RBI Grade B 2024 Notification Out !!! , Apply Now !

RBI Grade B 2024: The Reserve Bank of India has released the job notification for the Officer in Grade B (DR) – General, DEPR, DSIM post. There are 94 openings for these posts. Candidates with the qualification of Any Degree/B.E/B.Tech/MA/M.Sc/PGDM/MBA/PGDBA/Ph.D/M.Phil can apply for these posts. Interested and eligible candidates can apply online from 25 July to 16 August 2024. The detailed eligibility and application process are explained below. Interested candidates can also try SSC CHTE Recruitment

RBI Grade B Jobs

Reserve Bank of India has advertised for Officer in Grade B (DR) – General, DEPR, DSIM posts. This new vacancy from RBI Grade B is for freshers candidates. If you want to know more details regarding the job, like salary, age, mode of application, examination, selection, application fee, important dates, and job location, you can find them below. You can check the official notification below if you still have any doubts. The selection process will be based on Examination. The age limit for these posts is 21 – 30 years. Candidates are offered a monthly salary of Rs. 55,200 – 99,750/-month. Candidates with requisite qualifications from recognized universities/boards/institutions must only apply. Interested and eligible candidates can apply online from 25 July to 16 August 2024. For more details, visit https://www.rbi.org.in/

Before applying, candidates should ensure that they fulfil the eligibility criteria for the advertised posts. Reserve Bank of India Services Board, hereinafter referred to as the ‘Board’, would admit to the Examinations all the candidates applying for the post with the requisite Fee/Intimation Charges (wherever applicable) based on the information furnished in the ONLINE application and shall determine their eligibility only at the final stage i.e. Interview stage.

Reserve Bank of India (RBI):

Reserve Bank of India was established in the year 1935 by the Indian government; now RBI was permanently moved to Mumbai before that RBI was located at Calcutta. RBI has 27 regional offices and four sub-office most of them, are in state capitals. The primary function of RBI is Regulator and supervisor of the financial system, Monetary Authority, Issuer of currency, Manager of Foreign Exchange, Regulator and Supervisor of Payment and Settlement Systems and related functions.

RBI Grade B 2024 – Overview

Job Role	Officer in Grade B (DR) – General, DEPR, DSIM
Job Category	Bank Jobs
Qualification	Any Degree/B.E/B.Tech/MA/M.Sc/PGDM/MBA/PGDBA/Ph.D/M.Phil
Experience	Freshers/Experienced
Salary	Rs. 55,200 – 99,750/-
Total Vacancies	94 Posts
Job Location	Across India
Starting Application Date	25 July 2024
Last Date	16 August 2024

Detailed Eligibility – RBI Grade B Vacancy:

Educational Qualification:

Officers in Grade ‘B’ (DR) – (General):

• Graduation in any discipline /Equivalent technical or professional qualification with minimum 60% marks (50% for SC/ST/PwBD applicants) or Post-Graduation in any discipline / Equivalent technical or professional qualification with minimum 55% marks (pass marks for SC/ST/PwBD applicants) in aggregate of all semesters / years. OR
• Post-Graduation Level Any such course from a recognised University / Institute that is taken after Graduation and is at least of 2 years’ duration / recognised by the Government as equivalent to professional or technical Post-graduation will be eligible for admission to the examination, subject to obtaining minimum marks prescribed above.

Officers in Grade ‘B’ (DR)- Department of Economic and Policy Research (DEPR)

• A Master’s Degree in Economics (or any other master’s degree where “Economics” is the principal constituent* of the curriculum/syllabus, namely MA / MSc in Quantitative Economics, Mathematical Economics, Financial Economics, Business Economics, Agricultural Economics, Industrial Economics) OR
• A Master’s Degree in Finance (or any other master’s degree where “Finance” is the principal constituent* of the curriculum / syllabus, namely MA / MSc in Quantitative Finance, Mathematical Finance, Quantitative Techniques, International Finance, Business Finance, Banking and Trade Finance, International and Trade Finance, Project and Infrastructure Finance, Agri Business Finance) OR
• Desirable: A Doctorate Degree in Economics, or research or teaching experience in economics, or publication in the field/area of Economics in standard journals

Note:

• Minimum 55 per cent marks or an equivalent grade is required in aggregate of all semesters/years from a recognized Indian or Foreign University / Institute.
• For SC, ST and PwBD candidates, the minimum marks required in Master’s Degree as in items (a) and (b) above is 50% marks or an equivalent grade in aggregate of all semesters/years
• Candidates having M.PhiI Degree and Doctorate Degree from a recognized Indian / Foreign University / Institute in economics will be eligible for relaxation in the upper age limit by 2 years and 4 years respectively.
• Candidates having Master’s Degree with research/teaching experience at a recognized Indian / Foreign University / Institute in Economics will be eligible for relaxation in upper age limit to the extent of number of years of such experience subject to a maximum of three years. For experience, probationary period will not be reckoned

Officers in Grade ‘B’ (DR)- Department of Statistics and Information Management (DSIM)

• A Master’s Degree in Statistics/ Mathematical Statistics/ Mathematical Economics/ Econometrics/ Statistics & Informatics/ Applied Statistics & Informatics 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 one year post graduate diploma in Statistics or related subjects from an Institute of repute; OR
• Master’s Degree in Data Science/ Artificial Intelligence/ Machine Learning/ Big Data Analytics, with a minimum of 55% marks or equivalent grade in aggregate of all semesters/ years from a recognized University/ Institute, an institute of national importance, UGC/ AICTE approved programme; OR
• Four-year Bachelor’s Degree with a minimum of 60% marks or equivalent grade in aggregate of all semesters/ years in Data Science/ AI/ ML/ Big Data Analytics from a recognized University/ Institute, an institute of national importance, UGC/ AICTE approved programme; OR
• Two years Post Graduate Diploma in Business Analytics (PGDBA) with a minimum of 55% marks or equivalent grade in aggregate of all semesters/years from a recognized University/ Institute, an institute of national importance, UGC/ AICTE approved programme.
• Desirable: Candidates with a Doctorate in topics related to above subjects will be given preference and Research or teaching experience and publication in standard journals will be considered as an additional qualification.

Note:

• Candidates possessing M.Phil. and Ph.D qualification in the specified subjects will be eligible for relaxation in upper age limit by 2 years and 4 years respectively.
• Candidates with research/teaching experience at a recognized Indian / Foreign University/Institute will be eligible for relaxation in upper age limit to the extent of number of years of such experience subject to a maximum of three years. For experience, probationary period will not be reckoned.

Age Limit (As on 01 July 2024):

• A candidate must have attained the age of 21 years and must not have attained the age of 30 years i.e., he/she must have been born not earlier than July 02, 1994 and not later than July 01, 2003.

Age Relaxation:

• Five years for candidates belonging to a Scheduled Caste or a Scheduled Tribe,
• Three years in the case of candidates belonging to Other Backward Classes
• Five years for ex-employees of banking institutions whose services had to be terminated for reasons of economy or because of bank going into liquidation and personnel retrenched from Government Offices after at least one year’s service and currently registered with Employment Exchange
• Five years in the case of ex-servicemen including Commissioned Officers and Emergency Commissioned Officers (ECOs)/Short Service Commissioned Officers (SSCOs) who have rendered at least five years Military Service as on July 01, 2024 and have been released.
• Five years in the case of ECOs/SSCOs who have completed an initial period of assignment of five years of Military Service as on July 01, 2024 and whose assignment has been extended beyond five years and in whose case the Ministry of Defence issues a certificate that they can apply for civil employment and that they will be released on three months’ notice on selection from the date of receipt of offer of appointment
• Ten years in the case of Gen/ EWSs PwBD candidates. For SC/ST PwBD candidates up to a maximum of 15 years and for OBC PwBD candidates up to a maximum of 13 years, subject to reservation of vacancies under the respective post. Relaxation in upper age limit for PwBD will be subject to the posts having been identified suitable for such disabilities.
• For candidates possessing M.Phil. and Ph.D. qualification, upper age limit will be 32 and 34 years respectively

Salary:

• Selected candidates will draw a starting basic pay of Rs. 55,200/-p.m. in the
• Pay scale of Rs. 55200- 2850(9)-80850-EB-2850 (2) – 86550-3300(4)-99750 (16 years) applicable to Officers in 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. 1,22,717/- (approximately). The House Rent Allowance of 15% of Pay will be paid, if accommodation is not provided by the Bank.

No of Vacancies: 94 Posts

• Officers in Grade ‘B’ (DR) – (General): 66 posts (UR – 27, SC – 10, ST – 4, OBC – 19, EWS – 9)
• Officers in Grade ‘B’ (DR) – DEPR: 21  posts (UR – 8, SC – 01, ST – 6, OBC – 5, EWS – 1)
• Officers in Grade ‘B’ (DR) – DSIM: 07 posts (UR – 2, SC – 1, ST – 4)

The National Bank for Financing Infrastructure and Development (NaBFID) is Hiring – Apply Now !!!

Selection Process of RBI Grade B Vacancy:

OFFICERS IN GR ‘B’ (DR) – GENERAL:

• Selection will be through ONLINE examinations and Interview.
• Examinations will be held in two phase

Phase-I Online Examination (Objective Type)

• This will comprise a single Paper for 200 marks and will be held on September 08, 2024.
• A total time of 120 minutes will be given for answering.
• However, separate time will be allotted for each test.
• Candidates have to secure minimum marks separately for each test as well as in aggregate, as may be prescribed by the Board.
• Candidates, who secure minimum marks separately for each Test, as prescribed, will be shortlisted for 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.
• Roll Number of the candidates shortlisted for Phase-II examination will be published on the RBI website, tentatively within a week after Phase-I examination.

Topics

General Awareness

Quantitative Aptitude

English Language

Reasoning

Total

Phase-II Online Examination:

• The Phase-II Online Examination will be conducted on October 19, 2024 only for the candidates who are shortlisted on the basis of results of Phase-I and based on the cut-off decided by the Board
• For both Paper-I and Paper-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 varying 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 Phases, except the test of English) will be set bilingually in Hindi and English.

Topics	Type of Paper	Marks	Duration
Paper-I: Economic and Social Issues	50% Objective Type	50	30 Minutes
	50% Descriptive Type, answers to be typed with the help of the keyboard. Candidates opting to type the answers in Hindi, may type with the help of either: (i) Inscript or (ii) Remington (GAIL) keyboards layout.	50	90 Minutes
Paper-II: English (Writing Skills)	Descriptive, to be typed with the help of the keyboard	100	90 Minutes
Paper-III: General Finance and Management	50% Objective Type	50	30 Minutes
	50% Descriptive Type, answers to be typed with the help of the keyboard. Candidates opting to type the answers in Hindi, may type with the help of either: (i) Inscript or (ii) Remington (GAIL) keyboards layout.	50	90 Minutes

Interview:

• Candidates will be shortlisted for the 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 Numbers of the candidates shortlisted for the 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.
• Candidate may opt for Interview either in Hindi or English.
• Final selection will be through 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.

OFFICERS IN GR. ‘B’ (DR) – DEPR /DSIM:

• Selection will be through Online/ Written Examination (WE) and Interview.
• There are 4 papers for the Examination.
• In Phase – I of the examination, there will be Paper – I Objective Type (on Economics) and PaperII Descriptive Type (On English).
• In Phase – II, there will be Paper – I Descriptive Type (on Economics) and Paper – II Descriptive Type (on Economics).
• Candidates, who secure minimum aggregate marks in Paper-I & II of Phase – I, as prescribed, will be shortlisted for Phase-II of the examination.
• 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.

Phase	Name of Paper	Duration	Maximum Marks
Phase – I	Paper – I: Objective Type (on Economics)	120 minutes	100
	Paper – II : English – Descriptive (To be typed with help of keyboard)	120 minutes	100
Phase – II	Paper – I : Descriptive Type (on Economics) (Question paper displayed on computer, answers to be written on paper	120 minutes	100
	Paper – II : Descriptive Type (on Economics) (Question paper displayed on computer, answers to be written on paper)	120 minutes	100

Phase-II: Paper-I/ Paper II – Descriptive Type (on Economics) Written Examination (WE) 

• The Phase-II: Paper-I/ Paper-II Descriptive Type (on Economics) will be conducted on October 26, 2024 only for the candidates who are shortlisted on the basis of results of Phase-I.
• The Phase-I: Paper-I/Paper-II and the Phase-II: Paper-I / Paper-II Descriptive Type (on Economics) examination will be in shifts.
• Question papers for ‘WE’ will be set in Hindi and in English (except Paper-II on English).
• Answers for Phase II: Paper-I / Paper II Descriptive Type (on Economics) may be written either in Hindi or English.
• The Phase-I: Paper-II will have to be answered in English only.
• Candidates may opt for Interview in Hindi or English.
• The number of candidates to be called for Interview will be decided by the Board.
• Final selection will be on the basis of performance in the ‘Online / WE’ in Phase-I (Paper – I and Paper – II), Phase-II (Paper – I and Paper – II) and Interview taken together.
• Interview will be of 75 marks. Candidate may opt for Interview either in Hindi or English
• Candidate shall be required to undergo Personality Assessment conducted by the Bank before appearing for the Interview.

Application fee:

• For GEN/OBC/EWSs – Rs.850/- + 18% GST (Application fee including intimation charges)
• For SC/ST/PwBD – Rs. 100 + 18% GST (Intimation Charges only)

Payment Mode: Debit Cards (RuPay/Visa/MasterCard/Maestro), Credit Cards, Internet Banking, IMPS, Cash Cards/ Mobile Wallets, UPI

How to Apply for RBI Grade B 2024?

All interested and eligible candidates can apply online from 25 July to 16 August 2024 (6 PM)

For more details: Click here

To Apply: Click here

Important Dates of RBI Grade B Vacancy:

Website Link Open for Online Registration of Applications and Payment of Application Fees/Intimation Charges		July 25 to August 16, 2024 (till 06:00 PM)
Officers in Grade ‘B’ (DR)-General	Phase-I Online Examination	September 08, 2024
	Phase-II : Paper-I, II & III Online Examination	October 19, 2024
Officers in Grade ‘B’ (DR) – DEPR	Phase-I : Paper-I & II Online Examination	September 14, 2024
	Phase-II : Paper-I & II Written Examination	October 26, 2024
Officers in Grade ‘B’ (DR) – DSIM	Phase-I : Paper-I Online Examination	September 14, 2024
	Phase-II : Paper-II & III Online / Written Examination	October 26, 2024