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RBI Grade B 2020 Notification: Complete Updated Information for RBI Grade B

RBI Grade B 2020-Reserve Bank of India (RBI) will release the recruitment notification for filling the RBI Grade B Vacancies. Applicants with the graduation degree can apply for RBI Grade B 2020. Aspirants who are interested in the RBI Grade B Exams can check the official notification below.

RBI can release the official notification for 2020 after the recruitment of the 2019 aspirants is finalized which is being delayed due to the pandemic. Candidates who are willing to join the RBI as an officer should start their preparation as early as possible without waiting for the official notification since the exams can be conducted in short notice owing to the delay in the recruitment process.

RBI Grade B 2020 Official Notification [To be Updated]

Apply Online for RBI Grade-B (Gr B – DR – General) [To be Updated]

Apply Online for RBI Grade-B (DEPR/DSIM) [To be Updated]

RBI Grade B- Important Dates

Below are the tentative dates of the RBI Grade B recruitment notification:

Release of RBI Grade B 2020 Official Recruitment NotificationNovember 2020
RBI Grade B Registration Began onNovember 2020
Last Day to Submit RBI Grade B 2020 Application FormNovember 2020
RBI Grade B Exam Date for Phase I (Prelims)December 2020
Release of RBI Grade B Phase 1 ResultDecember 2020
Release of RBI Grade B 2020 Phase 2 Admit CardDecember 2020
RBI Grade B Exam Date Phase-II (General)December 2020
RBI Grade B Exam Date Phase-II (DEPR and DSIM)December 2020
Release of RBI Grade B Phase-II (General) ResultDecember 2020
RBI Grade B Interview DatesTo Be notified later
Final Result DeclarationTo be Updated

RBI Grade B Notification

The RBI Grade B notification contains all the important details related to the recruitment of candidates as a Grade B officer in RBI. Candidates can through the notification to know about the various details related to the RBI Grade B exam such as:

  • Eligibility Criteria
  • Exam Pattern
  • Vacancies
  • Dates related to RBI Grade B
  • Selection Process
  • Application process
  • Application Fee
  • How to apply

Candidates can know all the relevant details related to the RBI Grade B exam. So, they must go through the RBI Grade B recruitment before applying for the exam. Once the candidate is sure that he/she has fulfilled the required eligibility criteria and other qualification(if required) then only the candidate must apply for the exam. Category wise vacancy details can also be seen in the recruitment notification.

RBI Grade B Vacancies

The RBI Grade B Vacancies for the year 2020 has not been released yet. However, you can refer the previous year vacancy details as released in the official notification of RBI Grade B 2020. Vacancies for the post of RBI Grade B General, RBI Grade B DEPR and RBI Grade B DSIM can be checked below:

PostsVacancy
RBI Grade B DR- General156
RBI Grade B DR -DEPR20
RBI Grade B DR – DSIM23
Total199

RBI Grade B Salary And Allowances

Pay Scale: The RBI Grade B officers salary annually ranges from 12-14 lacs. Selected Candidates will draw a starting basic pay of ₹ 35,150/- p.m. in the scale of Rs. 35150-1750 (9)-50900-EB-1750 (2)-54400-2000 (4)-62400 applicable to Officers in Grade B and they will also be eligible for Dearness Allowance, Local allowance, House Rent Allowance, Family allowance and Grade Allowance as per rules in force from time to time. At present, initial monthly Gross emoluments are approximately ₹ 77,208/-(approx.)

Allowances: Bank’s accommodation, subject to availability, reimbursement of expenses for maintenance of vehicle for official purpose, newspaper, telephone charges, book grant, allowance for furnishing of residence, etc. as per eligibility. Free dispensary facility besides reimbursement of medical expenses for OPD treatment/hospitalization as per eligibility. Interest-free festival advance, Leave Fare Concession (once in two years for self, spouse and eligible dependents). Loans and Advances at concessional rates of interest for Housing, Vehicle, Education, Consumer Articles, Personal Computer, etc. Selected candidates will be governed by ‘the defined contribution New Pension Scheme (NPS)’, in addition to the benefit of Gratuity

RBI Grade B 2020 Eligibility Criteria

RBI Grade B eligibility criteria is an important point that a candidate must go through. A person to select through the RBI Grade B 2020 Notification must have certain eligibility criteria. The most important thing to clarify your age and educational qualification. If these two is not matching with RBI Grade B Notification you are not eligible to apply. So clearly read the eligibility norms of RBI Grade B 2020. So that you can get a clear idea to apply and also easy to ensure your eligibility for RBI Grade B Officer posts.

Educational Qualification

  • The candidates must have 60% of marks scored in Bachelor’s degree,10th Std and 12th Std. In the case of reserved category candidates, the above percentage of mark scored will be reduced as 50%.
  • The candidates who are holding a Masters Degree 55% will be allowed to apply. furthermore clarification on an educational category you can refer the official notification at the RBI web portal.

RBI Grade B (DR – General)

  • The candidates must have 60% of marks scored in Bachelor’s degree,10th Std, and 12th Std. In case of reserved category candidate, the above percentage of mark scored will be reduced as 50%. or Diploma or equivalent

RBI Grade B (DR – DEPR)

  • Post-graduation Degree in Economics / Econometrics / Quantitative Economics / Mathematical Economics / Integrated Economics Course/ Finance, with 55% of marks scored or an equivalent grade in aggregate of all semesters /years from a recognized University / Institute
  • If the candidate holding M.Phil. Degree and Doctorate Degree in above-given specifications they will get relaxation in their age limit. Upper age relaxation applicable 2 years and 4 years respectively.

RBI Grade B (DR – DSIM)

  • Post Graduation in Statistics/ Mathematical Statistics/ Mathematical Economics/ Econometrics/ Statistics & Informatics from IIT-Kharagpur/ Applied Statistics & Informatics from IIT-Bombay

(OR)

  • G Degree in Mathematics and the one-year postgraduate diploma in Statistics or related subjects from an institute of repute.

(OR)

  • Stat. Degree of Indian Statistical Institute.

(OR)

  • PG Diploma in Business Analytics (PGDBA) jointly offered by ISI Kolkata, IIT Kharagpur, and IIM Calcutta.

Age Limit for RBI Grade B 2020 Applicants

RBI stated that applicants of RBI Grade B Officer post should have the following age criteria to apply online. Age relaxation applicable for reserved category details you can get below.

  • Minimum Age for RBI Grade B Officers – 21 years
  • Maximum Age for RBI Grade B Officers – 30 years

Age Relaxation

  • SC/ST – 5 years
  • OBC –3 years
  • Physically challenged candidate –10 Years
  • Ex-Servicemen / Ex-Employee of Banking Institutions – 5 years

Number of Attempts

The candidates can take 6 attempts. More than that the candidate will not be eligible to apply.

RBI Grade B Selection Process

The RBI Grade B selection process consists of three stages as mentioned in the official notification of RBI Grade B. The candidates will have to qualify each of the stages in order to get the final selection as an RBI Grade B officer after clearing the respective cut-offs.

  • Phase I
  • Phase II
  • Interview process

RBI Grade B Apply Online

Candidates must carefully check the steps to apply online for the RBI Grade B exam. Filling any wrong details may lead to disqualification of the candidate even after the final selection. Every detail should be carefully filled and instructions must be carefully read before while applying for the RBI Grade B exam. Below are the steps to apply for the RBI Grade B exam:

Step 1: Visit the official website of RBI, open the link Provided RBI Grade-B online Application.

Step 2: At top of the page you can find the button as “CLICK HERE FOR NEW REGISTRATION”. Click on it.

Step 3: The page will be redirected to the online registration page for RBI Grade B. Fill up all the mandatory information first. Click to save the details and give next to move on to the next page.

Step 4: After filling up all the basic information you will be redirected the next page of the RBI Grade B application form where you will be required to upload the photograph and signature of the dimensions and size mentioned. Upload the photograph and signature successfully and go for the next section of the RBI Grade-B 2020 Application Form by clicking the next button.

Step 5: In this section, the applicant has to fill up their personal details, educational qualifications, and work experience. Candidates are not required to submit along with their applications any certificate in support of their claims regarding Age, Educational Qualifications, Scheduled Castes/ Scheduled Tribes/Other Backward Classes and Physically disabled, etc. which will be verified at the time of the Interview only. Candidates must also carefully chose their RBI Grade B exam centers.

Step 6: Preview the filled online application form of RBI Grade-B. Once the verification is over give submit. Once you submit the application for RBI Grade B you are not allowed to edit the application form. So do check all the details before final submission.

Step 7: In the next step, candidates need to fill the application fee based on their respective categories.

Step 8: Click the Submit button. Now the application will be successfully submitted.

RBI Grade B Image Specifications

Below are the specifications required for the different images and documents to be uploaded while filling the online application form:

  1. Size of the photograph (Passport size only) – 5 cm * 3.5 cm
  2. File Size of the photograph – Minimum 20 KB & Maximum 50 KB.
  3. File Size for Signature – Minimum 10 KB & Maximum 20 KB.
  4. Left Thumb Impression-10 – 20 KBS, 140 X 60, JPEG/JPG.
  5. Hand Written Declaration- 20 – 50 KBs, 140 X 60, JPEG/JPG.

RBI Grade B Application Fee

The application fee is to be paid by the candidates after filling the RBI Grade B form. Relaxation is applicable for reserved category students. Check the application fee according to your respective category as mentioned below:

  • General and OBC category – Rs. 850/-
  • SC/ST/PWD category – Rs. 100/-

RBI Grade B Job Profile

The Reserve Bank of India has various departments under it and the candidates can given multiple roles during their job at the RBI. The Roles that an RBI Grade B officer can be given are as follows:

  • Issuer of Currency
  • Banker and Debt Manager to Government
  • Banker’s bank and supervisor
  • Regulator of the Banking System
  • Manager of Foreign Exchange
  • Regulator and Supervisor of the Payment and Settlement Systems
  • Developmental Role
  • Monetary Policy

These are some of the roles that can be given to an RBI Grade B officer. It is this diversity in the job profile which makes the RBI Grade B job the most sought after in the country.

RBI Grade B Career and Growth

Seniority: Candidates selected from separate recruitments for the post of Officer in Gr. B (DR) for General, DEPR, DSIM streams will join the Combined Seniority Group and the seniority among these officers will be fixed according to the ranking worked out by using the standard percentile score of aggregate marks of selected candidates.

Promotions: The Following is the order of promotions in RBI Grade B starting from the post of Assistant Manager and can also become the Governor in the Reserve Bank of India:

  • Assistant Manager
  • Manager
  • Assistant General Manager
  • Deputy General Manager
  • General Manager
  • Chief General Manager
  • Principal Chief General Manager
  • Executive Director
  • Deputy Governor
  • Governor

RBI Grade B Exam Pattern

RBI Grade B exam pattern is an important aspect to understand before a candidate starts their preparation for the RBI Grade B exam. Below we have given the Phase-I and Phase-II exam pattern of the RBI Grade B exam.

Phase-I Pattern

SectionsQuestionsMarksDuration
General Awareness8080120 Minutes, section-wise timing
Quantitative Aptitude3030
English Language3030
Reasoning6060
Total200200

Officer in DR- General: Phase-II Pattern

SectionMarksDuration
Economics and Social Issues (Objective Type)10090 minutes
Finance and Management (Objective Type)10090 minutes
English (Writing Skills) – (Descriptive)10090 minutes

Officers in Grade ‘B’ DR-(DEPR): Phase II Pattern

S.NoName of PaperDurationMax Marks
1Paper-I Objective Type (on Economics)120 minutes100
2Paper-II Descriptive Type (on Economics)
(Question paper displayed on a computer,
answers to be written on paper)
180 minutes100
3Paper-III English – Descriptive
(To be typed with help of keyboard)
90 minutes100
Total300

Officers in Grade ‘B’ (DR) – DSIM- 2020: Phase II Pattern

S.NoName of PaperDurationMax Marks
1Paper-I Objective Type (on Economics)120 minutes100
2Paper-II Descriptive Type (on Economics)
(Question paper displayed on a computer,
answers to be written on paper)
180 minutes100
3Paper-III English – Descriptive
(To be typed with help of keyboard)
90 minutes100
Total300

RBI Grade B 2020-Interview Process

Shortlisted candidates from the Phase II examination will be called for the Interview Process. Candidates will be shortlisted for the interview, based on an aggregate of marks obtained in Phase-II (Paper-I +Paper-II +Paper-III). Interview of RBI Grade B carries 50 marks. The candidate may opt for an interview either in Hindi or English. Final Selection will be through merit list which will be prepared by adding marks secured by candidates in Phase-II examination and interview.

Interview – 50 Marks

RBI Grade B Syllabus

RBI Grade syllabus is different for the prelims and mains exam. It is one such exam in the banking sector which tests the candidates on different parameters in all the phases of the RBI Grade B exam. Candidates must understand the syllabus and note down the topics which need to be covered while preparing for the RBI Grade B exam. Below we will give you an overview of the RBI Grade B exam syllabus for the prelims and mains which a candidate preparing for the exam needs to cover.

RBI Grade B 2020 – Phase I Exam Syllabus

The RBI Grade B Phase-I exam consists of four sections namely Reasoning, Quantitative Aptitude, English Language and General Awareness. Candidates must stick to the syllabus while preparing for the RBI Grade B exam. Below are the topics under these sections which needs to be covered by the candidates

ReasoningQuantitative AptitudeEnglish LanguageGeneral Awareness
Alphanumeric SeriesNumber SystemReading ComprehensionBanking & Financial Awareness
Logical ReasoningSimplification & ApproximationClose testMonetary Policies
Order Ranking/ DirectionProfit & LossPara-JumbleEconomic terms
Alphabet TestMixture & AllegationSpotting ErrorIndian Banking System
Data SufficiencySurds and IndicesFill-Ups Single & double FillerBanking terms
Coded InequalitiesSimple & Compound InterestParagraph CompletionCurrent Affairs
PuzzleSpeed, Time & DistanceIdioms & PhrasesAward & honors
Seating ArrangementTime & WorkSports
SyllogismMensurationScience & Research
TabulationPermutation & CombinationGovernment Schemes & Policies
Coding & DecodingProbabilityImportant dates & Themes
Input-OutputData InterpretationStatic GK
Blood RelationData SufficiencyNational & International Financial Institutions
Ratio & Proportion
Percentage
Number series Wrong & Missing

RBI Grade B 2020- Phase II Exam Syllabus

RBI Grade Officers selection will be based on two-phase examination such as Phase I and II. The Mains exam score will be calculated for final merit. Interview and Mains exams score only decide the candidates who are going to be selected for RBI Grade B. In RBI Grade B mains syllabus contain 3 different topics that are Economic & Social Issues, Finance, and Management.

  • Economic & Social Issues
  • Finance
  • Management
SubjectSyllabus
Economic & Social IssuesGrowth and Development
Economic Reforms in India
Globalization
Social Structure in India
FinanceFinancial System
Financial Markets
Risk Management
Basics of Derivatives
Development in the Financial Sector
Union Budget
Inflation
ManagementRole of Manager
Human Resource Development
Motivation, Morale and Incentives
Communication
Corporate Governance

RBI Grade B Study Plan

Candidates must prepare a proper study plan in order to prepare for the RBI Grade B exam. Seeing the tough competition candidates must put in all their efforts in RBI Grade B preparation. Here we will give you some tips and strategies to prepare for the RBI Grade 2020 exam.

  1. Create a daily time table: Candidates must prepare a daily time table and stick to it. Make a list of topics to be covered on that particular day and try to cover them.
  2. Revision: Make a habit of revision form the start of the preparation. Regular revision of topics prepared before is important during the preparation.
  3. Awareness of Financial Topics: Candidates must read daily newspapers in order to cover the financial issues going on in the country and it will in the mains exam as well as during the interview.
  4. Understand the syllabus: Candidates must go through the exam syllabus before they start their preparation for the RBI Grade B 2020 exam. Candidates must keep checking the syllabus during their preparation in order to stick to the syllabus and not go beyond that.
  5. Attempt Mocks: Candidates must keep attempting regular mocks in order to know their weak areas and also to understand where they stand in this tough competition.

RBI Grade B Exam Analysis

Check the RBI Grade B exam analysis for Phase I and Phase II separately:

Phase I Exam Analysis

SectionNo. of QuestionsDifficulty LevelGood Attempts
General Awareness80Easy-Moderate45 – 52
English Language30Easy-Moderate23 – 25
Quantitative Aptitude30Easy-Moderate20 – 23
Reasoning60Moderate- Difficult32 – 34
Total200Easy-Moderate120 – 120

RBI Grade B Mains Exam Analysis

Paper 1 – Economic and Social Issues

This paper was divided into two parts: Part A and Part B.

  • Part A consisted of questions based on passages from which the context of the passage was to be understood to give the answers.
  • Part B consisted of questions which were more factual based and data-oriented.
  • Part A of the paper-I had 35 questions of 2 marks each.
  • Part B had 30 questions of 1 mark each.

Paper 2 – Finance and Management

Paper 2 was also on the same pattern with the paper divided into two parts: Part A and Part B.

  • Part A consisted of questions from Finance. It contained 35 questions of 2 marks each.
  • Questions from Finance were only factual based and no numerical questions were asked.
  • Part B consisted of questions from Management. It had a total of 30 questions of 1 mark each.

Paper 3 – English

The RBI Grade B exam analysis for the English section is as follows:

  • It is a descriptive based paper.
  • Only 3 questions were asked from this section.
  • The first question is of essay of 40 marks and the word limit was 300 words.
  • In the second question, candidates are required to write a precis which was of 30 marks with 170 words limit.
  • The third question is of Reading Comprehension

RBI Grade B Cut-Off

Check the RBI Grade B cut-offs for 2019 and 2018 to understand the level of the competition.

Phase-1 cut-off 2019:

SubjectUREWSOBCSCSTPwBD(OH,HH, VH, MD)
General Awareness (Max- 80 marks)20.0020.0016.0014.2514.2514.25
Reasoning (Max-60 marks)15.0015.0012.0010.7510.7510.75
English Language (MAX-30 marks)7.507.506.005.255.255.25
Quantitative Aptitude (Max-30 marks)7.507.506.005.255.255.25
Total Marks122.00122.00115.50108.00108.00108.00

Phase-1 cut-off 2018:

SubjectUREWSOBCSCSTPwBD(OH,HH, VH, MD)
General Awareness (Max- 80 marks)20.0016.0014.2514.2514.2520.00
Reasoning (Max-60 marks)15.0012.0010.7510.7510.7515.00
English Language (MAX-30 marks)7.506.005.255.255.257.50
Quantitative Aptitude (Max-30 marks)7.506.005.255.255.257.50
Total Marks105.7595.7591.7591.7591.75105.75

 Phase-2 cut-off 2018:

ExamUROBCSCSTPWD
Phase-2 Cut Off  Marks (Out of 300 marks)201.25180.25180.25186.25180.25

Grade B Final cut-off 2018:

ExamUROBCSCSTPWD
RBI Grade BFinal cut-off201.25180.25180.25186.25180.25

RBI Grade B 2020 Mock Tests

RBI Grade B 2020 Mock Test is the single most important thing which you cannot skip during your RBI Grade B 2020 preparation. Especially, when your Mains exam is just a month away. 

  • Attempt at least one mock daily in the last month of your preparation.
  • Look for your weak areas in the analysis part of your mock.
  • Try to improve on your weakness on the same day.
  • Attempt the next mock only after rectifying your mistakes in the previous mock.
  • Stop giving mocks 2-3 days before the exam day so that you do not lose your motivation before the final day.

RBI Grade B 2020 Exam Preparation Tips

Before starting the preparation part you should know the selection process. According to the exam pattern and marks distribution, you can give attention to each topic. The weight-age of the mark will be different on each topic in RBI Grade B Syllabus. To enhance your knowledge practice more with RBI Grade B Mock Test Papers and take time to analyze the test papers. Some of the study tips given below take a look and prepare for RBI Grade B examination.

  • To prepare for the General Awareness section you should cover news updates main events from the last 4-5 months. Daily Current Affairs available at IBPSGUIDE read it regularly.
  • Try to learn basic Grammar topics such as Tenses, Articles, Prepositions, Degrees of Comparison, Subject-Verb Agreement, Conjunctions, Parts of Speech, Standard Construction, Adverbs, Number in Nouns, etc. Practice with “English 20-20” available here.
  • Practice with simplification, Number Series, Data Interpretation (DI). These are the main topic of QA.
  • First try to practice more on Coding-Decoding, Inequalities, Arrangement & Pattern, Analogies, Ordering & Ranking in 5-7 minutes in the reasoning section. Try to attend easy topics first in the reasoning section.

RBI Grade B Admit Card 2020

RBI release RBI Grade B admits card for Prelims and Mains Examinations separately. Usually, RBI Grade B Admit Card will be released 10-15 before the examination. Admit card will be out once the exam dates are finalized after the release of the official notification from RBI . So stay connected on this page and also you can visit the official webpage to download the RBI Grade B 2020 Admit Card.

RBI Grade B 2020- Exam Results

RBI Grade B 2020 Result will be announced for Various officers vacancies. Candidates can download the PDF file to know the shortlisted list for Phase-II Examination once the results are out. RBI Grade B scorecard will be out after the release of the PDF result of the selected candidates.

Click Here for RBI Result 2020 Officers in Grade ‘B’ (General) (DR) [ To be Updated]

Click Here RBI Grade ‘B’ Result (DEPR) 2020 [To be Updated]

Click Here For RBI Grade ‘B’ (DSIM) 2020 [To be Updated]

RBI Grade B FAQs

Q. What is the marking scheme of RBI Grade B?

A. The Phase I exam consists of 200 marks, Phase II exam consists of 300 marks and the interview holds 50 marks.

Q. What is the duration of the RBI Grade B Phase II exam?

A. The RBI Grade B phase II is 90 minutes for each section.

Q. Is Mains exam of RBI Grade-B is subjective type?

A. No, the whole Exam is not subjective type the Paper 1 & Paper -2 are objective and Paper-3 English is Subjective which is writing Skill.

Q. Is there sectional timing in the RBI Grade-B Prelims exam?

A. No, there is no sectional timing in the Grade-B prelims exam.

Q. Is the RBI Assistant exam difficult?

A. Proper preparation strategy, plan, and hard work are the most important keys to clear the RBI Assistant exam. The difficulty level is easy-moderate, make an RBI Assistant study plan, and preparing according to plan to easily clear the exam.

Q. What are the details required for filling the RBI Grade-B Application form?

A. The information required is the Applicant’s name, Mobile number, email ID is asked in the first part. The educational qualifications, contact details, DOB, etc. are required for online form filling.

Q. What is Age Limit for the RBI Grade-B Application?

A. The minimum age is 21 and the maximum is 30 years, and age relaxation is as per government norms.