade B Job Profile 

As an RBI Grade B officer, you’ll play a vital role in India’s central banking operations. Your powers and duties encompass a diverse range of functions, including:

1. Overseeing Regulation, Supervision, & Enforcement

RBI Grade B managers take care of policy formulation, perform onsite and offsite supervision, and take action if needed. 

2. Managing Financial Markets & Foreign Exchange

They make sure the financial markets operate smoothly, develop new rules, and conduct auctions on behalf of Central and State Governments, etc.

3. Handling Financial Inclusion & Currency Management

They analyze how much cash is in circulation through demand-supply analysis, perform policy work related to opening current accounts for banks & governments, and manage lead bank schemes in regional offices by acting as a lead district officer.

4. Shaping Monetary Policy, Research, & Financial Stability

They provide technical inputs to the monetary policy committee for setting interest rates, conduct research on macroeconomic issues, primary statistics, and indicators, and prepare reports to inform policy decisions.

5. Managing Governance, HR, Support, & Customer Service

They develop and implement policies on recruitment, placement, promotions, etc., oversee grievance redressal mechanisms, and provide input for the strategy framework.

Important Note: The roles and responsibilities of an RBI Grade B officer depend on the department to which they are assigned. The departments are assigned as per the requirements of RBI.

For more details, click on the link: RBI Grade B Job Profile.

RBI Grade B Officer Promotions

The future career growth for an RBI Grade B officer is quite promising, offering a well-defined career path with many promotion opportunities for significant growth and leadership within RBI. Here’s a breakdown of the promotions that lie ahead:

RBI Grade B 2024 Salary

An RBI Grade B officer enjoys a competitive salary and various allowances that add up to a handsome amount.

Salary of RBI Manager

The annual CTC of a Manager at RBI is around ₹28 lakhs, making it one of the highest pay packages available to government employees.

The starting basic pay for Grade B officers in RBI is ₹55,200 per month. Allowances like house rent allowance (HRA), dearness allowance (DA), etc. are added to this amount to arrive at the gross salary of  ₹14 lakhs per annum. 

This is the bare minimum, an RBI Grade B officer also gets various allowances on a monthly and annual basis. 

Monthly and Annual Allowances of RBI Officer

An RBI Grade B officer gets some allowances monthly that sum up to around ₹12 lakhs per annum and some allowances on an annual and biennial basis, which constitute to an amount of ₹2 lakhs per annum.

Adding all these components, i.e., the gross salary of ₹14 lakhs per year, monthly allowances of ₹12 lakhs per year, and annual allowances of ₹2 lakhs per year, an RBI Grade B manager gets approximately ₹28 lakhs per annum as a new joinee.

For more details, click on the link: RBI Grade B Officer Salary.

RBI Grade B Lifestyle

RBI Grade B manager’s position provides a good lifestyle with a unique blend of work and leisure, allowing you to maintain a fulfilling personal life while playing a vital role in shaping India’s economy.

RBI Grade B Work Environment

Here’s the work environment you can expect after cracking the RBI Grade B 2024 officer exam.

Peaceful Work Environment

RBI provides a peaceful work environment as compared to high-pressure financial and banking jobs.

Favorable Work-Life Balance

Unlike some commercial banks that often demand longer working hours, RBI follows a 5-day work week policy, i.e., Monday to Friday, ensuring that employees have ample personal time. 

Additionally, RBI officers are eligible for generous leave policies, which allow them to manage personal commitments and spend quality time with family.

Corporate-Like Work Culture

The work culture at RBI is similar to that of a corporate setup. This indicates that RBI maintains its office premises well, and the organizational work culture fosters professionalism and a collaborative spirit among employees.

RBI Grade B Manager: Postings and Transfers

Posting of RBI Manager

The Reserve Bank of India’s central office is located in Mumbai, Maharashtra. In addition to its headquarters, RBI has more than 30 regional offices across the country, primarily in major metropolitan areas. Newly recruited RBI Grade B officers can expect their initial posting in any of these RBI offices.

Transfer Policy of RBI

RBI Grade B officers are usually transferred to different locations every 3-5 years based on operational requirements. These transfers can involve switching departments, regional offices, or job functions. The duration of each transfer varies from several months to several years, depending on specific needs.

For more details, click on the link: RBI Grade B Manager Lifestyle.

RBI Grade B 2024 Exam Centers

Here are the Phase 1, Phase 2, and interview centres for the RBI Grade B exam:

RBI Grade B 2024 Phase 1 Exam Centres

Here are the centres for the RBI Grade B 2024 Phase 1 exam:

RBI Grade B 2024 Phase 2 Exam Centres

Here are the centres for the RBI Grade B 2024 Phase 2 exam:

Important Note: Interviews are conducted at some of the Phase 2 centres, details of which are mentioned in the interview call letter.

RBI Grade B 2024 Application Fee 

Here is the application fee and intimation charges to apply for the RBI Grade B 2024 exam:

*Bank/Transaction charges are to be borne by the candidate.

How to Apply for the RBI Grade B 2024 Exam

Below, we will guide you through the RBI Grade B 2024 registration process and explain how to fill the online application form. Follow the below-mentioned steps to apply for the RBI Grade B 2024 exam.

Step 1

Visit the Reserve Bank of India’s Official Website, i.e., https://www.rbi.org.in/.

Step 2

Find “Opportunities@RBI” at the bottom on the Homepage and click on this section to proceed.

Step 3

After clicking on it, a new page will open in the new tab. Hover your cursor on the “Current Vacancy” section and click on the “Vacancy” sub-section.

Step 4

Find and click on the official RBI Grade B 2024 Notification.

Step 5

Carefully read the notification to understand the eligibility criteria and other details, and click on the “ONLINE” link provided in the notification. 

Step 6

If you’re a new user, register with your basic details and create an account. Click on the “Click here for New Registration” to initiate the process.

Step 7

Before registering yourself, it is advisable to collect the prerequisites for applying online. Here are the prerequisites candidates should have in digital (scanned copy):

• Photograph (4.5cm x 3.5cm)
• Signature (with black ink)
• Left thumb impression (on a white paper with black or blue ink)
• A handwritten declaration (on a white paper with black ink) 

Step 8

Fill in the required details accurately in the application form. It is a 6-step process mentioned below:

1. Basic Info: Candidates are required to provide basic personal information 
2. Photo & Signature: Upload scanned copies of your photograph and signature
3. Details: Enter personal details and educational qualifications
4. Preview: Carefully review all the information provided before proceeding
5. Upload: Upload scanned copies of your left thumb impression and handwritten declaration.
6. Payment: Pay the required application fee through the provided payment gateway using a debit/credit card, net banking, IMPS, or other payment options.

Step 9

After completing the RBI Grade B 2024 registration, login with your credentials and check your payment status. Make sure it indicates “paid”.

Step 10

Download the application or take its print for future reference.

How to Download RBI Grade B 2024 Admit Card

You can download your RBI Grade B Phase 1 admit card from the website of RBI. Admit cards for Phase 2 are available after the Phase 1 result. 

Follow the below-mentioned steps to download the RBI Grade B 2024 admit card:

Step 1

Visit the official website of RBI, https://www.rbi.org.in/.

Step 2

Scroll down to the bottom of the page and click on “Recruitment-related announcements”.

Step 3

A new page opens up with the heading, Vacancies. Hover on the “Current Vacancies” and click on the “Call Letters” tab.

Step 4

Then, click on the “Admission Letters, other guidelines and information handouts for Direct Recruitment for the post of Officer in Grade ‘B’”.

Step 5

A new page opens up, click on “Admission Letters for the posts of Grade B DR (General)″.

Step 6

Fill out the login credentials and download your RBI Grade B Phase 1 admit card.

Follow the same procedure to download the admit card for the RBI Grade B Phase 2 exam.

RBI Grade B Result

The result for the RBI Grade B 2023 Phase 1 exam was announced on 18 July 2023 and the Phase 2 result was announced on 28 August 2023. The final result was announced on 13 December 2023. Click on the links below to download the RBI Grade B 2023 results for Phase 1, Phase 2, and interview.

For more information, click on the link: RBI Grade B Result.

RBI Grade B Officers Training

RBI Grade B training usually starts around 1 month after joining. During this initial period, you’ll be assigned a department and begin working while your training schedule is finalized. The training program itself is not continuous. It is divided into three parts spread across a year, with each part lasting for a month. The location of your training may vary depending on your department.

• Supervision Department: Training takes place at the RBI headquarters in Mumbai.
• Other departments: Training takes place in Chennai.

Conclusion

We have discussed all the important information you need regarding the RBI Grade B 2024 exam which includes notification, exam dates, vacancies, eligibility criteria, pattern, syllabus, cutoff, result, and more. We hope this information will help you get a complete picture of the RBI Grade B exam, and you can prepare with confidence.