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RBI Grade B Eligibility Criteria 2024: Age Limit & Qualification

Topics Covered: RBI Grade B Eligibility Criteria, Age Limit, Educational Qualification, Number of Attempts.

There is famous quote which goes, “You must first deserve the thing that you desire the most.” And there is certain truth to it.  

While the RBI Grade B exam ranks in its desirability amongst aspirants like you, it is important for you to have a clear idea whether you are suitable to apply for the exam or not.  

So, I always suggest that my students have a well-rounded idea of exam-related aspects, including eligibility criteria for the RBI Grade B exam.  

Knowing the eligibility requirements well is the first step you shall take in the exam process.  

And so, you must have thorough knowledge about the same since the eligibility criteria include many factors such as educational qualifications, number of attempts, and age limit 

By going through educational qualifications, you gain an idea of the minimum qualification needed to appear for the exam.  

Along with this, aspects such as age limit and number of attempts will help you get an idea of the total time and chances that are still available to you to prepare your best and clear the exam.   

To help you clear any confusion you might have related to RBI Grade B eligibility, I will be explaining in detail everything you need to know about the topic.  

Let’s proceed to look at latest RBI Grade B eligibility 2024. 

Table of Content – RBI Grade B Eligibility Criteria 2024

What is RBI Grade B Eligibility 2024? 

It’s important to have a clear understanding of the RBI Grade B eligibility to check whether you are suitable to appear for the exam.  

 The eligibility criteria for RBI Grade B includes factors such as nationality, educational qualifications, age limit, and number of attempts.   

 For example, talking about the age limit, the candidates must be of ages between 21 to 30 years to be eligible for the exam.  

You can know more about the other factors in detail in the subsequent sections below.  

RBI Grade B Eligibility 2024 – Educational Qualification

While the component like eligibility seldom changes, aspirants can lay hold of the latest edition of the eligibility notification.

For example, the minimum educational qualifications required for the candidates is as follows:

    • Graduation: – The candidates from General category must score minimum 60% marks in aggregate.  
    • Post – Graduation: – The candidates from General category must score minimum 55% marks in aggregate.   

To check the latest RBI Grade B eligibility criteria 2024, the candidates can refer to the following educational qualification requirements provided in the below to appear for the RBI Grade B exam. You may read about it in detail in the table below: 

PostMinimum Education Qualification
General

You need to have atleast 60% marks in Graduation (50% for SC/ST/PwBD applicants)
or
55% marks in Post Graduation (passing marks for SC/ST/PwBD applicants)


in aggregate of all semesters/years. Many students ask if 60% marks in graduation should be in each semester or average. Well, relax, it’s an average of all semesters.

DEPR

You need to have any one of the following: (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; OR (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; OR (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. Note: SC, ST and PwBD candidates having second class with a minimum of 50% marks or equivalent grade in aggregate of all semesters / years in Master's Degree examination or equivalent recognized qualifications are eligible to apply.

DSIM

You need to have any one of the following: (A) A Master's Degree in Statistics/Mathematical Economics/ Mathematical Statistics/Statistics & Informatics/Econometrics from IIT-Kharagpur or Applied Statistics & Informatics from IIT-Bombay with at least 55% marks in aggregate of all semester/years or an equivalent grade; OR (B) Master's Degree in Mathematics with at least 55% marks in aggregate of all semester/years and 1-year PG Diploma in Statistics or related subjects from the reputed institute; OR (C) M.Stat. from Indian Statistical Institute with a minimum of 55% marks in aggregate of all semesters/years OR (D) PG Diploma in Business Analytics (PGDBA) jointly offered by ISI Kolkata, IIT Kharagpur and IIM Calcutta with at least 55% marks in aggregate of all semesters/years or equivalent grade. Note: For SC/ST/PWD candidates, the minimum marks required in Master's Degree as in items a, b, c, and d above is 50% in aggregate of all semesters/years or an equivalent grade.

CGPA to Percentage Conversion Criteria given by RBI

Some Universities do not provide a percentage marks and instead make use of grading system like CGPA/OGPA/CPI for graduation and post-graduation. 

 If the University defines criteria for conversion of grades into the percentage marks, then the same criteria will be accepted. 

However, if the University does not define criteria for conversion, then the following calculation method will be used: 

CGPAAggregate Percentage of Marks
6.7560%
6.2555%
5.7550%

RBI Grade B Eligibility 2024 – Age Limit & Relaxation

One of the important aspects of RBI Grade B eligibility criteria is age limit and relaxations to apply for the exam.   

As per the RBI Grade B eligibility 2024, the age limit mandated by RBI is as follows:

    • The minimum age limit – 21 years,  
    • The maximum age limit – 30 years.   

As of 01st May 2024, you must have been born not earlier than 02nd May 1994 and not later than 01st May 2024.

However, under special circumstances or in cases where the candidates belong to certain reserved categories, RBI does grant provisions to take the exam even after the age of 30 years.  

To get an overview of RBI Grade B age limit and relaxation, you can take a look at the table below.   

RBI Grade B Age Limit & Relaxation
CategoryMinimum AgeRelaxationMaximum Age
General21 YearsNo Relaxation30 Years
OBC (only for non-creamy layer OBC candidates)21 Years30+3 Years33 Years
SC/ST21 Years30+5 Years35 Years
Ph.D21 Years30+4 Years34 Years
M.Phil.21 Years30+2 Years32 Years
PwBD (Blind, Deaf-mute, Orthopedically handicapped)Gen/EWS: 21 Years30+10 Years40 Years
SC/ST: 21 Years30+15 Years45 Years
OBC: 21 Years30+13 Years43 Years

RBI Relaxation based on Work Experience 

    • Apart from this, you are also given a relaxation if you had prior working experience as an officer in Commercial Bank/ Financial Institution/RBI in the Public Sector with an upper cap of 3 years.
       
    • However, that does not mean a candidate with 10 years of working experience in a bank will be granted with 10 years of relaxation.

While a working experience might add as an advantage, however it is not at all mandatory. If you have recently graduated or are in the final year of your graduation, you can proceed to prepare for the RBI Grade B exam

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RBI Grade B Eligibility 2024 – Nationality

Talking about the topic of nationality, this is not a very often asked question in the RBI Grade B eligibility section.

Anyway, I have written the RBI Grade B Nationality Related eligibility criteria below, and according to this criterion the candidate must either be:

    1. A citizen of India, or
    2. a subject of Nepal, or
    3. a subject of Bhutan, or
    4. a Tibetan refugee who came over to India before 1st January 1962 with the intention of permanently settling in India, or
    5. a person of Indian origin who has migrated from either Pakistan, Burma, Sri Lanka, Kenya, Uganda, Tanzania, Zambia, Malawi, Zaire, Ethiopia, or Vietnam with the intention of residing permanently in India.

Please note that if you belong to categories (2), (3), (4), or (5), you should possess a certificate of eligibility issued by the Government of India.

Also, it should be noted that if a candidate in whose case a certificate of eligibility is necessary, and if for some reason he doesn’t have it, he may still be admitted to the examination.

However, the offer of appointment may be given only after the necessary eligibility certificate is issued to him/her by the Government of India.

RBI Grade B Eligibility 2024 – Number of Attempts

Apart from the educational requirements and age limit, the RBI Grade B 2024 eligibility criteria also includes other important component, i.e., the total number of attempts to apply for the exam.  

Talking about the maximum number of attempts that you are allowed to take for the RBI Grade B Exam, the answer is 6. 

It should be noted that it is not compulsory to sit for all the attempts each year. In case you feel underprepared before the exam, i.e., you do not feel ready to take on Prelims exam, you can back out and save your attempt for later.  

However, in case you are a candidate belonging to categories such as SC/ ST/ OBC/ PWD, there are no such restrictions on the number of attempts.  

That’s because, for SC/ ST/ OBC/ PWD candidates, the maximum number of attempts is unlimited, i.e., they can appear for the exam as many times as they require till they attain their respective upper age limits.

In the table below, I have provided a broad overview of RBI Grade B number of attempts for you to check.

CategoriesRBI Grade B No. of Attempts
General06 Attempts
SC/STUnlimited
OBC/PwBD/EWSUnlimited

Additional Points for RBI Grade B Eligibility

There are some additional points that the candidates must be mindful before applying for RBI Grade B exam: 

    • Female candidates who have changed their name or surname after marriage must have a valid Gazette Notification, marriage certificate, or affidavit in both original and photocopy.  
    • The candidates belonging to the SC/ST/OBC/PwBD/EWS/Ex-servicemen categories who want to claim reservation or relaxation benefits must have the required certificates in the prescribed format.  
    • The applicants are not allowed to change their category during the selection process. All candidates must have valid documents to prove their eligibility for reservation benefits. 
    • A candidate belonging to PwBD category seeking reservation must meet the eligibility conditions governed by the “Rights of Persons with Disabilities (RPWD) Act 2016,”  
    • In case a candidate become physically disabled during the selection process due to unfortunate events, then he/she must provide valid documents proving 40% disability or more as defined under the RPWD Act, 2016 to receive reservation benefits.  
    • There is no provision of age relaxations provided to candidates who identify themselves as widows.  

Conclusion

On the page, I have discussed comprehensively the RBI Grade B Eligibility Criteria which includes educational qualifications, which shall help you know the minimum qualifications required to sit for the exam.

Apart from this, factors like age limit and number of attempts will help you get an idea of total time and chances you are left with to apply for this exam.

I wish you all the best! 

Be curious and stay motivated!! 

CEO of Anujjindal.in

About Anuj Jindal

━━━━━

Anuj Jindal, the founder, is an ex-manager from SBI, with an M.Com from Delhi School of Economics. He also has a JRF in Commerce & Management and NET in HRM, along with more than 5 years of experience in the field of Education.

FAQs: RBI Grade B Eligibility Criteria

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    What is the Age limit for RBI Grade B 2024?

    Your age is a big criterion when it comes to the topic of eligibility for the RBI Grade B. The age limit to be eligible for RBI Grade B 2024 is as follows: 

    • The minimum age limit to apply for RBI Grade B exam is 21 years, whereas the maximum age limit differs from category to category.  
    • The candidates belonging to unreserved category, the maximum age limit is 30 years,  
    • whereas there is relaxation of 5 years for SC/ST candidates and 3 years for OBC candidates.

    To know more about RBI Grade B Eligibility for 2024 pertaining to age you can check here.

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    What are the topics covered in RBI Grade B Syllabus?

    The RBI Grade B exam is conducted in 2 Phases. For the first phase, you’d need to prepare for one paper with questions pertaining to, Quantitative Aptitude, Reasoning Ability, English, and General Awareness. For the second phase, you’d need to study 3 papers based on Economics and Social Issues (ESI), Finance and Management (FM), and English Descriptive. You can check out the detailed RBI Grade B Syllabus here. Good Luck!

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    Which book is best for the RBI Grade B 2024 exam preparation?

    Okay, so let us be clear about this. There is no one book that can act as your guardian angel for this exam. You would need to masterfully choose the things to read from a host of different books. But if you really insist on having a single book, here is the link to one that should best help you prepare for the RBI Grade B 2024 exam: RBI Grade B 2024 Phase 1 Book

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    How many attempts can you give for RBI Grade ‘B’ General, DEPR, and DSIM? 

    This is a pretty significant question, knowing the permissible number of attempts for the RBI Grade B exam might help you plan your future accordingly. So here’s the answer: 
    • If you belong to the General category, you can appear no more than 6 times for the RBI Grade B Exam. 
    • If you belong to SC/ST/OBC/PwBD/EWS category, then there are no restrictions on the number of attempts. 

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    What is the RBI Grade B Officer age limit for general category candidates?
    The minimum age limit for candidates belonging to general category is 21 years, whereas the maximum age limit is 30 years to apply for RBI Grade B exam.

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    Can a 30-year-old aspirant take the RBI exam?
    The candidates aspiring to appear for RBI Grade B exam must refer to the maximum age limit which is as follows: 

    • For unreserved category, the candidate must not have attained the age of 30 on specified date,  
    • whereas there is an age relaxation of 5 years for candidates belonging to SC/ ST category,  
    • There is a relaxation of 3 years for candidates belonging to OBC category.

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