RBI Grade B Exam 2021

RBI Grade B exam is conducted for recruitment of Grade B Officers in the Reserve Bank of India. In this article, aspirants can find the complete details on the RBI Grade B Exam 2021 and the application and recruitment process.

Candidates appearing for the bank exams must note that the RBI Grade B Officer is one of the most sought after posts in the banking sector.

Start your preparation now for the upcoming RBI Grade B exam.

Take a Free Online RBI Grade B Mock Test now and prepare more in less time.

Also, refer to the links given below and ace the upcoming Grade B Officer exam:

Candidates can check the latest notifications regarding other Government exams at the linked article.

Table of Contents:

  1. RBI Grade B Notification 
  2. RBI Grade B Exam-Online Application
  3. RBI Grade B Officer Salary
  4. RBI Grade B-Eligibility Criteria
  5. RBI Grade B Exam Pattern
  6. RBI Grade B Preparation

The Reserve Bank of India is the central bank for the country and conducts exams annually for the recruitment to various posts in RBI. The RBI Grade B exam is conducted by RBI for the recruitment of officers.

To know more about the other government exams conducted, visit the linked article.

RBI Grade B Officer exam is a very popular exam for those seeking a career in the finance sector, with the RBI Grade B Officer recruitment notification being highly anticipated by most of the bank job aspirants in India. This article will cover all the important information regarding the RBI Grade B Exam.

For more information regarding any other RBI exam, candidates can visit the linked article.

For candidates references the table below provides details about the RBI Grade B exam 2021:

RBI Exam 2021
Conducting Body Reserve Bank of India
Post RBI Grade B Officer
RBI Grade B Official Notification 2021 January 28, 2021
Frequency of Exam Annually
Number of vacancies (2021) 322
Job Location Anywhere in India

Successful candidates are inducted into the bank as officers in the following departments:

  1. Officers in Grade B (General)
  2. Officers in Grade B (Department of Economic and Policy Research)
  3. Officers in Grade B (Department of Statistics and Information Management)

Aspirants must know that the Bank PO examination is equivalent to the RBI Grade B Officers exam.

Bank Exams 2021

RBI Grade B Notification

As per the latest news by RBI, the official notification of RBI Grade B Officer 2021 exam released on January 25, 2021, and the official notification for the last recruitment which was held in 2019 was released on September 20, 2019.

Given below are the important RBI Grade B 2021 exam dates for the reference of candidates:

RBI Grade B Officer Exam Dates
RBI Exam Details Important Dates
Official Notification January 25, 2021
Online Registration  January 28, 2021, to February 15, 2021
RBI Grade B Phase-I Exam March 6, 2021
RBI Grade B Phase-II Exam April 1, 2021 (General)

March 31, 2021 (DERP & DSIM)

Interview To Be Notified Later

Interested candidates can check the RBI Grade B Exam dates at the linked article.

Candidates willing to appear for the RBI Grade B exam must note the dates and apply accordingly. 

RBI Grade B 2021 Notification PDF:-Download PDF Here

RBI Grade B Vacancy

This year, RBI has released a total of 322 vacancies for the General, DEPR and DSIM posts. Whereas, for the 2019 recruitment, Reserve Bank of India had released a total of 199 vacancies to recruit Grade B Officers in their Organisation.

The RBI Grade B exam is an annually conducted examination and for aspirants, it is a golden opportunity to enter the banking sector with the Central bank of our country.

Given below is the year-wise RBI Grade B vacancy details:

RBI Grade B Officer Vacancy
RBI Exam  Number of Vacancies
RBI Grade B 2021 322
RBI Grade B 2019 199
RBI Grade B 2018 166
RBI Grade B 2017 161

The above data clearly shows that there has been an increase in the number of vacancies released in the past 3 years. However, the number of candidates applying for the RBI Grade B exam and the difficulty level of the exam has also increased manifold.

To know the detailed distribution of RBI vacancy for the Grade B Officer post, candidates can visit the linked article. 

RBI Grade B Exam – Online Application

Candidates applying for the RBI Grade B exam 2021 can apply for the exam by following a certain set of steps:

  1. Aspirants can visit the official website of Reserve Bank of India to apply online.
  2. Candidates need to enter their basic qualifications and other details asked in the form and upload documents accordingly.
  3. Candidates need to upload a set of documents, which includes a photograph, signature, handwritten declaration and thumb impression.
  4. Candidates must verify the details carefully before making the final submission as no changes can be made in the form once the payment is complete.
  5. Candidates must also note that if any discrepancy is found in the application form, RBI holds the right to reject the application at any time during the recruitment procedure.

Aspirants can look for the detailed RBI Grade B Apply Online procedure at the linked article.

Candidates can visit the RBI notification page for more details regarding the RBI Grade B recruitment procedure.

RBI Grade B Officer Salary

The RBI Grade-B Officer commands a handsome salary and enjoys many other perks. Officers in Grade B are also eligible for Dearness Allowance, Local allowance, House Rent Allowance, Family Allowance and Grade Allowance as per rules in force from time to time. Any changes in the RBI Grade B Officer salary 2021 will be notified. 

Get the detailed RBI Grade B salary structure at the linked article.

RBI Grade B Officer Salary
Basic Pay Rs. 35,150/- p.m.
Gross Emoluments Rs. 75,831/-(approx.)
Bank exam aspirants can check the salary range for Bank Employees at the linked article.

RBI Grade B – Eligibility Criteria

Candidates preparing for the RBI Grade B exam need to follow certain eligibility criteria in order to apply for the exam. The eligibility criteria have been briefly described below:

  1. Nationality: Candidate must be a citizen of India, subject of Nepal or Bhutan or a Tibetan refugee permanently settled in India.
  2. Age limits: Candidate must have attained a minimum age of 21 years and must not be more than 30 years in age. However, there are certain age relaxations for candidates belonging to certain categories.
  3. Educational Qualification: The educational qualification differs for candidates applying for General, DERP and DSIM specialisations. 
RBI Grade B Eligibility Criteria
Post Minimum Qualifications
RBI Grade B Officer (General) A minimum of 60% marks in the Bachelor’s degree 
RBI Grade B Officer (Department of Economic and Policy Research) A Master’s Degree in Economics or Finance, with a minimum of 55% marks from a recognised Indian or Foreign University
RBI Grade B (Department of Statistics and Information Management) A Master’s Degree in Statistics or Mathematical Statistics/ Mathematical with a minimum of 55% marks

The number of attempts is restricted to six for candidates belonging to the General category. No such restrictions are there for candidates belonging to other categories.

To know more about the RBI Grade B Eligibility Criteria, visit the linked article.

Related Articles:

RBI Grade B Exam Pattern

The first step of a fruitful prep for this exam is to become familiar with its pattern. The recruitment of RBI Grade B officers takes place in two stages, which are followed by the interview. Let’s have a look at the RBI Grade B Officer exam pattern for the initial three stages:

  • Phase I examination
  • Phase II examination
  • Interview

For the 2021 recruitment, slight changes have been made in the scheme of selection for the Gen/DSIM/DEPR posts. To know more about the RBI Grade B Syllabus and exam pattern, visit the linked article.

RBI Grade B is one of the toughest exams in India, especially in the banking sector. Aspirants can also check details of  IAS Exam, which has some overlap with the pattern and syllabus of RBI Grade B.

The table below highlights the exam pattern of phase – I for the RBI Grade B Officer exam:

RBI Grade B Officer Exam Pattern for Phase – I (DR) – Gen
Sections No. of Questions Marks Duration
General Awareness 80 80 A composite time of 120 minutes is provided to the candidate.
Quantitative Aptitude 30 30
English Language 30 30
Reasoning 60 60
Total 200 200

Aspirants must read the newspaper on a daily basis to stay updated with relevant information and events happening across the world and to strengthen their performance in the General Awareness section.

Candidates can check the previous year RBI Grade B cut off at the linked article and review and analyse the expected cut off for the 2021 recruitment.

For better preparation of General Awareness section of RBI Grade B exam candidates must also prepare the Static GK part thoroughly.

The table below highlights the exam pattern of phase – II for the RBI Grade B Officer exam:

RBI Grade B Officer Exam Pattern for Phase – II (DR) – Gen
Name of the Paper Type of the Paper Duration (in minutes) Marks
Paper I Economic & Social Issues Objective & Descriptive Type 90 100
Paper-II English (Writing Skills) Descriptive (to be typed with the help of keyboard) 90 100
Paper III Finance & Management Objective & DescriptiveType 90 100

Get the banking awareness syllabus of the RBI Grade B exam at the linked article.

free online quiz for IBPS, SSC and other government exams

RBI Grade B Admit Card

The Admit Card for the post of Grade B Officer is released for every phase of the examination separately. Candidates can download their RBI Grade B Admit card 10 to 15 days in advance to the date of examination.

It is mandatory for every applicant to carry the Grade B Officer admit card to the exam venue along with a Photo Identity proof. Also, candidates need to keep in mind that they should carry original and photocopy of their Identity proof to the centre.

Candidates can know more about the RBI Grade B Admit Card at the linked article.

RBI Grade B Preparation

Since the exam is approaching, candidates must start the preparation as the number of candidates applying for the exam is expected to increase for the year 2021.

Since RBI is the central bank of the country, aspirants prefer to enter the banking sector by joining RBI. Over the past few years, the applicants have increased massively so to qualify the Officer scale exam in RBI, candidates need to start their RBI Grade B preparation immediately.

Given below are few tips that aspirants can follow to prepare for the RBI Grade B exam:

  1. With not much time left for the exam to be conducted candidates must go through the entire syllabus and revise the syllabus completely.
  2. Candidates applying for the RBI grade B exam must regularly attempt to practise papers and mock tests as this will help in solving questions within the stipulated time. 
  3. Solving previous year question papers will also be of great help to candidates. This will help in analysing the difficulty level of the RBI Grade B exam. 
  4. The exam is all about time management. Candidates must know their strengths and weaknesses in the paper and then attempt questions as this would help them save some time.
  5. The final selection of candidates is done based on merit so scoring high marks in the written exam is of utmost importance. So candidates must prepare themselves accordingly.

To get a better understanding of the level of exam, the basic exam pattern and the type of questions asked, candidates, can refer to the RBI Grade B exam analysis page.

The above-mentioned RBI Grade B preparation tips may help candidates perform better in the upcoming RBI Grade B Officer Exam.

The RBI Grade B officer is one of the most-awaited and reputed posts in the banking sector. So candidates must start their preparation and stay updated with all the details regarding the exam. 

RBI Grade B 2021 Notification PDF:-Download PDF Here

Candidates can also get the detailed bank exam syllabus for the RBI and other bank exams at the linked article.

Aspirants preparing for the upcoming RBI Grade B exam must keep themselves updated about the latest news and notifications regarding the RBI exams.

Frequently Asked Questions on RBI Grade B Exam

Q 1. What is the salary given to an RBI Grade B Officer?

Ans. The RBI Grade B salary inclusive of emoluments is approximately Rs. 75, 831. Candidates can know the details like perks, basic pay, allowances, etc., regarding the RBI Grade B salary at the linked article.

Q 2. Can the RBI Grade B Exam be given directly after class 12th?

Ans. No, the RBI Grade B exam cannot be given immediately after passing class 12th. Candidate must be a minimum of 21 years of age and have a Bachelor’s degree in any discipline to apply for the RBI Grade B Exam.

Q 3.When is the RBI Grade B exam 2021 scheduled to be conducted?

Ans. The Phase I of RBI Grade B exam 2021 is scheduled for March 6, 2021, and the Phase II examination is scheduled for March 31, and April 1, 2021.

Q 4. What details need to be filled in the RBI Grade B Application form?

Ans. The basic information including the Applicant’s name, address, contact details are asked in the first part of the application form. Further, candidates need to fill in their educational qualifications and marks scored in the RBI Grade B application form.

Q 5. What is the negative marking scheme for the RBI Grade B examination?

Ans. 0.25 marks are deducted for every wrongly answered question in the RBI Grade B examination. The negative marking scheme is the same for Phase I and Phase II examination.

Q 6. Which are the best books to study for the RBI Grade B exam?

Ans. Given below is a list of books that candidates can consider to prepare for the RBI Grade B exam:

  • Indian Economy by Mishra & Puri
  • Major economic newspapers and Economic and Political Weekly
  • An introduction to Economics – A W Stonier and DC Hauge
  • Financial Management – Prasanna Chandra
  • Public Finance – K K Andley and Sundaram

4 Comments

  1. i will complete my btech in may 2021. can i apply?

    1. Hi,
      Candidates completing graduation in 2021 can apply for the exam in next year.

  2. Is there any probation period or a guarantee bond for the post?

    1. Hi,
      In the RBI Grade B exam, there is 2 years of probation period.

Leave a Comment

Your Mobile number and Email id will not be published. Required fields are marked *

*

*