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Reserve Bank of India (RBI) is the central bank of India. It is the institution which controls the monetary policy of India. RBI has a very important role in the development strategies of India. To make all of this possible, it needs capable professionals who can handle the complexities and responsibilities of the job that comes with being the Central Banker of the country. So almost every year, RBI recruits professionals in Common Seniority Group. These entry level management vacancies in RBI are together known as Grade B vacancies.

Emoluments:

Selected Candidates will draw a starting basic pay of Rs. 35,150/ p.m. in the Pay-Scale of Rs. 35150-1750 (9)-50900-EB-1750 (2)-54400-2000 (4)-62400 applicable to Officers in Grade B. 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 approximately Rs. 77,208/- (approx.).

Vacancies:

The total vacancies in RBI-2019 were 199. The vacancies were in 3 departments:

  1. General
  2. Department of Economic and Political Research (DEPR)
  3. Department of Statistics and Information Management (DSIM)

Group B vacancies (2019):- General - 156; DEPR- 20; DSIM- 23 Half of the seats are for the General candidates and rest are divided according to government reservation norms.

Exam date and registration:

In 2019, the registration started on 21 September 2019 and continued until 11 October, 2019. The exams were scheduled between November-December. Visit the RBI website for more details.

Essential academic qualifications and experience:

Graduation in any discipline from a recognised university or any equivalent qualification recognised as such by the central government. Percentage and special requirements are given below.

RBI-Grade B (General Department) - Graduation with 60% (category wise relaxation available)

RBI-Grade B (DEPR) - Master’s Degree in Economics, Econometrics, Finance or similar stream with min. 55% marks (Category wise relaxation is available. To know in detail refer to official notification).

RBI-Grade B (DSIM) – Master’s or Post Graduate Degree in Statistics/ Mathematics/Econometrics/BusinessAdminstration etc. from select institutes with min. 55% marks. (Category wise relaxation is available. To know in detail about the institutes and courses refer to official notification)

Age and number of attempts:

General candidates 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 MPhil 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 Reserved candidates getting extra attempts is also there.

The application fee (+Intimation charges) for General/OBC candidates is Rs. 850 and for SC/ST/PwBD candidates is Rs. 100 (only intimation charges). Visit the RBI website to apply and to know about the procedure in detail you can click on the link given below.

RBI Grade-B 2019 Official Notification

The Pattern of Exam and the subjects are different for each Department. The department wise examination pattern is given below:-

Procedure for Grade B (General):

The examination will be held in three phases i.e. Preliminary examination, Main examination and Interview. The candidates who are shortlisted after Preliminary examination will have to appear for Main examination. The candidates shortlisted after the main examination will be subsequently called for Interview.

Phase-I Examination:

Phase I comprises of an online objective test consisting 4 sections with a composite time of 2 Hours (with Sectional Timings). The mode of exam is online. The questions are in English and Hindi both (except English Language Section). There is negative marking for wrong answers (1/4th of total marks allotted for that question).

Phase-I Exam pattern (2019)

Section No. of questions Maximum Mark
General Awareness 80 80
English Language 30 30
Quantitative Aptitude 30 30
Reasoning Ability 60 60
Total 200 200

Candidates have to secure minimum marks separately for each test as well as in aggregate, as may be prescribed by the RBI Board.

Phase – II Main examination:

Phase II consists of 3 papers with separate timing for each section. Paper 1 and 3 are Objective type whereas Paper 2 is Descriptive Type. The papers are conducted in shifts. The mode of exam for all 3 papers is online. In the descriptive paper, candidates need to type with the help of the keyboard. The questions are in English and Hindi both (except English Writing Skills). For the objective sections, there is negative marking for wrong answers (1/4th of total marks allotted for that question).

Phase II pattern (2019)

Paper No Name of Paper Time Maximum Mark
1 Economic & Social Issues 90 mins 100
2 English (Writing Skills) 90 mins 100
3 Finance and Management/Economics/Statistics 90 mins 100
Total 4 hours 30 mins 300

Candidates are shortlisted for the interview, based on aggregate of marks obtained in Phase-II (Paper-I +Paper-II +Paper-III). Category wise merit list is drawn on the basis of aggregate marks scored in this exam.

Phase – III: Interview (50 marks)

Candidate may opt for interview either in Hindi or English. The whole process takes around 3-5 hours depending upon the number of candidates and the panel.

Final selection

The marks obtained in the Phase-I are not added for preparing the final merit list for selection. Final selection will be through merit list which will be prepared by adding marks secured by candidates in Phase-II examination and interview.

Procedure for Grade B (DEPR)

The job responsibilities of Grade-B DEPR employees are primarily to undertake economic analysis and research and contribute to policy formulation, apart from compilation of data relating to select sectors. Therefore their selection procedure evaluates on the relevant skills that are requried for this job. The examination is held in two phases; Phase-I is online or written exam and Phase II is Interview.

Phase – I: Online/Written Examination

The Paper-I is conducted first and if a candidate qualifies in Paper I then Paper II and Paper III are conducted. The gap between both the part of Phase-I is 20-30 days. The Paper-I is objective type whereas Paper-II (Question paper displayed on computer, answers to be written on paper) and Paper-III (To be typed with help of keyboard) are descriptive type. The Paper II and Paper III examination are in shifts.

Phase I Pattern(2019) (Grade-B DEPR)

Paper No Name of Paper Time Maximum Mark
1 Economics(Objective) 120 mins 100
2 Economics(Descriptive) 180 mins 100
3 English (Descriptive) 90 mins 100
Total 6 hours 30 mins 300

Candidates are shortlisted for the interview, based on aggregate of marks obtained in Phase-I (Paper-I +Paper-II +Paper-III). Category wise merit list is drawn on the basis of aggregate marks scored in this exam.

Phase – II: Interview

Candidate may opt for interview either in Hindi or English. The whole process takes around 3-5 hours depending upon the number of candidates and the panel.

Final selection

Final selection will be through merit list which will be prepared by adding marks secured by candidates in Phase-I examination and interview.

Procedure for Grade B (DSIM)

The job responsibilities of Grade-B DSIM employees are primarily to undertake collection, compilation, analysis and interpretation of data on banking, corporate and external sectors. Therefore their selection procedure evaluates on the relevant skills that are required for this job. The examination is held in two phases; Phase-I is online or written exam and Phase II is Interview.

Phase – I: Online/Written Examination

Paper-I is conducted first and if a candidate qualifies in Paper I then Paper II and Paper III are conducted. The gap between both the part of Phase-I is 20-30 days Paper-I is objective type whereas Paper-II (Question paper displayed on computer, answers to be written on paper) and Paper-III (To be typed with help of keyboard) are descriptive type. The Paper II and Paper III examination are in shifts.

Phase I Pattern(2019) (Grade-B DSIM)

Paper No Name of Paper Time Maximum Mark
1 Statistics(Objective) 120 mins 100
2 Statistics(Descriptive) 180 mins 100
3 English (Descriptive) 90 mins 100
Total 6 hours 30 mins 300

Candidates are shortlisted for the interview, based on aggregate of marks obtained in Phase-I (Paper-I +Paper-II +Paper-III). Category wise merit list is drawn on the basis of aggregate marks scored in this exam.

Phase – II: Interview

Candidate may opt for interview either in Hindi or English. The whole process takes around 3-5 hours depending upon the number of candidates and the panel.

Final selection

Final selection will be through merit list which will be prepared by adding marks secured by candidates in Phase-I examination and interview.

Candidates should realise that to perform in competitive exams such as RBI Grade B, they should be good at both concepts and application. Rather than going through concepts from various sources, one should concentrate on a single resource for conceptual clarity. Once concepts are clear, practicing regularly is key to performing well in competitive exams like these. We have provided playlists of important concept lectures below. Candidates can take help of these lectures from Meritshine to strengthen their fundamentals for this exam.

For a thorough preparation, candidates should register for our RBI Grade B 2020 Paid Program.

Our Free Resources (click on the links below for accessing the relevant content)

Lectures for Phase-I Grade-B(General):-

Lectures for Phase-II Grade-B(General):-

Lectures for Descriptive Paper (English):-

Lectures for Interviews:-

The category wise marks (of some categories) scored by the last selected candidate in RBI-Grade B (General) in 2019 (Phase I) and 2018 (in different phases) of the exam are given. The cut-offs differ every year, according to the competition and the paper’s difficulty level. One year's cut-off is in no way predictive of subsequent years' cut-offs.

RBI Grade B 2019 Phase I Cut-off

Section General/UR OBC SC ST
GENERAL AWARENESS(Maximum Marks = 80) 20.00 16.00 14.25 14.25
REASONING (Maximum Marks = 60) 15.00 12.00 10.75 10.75
ENGLISH LANGUAGE (Maximum Marks = 30) 7.50 6.00 5.25 5.25
QUANTITATIVE APTITUDE (Maximum Marks = 30) 7.50 6.00 5.25 5.25
TOTAL SCORE/ Aggregate (Maximum Marks = 200) 122.00 115.50 108.00 108.00

RBI Grade B 2018 Phase-wise Cut-offs

Stage of Examination General OBC SC ST
Phase-I (Out of 200) 105.75 95.75 91.75 91.75
Phase-II[Objective+Descriptive] (Out of 300) 201.25 186.25 180.25 180.25
Final [Phase-II+Phase-III] (Out of 350) 248.50 235.50 221.25 219.50

P.S. If you still have a query, you may write to us at info@meritshine.com.