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RBI Grade B Notification 2024, Exam Dates & Job Profile

Topics Covered: RBI Grade B Notification 2024, RBI Grade b Exam Dates 2024, Job Profile of Grade B Officer with Work Timings, Roles & Responsibilities, Career Growth & Job Myths

Preparing for an exam like RBI Grade B requires to have a well – rounded knowledge of the exam – related factors.

So, the first step you must take is to be thorough with all key aspects of the RBI Grade B exam. This gets accomplished when you carefully go through the official notification.

Since it contains details related to the latest eligibility criteria, syllabus, exam pattern, and much more. It becomes important to familiarize yourself with all these details. 

Now, another important aspect of the exam is knowing the date when it will commence.

As you must be aware that RBI Grade B exam is held in multiple stages, so having a proper idea of the exam dates will help you strategize your preparation and cover the syllabus accordingly.  

While I am sure many of you must be preparing hard for the exam, but the motivation to sustain those efforts comes when you are driven by a strong purpose! 

This purpose comes once you realize the immensity of responsibilities that are handed over to a RBI Grade B officer. Hence, you must also learn about this crucial factor that will form a major part of your career after you get selected.

Yes, it is the RBI Grade B job profile that I am talking about, which shall enlighten you about the functions an officer will be performing. 

To help you get a holistic idea about the exam, I will be discussing all these factors in detail in the section below.  

So, without further ado, let’s get started!  

Table of Content – RBI Grade B Notification, Exam Dates & Job Profile

RBI Grade B Notification 2024

The RBI Grade B notification 2024 has not been out yet and is expected to release in the month of July 2024.  

The notification contains information related to the latest eligibility criteria, including educational qualification, age limit and exam pattern for RBI Grade B Phase 1 and Phase 2. 

Till then, you can take a look at the important details related to RBI Grade B given in the last year’s notification.  

Previously, the RBI Grade B official notification was out on 9th May 2023. The online application process for the exam started on the same day itself and continued till 16 June 2023.  

The Phase 1 exam of RBI Grade B 2023 took place on 9th July 2023, while the Phase 2 exam commenced on 30th July 2023.  

The RBI Grade B Interview process began from 25th September 2023 and continued till the month of December 2023. A total of 291 vacancies were released with the notification.   

You can check the latest RBI Grade B syllabus 2024; in case you haven’t done so yet.  

RBI Grade B Exam Dates 2024

While the official RBI Grade B 2024 notification is yet to be released, if you planning to prepare for the upcoming RBI Grade B 2024, you can take a look at the previous RBI Grade B Exam Dates 2023.

On 26th April 2023, various newspapers have released an advertisement regarding RBI Grade B notification which will officially be announced on 09th May 2023 along with that has provided official exam dates for various streams for Phase 1 and Phase 2.

The exam for Phase 1 is scheduled for 09 July 2023 and the exam for Phase 2 on 30th July 2023. 

RBI Grade B Exam Dates
2023 EventsDates
Release of RBI Grade B 2023 Notification26th April 2023 (Newspaper Cut Out)
RBI Grade B 2023 Online Registration09th May-16th June 2023 (6:00 PM IST)
Release of 2023 Prelims Admit Card29th June 2023
RBI Grade B 2023 Exam Date for General Phase–I09th July 2023
RBI Grade B 2023 Exam Date for DEPR/DSIM Phase 116th July 2023
Release of RBI Grade B 2023 Phase-I Result18th July 2023
Release of RBI Grade B 2023 Phase-II Admit Card24th July 2023
RBI Grade B 2023 Exam Date Phase-II General (DR)30th July 2023
RBI Grade B 2023 Exam Date Phase-II DEPR02nd Sep 2023
RBI Grade B 2023 Exam Date Phase-II DSIM19th August 2023
Release of RBI Grade B 2023 Phase-II (General) Result28th August 2023
RBI Grade B 2023 Interview Dates25th September to December 2023
RBI Grade B Final Result Declaration13th December 2023
RBI Grade B Final Cut Off Date27th December 2023

RBI Grade B Job Profile

As an RBI Grade B Officer, you will be working with India’s foremost financial establishment and will be making the policies for the banks all around the country and work on monetary policies around the year. 

However, it should also be noted that you shall be on post-trial supervision for a long time which can go up to 4 years as per your performance.  

As far as the assigning goes, the assignment of new officers into the various divisions/departments is a random process. Individuals with experience in HRD might be given Banking Supervision and vice-versa. 

That said, some of the divisions are Financial Markets, Banking Supervision, Banking Regulation, Currency Issuing, Public Debt Office, Foreign Exchange, HRD, and so forth. 

RBI Grade B Officer Job Profile – Roles & Responsibilities 

After undergoing a probation period, the RBI Grade B perform the following functions: 

    • Handing the issuance and circulation of currency: This involves maintaining the currency exchange and regulating its circulation.  
    • Checking the nation’s financial stability: This involves ensuring an adequate supply of liquidity and maintenance of cash flow in the country.  
    • Handling all government bank accounts: Looking after various state and central government accounts by performing merchant banking functions.  
    • Regulating the monetary policies of nation: This involves doing economic analysis and formulating economic policies and compiling data pertaining to select sectors. 

You can check the RBI Grade B preparation strategy & study plan that I have curated.

RBI Grade B Officer Job Profile – Work Timings

Now talking about the daily life of an RBI officer, the RBI has set working hours. However, these working hours differ from region to region and depend on the local conditions.

For example, the New Delhi office has working hours from 10:15 am to 5:30 pm while the Lucknow Office has working hours from 9:45 am to 5:00 pm.

Typically, the working hours are between 9:00 am to 5:00 pm. So, to elaborate, all weekends are off (except for certain exceptional circumstances). 

That is because the work is easily manageable during working hours and RBI promotes a good work-life balance. 

Also, you will be asked to choose the location of your choice, but it is not guaranteed that you will get the city of your choice. However, a good thing about the RBI Grade B posting is that all the offices are in cities. 

You can take a look at the RBI Grade B Officer salary & other perks.  

RBI Grade B Officer Job Profile – Career Growth

The RBI Grade B officers are provided with an opportunity to reach higher ranks with the help of promotional examinations within the organization to reach the next level.  

The RBI Grade B officers start off with the post of Assistant Manager and progress in their career in the following order: 

    • Assistant Manager 
    • Manager 
    • Assistant General Manager  
    • Deputy General Manager 
    • General Manager 
    • Chief General Manager 
    • Principal Chief General Manager 
    • Executive Director 
    • Deputy Governor 
    • Governor 

Now check the Job Myths of RBI Grade B Officer.

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RBI Grade B Job Myths

Let us discuss a few Myths about the RBI Grade B job/exam.

Myth 1: Only people with a strong finance background can clear this Exam

Fact 1: It is not true at all. RBI wants diversity in their employees to get good ideas while making policies.

Therefore, even individuals with Engineering or other backgrounds, with the right preparation, should be able to clear the exam.

Myth 2: It resembles a typical bank, monotonous occupation, an absence of development openings

Fact 2: Absolutely, not true. The functioning of RBI is not even close to that of a typical bank. A major chunk of the daily activities, of a typical bank, are client-facing. While the daily activities at RBI involve creating and updating monetary policies among other activities.

Myths 3: There is a lack of Development opportunities at RBI

Fact 3: In reality, there are significant training, research, deputation, and self-development opportunities at RBI.

Myth 4: IIT and IIM Graduates are favored

Fact 4: Well, that’s so Not True!!

Everything relies upon your skills, knowledge, and score in the Phase 2 exam and interview.

Myth 5: My Phase 1 score is marginally more than the cutoff, I won’t be selected

Fact 5: Phase 1 is just a qualifying phase. It doesn’t matter if you clear the cut off by 1 mark or 50 marks as long as you clear it. So, don’t feel deflated instead feel motivated and start preparing for Phase 2.

Myth 6: Initially I should focus only on Phase 1. I will focus on Phase 2 once I clear Phase 1.

Fact 6: A common oversight is that the RBI doesn’t give enough time for Phase 2. A few weeks are given after Phase 1 and you can’t even cover English descriptive in those few days.

So, make sure to prepare for Phase 2 from day 1.

Myth 7: I am getting great scores in other banking exams/I am a UPSC aspirant, clearing RBI ought to be a walk in the park

Fact 7: Scoring great marks in other banking examinations will help you certainly yet you should remember that the level of RBI Grade B examination is different from the level in those examinations. These great scores should serve as a confidence boost for you.

The level of most of the Phase 1 sections is quite tough, in some cases, it matches even the level of CAT.

As for UPSC aspirants, Economics and GS may encourage you, however, RBI Phase 1 paper contains numerous reality-based or scheme questions, which isn’t the situation with UPSC.

Conclusion

On this page, we have discussed all the important information regarding the RBI Grade B notification, which will help you know all key details.

I have also provided RBI Grade B exam dates, so that you can strategize preparation for all three phases, and lastly, RBI Grade B job profile, so that you are familiar with the roles and responsibilities of an officer. I wish you all the best for the future! 

Be confident & stay determined!!

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 Notification, Exam Dates & Job Profile

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    Does RBI release notification every year?

    Yes. RBI releases the RBI Grade B notification every year. 

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    Can final year students apply for RBI Grade B Recruitment 2024 

    No.

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    Is there a sectional cut off in the RBI Grade B exam? 

    Oh yes, certainly, there’s a sectional cut off in the RBI Grade B exam. Therefore, you need to remember not to just focus on the sections you are good at. Since every section carries its own separate cut off marks, you’d be wise to pay attention to all of them to the required extent. If you want to know about the cut offs in detail, I have made it available here

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    Is there any negative marking in the RBI Grade B Exam? 

    Yes, unfortunately, there’s negative marking in the RBI Grade B exam. 1/4th marks are deducted for every wrong answer. This applies to both the RBI Grade B Prelims, as well as the Mains exam. I know this somewhat of a letdown. Just make sure you choose your answers after much deliberation, and you’ll sail through unscathed. 

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    When will RBI Grade B official notification 2024 be released?
    The notification for RBI Grade B 2024 is likely to be out in the month of May/June 2024. 

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    What are the exam dates for RBI Grade B 2024?
    The details regarding the RBI Grade B exam dates 2024 will be given in the notification which is expected to be announced in the month of April/May 2024.  

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    What is the job profile of RBI Grade B Officers?
    The job profile of RBI Grade B officers includes performing functions such as: 

    • Handing the issuance and circulation of currency 
    • Regulating the monetary policies of India 
    • Checking and ensuring the nation’s financial stability 
    • Handling government and central bank accounts. 

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    What are the factors for promotion for a RBI Grade B officer?
    There are various factors that play a key role in granting promotion to RBI Grade B officer.  

    • For certain posts, the candidates must qualify written examinations and Interview rounds to progress to the next level.  
    • Other factors such as seniority, merit, performance of the officer and number of vacancies available are also considered.  

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    What is the career growth of an RBI Grade B officer?
    A RBI Grade B officer is provided with opportunities to get promoted to higher ranks during the service years and make progress in his/ her career in the following order: 

    • Assistant Manager  
    • Manager 
    • Assistant General Manager   
    • Deputy General Manager  
    • General Manager  
    • Chief General Manager  
    • Principal Chief General Manager  
    • Executive Director  
    • Deputy Governor  
    • Governor 

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