RBI Recruitment 2024: Grade B Officer Posts

The Reserve Bank of India (RBI) has announced a recruitment drive for Grade B Officers for the year 2024. This recruitment offers an excellent opportunity for aspirants aiming to work with India’s central banking institution. Below is the comprehensive information regarding the recruitment process, eligibility criteria, selection procedure, and more.

Recruitment Details

Organization: Reserve Bank of India (RBI)
Post Name: Grade B Officer
Number of Vacancies: To be announced
Application Start Date: To be announced
Application End Date: To be announced
Official Website: RBI Official Website

Vacancy Details

The exact number of vacancies for the Grade B Officer post will be announced in the official notification. Candidates are advised to regularly check the RBI website for updates.

Age Limit

Minimum Age: 21 years
Maximum Age: 30 years

Age relaxation is applicable as per government norms for reserved categories.

Salary

Basic Pay: ₹35,150 per month
Allowances: Dearness Allowance, Local Allowance, House Rent Allowance, Family Allowance, and Grade Allowance.
Total Monthly Emoluments: Approximately ₹77,208

Educational Qualifications

Candidates must have the following educational qualifications:

1. For General (DR) Posts: A minimum of 60% marks (50% for SC/ST/PwBD) or an equivalent grade in Bachelor’s degree as well as in 12th (or Diploma or equivalent) and 10th Standard examinations.
2. For DEPR Posts: A Master’s Degree in Economics / Econometrics / Quantitative Economics / Mathematical Economics / Integrated Economics Course / Finance, with a minimum of 55% marks or an equivalent grade.
3. For DSIM Posts: A Master’s Degree in Statistics / Mathematical Statistics / Mathematical Economics / Econometrics / Statistics & Informatics / Applied Statistics & Informatics with a minimum of 55% marks or an equivalent grade OR Master’s Degree in Mathematics with a minimum of 55% marks or an equivalent grade and one-year post-graduate diploma in Statistics or related subjects OR M. Stat. Degree of Indian Statistical Institute with a minimum of 55% marks.

Eligibility Criteria

1. Nationality: Must be a citizen of India, a subject of Nepal or Bhutan, or a Tibetan refugee who came to India before January 1, 1962, intending to permanently settle in India.
2. Age: Must fall within the prescribed age limit as of the specified date in the official notification.

Selection Process

The selection process for the RBI Grade B Officer involves three phases:

1. Phase I – Preliminary Examination: An online objective test that includes sections such as General Awareness, English Language, Quantitative Aptitude, and Reasoning.
2. Phase II – Main Examination: Consists of three papers: Economic and Social Issues, English (Writing Skills), and Finance and Management.
3. Phase III – Interview: Candidates who clear Phase I and Phase II will be called for an interview.

How to Apply

Candidates can apply for the RBI Grade B Officer post online through the official RBI website. The detailed application procedure will be available once the official notification is released. Steps to apply:

1. Visit the RBI official website.
2. Click on the “Opportunities” section.
3. Find and click on the link for Grade B Officer recruitment.
4. Register by providing the required details.
5. Fill in the application form.
6. Upload necessary documents.
7. Pay the application fee.
8. Submit the application and take a printout for future reference.

Recruitment Exam Syllabus

Phase I – Preliminary Examination:

• General Awareness: Current events, Banking and Economy, Insurance, RBI, National and International News.
• English Language: Grammar, Vocabulary, Comprehension, Synonyms, Antonyms.
• Quantitative Aptitude: Data Interpretation, Simplification, Profit and Loss, Time and Work, Simple and Compound Interest.
• Reasoning Ability: Logical Reasoning, Alphanumeric Series, Puzzle, Seating Arrangement, Blood Relations.

Phase II – Main Examination:

• Economic and Social Issues: Growth and Development, Economic Reforms in India, Social Structure in India.
• English (Writing Skills): Essay, Precis Writing, Comprehension.
• Finance and Management: Financial System, Financial Markets, Risk Management, Basics of Management.

Recruitment Exam Pattern

Phase I:

• Total Questions: 200
• Total Marks: 200
• Duration: 2 hours

Phase II:

• Paper I: Economic and Social Issues (Objective) – 100 marks
• Paper II: English (Writing Skills) (Descriptive) – 100 marks
• Paper III: Finance and Management (Objective) – 100 marks
• Duration for each paper: 90 minutes

Frequently Asked Questions (FAQs)

Q1: What is the application fee for the RBI Grade B Officer exam?

A1: The application fee will be mentioned in the official notification. Typically, it varies for different categories.

Q2: Can final year students apply for the RBI Grade B Officer post?

A2: No, candidates must have completed their graduation to be eligible.

Q3: Is there any negative marking in the RBI Grade B exam?

A3: Yes, there is a negative marking of 0.25 marks for each incorrect answer in the Phase I exam.

Q4: What is the probation period for RBI Grade B Officers?

A4: The probation period is generally two years, which can be extended up to four years based on performance.

Candidates are encouraged to prepare thoroughly and keep an eye on the official RBI website for updates and notifications regarding the recruitment process.