RBI Grade B Officers Recruitment 2018: All You Need To know

RBI Grade B is one of the most coveted job opportunity available in the banking sector. The government recruits eligible candidates as Officers in the Reserve Bank of India through this exam. Every year thousands of students appear for this examination willing to join RBI in a reputed job profile with an excellent salary package.

The Reserve Bank of India (RBI) has finally released its notification for the recruitment of Grade B Officers today. The registration for this recruitment has started from today and will continue till 23rd July 2018. The RBI Grade B officers recruitment will be held for three posts – Officers in Gr B (DR) General, Officers in Gr B (DR) DEPR and Officers in Gr B (DR) DSIM.

RBI Grade B Officers Recruitment 2018: Important dates

RBI Grade B Officers Recruitment 2018: Vacancies

Post	General	SC	ST	OBC	Total
Officers in Gr B (DR) General	64 (includes 5 vacancies for PwBD)	20	10	33	127
Officers in Gr B (DR) DEPR	11	4	1	6	22 (Includes 1 vacancy for PwBD)
Officers in Gr B (DR) DSIM	11	1	3 (includes 2 backlog vacancies)	2	17
Total	86	25	14	41	166

RBI Grade B Officers Recruitment 2018: Pay Scale

Basic Pay: Rs. 35,150/- p.m.

Pay scale: Rs.35150-1750 (9)-50900-EB-1750 (2)-54400-2000 (4)-62400

Other benefits: Dearness Allowance, Local allowance, House Rent Allowance, Family Allowance and Grade Allowance

RBI Grade B Officers Recruitment 2018: Eligibility Criteria

1. Nationality: The candidates who wish to apply for this exam must be either-

A citizen of India
A subject of Nepal or Bhutan
Tibetan Refugees who came to India before 1st January 1962 with the intention of permanent settlement
Person of Indian Origin (PIO) who has migrated from Burma, Pakistan, Sri Lanka, Vietnam or East African countries of Zaire, Kenya, Tanzania, Uganda, Zambia, Ethiopia, Malawi, with the intention of permanent settlement in India.

Note: Candidates belonging to the category 2, 3, 4 must have a certificate of eligibility issued by the Govt of India in their favor.

2. Age Limits:

The minimum age limit to apply for this exam is 21 years, whereas the upper age limit is 30 years. For candidates with M.Phil. Degree, the upper age limit is 32 years and for candidates holding Ph.D. Degree, it is 34 years.

Age Relaxation:

For SC/ST – 5years

For OBC –3 years

For Ex-Servicemen / Ex-Employee of Banking Institutions –5 years

3. Minimum Educational Qualification:

For Officers in Gr B (DR) General: Bachelor’s degree with a minimum of 60% marks (50% for SC/ST/PwBD) or an equivalent grade along with 60% marks or equivalent in 12th and 10th standard. The minimum percentage is the total of all the marks obtained in all the semesters.

For Officers in Gr B (DR) DEPR: A Master’s Degree in Economics / Econometrics / Quantitative Economics / Mathematical Economics / Integrated Economics Course/ Finance with a minimum 55% marks (50% for SC/ST/PwBD). The minimum percentage is the total of all the marks obtained in all the semesters.

Candidates having Master’s Degree along with Research/Teaching experience at a recognized Indian/Foreign University/Institute will be eligible for upper age limit relaxation up to a maximum of three years.

For Officers in Gr B (DR) DSIM:

(a) A 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 in the aggregate of all the semesters; OR

(b) Master’s Degree in Mathematics with a minimum of 55% marks or an equivalent grade in the aggregate of all semesters/years and one year post graduate diploma in Statistics or related subjects from a reputed institute; OR

(c) M. Stat. Degree of Indian Statistical Institute with a minimum of 55% marks in the aggregate of all semesters/years; OR

(d) 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 the aggregate of all semesters/years.

Candidates having Master’s Degree along with Research/Teaching experience at a recognized Indian/Foreign University/ Institute will be eligible for upper age limit relaxation up to a maximum of three years.

RBI Grade B Officers Recruitment 2018: Application Fees

For General/OBC: Rs. 850/- (including intimation charges)

For SC/ST/PWD: Rs. 100/- (Intimation charges only)

RBI Grade B Officers Recruitment 2018: How to apply?

1. For the application form, click on the below links-

For Officers in Gr B (DR) General: http://ibps.sifyitest.com/rbigrbjjun18/

For Officers in Gr B (DR) DEPR/DSIM- http://ibps.sifyitest.com/rbispldjun18/

2. Click on New Registrations

3. Register yourself and Save the Registration ID and Password created for further use.

4. Log In with your Registration ID and Password.

5. Fill up the form with your relevant details.

6. Upload your Photograph & Signature in the prescribed size.

7. Then proceed to Payment of Fees.

8. Submit your form

RBI Grade B Officers Recruitment 2018: Exam Pattern

The RBI Grade B Officers exam is conducted in three phases- Prelims, Mains and Interview.

Prelims Exam-This exam is conducted through online mode and the candidates are given a total duration of 2 hours to complete the exam.

S. No.	Subjects	No. of questions	Marks
1	Quantitative Aptitude	30	30
2	English Language	30	30
3	Reasoning	60	60
4	General Awareness	80	80
	Total	200	200

Mains Exam-This exam is conducted through online mode and the candidates are given 90 minutes for each section to complete.

S. No.	Subjects	Paper type	Marks	Time allotted
1	Economics and Social Issues	Objective	100	90 minutes
2	Paper II English (Writing Skills)	Descriptive (to be typed with the help of keyboard)	100	90 minutes
3	Paper III Finance & Management	Objective	100	90 minutes

RBI Grade B Officers Recruitment 2018: Syllabus

Prelims Exam

Reasoning: Logical Reasoning, Alphanumeric series, ranking/direction/ alphabet, data sufficiency, Coded Inequalities, Seating Arrangement, Puzzle, Tabulation, Syllogism, blood relations, input-output, coding and decoding, etc.

Quantitive Aptitude: Simplification, profit & loss, percentage, time & work, mixture and allegations, simple interest and compound interest, time & distance, mensuration, data interpretation, ratio & proportion, number system, sequence and series, permutation & Combination, etc.

English Language: Reading comprehension, spotting errors, cloze test, para jumbles, fill in the blanks, paragraph completion, etc.

General Awareness: Current Affairs, Indian Financial Systems, Indian Banking Systems, Monetary Plans, National Institutions and Banking Terms.

Mains Exam

Economic & Social Issues: Growth and Development, Measurement of growth: National Income and per capita income, Poverty Alleviation and Employment Generation in India, Sustainable Development and Environmental issues, Industrial and Labour Policy, Monetary and Fiscal Policy, Privatization, Balance of Payments, Export-Import Policy, – International Economic Institutions , Gender Issues, Social Justice : Positive Discrimination in favor of the underprivileged, Urbanization and Migration, Gender Issues, Health and Education, Economic Reforms in India, Globalization, and Social Structure in India

Finance: Financial System, Financial Markets, Risk Management, Basics of Derivatives, Development in Financial Sector, Union Budget, and Inflation.

Management: Role of Manager, Human Resource Development, Motivation, Morale and Incentives, Communication, and Corporate Governance.

RBI Grade B Officers Recruitment 2018: Exam Preparation

It is very important for the candidates to go through the latest exam pattern and pay attention to the changes made in the syllabus for this exam. Solving mock tests and previous year question papers will be very beneficial to score well in this exam.

RBI Grade B Officers Recruitment 2018: Study Reference Material

For Prelims exam:

1. Quantitative Aptitude- Quantitative Aptitude for Competitive Examinations by R.S. Agarwal, Fast Track Objective Arithmetic by Rajesh Verma and How to Prepare for Quantitative Aptitude for CAT by Arun Sharma

2. English Language- Objective General English by S.P. Bakshi, High School Grammar and Composition by Wren and Martin, and Word Power Made Simple by Norman Lewis

3. Logical Reasoning – Verbal and Non-Verbal Reasoning by R.S. Aggarwal, Analytical Reasoning by M. K. Pandey, and Magical Book on Puzzles by K. Kundan.

4. Banking Awareness- Banking Awareness by Arihant Experts and Banking Awareness for SBI & IBPS Bank Clerk/PO/RRB/RBI Exams by Disha Experts

For Main Exams

1. Economic and Social Issues

Books: Indian Economy by Uma Kapila(Series of Books); Indian Economy: Mishra Puri. (Latest Edition); Growth And Development: Devraj Ray; Sociology: C.N. Shankar Rao

Weekly/Monthly Magazines/Bulletins /Reports: Economic and Political Weekly; Southern Economist; Yojana; Business India; RBI Bulletins

News Papers: Economic Times, Hindu and Business Standard

Reports: World Development Report and Economic Survey of India

2.  Finance and Management

a. An introduction to Economics – A W Stonier and D C Hauge

b. Monetary Theory and Public Policy – Kenneth Kurihara

c. Indian Economy – Mishra and Puri

d. Indian Economy – R. Dutt and KPM Sundaram

e. Economic Growth and Development – Mayer and Baldwin

f. Major economic newspapers and Economic and Political Weekly

g. Public Finance – K K Andley and Sundaram

h. Financial Management – Prasanna Chandra

i. Financial Management: Author- I M Pandey

j. Principles of Management : P C Tripathi and P N Reddy

All the best!