RBI Grade B Phase 1 2023

RBI Grade B Phase 1: The Reserve Bank of India (RBI) is the exam-conducting authority of the RBI Officers Grade B 2023 Phase I exam. The authorities will conduct the exam tentatively in May 2023. Last year, authorities introduced 294 vacancies, which included vacancies for 238 Officers in Grade ‘B’(DR)—General, 31 Officers in Grade ‘B’(DR)—DEPR and 25 Officers in Grade ‘B’(DR)—DSIM. This year, the number is expected to be around 300. This year, the total vacancies are 291 that includes Officers in Grade ‘B’ (DR) for General, DEPR, and DSIM. 

The RBI shall determine candidates’ performance based on three selection rounds: RBI Grade B Phase-I, RBI Grade B Phase-II, and the final round, i.e., the interview. Aspirants must have their hands on all the study material required to score good marks in each round of the selection process (see preparation tips below). Continue reading the article for more details regarding the upcoming RBI Grade B Phase 1 2023 exam events.

RBI Grade B Phase 1 2023 Exam Summary

Candidates can go through the below table to get an overview of the RBI Grade B Phase 1 exam summary:

Particulars	Details
Exam Conducting Body	Reserve Bank of India
Exam Name	RBI Grade B 2023
Exam Mode	Online Exam
Selection Process	Phase 1 (Objective) Phase 2 (Descriptive) Phase 3 (Interview)
Language of Paper	English and Hindi
Official website	rbi.org.in

• July 18, 2023: RBI has uploaded the RBI Grade B Phase 1 result, which includes the list of shortlisted candidates for Phase 2 for Grade ‘B’ (DR) (General)-PY 2023, scheduled on July 30, 2023. Phase 2 includes Paper 1, Paper 2, and Paper 3. See more details here.

The authorities released the RBI Grade B Phase 1 notification on the official website. Candidates can refer to the notification below to understand the eligibility requirements and more:

•  RBI Grade B Phase 1 Notification

Refer to the following table to keep track of the upcoming RBI Grade B Phase 1 2023 events:

RBI Grade B Events	RBI Grade B Dates
Officers in Gr B (DR) — General Phase I Exam	July 9 to 13, 2023
RBI Grade B Phase 1 Result 2023 (General)	July 18, 2023
RBI Grade B Scorecard 2023 (General) — Phase 1	August 2023
Officers in Gr B (DR) — General Phase II Exam	July 30, 2023
Officers in Gr B (DR) — DEPR/DSIM Phase I Exam	July 16, 2023
RBI Grade B Result 2023 (DEPR/DSIM) — Phase 1	August 2023
Officers in Gr B (DR) — DEPR/DSIM Phase 2 Exam	September 2 and August 19 2023

The authorities released a total of 291 vacancies of Officers in Grade ‘B’ for General, DSIM, and DEPR. Candidates can go through the table below to understand the category-wise vacancy details:

RBI Grade B Vacancy 2023
Posts	UR	SC	ST	OBC	EWS	Vacancies
Officers in Grade ‘B’ (DR)–(General)	109	25	17	49	22	222
Officers in Grade ‘B’ (DR)–DEPR	14	04	06 (04)	11	03	38
Officers in Grade ‘B’ (DR)–DSIM	09	08 (05)	05 (05)	06	03	31
Total						291

The RBI Grade B Officer Salary

The following provides details of the RBI Grade B Salary:

• The RBI Grade B officer salary for the selected candidates will be ₹55,200/-.
• The RBI Grade B officer provides several benefits such as DA, HRA, conveyance allowance, bank loan facility, medical allowance, education allowance, leave fare concession and more.
• At the moment, the initial monthly gross emoluments is INR 1,08,404/-. (approx).

RBI Grade B 2023 Job Profile

The following provides details of the RBI Grade B job profile for the upcoming jobs and responsibilities:

• Candidates undergo a training period of 15 weeks after their selection as Grade B Officer in RBI,
• RBI Grade B probationary period is two years.
• Following the training period, candidates are assigned to various departments within the bank.

Candidates appearing for RBI Grade B Phase 1 must fulfil the following eligibility requirements to be eligible for the RBI Grade B exam:

Age Criteria

The RBI Grade B exam age limit is between 21 to 30 years.

Education Qualification

Education Qualification for Officers in Grade B (DR) – General

• A minimum of 60% (55 per cent in the case of SC/ST/PwBD) or an equivalent grade in the Bachelor’s degree, as well as the 12th (or Diploma or similar) and 10th Standard exams.
• For a Bachelor’s degree, the minimum qualifying percentage or equivalent grade should be calculated as an average of all semesters/years.

Education Qualification for Officers in Grade B (DR) – DEPR

• A Master’s Degree in Economics/Quantitative Economics/Econometrics/Mathematical Economics/Integrated Economics Course/Finance from a recognised Indian or Foreign University/Institute with a minimum of 55 per cent marks (50 per cent for SC, ST, and PwBD candidates) or an equivalent grade in aggregate of all semesters/ years is required.
• An extra prerequisite would be a doctorate in Economics, research or teaching experience in Economics, or publications in peer-reviewed journals.

Candidates appearing for the exam must submit the RBI Grade B application form with accurate information to avoid disqualification. Follow the below-mentioned steps to fill out the RBI Grade B online application form 2023 are as under:

• 1st Step: Login with the candidate’s registration number and password.
• 2nd Step: Fill up all the required details – personal, educational, and experience details, exam centre, the medium of the exam and more.
• 3rd Step: Upload the scanned images of the required documents.
• 4th Step: Now click on the “Final Submit” button.
• 5th Step: Click on the “Payment” tab to pay the application fee.
• 6th Step: Click on the “Submit” button and save a copy of the same for further reference.

To know the exam fee and other details, click on the following link: RBI Grade B application form

The RBI Grade B Examination 2023 was held at several locations nationwide. The following table contains information about the Exam Centers for the RBI Grade B Exam 2023:

Preliminary Exam Centers for RBI Grade B 2023:

State /UT	RBI Grade B Centre
Andaman & Nicobar	Port Blair
Arunachal Pradesh	Naharlagun city
Assam	Dibrugarh Guwahati Jorhat Silchar Tezpur
Bihar	Bhagalpur Darbhanga Muzaffarpur Patna
Chandigarh	Chandigarh- Mohali
Chhattisgarh	Raipur Bhilai Bilaspur (CG)
Daman & Diu	Rajkot
Goa	Panaji
Gujarat	Ahmedabad Anand Mehsana Gandhi Nagar Rajkot Surat Vadodara
Haryana	Ambala Hissar Kurukshetra Karnal
Himachal Pradesh	Hamirpur Solan Shimla
Jammu & Kashmir	Jammu
Ladakh	Leh

To access the complete list, check out the RBI Grade B exam centre.

Candidates must be aware of the exam pattern as it provides important details such as the exam duration, marking scheme and more. Go through the below table to know the expected exam pattern:

Particulars	Details
Name of the Exam	RBI Grade B Phase 1 exam
Type of Exam	Online ObjectiveTest
Sections of the Exam	English Language General AwarenessQuantitative Aptitude Reasoning
Total Time	120 Minutes
Maximum Marks	200 Marks

To know the marking scheme and other details, check out the RBI Grade B Phase 1 exam pattern.

The RBI Grade B Prelims 2024 consist of 200 questions providing a total of 200 marks. Each question in Phase I carries 1 mark. The exam paper is divided into 4 sections: English, Quantitative Aptitude, Reasoning, and General Awareness. With a clear knowledge of the syllabus, candidates can create a timetable and follow it religiously. This will help candidates complete their syllabus on time. 

Click on the below link to access the syllabus:
RBI Group B Phase 1 Syllabus

Candidates can follow the below-listed tips to improve their preparations:

• Know the Exam Pattern and Syllabus for RBI Grade B
• Study Section-by-Section for RBI Grade B Prelims
• Attempt Mock Tests
• Revision Regularly 
• Analyse Past Year Question Papers

To know more details on the preparation tips, click on the below link:
RBI Group B Phase 1 Preparation Tips

The authorities will release the RBI Grade B Exam admit card on their official website. Applicants must provide their registration number to download the admission cards. RBI Grade B Admit Card will include personal information and exam centre details such as the exam day, slot and time. It is mandatory for candidates to carry their admit cards to the exam centre.

To know the steps to download the admit card, refer to the link given below: RBI Grade B Phase 1 admit card 2024

RBI releases the provisional and final answer keys before declaring the result. Candidates can raise objections against the provisional answer key if they are unsatisfied with its answers. The authorities will release the final answer key after accepting all the objections. Candidates must note the authorities will not accept any objections/challenges after releasing the final answer key.

Click on the below link to learn the steps to access the answer key:
RBI Group B Phase 1 answer key

The authorities announced the RBI Grade B Phase 1 exam results on July 18, 2023. RBI separately announces results for both phases in the form of a PDF on the official website. The results provide the roll number of qualified candidates shortlisted for the next phase. To access the results, candidates must enter their Receipt Number and Date of Birth. Candidates who pass the RBI Grade B Phase I exam will be eligible to take the RBI Grade B Phase II exam.

• RBI Group B 2023 Phase 1 result (Declared)

The cut-off is the minimum required marks candidates need to secure to qualify for the exam. The authorities will release the RBI Group B Phase 1 2023 cut-off marks after the conclusion of the exams. To get an idea of the cut-off trends, candidates refer to the below listed previous years’ category-wise cut-off marks:

Section	General Awareness	Reasoning	English Language	Quantitative Aptitude	Total Score
General	16	12	6	6	66.75
EWS	16	12	6	6	66.75
OBC	12	9	4.5	4.5	63.75
SC	10.25	7.75	3.75	3.75	53.5
ST	10.25	7.75	3.75	3.75	52.75
PwBD (OH / HI / VH /MD)	10.25	7.75	3.75	3.75	52.75

To know the expected cut-off marks, click on the below link:
RBI Grade B Phase 1 Cut-off 2023

The following are the most frequently asked questions on the RBI Grade B Phase 1 exam:

Q1. What is the RBI Grade B Exam application fee?
Ans: The application fee for General and OBC applicants is INR 850/-, while the application fee for candidates from other categories is INR 100/-.

Q.2: Is the RBI Grade B Exam subject to negative marking?
Ans: In both the RBI Grade B Preliminary and Main examinations. For each incorrect answer, 0.25 marks will be deducted.

Q.3: What are the RBI Grade B Recruitment eligibility criteria for 2024?
Ans: Candidates or applicants must be at least 21 years old and have a Bachelor’s degree or equivalent.

Q.4: Will the RBI Grade B exam be conducted in both English and Hindi?
Ans: Except for the English portion, the RBI Grade B online test is bilingual, with sections available in both English and Hindi.

Q.5: How many RBI Grade B openings have been announced for 2023?
Ans: The total number of 291 openings for RBI Grade B have been published by the RBI for 2023.

We hope the above article has answered all your doubts and queries. Embibe wishes you good luck and all the best.

Stay tuned to Embibe for the latest RBI Group B Phase 1 2023 updates.