RBI Grade B 2020: Notification To Be Out In November, Know Exam Date, Eligibility, Syllabus, Exam Pattern

You can clearly observe that each year there has been an increase in the no. of vacancies. Looking at this trend of RBI Grade B Vacancy, it is very clear that this year as well, the total no. of vacancies will increase. Let us now look at the Post Wise RBI Grade B 2019 Vacancy

RBI Grade B 2020 Eligibility Criteria

Candidates should be able to fulfill the mentioned requirements to be able to apply online for RBI Grade B Exam

1. Nationality

Candidate must be a citizen of India, or a subject of Nepal or Bhutan, or a Tibetan refugee who is permanently settled in India prior to January 1, 1962, or a person of Indian origin who has migrated from either Pakistan, Burma, Sri Lanka, Kenya, Uganda, Tanzania, Zambia, Malawi, Zaire, Ethiopia, or Vietnam with the intention of residing permanently in India.

2. Age Limit

Minimum age limit- 21 years
Maximum age limit- 30 years

Age Relaxation is as per Govt. norms as given below:

3. Educational Qualifications

(a) Officers in Grade ‘B’ (DR) – (General): Minimum 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.
Minimum qualifying percentage or an equivalent grade for the Bachelor’s degree will be in aggregate for all semesters/years
(b) Officers in Grade ‘B’ (DR) – DEPR: 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 recognized Indian or Foreign University /Institute;
OR
PGDM/ MBA Finance with a minimum of 55% marks or an equivalent grade in aggregate of all semesters /years from a recognized Indian or Foreign University /Institute;
OR
Master’s Degree in Economics in any of the sub-categories of economics i.e. agricultural/ business/ developmental/ applied, etc., with a minimum of 55% marks or an equivalent grade in aggregate of all semesters /years from a recognized Indian or Foreign University /Institute.
(c) Officers in Grade ‘B’ (DR) – DSIM :
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 (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 a one-year postgraduate diploma in Statistics or related subjects from a reputed Institute
OR
M. Stat. Degree of Indian Statistical Institute with a minimum of 55% marks (aggregate of all semesters/years)
OR
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.

RBI Grade B Exam 2020 Number of attempts

The RBI has specified the number of attempts for each category. Check the number of attempts category wise below.

• General Candidates: 6 Attempts,
• SC/ ST/ OBC/ PWD Candidates: No bar on number of attempts.

RBI Grade B Exam 2020 Application Fee

Candidates can check the category-wise Application Fee for the RBI grade B 2020 in the table below.

RBI Grade B 2020 Online Application Link

Candidates can apply online for RBI Grade B by clicking on the link mentioned below.

RBI Grade B Online Application Link[Link Inactive]

Note: The Online Application Link will be activated once the notification is released by the RBI.

RBI Grade B 2020 Salary

The candidates selected to the post of Officers through the RBI Grade B 2020 Exam will be given the salary of 12-14 Lac annually. The Exact Pay Scale for the RBI Grade B Officer is Rs. 35150-1750(9)-50900-EB-1750(2)-54400-2000(4)-62400. Candidates will have a Basic Pay of Rs. 35,150/- in which he/she will get an increment of Rs. 1,750/- till nine years of their service.

After the completion of these nine years, the officers will get into the executive band wherein the basic pay will increase to Rs. 50,900/- and then again for the next two years there will be an increment of Rs. 1,750/- and further an increment of Rs. 2000/- for the following 2 years. Thus a candidate will be ending up with the basic pay of Rs. 62,400/- and this is when he/she doesn’t even go through any promotion.

Apart from the Basic Pay, multiple allowances such as Dearness Allowance, House Rent Allowance, Family Allowance, Telephone Allowance, Conveyance Allowance, etc. are also provided to candidates post their joining to the post of Officer in RBI.

Detailed RBI Grade B Officer Salary

RBI Grade B Exam 2020 Exam Pattern

RBI Grade B 2020 Exam will be conducted in three phases:

• Phase-I or Prelims;
• Phase-II or Mains
• Interview

Candidates are required to clear all the three phases in order to get a confirmed post as a Grade B Officer in Reserve Bank of India. The Final merit list will be based on candidates’ performance in the main exam and interview round.

RBI Grade B Exam Pattern For Prelims Exam

• The RBI Grade B Prelims exam will be of 200 marks with a total time duration of 120 minutes.
• There will be a specific sectional duration which will be mentioned in the admission letter.
• There will mainly be four sections

RBI Grade B Exam Pattern For Mains Exam

The candidates who will qualify the Prelims will be eligible to appear for the mains exam or Phase 2.

• There are three separate papers in the main exam.
• Each paper will be of 100 marks.
• The English paper is a descriptive test.

RBI Grade B Officer Interview

Candidates will be shortlisted for the interview, based on aggregate marks obtained in Paper-I, Paper-II, and Paper-III of the Phase II exam. The interview Process will carry 50 marks.

RBI Grade B Cut off For Phase II

The candidates who are shortlisted in the RBI Grade B Phase I are to appear for the RBI Grade B Phase II Exam. The Phase II exam is conducted for candidates who are meet the cut off of RBI Grade B Phase I. This phase consists of three papers of 300 marks. RBI Grade B cut off for Phase II is the aggregate marks secured in Paper I, II, and III which is calculated out of 300 marks.

RBI Grade B Cut off 2018 for Phase II DR-General

 RBI Grade B Cut off 2018 for DSIM