RBI GRADE B 2017 recent information RBI updated November 19, 2017

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Last modified:19-11-2017

Get to know all information you need on RBI Grade B Officers Exam here. RBI Grade B Recruitment is done once in every year. RBI Grade B notification is usually released in the second quarter of every year. For details on Official Notification, Exam Dates, Syllabus, Exam Pattern, Results of the Exam, etc., follow the article. We oblige to give you instant updates.

RBI Grade B

RBI follows a separate recruitment process for recruiting staffs for job vacancies in RBI, and recruitment is not done by any external firm. RBI follows the pattern of recruitment different from other banking sectors and the process also differs based on the job level. RBI Grade B falls under Class I of the hierarchical structure and recruitment for this job position will be done once in every year. RBI Grade B recruitment is done for three of its posts i.e. General, Department of Economics and Policy Research (DEPR), and Department of Statistics and Information Management (DSIM). The openings for RBI Grade B will be around 150-165. The candidates clearing the recruitment process will be placed in top most cities anywhere in India. The probation period is around 2 years which may extend up to 4 years based on the performance.

RBI Grade B - Notification

RBI releases the notification for its recruitment in Grade B officer posts in the May month every year. The notification provides with details on online application, eligibility, vacancy details, etc. The table below gives outline on important dates to be notified by the candidates, also, check RBI Assistant Exam Date for other details.
Post/Cadre Events Tentative Dates
Officers in Grade B (DR) - General Opening of Online Application May 03, 2017
Last Date for Closing/Editing Online Application May 23, 2017
Last Date for Payment of Fees May 23, 2017
Phase I* - (Online) June 17, 2017
Phase II# (Paper I, II, and III) - (Online/Written) July 7, 2017
Officers in Grade B (DR) - (DEPR and DSIM) Opening of Online Application May 05, 2017
Last Date for Closing/Editing Online Application May 23, 2017
Last Date for Payment of Fees May 23, 2017
Paper I* (Online) June 17, 2017
Paper II and III# (Online/Written) July 6 and/or 7, 2017
Final Interview Dates will be specified by RBI

*Candidate will have to appear in only one shift of Phase-I examination.
#Candidate will have to appear in all the shifts of Phase-II examination.

RBI Grade B - Eligibility

RBI fix the eligibility criteria for the posts based on the roles and functions related to the job position and also preferred experience or certain stream of study. Check here for the eligibility criteria laid by RBI for RBI Grade B Exam.

Nationality:

A candidate 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 1st January, 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:

  • Between 21 and 30 years (candidates must have been born not earlier than 02/07/1986 and not later than 01/07/1995).
  • Candidates possessing M.Phil. and Ph.D. qualification, upper age limit will be 32 and 34 years, respectively.
  • Candidates having experience as an officer in Commercial Bank/Financial Institution in Public Sector as also prior experience in Reserve Bank of India, relaxation up to three years is given.

Educational Qualification:

The Educational Qualification for each post varies. Find below the basic qualification laid by RBI.
Post Minimum Educational Qualification
Grade B - General
  • A minimum of 60% marks (50% in case of SC/ST/PWD) or an equivalent grade in 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 will be in aggregate for all semesters/years
Grade B  - DEPR
  • 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 in aggregate of all semesters /years from a recognized Indian or Foreign University /Institute.
  • SC, ST, and PWD candidates having second class with a minimum of 50% marks or equivalent grade in aggregate of all semesters/years in Master's Degree examination or equivalent recognized qualifications are eligible to apply.
  • Desirable: A Doctorate Degree in Economics or research or teaching experience in Economics or publications in standard journals would be considered as an additional qualification.
 *Age relaxation is given based on specific qualification.
Grade B - DSIM
  • A 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 one year post graduate 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.
  1. For SC, ST, and PWD candidates, the minimum marks required in Master's Degree as in items a, b, c, and d above is 50% or an equivalent grade in aggregate of all semesters/ years.
  2. Candidates with a Doctorate in topics related to above subjects will be given preference. (ii) Research or teaching experience and publication in standard journals will be considered as an additional qualification.
 *Age relaxation is given based on specific qualification.

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/PWD, if the posts are reserved for them.
The relaxation on upper age-limit based on educational qualification and other special cases, prescribed by RBI, is detailed in RBI Notification.

RBI Grade B - Vacancy details

RBI releases the number of vacancies to be filled along with the official notification. The vacancy details and number of vacancies in each category is given below:
Post Number of Vacancies
Unreserved i.e., General (GEN/UR) Other Backward Classes (OBC)# Scheduled Castes (SC) Scheduled Tribes (ST) TOTAL
Grade B - General 73 39 22 11 145
Grade B - DEPR 09 03 00 00 12
Grade B - DSIM 01 00 01 02* 4

*Backlog vacancy
  • Candidates belonging to OBC category but coming in the 'Creamy Layer' are not entitled to OBC reservation. They should indicate their category as 'General (GEN)’.
  • Out of 145 vacancies mentioned above 1 vacancy is reserved for candidates with Visual Impairment (VI) and 3 vacancies are reserved for candidates with Hearing Impairment (HI).
  • No backlog vacancies are available for OH category. However, PWD candidates belonging to any of the three categories of the disability may apply for these posts, subject to their suitability for these posts. Persons with Disability may belong to any category - GEN/SC/ST/OBC.

RBI Grade B - Salary Structure

Pay Scale: 

  • Selected Candidates will draw a starting basic pay of Rs. 35,150/- p.m.
  • They will also be eligible for Dearness Allowance, Local allowance, House Rent Allowance, Family allowance, and Grade Allowance as per rules in force from time to time.
  • At present, initial monthly Gross emoluments are approximately Rs. 67,933/- (approx.).

Seniority:

Candidates selected from separate recruitments for the post of Officer in Gr. B for General, DEPR, and DSIM streams will join the Common Seniority Group and the seniority among these Officers will be fixed according to the ranking worked out by using the standard percentile score of aggregate marks of selected candidates.

Perquisites:

  • Bank’s accommodation subject to availability, reimbursement of expenses for maintenance of vehicle for official purpose, newspaper, telephone charges, book grant, allowance for furnishing of residence, etc. as per eligibility.
  • Free dispensary facility besides reimbursement of medical expenses for OPD treatment/hospitalization as per eligibility.
  • Interest-free festival advance, Leave Fare Concession (once in two years for self, spouse and eligible dependents).
  • Loans and Advances at concessional rates of interest for Housing, Car, Education, Consumer Articles, Personal Computer, etc. Selected candidates will be governed by 'the defined contribution New Pension Scheme (NPS)', in addition to the benefit of Gratuity.

RBI Grade B - Application Fees and Intimation charges

Application Fees for the Grade B Exam is given below
  • General/OBC: Rs.850/- (Application fee including intimation charges)
  • SC/ST/PWD: Rs.100/- (Intimation Charges only)
  • Staff: Nil (Fee/Intimation charges waiver is only for those employees of RBI (Staff Candidates) who satisfy the eligibility criteria)
Applications without the prescribed Fee/Intimation Charges shall be summarily rejected. Fee once paid shall not be refunded under any circumstances nor can the fee be held in reserve for any other examination or selection. Fee/Intimation Charges are required to be paid only in the manner prescribed in the notification.

RBI Grade B - How to Apply

RBI releases the application for RBI Grade B along with the notification. Candidates can apply in Online mode only, no other modes of application is accepted. Candidates can Apply for the exam on release of the application form. The Online Applications can be filled up to May 23, 2017, till 12:00 midnight. Candidates before applying for the Exam are asked to read through the official notification to check on the eligibility details, guidelines to apply, and should have
  • Scanned copy of their Photograph and Signature
  • Valid e-mail ID which is active
  • All necessary documents and details for filling the form and online payment
Find below for the basic steps for registration.
  • To register application, choose the tab "Click here for New Registration" and enter Name, Contact details and Email-id. A Provisional Registration Number and Password will be generated by the system and displayed on the screen. Candidate should note down the Provisional Registration Number and Password. An Email & SMS indicating the Provisional Registration number and Password will also be sent.
  • Candidates are advised to use "SAVE AND NEXT," in case candidate is unable to complete the application in one go.
  • The name of the candidate or his/her Father/Husband etc. should be spelled correctly in the application as it appears in the Certificates/identity proof/Mark sheets. Any change/alteration found may disqualify the candidature.
  • Validate your details and Save your application by clicking the 'Validate your details' and 'Save & Next' button.
  • On completion of filling up all the necessary field, Candidates can proceed to upload Photo & Signature as per the specifications.
  • Candidates can use Preview Tab and verify the entire application before Final Submission.
  • Modifications or Changes can be made in the Application Form only before FINAL Submit. Candidates on FINAL Submission are directed to 'Payment' tab.
  • Click on 'Payment' Tab and proceed for payment.
  • The payment can be made by using Debit Cards (RuPay/Visa/MasterCard/Maestro), Credit Cards, Internet Banking, IMPS, Cash Cards/ Mobile Wallets.
  • On successful completion of the transaction, an e-Receipt will be generated. Non-generation of 'E-Receipt' indicates PAYMENT FAILURE. On failure of payment, Candidates are advised to log in again using their Provisional Registration Number and Password and repeat the process of payment.
  • Candidates are required to take a printout of the e-Receipt and online Application Form. Please note that if the same cannot be generated, online transaction may not have been successful.
  • There is facility to print application form containing fee details after payment of fees.

Exam Pattern

RBI follows different pattern of recruitment for all three of its Grade B position. RBI Grade B (General) position will have three phase recruitment, while Grade B - DEPR and Grade B - DSIM will have a two phase process. RBI Grade B (General) will have first stage of screening process; Grade B - DEPR and DSIM will not have the basic screening process. Check RBI Assistant Exam Pattern on a detailed pattern for each Post and Exam. Also, check RBI Assisatant Syllabus for detailed syllabus.

Admit Card

Candidates can download their Admit Card by entering their Registration Number and Date of Birth/Password. Candidates are asked to take a printout of the Admit card and carry it to the Exam venue. For more details on admit card/call letter, check RBI Assistant Admit Card.

For more details on RBI Grade B Exams, follow Fresherslive. Good luck on your endeavors.
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