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.
Component | Monthly |
Basic Pay | 55,200 |
Grade Allowance | 11,500 |
Special Allowance | 9750 |
Special Prerequisite Allowance | 4102 |
Local Compensatory Allowance | 5468 |
DA | 25000 |
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
HRA | 60,000 |
Petrol | 20,000 |
Household Allowance | 5,000 |
Internet | 2,000 |
Landline | 1,368 |
Newspaper | 917 |
Equipment Maintenance | 500 |
Children Education | 7000 |
– | – |
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.
In addition to the salary, RBI Grade B officers receive the following additional benefits:
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 (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.
Sr. No. | Name of the Tests | Number of Questions | Maximum Marks | Time Duration |
---|---|---|---|---|
1. | English Language | 30 | 30 | 25 minutes |
2. | Reasoning Ability | 60 | 60 | 45 minutes |
3. | Numerical Ability | 30 | 30 | 25 minutes |
4. | General Awareness | 80 | 80 | 25 minutes |
Total | 200 | 200 | 120 minutes |
Paper | Number of Questions | Total Time Duration | Total Marks |
---|---|---|---|
Paper 1: Economic and Social Issues | Objective – 30 Questions | 30 min. | 50 |
Descriptive – 6 Questions (to be attempted – 4) | 90 minutes | 50 | |
Paper 2: English (Writing Skills) | Descriptive – 3 Questions (Precis, RCs, & Essay) | 90 min. | 100 |
Paper 3: Finance and Management (Objective Type Questions) | Objective – 30 Questions | 30 min. | 50 |
Descriptive – 6 Questions (to be attempted – 4) | 90 minutes | 50 |
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.
All the Best!!!
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