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RBI Grade B

RBI Grade B Exam is concluded for 2018


What is RBI Grade B?
RBI conducts RBI Grade B Officer exam annually for Direct Recruitment (DR) for the posts of officers in Grade ‘B’ (DR) – General, DEPR and DSIM in Common Seniority Group (CSG) Streams.

Under the new scheme of selection the examination for General posts will be consist of two phases, viz., Phase-I and Phase-II (both in online mode) followed by Interview.

RBI Grade B-Officer Career Prospects
RBI offers lucrative pay-scale and perks. There are also reasonable prospects for promotion to higher grades.

Below are some of the details about the same as per RBI’s 2018 notification.

(i) Pay Scale: Selected Candidates will draw a starting basic pay of Rs. 35,150/- p.m. in the scale of Rs. 35150-1750 (9)-50900-EB-1750 (2)-54400-2000 (4)-62400 applicable to Officers in Grade B.
They will also be eligible for Dearness Allowance, Local allowance, House Rent Allowance, Family Allowance and Grade Allowance as per rules in force from time to time. At present, initial monthly Gross emoluments are approximately Rs. 75,831/-(approx.)

(ii) Perks: Reimbursement of expenses for maintenance of vehicle for official purpose, newspaper, telephone charges, book grant, allowance for furnishing of residence, etc. as per eligibility. Free dispensary facility besides reimbursement of medical expenses for OPD treatment/hospitalisation as per eligibility. Interest free festival advance, Leave Fare Concession (once in two years for self, spouse and eligible dependents). Loans and Advances at concessional rates of interest for Housing, Vehicle, Education, Consumer Articles, Personal Computer, etc. Selected candidates will be governed by ‘the defined contribution New Pension Scheme (NPS)’, in addition to the benefit of Gratuity.

(iii) Accommodation: Bank’s accommodation subject to availability. At certain centres, limited number of residential quarters are available. Facility for securing residential accommodation on lease, however, exists at all centres.

Important Dates

Important Dates
Website Link Open For Online Registration of Applications and Payment of Fees/Intimation Charges July 3, 2018 to July 23, 2018 General Application

DEPR/DSIM Application

1. Officers in Gr B (DR) General Phase-I Online Examination
Phase-II Online Examination
August 16, 2018
September 7, 2018
RBI Grade B Phase II 2018 Result
2. Officers in Gr B (DR) DEPR Paper – I Online Examination
Paper – II & III
Online/Written Examination
August 16, 2018

September 6 / September 7, 2018 (To be confirmed in Admit cards)

3. Officers in Gr B (DR) DSIM Paper – I Online Examination
Paper – II & III
Online/Written Examination
August 16, 2018

September 6 / September 7, 2018 (To be confirmed in Admit cards)

RBI Grade B Vacancy 2018

Number of Vacancies
General (GEN/UR) Scheduled Castes (SC) Scheduled Tribes (ST) Other Backward Classes (OBC) (Non Creamy Layer) TOTAL
1. Officers in Grade ‘B’(DR)- General 64 20 10 33 127^
2. Officers in Grade ‘B’(DR)- DEPR 11 4 1 6 22^^
3. Officers in Grade ‘B’(DR)- DSIM 11 (1)* 3# 2 17
^Out of 127 vacancies for Grade ‘B’ (DR)-General, 5 vacancies are reserved for Persons with Benchmark Disability (PwBD) Category.
^^Out of 22 vacancies for Grade ‘B’(DR)-DEPR, 1 vacancy is reserved for PwBD category under blindness and low vision.

RBI Grade B 2018 Eligibility

I. Nationality

A candidate must be either an Indian citizen OR
a Nepalese/Bhutanese subject OR
a Tibetan refugee who migrated to India before 1st January, 1962 with intention to settle permanently in India OR
a person of Indian origin who migrated from Pakistan, Burma, Sri Lanka, Kenya, Uganda, the United Republic of Tanzania, Zambia, Malawi, Zaire, Ethiopia and Vietnam with the intention of settling permanently in India.

II. Age Limits

(a) A candidate must be between 21 and 30 years old.

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

(b) Age Relaxations

SC/ST 5 years
OBC 3 years
Ex-employees (banking institutions -services terminated for reasons of economy/bank going into liquidation) or Personnel retrenched from Government Offices 5 years
Candidates ordinarily domiciled in the State of J&K during the period between 1st January, 1980 to the 31st day of December, 1989 5 years
ECOs/SSCOs*  5 years
Persons with Benchmark Disabilities** 10 years
Candidates having experience as an officer in Commercial Bank/Financial Institution in Public Sector 3 years
Gr. B (DR)-DEPR/DSIM candidates having Master’s Degree with Research/Teaching experience at a recognised University/Institute 3 years

*Please check detailed eligibility conditions in the detailed notice here
**SC/ST PwBD up to a maximum of 15 years; OBC PwBD up to a maximum of 13 years, subject to reservation of vacancies under the respective post.

Ill. Minimum Educational Qualifications: The following minimum educational qualifications are prescribed for the posts:

Minimum Educational Qualifications (as on 01-07-2018):
1. Officers in Grade ‘B’ (DR) – (General) • A minimum of 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.

• The minimum qualifying percentage or an equivalent grade for the Bachelor’s degree will be in aggregate for all semesters / years

2. 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 recognised Indian or Foreign University /Institute.

b. PGDM/MBA Finance with a minimum of 55% marks or an equivalent grade in aggregate of all semesters /years from a recognised Indian or Foreign University /Institute.

c. 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 recognised Indian or Foreign University /Institute.

(For SC, ST and PwBD candidates the requirement is second class with an semester aggregate minimum of 50% marks)





3. Officers in Grade ‘B’ (DR) – DSIM

a. A 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 in aggregate of all semesters / years; OR

b. 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

c. M. Stat. Degree of Indian Statistical Institute with a minimum of 55% marks in 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.

(For SC, ST and PwBD candidates the requirement is second class with an semester aggregate minimum of 50% marks)

RBI Grade B Application

Candidates have to apply only online through the Bank’s website i.e. www.rbi.org.in from July 3 – July 23, 2018. No other means/mode of applications will be accepted. Candidates desirous of applying for posts in both Gr. B (DR)-General and Gr B (DR) DEPR / DSIM (as the case may be) are required to apply using links for both the positions separately and pay the fees for both.

Quick-links for Applying for RBI Grade B
Direct Recruitment for the Post of Officers in Grade ‘B’ (DR) – (General) in Common Seniority Group (CSG) Streams – Panel Year 2018
Direct Recruitment for the Posts of Officer in Grade ‘B’ (DR) – DEPR/DSIM in Common Seniority Group (CSG) Streams – Panel Year 2018

RBI Grade B Application Fees and Intimation Charges

Sr. No.
1. SC/ST/PwBD Intimation Charges only Rs.100/-
2. GEN/OBC Application fee including intimation charges Rs.850/-
3. STAFF Nil Nil

Documents Required when Applying for RBI Grade B

File Size Specifications 
Other Information
Photograph of the Applicant (4.5cm × 3.5cm) 200 x 230 pixels (preferred) 20kb–50 kb Image file should be JPG or JPEG format
Signature of the Applicant 140 x 60 pixels (preferred) 10kb – 20kb CAPITAL LETTERS  NOT accepted

The applicant has to sign on white paper with Black Ink pen.

Thumb impression of the Applicant 140 x 60 pixels (preferred) 10kb – 20kb Left thumb impression on a white paper with Black or Blue ink
Scanned copy of handwritten declaration 140 x 60 pixels (preferred) 20kb – 50kb “I, _______ (Name of the candidate), hereby declare that all the information submitted by me in the application form is correct, true and valid. I will present the supporting documents as and when required.”

Scanning the photograph & signature:

  • Set the scanner resolution to a minimum of 200 dpi (dots per inch)
  • Set Color to True Color
  • File Size as specified above
  • Crop the image in the scanner to the edge of the photograph/signature, then use the upload editor to crop the image to the
    final size (as specified above).
  • Candidates using MS Windows/MSOffice can easily obtain photo and signature in .jpeg format not exceeding 50kb & 20kb respectively by using MS Paint or MSOffice Picture Manager.
  • Scanned photograph and signature in any format can be saved in .jpg format by using ‘Save As’ option in the File menu and size can be reduced below 50 kb (photograph) & 20 kb(signature) by using crop and then resize option (Please see point (i) & (ii) above for the pixel size) in the ‘Image’ menu. Similar options are available in other photo editor.

RBI Grade B Exam Pattern

Prelim Examination (Phase I) of RBI Grade B(DR)- General

The prelim exam for RBI Grade B will take place on 16th August 2018. The date, time and venue on which a candidate has to appear for examination will be specified in the Admission Letter (AL) to be downloaded by the candidate.

Link to download admit card to be updated here.

Mode: Online
Type: Objective
Total Marks: 200
Cutoff: Sectional as well as Aggregate
Negative Marking: Yes, 0.25 marks per wrong answer are deducted

Detailed Exam Pattern and Structure is given below and will be updated with final breakup as per Information Handout:

Sr. No.
No. of Questions (tentative)
Maximum Marks (tentative )
1. General Awareness 80 80 Composite time of 2 hours
2. Quantitative Aptitude 30 30
3. English Language 30 30
4. Reasoning 60 60
Total 200 200

Roll No. of the candidates shortlisted for Phase-II examination will be published on RBI web-site, tentatively within a week after Phase-I examination.

Main Examination (Phase II) of RBI Grade B(DR)- General

Mode: Online
Type: Objective + Descriptive
Total Marks: 300
Cutoff: Sectional as well as Aggregate
Negative Marking: Yes, 0.25 marks per wrong answer are deducted in objective sections.

Sr. No.
Section Asked
Paper Type
Maximum Marks
1. Economics and Social Issues Objective 100 90 minutes
2. Paper II English (Writing Skills) Descriptive (to be typed with the help of keyboard) 100 90 minutes
3. Paper III Finance & Management/Economics/Statistics Objective Type 100 90 minutes

Aggregate of Paper 1 + Paper 2 + Paper 3 will be considered to arrive at Phase-II Result

RBI Grade B Interview

Total Marks: 50 marks
Mode: In-person

Candidates will be shortlisted for the interview, based on aggregate of marks obtained in Phase-II (Paper-I +Paper-II +Paper-III).
The minimum aggregate cut off marks for being shortlisted for Interview will be decided by the Board in relation to the number of vacancies.
Candidate may opt for interview either in Hindi or English.
Final Selection will be through merit list which will be prepared by adding marks secured by candidates in Phase-II examination and interview.

RBI Grade B Syllabus

RBI Grade B Prelims (Phase I) Syllabus – (DR) General 

Though RBI only gives broad classification of sections, the syllabus for the prelims can be broken up into section-wise sub-topics. Here is a detailed view of the syllabus based on past year questions and other banking exams.

Quantitative Ability
English Language
General Awareness
Logical Reasoning Simplification Reading Comprehension Current Affairs
Alphanumeric Series Profit & Loss Cloze Test Indian Financial Systems
Ranking/Direction/Alphabet Test Mixtures &Alligations Para jumbles Indian Banking Systems
Data Sufficiency Simple Interest & Compound Interest & Surds & Indices Miscellaneous Monetary Plans
Coded Inequalities Work & Time Fill in the blanks National Institutions
Seating Arrangement Time & Distance Multiple Meaning /Error Spotting Banking Terms
Puzzle Mensuration – Cylinder, Cone, Sphere Paragraph Completion
Tabulation Data Interpretation
Syllogism Ratio & Proportion, Percentage
Blood Relations Number Systems
Input Output Sequence & Series
Coding Decoding Permutation, Combination &Probability

RBI Grade B Mains (Phase II) Detailed Syllabus – (DR) General

Given below is the detailed syllabus for the Mains (Phase II) exam along with the sources that have been given as references by the RBI Scheme of Selection and Syllabus document.

Official Suggested References (as per RBI Syllabus)
Economic & Social Issues Growth and Development
Measurement of growth: National Income and per capita income
Poverty Alleviation and Employment Generation in India Sustainable Development and Environmental issues
Economic Reforms in India
Industrial and Labour Policy
Monetary and Fiscal Policy
Role of Economic Planning
Liberalisation, Privatisation and Globalisation
Balance of Payments and Export-Import Policy
International Economic Institutions: IMF, World Bank, WTO, Regional Economic Co-operation
Social Structure in India – Multiculturalism, Demographic Trends, Urbanisation and Migration, Gender Issues
Social Justice : Positive Discrimination in favour of the under privileged, Social Movements
Indian Political System – Human Development
Social Sectors in India, Health and Education
1. Indian Economy: Uma Kapila.(Series of Books)
2. Indian Economy: Mishra Puri. (Latest Edition)
3. Growth And Development: Devraj Ray
4. Sociology: C.N. Shankar Rao
Weekly/Monthly Magazines/Bulletins /Reports:
1. Economic and Political Weekly
2. Southern Economist
3. Yojana
4. Business India
5. RBI Bulletins
News Papers:
1. Economic Times
2. Hindu
3. Business Standard
1. World Development Report
2. Economic Survey of India
Finance (a) Financial System:
Regulators of Banks and Financial Institutions; Reserve Bank of India- functions and conduct of monetary policy; Banking System in India; Financial Institutions – SIDBI, EXIM, NABARD, NHB, etc.
(b)Financial Markets:
Primary and Secondary Markets (Forex, Money, Bond, Equity,etc.), Functions, Instruments, Recent Developments.
(c) General Topics:
1. Risk Management in Banking Sector
2. Basics of Derivatives: Forward, Futures and Swap
3. Changing Landscape of Banking sector
4. Recent Developments in the Financial Sector, Portfolio Investment, Public Sector Reforms, Disinvestments
5. Financial Inclusion- use of technology
6. Alternate source of finance, private and social cost-benefit, Public-Private Partnership
7. Corporate Governance in Banking Sector, role of e-governance in addressing the issues of corruption and inefficiency in the government sector.
8. The Union Budget – Direct and Indirect taxes; Non-tax sources of Revenue, GST, Thirteenth Finance Commission and GST, Finance Commission, Fiscal Policy, Fiscal Responsibility and Budget Management Act (FRBM)
9. Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI – components and trends.
a. An Introduction to Economics – A W Stonier and D C Hauge
b. Monetary Theory and Public Policy – Kenneth Kurihara
c. Indian Economy – Mishra and Puri
d. Indian Economy – R. Dutt and KPM Sundaram
e. Economic Growth and Development – Mayer and Baldwin
f. Major economic newspapers and Economic and Political Weekly
g. Public Finance – K K Andley and Sundaram
h. Financial Management -Prasanna Chandra
Management (a) Management:
Nature and scope; The Management Processes: Planning, Organisation, Staffing, Directing and Controlling; The Role of a Manager in an Organisation
(b) Leadership:
The Tasks of a Leader; Leadership Styles; Leadership Theories; A successful Leader versus an effective Leader.
(c) Human Resource Development:
Concept of HRD; Goals of HRD; Performance Appraisal – Potential appraisal and development – Feedback and Performance Counselling – Career Planning – Training and Development – Rewards – Employee Welfare.(d) Motivation, Morale and Incentives:
Theories of Motivation; How Managers Motivate; Concept of Morale; Factors determining morale; Role of Incentives in Building up Morale.
(e) Communication:
Steps in the Communication Process; Communication Channels; Oral versus Written Communication; Verbal versus non-verbal Communication; upward, downward and lateral communication; Barriers to Communication, Role of Information Technology.
(f) Corporate Governance:
Factors affecting Corporate Governance; Mechanisms of Corporate Governance.
The questions on this section will be basic in nature

RBI Grade B Syllabus & Exam Pattern – DEPR and DSIM can be referred to using this link.

RBI Grade B Results

RBI Grade B Phase II Results

RBI Grade B Mains Result 2018 can be accessed by candidates using the following link RBI Grade B Mains 2018 Result

RBI Grade B Phase I Results

Candidates can access RBI Grade B Prelims Result 2018 here RBI Grade B Prelim Result 2018

RBI Grade-B Cutoff

RBI Grade B Cutoff 2018 – Phase I

Section-wise and overall  cutoff marks in Phase – I exam (held on 16th Aug, 2018 and 2nd Sept, 2018) to shortlist candidates for Phase-II exam:
(Out of 80)
(Max. Marks Out of 60)
(Out of 30)
(Out of 30)
(Out of 200)
GENERAL/UR 20.00 15.00 7.50 7.50 105.75
OBC 16.00 12.00 6.00 6.00 95.75
SC 14.25 10.75 5.25 5.25 91.75
ST 14.25 10.75 5.25 5.25 91.75
PWD (OH/HI/VH/MD) 14.25 10.75 5.25 5.25

Based on cutoff for 2017, candidates can have an idea of cutoff to expect for 2018.

Official RBI Grade B Cut Off 2017 – Phase I 

16.50 12.50 11.00 11.00 11.00
REASONING 11.00 8.00 6.75 6.75 6.75
ENGLISH LANGUAGE 6.75 5.25 4.75 4.75 4.75
QUANTITATIVE APTITUDE 4.00 2.50 2.00 2.00 2.00
Total Marks 78.00 68.00 64.00 64.00 64.00

Official RBI Grade B Cut Off 2017 – Phase I 

Recruitment Process Category
  General  OBC SC ST
Aggregate Cut off marks in Paper I, II, and III for shortlisting the candidates for Interview 196.75 181.75 175.75 175.75
Aggregate Cut off marks in written examination (Paper-I, II & III) and Interview taken together 245.75 228.00 220.50 211.25

Cut Off marks for RBI Grade-B Phase-II and III – 2016

Recruitment Stage Category
Aggregate of Paper- I, Paper-II and Paper-III Gen. OBC SC ST
176.75 161.75 155.75 155.75
Aggregate marks in Written exam & Interview 225.50 211.00 204.25 210.25