The RBI Grade B Exam 2024 is organized by the Reserve Bank of India (RBI) to fill 94 vacancies for Officers in Grade ‘B’ (DR–General/DEPR/DSIM) posts. The RBI Grade B 2024 Exam Phase 1 exam for the Grade B (DR) – General position is set for 8th September 2024, while the DEPR and DSIM exams will take place on 14th September 2024. Phase 1 will be conducted at multiple exam centres across the country. In this article, we shall delve into the RBI Grade B Exam 2024 details, entailing important dates, exam pattern, syllabus, and other significant information to help you get a complete overview of the same.
The RBI Grade B Recruitment Examination 2024 is one of the most sought-after competitive exams for banking aspirants in India. Conducted by the Reserve Bank of India, it offers a prestigious opportunity for candidates to secure Officer positions in the central bank.
To participate in the RBI Grade B Exam 2024, candidates must complete the application process within the given time frame. The important dates for the application process are as follows:
| Event | Date |
|---|---|
| Start Date | 25th July 2024 |
| End Date | 16th August 2024 |
Important Points to Remember for RBI Grade B Exam 2024
The application fee for the RBI Grade B 2024 Exam varies according to the category of the candidate. Here is the breakdown:
| Category | Fee |
|---|---|
| General/OBC | ₹850 |
| SC/ST/PwBD | ₹100 |
Candidates must ensure that they pay the correct fee according to their category to complete the application process successfully.
The RBI Grade B Exam 2024 has specific dates for each phase, ensuring that candidates can plan their preparation accordingly. Here’s an outline of the exam schedule:
| Event | Date |
|---|---|
| Phase I Exam (General) | 8th September 2024 |
| Phase I Exam (DEPR & DSIM) | 14th September 2024 |
| Phase II Exam (General) | 19th October 2024 |
| Phase II Exam (DEPR & DSIM) | 26th October 2024 |
| Event | Date |
|---|---|
| Admit Card Release Date | 29th August 2024 |
| Phase I Exam (General) | 8th September 2024 |
| Phase I Exam (DEPR & DSIM) | 14th September 2024 |
The Reserve Bank of India has announced a total of 94 vacancies for the RBI Grade B Recruitment Examination 2024. These positions are spread across different categories, each targeting specific departments within the RBI:
| Post | Vacancies |
|---|---|
| Officers in Grade ‘B’ (DR) – General | 66 |
| Officers in Grade ‘B’ (DR) – DEPR | 21 |
| Officers in Grade ‘B’ (DR) – DSIM | 7 |
Category-wise Distribution
The vacancies for each department are further divided into specific categories, ensuring fair representation. Here’s the category-wise breakdown:
| Category | General (DR) | DEPR | Vacancy |
|---|---|---|---|
| Unreserved (UR) | 33 | 9 | 4 |
| Scheduled Castes (SC) | 10 | 3 | 1 |
| Scheduled Tribes (ST) | 5 | 2 | 1 |
| Other Backward Classes (OBC) | 18 | 6 | 1 |
| Economically Weaker Section (EWS) | 6 | 1 | 0 |
Below we have provided a comprehensive breakdown of the eligibility criteria for the RBI Grade B Exam 2024.
To be eligible for the RBI Grade B Examination 2024, candidates must meet one of the following nationality conditions:
The age criteria for the RBI Grade B Exam 2024 are crucial, and candidates must fall within the following limits:
| Criteria | Age Limit |
|---|---|
| Minimum Age | 21 years (as of 1st July 2024) |
| Maximum Age | 30 years (as of 1st July 2024) |
There are certain categories that are qualified for relaxation in the upper age limit:
| Category | Relaxation |
|---|---|
| M.Phil. Candidates | Up to 32 years |
| Ph.D. Candidates | Up to 34 years |
| OBC | Up to 33 years |
| SC/ST | Up to 35 years |
| Ex-Servicemen | Up to 35 years |
| PwBD – General/EWS | Up to 40 years |
| PwBD – General/EWS | Up to 40 years |
| PwBD – OBC | Up to 43 years |
| PwBD – SC/ST | Up to 45 years |
The educational qualifications required vary depending on the post for which a candidate is applying within the RBI Grade B 2024 cadre.
| Post | Required Qualification |
|---|---|
| General (DR) | Graduation with at least 60% marks (50% for SC/ST/PwBD) or equivalent grade in any discipline. |
| Post-Graduation (General) | A minimum of 55% marks in any discipline (pass marks for SC/ST/PwBD). |
| DEPR (Department of Economics and Policy Research) |
Master’s Degree in Economics: Quantitative Economics, Mathematical Economics, Financial Economics, Business Economics, Agricultural Economics, Industrial Economics, or Econometrics with at least 55% marks (pass marks for SC/ST/PwBD). |
| DSIM (Department of Statistics and Information Management) |
Master’s Degree in Statistics/Mathematical Statistics/Mathematical Economics/Econometrics/Statistics & Informatics: With at least 55% marks (pass marks for SC/ST/PwBD). OR Master’s Degree in Mathematics: With at least 55% marks (pass marks for SC/ST/PwBD) and one-year post-graduate diploma in Statistics or related subjects. OR M. Stat. Degree: From the Indian Statistical Institute with a minimum of 55% marks (pass marks for SC/ST/PwBD). OR Post Graduate Diploma in Business Analytics (PGDBA): Jointly offered by ISI Kolkata, IIT Kharagpur, and IIM Calcutta with at least 55% marks (pass marks for SC/ST/PwBD). |
The RBI Grade B Exam emphasizes high academic standards, ensuring that only the most qualified candidates advance through the selection process.
The RBI Grade B exam 2024 has a limit on the number of attempts allowed for candidates:
| Category | Attempt Limit |
|---|---|
| General/EWS | 6 attempts |
| SC/ST/OBC/PwBD | No limit on the number of attempts |
The RBI Grade B Exam 2024 is structured to assess candidates comprehensively across various subjects and skills. Here is a detailed breakdown of the exam pattern for both Phase I and Phase II.
The Phase I exam is an objective type test designed to screen candidates for the Phase II exam. It consists of four sections:
| Section | Number of Questions | Maximum Marks | Duration |
|---|---|---|---|
| General Awareness | 80 | 80 | 25 minutes |
| English Language | 30 | 30 | 25 minutes |
| Quantitative Aptitude | 30 | 30 | 25 minutes |
| Reasoning | 60 | 60 | 45 minutes |
| Total | 200 | 200 | 120 minutes |
The Phase II exam is more specialized and consists of three papers. Each paper is designed to test different aspects of the candidates’ knowledge and skills.
| Paper | Type | Maximum Marks | Duration |
|---|---|---|---|
| Economics (Paper I) | Objective | 100 | 120 minutes |
| Economics (Paper II) | Descriptive | 100 | 180 minutes |
| English (Writing Skills) | Descriptive | 100 | 90 minutes |
| Paper | Type | Maximum Marks | Duration |
|---|---|---|---|
| Statistics (Paper I) | Objective | 100 | 120 minutes |
| Statistics (Paper II) | Descriptive | 100 | 180 minutes |
| English (Writing Skills) | Descriptive | 100 | 90 minutes |
Candidates who clear Phase II will be called for an interview. The interview carries 75 marks and is designed to assess the candidate’s overall personality, communication skills, and suitability for the role.
The RBI Grade B 2024 Exam is structured into three distinct phases:
The Phase I exam is an objective type test with four sections:
| Section | Topics |
|---|---|
| General Awareness |
|
| English Language |
|
| Quantitative Aptitude |
|
| Reasoning |
|
The Phase II exam of RBI Grade B Exam 2024</em> consists of three papers, each designed to test specific knowledge areas:
| Paper | Topics | Type |
|---|---|---|
| Paper I: Economic and Social Issues (ESI) |
|
Objective |
| Paper II: English (Writing Skills) |
|
Descriptive (typed) |
| Paper III: Finance and Management (FM) |
|
Objective |
| Paper | Topics | Type |
|---|---|---|
| Paper I: Economics (Objective) |
|
Objective |
| Paper II: Economics (Descriptive) |
|
Descriptive |
| Paper III: English (Descriptive) |
|
Descriptive |
| Paper | Topics | Type |
|---|---|---|
| Paper I: Statistics (Objective) |
|
Objective |
| Paper II: Statistics (Descriptive) |
|
Descriptive |
| Paper III: English (Descriptive) |
|
Descriptive |
The RBI Grade B Exam 2024 offers an attractive salary structure along with various allowances and benefits. Here are the full details:
| Basic Pay | |
|---|---|
| Component | Details |
| Initial Basic Pay | ₹55,200 per month |
| Pay Scale | |
| Pay Scale | ₹55,200-2850(9)-80,850-EB-2850(2)-86,550-3300(4)-99,750 (16 years) |
| Initial Basic Pay | ₹55,200 |
| Annual Increment | ₹2,850 for the first 9 years, reaching ₹80,850 |
| Subsequent Increment | ₹2,850 for the next 2 years, reaching ₹86,550 |
| Final Increment | ₹3,300 for the next 4 years, reaching ₹99,750 |
| Allowances | |
| Grade Allowance | ₹11,500 |
| Dearness Allowance (DA) | ₹23,986 |
| Local Compensatory Allowance (LCA) | ₹5,468 |
| House Rent Allowance (HRA) | 15% of the basic pay (if accommodation is not provided by RBI) |
| Special Prerequisite Allowance | ₹1,465 |
| Special Allowance – Direct Recruit | ₹9,750 |
| Learning Allowance | ₹2,500 |
| CVPS Incentives + Other Allowances | ₹8,510 |
| In-Hand Salary | |
| In-Hand Salary | Slightly lower than the gross salary but competitive |
| Additional Benefits | |
| Medical Benefits | Comprehensive medical coverage for the officer and their dependents |
| Leave Fare Concession (LFC) | Travel allowances for the officer and their family |
| Loans and Advances | Concessional loans for housing, vehicle, and personal needs |
| Pension | Post-retirement advantages provided by the New Pension Scheme (NPS) |
The RBI Grade B Exam 2024 is a prestigious opportunity for those aspiring to build a career in the banking sector. With its rigorous selection process, comprehensive examinations and stringent eligibility criteria, it offers a significant challenge to candidates.
For those preparing for this RBI Grade B 2024 Exam, RICE Education stands out as a valuable resource. RICE Education provides targeted coaching and comprehensive study materials specifically designed to address the complexities of the Examination. Our expert guidance, detailed exam strategies, and practice tests will help candidates excel in the exam with confidence.
Subjects included in the RBI Grade B Exam Syllabus are:
Phase 1:
Phase 2:
The RBI Grade B selection process consists of three distinct stages:
The ESI section of the RBI Grade B Phase II Exam is critical. It assesses your understanding of economic and social ideas, as well as current events affecting them. The ESI syllabus covers a wide range of topics, including:
RBI Grade B Sectional cut off marks are determined from the total marks allocated to each section. Candidates must achieve the sectional cut off scores in the preliminary exam.
The Reserve Bank of India will promptly announce the RBI Grade B Result once the Prelims Exam for RBI Grade B is over. Following the final result declaration, candidates can access the marks they have obtained in the RBI Grade B Exam for Prelims, Main Exam, and Interview through the Bank's official website. The merit list is meticulously prepared, arranging candidates in descending order based on the marks they have obtained after the completion of the interview process.
The age criteria for RBI Grade B are outlined below, along with the relaxation in age for candidates from reserved categories:
The RBI Grade B test is solely held online for General posts. Paper 1 of the RBI Grade B exam is administered online and includes questions from General Awareness, English Language, Quantitative Aptitude, and Reasoning.
There will be 200 questions, each worth one mark. So, the overall score for the complete Phase-I Exam will be around 200 marks. There is also Negative Marking for the first round of the RBI Grade B exam selection procedure. For each incorrect answer 0.25 marks will be deducted.
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