The RBI Grade B Officer is considered to be one of the most prestigious and sought-after jobs in the banking sector in India. Being a part of the Reserve Bank of India (RBI) which is the central bank of the country provides a great sense of pride and accomplishment. In addition to the reputation and prestige, RBI Grade B officers are well compensated, with a handsome salary, along with various allowances such as housing, transportation, and medical benefits. Excellent payscale and the associated perks attract thousand of aspirants making it one of the toughest competitive exams in India.
The RBI Grade B Notification 2023 is out. To help you understand the format of this exam and develop a study plan beforehand, here we have provided a brief overview of the RBI Grade B exam in the table given below:
RBI Grade B Eligibility Criteria
Before applying for any position, it is important to review the eligibility requirements to ascertain your eligibility for that particular post and prevent the wastage of your valuable time and efforts. It is the basic criteria for appointment to the posts advertised by the Reserve Bank of India include educational qualifications, age limit, nationality, work experience, and other specific requirements for the post of Grade B officer in RBI. Further, we have discussed the eligibility criteria for the post of RBI Grade B officer that you must fulfill to be eligible for the above-mentioned post.
Also, if the final stage, it is found that any information furnished in the ONLINE application is false/ incorrect or if according to the Board, the candidate does not satisfy the eligibility criteria for the post, his/ her candidature will be cancelled and he/she will not be allowed to appear for the interview, claim any reimbursement towards travelling and can be removed from service without notice if he/she has already joined the Bank.
RBI Grade ‘B’ Educational Qualifications
To apply for the post of RBI Grade B officer (General), here are the essential education qualifications:
RBI Officers in Grade 'B' (DR) - (General)
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A candidate belonging to the Unreserved category must possess a minimum of 60% marks or equivalent in a Bachelor’s Degree as well as in 12th and 10th standard examinations.
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A candidate belonging to SC/ST/PWD category must possess a minimum of 50% marks or equivalent in a Bachelor’s Degree as well as in 12th and 10th standard examinations.
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A candidate having Post-Graduation in any discipline / Equivalent technical or professional qualification is eligible with a minimum of 55% marks (pass marks for SC/ST/PwBD applicants) in aggregate of all semesters/years.
Graduation Level:
Any such course from a recognized University / Institute that is taken after Class XII and is at least of 3 years duration/ candidates possessing professional or technical qualifications which are recognized by the Government as equivalent to professional or technical graduation will be eligible for admission to the examination, subject to obtaining minimum marks prescribed above.
Post-Graduation Level:
Any such course from a recognized University / Institute that is taken after Graduation and is at least of 2 years duration / recognized by the Government as equivalent to professional or technical Post-graduation will be eligible for admission to the examination, subject to obtaining minimum marks prescribed above.
RBI Grade B Age Limit
To be eligible for the post of RBI Grade B officer, a candidate must have attained the age of 21 years and must not have attained the age of 30 years.
For M. Phil and Ph. D qualified candidates, the upper age limit will be 32 and 34 years, respectively.
The upper age limit prescribed above will be relaxed:
|
Category |
Relaxation |
|
Scheduled Caste/Scheduled Tribe |
5 Years |
|
Other Backward Classes |
3 Years |
|
Persons With Benchmark Disabilities (Gen/EWS) |
10 Years |
|
Persons With Benchmark Disabilities (SC/ST) |
15 Years |
|
Persons With Benchmark Disabilities (OBC) |
13 Years |
|
Ex-Servicemen & Commissioned Officers |
5 Years |
|
Persons affected by the 1984 riots |
5 Years |
Nationality
To be eligible for applying for the post of RBI Grade B officer, a candidate must be either:
i. a citizen of India, or
ii. a subject of Nepal, or
iii. a subject of Bhutan, or
iv. a Tibetan refugee who came over to India before 1st January 1962 with the intention of permanently settling in India, or
v. a person of Indian origin who has migrated from Pakistan, Burma, Sri Lanka, East African countries of Kenya, Uganda, the United Republic of Tanzania, Zambia, Malawi, Zaire, Ethiopia, and Vietnam with the intention of permanently settling in India.
Provided that a candidate belonging to categories (ii), (iii), (iv), and (v) shall be a person in whose favour a certificate of eligibility has been issued by the Government of India.
RBI Grade B – Maximum Number of Attempts
Candidates belonging to General Category/EWSs, who have already appeared Six times for Phase-I Examination for this post/s in the past, are not eligible to apply. No such restriction applies to candidates belonging to SC/ST/OBC/PwBD if the posts are reserved for them.
|
Category |
Maximum Number of Attempts Allowed |
|
General / EWS |
6 |
|
SC/ST/OBC/PwBD |
No Limit |
RBI Grade B- Application Fee
The application fee for applying for the post of RBI Grade B officer would be as given below. You can make the payment of Application Fees/Intimation Charges through the
On-Line Mode only. As per the notification, you will also have to bear the Bank Transaction charges for Online Payment of application fees/intimation charges.
Note:
The applications without the prescribed Fee/ Intimation Charges shall be summarily rejected.
Fee/Intimation charges once paid shall not be refunded under any circumstances nor can the fee be held in reserve for any other examination or selection.
|
S.No |
Category |
Charges |
Amount |
|
1. |
SC/ST/PwBD |
Intimation Charges only |
₹ 100/- |
|
2. |
GEN/OBC/EWSs |
Application fees including intimation charges |
₹ 850/ |
|
3. |
STAFF |
Nil |
Nil |
RBI Grade B officer Salary
The Reserve Bank of India (RBI) is the apex financial institution in India, responsible for maintaining monetary stability, regulating banks and other financial institutions, and managing the country's currency and foreign exchange. The candidates selected as RBI Grade B officers are offered handsome salaries along with various allowances.
Selected Candidates will draw a starting basic pay of ₹ 55,200/-p.m. in the pay scale of Rs. 55200-2850(9)-80850-EB-2850 (2) - 86550-3300(4)-99750 (16 years) applicable to Officers in Grade B.
Allowances
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 1,08,404/- (approximately) The House Allowance of 15% of Basic Pay will be paid, if accommodation is not provided by the Bank.
RBI Grade B Officers – Job Role
The RBI Grade B Officer post is considered to be one of the most prestigious and sought-after jobs in the banking sector in India. The position involves managing and supervising various departments within the RBI, such as banking supervision, currency management, and economic research. The job also involves formulating and implementing policies that are crucial for the growth and development of the Indian economy.
RBI Grade B officers have a crucial role in shaping the economic policies of the country. They are responsible for monitoring and analyzing the economic indicators, and making recommendations to the government and other stakeholders on various monetary and financial matters. Their decisions and recommendations have a significant impact on the Indian economy, and being a part of this process can be a highly fulfilling and rewarding experience.
Following are the key roles performed by the officers in RBI Grade B:
→ Onsite and Offsite Supervision
→ Data Collection and Analysis thereof
→ Policy formulation & other Policy-related work for Opening Current Accounts for banks & Governments, etc.
→ Undertaking risk assessments & Analysis of reports
→ Preparing and Issuing Show Cause Notices for enforceable violations
→ Appointments/ oversight of Agency Banks Preparation of weekly and annual statements of accounts
→ Formulation and review of Internal Accounting policies of the Reserve Bank
→ Demand - Supply Analysis of Currency in Circulation, preparation of Weekly Statement of Accounts for Issue Dept
→ Review of Security and logistics.
→ At ROs - Custodian of Vault in Issue Depts, Managing sections such as Resource, Remittance, Accounts, etc