RBI Grade B Notification 2024: 94 Vacancies Announced, Online Form Details
The Reserve Bank of India (RBI) has officially released the short notification for the RBI Grade B 2024 exam on 19th July 2024. This notification is aimed at recruiting 94 Officers in Grade 'B' (DR–General/DEPR/DSIM) posts. Alongside the notification, the application dates and exam dates have also been disclosed. The detailed notification and online application process will commence on 25th July 2024.
1. Overview of RBI Grade B Recruitment 2024
The Reserve Bank of India announced the short notification for the RBI Grade B Recruitment 2024 on 19th July 2024. This announcement includes crucial details such as vacancy information, exam dates, and registration dates. The comprehensive notification and the link for online registration for the financial year 2024-25 will be available on 25th July 2024 at RBI's official website. This notification pertains to 94 vacancies for Grade B Officer posts.
2. Importance of RBI Grade B Exam
The RBI Grade B exam is a prestigious and highly competitive national-level examination. It is conducted for the recruitment of Grade B Officers in the bank’s General, DEPR, and DSIM departments. The article provides complete details for the RBI Grade B Recruitment 2024, along with the online application form, for candidates interested in and preparing for this exam.
3. RBI Grade B Notification 2024 Details
The Reserve Bank of India has published the RBI Grade B Notification 2024 in the employment news for the post of Grade B Officer Exam for the General, DERP, and DSIM departments on 19th July 2024. The detailed notification PDF will be released on 25th July 2024 at the official website of RBI. Interested and eligible candidates must review all the details before applying for the RBI Grade B Recruitment 2024.
4. Summary of RBI Grade B Notification 2024
The selection process for RBI Grade B Officer positions consists of three stages: Prelims, Mains, and Interviews. To advance to the next stage, candidates must score higher than the specified cut-off for each stage. The basic pay for RBI Grade B officers has been revised to Rs. 55,200/-, with a gross pay of Rs. 1,08,404.
Key Details:
- Exam Conducting Body: Reserve Bank of India (RBI)
- Post Names: Officers in Grade ‘B’ (DR–General/DEPR/DSIM)
- Vacancies: 94
- Mode of Application: Online
- Registration Dates: 25th July to 16th August 2024
- Category: Bank Jobs
- Selection Process: Prelims, Mains, Interview
- Salary: Rs. 1,08,404/-
- Job Location: Across India
- Official website: rbi.org.in
5. Important Dates for RBI Grade B 2024
Important dates related to the application form and exam dates are released through the RBI Grade B short notification.
Schedule:
- RBI Grade B Short Notice: 19th July 2024
- Detailed Notification: 25th July 2024
- Online Registration Starts: 25th July 2024
- Last Date to Apply & Pay Application Fee: 16th August 2024 (6 pm)
- Phase 1 Exam (General): 8th September 2024
- Phase 1 Exam (DEPR & DSIM): 14th September 2024
- Phase 2 Exam (General): 19th October 2024
- Phase 2 Exam (DEPR & DSIM): 26th October 2024
- Interview: December 2024
6. RBI Grade B Vacancy Details 2024
This year, RBI has announced 94 RBI Grade B vacancies, which is significantly lower than the 291 vacancies announced last year. The vacancies are distributed as follows:
- Officers in Grade ‘B’ (DR- General): 66
- Officers in Grade ‘B’ (DR)- DEPR: 21
- Officers in Grade ‘B’ (DR)- DSIM: 7
- Total Vacancies: 94
7. Eligibility Criteria for RBI Grade B 2024
General Eligibility:
- The candidate must be a citizen of India, a subject of Nepal or Bhutan, or a Tibetan refugee who arrived in India before January 1, 1962.
- Alternatively, candidates can be persons of Indian origin who have migrated from specified countries to permanently settle in India.
Specific Eligibility:
For Officers in Grade ‘B’ (DR)- General
- Education Qualification: Graduation in any discipline or equivalent technical/professional qualification with a minimum of 60% marks for General and 50% for SC/ST/PwBD applicants OR Post-Graduation with a minimum of 55% marks.
- Age Limit: 21 to 30 years
For Officers in Grade ‘B’ (DSIM)
- Education Qualification: Master’s Degree in Statistics/Mathematical Statistics/Mathematical Economics/Econometrics/Statistics & Informatics from IIT-Kharagpur or Applied Statistics & Informatics from IIT-Bombay with a minimum of 55% marks.
- Age Limit: 21 to 30 years
For Officers in Grade ‘B’ (DEPR)
- Education Qualification: Master’s Degree in Economics/Econometrics/Quantitative Economics/Mathematical Economics/Integrated Economics Course/Finance with a minimum of 55% marks.
- Age Limit: 21 to 30 years
8. RBI Grade B Recruitment 2024 Application Form
The link for online application submission will be activated with the release of the detailed RBI Grade B Notification 2024 on 25th July 2024. Candidates with the required eligibility criteria and within the set age limit must submit their application forms before the due date of 16th August 2024.
Application Fee:
- General/OBC: Rs. 850 + 18% GST
- SC/ST/PWD: Rs. 100 + 18% GST
- RBI Employees: Exempted
9. Steps to Apply for RBI Grade B Recruitment 2024
- Open the official Reserve Bank of India website: rbi.org.in
- Click on the “Opportunities@RBI” link.
- Select “Current Vacancies” and then “Vacancies” to see the latest openings.
- Find the notification for the RBI Grade B Officer Recruitment 2024 and read the detailed advertisement.
- Click on the “New Registration” link and complete the registration process.
- Log in using the registration number and password.
- Fill in personal details, educational qualifications, work experience, etc.
- Upload scanned copies of the photograph, signature, left thumb impression, and handwritten declaration.
- Pay the application fee through online payment methods.
- Review and submit the application form.
10. Selection Process for RBI Grade B 2024
The Reserve Bank of India conducts a five-stage selection procedure for RBI Grade B Officers:
- Phase 1 Online Examination
- Phase 2 Online Examination
- Interview
- Document Verification
- Medical Examination
11. RBI Grade B 2024 Exam Pattern
Prelims Exam (DR-General):
- General Awareness: 80 questions, 80 marks, 25 minutes
- Quantitative Aptitude: 30 questions, 30 marks, 25 minutes
- English Language: 30 questions, 30 marks, 25 minutes
- Reasoning: 60 questions, 60 marks, 45 minutes
- Total: 200 questions, 200 marks, 120 minutes
Marking Scheme:
- Each incorrect answer: 1/4th mark deducted
- No deduction for unanswered questions
12. Cut Off for RBI Grade B 2024
The RBI releases cut-off marks along with the result of each phase. The cut-off marks decide the difficulty level of the exam. Candidates should review the previous year’s cut-off marks for better preparation.
13. Job Profile and Responsibilities of RBI Grade B Officer
Key Responsibilities:
- Formulate policies related to various aspects of the banking and financial system.
- Work on monetary policies, economic policies, and financial regulations.
- Ensure compliance with RBI regulations.
- Supervise the financial stability of institutions and conduct audits.
- Oversee the circulation and management of currency notes and coins.
- Manage government accounts and public debt.
- Issue and manage government securities.
- Monitor and regulate financial markets.
- Implement and manage government schemes and initiatives.
- Promote financial literacy and consumer protection.
- Conduct economic research and analysis.
- Prepare reports and publications on economic and financial matters.
- Address queries and grievances from stakeholders.
14. Career Growth of RBI Grade B Officer
The career path for an RBI Grade B Officer is highly progressive, with the potential to reach the position of Governor.
Career Path:
- Assistant Manager
- Manager
- Assistant General Manager
- Deputy General Manager
- General Manager
- Chief General Manager
- Principal Chief General Manager
- Executive Director
- Deputy Governor
- Governor
15. Preparation Tips for RBI Grade B 2024 Exam
Tips:
- Take regular mock tests and solve previous year’s papers.
- Focus on weak areas and improve them.
- Stay updated with current affairs and general knowledge.
- Practice time management skills.
- Join a coaching class or online course for guidance.
- Maintain a healthy study schedule.
Conclusion
The RBI Grade B Notification 2024 offers a golden opportunity for candidates aspiring for a prestigious career in the banking sector. With 94 vacancies announced and a well-structured selection process, candidates must thoroughly prepare to secure a position. This article provides detailed information about the notification, eligibility criteria, application process, exam pattern, and more to help aspirants prepare effectively for the RBI Grade B 2024 exam.