RBI Grade B Bharti 2024 : Exam Date, Exam Pattern, Salary, Job Profile, Allowances, Check Free

RBI Grade B Bharti 2024 : RBI Grade B Recruitment 2024 We all know that Reserve Bank of India (RBI) is the central bank of India that regulates and looks after the financial health of the country and it stands as a pillar of stability and progress in our economy. Working with RBI is very empowering in itself. Therefore, to provide this opportunity, RBI conducts the annual RBI Grade ‘B’ examination for General/DEPR/DSIM posts. RBI Grade B exam consists of 3 stages: Stage I, Stage II and Interview The exam is completely computer based which means you have to mark/type the answers on the computer screen.

The questions asked in the examination are both objective type and descriptive (Stage 1 is completely objective type and Stage 2 is of both type). Merit list will be prepared on the basis of marks obtained in second stage and interview.

RBI Grade B Notification 2024

RBI announces the latest vacancy for Grade B post through a detailed official notification PDF which is released on the official website @rbi.org.in. For the year 2024-25, there will be a slight delay in RBI Grade B 2024 notification this year due to Lok Sabha elections.

Therefore, it is roughly expected to be released by the end of May 2024. Once the notification is released, the deduction will start and the entire process will be completed within 6 months. Therefore, we would advise you not to wait until the official notification is released and start preparing seriously.

IBPS RRB PO Syllabus 2024 and Latest Exam Pattern For Prelims; Mains

RBI Grade B 2024

By now you must have got information about the examination through the introduction given above. It is indeed an exam for which both UPSC and banking level candidates are eager to appear as it offers great job opportunities, salary and promotion prospects, and working with an organization like RBI, the hub of all banks. Does. A good opportunity.

RBI Grade ‘B’ 2024 Post

The RBI Grade B Exam is mainly conducted for 3 posts as listed below:

1. RBI Grade B DR- General
2. RBI Grade B DR- Department of Economic and Policy Research
3. RBI Grade B DR- Department of Statistics and Information Management

RBI Grade B Vacancy 2024

Vacancy details are an area of special focus. RBI Grade B Vacancy 2024 will be announced with notification PDF. Till then candidates can check previous year RBI Grade B vacancy details. RBI Grade B vacancy distribution is as follows: Officers in Grade ‘B’ (DR) – (General) – 222, Officers in Grade ‘B’ (DR) -DEPR -38, and Officers in Grade ‘B’ (DR) – DSIM-31, total count 291.

RBI Grade B Exam Date 2024

Reserve Bank of India is expected to release the official RBI Grade B Notification 2024 in May 2024 and the notification PDF contains the online application dates and exam dates for all 3 stages along with other details. RBI Grade B Stage 1 exam is conducted within a month of completion of online application process and Stage 2 exam is conducted 25-30 days after the Stage 1 exam. Therefore, if the notification is released in May 2024, the Phase I exam is estimated to be held in June/July 2024.

Steps Apply for RBI Grade B Recruitment 2024

To appear for the RBI Grade B 2024 Examination, Candidates need to fill out the application form online as no other modes of application will be accepted. You are required to fill out the application form with utmost care and mindfulness because any mistake can lead to disqualification.

The Application process for RBI Grade progressed in the following stages:

1. Registration
2. Application form Fill Out (Uploading of photo & signature and details fill up)
3. Upload of Left Hand Thumb Impression and Handwritten declaration
4. Application Fee Payment
5. Submit the application form

You have to provide the necessary details like phone number, email ID, parents details, number of attempts, CIBIL score, category (if any), educational qualification, experience (not mandatory), selection of exam center etc. The last step is to pay the application fee which is mentioned below.

RBI Grade B Application fee

The RBI Grade B Application Fee can be paid online through a debit/credit card, or any other payment gateway as mentioned by RBI. This application fee is non-refundable.

RBI Grade B 2024 Eligibility Criteria

Here, before the online application process comes the most important part which decides whether you can appear in the examination or not. You must fulfill the mentioned requirements to be able to apply online for RBI Grade B exam. RBI Grade B eligibility mainly revolves around nationality, age limit and qualification.

Nationality

The candidate must be a citizen of India or a citizen of Nepal or Bhutan, or a Tibetan refugee who has been permanently settled in India before January 1, 1962, or a person of Indian origin who is resident in Pakistan, Burma, Sri Lanka Came from. Kenya, Uganda, Tanzania, Zambia, Malawi, Zaire, Ethiopia or Vietnam intending to reside permanently in India.

Age Limit

The RBI Grade B Minimum and Maximum age limit are as shown below along with the age relaxation for the reserved category candidates.

Minimum age limit: 21 years
Maximum age limit: 30 years

Age Relaxation is as per Govt. norms as given below:

Educational Qualifications

Given below are the educational qualification requirements to join RBI as a Grade B officer as per the vacancies in RBI Grade B Recruitment 2024.

Experience Requirement for RBI Grade B 2024

To become an RBI Grade B Officer, you don’t need to have any prior experience in any field. It means that fresh-out-of-college candidates can also appear for the exam given that they have passed the Graduation degree before the RBI notification.

Number of attempts Allowed in RBI Grade B Exam

The RBI has specified the number of attempts for each category. Check the number of attempts category-wise below.

• General Candidates: 6 Attempts,
• SC/ ST/ OBC/ PWD Candidates: No bar on the number of attempts.

RBI Grade B 2024 Selection Process

Exactly within a month after the completion of the online application process, RBI will start with the selection process stages and those who have applied will have to appear for these stages. RBI Grade B selection process consists of three stages –

1. Phase I: It comprises objective-type questions on the English language, quantitative aptitude, reasoning, and general awareness. The total number of Marks is 200 and the mode of examination is online. The questions will be set in both Hindi and English and the questions shall be MCQ-based. Candidates must note that this is qualifying in nature and it will not be added to the final merit list.
2. Phase II: Those who qualify the stage 1, will appear for the Phase II Exam. It is divided into three papers covering economic and social issues, English writing skills, and finance and management. The syllabus and exam pattern of Phase 2 varies for General, DEPR, and DSIM posts.
3. Interview: Finally, candidates who clear Phase II are called for the Interview stage. A thorough understanding of the RBI Grade B selection process can help candidates prepare more effectively and increase their chances of success in the exam.

RBI Grade B 2024 Exam Pattern

In this section, we have discussed the RBI Grade B Exam Pattern. Go through the bullet points and tables which contain the details of the Phase 1 and 2 Exam Patterns.

1. The RBI Grade B Prelims exam will be 200 marks with a total time duration of 120 minutes.
2. There will be a specific sectional duration which will be mentioned in the admission letter.
3. There will be four main sections.

The candidates who qualify for the Prelims will be eligible to appear for the mains exam or Phase 2.

1. There are three separate papers in the main exam.
2. For RBI Grade B Officers in Gr B (DR)- General, candidates have to appear for papers I, II, and III.
3. For RBI Grade B Officers in Gr B (DR)- DEPR & DSIM, candidates have to appear for papers II and III.
4. Paper I & III are 50% Objective & 50 % descriptive while Paper- II is Descriptive only.
5. Each paper will be worth 100 marks.
6. The English paper is a descriptive test.

RBI Grade B 2024 Syllabus

After learning about the exam pattern, the next step is to go deeper and break the syllabus into small parts to start with your preparation. So, the RBI Grade B Syllabus is crucial to clear the exam stages. The syllabus for the RBI Grade B examination is comprehensive and covers a wide range of topics relevant to the banking, economic, and financial sectors. Most of the subjects included in the syllabus are:

For Phase 1 Exam:

The RBI Grade B Phase 1 Exam consists of the following subjects. The General Awareness section includes related to the Banking & Financial sector, Current Affairs of national and international importance, Acquisition & Mergers, etc. If you are a banking aspirant then you will see that the questions asked from Quantitative Aptitude, Reasoning, and English language are the Mains Exam level of Bank exams.

1. General Awareness
2. Quantitative Aptitude
3. English Language
4. Reasoning

For Phase II Exam:

Phase 2 is divided into 3 papers as shown in the exam pattern. The subjects that are included in the exam are:

1. Economic and Social Issues: Growth & Development, Indian Economy, Globalisation, Social Structure)
2. Finance and Management: Financial System, Financial Markets, Management, Ethics at workplace, Accounts)
3. English Descriptive (which involves essay, precis writing)

RBI Grade B Salary Structure

In the table below we have mentioned the allowances and amounts sanctioned by the central bank. RBI Grade B Manager salary for General/DEPR/DSIM post is divided into basic pay, allowances and benefits like grade allowance, dearness allowance, housing allowance, CVPS, special condition allowance, housing allowance etc. Check the allowance-wise breakup of gross salary in the table below.

RBI Grade B In-Hand Salary 2024

After knowing about the amount of allowances and deductions adjusted in the gross salary, candidates should be interested to know about RBI Grade B Salary. The in-hand salary of a Grade B Manager is the basic salary less allowances and deductions. After adding all the allowances and proper calculations, the monthly in-hand salary (gross) is Rs. 1,16,914. In-hand salary may vary for metropolitan cities and other cities.

RBI Grade B Salary After 7th Pay Commission

The RBI Grade B yearly CTC is around 20-24 lacs in metro cities. Candidates can check the monthly RBI Grade B 2024 Salary and emoluments here.

RBI Grade B Perks and Allowances

Apart from the Basic Pay, multiple emoluments such as Dearness Allowance, House Rent Allowance, Family Allowance, Telephone Allowance, Conveyance Allowance, etc. will also be provided. Check the RBI Grade B Salary and Perks below.

1. Dearness Allowance(DA): DA of 31% of the basic salary.
2. Grade Allowance (GA): Rs. 6,800 is given to the RBI Grade B Officer as Grade Allowances.
3. HRA Allowance: 2BHK/3BHK flat is given to the RBI Grade B employees. If the employees are not allocated flats, then they can claim up to Rs 70,000 as rent allowance.
4. Medical Allowance: Medical allowances up to 4500 Rupees can be claimed. These allowances are also valid for the dependents of the employees.
5. Education Allowance: RBI Grade B officers can avail Rs. 4000/- under education allowance every month.
6. Fuel Allowance: 150 litres of fuel per month can be claimed.
7. Maid Allowance: Rs 3000/- is offered under the maid allowance received by RBI Grade B officers.
8. Mobile Allowance: A claim up to Rs 1500/- as a mobile allowance.
9. Sodexo Coupons: RBI provides the employees with Sodexo coupons worth Rs 2000/- which can be spent on food/groceries.
10. Leave Fare Concession Travel (LFC):  The RBI will offer around Rs100000 for the employees under LFC allowance. This can be availed once in two years, by the employee and his dependents.
11. Briefcase allowance: The officers can avail of Rs.7000 under the briefcase allowance. This amount can be reimbursed once every three years.
12.  Spectacles allowances: Spectacles allowance of Rs 7000/- can be claimed for either the RBI Grade B officer or the spouse.

At present, the initial monthly Gross emoluments are approximately Rs. 1,16,914/-(approx.).

RBI Grade B Salary After 5 Years

All the Officers selected through the RBI Grade B 2024 Exam will receive an annual salary range of 20-24 lacs. Along with the CTC, various emoluments & allowances are given.
The scale for the RBI Grade B Officer is Rs 55,200-2850(9)-80850-EB-2850(2)-86550-3300(4)-99750(16 years).

The first increment of RBI Grade B Officer is done after 5 years of their service period.

1. A yearly increment of Rs. 2850 for the next two years if you reach the Efficiency Bar (EB)
2. After 9 years is over, your basic pay is: Receive an increment of – Rs. 80850
3. After 11 years of service, your basic pay will amount to Rs. 86,550, with an annual increment of Rs. 3,300 for the subsequent four years.
4. Following a total of 16 years in service, the maximum basic pay reaches Rs. 99,750.

What is the Job Profile of an RBI Grade ‘B’ Officer?

The job profile of a Grade B Officer is as interesting as its salary. After becoming a grade b officer, candidates will be put into 2 years of probationary period and their performance will be assessed. Here, are some of the duties that the grade b manager is required to perform.

1. They have to assist the central bank in managing the designated departments, collecting data and analysing.
2. Selected candidates are liable to be posted and transferred anywhere in India.
3. They are responsible for managing the country’s currency supply, including issuing currency notes and coins, monitoring circulation, and combating counterfeiting activities.
4. They also perform administrative tasks related to their roles, such as preparing reports, conducting meetings, and coordinating with other departments within the RBI.

How to Prepare for RBI Grade B 2024?

Now, that you know everything about the RBI Grade B Exam, your last question will be “How to prepare for such a highly coveted exam?” Well, we can help you there as well. At Adda247, we provide comprehension preparation tips and tools to prepare for the exam. Along with that, you will get valuable guidance from our experienced mentors. You can join our mock test series or download the RBI Grade PYPs through the link shared above.

So, if you have made up your mind to become an RBI Grade B Officer, then you must follow the steps given below. Only a 1.5-month gap is there between the date of the online application and the Phase I exam generally. Here, are some of the most important points that the candidate should keep in mind while preparing for the exam:

1. Go through the entire RBI Grade B Latest syllabus and the Previous Year Question papers. It will help in giving you an idea of what is asked in the exam.
2. After that, sort out all the chapters that are there in Economic and Social Issues, and Finance & Management. Make a study plan to cover all the chapters thoroughly.
3. Focus on Current Affairs, Government Schemes, RBI Reports and Indices, and other topics important from the exam point of view.
4. Also, keep practising questions for Quantitative Aptitude, Reasoning, English, and Current Affairs.
5. Join a Mock Test series to assess your preparation on a real-time basis.
6. Have the confidence that you will clear the exam and be consistent with your preparation.