RBI Grade B Notification 2024 to Be Out on 18 July, Check Eligibility Here

The Reserve Bank of India (RBI) is set to release the RBI Grade B Notification 2024 on 18th July 2024 for recruiting candidates for the prestigious Officers in Grade ‘B’ (DR–General/DEPR/DSIM) posts. This national-level competitive exam is highly anticipated by banking aspirants. This article provides detailed information on the notification, eligibility criteria, application process, important dates, and exam pattern.

 

 

RBI Grade B Notification 2024 Overview

The RBI Grade B exam is conducted to recruit officers in the Grade ‘B’ (DR–General/DEPR/DSIM) departments. The exam is conducted in three stages: Prelims, Mains, and Interview. The basic pay for RBI Grade B officers has been revised to Rs. 55,200/- with a gross pay reaching Rs. 1,08,404/-.

Parameter	Details
Exam Conducting Body	Reserve Bank of India (RBI)
Post Names	Officers in Grade ‘B’ (DR–General/DEPR/DSIM)
Vacancies	To be notified
Mode of Application	Online
Selection Process	Prelims, Mains, Interview
Salary	Rs. 1,08,404/-
Job Location	Across India
Official Website	www.rbi.org.in

 

Important Dates

The official notification will outline all critical dates related to the recruitment process.

Event	Date
Notification Release Date	18th July 2024
Online Registration Starts	To be notified
Last Date to Apply	To be notified
Prelims Exam Date	To be notified
Mains Exam Date	To be notified
Interview Date	To be notified

 

Eligibility Criteria

For Officers in Grade ‘B’ (DR)-General

Educational Qualification

• Graduation in any discipline/Equivalent technical or professional qualification with a minimum of 60% marks (50% for SC/ST/PwBD) OR
• Post-Graduation/Equivalent technical qualification with a minimum of 55% marks (pass marks for SC/ST/PwBD).

Age Limit

• Minimum Age: 21 years
• Maximum Age: 30 years

 

For Officers in Grade ‘B’ (DSIM)

Educational Qualification

• Master’s Degree in Statistics/Mathematical Statistics/Mathematical Economics/Econometrics/Statistics & Informatics from IIT-Kharagpur or Applied Statistics & Informatics from IIT-Bombay with a minimum of 55% marks.

Age Limit

• Minimum Age: 21 years
• Maximum Age: 30 years

For Officers in Grade ‘B’ (DEPR)

Educational Qualification

• Master’s Degree in Economics/Econometrics/Quantitative Economics/Mathematical Economics/Integrated Economics Course/Finance with a minimum of 55% marks.

Age Limit

• Minimum Age: 21 years
• Maximum Age: 30 years

 

Vacancy Details

The vacancies for RBI Grade B 2024 will be announced in the official notification. Based on the previous year, the anticipated vacancies are around 300.

Post	Vacancies (Expected)
Officers in Grade ‘B’ (DR)-General	To be notified
Officers in Grade ‘B’ (DR)-DEPR	To be notified
Officers in Grade ‘B’ (DR)-DSIM	To be notified

 

Selection Process

The selection process consists of three stages:

1. Preliminary Exam
2. Main Exam
3. Interview

Candidates must qualify in each stage by scoring above the cut-off marks specified for each stage.

 

 

Exam Pattern

The exam pattern for the RBI Grade B exam is designed to test a candidate’s knowledge and skills in various areas.

Preliminary Exam

Subject	No. of Questions	Maximum Marks	Duration
General Awareness	80	80	2 hours
English Language	30	30
Quantitative Aptitude	30	30
Reasoning	60	60
Total	200	200	2 hours

Main Exam

For General

Subject	Paper Type	Marks	Duration
Economic and Social Issues	Objective	100	90 mins
English (Writing Skills)	Descriptive	100	90 mins
Finance and Management	Objective	100	90 mins
Total	300	–	–

For DEPR

Subject	Paper Type	Marks	Duration
Economics (Objective)	Objective	100	90 mins
Economics (Descriptive)	Descriptive	100	90 mins
English (Writing Skills)	Descriptive	100	90 mins
Total	300	–	–

For DSIM

Subject	Paper Type	Marks	Duration
Statistics (Objective)	Objective	100	90 mins
Statistics (Descriptive)	Descriptive	100	90 mins
English (Writing Skills)	Descriptive	100	90 mins
Total	300	–	–

Interview

Candidates who qualify the Mains exam will be called for an interview. The interview carries 50 marks.

 

 

Application Process

Candidates interested in applying for the RBI Grade B 2024 can follow the steps below once the application link is activated.

Steps to Apply

1. Visit the RBI official website.
2. Navigate to “Opportunities@RBI” on the homepage.
3. Select “Current Vacancies” and then “Vacancies”.
4. Find the RBI Grade B Officer Recruitment 2024 notification and click on it.
5. Complete the registration process by clicking “New Registration” and filling in the required details.
6. Use the provided registration number and password to log in.
7. Fill in the application form with personal, educational, and professional details.
8. Upload scanned copies of your photograph, signature, thumb impression, and handwritten declaration.
9. Pay the application fee through the available online payment options.
10. Review the application form and submit it.

 

Job Profile and Responsibilities

The RBI Grade B officer position is prestigious and involves various critical responsibilities.

Job Profile

• Policy Formulation: Assist in creating policies related to banking and financial systems.
• Monetary Policies: Work on monetary and economic policies.
• Regulation Compliance: Ensure banks and financial institutions adhere to RBI regulations.
• Financial Stability: Monitor and maintain the financial stability of institutions.
• Currency Management: Oversee the circulation and management of currency notes and coins.
• Government Accounts: Manage government accounts and public debt.
• Market Regulation: Regulate financial markets, including money, foreign exchange, and capital markets.
• Economic Research: Conduct research on macroeconomic factors and prepare reports.
• Public Interaction: Address queries and grievances from banks, financial institutions, and the public.

The role of an RBI Grade B officer is diverse and involves significant responsibility in maintaining the country’s financial stability and integrity.

In conclusion, aspiring candidates should thoroughly understand the eligibility criteria, selection process, and job responsibilities before applying for the RBI Grade B exam. With the notification release on 18th July 2024, candidates should begin their preparation immediately to secure a position in this prestigious organization.

 

 

 

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