The Reserve Bank of India (RBI), India’s central banking institution, is inviting applications for the prestigious position of Officer in Grade B for the year 2024. The RBI Grade B officer position is one of the most sought-after roles in the banking sector, offering a unique opportunity to contribute to the country’s monetary stability and economic growth. The RBI Grade B recruitment is a gateway to a fulfilling career in central banking, providing exposure to a wide range of financial and economic functions. Candidates interested in joining the RBI as Grade B officers must meet the eligibility criteria set forth by the bank and should thoroughly read the full notification before applying.
RBI is recruiting for three different streams under the Grade B category: General, DEPR (Department of Economic and Policy Research), and DSIM (Department of Statistics and Information Management). Each stream has specific educational qualifications and eligibility criteria that candidates must fulfill. The recruitment process involves multiple stages, including online examinations and interviews, designed to assess the candidates’ knowledge, skills, and suitability for the role.
Important Dates
- Application Start Date: The application process for RBI Grade B 2024 started on July 25, 2024. Candidates are advised to submit their applications as soon as possible to avoid any last-minute issues.
- Last Date to Apply Online: The last date to submit the online application form is August 16, 2024. Applications submitted after the deadline will not be considered.
- Last Date for Fee Payment: Candidates must complete the payment of application fees by August 16, 2024. The fee payment can be done through online modes such as Debit Card, Credit Card, or Net Banking.
- Admit Card Availability: The admit cards for the examinations will be available soon. Candidates should regularly check the official website for updates regarding the release of admit cards.
- Phase I Exam Date: The Phase I examination is scheduled for September 8, 2024. This examination will be conducted online and will consist of objective-type questions.
- Phase II Exam Date: The Phase II examination will be held on October 19, 2024. This examination will also be conducted online and will include both objective and descriptive questions.
Application Fee
The application fee for the RBI Grade B 2024 recruitment varies based on the candidate’s category:
- General / OBC / EWS: The application fee for candidates belonging to the General, Other Backward Classes (OBC), and Economically Weaker Sections (EWS) is Rs. 850/-. This fee includes examination charges and is non-refundable.
- SC / ST: The application fee for candidates belonging to the Scheduled Castes (SC) and Scheduled Tribes (ST) is Rs. 100/-. This reduced fee is to encourage participation from these communities.
- The application fee can be paid through various online modes, including Debit Card, Credit Card, and Net Banking. Candidates should ensure that they have a stable internet connection and a valid payment method while making the payment. They should also keep the transaction receipt as proof of payment for future reference.
Vacancy Details
The total number of vacancies for the RBI Grade B 2024 recruitment is 94. These vacancies are distributed across three streams: General, DEPR, and DSIM. The distribution of vacancies and the eligibility criteria for each stream are as follows:
1. Officers Grade ‘B’ (DR) – General
- Eligibility: Candidates must have a Bachelor’s Degree in any discipline from a recognized university. The degree should have been obtained with a minimum of 60% marks (50% for SC/ST/PWD candidates) or an equivalent grade in aggregate.
- Age Limit: Candidates must be between 21 and 30 years of age as of July 25, 2024. Age relaxation is applicable as per government rules for candidates belonging to reserved categories.
- Total Vacancies: The total number of vacancies for the General stream is yet to be specified.
2. Officers Grade ‘B’ (DR) – DEPR
- Eligibility: Candidates must possess a Master’s Degree in Economics, Econometrics, Quantitative Economics, Mathematical Economics, Integrated Economics Course, or Finance. The degree must be obtained from a recognized university with a minimum of 55% marks (50% for SC/ST/PWD candidates) or an equivalent grade in aggregate.
- Age Limit: Candidates must be between 21 and 30 years of age as of July 25, 2024. Age relaxation is applicable as per government rules.
- Total Vacancies: The total number of vacancies for the DEPR stream is yet to be specified.
3. Officers Grade ‘B’ (DR) – DSIM
- Eligibility: Candidates must have a Master’s Degree in Statistics, Mathematical Statistics, Mathematical Economics, Econometrics, or Statistics & Informatics. The degree should be obtained from a recognized university with a minimum of 55% marks (50% for SC/ST/PWD candidates) or an equivalent grade in aggregate.
- Age Limit: Candidates must be between 21 and 30 years of age as of July 25, 2024. Age relaxation is applicable as per government rules.
- Total Vacancies: The total number of vacancies for the DSIM stream is yet to be specified.
For each stream, candidates must ensure that they meet the specific educational qualifications and age criteria. They should also check the full notification for details on age relaxation and other eligibility conditions. Additionally, candidates should be prepared to provide necessary documents during the application process and interviews to verify their eligibility.
Selection Process
The selection process for the RBI Grade B Officer 2024 involves multiple stages, designed to comprehensively evaluate the candidates’ knowledge, skills, and aptitude for the role. The stages include:
- Phase I Online Examination (Preliminary Exam):
- This is an objective-type examination, conducted online. The exam consists of questions from General Awareness, English Language, Quantitative Aptitude, and Reasoning. The total marks for this exam are 200.
- The Phase I exam serves as a screening test, and only candidates who qualify in this exam will be eligible to appear for the Phase II exam.
- The marks obtained in Phase I will not be considered for the final selection but are essential to qualify for the next stage.
- Phase II Online Examination (Main Exam):
- The Phase II examination consists of three papers: Economic and Social Issues, English (Writing Skills), and Finance and Management. While Economic and Social Issues and Finance and Management are objective-type papers, the English paper is descriptive.
- The total marks for the Phase II exam are 300, with each paper carrying 100 marks. The marks obtained in Phase II will be considered for the final selection.
- The objective papers are designed to assess the candidates’ understanding of the economic and financial environment, while the descriptive paper tests their writing skills and ability to articulate thoughts clearly.
- Interview:
- Candidates who qualify in Phase II will be called for the interview. The interview carries 75 marks and assesses the candidates’ personality, communication skills, and suitability for a career in central banking.
- The final merit list will be prepared based on the marks obtained in Phase II and the interview. The candidates’ performance in these stages will determine their selection for the RBI Grade B Officer posts.
Candidates must prepare thoroughly for each stage of the selection process. They should focus on understanding the exam pattern, syllabus, and time management. Additionally, they should stay updated on current economic and financial issues, as these are crucial for both the written exams and the interview.
How to Apply
Candidates interested in applying for the RBI Grade B 2024 recruitment can follow these steps:
- Visit the Official Website: Candidates should visit the official website of the Reserve Bank of India or the ExamCare.org portal for the application link.
- Register Online: New candidates must register themselves by providing their basic details, such as name, email ID, and mobile number. A unique registration ID and password will be generated, which candidates should keep safe for future reference.
- Fill the Application Form: Candidates should log in using their registration ID and password to access the application form. They must provide all required information, including personal details, educational qualifications, and work experience (if applicable).
- Upload Documents: Candidates must upload scanned copies of their photograph, signature, and other required documents, such as educational certificates and caste certificates (if applicable). The specifications for these documents will be provided in the application guidelines.
- Pay the Application Fee: Candidates must pay the application fee through the available online payment modes. They should ensure that the payment is successful and keep a copy of the payment receipt for future reference.
- Submit the Application: After completing all the steps, candidates should review their application form to ensure that all details are correct. They can then submit the form and take a printout of the application confirmation for their records.
Candidates should note that they can apply for multiple streams if they meet the eligibility criteria for each. However, they must pay the application fee separately for each stream. Additionally, candidates should apply well before the last date to avoid any technical issues or delays.