RBI Grade B Notification 2024 Out, 94 Vacancies, Eligibility, Apply Online

The Reserve Bank of India has now published the official notification pdf to conduct the RBI Grade B exam for Grade B Officers. A total of 94 vacancies have been announced through RBI Grade B Notification 2024 for the financial year 2024-25. The online registrations for RBI Grade Exam 2024 have been already started on 25th July 2024 at the official website: www.rbi.org.in. Candidates can get to know the details about this national-level examination along with details for online registrations from the article below.

RBI Grade B Notification 2024 Out

Reserve Bank of India (RBI) has published the advertisement notification pdf on the official website for the post of Grade B Officer Exam for the General, DERP, and DSIM departments with category-wise vacancy details, exam dates, and registration dates. The candidates interested and eligible for the RBI Grade B 2024 exam must go through all the details before applying for the RBI Grade B Recruitment 2024. The direct link to download RBI Grade B Notification 2024 pdf here below, tap on the link and check out all the details.

RBI Grade B Notification 2024 Out – Download PDF

RBI Grade B Notification 2024- Summary

The selection process for RBI Grade B Officer positions consists of three stages: Prelims, Mains, and Interviews. To move on to the next stage, a candidate must score higher than the specified cut-off for each stage. Below are the key details for the RBI Grade B Recruitment 2024.

RBI Grade B 2024 Important Dates

All important dates related to the application form, and exam dates are released through the RBI Grade B notification. The online application window is opened from 25th July to 16th August 2024.  The online prelims examination will take place on 8th and 14th September 2024 and the mains exam will be conducted on 19th and 26th October 2024

RBI Grade B Vacancy 2024

This year, RBI has announced 94 RBI Grade B vacancies which is very low compared to previous years. Last year it was 291. Out of which 94 vacancies, 66 posts are allocated for Officers in Grade ‘B’ (DR)–(General), 21 for Officers in Grade ‘B’ (DR)–DEPR and 7 for Officers in Grade ‘B’ (DR)–DSIM department.

RBI Grade B Category-Wise Vacancy

Out of the total of 64 Grade B Officers vacancies, some are for the Unreserved, some of SC/ST categories, etc. The complete category-wise vacancy distribution for RBI Grade B 2024 is tabulated below.

RBI Grade B Officer Eligibility Criteria 2024

To be eligible, the candidate must be a citizen of India, a subject of Nepal or Bhutan, or a Tibetan refugee who arrived in India before January 1, 1962. Alternatively, the candidate can be a person of Indian origin who has migrated from countries such as Pakistan, Burma, Sri Lanka, Kenya, Uganda, Tanzania, Zambia, Malawi, Zaire, Ethiopia, and Vietnam to permanently settle in India. Further RBI Grade B Eligibility 2024 in terms of education qualification and age limit has been discussed below for each post separately.

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

Education Qualification: Candidates must have completed their graduation in any discipline /Equivalent technical or professional qualification with a minimum 60% marks for General and 50% for SC/ST/PwBD applicants OR Candidates must have done their Post-Graduation / Equivalent technical qualification with a minimum of 55% marks (pass marks for SC/ST/PwBD applicants) in aggregate of all semesters/years.

Age Limit: 21 years to 30 years (As on 1st July 2024)

For Officers in Grade ‘B’ (DSIM)

Education Qualification: Candidates must have completed their 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: 21 years to 30 years (As on 1st July 2024)

For Officers in Grade ‘B’ (DEPR)

Education Qualification: Candidates must have completed their Master’s Degree in Economics / Econometrics / Quantitative Economics / Mathematical Economics / Integrated Economics Course / Finance with a minimum of 55% marks.

Age Limit: 21 years to 30 years (As on 1st July 2024)

RBI Grade B Recruitment 2024 Application Form

The link for online application submission is activated on 25th July 2024 after the release of detailed RBI Grade B Notification 2024. Candidates with the required eligibility criteria and within the set age limit must submit their application forms before the due date i.e. 16th August 2024. The registration process is being conducted at the official website www.rbi.org.in and there will be no other means to submit your applications.

Application Fee- The candidates of General/OBC categories have to pay Rs. 850 + 18% GST, for SC/ST/PWD the application fee is Rs. 100 + 18% GST. However, the employees of RBI are exempted from paying the application fee for RBI Grade B 2024.

RBI Grade B Apply Online 2024- Click to Check Details

Steps to Apply for RBI Grade B Recruitment 2024

1. With an active internet connection, open the official Reserve Bank of India website: www.rbi.org.in in your browser.
2. Click on the “Opportunities@RBI” link found on the home page.
3. Select “Current Vacancies” and then “Vacancies” to see the latest openings.
4. Find the notification for the RBI Grade B Officer Recruitment 2024 and click on it to read the detailed advertisement.
5. If you are a new user, click on the “New Registration” link. Fill in the necessary details to complete the registration process. You will receive a provisional registration number and password.
6. Use the registration number and password to log in.
7. Provide personal details, educational qualifications, work experience, etc., in the application form.
8. Upload scanned copies of your photograph, signature, left thumb impression, and a handwritten declaration as per the prescribed format and size.
9. Pay the application fee through online payment methods such as debit card, credit card, net banking, or other options available.
10. Review the filled application form and make any necessary corrections. Click on the “Final Submit” button.

RBI Grade B 2024 Selection Process

For selecting the eligible candidates for RBI Grade B Officers posts, the Reserve Bank of India conducts a five-stage selection procedure which includes 2 online examinations, interviews, document verification and last one is medical examination.

• Phase 1 Online Examination
• Phase 2 Online Examination
• Phase 3- Interview
• Document Verification
• Medical Examination

RBI Grade B 2024 Exam Pattern

1. A total of 200 MCQs for 1 mark will be asked in RBI Grade B Prelims from General Awareness, Quantitative Aptitude, English Language, and Reasoning sections.
2. Each subject has separate timings in the RBI Grade B Exam.
3. 1/4th mark will be deducted for each incorrect answer. There will be no deduction of marks for answers left blank.

RBI Grade B Syllabus & Exam Pattern 2024- Click to Check

RBI Grade B 2024 Cut Off

Reserve Bank of India (RBI) releases cut-off marks along with the result of that particular phase or stage. The RBI Grade B Cut off decides the difficulty level of the exam held this year. Candidates who are preparing for the upcoming Grade B Officer Exam must go through the previous year’s cut off marks which was released category-wise and subject-wise.

RBI Grade B Previous Year Cut Off- Click to Check

RBI Grade B Officer Salary 2024

After successfully qualifying all the phases of the selection process for RBI Grade B Officer posts, candidates who are hired for the respective roles receive a basic pay of Rs. 55,200/-. Apart from this, employees enjoy some other perks and benefits such as Special Allowance, Grade Allowance, Dearness Allowance, Local Reserve Bank of India Services Board, Compensatory Allowance, Special Grade Allowance, Learning Allowance, House Rent Allowance, etc. The monthly gross emoluments without HRA is Rs. 1,22,717/- (approximately).

RBI Grade B Officer Job Profile & Responsibilities 2024

The RBI Grade B officer position is a prestigious job in the Reserve Bank of India (RBI). Here is an overview of the job profile and work that RBI Grade B Officers have to do:

1. Assist in formulating policies related to various aspects of the banking and financial system.
2. Work on monetary policies, economic policies, and financial regulations.
3. Ensure that banks and financial institutions comply with the regulations of the RBI.”
4. Supervise the financial stability of institutions and conduct audits.
5. Oversee the circulation and management of currency notes and coins
6. Ensure the availability and quality of currency in the country.
7. Manage government accounts and public debt.
8. Issue and manage government securities.
9. Monitor and regulate financial markets, including the money market, foreign exchange market, and capital market.
10. Develop strategies to enhance the stability and efficiency of these markets.
11. Implement and manage various government schemes and initiatives aimed at financial inclusion and development.
12. Promote financial literacy and consumer protection.
13. Conduct economic research and analysis on various macroeconomic factors.
14. Prepare reports and publications on economic and financial matters.
15. Address queries and grievances from banks, financial institutions, general public and maintain effective communication with stakeholders.

RBI Grade B Officer Career Growth

The flow chart for the career growth of an RBI Grade B Officer depicts which opportunities will be there for the candidates who are selected provisionally for officer post. The highest post that can be attained in Reserve Bank of India is of Governor.

Assistant Manager
↓
Manager
↓
Assistant General Manager 
↓
Deputy General Manager
↓
General Manager
↓
Chief General Manager
↓
Principal Chief General Manager
↓
Executive Director
↓
Deputy Governor
↓
Governor 

RBI Grade B 2024 Exam Preparation Tips

Last year, the RBI Grade B Exam was of somewhere Moderate to Difficult level reaching cut off marks 54.25 for Grade B (General), 112 for DEPR, and 61.5 for DSIM. Therefore, if you are looking forward to appearing for the RBI Grade B 2024 Exam, you must begin with your preparation from today onwards as the competition level is getting higher yearly. Follow the below tips to prepare for the RBI Grade B Officer Exam to score good marks.

1. Take regular mock tests to understand the exam pattern and improve time management.
2. Practice previous year’s question papers to understand the difficulty level and pattern of the questions asked.
3. Regularly revise the topics you have studied to ensure your efficiency when solving the questions from the topics.
4. Stay updated with the latest news, especially in economy, finance, and banking.
5. For the English Descriptive Paper, practice essay writing, précis writing, and comprehension regularly.

RBI Grade B 2024 Exam Centres

The prelims exam will be conducted at the following exam centres nationwide. The candidates will be given a choice for selecting options of exam centres and then allotted their respective centres from the list of their preferred centres.

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