RBI Grade B Eligibility Criteria 2024, Age, Qualification, No. of Attempts

Are you Eligible for the upcoming RBI Grade B 2024 Examination? Want to Know whether you can appear for the Exam or Not? We suppose the Answer is Yes!

To answer all your queries related to eligibility standards (as prescribed by the Reserve Bank of India) for RBI Grade ‘B’ DR General/DEPR/DSIM posts, we have covered all major and minor aspects in depth on this page. After reading this, you will not have to go anywhere for any questions. The eligibility criteria details covered in this article are:

1. Nationality
2. Age Limit and Category-wise Age Relaxation
3. Educational Qualification for General, DEPR, DSIM posts and percentage required.
4. Conversion of CGPA into Percentage
5. Prior Experience
6. Number of Attempts
7. And at last, we have mentioned the dos and don’ts related to RBI Grade B Eligibility 2024.

RBI Grade B Eligibility Criteria 2024

It is essential to know about the eligibility for RBI Grade B before applying for the preferred post. Candidates willing to apply for RBI Grade B 2024 must ensure that they fulfil the suitability standards. As mentioned above, eligibility involves some specific criteria like nationality, age, qualification, etc, so we will discuss each in detail here.

RBI Grade B Eligibility Nationality

The question of nationality as a desirability for RBI Grade B post doesn’t arise in the case of those who are natural citizens by birth because of ancestors. But it becomes an important aspect for aspirants who are refugees.

So, if you are willing to check the nationality criteria which is desirable, then go through the categories given below. It is utmost importance that the candidate’s nationality falls withing these categories.

a) Candidates must be Indian Citizens.

(b) A subject of Nepal or Bhutan

(c) A Tibetan Refugee who came to India before 1st January 1962 with the intention of permanent settlement.

(d) A Person of Indian Origin who has migrated from Burma, Pakistan, Vietnam, Sri Lanka, or East African countries of Zaire, Kenya, Tanzania, Uganda, Zambia, Ethiopia, and Malawi with the intention of permanent settlement in India

Candidates belonging to categories b, c, and d must have a certificate of eligibility issued by the Government of India in their favor.

So, ensure that you come under these above-discussed categories to avoid any problems at the time of final selection. Note that the original certificates regarding nationality will be checked during the interview along with other documents. So, make sure they are available and valid. 

RBI Grade B Age Limit

In this section, you can check the age limit criteria. The age limit for RBI Grade B officer positions varies based on categories. Generally, candidates should be between 21 and 30 years of age. However, there are relaxations for reserved categories like SC/ST, OBC, and PWD candidates, providing them with additional years of upper age limit. The prescribed age limit under the recruitment drive is

1. Lower Age Limit for Candidates – 21 yrs.
2. Upper Age Limit for a candidate – 30 yrs

Age Relaxation granted to the reserved categories as per the government rules and regulations are given below.

RBI Grade B Age Relaxation

The relaxation in age is provided as per the category of the candidates. Such as OBC candidates will get a 3 year relaxation whereas SC/ST/ES/Ex-Bank Employees will get 5 years of relaxation. The PwD candidates get more years as compared to other categories. Check the maximum age and years relaxed in the table below.

For candidates possessing M.Phil. and Ph.D. qualifications, the upper age limit will be 32 and 34 years respectively

Age Relaxation For Those Who Are Experienced

Candidates having experience in SCBs/Public Sector Insurance Companies and (AIFI) must note that the upper age limit can be extended by the number of full years of relevant experience, up to a maximum of three years. In such cases, the candidate’s age should not surpass 33 years, including their experience.

RBI Grade B Educational Qualification

This eligibility is most important, and very few relaxations are provided to the candidates when it comes to qualification. The basic requirement is that the candidate must have a Graduation degree with 60% marks. So, those who have only completed their Bachelor’s degree can apply. Check the post-wise qualification as given below.

(a) Officers in Grade ‘B’ (DR)–(General)

1. 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.
2. The 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). 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,

B). 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.

C). A 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 the aggregate of all semesters /years from a recognized Indian or Foreign University /Institute.

(c) Officers in Grade ‘B’ (DR)–DSIM:

A). A master’s Degree in Statistics/ Mathematical Statistics/ Mathematical Economics/ Econometrics/ Statistics and informatics from IIT-Kharagpur or applied Statistics and informatics from IIT-Bombay with a minimum of 55% marks or equivalent grade (aggregate of all semesters/years).

OR,

B). A master’s Degree in Mathematics with a minimum of 55% marks or an equivalent grade in the aggregate of all semesters/years and a one-year postgraduate diploma in Statistics or related subjects from a reputed Institute.

OR,

C). M. Stat. Degree of Indian Statistical Institute with a minimum of 55% marks (aggregate of all semesters/years).

OR,

D) 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.

OR,

E). Two years’ Postgraduate 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, or a UGC/ AICTE approved program.

RBI Grade B CGPA to Percentage Conversion Criteria

The Reserve Bank of India (RBI) has mentioned that some universities provide grading system in percentage whereas some provide it in form of CGPA/OGPA/CPI out of 10. If you have your degree marks in percentage then same will be accepted but if its the other way, then candidates have to covert it into CGPA.

If a University/Institute/Board has specified a method for converting Aggregate Grade Points into percentage marks, that method will be followed. However, if the University/Institute/Board hasn’t provided such criteria in the degree/passing certificates, the conversion will be calculated as follows:

Is there Any Prior Experience Required to Work with RBI?

Yes, this is a very important question in the mind of those who have just cleared their Degree Exams. This is a general question because the RBI Grade B Examination and its reputation have gained momentum for only 3-4 years. Before that, only a few people knew about it, and therefore, there was less knowledge. But not anymore! It is a good news for the freshers that applying for the RBI Grade B post does not require any experience before it.

Even in its official notification, RBI mentions that fresher candidates are welcome to apply for the post as RBI wants to gauge the fresh talent in its management operation. So, don’t hesitate to apply if you are new to it.

How Many Attempts Can I Make in RBI Grade B 2024?

The next most important question is how many attempts are allowed to candidates. So, to answer that, candidates from the General Category/Economically Weaker Sections (EWS) who have participated in the Phase-I Examination for this post on six previous occasions, as administered by the Reserve Bank of India Services Board are ineligible to apply.

However, candidates from the Scheduled Caste (SC), Scheduled Tribe (ST), Other Backward Classes (OBC), and Persons with Benchmark Disabilities (PwBD) face no such restriction if the posts are reserved for their respective categories.

Important Takeaways

Now, that we know about the RBI Grade B Eligibility Criteria 2024 in detail, here are some of the important takeaways that we can deduce from the information given above. So, here it goes:

1. Candidates must be a citizen of India, subject of Nepal/Bhutan, a Tibetan refugee, or a Person with India Origin from accepted countries provided that the certificate is authorised by the Government of India.
2. The minimum age limit is 21 to 30 years and relaxation is provided to reserved categories.
3. Candidates must have attained 60% marks in Bachelors/Masters degree (50% in case of SC/ST/PwBD).
4. Freshers can also apply for the post.
5. There a total of 6 attempts available for the General category but for SC/ST/OBC/PwD, there is no such limit.

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