RBI Grade-B 

General Information 

Reserve Bank of India (RBI) is the central bank of India, which controls the monetary policy of India as well as it is the apex bank of all the other public and private sector banks of India. To make all of this possible, it needs capable professionals who can handle the complexities, challenges and responsibilities of the job that comes with being the Central Banker of the country. That’s why RBI recruits professionals almost every year. The entry-level management vacancies in RBI are known as RBI Grade B vacancies.

Pay Scale 

Selected Candidates will draw a starting basic pay of ₹35,150/-p.m. in the pay scale of Rs. 35150-1750(9)-50900-EB-1750 (2) - 54400-2000(4)-62400 (16 years) applicable to Officers in Grade B and 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 ₹83254/- (approx) The House Allowance of 15% of Basic Pay will be paid, if accommodation is not provided by the Bank.

Vacancies

In the year 2019, vacancies was 199 and in 2020 it was not conducted. 

Exam Date and Other Important Dates

Eligibility

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 / Equivalent technical qualification with minimum 55% marks (pass marks for SC/ST/PwBD applicants) in aggregate of all semesters / years.

Officers in Grade 'B' (DR) - 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 recognised Indian or Foreign University /Institute; OR

PGDM/ MBA Finance with a minimum of 55% marks or an equivalent grade in aggregate of all semesters /years from a recognised Indian or Foreign University /Institute; OR

Master’s Degree in Economics in any of the sub-categories of economics i.e. agricultural/ business/ developmental/ applied, etc., with a minimum of 55% marks or an equivalent grade in aggregate of all semesters /years from a recognised Indian or Foreign University /Institute.


Officers in Grade 'B' (DR) - 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.

For more details about catagory relaxation visit RBI Website.

Age & Number of attempts

General Candidates (as on 1st of January 2021) should not be below 21 years and should not be above 30 years. The upper age limit is extended to 32 years and 34 years for M.Phil and PhD students respectively. There are provisions for category based age relaxation according to existing government norms. A general candidate has a maximum of 6 attempts. Provision for revserved candidates getting extra attempts is also there.

For more details visit RBI Website.