RBI GRADE – B


 

* About RBI Grade B

 

* Eligibility

 

* Exam Pattern & Syllabus

 

* How to apply

 

* Course details

 

* Exam Time-table

 

* Notification 2018

 

* Video lectures

 

* Registration Forms

About RBI Grade -B

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What is the meaning of RBI Grade B (DR)?

Every year Reserve Bank of India (RBI) makes Direct Recruitment (DR) for the posts in Common Seniority Group (CSG) streams. Grade B officers join as Managers in RBI on qualifying RBI Grade B Direct Recruitment (DR) Examination. Grade B officer is the ONLY direct officer level entry into RBI.

 

What are the posts in RBI Grade B (DR) {Direct Recruitment}?

1) Officers in Grade ‘B’ (DR) – (General)

2) Officers in Grade ‘B’ – (DR) – (DEPR)  {Department of Economics and Policy Research}

3) Officers in Grade ‘B’ – (DR) – (DSIM) {Department of Statistics and Information Management}

 

What is the pay scale for RBI officers in Grade B?

Selected Candidates will draw a starting basic pay of Rs. 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 Rs. 75,831/-(approx.) Note: For candidates possessing very high academic or professional qualification / experience of significant value to the Bank, the Bank may, at its sole discretion, consider granting up to four advance increments. The Board, at its sole discretion, may consider requests for higher emoluments on account of higher qualification/special experience of value to the Bank at the interview stage only. Such information may be furnished in the Bio – data Form in the appropriate column. The number of maximum increments will be four. The Board/Bank will not entertain any request received after the interview.

How seniority is calculated for RBI officers in Grade B?

Candidates selected from separate recruitments for the post of Officer in Gr. B (DR) for General, DEPR, DSIM streams will join the Common 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.

 

What perquisites are available for RBI officers in Grade B?

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.

Note:

(i) At certain centres, limited number of residential quarters are available. Facility for securing residential accommodation on lease, however, exists at all centres.

(ii) Initial appointment will be on probation for a period of two years. At Bank’s discretion, the probationary period may be extended upto a maximum period of four years.

(iii) There are reasonable prospects for promotion to higher grades.

(iv) Selected candidates are liable to be posted and transferred anywhere in India.

 

Eligibility

 

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What are the eligibility conditions for RBI Grade B Examination?

Nationality, Age limits, Minimum educational qualification, Number of Attempts.

 

What are the age limits for RBI Grade B Examination?

(a) A candidate must have attained the age of 21 years and must not have attained the age of 30 years on the 1st of July, 2019 i.e., he/she must have been born not earlier than 2nd July, 1989 and not later than 1st July, 1998. For candidates possessing M.Phil. and Ph.D. qualification, upper age limit will be 32 and 34 years respectively.

(b) The upper age-limit prescribed above will be relaxable:

(i) up to a maximum of five years for candidates belonging to a Scheduled Caste or a Scheduled Tribe if the posts are reserved for them;

Note 1: A candidate will be eligible to get the benefit of community reservation only in case the particular caste to which the candidates belong is included in the list of reserved communities issued by the Central Government. If a candidate indicates in his/her application form that he/she belongs to General category but subsequently writes to the Board to change his/her category to a reserved one, such request shall not be entertained by the Board. Similar principle will be followed for PwBD categories also. In case of a candidate unfortunately becoming physically disabled during the course of the examination process, the candidate should produce valid document showing him/her acquiring a disability to the extent of 40% or more as defined under RPWD Act, 2016 to enable him/her to get the benefits of PwBD reservation.

Note 2: Candidates seeking reservation/ relaxation benefits available for SC/ST/OBC/PwBD /Ex-servicemen must ensure that they are entitled to such reservation/ relaxation as per eligibility prescribed. They should also be in possession of all the requisite certificates in the prescribed format in support of their claim as stipulated for such benefits and these certificates should be dated earlier than the due date (closing date) of the application

(ii) up to a maximum of three years in the case of candidates belonging to Other Backward Classes who are eligible to avail of reservation applicable to such candidates if the posts are reserved for them;

Note: Candidates belonging to OBC category but coming in the ‘Creamy Layer’ are not entitled to OBC reservation. They should indicate their category as ‘General (GEN)’.

(iii) up to a maximum of five years for ex-employees of banking institutions whose services had to be terminated for reasons of economy or as a result of bank going into liquidation and personnel retrenched from Government Offices after at least one year’s service and currently registered with Employment Exchange;

(iv) up to a maximum of five years if a candidate had ordinarily been domiciled in the State of Jammu and Kashmir during the period from the 1st January, 1980 to the 31st day of December, 1989;

(v) up to a maximum of five years in the case of ex-servicemen including Commissioned Officers and ECOs/SSCOs who have rendered at least five years Military Service as on 1st July, 2019 and have been released;

  • on completion of assignment (including those whose assignment is due to be completed within one year from 1st July, 2019 otherwise than by way of dismissal or discharge on account of misconduct or inefficiency; or
  • on account of physical disability attributable to Military Service; or
  • on invalidment.
  • rbi grade b age limit

(vi) up to a maximum of five years in the case of ECOs/SSCOs who have completed an initial period of assignment of five years of Military Service as on 1st July, 2019 and whose assignment has been extended beyond five years and in whose case the Ministry of Defence issues a certificate that they can apply for civil employment and that they will be released on three months’ notice on selection from the date of receipt of offer of appointment.

(vii) Up to a maximum of 10 years in the case of Persons with Benchmark Disabilities. For SC/ST PwBD up to a maximum of 15 years and for OBC PwBD up to a maximum of 13 years, subject to reservation of vacancies under the respective post. Relaxation in upper age limit for PwBD will be subject to the posts having been identified suitable for such disabilities.

(viii) For candidates having experience as an officer in Commercial Bank/Financial Institution in Public Sector as also prior experience in Reserve Bank of India, upper age limit is relaxed to the extent of number of completed years of such experience subject to a maximum of three years. For such candidates, upper age limit should not exceed 33 years including experience. For experience, probationary period will not be reckoned.

(ix) For eligible staff candidates (RBI staff) the relaxation in age limit is according to RBI circular CO. HRMD.No.G-75/5599/05.01.01/2013-2014 dated December 20, 2013.

Note: The posts are also open to the employees of RBI (Staff Candidates) who satisfy the eligibility criteria separately stipulated by the Bank vide their circular CO. HRMD.No.G-75/ 5599/ 05.01.01/2013-2014 dated December 20, 2013 and who apply Online within the closing date. Their status as staff candidate will be verified at the time of interview

(x) For recruitment to the post of Gr. B (DR)-DEPR/DSIM candidates having Master’s Degree with Research/Teaching experience at a recognised Indian/Foreign University/Institute will be eligible for relaxation in upper age to the extent of number of years of such experience subject to a maximum of three years. For experience, probationary period will not be reckoned.

Note I: – Candidates belonging to the Scheduled Castes and the Scheduled Tribes and the Other Backward Classes who are also covered under any other clauses of Para 3 II (b) above, viz. those coming under the category of Ex-servicemen, persons domiciled in the State of J & K, Persons with Benchmark Disabilities etc. will be eligible for grant of cumulative age-relaxation under both the categories.

Note II: – The term Ex-servicemen will apply to the persons who are defined as Ex-servicemen in the Ex-servicemen (Re-employment in Civil Services and Posts) Rules, 1979, as amended from time to time.

Note Ill: – The age concession under Para 3 II (b) (v) and (vi) will not be admissible to Ex-servicemen and Commissioned Officers including ECOs/SSCOs, who are released on own request.

Note IV: – Notwithstanding the provision of age relaxation under Para 3 II (b) (vii) above, a person with benchmark disability will be considered to be eligible for appointment only if he/she (after such physical examination as the Bank, may prescribe) is found to satisfy the requirements of physical and medical standards for the concerned Services/Posts to be allocated to the physically disabled candidates by the Bank. Ill. Minimum Educational

Note V: – Female candidates who have changed first/last/middle name post marriage must take special note of this. In case of candidates who have changed their name, will be allowed only if they produce – original Gazette Notification/their original marriage certificate/affidavit in original, together with a photocopy. If there is any mismatch between the name indicated in the Admission Letter/ Examination Call Letter and Photo Identity Proof, the candidate will not be allowed to appear for the examination.

 

What are the minimum educational qualifications for RBI Grade B Examination?

The following minimum educational qualifications are prescribed for the posts:

PostsMinimum Educational Qualifications (as on 01-07-2019):
1. Officers in Grade 'B' (DR) - (General)• A minimum of 60% marks (50% in case of SC/ST/PwBD) or an equivalent grade in Bachelor's degree as well as in 12th (or Diploma or equivalent) and 10th Standard examinations.
• The minimum qualifying percentage or an equivalent grade for the Bachelor's degree will be in aggregate for all semesters / years
2. Officers in Grade 'B' (DR) - DEPREssential:
a. A Master's Degree in Economics / Econometrics / Quantitative Economics / Mathematical Economics / Integrated Economics Course/ Finance, with a minimum of 55% marks or an equivalent grade in aggregate of all semesters /years from a recognised Indian or Foreign University /Institute.

Note: SC, ST and PwBD candidates having second class with a minimum of 50% marks or equivalent grade in aggregate of all semesters / years in Master's Degree examination or equivalent recognized qualifications are eligible to apply.

Desirable: A Doctorate Degree in Economics or research or teaching experience in Economics or publications in standard journals would be considered as an additional qualification.

Candidates having M.Phil. Degree and Doctorate Degree from a recognized Indian/Foreign University/Institute in the specified subjects will be eligible for relaxation in the upper age limit by 2 years and 4 years respectively.

(i) Candidates having Master's Degree with Research/Teaching experience at a recognized Indian/Foreign University/ Institute will be eligible for relaxation in upper age limit to the extent of number of years of such experience subject to a maximum of three years. For experience, probationary period will not be reckoned.
(ii) The above age relaxations will not be cumulatively available with age relaxations available to various categories as mentioned in Para 3 II (b) above.
3. Officers in Grade 'B' (DR) - DSIMEssential:
a. A Master's Degree in Statistics/ Mathematical Statistics/ Mathematical Economics/ Econometrics/ Statistics & Informatics from IIT-Kharagpur/ Applied Statistics & Informatics from IIT-Bombay with a minimum of 55% marks or equivalent grade in aggregate of all semesters / years; OR
b. Master's Degree in Mathematics with a minimum of 55% marks or an equivalent grade in aggregate of all semesters / years and one year post graduate diploma in Statistics or related subjects from an institute of repute; OR
c. M. Stat. Degree of Indian Statistical Institute with a minimum of 55% marks in aggregate of all semesters / years OR
d. Post Graduate Diploma in Business Analytics (PGDBA) jointly offered by ISI Kolkata, IIT Kharagpur and IIM Calcutta with a minimum of 55% marks or equivalent grade in aggregate of all semesters/years.

NOTE: For SC, ST and PwBD candidates, the minimum marks required in Master’s Degree as in items a, b, c and d above is 50% or an equivalent grade in aggregate of all semesters/ years.

Desirable:
(i) Candidates with a Doctorate in topics related to above subjects will be given preference.
(ii) Research or teaching experience and publication in standard journals will be considered as an additional qualification.

Note:
(i) Candidates possessing M.Phil. and Ph.D. qualification in the specified subjects will be eligible for relaxation in upper age limit by 2 years and 4 years respectively.
(ii) Candidates with research / teaching experience at a recognized Indian / Foreign University/Institute will be eligible for relaxation in upper age limit to the extent of number of years of such experience subject to a maximum of three years. For experience, probationary period will not be reckoned.
(iii) The above age relaxations will not be cumulatively available with age relaxations available to various categories as mentioned in Para 3 II (b) above.

Note I: The candidate must hold a degree of any of Universities incorporated by an Act of the Central or State Legislature in India or other educational institutions established by an Act of Parliament or declared to be deemed as a University Under Section-3 of the University Grants Commission Act, 1956, or possess an equivalent qualification from a foreign university recognized by the Association of Indian Universities.

Note II: Some Universities/Institutes/Boards do not award Class or percentage of marks and allot Aggregate Grade Points (e.g. CGPA/OGPA/CPI, etc.). In case University/Institute/Board defines criteria for conversion of Aggregate Grade Point into percentage of marks, the same will be accepted. However, where the University/Institute/ Board does not define criteria for conversion of Aggregate Grade Point into percentage of marks, in the degree/passing certificates, the undefined parameter(s) would be worked out as under:

Equivalent CGPA/OGPA/CPI or similar terminologies allotted on a 10 point scaleAggregate Percentage of Marks
6.7560%
6.2555%
5.7550%

Note III: Aggregate Grade Point or percentage of marks where awarded would mean aggregate over the entire duration of the course.

Note IV: Where the Aggregate Grade Point (CGPA/OGPA/CPI, etc.) is awarded out of a number other than 10, it will be normalized out of 10 and computed as per note 2 above.

Note V: The relaxation in minimum educational qualifications for SC/ST/PwBD candidates mentioned above is subject to reservation of vacancies under the respective post and category and identification of posts for PwBD as notified above

 

How many attempts are allowed for RBI Grade B Examination?

Candidates belonging to unreserved i.e. General Category, who have already appeared Six times for Phase-I Examination for this post in the past, are not eligible to apply. No such restriction applies to candidates belonging to SC/ST/OBC/PwBD, if the posts are reserved for them.

 

Exam Pattern & Syllabus

 

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What is the Scheme of Examination for Officers in Grade B (DR)-General?

Or

What is the syllabus of the Examination for Officers in Grade B (DR)-General?

Selection will be through ONLINE Examinations and interview. Examinations will be held in two phases as described in following paragraphs.

 

(I) Phase-I online Examination (Objective Type):

This will comprise a single Paper for 200 marks. Depending on the number of candidates, the examination may be held in multiple shifts and on some other days also. A candidate, however, has to appear for examination in only one shift on the given day. The date, time and venue on which a candidate has to appear for examination will be specified in the Admission Letter (AL) to be downloaded by the candidate from our website (www.rbi.org.in). The ‘corrected-scores’ obtained by each of the candidates in different sessions (if held) will be normalized using equipercentile method.

a) The Paper will consist tests of

  1. General Awareness
  2. English Language
  3. Quantitative Aptitude and;
  4. Reasoning

A composite time of 120 minutes will be given for answering. Other detailed information regarding the examination will be given in an Information Handout, which will be made available for the candidates to download along with the Admission letter for examination from the RBI website.

Candidates have to secure minimum marks separately for each test as well as in aggregate, as may be prescribed by the Board.

Candidates, who secure minimum marks separately for each Test, as prescribed, will be shortlisted for Phase-II of the examination based on the aggregate marks obtained in Phase-I. The minimum aggregate cut-off marks for being shortlisted for Phase-II of the examination will be decided by the Board in relation to the number of vacancies. Roll No. of the candidates shortlisted for Phase-II examination will be published on RBI web-site, tentatively within a week after Phase-I examination.

Note: The Board does not furnish the mark-sheet to candidates. Marks obtained in Phase-I (Online exam) will be made available on the website (www.rbi.org.in) in an interactive mode, after shortlisting of candidates for Phase-II. However, the marks obtained in Phase-II Examination and Interview will be made available on the Bank’s web-site in an interactive mode only after declaration of the final result.

 

(II) Phase-II online Examination:

The Phase-II online Examination will be conducted on September 7, 2018, only for the candidates who are shortlisted on the basis of results of Phase-I. The Phase-II examination will be in shifts. Candidates are required to appear for all shifts. Separate Admission Letters will be issued for each shift. The time-table for Phase-II will be intimated to the candidates concerned along with Admission Letter for Phase-II. Phase–II online examination will consist of three papers as under:

Name of PaperType of PaperTime (Minutes)Marks
Paper-I:
Economic and Social Issues
Objective Type90100
Paper II:
English (Writing Skills)
Descriptive, to be typed with the help of the keyboard90100
Paper-III:
Finance and Management
Objective Type90100

NOTE: All question papers (in both the Phases, except the test of English) will be set bilingually in Hindi and English. The Board reserves the right to modify the exam dates and time entirely at its discretion.


(III) Interview:

Candidates will be shortlisted for the interview, based on aggregate of marks obtained in Phase-II (Paper-I +Paper-II +Paper-III). The minimum aggregate cut off marks for being shortlisted for Interview will be decided by the Board in relation to the number of vacancies. Roll No. of the candidates shortlisted for interview will be published on RBI website at appropriate time and interview call letters will be sent on registered email ID. Interview will be of 50 marks. Candidate may opt for 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.

 

SYLLABI (Phase-II)

Paper-I – Economic and social Issues:

Growth and Development – Measurement of growth: National Income and per capita income – Poverty Alleviation and Employment Generation in India – Sustainable Development and Environmental issues. Economic Reforms in India – Industrial and Labour Policy – Monetary and Fiscal Policy – Privatization – Role of Economic Planning. Globalization – Opening up of the Indian Economy – Balance of Payments, Export-Import Policy – International Economic Institutions – IMF and World Bank – WTO – Regional Economic Co-operation. Social Structure in India – Multiculturalism – Demographic Trends – Urbanization and Migration – Gender Issues – Social Justice : Positive Discrimination in favor of the under privileged – Social Movements – Indian Political System – Human Development – Social Sectors in India, Health and Education.

Suggested reference material:

Books:
1. Indian Economy: Uma Kapila.(Series of Books)
2. Indian Economy: Mishra Puri. (Latest Edition)
3. Growth And Development: Devraj Ray
4. Sociology: C.N. Shankar Rao
Weekly/Monthly/Magazines/Bulletins /Reports:
1. Economic and Political Weekly
2. Southern Economist
3. Yojana
4. Business India
5. RBI Bulletins
News Papers:
1. Economic Times 2. Hindu, 3. Business Standard
Reports:
1. World Development Report
2. Economic Survey of India

 

Paper-II -English (Writing Skills):

The paper on English shall be framed in a manner to assess the writing skills including expression and understanding of the topic.

 

Paper-III -Finance and Management:

(I) Finance

     (a) Financial System

  1. Regulators of Banks and Financial Institutions
  2. Reserve Bank of India- functions and conduct of monetary policy, Banking System in India, Financial Institutions – SIDBI, EXIM, NABARD, NHB, etc.

(b)Financial Markets

Primary and Secondary Markets (Forex, Money, Bond, Equity etc.), functions, instruments, recent developments.

(c) General Topics

  1. Risk Management in Banking Sector
  2. Basics of Derivatives: Forward, Futures and Swap
  3. Changing Landscape of Banking sector
  4. Recent Developments in the Financial Sector, Portfolio Investment, Public Sector Reforms, Disinvestments
  5. Financial Inclusion- use of technology
  6. Alternate source of finance, private and social cost-benefit, Public-Private Partnership
  7. Corporate Governance in Banking Sector, role of e-governance in addressing the issues of corruption and inefficiency in the government sector.
  8. The Union Budget – Direct and Indirect taxes; Non-tax sources of Revenue, GST, Thirteenth Finance Commission and GST, Finance Commission, Fiscal Policy, Fiscal Responsibility and Budget Management Act (FRBM),
  9. Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI – components and trends.

Suggested reference material:

  1. An introduction to Economics – A W Stonier and D C Hauge
  2. Monetary Theory and Public Policy – Kenneth Kurihara
  3. Indian Economy – Mishra and Puri
  4. Indian Economy – R. Dutt and KPM Sundaram
  5. Economic Growth and Development – Mayer and Baldwin
  6. Major economic newspapers and Economic and Political Weekly
  7. Public Finance – K K Andley and Sundaram
  8. Financial Management – Prasanna Chandra

 

(II) Management:

Management: its nature and scope; The Management Processes; Planning, Organisation, Staffing, Directing and Controlling; The Role of a Manager in an Organisation. Leadership: The Tasks of a Leader; Leadership Styles; Leadership Theories; A successful Leader versus an effective Leader. Human Resource Development: Concept of HRD; Goals of HRD; Performance Appraisal – Potential appraisal and development – Feedback and Performance Counselling – Career Planning – Training and Development – Rewards – Employee Welfare. Motivation, Morale and Incentives: Theories of Motivation; How Managers Motivate; Concept of Morale; Factors determining morale; Role of Incentives in Building up Morale. Communication: Steps in the Communication Process; Communication Channels; Oral versus Written Communication; Verbal versus non-verbal Communication; upward, downward and lateral communication; Barriers to Communication, Role of Information Technology. Corporate Governance: Factors affecting Corporate Governance; Mechanisms of Corporate Governance.

 

What is the Scheme of Examination for Officers in Grade B (DR)-DEPR?

Or

What is the syllabus of the Examination for Officers in Grade B (DR)- DEPR?

 

Officers in Grade ‘B’ (DR) – DEPR-2019- Job Requirement, Scheme of Selection and syllabus

(i) Job Requirements: Primarily to undertake economic analysis and research and contribute to policy formulation, apart from compilation of data relating to select sectors

ii) Scheme of Selection:

Selection will be through Online/ Written Examination (WE) and interview. There are 3 papers for the Examination. Paper I Objective Type (on Economics) to be held as per notification and Paper II & III will be held separately as per notification (date to be confirmed in admit cards).

Name of PaperName of PaperMaximumMarks
Paper-I Objective Type (on Economics)120 minutes100
Paper-II Descriptive Type (on Economics)
(Question paper displayed on computer, answers to be written on paper)
180 minutes100
Paper-III English – Descriptive
(To be typed with help of keyboard)
90 minutes100
Total300

 

A composite time of 120 minutes will be given for answering Paper I. Other detailed information regarding the examination will be given in an Information Handout, which will be made available for the candidates to download along with the Admission letter for examination from the RBI website.

Candidates have to secure minimum marks as may be prescribed by the Board.

Candidates, who secure minimum aggregate marks in Paper I, as prescribed, will be shortlisted for Paper-II/ Paper III of the examination based on the marks obtained in Paper-I. The minimum aggregate cut-off marks for being shortlisted for Paper II and Paper III of the examination will be decided by the Board in relation to the number of vacancies. Roll No. of the candidates shortlisted for Paper II and Paper III examination will be published on RBI web-site, tentatively within a week after Paper -I examination.

(iii) Paper – II and III online/Written Examination: The Paper II and Paper III Examination will be conducted, only for the candidates who are shortlisted on the basis of results of Paper-I. The Paper II and Paper III examination will be in shifts. Candidates are required to appear for all shifts. Separate Admission Letters will be issued for each shift. The time-table for Paper II and Paper III will be intimated to the candidates concerned along with Admission Letter for Paper II and Paper III.

(iv) Question papers for ‘WE’ will be set in Hindi and in English (except Paper-III on English). Answers for Paper-II may be written either in Hindi or English. Paper-III will have to be answered in English only. Candidates may opt for interview in Hindi or English.

(v) The number of candidates to be called for interview will be decided by the Board.

(vi) Final selection will be on the basis of performance in the ‘WE’ and interview taken together.

(vii) Syllabus:

(i) Standard of papers on Economics would be that of Master’s Degree examination in Economics of any Central University in India.

(ii) Syllabus for English: Essay, Précis writing, Comprehension and Business/Office Correspondence.

(viii) Suggested reading material: RBI publications viz., Annual Report, Report on Trend and Progress of Banking in India, Monetary Policy Report and the Financial Stability Report and the Economic Survey published by the Government of India over the previous two years.

 

What is the Scheme of Examination for Officers in Grade B (DR)-DSIM?

Or

What is the syllabus of the Examination for Officers in Grade B (DR)-DSIM?

 

Officers in Grade ‘B’ (DR) – DSIM- 2019- Job Requirement, Scheme of Selection and syllabus

(i) Job Requirements: To undertake collection, compilation, analysis and interpretation of data on banking, corporate and external sectors; Modelling and forecasting of inflation, growth and other important macroeconomics indicators; Analytical studies involving statistical/econometric models in the operational areas of interest to the Reserve Bank; Planning, designing and organizing sample surveys; maintaining technology-driven centralized reporting system and Data warehouse for information management /dissemination; and Development of methodology for the measurement and estimation of variables and improvement of the database of various sectors of the economy.

(i) Scheme of Selection:

Selection will be through Online/ Written Examination (WE) and interview. There are 3 papers for the Examination. Paper I Objective Type (on Statistics) to be held as per notification and Paper II & III will be held separately (date to be confirmed in admit cards).

Name of PaperName of PaperMaximumMarks
Paper-I Objective Type (on Statistics)120 minutes100
Paper-II Descriptive Type (on Statistics)
(Question paper displayed on computer, answers to be written on paper)
180 minutes100
Paper-III English – Descriptive
(To be typed with help of keyboard)

90 minutes100
Total300

 

A composite time of 120 minutes will be given for answering Paper I. Other detailed information regarding the examination will be given in an Information Handout, which will be made available for the candidates to download along with the Admission letter for examination from the RBI website.

Candidates have to secure minimum marks as may be prescribed by the Board.

Candidates, who secure minimum aggregate marks in Paper I, as prescribed, will be shortlisted for Paper-II/ Paper III of the examination based on the aggregate marks obtained in Paper-I. The minimum aggregate cut-off marks for being shortlisted for Paper II and Paper III of the examination will be decided by the Board in relation to the number of vacancies. Roll No. of the candidates shortlisted for Paper II and Paper III examination will be published on RBI web-site, tentatively within a week after Paper -I examination.

Paper – II and III online/Written Examination: The Paper II and Paper III Examination will be only for the candidates who are shortlisted on the basis of results of Paper-I. The Paper II and Paper III examination will be in shifts. Candidates are required to appear for all shifts. Separate Admission Letters will be issued for each shift. The time-table for Paper II and Paper III will be intimated to the candidates concerned along with Admission Letter for Paper II and Paper III.

(iv) Question papers for ‘WE’ will be set in Hindi and in English (except Paper-III on English). Answers for Paper-II may be written either in Hindi or English. Paper-III will have to be answered in English only. Candidates may opt for interview in Hindi or English.

(v) The number of candidates to be called for interview will be decided by the Board.

(vi) Final selection will be on the basis of performance in the ‘WE’ and interview taken together.

 

Syllabus:

Standard of papers would be that of Master’s Degree examination of any Central University in India.

Paper-I: Questions would cover Probability: Definition of Probability, Standard distribution, Large and small sample theory, Analysis of Variance, Estimation, Testing of Hypotheses, Multivariate analysis and Stochastic Processes.

Paper-II: Questions would cover (i) Probability and Sampling, (ii) Linear Models and Economic Statistics, (iii) Statistical Inference: Estimation, Testing of hypothesis and Non-parametric Test, (iv) Stochastic Processes, (v) Multivariate analysis and (vi) Numerical Analysis and Basic Computer Techniques. There will be sufficient choice for candidates to attempt the required number of questions fromany three ormore of the above six groups.

Paper-III: English: Essay, Précis writing, Comprehension and Business/Office Correspondence.

 

What is the manner of conduct of examinations for both GR B (DR)-DEPR /DSIM?

(i) The examination will be conducted on two days i.e. (date to be confirmed in admit cards).

(ii) Paper – I (Objective type on Economics / Statistics as the case may be) will be conducted online and comprise multiple choice questions.

iii) Paper – II (Economics / Statistics as the case may be) will be a descriptive type pen/paper based examination where the questions will be displayed on computer screen and will be conducted in one session.

(iv) Paper – III (English) will be of descriptive type where the candidates will be expected to type out answers on a computer.

(v) The Board reserves the right to modify the exam dates and time entirely at its discretion.

 

How to Apply

 

What is the scheme of for RBI Grade B Examination?

Selection for the aforementioned posts will be done through ONLINE examinations in Phase – I and Phase – II and interview. Detailed scheme of selection is given at Appendix – II (Gr. B(DR)-General) / Appendix – Ill (Gr. B(DR)-DEPR) and Gr. B(DR)-DSIM) which are available on the Bank’s website www.rbi.org.in.

Note: Candidates can select only one centre for Phase-I and one centre for Phase-II separately and must indicate the choice of centres in the online application. Choice of Centre by candidates for Phase-I and Phase-II Examinations can be different and must be indicated in the online application

 

What is the Exam Application Fee for RBI Grade B Examination?

Sr. No.CategoryChargesAmount*
1.SC/ST/PwBDIntimation Charges onlyRs.100/-
2.GEN/OBCApplication fee including intimation chargesRs.850/-
3.STAFF@NilNil

*Bank/Transaction charges are to be borne by the candidate.

@ Fee/Intimation charges waiver is only for those employees of RBI (Staff Candidates) who satisfy the eligibility criteria separately stipulated by the Bank vide its circular CO. HRMD. No. G-75/5599/ 05.01.01/ 2013-2014 dated December 20, 2013. Their status as staff candidate will be verified at the time of interview. In case they are not eligible to be treated as staff candidates (in terms of above referred HRMD circular), they are advised to indicate themselves as non-staff candidates and pay fees/ intimation charges as applicable to non-staff candidates.

Note I: Applications without the prescribed Fee/ Intimation Charges shall be summarily rejected.

Note II: Fee once paid shall not be refunded under any circumstances nor can the fee be held in reserve for any other examination or selection.

Note Ill: Fee/ Intimation Charges are required to be paid only in the manner prescribed in this advertisement.

 

How to apply for RBI Grade B Examination?

(a) Candidates are required to apply only online using the website www.rbi.org.in. No other means/mode of application will be accepted. Detailed instructions for filling up online applications are available at Appendix -I which is available on the Bank’s website www.rbi.org.in The applicants are advised to submit only single application; however, if due to any unavoidable situation, if he/she submits another/multiple applications, then he/she must ensure that application with the higher Registration ID {RID) is complete in all respects like applicants’ details, examination centre, photograph, signature, left thumb impression and hand writing undertaking, fee etc. The applicants who are submitting multiple applications should note that only the last completed applications with higher RID shall be entertained by the Board and fee paid against one RID shall not be adjusted against any other RID.

(b) All candidates, whether already in Government Service, Government owned industrial undertakings or other similar organisations, whether in a permanent or temporary capacity or as work charged employees other than casual or daily rated employees or those serving under the Public Enterprises are required to submit an undertaking in the Online application that they have informed in writing to their Head of Office/Department that they have applied for the Examination. Candidates should note that in case a communication is received from their employer by the Board withholding permission to the candidates applying for/appearing at the examination, their application will be liable to be rejected/candidature will be liable to be cancelled. At the time of joining, the recommended candidates will have to bring proper discharge certificates from their PSU/Government/Quasi -Government employer.

NOTE 1: While filling in his/her Application Form, the candidate should carefully decide about his/her choice of centre for the Examination. If any candidate appears at a centre other than the one indicated by the Board in his/her Admission Letter, the papers of such a candidate will not be evaluated and his/her candidature will be liable to cancellation.

NOTE 2: Suitable provisions for information regarding use of scribes by the blind candidates and candidates with Locomotor Disability including Cerebral Palsy, Leprosy Cured, Dwarfism, Acid Attack Victims and Muscular Dystrophy and candidates with multiple disabilities (as provided under Note 1 for PwBD candidates) where dominant (writing) extremity is affected to the extent of slowing the performance of function (minimum of 40% impairment) have been made in the online application at the time of the initial online application itself.

NOTE 3: Suitable provision for information regarding availing of compensatory time by the blind candidates and candidates with Locomotor Disability including Cerebral Palsy, Leprosy Cured, Dwarfism, Acid Attack Victims and Muscular Dystrophy and candidates with multiple disabilities (as provided under Note 1 for PwBD candidates) where dominant (writing) extremity is affected to the extent of slowing the performance of function (minimum of 40% impairment) whether availing the facility of scribe or not have also been made available at the time of the initial online application itself.

NOTE 4: 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 belonging to the OBC category should have OBC certificate issued on or after July 1, 2017. The candidates applying for the posts should ensure that they fulfil all the eligibility conditions for admission to the Examination. Their admission at all the stages of examination for which they are admitted by the Board viz. Phase -1, Phase – II or Interview Test will be purely provisional, subject to their satisfying the prescribed eligibility conditions. If on verification at any time before or after the Examinations and Interview Test, it is found that they do not fulfil any of the eligibility conditions; their candidature for the examination will be cancelled by the Board. If any of their claims is found to be incorrect, they may render themselves liable to disciplinary action by the Board. A candidate who is or has been declared by the Board to be guilty of:

(i) Obtaining support for his/her candidature by the following means, namely:-

  • offering illegal gratification to, or
  • applying pressure on, or
  • blackmailing, or threatening to blackmail any person connected with the conduct of the examination, or

(ii) impersonating, or

(iii) procuring impersonation by any person, or

(iv) submitting fabricated documents or documents which have been tampered with, or

(v) making statements which are incorrect or false or suppressing material information, or

(vi) resorting to the following means in connection with his/her candidature for the examination, namely

  • obtaining copy of question paper through improper means,
  • finding out the particulars of the persons connected with secret work relating to the examination.
  • influencing the examiners, or

(vii) using unfair means during the examination,

(viii) or writing obscene matter or drawing obscene sketches in the scripts, or

(ix) misbehaving in the examination hall including tearing of the scripts, provoking fellow examinees to boycott examination, creating a disorderly scene and the like, or

(x) using a scribe / availing compensatory time in examination despite being ineligible, or

(xi) harassing or doing bodily harm to the staff employed by the Board for the conduct of their examinations, or

(xii) being in possession of or using mobile phone, pager or any electronic equipment or device or any other equipment capable of being used as a communication device during the examination; or

(xiii) violating any of the instructions issued to candidates along with their Admission Certificates permitting them to take the examination, or

(xiv) attempting to commit or as the case may be abetting the Commission of all or any of the acts specified in the foregoing clauses; may in addition to rendering himself/herself liable to criminal prosecution, be liable.

  1. to be disqualified by the Board from the examination for which he/she is a candidate and/or
  2. to be debarred either permanently or for a specified period (i) by the Board from any examination or selection held by them; (ii) by the Bank from any employment under them; (iii) dismissal from service by the Bank if he / she is already in Bank’s employment; and (iv) if he/she is already in some other service, the Board writing to his/her employer for taking disciplinary action.

Provided that no penalty shall be imposed except after (i) giving the candidate an opportunity of making such representation, in writing as he/she may wish to make in that behalf; and (ii) taking the representation, if any, submitted by the candidate within the period allowed to him/her into consideration.

 

What are the Pre-Requisites for applying online for RBI Grade B Examination?

Before applying online, candidates should—

(i) Scan their:

  • photograph (4.5cm × 3.5cm)
  • signature
  • left thumb impression
  • a hand written declaration (text given below)
  • ensuring that the all these scanned documents adhere to the required specifications as given below.

(ii) Signature in CAPITAL LETTERS will NOT be accepted.

(iii) The left thumb impression should be properly scanned and not smudged. (If a candidate is not having left thumb, he/she may use his/ her right thumb for applying.)

(iv) The text for the hand written declaration is as follows –

“I, _______ (Name of the candidate), hereby declare that all the information submitted by me in the application form is correct, true and valid. I will present the supporting documents as and when required.”

(v) The above mentioned hand written declaration has to be in the candidate’s hand writing and in English only. If it is written and uploaded by anybody else or in any other language, the application will be considered as invalid. (In the case of Visually Impaired candidates who cannot write may get the text of declaration typed and put their left hand thumb impression below the typed declaration and upload the document as per specifications.)

(vi) Keep the necessary details/documents ready to make Online Payment of the requisite application fee/ intimation charges

(vii) Have a valid personal email ID and mobile no., which should be kept active till the completion of this Recruitment Process. Bank may send intimation to download call letters for the Examination etc. through the registered e-mail ID. In case a candidate does not have a valid personal e-mail ID, he/she should create his/her new e-mail ID and mobile no. before applying on-line and must maintain that email account and mobile number.

(viii) The board does not send any communication by any other mode than Email/SMS. No change in E-mail ID will be entertained during the entire process of the recruitment.

 

What is the procedure for applying online for RBI Grade B Examination?

  • A Candidates satisfying the conditions of eligibility as on July 1, 2019 are first required to visit the URL “Recruitment for the post of “Officers in Gr.’B’ (DR) General/DEPR/DSIM” on Bank’s website i.e. www.rbi.org.in >Opportunities@RBI >Current Vacancies > Vacancies and click on the hyperlink “Online Application Form” in the Advertisement page for filling the ‘Online Application’. It redirects the candidates to the online registration page.
  • (i)Candidates will have to enter their basic details and upload the photograph, signature, left thumb impression and a hand written declaration in the online application form as per the specifications given. (iii)To register application, choose the tab “Click here for New Registration” and enter Name, Contact details and Email-id. A Provisional Registration Number and Password will be generated by the system and displayed on the screen. Candidate should note down the Provisional Registration Number and Password. An Email & SMS indicating the Provisional Registration number and Password will also be sent.
  • In case the candidate is unable to complete the application form in one go, he / she can save the data already entered by choosing “SAVE AND NEXT” tab. Prior to submission of the online application candidates are advised to use the “SAVE AND NEXT” facility to verify the details in the online application form and modify the same if required. Visually Impaired candidates should fill the application form carefully and verify/ get the details verified to ensure that the same are correct prior to final submission.
  • Candidates are advised to carefully fill and verify the details filled in the online application themselves as no change will be possible/ entertained after clicking the FINAL SUBMIT BUTTON.
  • The Name of the candidate or his /her Father/ Husband etc. should be spelt correctly in the application as it appears in the Photo identity proof / Certificates/ Mark sheets. Any change/alteration found may disqualify the candidature.
  • Validate your details and Save your application by clicking the ‘Validate your details’ and ‘Save & Next’ button.
  • Candidates can proceed to upload Photo, Signature, left thumb impression and a hand written declaration as per the specifications given in the Guidelines for Scanning and Upload of Documents detailed as given.
  • Candidates can proceed to fill other details of the Application Form.
  • Click on the Preview Tab to preview and verify the entire application form before FINAL SUBMIT.
  • Modify details, if required, and click on ‘FINAL SUBMIT’ ONLY after verifying and ensuring that the photograph, signature uploaded and other details filled by you are correct.
  • Click on ‘Payment’ Tab and proceed for payment.
  • Click on ‘Submit’ button.
  • Candidates shall be solely responsible for filling up the online applications correctly. In case of invalid applications due to errors committed by the applicant no claims for refund of application fees/intimation charges so collected shall be entertained by the Board.
  • To avoid last minute rush, candidates are advised to pay the application fees/ intimation charges and register online at the earliest.
  • Board does not assume any responsibility for the candidates not being able to submit their applications within the last day on account of aforesaid reasons or any other reason.

 

What is the mode of payment for Application Fee / Intimation Charges?

Candidates have to make the payment of requisite fee/intimation charges through the online mode only:

  • The application form is integrated with the payment gateway and the payment process can be completed by following the instructions.
  • The payment can be made by using Debit Cards (RuPay/Visa/MasterCard/Maestro), Credit Cards, Internet Banking, IMPS, Cash Cards/ Mobile Wallets
  • After submitting your payment information in the online application form, PLEASE WAIT FOR THE INTIMATION FROM THE SERVER. DO NOT PRESS BACK OR REFRESH BUTTON IN ORDER TO AVOID DOUBLE CHARGE.
  • On successful completion of the transaction, an e-Receipt will be generated.
  • Non-generation of ‘E-Receipt’ indicates PAYMENT FAILURE. On failure of payment, Candidates are advised to login again using their Provisional Registration Number and Password and repeat the process of payment.
  • Candidates are required to take a printout of the e-Receipt and online Application Form. Please note that if the same cannot be generated, online transaction may not have been successful.
  • For Credit Card users: All charges are listed in Indian Rupee. If you use a non-Indian credit card, your bank will convert to your local currency based on prevailing exchange rates.
  • To ensure the security of your data, please close the browser window once your transaction is completed.
  • There is facility to print application form containing fee details after payment of fees upto the date mentioned in the notification.

 

What are the guidelines for scanning & uploading photograph and signature?

Before applying online a candidate will be required to have a scanned (digital) image of his/her photograph and signature as per the specifications given below.

Photograph Image: (4.5cm × 3.5cm)

  • Photograph must be a recent passport style colour picture.
  • Make sure that the picture is in colour, taken against a light-coloured, preferably white, background.
  • Look straight at the camera with a relaxed face
  • If the picture is taken on a sunny day, have the sun behind you, or place yourself in the shade, so that you are not squinting and there are no harsh shadows
  • If you have to use flash, ensure there’s no “red-eye”
  • If you wear glasses make sure that there are no reflections and your eyes can be clearly seen.
  • Caps, hats and dark glasses are not acceptable. Religious headwear is allowed but it must not cover your face.
  • Dimensions 200 x 230 pixels (preferred)
  • Size of file should be between 20kb–50 kb
  • Ensure that the size of the scanned image is not more than 50kb. If the size of the file is more than 50 kb, then adjust the settings of the scanner such as the DPI resolution, no. of colours etc., during the process of scanning.

Signature, Left Thumb (LT) impression and Handwriting declaration Image:

  • The applicant has to sign on white paper with Black Ink pen.
  • The applicant has to put his left thumb impression on a white paper with black or blue ink.
  • The applicant has to write the declaration in English clearly on a white paper with black ink
  • The signature, left thumb impression and the hand written declaration should be of the applicant and not by any other person.
  • The signature will be used to put on the Call Letter and wherever necessary.
  • If the Applicant’s signature on the attendance sheet or Call letter, signed at the time of the examination, does not match the signature uploaded, the applicant will be disqualified.
  • Dimensions 140 x 60 pixels (preferred)
  • Size of file should be between 10kb – 20kb for signature and left thumb impression.
  • For hand written declaration size of file should be 20kb – 50 kb
  • Ensure that the size of the scanned image is not more than 20kb or 50 kb (for hand written declaration)
  • Signature / Hand written declaration in CAPITAL LETTERS shall NOT be accepted. Reserve Bank of India Services Board, Mumbai Advt. No. 6A/2017-18 19 Scanning the documents:
  • Set the scanner resolution to a minimum of 200 dpi (dots per inch) • Set Color to True Color
  • File Size as specified above
  • Crop the image in the scanner to the edge of the photograph/signature/ left thumb impression / hand written declaration, then use the upload editor to crop the image to the final size (as specified above).
  • The image file should be JPG or JPEG format. An example file name is: image01.jpg or image01.jpeg Image dimensions can be checked by listing the folder files or moving the mouse over the file image icon.
  • Candidates using MS Windows/MSOffice can easily obtain documents in .jpeg format not exceeding 50kb (photograph and hand written declaration) & 20kb (signature and left thumb impression) by using MS Paint or MSOffice Picture Manager. Scanned documents in any format can be saved in .jpg format by using ‘Save As’ option in the File menu and size can be reduced below 50 kb (photograph and hand written declaration) & 20 kb (signature and left thumb impression) by using crop and then resize option (Please see point (i) & (ii) above for the pixel size) in the ‘Image’ menu. Similar options are available in other photo editor also.
  • If the file size and format are not as prescribed, an error message will be displayed.
  • While filling in the Online Application Form the candidate will be provided with a link to upload his/her photograph, signature, left thumb impression and hand written declaration.

Procedure for Uploading the documents

  • There will be separate links for uploading Photograph, signature, left thumb impression and hand written declaration
  • Click on the respective link “Upload Photograph / signature / left thumb impression / hand written declaration”
  • Browse and Select the location where the Scanned Photograph / signature / left thumb impression / hand written declaration file has been saved.
  • Select the file by clicking on it
  • Click the ‘Open/Upload’ button Your Online Application will not be registered unless you upload your Photograph, signature, left thumb impression and hand written declaration as specified.

Note:

  1. In case the face in the photograph or signature or left thumb impression or the hand written declaration is unclear / smudged the candidate’s application may be rejected.
  2. After uploading the Photograph / signature / left thumb impression / hand written declaration in the online application form candidates should check that the images are clear and have been uploaded correctly. In case the photograph or signature or left thumb impression or the hand written declaration is not prominently visible, the candidate may edit his/ her application and re-upload his/ her photograph or signature, prior to submitting the form.
  3. After registering online candidates are advised to take a printout of their system generated online application forms.

 


Classroom Course:

Course NameRBI Grade B 2019
Notification:In May 2019
Exam Phase-I:In June 2019
Exam Phase-II:In July 2019
Interview:In August 2019
Course Duration:(Phase I, II, Interview) 17 Feb - July 2019 (Phase-wise)
Salient features: Classroom Lectures at Fort, Mumbai
 Coaching & Guidance by expert faculties of A A Shah's IAS Institute
 Relevant & important class notes
 Articles on GK & Current Affairs
 Test Series with detailed analysis
 Regular doubt solving sessions
 Personal attention
Course Fee:45,000 + GST 18% (Rs.53,100)
Fee to be deposited Or transferred in the following account

 

RBI Officer Grade B 2019 important dates (tentative)

 

Notification 

 

VIDEO LECTURES 

 

 

CLICK HERE FOR STUDY MATERIAL AND LIST OF BOOKS:

 

Register for RBI GRADE- B COURSE