RBI Grade B Officers Salary & Perks

The Reserve Bank of India holds the RBI Grade B Exam to recruit Grade B officers who work at the RBI’s managerial level. The exam is divided into three phases: Phase I or Prelims, Phase II or RBI Grade-B Main, and Phase III or Interview. Candidates who pass the exam are assigned the role of RBI Grade B officer.

Candidates must serve a two-year probationary period, which can be extended up to four years at the bank’s discretion. Furthermore, the chosen candidates may be posted and transferred anywhere in India.

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Total– 1 Lac Monthly

Yearly– 12 Lac

Deduction of NPS– 7000- 10000 Monthly

Tax Deduction of– 15000 to 18000

In hand Salary– 80,000- 1Lac approximately

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Work Profile of RBI Grade B Officers

The job description of an RBI Grade B officer is very appealing to banking enthusiasts. The job profile of an RBI Grade B officer varies depending on where they are posted. Financial Markets, Banking Supervision, Banking Regulation, Currency Issuing, Public Debt Office, Foreign Exchange, and HRD are some of the departments where Grade-B officers are posted. During their employment, they may be assigned to any of these departments in any of India’s locations.

RBI Grade B Officers Perks

In addition to the salary, RBI Grade B officers receive the following additional benefits:

• Reimbursement of expenses for maintenance of vehicle for official purpose
• Bank’s Accommodation
• Leave Fare Concession
• Telephone charges
• Allowances for furnishings of Residence
• Loans and Advances at concessional rates
• Benefits of Gratuity and New Pension Scheme
• Fuel Allowance

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RBI GRADE B Exam Pattern 2023

Even though the RBI Grade B 2023 notification has not yet been released, the exam pattern remains relatively constant.
I have mentioned the 2022 exam pattern in this article. Reading through it will give you an idea of the various phases of the 2022 RBI Grade B Exam.
Aspects such as the amount of time you have for the exam, the number of questions from each section, and whether or not there is negative marking. This is an important factor to consider when reviewing the exam pattern.
Many students who excel in one subject tend to skip that subject and concentrate on the others. However, this is not a good strategy because the RBI Grade B examination also has a sectional cut off. That is why you should also examine previous years’ papers.

The whole exam is divided into 3 Phases. I have mentioned the phases below:

• Prelims
• Mains
• Interview

Prelims (Phase 1) and Mains Exam (Phase 2) are both computer-based written exams.

Prelims is a qualifying phase, so don’t spend too much time on it. You don’t want to get the highest score in this phase because it won’t matter.

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RBI Grade B Exam Pattern Phase 1 (2022)

RBI Grade B Exam Pattern Phase 2  (2022)

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RBI Grade B Interview

Each interview will be worth 75 points. Candidates will be chosen for interviews based on their performance in Phase II (Paper-I +Paper-II +Paper-III). The Board will determine the minimum aggregate cut off marks for being shortlisted for an interview based on the number of vacancies. The names of those who have been shortlisted for interviews will be published on the RBI website at the appropriate time, and interview invitations will be sent to registered email addresses. Candidates can choose between an interview in Hindi and an interview in English. The merit list will be prepared by adding the marks obtained by candidates in the Phase II examination and interview.

Preparation Strategy for RBI Grade B officers

• Understand Exam Syllabus– The syllabus is the first and most important thing you should know about RBI Grade B preparation. Read the syllabus provided in the exam’s official notification. It will provide you with an overview of what you should study for this exam.
• Know the Exam Pattern– After reading the syllabus, go over the exam pattern. The RBI Grade B exam is divided into three stages: RBI Grade B Phase I (prelims), RBI Grade B Phase II (mains), and the Interview round. RBI Grade B Phase-I is a qualifying exam. As a result, only the RBI Grade B Phase-II and Interview scores are considered for the final merit.
• Go through Previous year cut-off– Previous year papers will assist you in analyzing what types of questions are asked in the paper, which will assist you in determining the depth of each subject that you should aim for.
• Solve Previous year Paper– Solve at least one previous year’s paper without relying on random guesses. It will assist you in determining your current position and the amount of effort required. It will also assist you in determining whether you require outside assistance or if you can study on your own.

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All the Best!!!

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