RBI Grade B 2024 Recruitment: Notification, Vacancies, Eligibility

The Reserve Bank of India (RBI) invites online applications every year for recruitment of eligible Indian citizens across various RBI Grade B 2024 posts like Managers, Deputy Managers, Assistant Managers.

The RBI Grade B exam is highly sought-after among aspirants seeking reputed government job openings offering good work-life balance, flexible transfers and accelerated career growth channels.

This article comprehensively covers all key details regarding RBI Grade B recruitment 2024 like vacancies, eligibility criteria, selection process, exam pattern, syllabus, salary package among other aspects.

RBI Grade B Exam 2024 Notification and Dates

Here are the important RBI Grade B 2024 exam dates starting from notification release:

  • Prelims Notification Release: 3rd week March 2024
  • Mains Notification Release: May 2024
  • Online Application Opening Date: April 2024
  • Closing of Online Applications: May 2024
  • Exam Dates: June-July 2024

The official RBI website provides regular updates regarding the exact exam dates, application window as per annual recruitment schedule.

Number of Vacancies Across RBI Grade B Posts

Here is the category-wise breakup of total tentative RBI vacancies for Grade B posts:

  • Total Vacancies – 300+ seats
  • Posts – General, Managers (Tech), Legal, HR, Finance/Accounts
  • UR Category – 130+
  • OBC – 50+
  • SC – 45+
  • ST – 20+
  • EWS – Suitable reservations
  • PWD Vacancies – Suitable reservations

Candidates can expect similar vacancy projections for 2024 recruitment also. The final vacancies tally varies as per RBI requirements.

Eligibility Criteria for RBI Grade B Posts

The essential RBI eligibility criteria that candidates must fulfill are:

Nationality and Age Limit

  • Only Indian citizens are eligible
  • The age range is 21-30 years for Grade B posts

Educational Qualification

Bachelor’s degree with minimum 60% marks (55% for reserved category)

Specialized relevant degrees mandatory for Manager Technical, Law, HR, Finance/Accounts posts.

Work Experience

Relevant work experience needed for specialized posts – Legal (3+ years), Tech and Finance (1 year).

Interested candidates must ensure they meet all eligibility parameters before applying.

Exam Pattern for RBI Grade B Officer

The RBI Grade B selection process consists of three phases:

1. Phase I – Prelims Exam

Test No. of Qs Maximum Marks
General Awareness 40 40
English Language 30 30
Quantitative Aptitude 30 30
Reasoning Ability 30 30
Total 130 130

 

  • Duration: 120 minutes composite time
  • Objective MCQ Format
  • Sectional cut-offs and overall qualifying marks

2. Phase II – Mains Exam

Test No. of Questions Maximum Marks
Paper I (Finance) 65 + 5 Descriptive 100
Paper II (English) 90 + 5 Descriptive 100
Paper III (Eco) 65 + 5 Descriptive 100
Paper IV (DSIM) 65 + 5 Descriptive 100

 

  • Duration: 180 minutes per paper
  • Negative marking for objective questions

3. Interview Round

  • For candidates who qualify for mains exam
  • Final selection done based on merit

Detailed Exam Syllabus for RBI Grade B

Having thorough clarity on the latest syllabus enables more efficient exam preparation.

Prelims Syllabus

  • General awareness: Current Affairs – Financial, Economic, National & International
  • English: Reading Comprehension, Cloze Test, Error Detection
  • Quantitative Aptitude – Percentages, Ratio & Proportion, Mixtures & Allegations
  • Reasoning – Puzzle, Syllogism, Input-Output, Coding-Decoding, Inequalities

Mains Syllabus

  • Specialized stream papers testing core domain concepts
  • Economics: Micro & Macro concepts, Policy, Budget, Industries, Markets

So candidates are tested on quantitative aptitude, logical reasoning, communication skills, economics, niche specialization.

RBI Grade B Officer Salary & Perks

Besides job security as a RBI government employee, the Grade B pay scale is quite attractive with additional benefits:

  • Starting Basic Salary – Rs. 35150/- per month approx
  • Total Salary – Rs. 70000 per month including allowances
  • Grade Benefits
    • Higher increments and accelerated promotions
    • Housing and medical facilities
    • Children’s education assistance
    • Furniture allowance
    • Reimbursements on phone, car, electricity bills

Therefore, besides decent salary, the job provides excellent work exposure helping candidates professionally.

How to Apply Online for RBI Grade B Vacancy

Eligible Indian citizens can submit their application through online registration process:

  • Step 1) Visit Official RBI careers page
  • Step 2) Search for Ongoing “RBI Grade B Notification”
  • Step 3) Click on “Apply Online” link
  • Step 4) Register on Portal with Personal and Contact Details
  • Step 5) Carefully fill the Complete Application Form
  • Step 6) Upload Documents, Pay Application Fee & Submit
  • Step 7) Save and Take Printout of Final Submitted Form

It is important for interested candidates to ensure successful submission of application before last date.

Top Online Preparation Tips for RBI Grade B

Useful online preparation strategies for RBI Grade B exam:

  • Take online mocks to assess preparation levels
  • Attempt topic-wise online tests to improve speed, accuracy
  • Refer multiple online study materials, videos for current affairs
  • Practice previous years papers from online test series
  • Read latest financial news, policy matters from digital mediums
  • Appear for full-length mock tests to gauge exam readiness
  • Work on time management while attempting online question papers

The exponential growth of online content makes it easier for aspirants across locations to prepare for this exam.

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FAQs

How many attempts allowed in RBI Grade B exam?

General candidates can attempt maximum 4 times for RBI Grade B post. Relaxation provided in attempt limits for reserved categories.

What is the application fee amount?

The application fees is Rs.850 for General/EWS and Rs.100 for SC/ST/PWD candidates. Fee payment only through online methods.

When is RBI Grade B mains exam conducted?

The RBI Grade B mains exam is conducted within a month from declaration of prelims result for candidates who qualify the cutoff scores.

Which graduation streams qualify for Finance post?

CA, MBA (Finance), CFA, ICWA, Post Graduation in Commerce/Statistics/ Economics degrees qualify for Finance post.

What documents I need to carry on exam day?

Carry print out of admit card, photo ID proof like Aadhar/PAN/Passport and photocopy of category certificate for verification.

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