Every year, the Reserve Bank of India administers the RBI Grade B Officer Exam. Vacancies for Direct Recruitment for the Positions of Officer in Grade B (DR) (DEPR), Officer in Grade B (DR) (GENERAL), and Officer in Grade B (DR) (DSIM) are announced by the Reserve Bank of India in their notice. Because there are so few open opportunities, it is imperative to prepare properly for the RBI Grade B Exam.
An all-country competitive examination, consisting of a preliminary and main exam, as well as an interview, will serve as the means to select RBI Grade B Officers.
How to Become RBI Grade B Officer?
Candidates who want to work in the banking sector must pass the RBI Grade B exam, which is administered at the national level by the Reserve Bank of India (RBI). Grade B Officer positions at RBI come with a generous salary and an honorable job description.
Phase I, Phase II, and the interview are the three sections of the RBI Grade B Officer exam. Applicants who pass Phase I of the RBI Grade B exam are invited to sit for the Phase II examination. Applicants who pass the cut-off based on their Phase II exam results are invited to participate in the RBI Grade B Officer Interview Process. The successful applicants who pass the RBI Grade B Exam serve a two-year probationary period, which may be increased to four years.
Step-by-Step Process to Become RBI Grade B Officer
The RBI Grade B Officer Exam is administered by the Reserve Bank of India. Candidates need to clear all three stages of the RBI Grade B exam to be eligible to become an RBI Grade B officer.
- Phase 1 of RBI Grade B Exam: RBI Grade B – Phase 1 selection process is an online objective test conducted for a total of 200 marks within a time duration of 2 hours. The topics included are Quantitative Aptitude, English Language, General Awareness, and Reasoning.
- Phase 2 of RBI Grade B Exam: RBI Grade B – Phase 2 is a combination of an online objective test and a descriptive test. The RBI Grade B syllabus comprises three major sections, Economic and social issues, Finance and management, and English writing skills.
- Interview Stage: Candidates may be questioned about their educational background, employment history, and RBI policies, among other things. The personality of the candidates will be assessed by the candidates in this round. The inquiries may deal with money matters as well as other current events subjects.
5 Tips to Become RBI Grade B Officer in First Attempt
For the candidates to successfully complete the syllabus and pass the RBI Grade B exam, selecting the appropriate approach and preparation method is crucial. The experts have put together the following advice to help applicants improve their performance on the upcoming RBI Grade B exam.
- Analyzing the required syllabus and exam schedule, underlining the key passages.
- To determine the exam’s level of difficulty, practice the previous year’s question papers and attempt mock tests.
- Strategize according to the different phases of the RBI Grade B exam, and focus on areas accordingly.
- Develop a successful exam strategy to ensure that you can complete the entire RBI Grade B syllabus in the allotted time.
- Never skip a revision; it is crucial. Make sure you go over the materials frequently.
Frequently Asked Questions on RBI Grade B Officer
How to become RBI Grade B Officer?
To become RBI Grade B Officer, candidates must pass Phase I, Phase II, and the interview stages of the RBI Grade B Officer exam. The main segments of the RBI Grade B exam are Quantitative Aptitude, Reasoning, English Language, and General Awareness. The syllabus differs at different levels of the RBI Grade B recruitment stages.
How can I become RBI Grade B Officer after the 12th?
According to the RBI Grade B Notification, you need a Bachelor’s degree with a minimum of 60% (50% for reserved categories, such as SC/ST/PwBD) in addition to passing the 10th and 12th-grade exams from any accredited university or board. To apply for DEPR and DSIM, one needs a master’s degree.
Which exam to crack to become an RBI Grade B officer?
To become RBI Grade B Officer, the applicant must appear for the RBI Grade B Examination. It is compulsory to appear in all three phases of the exam, which is conducted in online mode. For candidates interested in a career in banking, the Reserve Bank of India offers a fantastic opportunity.
How long does it take to become an RBI Grade B officer?
For RBI Grade B preparation, you should allow at least 8 to 10 months. Ideally, a candidate who is preparing to become an RBI Grade B officer must devote a full year in preparation for the exam.
Is it hard to become RBI Grade B Officer?
It is well known that the RBI Grade B exam is one of the most difficult examinations to pass in India. Despite the fierce competition and vast syllabus, you can effectively pass this exam with the correct preparation strategy.
What is the salary of an RBI Grade B Officer?
The salary of an RBI Grade B Officer starts at ₹ 55,200/-. The pay scale is of ₹ 55,200-2850(9)-80,850-EB-2850 (2) – 86,550-3300(4)-99,750 (16 years). Other incentives available to RBI Grade B officers include DA, HRA, conveyance allowance, bank loan facility, medical allowance, education allowance, leave fare concession, and more.
What does an RBI Grade B Officer do?
An RBI Grade B officer’s duties include managing the nation’s financial stability, handling government and central bank accounts, and managing currency issues and circulation.
What type of life does an RBI Grade B officer get?
The absence of stress at work helps RBI Grade B Officers maintain a healthy work-life balance. An ideal working atmosphere is provided by the office during working hours, i.e., 10 AM to 6 PM. RBI Grade B Officers have five days per week of work.
Do RBI Grade B officers get houses?
RBI Grade B officials live in the residence that has been assigned to them by the RBI. It is often a two-bedroom flat. The officers may request a rent allowance of up to INR 70,000 per month if they are not given a house.
Do RBI officers get to travel abroad?
Yes, RBI will cover both your income and your education costs if you want to attend any university abroad during your tenure as a Grade B Officer, if it feels the degree is beneficial for the post. Officers of the RBI are not posted outside of India. Nonetheless, some officers may have the opportunity to serve on deputations for various national and international organizations.
In which city are RBI Grade B officers posted?
The Reserve Bank of India headquarters is in Mumbai and the RBI Grade B officers are either posted in Mumbai or any other major metropolitan city.
What is the career growth of RBI Grade B officers?
RBI Grade B officers start their career with the post of RBI Assistant, after that the career grows in the following way:Â
- Assistant Manager,
- Manager,
- Assistant General Manager,
- Deputy General Manager,
- General Manager,
- Chief General Manager,
- Principal Chief General Manager,
- Executive Director,
- Deputy Governor, and
- Governor of RBI.
