RBI Grade B DEPR Exam Recruitment 2024, Syllabus, Salary, Job Profile

RBI Grade B DEPR Highlights 2024

The RBI Grade B DEPR notification 2024 is anticipated to be released by the Reserve Bank of India in the first quarter of the year. Previous year, the RBI Grade B DEPR notification for 38 vacancies was released through a short newspaper notice that was made public on April 26, 2023. The Department of Economic and Policy Research is known as DEPR. DEPR focuses on providing research insights and managing a resilient Management Information System (MIS) pertaining to macroeconomic and financial matters. This data plays a pivotal role in crafting efficient policies and strategies, ultimately bolstering the nation's economic stability. Every year, RBI hires Grade B officers for this division. Annually, the RBI hires Grade B officers for the DEPR division, along with the notification that covers the openings for Grade B DSIM and Grade B General as well. This section introduces you to the official RBI Grade B DEPR recruitment process, with further details elaborated in subsequent sections. Therefore, make sure that you go through the entire page carefully, so that you're well-informed about this significant opportunity.

RBI Grade B DEPR Notification 2024

The Department of Economics and Policy Research (DEPR) is one of the three posts announced by the Reserve Bank of India every year. As the name suggests, this job requires you to undertake economic analysis and research as well as to contribute to policy formulation. The detailed RBI Grade B Notification 2024 will be released soon. Please note, last time several changes in the RBI Grade B DEPR recruitment process have been made in the official notification. Please study the following section carefully.

RBI Grade B DEPR Exam : Changes Introduced

According to the previous year RBI Grade B DEPR notification, the following changes have been introduced in the RBI Grade B DEPR recruitment process.

• Firstly, the RBI Grade B selection process will comprise 4 written papers in 2 Phases, i.e., 2 papers in each phase. Earlier, Phase 1 had 1 paper only.
• Next, the RBI Grade B DEPR syllabus has been very well-defined in the RBI Grade B DEPR notification. Earlier, the syllabus was quite nebulous, but now the RBI has clearly defined the scope of the assessment.
• The cut-off date for the age criteria and the educational qualification has also changed.

We need to wait and see if the RBI Grade B DEPR recruitment 2024 will follow the same process.

RBI Grade B DEPR Exam Pattern

The Reserve Bank of India (RBI) Grade B DEPR (Department of Economic and Policy Research) exam is conducted in three phases: Phase 1, Phase 2, and an interview. Please note, as per the previous year RBI Grade B DEPR notification, the RBI Grade B DEPR exam pattern will now consist of 4 papers spread across 2 phases, i.e., 2 papers in each phase. Earlier, there was only 1 paper in the Phase 1 exam. Candidates will be shortlisted for Phase 2 on the basis of the cut-off marks decided by the bank.

Below is the exam pattern for the RBI Grade B DEPR exam. 

RBI Grade B DEPR Interview

Achieving the required minimum marks in both Phase 1 and Phase 2 of the RBI Grade B DEPR Exam opens the gateway to the subsequent phase, the RBI Grade B DEPR Interview. This interview holds a weightage of 75 marks. To secure a position in the final merit list of RBI Grade B DEPR, it is essential to aim for a notably high rank.

RBI Grade B DEPR Exam Dates 2024

To ensure that you finish the curriculum well in advance of the exam, you must be aware of the important RBI Grade B DEPR dates 2024. The RBI Grade B DEPR (Department of Economics and Policy Research) examination presents a remarkable opportunity for individuals holding a Postgraduate degree in Economics who aspire to begin a career as a Grade B officer with the Reserve Bank of India. The Reserve Bank of India will release the RBI Grade B DEPR exam dates 2024 along with the RBI Grade B DR-General notification. 

RBI Grade B DEPR Syllabus

Prior to commencing your RBI Grade B DEPR exam preparation, it is imperative to thoroughly acquaint yourself with the comprehensive syllabus. The syllabus for the RBI Grade B DEPR (Department of Economic and Policy Research) examination has been meticulously given in the official RBI notification, a marked improvement from previously somewhat ambiguous guidelines. As an aspirant, it's essential to consult RBI publications, including the Annual Report, Report on Trends and Progress of Banking in India, and Reports pertaining to Monetary Policy and Financial Stability. This clarity and specificity in the syllabus enable candidates to structure their preparation effectively and enhance their chances of success in the examination. The expected RBI Grade B DEPR syllabus 2024 is mentioned in the table below.

RBI Grade B DEPR Eligibility Criteria

You should have clear understanding of the RBI Grade B DEPR eligibility criteria with respect to education qualification, age limit and the number of attempts permissible in order to apply to the RBI DEPR exam. Generally, the candidates must have attained the age of 21 years but not yet reached the age of 30 years as of the date of application. Further, as for the educational qualification, the PGDM/MBA in Finance and Economics clause has been removed. Usually, the number of attempts is restricted to 6 chances, but with exceptions as accorded by the Government. Please take a look at the table below to know the expected RBI Grade B DEPR 2024 eligibility criteria in more detail.

RBI Grade B DEPR Salary

Upon appointment as an RBI Grade B (DEPR) Officer, your compensation will be structured within the pay scale of ₹55200-2850(9)-80850-EB-2850 (2) - 86550-3300(4)-99750 (16 years). The RBI Grade B salary package is now notably attractive, with a starting monthly gross emolument, encompassing a range of allowances and perks, totaling around ₹1,16,914. In addition, Grade B Officers are entitled to receive various supplementary benefits, including Dearness Allowance (D.A), House Rent Allowance (H.R.A), Conveyance Allowance (C.A), and more. This remuneration structure underscores the RBI's commitment to offering a competitive and comprehensive compensation package to its Grade B Officers.

For detailed insights, please refer to the table below.

RBI Grade B (DEPR) Job Profile

A DEPR Officer in RBI Grade B works in the following departments- the Department of Economic and Policy Research (DEPR), Monetary Policy Department (MPD), International Department, and Strategic Research Unit (SRU). Besides this, a DEPR Officer can also get posted in departments like the Department of Statistics and Information Management, Internal Debt Management Department, Department of External Investments and Operations, Financial Markets Regulation Department, Financial Markets Operations Department, Department of Banking Regulation, Financial Stability Unit among others.

• An RBI Grade B (DEPR) Officer's primary work is to study the Economic Status of the country and to carry out research and analysis of the Indian Economy. A DEPR Officer spends her/his career in the RBI Central Office, Mumbai branch. S/he can be shifted to other state’s regional offices also if required. The job profile of a DEPR Officer depends on the department he/she is placed in. In Regional offices, various surveys related to Pharmaceutical, Agriculture, Retail, Banking outreach, Medicine, and Wholesale data of food articles take place from time to time. 
• The data is then further sent to RBI’s Central Office for analysis and formulation. The data collected is useful for the Local Board meetings conducted by the Regional Director. 
• In the DEPR department, DEPR Officers have to work on macroeconomic analysis and research on the Indian economy. They are also expected to research issues related to the economy. The Research usually relates to the real economy, fiscal, money and banking, and external economy. Apart from that, Financial markets research is also carried out by the DEPR officers.
• In the international department, research related to India’s economic relations with agencies like IMF, and others take place.
• In the Strategic Research Unit or SRU, core economic issues such as unemployment, poverty, or any other important issue that needs to be researched are carried out.

RBI Grade B DEPR Career Growth

RBI Grade B (DEPR) Officer’s growth in the Reserve Bank of India depends on one’s performance. After five years and more with RBI, you will be promoted to Assistant General Manager. You will also be eligible to apply for the Grade C, Grade D, and Grade E officer exams, and so on. RBI Officers also get a chance for further education across the world. Further education is borne partially-fully by the Reserve Bank of India. Further, there are chances for RBI Officers to be working with organizations like the IMF, World Bank, Bank of International Settlements (BIS), Switzerland, and more.

RBI Grade B DEPR Previous Year Cut Off

RBI Grade B Officer is one of the most awaited jobs among all the government job aspirants which makes it even tougher to compete for. Therefore, it becomes mandatory for you to try as hard as you can to nail this examination. Preparation should always be preceded by gathering all required information, which also includes knowing the RBI Grade B previous year cut-off that gives an idea of the level of the examination.

RBI Grade B DEPR Cut Off 2022 in Paper 1

RBI Grade B DEPR Cut–Off 2022 in Paper 1, Paper 2 and Paper 2 (Objective + Descriptive)

RBI Grade B DEPR Final Cut Off 2022  (Paper- 1, 2 and 3 And Interview)

RBI Grade B DEPR Final Cut off 2021 (Paper- 1, 2 and 3 And Interview)

RBI Grade B DEPR Cut off 2021 in Paper 1, Paper 2 and Paper 2 (Objective + Descriptive)

RBI Grade B DEPR Cut-Off 2021 in Paper 1

Given below is the detailed insight into RBI Grade B Phase 1 category-wise cut-off.

RBI Grade B DEPR Preparation Strategy

RBI Grade B DEPR is a great opportunity for candidates aspiring to work in the Reserve Bank of India. The key to success lies in the effective RBI Grade B DEPR preparation strategy one makes before starting to prepare for the exam. Therefore, you need to focus on what will work for you best. As the vacancies are fewer you cannot take any risk in your preparation journey.

To excel in your preparations for the RBI Grade B DEPR examination, it is crucial to tailor a study plan that aligns with your unique circumstances, whether you are a working professional or a dedicated student preparing from the comfort of your home. Here are some essential steps to structure an effective study routine for RBI Grade B DEPR Exam:

Customize Your Study Schedule:

• For Working Professionals: If you have a job or other commitments, make sure to allocate study hours that fit your work schedule. Consider dedicating focused study time before or after work, during lunch breaks, or on weekends.
• For Students/Preparers at Home: If you have the flexibility to dedicate more time to your preparation, plan your study hours accordingly. Create a daily or weekly schedule that covers all the required subjects and topics.

Syllabus and Reference Material:

• Begin by compiling a comprehensive list of the entire syllabus for the RBI Grade B Officer DEPR exam. Organize it into sections and topics for better clarity. Gather all the necessary reference materials, textbooks, study guides, and online resources that you'll need throughout your preparation. This will save you time.

Incorporate Short Breaks:

• Recognize the importance of short breaks in maintaining your productivity and focus. Include brief intervals between study sessions to recharge your energy and prevent burnout.

Mock Test Practice:

• Consistent and regular practice of RBI Grade B (DEPR) mock tests is a key component of your preparation strategy. Mock tests help you become familiar with the exam format, improve your time management skills, and gauge your overall progress. The more you practice, the better your speed and accuracy will become, which are crucial factors for scoring well in the actual exam.

Stay Informed with RBI Official Resources:

• Don't forget to visit the official Reserve Bank of India (RBI) website regularly. Here, you can find valuable information such as Trends in Banking, the Annual Report, RBI Bulletin, and more. Staying updated with these resources will give you insights into the latest developments in the banking sector, which can be relevant for the DEPR examination.

In summary, designing a successful study plan for the RBI Grade B (DEPR) Officer exam involves personalization, organization, regular practice, and keeping up with official RBI resources. Following these steps will help you achieve your study goals and boost your chances of success in this competitive exam.

RBI Grade B DEPR Books and Reference Material

You must have your RBI Grade B DEPR study material handy with you so that you are not confused about the books to go for. For ESI, you can refer to the 12th NCERT Standards Macroeconomics and cover the rest of the syllabus from a book called Indian Economy by Ramesh Singh. The last 5 months of Yojana Magazine are a must. You can get it online or in any bookstore nearby. Don’t forget to read the newspaper on a daily basis. Newspapers like Economic Times/ Mint will be very useful in your preparation journey.

Some important RBI Grade B study materials are mentioned below for your assistance which can be useful for the RBI Grade B DEPR 2024 exam. 

RBI Grade B DEPR Mock Tests

ixamBee offers an extensive RBI Grade B DEPR mock test series, a valuable resource to aid you on your preparation journey. These mock tests play a pivotal role in assessing and enhancing your knowledge and readiness for the examination. By engaging in these practice tests, you can thoroughly evaluate your level of preparation and identify areas for improvement. Additionally, the mock tests provide an authentic exam-like setting, allowing you to become familiar with the pressures and challenges experienced in the actual examination hall. This comprehensive and strategic approach to preparation ensures that you are well-equipped to excel in the RBI Grade B DEPR examination. 

RBI Grade B DEPR Online Course

To assist you with the preparation, ixamBee offers a comprehensive Online Course for the RBI Grade B DEPR exam. This course is curated and well-crafted with all that is needed to ace the RBI Grade B DEPR exam. This RBI Grade B DEPR Online Course is designed by our experts who themselves have cleared the DEPR exam. The Course consists of Video Lessons and Study notes designed by expert faculty, Mock tests, and Interview Guidance. Some salient features of the RBI Grade B DEPR Online Course 2024 are provided below.

• Video Lessons & Study Notes: Video lessons and study notes that cover the basic level of Economics.
• Mock Tests: Get 6 Full-length Practice tests for Phase 1 and 10 full-length Practice Tests (5 Tests for Descriptive Economics and 5 MTs for English Descriptive Writing) for the Phase 2 exam.
• Descriptive Economics: As per the exam pattern, this paper is handwritten. Our mock tests have been created to give you a real exam feel and make you accustomed to writing the paper. These Descriptive DEPR practice tests will be evaluated by the faculty and detailed feedback will be provided to you.
• Descriptive English: This can be a real game-changer. RBI Grade B DEPR Online Course will give you access to video lessons and study notes on writing skills, sample essays, suggested topics and 5 Descriptive English Mock Tests with individual Performance Feedback.
• Online Live Classes: Live classes with experts who have cleared RBI Grade B, Bank PO, SIDBI, and other competitive exams.
• Interview Guidance: Our experts will provide interview guidance in the form of Mock Interviews and personal feedback on your performance.
• Study plan: To guide you on how to go forward in your preparation.
• RBI Grade B DEPR Useful Videos

In order to ensure a seat as an RBI Grade B DEPR Officer, it is essential to grab every piece of information regarding the exam. Our Experts have provided Study notes and Videos to help in your preparation. These videos might assist you in the RBI Grade B DEPR exam preparation. Some videos regarding RBI Grade B DEPR Exam are provided below.