Every year, the Reserve Bank of India releases the vacancies and starts the recruitment process for them. Now, the RBI Grade B Recruitment 2024 has been released to recruit officers for Grade B posts. The grade B posts include the general, DSIM, and DEPR, for which vacancies are out. RBI Grade 4 recruitment notification in detail is expected to be released in March 2024. The candidates who aim to recruit in RBI for vacancies need to fill out their applications online. For this, it is suggested that interested candidates take a close look at the official RBI website and learn about the application start date.
RBI Grade B Recruitment 2024 notification
The official RBI Grade B recruitment notification is expected to come in March or April 2024 on the official portal online. The notification gives complete details about recruitment to candidates, like the number of vacancies, name of posts, eligibility criteria, application link, how to apply, exam pattern, selection criteria, etc. So, it is suggested that candidates read the recruitment notification in detail before they start applying for the RBI Grade B vacancy in 2024.
| Exam Name | RBI Grade B 2024 |
| Name of posts | General Officer, DEPR Officer, DSIM Officer |
| Total Vacancies | 291 |
| Notification Release Date | March – April 2024 |
| Authority | Reserve Bank of India |
| Official Website | https://www.rbi.org.in/ |
RBI Grade B 2024 Vacancy
The number of vacant positions for the RBI Grade B Recruitment 2024 has not been released yet. It is expected from sources that there will be a total of 291 vacancies in 2024 recruitment. The Grade ‘B’ Officers DEPR had 38 vacancies, Grade ‘B’ Officers General has 222 vacancies and the Grade ‘B’ Officers –DSIM has 31 vacancies.
Eligibility Criteria
Candidates who desire to apply for the RBI Grade B Recruitment 2024 have to fulfill the eligibility standards set by the RBI. The eligibility standards encompass nationality, age limit, and academic qualifications. Here are the certain eligibility criteria for every vacant post
Educational Qualifications
The instructional qualifications vary depending on the category of posts
Grade ‘B’ (DR)–(General) Officer
Candidates who want to apply for the Grade ‘B’ (DR)–(General) officer positions under RBI Grade 4 recruitment must have a Bachelor’s degree with a minimum of 60% marks (50% for SC/ST/PwBD) or an equal grade. It is a minimum qualifying percentage applicable to each the Bachelor’s degree and 12th (or Diploma or equal) and 10th popular examinations.
Grade ‘B’ (DR)–DEPR Officer
Aspiring candidates who want to apply for Grade ‘B’ (DR)–DEPR posts are required to hold a Master’s Diploma in Economics/Econometrics/Quantitative Economics/Mathematical Economics/Integrated Economics Course/Finance, or PGDM/MBA Finance, Master’s degree in Economics. They have a specialization in agricultural/commercial enterprise/developmental/carried out economics or an equal qualification.
Grade ‘B’ (DR)–DSIM Officer
Candidates looking for Grade ‘B’ (DR)–DSIM officer roles have to possess a Master’s Diploma in Statistics/Mathematical Statistics/Mathematical Economics/Econometrics/Statistics & Informatics from IIT-Kharagpur/Applied Statistics & Informatics from IIT-Bombay, or a Master’s Diploma in Mathematics with a one-year postgraduate degree in Statistics, or an M. Stat. Degree from the Indian Statistical Institute or a postgraduate diploma in business analytics (PGDBA) collectively supplied via ISI Kolkata, IIT Kharagpur, and IIM Calcutta.
Nationality
Candidates need to be either
- An Indian resident or
- A person from Nepal or Bhutan, or
- A Tibetan refugee who has to get permanent residency in India previous to January 1, 1962, or
- An individual of Indian foundation who has relocated from Pakistan, Burma, Sri Lanka, Kenya, Uganda, Tanzania, Zambia, Malawi, Zaire, Ethiopia, or Vietnam with the purpose of settling completely in India.
Age Limit
The lower age limit is 21 years. The upper age limit is 30 years. However, there is age relaxation given to reserved class candidates. The relaxation is as follows.
- SC/ST: 5 years
- OBC: 3 years
- Physically Handicapped: 10 years
How do you apply for the RBI Grade B Recruitment 2024?
The RBI Grade B 2024 application process will be performed online through the official site of the RBI. Candidates need to carefully fill out the application form, presenting accurate and complete information.
- Visit the RBI official internet site of the RBI, https://www.rbi.org.in/
- Find the RBI Grade 4 recruitment 2024 link and tap on it
- Afterward, read the instructions and guidelines stated in the notification properly.
- Then, click on the “Apply Online” hyperlink to access the application form.
- Subsequently, check yourself by supplying the specified information
- Following that, fill out the application form with accurate private, academic, and phone information.
- Moreover, add the scanned copies of your picture, signature, and other required files.
- Once performed, pay the application fees by online payment modes
- Afterward, verify all of the details filled in the application form earlier than the very last submission.
- Finally, submit your application form and take a printout of the confirmation web page for future reference.
Application Fee
To apply online for recruitment of Grade B under the Reserve Bank of India, a person who belongs to the General, Other Backward Class, or Economically Weaker Section has to pay the application fee of Rs 850, and those who belong to Scheduled Tribes/Caste, may pay only Rs 100.
RBI Grade B Selection Process 2024
The selection process for the post Grade B under the Reserve Bank of India includes 3 stages, which can be Prelims, Mains, and Interviews.
Prelims
- Mode: Online
- Time: 2 hours
- Sections- English Language, Reasoning, General Awareness and Quantitative Aptitude
- Total Marks: 200
- Marking Scheme: Negative marking of 1/4th of the marks deducted on every incorrect answer attempt by a candidate
Mains
General (DR) Posts
Paper 1 – Economic and Social Issues
- 50% Objective Test (30 objective questions)
- 50% Descriptive Test
- Total Marks: 100
- Time: 90 minutes for Objective, 90 minutes for Descriptive
Paper 2 – English (Writing Skills)
- Descriptive Test
- Total Marks: 100
- Time: 90 mins
Paper 3 – Finance and Management
- 50% Objective Test (30 objective questions)
- 50% Descriptive Test (6 descriptive questions, 4 to be responded)
- Total Marks: 100 (50 for each section)
- Time: 120 minutes
DEPR & DSIM Posts
Paper 1 – Economic and Social Issues
- 50% Objective Test (30 objective questions)
- 50% Descriptive Test (6 descriptive questions, 4 to be replied)
- Total Marks: 100 (50 for each section)
- Time: 90 mins for Objective, 90 mins for Descriptive
Paper 2 – English (Writing Skills
- Descriptive Test
- Total Marks: 100 marks
- Time: 90 mins
Paper 3 – Statistics
- 50% Objective Test (30 objective questions)
- 50% Descriptive Test
- Total Marks: 100 (50 for each section)
- Time: 120 mins
Interview
- It will be worth 75 marks.
- Psychometric Test carried out earlier than the Interview (no marks allocated, not a part of the final choice standards).
- It will be a preference that one wants to see in the very last course process in Hindi or English.
RBI Grade B 2024 Salary Structure
The selected candidates for the RBI Grade B Officer positions will get hold of a handsome salary as follows as
| Initial Pay Scale | 55,200-2850(nine)-80850-EB-2850(2)-86550-3300(4)-99750 |
| Various Allowances | Dearness Allowance, House Rent Allowance, Family Allowance, Telephone Allowance, Conveyance Allowance, and so on. |
| Total Annual Salary Estimate | 12-14 Lac |