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RBI Grade B 2023 Notification Released for 291 Vacancies: Check the Eligibility, Vacancy, and Other Details

The Reserve Bank of India (RBI) has released the notification for the RBI Grade B exam 2023. Therefore candidates interested in the RBI can apply for this position. The application process for this post will start on May 9, 2023. 

Also, candidates should note that the last date to apply for this position is June 9, 2023. The selection process involves three stages. Therefore, candidates should prepare well so that they can stand out from the crowd. 

RBI Grade B 2023: Overview

The following table provides an overview of the RBI Grade B exam 2023

Name of the organization

Reserve Bank of India

Exam name

RBI Grade B

Post

Grade B

Vacancy

291

Category

Bank job

Language of the exam

English

Application mode

Online

Selection process

Phase I, Phase II, and Interview

RBI Grade B 2023: Important Dates

The following table provides the important dates of the RBI Grade B exam 2023

Events

Dates

RBI Grade B 2023 notification release date

April 26, 2023

RBI Grade B 2023 notification PDF release date

May 9, 2023

RBI Grade B 2023 online application start date

May 9, 2023

RBI Grade B 2023 online application end date

June 9, 2023

RBI Grade B 2023: Vacancy Details

The following table provides the total number of vacancies for each post. 

Posts

Number of Vacancies

Officers in Grade ‘B’ (DR)-General

222

Officers in Grade ‘B’ (DR)-DEPR

38

Officers in Grade ‘B’ (DR)-DSIM

31

Total

291

RBI Grade B 2023: Eligibility Criteria

The following provides the details regarding the eligibility criteria. 

Educational Qualification

The following table provides the details regarding the educational qualification.

Post

Educational Qualification

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

Officer in Grade ‘B’ (DR)-DEPR

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

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

Age Limit

The minimum age limit is 21 years. And the maximum age limit is 30 years. The following table provides the details regarding age relaxation. 

Category

Age Relaxation

SC/ ST

5 years

OBC

3 years

Physically handicapped

10 years

PH+OBC

13 years

PH+SC/ST

15 years

Nationality

  • Citizen of India

  • The subject of Nepal or Bhutan

  • A Tibetan refugee who is permanently settled in India before January 1, 1962

  • Person of Indian origin who has migrated from either Pakistan, Burma, Sri Lanka, Kenya, Uganda, Tanzania, Zambia, Malawi, Zaire, Ethiopia, or Vietnam intending to reside permanently in India

RBI Grade B Exam Pattern

The following provides the details regarding the RBI Grade B exam pattern. 

Phase 1

Name of the Section

Number of Questions

Marks

Duration

English language

30

30

25 minutes

General Awareness

80

80

25 minutes

Quantitative aptitude

30

30

25 minutes

Reasoning

60

60

45 minutes

Total

200

200

120 minutes

Phase 2

Name of the Paper

Type of Paper

Time

Number of Questions

Marks

Paper 1-Economic and Social Issues

50% objective

30 minutes

30 objective questions

50

50% descriptive

90 minutes

4 descriptive questions

50

Paper 2-English (Writing Skills)

Descriptive

90 minutes

3

100

Paper 3-Finance and Management

50% objective

30 minutes

30 objective questions

50

 

50% descriptive

90 minutes

4 descriptive questions

50

 

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