RBI Grade B Officer Exam is a very important and popular exam of the country. Without any doubt this is the best banking job of the country. RBI Assistant and RBI Grade Officer are among the very best of banking jobs and in this post, I will tell you in detail about RBI Grade B Officer Exam. After reading this article you will be able to know about most of the important points about this job. In this article I will cover under noted points:
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- What is RBI Grade B Officer Exam?
- Selection Process
- RBI Grade B Officer Exam Pattern
- RBI Grade B Officer Salary and Perks
- Points to Remember – RBI Grade B
- Job Comparison – SBI PO vs RBI Grade B Officer
What is RBI Grade B Officer Exam?
RBI Grade B Exam is conducted by Reserve Bank of India for the recruitment of Officers in Grade ‘B’ (General) – DR, DEPR (Department of Economic & Policy Research) and DSIM (Department of Statistics and Information Management) in Common Seniority Group (CSG).
This is considered to be the most precious banking job because of nice service conditions, attractive salary and perks.
As per the RBI notification a candidate must have attained the age of 21 years and must not have attained the age of 30 as on the cut off date given in the notification. Relaxation in age is as per the government norms.
Minimum Educational qualification required for the Officers in Grade ‘B’ (General) – DR, is a bachelor degree with 60% marks in 10th, 12th and in bachelor degree (50% for reserved categories).
RBI Grade B Officer selection process comprises of three stages which are Phase I, Phase II and Interview. Therefore, it is a three stages selection process. This exam is quite difficult and each stage required through preparation.
RBI Grade B Officer Exam Pattern
Phase I exam for general posts comprises of 4 sections. There are objective type questions from General Awareness, English Language, Quantitative Aptitude and Reasoning. The total marks of the exam are 200 and duration will be 120 minutes. This will be an online test.
Phase II exam comprises two objective papers and one descriptive type paper. These papers are Economic and Social Issues, English (writing skills) and Finance and Management. This exam will be of 300 marks and duration will be 270 minutes.
The last stage will be Interview which will be of 50 marks.
RBI Grade B Officer Salary and Perks
Initial basic salary is Rs. 35150 in the pay scale of Rs. 35150-1750 (9)-50900-EB-1750 (2)-54400-2000 (4)-62400. The Officer is also eligible for Dearness Allowance, Local allowance, House Rent Allowance, Family allowance and Grade Allowance. Initial gross emoluments are approx. Rs. 80000.
There are various perks such as Bank’s accommodation, reimbursement of expenses for maintenance of vehicle for official purpose, newspaper, telephone charges, book grant, allowance for furnishing of residence.
There is medical facility also available for these officers. Other attractions are interest free festival advance, Leave Fare Concession, loans and advances at concessional rates of interest for Housing, Vehicle, Education, Consumer Articles, Personal Computer, etc.
RBI Grade B: Points to Remember
Cut Off: For final selection in this exam candidates need to qualify sectional as well as overall cut off in every phase of RBI Grade B exam.
Phase I: Phase I of the RBI Grade B Exam is qualifying in nature and its marks are not added to decide the final merit list.
Negative Marking: There is provision of negative marking of 1/4th in this exam.
Final Selection: Candidates who qualify both the phases with minimum aggregate cut off marks are shortlisted for the RBI Grade B Interview. The minimum aggregate cut off marks are decided by the RBI Recruitment Board considering the number of vacancies. The Interview of the RBI Grade B exam is of 50 marks.
Tips for preparation: In one of my articles I have explained about preparation of Bank PO which you can see here. Preparation methodology will be very much same however for this exam you have make even harder efforts as this exam is quite tough and you have to work really hard.
Job Comparison – SBI PO vs RBI Grade B Officer
As I have told you that RBI Grade B is best banking job of the country here, I would like to tell you that RBI Grade Officer job is much better than that of SBI PO. Work load is much less than that of SBI PO. Posting are always in good cities and places whereas in SBI PO you can be posted anywhere in the country. Salary and allowances wise RBI Officer job is much better than SBI PO.