RBI Grade B Notification 2024 Out Now, Check Latest Exam Dates & Job Profile

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!  

RBI Grade B Notification 2024

Latest Update: The official notification for RBI Grade B 2024 has been out on 25th July 2024. The link to download the RBI Grade B notification is attached here.

It contains details related to exam dates, vacancies, eligibility and exam pattern for RBI Grade B Phase 1 and Phase 2 

• • RBI Grade B Application: – The online application process for the same has begun on the same date as the release of the notification i.e., on 25th July 2024 and shall end on 16th August 2024 (06:00 PM). 
    
  • RBI Grade B Vacancies: – A total number of 66 vacancies have been announced for General Stream.
    
  • RBI Grade B Phase 1 Exam Date: – The Phase I exam will take place on 08th September 2024.
    
  • RBI Grade B Phase 2 Exam Date: – The Phase II exam is scheduled to be held on 19th October 2024.
  • RBI Grade B newspaper advertisement: – The newspaper advertisement for RBI Grade B 2024 exam has been published on 19th July 2024.

You can check the detailed RBI Grade B syllabus 2024 given as per the latest notification.  

RBI Grade B Exam Dates 2024

Latest Update: The RBI notification 2024 will be out on 25th July 2024. While the Phase I exam will commence on 08th September 2024, and Phase II exam will be held on 19th October 2024.

In the detailed newspaper advertisement that came out on 19th July 2024, the RBI Grade B notification 2024’s release date along with exam dates have been provided.

To give you a comprehensive overview, I have provided the exam dates for RBI Grade B 2024 in the table below.  

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.

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!!