RBI Grade B Recruitment 2023: Check Dates, Vacancies, Salary & More

RBI Grade B Recruitment 2023: The Reserve Bank of India conducts the RBI Grade B Officer exam to select eligible candidates for the position of Grade B Officer in its various branches across the country. The RBI released the RBI Grade B official notification on their official website. The notification includes all the important details related to the RBI Grade B recruitment 2023, the number of vacancies, exam dates, and more.

*Steps to practice unlimited questions are given below.

The RBI Grade B 2023 selection process includes 3 Phases: Phase 1, Phase 2, and Interview (General). In the case of other posts like DSIM/DEPR, there shall be only one exam and directly an interview. Candidates need to clear all these phases of the selection process to get selected for the post of Grade B Officer in the RBI. Check out the article to know more about the dates, vacancies, eligibility, exam pattern, syllabus and other relevant details.

Latest Updates:
— RBI has issued the RBI Grade B (DR) result on July 18, 2023, with the list of shortlisted candidates for Phase 2.

RBI Grade B Recruitment 2023 Overview

Before getting into the details of RBI Recruitment 2023 for Grade B officers, let us have a look at the overview of the RBI Grade B examination mentioned below:

RBI Grade B Recruitment 2023 Dates

Candidates can check important dates of the RBI Grade B Exam as mentioned below:

How To Practice Questions on RBI Grade B Phase 1 Exam?

Know the steps to practice questions on the RBI Grade B Phase 1 exam below:

• 1st Step: Visit Embibe’s official website, i.e., embibe.com.
• 2nd Step: Use the mobile number/email to log in.
• 3rd Step: Click on the menu bar “Getting a Government Job.” 
• 4th Step: Select the Goal “Banking” from the dropdown and click “Next.”
• 5th Step: Search and select “RBI Grade B Phase – I” on the search bar and click “Next.”
• 6th Step: Select the preferred language and click on “Done.”
• 7th Step: Click on “Practice” from the header section.
• 8th Step: Scroll down to the “Subjects” section.
• 9th Step: Click on any RBI Grade B Phase – I subjects.
• 10th Step: Scroll down to click on the chapters from the selected subject to begin your practice.

RBI Grade B Vacancies 2023

The total number of vacancies for the 2023 recruitment cycle will be announced in the official notification. Until then, candidates can check the RBI Grade B vacancy for the 2022 recruitment cycle from the table below:

RBI Grade B Salary

Candidates selected for RBI Grade B will receive a basic pay of a Grade B Officer in RBI is ₹55,200/- p.m. Furthermore, the pay scale is ₹55200-2850 (9)-80850-EB-2850 (2)-86550-3300 (4)-99750 (16 years). Along with a monthly salary, candidates will get several perks and allowances. It includes Dearness, House Rent, Family, Travel and telephone allowances. The initial monthly gross emoluments are ₹83254/- (approx). The House Allowance of 15% of Basic Pay will be paid if the Bank does not provide accommodation.

RBI Grade B Eligibility Criteria

Candidates must ensure they fulfil all the RBI Grade B eligibility criteria. If there is any discrepancy in the candidate’s eligibility, the candidate will be disqualified, and they will not be called for the interview.

Nationality: Candidates must be either:

• A citizen of India, or
• A subject of Nepal, or
• A subject of Bhutan, or
• A Tibetan refugee who came over to India before January 1, 1962, with the intention of permanently settling in India, or
• A person of Indian origin who has migrated from Pakistan, Burma, Sri Lanka, East African countries of Kenya, Uganda, the United Republic of Tanzania, Zambia, Malawi, Zaire, Ethiopia and Vietnam with the intention of permanently settling in India.

Age Limit: Between 21 to 30 years.

Relaxation In Age Limit: The upper age prescribed below will be relaxed:

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

• A minimum of 60% marks (55% in case of SC/ST/PwBD) or an equivalent grade in a Bachelor’s degree as well as in 12th (or Diploma or equivalent) and 10th Standard examinations.
• The minimum qualifying percentage or an equivalent grade for the Bachelor’s degree should be an aggregate of all the semesters/ years.

Essential: A Master’s Degree in Economics/ Econometrics/ Quantitative Economics/ Mathematical Economics/ Integrated Economics Course/ Finance, with a minimum of 55% marks (50% for SC, ST and PwBD candidates) or an equivalent grade in aggregate of all semesters/ years from a recognized Indian or Foreign University/Institute.

Desirable: A Doctorate Degree in Economics, research or teaching experience in Economics, or publications in standard journals would be considered an additional qualification.

Education Qualification for Officers in Grade B DR – DSIM

• Master’s Degree in Statistics/ Mathematical Statistics/ Mathematical Economics/ Econometrics/ Statistics & Informatics from IIT-Kharagpur/ Applied Statistics & Informatics from IIT-Bombay with a minimum of 55% marks or equivalent grade in aggregate of all semesters/years; OR
• Master’s Degree in Mathematics with a minimum of 55% marks or an equivalent grade in aggregate of all semesters/years and a one-year postgraduate diploma in Statistics or related subjects from an institute of repute; OR
• M. Stat. Degree of Indian Statistical Institute with a minimum of 55% marks in aggregate of all semesters/years OR
• Post Graduate Diploma in Business Analytics (PGDBA) jointly offered by ISI Kolkata, IIT Kharagpur, and IIM Calcutta with a minimum of 55% marks or equivalent grade in aggregate of all semesters/years.

Number of Attempts

Candidates belonging to unreserved, i.e. General Category, who have already appeared Six times for Phase-I Examination for this post 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. Even the employees of RBI (Staff Candidates) can appear for this exam. The Bank separately stipulates the eligibility criteria for RBI Staff vide their circular.

RBI Recruitment for Grade B Officers – Important Documents

Here are some essential documents that a candidate needs to have before they start filling out the application form:

• The scanned Image should be of the following format as mentioned below:

• The Hand Written Declaration 
• Payment Details
• Personal Email ID and Mobile Number (must be active till the completion of the recruitment process)

Note that the board will not communicate with the candidates through any means other than Email/SMS.

RBI Grade B Recruitment: Key Points to Note Before Application Process

Candidates should keep the following key points in mind when filling out the application form:

• Candidates are required to fill in all the required details correctly.
• Candidates should upload all the required documents in the application form.
• Verify all the information and the uploaded documents before the Final Submit.
• Note that once candidates click on the “Final Submit” button, there is no possibility to make any changes. So, ensure that candidates fill in all the details correctly to avoid disqualification or rejection of the candidature.
• Click on the Payment tab to proceed with the RBI Grade B Application fee payment.
• Click on Submit button and take the printout of the RBI Grade B application form.

Note: There will be no refund of application fees if the RBI Grade B application form has been found invalid due to any mistake committed by the applicant.

RBI Grade B Recruitment – Registration Process

Before filling out the RBI Grade B Application Form, candidates are required to register themselves. Here is the process to register for RBI Grade B as mentioned below:

• 1st Step: Go to the official website of RBI, i.e. rbi.org.in
• 2nd Step: Under Opportunities, click on Current Vacancies and go to Vacancies.
• 3rd Step: Click on the ‘Online application form’.
• 4th Step: It will redirect to the online registration page.
• 5th Step: To register, click the link on the tab ‘Click Here for New Registration’.
• 6th Step: Enter Name, Contact details and Email-ID.
• 7th Step: A provisional registration number and password will be generated after submitting the above details.
• 8th Step: An email with the provisional registration number and password will also be sent.

RBI Grade B Application 2023

After the registration is over, candidates can fill out the application form in online mode. No other means or mode of sending the application form will be accepted. Check the following steps to fill application form mentioned below:

• 1st Step: Visit the official website of the Reserve Bank of India.
• 2nd Step: Click on the online application form for the post.
• 3rd Step: Now log in using the login and password generated during registration.
• 4th Step: Fill in all the details asked and upload all the required documents, such as the signature, photo, and handwritten declaration.
• 5th Step: Now submit the application fee per the candidate’s category.
• 6th Step: Take out the print of the RBI recruitment application form and fee payment receipt.

Note: Candidates need to apply online through the official website of RBI. In case the candidate wants to apply for both posts, i.e. Gr. B (DR) – General and Gr. B (DR) – DEPR / DSIM, then they must apply and pay the fees for both posts separately.

RBI Grade B Application Fee 2023

Candidates can make the payment of RBI Recruitment for Grade B Application Fee only through the online mode:

For payment of the application fee, candidates can use any one of the below-mentioned modes:

• Debit Cards (RuPay/Visa/MasterCard/Maestro)
• Credit Cards
• Internet Banking
• IMPS
• Cash Cards/ Mobile Wallets

Note: Please do not hit the refresh button while paying to avoid a double charge. After the payment, an e-receipt will be generated. Take the printout of that receipt. If the e-receipt is not generated, then it means that the payment has been unsuccessful.

RBI Grade B Recruitment Exam Centres

Allotment of the exam centre will be based on a ‘first-apply-first allot’ basis, so candidates can apply as soon as possible to get the exam centre of their choice. Once the capacity of a particular Centre is attained, the same will be frozen. No change in the exam centre will be made once allocated. There will be a separate exam centre for Phase 1 and Phase 2.

RBI Officer Grade B Exam Centers for Phase 1

There are over 147 exam centres present across the country for Phase 1. So all the candidates who will be appearing for Phase 1 will be allocated from any one of the below exam centres:

RBI Officer Grade B Exam Centers for Phase 2

RBI Grade B Selection Process

The Selection process for GR (DR) General, GR (DR) DEPR and GR (DR) DSIM includes written examinations and interviews. The written exam for GR (DR) General consists of 2 phases, and for GR (DR) DEPR and GR (DR) DSIM, the exams are conducted for 3 papers. One paper is a subject-specific objective paper, and two are descriptive. The details of the exam pattern and selection are explained below:

RBI Grade B Exam Pattern 2023

Let us look at the exam patterns for various RBI Grade B posts:

RBI Grade B (DR) – General Exam Pattern 2023

The RBI Grade B exam pattern for Grade B (DR)- General- PY 2023 are as follows:

Phase 1 will be a total of 200 marks. The examination will be conducted in multiple shifts depending upon the number of candidates. The time duration for Phase I is 2 hours. Candidates will be appearing in any one of the shifts depending upon the shift allotted by the board.

Candidates must secure minimum marks in Phase I to be selected for Phase II. The board will decide the minimum aggregate cutoff marks.

RBI Grade B Phase 2

Candidates qualified in Phase 1 will be called for Phase 2. In phase 2, candidates are required to appear for all the shifts. A separate admission letter will be allotted for each shift. The time duration for each paper is 90 minutes. The timetable for the three papers will be mentioned in the admit card.

RBI Grade B Interview

Based on the total aggregate marks scored in Phase 2 (Paper 1, 2 and 3), candidates will be shortlisted for the interview process. The total mark allotted for the interview process is 50. To appear for an interview, candidates will be given the option of two languages Hindi and English. After the interview, the authorities will issue a merit list of selected candidates.

RBI Grade B (DR)-DEPR Exam Pattern 2023

The RBI Grade B (DR)-DEPR Officer oversees economic analysis and research. Also, contribute to policy formulation apart from the compilation of data. The selection of candidates is based on Online/Written examinations and interviews. There are three papers for the examination where Paper I is an objective type, and Paper II, and III are descriptive types. The Paper II and III examinations will be conducted for the candidates shortlisted based on the results of Paper I. Check the following Exam Pattern as mentioned below:

RBI Grade B (DR)-DSIM Exam Pattern 2023

The RBI Grade B (DR) DSIM officer primarily takes the following job responsibilities as mentioned below:

• Undertakes collection, compilation, analysis and interpretation of data on banking, corporate and external sectors.
• Modelling and forecasting of inflation, growth and other important macroeconomic indicators
• Analytical studies involving statistical/econometric models in the operational areas of interest to the Reserve Bank
• Planning, designing and organizing sample surveys
• Maintaining a technology-driven centralized reporting system and Data warehouse for information management /dissemination
• Development of methodology for the measurement and estimation of variables and improvement of the database of various sectors of the economy.

The selection will be through an Online/written exam and interview. There are three papers for the examination. Candidates will be given 120 marks for Paper I. Candidates securing aggregate marks in Paper I will be shortlisted for Paper II and Paper III. The board decides the minimum marks cut-off marks based of the number of vacancies. Candidates are required to appear for all shifts. Check the exam pattern for GR (DR) DSIM mentioned below:

RBI Grade B Syllabus

Candidates must know the RBI Grade B syllabus while preparing for the exam. This will allow candidates to make an effective study plan and preparation strategy. Moreover, the syllabus will ensure that candidates do not miss out on any important topics that can hinder their preparation.

RBI Grade B Recruitment Admit Card 2023

Aspirants who have successfully applied for the examination can download the admit card from the official website. The RBI will release RBI Grade B admit card 2023 for Phase 1 and 2 separately. The admit card will be sent to the registered mail addresses of the selected candidates. RBI admit card is a mandatory document and must be carried to the exam hall.

RBI Grade B Recruitment Answer Key 2023

The RBI will release the answer key after the completion of the examination. Candidates can download the answer key from the official website after it is officially released. Check the following steps to download the answer key as mentioned below:

• 1st Step: Go to the official website of the Reserve Bank of India.
• 2nd Step: Click on the link RBI Grade B 2023 Answer Key appearing on the homepage.
• 3rd Step: A login page will appear. Enter the roll number/ registration number/ date of birth/ password to download the answer key.
• 4th Step: Download the answer key and save it for future reference.

RBI Grade B Recruitment Result 2023

RBI releases the RBI Grade B result after the completion of the exams via the official website. The final merit list will be declared based on the marks scored in Phase II and the interview. Candidates can check the following steps to download the results mentioned below:

• 1st Step: Visit the official website of RBI at www.rbi.org.in.
• 2nd Step: Click on the link ‘Opportunity@RBI’ to download the result.
• 3rd Step: After that, select the tab of ‘Current Vacancies’ and then click on the link of ‘Results of RBI Grade B’.
• 4th Step: A list of the latest result will be displayed on the screen.
• 5th Step: Then, enter the roll number and download the result.
• 6th Step: After that, take out the print for future reference.

RBI Grade B Recruitment Cut-off 2023

To clear the exam, the candidate must score the cut-off marks as decided by the board. The cut-off is based on the number of vacancies, candidates appearing for the exam, and difficulty level of the exam. The cut-off for the RBI Grade B exam will be released after each phase is completed. For now, candidates can check the previous year’s cut-off below:

FAQs on RBI Grade B Recruitment 2023

The frequently asked questions on RBI Grade B Recruitment are given below:

Also, Check the following:

We hope we have provided complete information on RBI Grade B recruitment.

Stay tuned at Embibe to get the latest updates about the RBI Officer Grade B exam.