RBI Grade B Recruitment 2023: 291 Vacancies For Graduates & Postgraduates

The Reserve Bank of India (RBI) has shared its annual Grade B Notification 2023, announcing 291 vacancies for Grade B officers under General, Department of Economic & Policy Research (DEPR), and Department for Statistics and Information Management (DSIM) posts.

RBI is India’s central bank and regulatory body and is a coveted organization to work for, offering individuals a chance to impact the way the country’s economy functions. Consequently, RBI receives thousands of applications every year and the Grade B examination is naturally, quite competitive.

For this year, RBI has announced the following vacancies:

Officers in Grade B (DR) General PY-2023: 222
Officers in Grade B (DR) DEPR PY-2023: 38
Officers in Grade B (DR) DSIM PY-2023: 31

Read below to find the eligibility criteria, remuneration package and other important information about the Grade B exam and vacancies:

RBI Grade B Recruitment 2023: Eligibility Criteria

Applicants in the general category aged between 21 to 30 can apply for the Grade B Exam. Applicants from the SC/ST category, OBC category and Physically Handicapped category receive a relaxation of 5, 3 and 10 years, respectively. Applicants holding Ph.D or M.Phil. qualifications also receive a relaxation of 4 and 2 years, respectively.

Additionally, applicants need to be Indian citizens or a subject of Nepal or Bhutan or a Tibetan Refugee who came to India before January 1, 1962, and intends to permanently settle in India.

A person of Indian origin migrated from Pakistan, Burma, Sri Lanka, East African countries of Kenya, the United Republic of Tanzania (formerly Tanganyika and Zanzibar), Uganda, Zambia, Malawi, Zaire, Ethiopia and Vietnam with the intention of permanently settling in India is also eligible to apply.

Listed below are the educational qualifications for the different posts:

Posts	Minimum Educational Qualifications
Officers in Grade 'B' (DR) - (General)	Graduation in any discipline /Equivalent technical or professional qualification with minimum 60% marks (50% for SC/ST/PwBD applicants) or Post-Graduation in any discipline / Equivalent technical or professional qualification with minimum 55% marks (pass marks for SC/ST/PwBD applicants) in aggregate of all semesters / years. Note: Graduation Level: Any such course from a recognised University / Institute that is taken after Class XII and is at least of 3 years’ duration/ candidates possessing professional or technical qualifications which are recognised by the Government as equivalent to professional or technical graduation will be eligible for admission to the examination, subject to obtaining minimum marks prescribed above. Post-Graduation Level: Any such course from a recognised University / Institute that is taken after Graduation and is at least of 2 years’ duration / recognised by the Government as equivalent to professional or technical Post-graduation will be eligible for admission to the examination, subject to obtaining minimum marks prescribed above.
Officers in Grade 'B' (DR) - DEPR	• Essential: a. A Master's Degree in Economics (or any other master's degree where "Economics" is the principal constituent* of the curriculum/syllabus, namely MA / MSc in Quantitative Economics, Mathematical Economics, Financial Economics, Business Economics, Agricultural Economics, Industrial Economics) OR b. A Master's Degree in Finance (or any other master's degree where "Finance" is theprincipal constituent* of the curriculum / syllabus, namely MA / MSc in Quantitative Finance, Mathematical Finance, Quantitative Techniques, International Finance, Business Finance, Banking and Trade Finance, International and Trade Finance, Project and Infrastructure Finance, Agri Business Finance) For a) and b) above, minimum 55% marks or an equivalent grade is required in aggregate of all semesters / years from a recognized Indian or foreign University / Institute. * "Principal constituent" with respect to syllabus / curriculum means half or more of the total courses / electives / credits must be in Economics or Finance. Note I: For SC, ST and PwBD candidates, the minimum marks required in Master's Degree as in items (a) and (b) above is 50% marks or an equivalent grade in aggregate of all semesters / years. Desirable: A Doctorate Degree in Economics, or research or teaching experience in economics, or publication in the field/area of Economics in standard journals.
Officers in Grade 'B' (DR) - DSIM	Essential: a. A Master's Degree in Statistics/ Mathematical Statistics/ Mathematical Economics/ Econometrics/ Statistics & Informatics/ Applied Statistics & Informatics 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 postgraduate diploma in Statistics or related subjects from an Institute of repute; OR c. Master’s degree course in Data Science/ Artificial Intelligence/ Machine Learning/ Big Data Analytics, 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, UGC/ AICTE approved programme; OR d. Four-year Bachelor’s degree with a minimum of 60% marks or equivalent grade in aggregate of all semesters/ years in Data Science/ AI/ ML/ Big Data Analytics from a recognized University/ Institute, an institute of national importance, UGC/ AICTE approved programme; OR e. Two years Post Graduate 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, UGC/ AICTE approved programme.

Some Universities/Institutes/Boards do not award Class or percentage of marks and allot Aggregate Grade Points (e.g., CGPA/OGPA/CPI, etc.). In case University/Institute/Board defines criteria for conversion of Aggregate Grade Point into percentage of marks, the same will be accepted. However, where the University/Institute/ Board does not define criteria for conversion of Aggregate Grade Point into percentage of marks, in the degree/passing certificates, the undefined parameter(s) would be worked out as under:

Equivalent CGPA/OGPA/CPI or similar terminologies allotted on a 10-point scale	Aggregate Percentage of Marks
6.75	60%
6.25	55%
5.75	50%

RBI Grade B Recruitment 2023: Selection Process

The country-wide exam for RBI Grade B has a three-phase selection process - preliminary examination (Phase I), followed by main examination (Phase II) and then, a final interview process. The preliminary examination is objective in nature while the main examination comprises objective as well as descriptive tests.

RBI Grade-B Exams		Dates
Officers in Gr B (DR)- General	Phase-I – Online Examination	July 09, 2023
Officers in Gr B (DR)- General	Phase-II – Paper I, II & III Online Examination	July 30, 2023
Officers in Gr B (DR) – DEPR	Phase I - Paper - I - Online Examination	July 16, 2023
Officers in Gr B (DR) – DEPR	Phase II - Paper - II & III Online/Written Examination	September 02, 2023
Officers in Gr B (DR)- DSIM	Phase I - Paper - I - Online Examination	July 16, 2023
Officers in Gr B (DR)- DSIM	Phase II - Paper - II & III Online/Written Examination	August 19, 2023

RBI Grade B Recruitment 2023: Salary

Selected candidates will draw a starting basic pay of INR 55,200 per month. Additionally, officers in Grade B will also be eligible for Special Allowance, Grade Allowance, Dearness Allowance, Local Compensatory Allowance, Special Grade Allowance, Learning Allowance, House Rent Allowance as per rules in force from time to time.

At present, initial monthly gross emoluments (without HRA) are INR 1,16,914 (approximately) The House Rent Allowance of 15% of Basic Pay will be paid, if accommodation is not provided by the Bank.

RBI Grade B Recruitment 2023: Application Process & Fee

Interested candidates need to apply online on the RBI website. Online registration will begin on May 09, 2023, and last till June 09, 2023 (6 pm). The application fee for general category applicants is INR 850 and for SC/SCT and PH candidates is INR 100.

Candidates who wish to apply for both Gr B (DR)-General and Gr B (DR) DEPR or DSIM (as the case may be) need to apply separately for both and pay the fees for both. Here’s the detailed application process:

Candidates need to register at the IBPS portal and fill up the form. Candidates have to enter their basic details and upload the photograph, signature, left thumb impression and a hand-written declaration in the online application form.
Once the form is completed, candidates need to pay the fee online.
Submit the form.
The candidates need to print and keep a hard copy of the application form for future reference.

Last Date To Apply And Direct Application Link

The last date to apply for RBI Grade B 2023 is June 09, 2023. Interested candidates can click here to apply - RBI Grade B 2023

To find more information about exam centres and application details, find the detailed notification here.

You can also see the following:

Srishti Magan

Sr. Content Editor

I’m a reader first and a writer second, constantly diving into the world of content. If I’m not writing or reading, I like watching movies and dreaming of a life by the beach.

Updated On: 12 May'23, 12:03 PM IST