RBI Grade B Notification 2024: Everything You Need to Know
The Reserve Bank of India (RBI) is set to release the RBI Grade B Notification 2024 on 18th July 2024. This notification will be for the recruitment of candidates for the Officers in Grade ‘B’ (DR–General/DEPR/DSIM) posts. The RBI Grade B exam is a prestigious and highly competitive national-level examination, making it one of the most sought-after banking exams in India. In this article, we will delve into the details of the RBI Grade B Notification 2024, including the exam summary, eligibility criteria, selection process, important dates, and much more.
Table of Contents
- RBI Grade B Notification 2024 Date
- RBI Grade B 2024 Exam Summary
- RBI Grade B Vacancy 2024
- RBI Grade B Recruitment 2024 Eligibility
- RBI Grade B 2024 Selection Process
- RBI Grade B 2024 Exam Pattern
- RBI Grade B Salary 2024
- Preparation Tips for RBI Grade B 2024 Exam
- FAQs on RBI Grade B Notification 2024
RBI Grade B Notification 2024 Date
The Reserve Bank of India (RBI) has announced through a press release that the official notification for RBI Grade B 2024 will be published on 18th July 2024. The notification and the online registration link will be made available on the official RBI website at www.rbi.org.in. The notification will provide complete details about the RBI Grade B Recruitment 2024, including the eligibility criteria, selection process, important dates, and more. Interested candidates are advised to go through the notification carefully before applying.
RBI Grade B 2024 Exam Summary
The RBI Grade B exam is conducted to recruit Officers in Grade B in three departments: General, DEPR (Department of Economic and Policy Research), and DSIM (Department of Statistics and Information Management). The selection process involves three stages: Prelims, Mains, and Interview. Candidates must qualify at each stage by scoring above the cut-off marks to move on to the next stage.
- Exam Conducting Body: Reserve Bank of India (RBI)
- Post Names: Officers in Grade ‘B’ (DR–General/DEPR/DSIM)
- Vacancies: To be notified
- Category: Bank Jobs
- Mode of Application: Online
- Selection Process: Prelims, Mains, Interview
- Salary: Rs. 1,08,404/-
- Job Location: Across India
- Official website: www.rbi.org.in
RBI Grade B Vacancy 2024
In the previous year, RBI released 291 vacancies for Grade B posts, which included 222 vacancies for Officers in Grade ‘B’ (DR)–(General), 38 for Officers in Grade ‘B’ (DR)–DEPR, and 31 for Officers in Grade ‘B’ (DR)–DSIM. This year, it is expected that the number of vacancies might be around 300. The exact number of vacancies will be confirmed in the official notification.
Expected RBI Grade B Vacancy 2024
| Posts | Vacancies |
|---|---|
| Officers in Grade ‘B’ (DR)–(General) | To be notified |
| Officers in Grade ‘B’ (DR)–DEPR | To be notified |
| Officers in Grade ‘B’ (DR)–DSIM | To be notified |
RBI Grade B Recruitment 2024 Eligibility
To apply for the RBI Grade B Recruitment 2024, candidates must meet certain eligibility criteria regarding nationality, educational qualifications, and age limits. The eligibility criteria vary for different posts under the RBI Grade B exam.
Nationality
- Candidate must be a citizen of India, or
- A subject of Nepal/Bhutan, or
- A Tibetan refugee who came over to India before January 1, 1962, or
- 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 intending to permanently settle in India.
For Officers in Grade ‘B’ (DR)- (General)
- Educational Qualification: Candidates must have completed their graduation in any discipline / Equivalent technical or professional qualification with a minimum 60% marks for General and 50% for SC/ST/PwBD applicants OR Candidates must have done their Post-Graduation / Equivalent technical qualification with a minimum of 55% marks (pass marks for SC/ST/PwBD applicants) in aggregate of all semesters/years.
- Age Limit: 21 years to 30 years.
For Officers in Grade ‘B’ (DSIM)
- Educational Qualification: Candidates must have completed their 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 years to 30 years.
For Officers in Grade ‘B’ (DEPR)
- Educational Qualification: Candidates must have completed their Master’s Degree in Economics / Econometrics / Quantitative Economics / Mathematical Economics / Integrated Economics Course / Finance with a minimum of 55% marks.
- Age Limit: 21 years to 30 years.
RBI Grade B 2024 Selection Process
The selection process for the RBI Grade B exam involves three stages:
- Prelims Exam: The preliminary exam is an online objective test consisting of multiple-choice questions. It serves as a screening test to shortlist candidates for the Mains exam.
- Mains Exam: The mains exam is both objective and descriptive in nature. It tests the candidates' knowledge in various subjects relevant to the specific post they have applied for.
- Interview: Candidates who qualify in the mains exam are called for the interview. The final selection is based on the combined marks scored in the mains exam and the interview.
RBI Grade B 2024 Exam Pattern
The RBI Grade B Exam Pattern for each stage is as follows:
Prelims Exam Pattern
- Duration: 2 hours
- Type: Objective
- Sections: General Awareness, English Language, Quantitative Aptitude, Reasoning
Mains Exam Pattern
- For General Posts:
- Paper I (Economic and Social Issues): Objective
- Paper II (English): Descriptive
- Paper III (Finance and Management): Objective
- For DEPR and DSIM Posts:
- Paper I (Economics/Statistics): Objective
- Paper II (Economics/Statistics): Descriptive
- Paper III (English): Descriptive
RBI Grade B Salary 2024
The basic pay for RBI Grade B officers has been revised to Rs. 55,200/- per month. Including various allowances, the gross monthly salary reaches Rs. 1,08,404/-. RBI Grade B officers are entitled to several benefits and perks, including dearness allowance, house rent allowance, family allowance, and more.
Preparation Tips for RBI Grade B 2024 Exam
- Understand the Syllabus and Exam Pattern: Familiarize yourself with the syllabus and exam pattern to plan your preparation effectively.
- Create a Study Plan: Make a realistic study plan that covers all the topics and allows ample time for revision.
- Practice Previous Year Papers: Solve previous year question papers to understand the exam trend and difficulty level.
- Mock Tests: Take regular mock tests to improve your speed and accuracy.
- Read Newspapers: Stay updated with current affairs by reading newspapers daily.
- Revise Regularly: Regular revision is crucial to retain what you have studied.
FAQs on RBI Grade B Notification 2024
Q1. When is RBI Grade B Notification 2024 expected?
RBI Grade B Notification 2024 is expected to be released on 18th July 2024 at www.rbi.org.in.
Q2. Is RBI Grade B vacancy released every year?
Yes, RBI Grade B vacancies are released every year.
Q3. What is the CTC of RBI Grade B 2024?
The Cost to Company (CTC) of an RBI Grade B officer is approximately Rs. 1,08,404/- per month.
Q4. How many seats are there in RBI Grade B 2024?
The exact number of vacancies for RBI Grade B 2024 will be announced in the official notification.
Q5. Is RBI Grade B tougher than CA?
Both exams have their own difficulty levels and require dedicated preparation. RBI Grade B focuses more on economics, finance, and management, whereas CA covers accountancy, taxation, and auditing.
Q6. Which is the highest position in RBI?
The highest position in RBI is the Governor of the Reserve Bank of India.
Q7. How are RBI Grade B Officers selected?
RBI Grade B Officers are selected based on their performance in the Prelims, Mains, and Interview stages of the exam.
The RBI Grade B Notification 2024 is eagerly awaited by banking aspirants across the country. With the competition level increasing every year, it is essential to start preparing early and strategically. Keep an eye on the official RBI website for the latest updates and ensure you meet all the eligibility criteria before applying. Good luck!