RBI Grade B 2023 Notification Out! Major Changes in the Syllabus

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Check here RBI Grade B 2023 Notification. Check vacancies, Exam Date, Online Application, RBI Grade B Salary, RBI Grade B Syllabus & Exam Pattern 2023.

On May 09, 2023, the Reserve Bank of India (RBI) finally released the much awaited RBI Grade B Notification 2023. The notification has announced 291 vacancies for the position of Grade B Officer, which presents a great opportunity for eligible candidates seeking a career in the banking sector.

In this blog, we will discuss all the details regarding the RBI Grade B recruitment notification 2023, including the RBI Grade B eligibility criteria, selection process, application fees, and other relevant information. Furthermore, it is important to note, that RBI has introduced various changes in the RBI Grade B syllabus 2023. Therefore, it becomes all the more crucial that you are updated with all the latest information with respect to the RBI Grade B exam 2023.

RBI Grade B 2023 Notification Out! 291 Vacancies, Eligibility & Exam Pattern

RBI Grade B Notification 2023 Overview

Let us go over the details of the RBI Grade B 2023 recruitment process in the table below.

ParticularsDetails
Recruitment for PostGrade B Officers
Websitehttps://www.rbi.org.in/
Exam LevelNational
Vacancy291
Application ModeOnline
Exam ModeOnline

RBI Grade B 2023 Important Dates

ParticularsDates
Release of RBI Grade B NotificationMay 09, 2023
Online Application  StartsMay 09, 2023
Last Day to ApplyJune 09, 2023 (till 6 PM)

RBI Grade B Exam Dates 2023

Staying informed about the latest RBI Grade B exam dates 2023 across various streams is crucial for aspirants who wish to pursue a career in the banking industry. With the help of the comprehensive table below, candidates can stay up-to-date and prepare themselves for the upcoming RBI Grade B exam.

Post NameExamDate
RBI Grade B (General)Phase 1- Online Examination
Phase 2- Paper 1, 2 & 3 Online Examination
July 09, 2023
July 30, 2023
RBI Grade B (DEPR)Phase 1- Paper 1-Online Examination
Phase 2- Paper 2 & 3 Online/Written Examination
July 16, 2023
September 02, 2023
RBI Grade B (DSIM)Phase 1- Paper 1-Online Examination
Phase 2- Paper 2 & 3 Online/Written Examination
July 16, 2023
August 19, 2023
Interview ProcessTo be notified later

Also Read: What is the right time to start preparing for RBI Grade B 2023?

RBI Grade B Vacancy 2023

A total of 291 vacancies have been announced in the RBI Grade B notification 2023. Look at the detailed RBI Grade B vacancy 2023 in the table below. We have listed the number of vacancies for each post.

Post Vacancy 
RBI Gr. B Officer (DR) – General222
RBI Gr. B Officer (DR) – DEPR38
RBI Gr. B Officer (DR) – DSIM31
Total291

RBI Grade B Eligibility Criteria 2023

Before you proceed with the RBI Grade B application process, it is also important to acquaint yourself with the RBI Grade B eligibility criteria 2023. This will ensure that your candidature does not get cancelled at a later stage of the recruitment process. Let us look at the eligibility criteria for RBI Grade B 2023 exam.

Age Limit Criteria 

The Reserve Bank of India (RBI) has set an age limit for candidates applying for the Grade B Officer post. To be eligible for the RBI Grade B exam 2023, a candidate must be between the age of 21 years to 30 years. Furthermore, candidates belonging to the reserved categories will be eligible for age relaxation in the upper age limit.

Educational Qualification

Apart from the age limit criteria, a candidate must also possess the following educational qualifications to be eligible to apply for the RBI Grade B 2023 exam.

Name of the PostMinimum Educational Criteria )
Officers in Grade ‘B’ (DR) – (General)Graduation in any discipline/Equivalent technical or professional qualification with minimum 60% marks. 
                   OR
Post-Graduation in any discipline/Equivalent technical or professional qualification with minimum 55% marks.

Graduation Level
Any such course from a recognized University / Institute that is taken after Class 12th  and is at least 3 years’ duration/candidates possessing professional or technical qualifications which are recognized by the Government as equivalent to professional or technical graduation will be eligible for admission to the examination, subject to obtaining minimum marks prescribed above.

Post-Graduation Level
Any such course from a recognized University / Institute that is taken after Graduation and is at least of 2 years duration / recognized by the Government as equivalent to professional or technical Post Graduation will be eligible for admission to the examination, subject to obtaining minimum marks prescribed above.
Officers in Grade ‘B’ (DR) – DEPREssential:

A Master’s Degree in Economics (or any other master’s degree where“Economics” is the principal constituent of the curriculum/syllabus, namely MA / MSc in Quantitative Economics, Mathematical Economics, Financial Economics, Business Economics, Agricultural Economics, Industrial Economics) OR

A Master’s Degree in Finance (or any other master’s degree where “Finance” is the principal constituent of the curriculum/syllabus, namely MA/ MSc in Quantitative Finance, Mathematical Finance, Quantitative Techniques, International Finance, Business Finance, Banking, and Trade Finance, International and Trade Finance, Project and Infrastructure Finance, Agri Business Finance) OR

Note-

1. A minimum 55 percent marks or an equivalent grade in aggregate of all semesters/years from a recognized Indian or foreign University / Institute.
2. “Principal constituent” with respect to syllabus/curriculum means half or more of the total courses/electives / credits must be in Economics or Finance.
3. “Specialisation” in Economics / Finance means a third or more of the total courses/electives / credits in the second year must be in Economics /Finance.
4. Candidates having M.PhiI Degree and Doctorate Degree from a recognized Indian / Foreign University / Institute in economics will be eligible for relaxation in the upper age limit by 2 years and 4 years respectively.
5. Candidates having Master’s Degree with research / teaching experience at a recognized Indian / Foreign University / Institute in economics 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 counted.

Desirable:
A Doctorate Degree in Economics, or research or teaching experience in economics, or publication in the field/area of Economics in standard journals.
Officers in Grade ‘B’ (DR) – DSIMEssential:

A Master’s Degree in Statistics/ Mathematical Statistics/ Mathematical Economics/ Econometrics/ Statistics & Informatics/ Applied Statistics & Informatics with a minimum of 55% marks or equivalent grade in aggregate of all semesters / years. OR,

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,

Master’s degree course in Data Science/ Artificial Intelligence/ Machine Learning/ Big Data Analytics, with a minimum of 55% marks or equivalent grade in aggregate of all semesters/ years from a recognized University/ Institute, an institute of national importance, UGC/ AICTE approved programme; OR

Four-year Bachelor’s degree with a minimum of 60% marks or equivalent grade in aggregate of all semesters/ years in Data Science/ AI/ ML/ Big Data Analytics from a recognized University/ Institute, an institute of national importance, UGC/ AICTE approved programme; OR,

Two years Post Graduate Diploma in Business Analytics (PGDBA) with a minimum of 55% marks or equivalent grade in aggregate of all semesters/years from a recognized University/ Institute, an institute of national importance, UGC/ AICTE approved programme.

Desirable:
Candidates with a Doctorate in topics related to above subjects will be given preference.

Research or teaching experience and publication in standard journals will be considered as an additional qualification.

RBI Grade B Exam Pattern 2023

Let us take a look at the RBI Grade B recruitment procedure as per the RBI Grade B notification 2023. The RBI Grade B selection process will comprise 3 stages, they are:

  • Phase 1 (Prelims)
  • Phase 2 (Mains)
  • Phase 3 (Interview)

RBI Grade B Exam Pattern: Phase 1

Subject No. of questions No. of Marks
General Awareness 8080
Reasoning 6060
Quantitative Aptitude3030
English 3030
Total 200200
  • The paper will be objective in nature.
  • The total time allotted will be 120 minutes.

RBI Grade B Exam Pattern: Phase 2

RBI Grade B Mains exam will comprise 3 papers. Take a look at the details of this exam in the table below.

PaperType of TestTotal MarksDuration 
Paper 1 – Economic and Social Issues50% Objective Test (30 objective questions)
50% Descriptive Test (6 descriptive questions out of which 4 need to be answered)
50 marks
50 marks
30 mins
90 mins
Paper 2 – English (Writing Skills)Descriptive Test100 marks90 mins
Paper 3 – Finance and Management50% Objective Test (30 objective questions)
50% Descriptive Test (6 descriptive questions out of which 4 need to be answered
50 marks
50 marks
120 mins

Note: 

  • For both Paper I and III, there will be 30 questions and 50 marks for Objective questions (some questions carrying 2 marks each and some carrying 1 mark each).
  • In case of Descriptive questions, 6 questions will be asked, of which candidates will have to attempt 4 questions (2 of 15 marks each (with difficulty level) and 2 of 10 marks each).

Download RBI Grade B Study Plan 2023

RBI Grade B Officer Interview

Candidates who successfully clear both Phase 1 & Phase 2 will be invited for an interview. The interview will be held for 75 marks. The combined marks obtained in the Mains and the Interview will determine a candidate’s final selection.

RBI Grade B 2023 Syllabus: Major Changes

The RBI Grade B notification has also announced the RBI Grade B syllabus for the RBI Grade B General, DEPR and DSIM streams. Furthermore, this year, RBI has introduced various changes in the RBI Grade B Phase 2 syllabus.

In the RBI Grade B Phase 2 Paper 1 i.e. Economic and Social Issues subject, the following topics like- Positive Discrimination in favour of priviliged, Social Movements, Indian Political System, Human Development, Social Sectors in India, Health and Education have been removed from the Social Structure in India section.

On the other hand, in the RBI Grade B Phase 2 Paper 3 i.e. General Finance & Management, topics like NaBFID, Recent Developments in Global Financial System and its impact on the Indian Financial System, Role of IT in Banking and Finance, Non-Banking System and Developments in Digital Payments have been added under the Financial System section. Furthermore, under the General Topics, the Basics of Accounting and Financial Statements section has been added.

Therefore, before you move ahead, be sure to take a look at RBI Grade B Syllabus 2023 for Prelims & Mains. You can also take a look at the video below, where CP Joshi Sir has explained the RBI Grade B syllabus changes in great detail.

RBI Grade B Officer Salary

An RBI Grade B Officer’s basic pay at the start of service will be ₹55,200. The initial gross monthly salary will be ₹1,16,684/- p.m. approximately.

For more details on the RBI Grade B perks and benefits as well as job profile details, you can take a look at our RBI Grade B Salary page.

RBI Grade B 2023 Online Application

Check the steps to below to understand how the RBI Grade B Officer apply online process works: 

  1. Go to the official website of RBI at https://www.rbi.org.in/.
  2. Click on Opportunities@RBI > Current Vacancies > Vacancies.
  3. Click on Online Application Formand you will be redirected to a new page.
  4. Click on the “CLICK HERE FOR REGISTRATION” tab to register yourself.
  5. Fill in all the basic details required and click on the Save & Next button to move forward.
  6. Log in using the ID and password that will be generated once you register yourself.
  7. Fill in the required details and upload all the documents carefully.
  8. Click on ‘Save & Next’.
  9. Preview your form before submitting it. Once the application is submitted, you will not be able to edit it.
  10. In the end, you will have to choose a preferable online payment method to submit the application fee for RBI Grade B.
  11. Make your payment.
  12. Click on the ‘Submit’ button to complete your application successfully.

Application Fee

CategoryFee
SC/ST/PWD/EXSRs 100 
OBC/General/EWSRs 850
RBI StaffNIL

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