Know everything about the RBI Grade B
The Reserve Bank of India is the central bank for the country that exercises control over all the other banks operating in India. This prestigious institute conducts exams almost annually for recruitment to various posts. The RBI Grade B Officer exam is a chart-topping exam for those seeking their career in the finance sector. The RBI is considered as a prestigious place to work in because of its superior position and exception perks and benefits.
Perks and Benefits
Once shortlisted for this profile there are radiant chances of career growth and development. The RBI Grade-B Officer incurs a handsome salary and enjoys many additional benefits. The Grade B officers 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. If there are any changes in the RBI Grade B Officer salary 2020 it will be notified on the official website of the RBI. The online application process notification for the recruitment was expected to be released by May 2020 but got delayed due to the unsettling condition of Covid-19.
Total Vacancies
The number of vacancies which are expected to be released by the conducting body is yet to be announced for the 2020 recruitment, but as per the previous year we can expect roughly around 200 vacancies. Candidates are advised to keep checking the official website of the exam conducting body for updated information on the same.
Eligibility
Age limit
One has to satisfy the minimum eligibility criteria to be eligible for the exam. The candidates should be between 21-30 years of age, with further relaxations given to the candidates belonging to a particular community category as per the government norms.
Total number of Attempts
There are a limited number of attempts I.e. 6 attempts for this examination post which one is not considered eligible for the exam.
Educational Qualifications
RBI Grade B Educational qualifications are different for each post. Here are the details:
- Officers in Grade ‘B’ (DR) – (General)
Bachelor’s degree in any specialization from a recognized University with at least a minimum of 60% marks or an equivalent grade.
- Officers in Grade ‘B’ (DR) – DEPR
Master’s Degree in Economics/Econometrics/Quantitative Economics/Mathematical Economics /Integrated Economics Course/ Finance, with at least a minimum of 55% marks or an equivalent grade.
- Officers in Grade ‘B’ (DR) – DSIM
Master’s Degree in Statistics/ Mathematical Statistics/Mathematical Economics/Statistics & Informatics/Econometrics with at least 55% marks in aggregate or an equivalent grade.
Selection Process
The selection process of RBI Grade B will take place in three stages
- Preliminary examination
- Mains Examination
Syllabus
With the increasing competition and many more challenges, it becomes essential to understand the RBI Grade B Syllabus and the exam pattern to smoothen your preparation. Aspirants can also download the Syllabus PDF for reference from the official website of the RBI.
Both the exams will be bilingual, except for the English language test, all the questions will be objective type. The candidates will be tested on topics across
- Reasoning Ability
- Quantitative Aptitude
- General Awareness
- English language
- Economic and Social Issues
- Finance and Management Topics.
It is of utmost importance to use the RBI Grade B syllabus in it’s right spirit to save yourself from the burden. Knowing the syllabus thoroughly can save you from wasting time on less or not so important topics.
Cutoffs & Result
The RBI Grade B Cut off is released along with the RBI Grade B result. There is a minimum qualifying mark that one needs to achieve to qualify for the RBI Grade exam. The RBI Grade B cut off depends on various factors like the total no. of vacancies, total no. of applicants, and certainly the difficulty level of the exam. The RBI Grade B Cut off for every year is more or less similar and lies in the bracket of 40%-45% of the total marks.
The RBI does release the exam answer key before the announcement of the result, doing this the authority infuses more transparency in the recruitment process. The RBI Grade B result is generally announced within 3 weeks of the examination.
With this we come to the end of this article. We have tried to cover all the important aspects of this recruitment and hope you found it informative and helpful. The RBI will soon announce the official notification for the recruitment, hence use your time judiciously and buckle up for the exam.
