RBI Grade B Notification

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Getting a government job is always been a hard nut to crack. But when you have the proper preparation to hit the right strings nothing is impossible. So, guys here is another opportunity coming your way. Reserve Bank Of India has released their latest recruitment notification. We are here to discuss all the necessary information about the RBI Grade B Notification. 

RBI Grade B Notification

The Reserve Bank of India Service Board has asked the eligible young Indians to apply for the various vacancies available in the Group B Officer Grade. To find yourself eligible to apply for the 166 vacant posts you must read further to get the overview of all the required details as in,

  • Category wise Vacancy
  • Eligibility Criteria
  • Application Fees
  • Selection Process and more.

RBI Grade B Notification 2019: Category wise Vacancy

The total number of vacancy in the post of Group B officer is 166. The category wise vacancies are as follows,

Serial No.PostVacancy UnreservedVacancy Reserved For the SC Category CandidatesVacancy Reserved For the ST Category CandidatesVacancy Reserved For the OBC Category CandidatesTotal
01.Officer in Grade 'B'(DR)- General64201033127
02.Officer in Grade 'B'(DR)- DEPR1141622
03.Officer in Grade 'B'(DR)- DSIM1113217
Total86251441166

RBI Grade B Notification 2019: Eligibility Criteria

As told earlier there are certain eligibility criteria the candidates must have to fulfill in the form of,

  • Nationality
  • Age Limits
  • Educational Qualifications

Nationality

You must have to be a citizen of India, or being a subject of Nepal, or Bhutan you will be considered as eligible as well. In other cases,

If a candidate is a Tibetan Refugee who came over to India before 1st January 1962 having an intention of settling in India will be eligible. Along with that, a person migrated from one of the following countries with the same intention of settling down in India,

  • Pakistan
  • Burma
  • Sri Lanka
  • East African Countries of Kenya, Uganda
  • Tanzania
  • Zambia
  • Malawi
  • Zaire
  • Ethiopia
  • Vietnam

All these cases are subject to consideration only if you have a valid certificate issued by the Government of India.

Age Limits

To apply for the vacant posts your minimum age has to be 21 years. The maximum age of the candidates has to be (as on 1st of July 2018) within 30 years. Whereas the maximum age limit for the candidates with an M.Phil or Ph.D. degree is 32 years and 34 years. However, the candidates from the reserved category will get the age relaxation as per the Government Rules.

The maximum age limit for the reserved categories candidates are as follows,

CategoryAge Relaxation
Scheduled Caste/Scheduled Tribe (SC/ST)05 years
Other Backward Classes (OBC Non-Creamy Layer)03 years
Persons with Disabilities (PWD)10 years
Ex-Servicemen (Army personnel)05 years
Persons Domiciled in the state of Jammu & Kashmir during the period of 1-1-1980 to 31-12-198905 years
An ex-employee of banking institutions whose services had to be terminated for the cause of economy or as a result of bank going into liquidation will get maximum age relaxation of up to05 years

A person with Benchmark Disabilities and belong from the SC, ST, or OBC category will get the maximum age relaxation cumulatively.

Educational Qualification

The required educational qualification is different for different posts. Go through the table below to have a grip over the details,

Serial No.PostsEducational Qualification
01.Officer in Grade 'B' (DR) (General)A minimum 60% marks or an equivalent grade in Graduation, 12th and 10th Standard Examination as well.
The minimum marks are 50% in case you belong from the SC, ST or PwBD
02.Officer in Grade 'B' (DR)- DEPREssential-
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.
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
Desirable:
A Doctorate Degree in Economics or research or teaching experience in Economics or publications in standard journals would be considered as an additional qualification.
03.Officer in Grade 'B' (DR)- DSIMA candidate with one of the following degree (Essential) will be regarded as eligible for the vacant posts-

(i) 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 aggregate of all semesters / years; OR

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

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

(iv) 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 aggregate of all semesters/years

Note: The minimum marks are 50% for the candidates from the reserved categories

Desirable Qualification:

(i) Candidates with a Doctorate in topics related to above subjects will get preference.

(ii) Along with that, the Research or teaching experience and publication in standard journals will be regarded as an additional qualification.
RBI Grade B Officer Recruitment

After finding yourself eligible it’s the time to get a grip on the whole selection process and the syllabus from the RBI Grade B Notification 2019. Take a look at New India Assurance Assistant Recruitment to know more about the hiring process.

RBI Grade B Notification 2019: Selection Process

The whole selection process consists of two phases online examination and a personal interview. Both the Phase- I and Phase- II examination will have objective type multiple choice questions. However, the Phase-II examination will have a descriptive type of paper as well.

Phase- I Examination

The Phase- I will consist of 200 objective type multiple choice questions. The candidates will have a composite time of 2 hours to complete the paper. The Phase- I examination will have questions from the following topics,

  • General Awareness
  • Quantitative Aptitude
  • English Language
  • Reasoning

The table below will give you a brief idea of the number of questions from each topic,

Name of Tests(Objective)No. of QuestionsMaximum MarksDuration
English Language3030Composite time of 1 Hour
Quantitative Aptitude 3030
Reasoning Ability6060
General Awareness8080
Total200200

Along with the total cut-off, candidates need to secure the sectional cut-off for the individual subject to get selected for the Phase- II examination.

Phase- II Examination

The Phase- II examination will be of 300 marks. The exam will be conducted in shifts. All the candidates selected for the phase II exam need to appear in all the shifts. The recruitment authority will issue separate admit card for each shift. Take a look at the table to get the whole details.

Name Of PaperType Of PaperTime
(Minutes)
Marks
Paper- I:
Economic and Social Issues
Objective Type90100
Paper II:
English (Writing Skills)
Descriptive, to be typed through Keyboard90100
Paper III: Finance & ManagementObjective Type90100

Syllabus for Phase II Examination,

PaperSubjectsTopics
Paper- IEconomic and social IssuesGrowth and Development – Measurement of growth: National Income and per capita income – Poverty Alleviation and Employment Generation in India – Sustainable Development and Environmental issues. Economic Reforms in India – Industrial and Labour Policy – Monetary and Fiscal Policy – Privatization – Role of Economic Planning. Globalization – Opening up of the Indian Economy – Balance of Payments, Export-Import Policy – International Economic Institutions – IMF and World Bank – WTO – Regional Economic Co-operation. Social Structure in India – Multiculturalism – Demographic Trends – Urbanization and Migration – Gender Issues – Social Justice : Positive Discrimination in favor of the under privileged – Social Movements – Indian Political System – Human Development – Social Sectors in India, Health and Education.
Paper- IIEnglish (Writing Skills)The paper will be designed in a way to asses the English Writing Skill of the candidates
Paper- IIIFinance and Management1. Finance

a. Financial System
Regulators of Banks and Financial Institutions
Reserve Bank of India- functions and conduct of monetary policy, Banking System in India, Financial Institutions – SIDBI, EXIM, NABARD, NHB, etc.

b. Financial Markets
Primary and Secondary Markets (Forex, Money, Bond, Equity,etc.), functions, instruments, recent developments.

c. General Topics
Risk Management in Banking Sector
Basics of Derivatives: Forward, Futures and Swap
Changing Landscape of Banking sector
Recent Developments in the Financial Sector, Portfolio Investment, Public Sector Reforms, Disinvestments
Financial Inclusion- use of technology
Alternate source of finance, private and social cost-benefit, Public-Private Partnership
Corporate Governance in Banking Sector, role of e-governance in addressing the issues of
corruption and inefficiency in the government sector.
The Union Budget – Direct and Indirect taxes; Non-tax sources of Revenue, GST, Thirteenth Finance Commission and GST, Finance Commission, Fiscal Policy, Fiscal Responsibility and Budget Management Act (FRBM),
Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI - components and trends.
Management-
Management: its nature and scope; The Management Processes; Planning, Organisation, Staffing, Directing and Controlling; The Role of a Manager in an Organisation. Leadership: The Tasks of a Leader; Leadership Styles; Leadership Theories; A successful Leader versus an effective Leader. Human Resource Development: Concept of HRD; Goals of HRD; Performance Appraisal – Potential appraisal and development – Feedback and Performance Counselling – Career Planning – Training and Development – Rewards – Employee Welfare. Motivation, Morale and Incentives: Theories of Motivation; How Managers Motivate; Concept of Morale; Factors determining morale; Role of Incentives in Building up Morale. Communication: Steps in the Communication Process; Communication Channels; Oral versus Written Communication; Verbal versus non-verbal Communication; upward, downward and lateral communication; Barriers to Communication, Role of Information Technology. Corporate Governance: Factors affecting Corporate Governance; Mechanisms of Corporate Governance.
RBI Grade B Officer

RBI Grade B Notification 2019: Application Fees

Candidates need to pay a sum of Rupees 850/- as the application fee and intimation charges. However, the candidates from the SC, ST or PWD category need not pay any application fee. The application fee is exempted for them. The SC, ST, and PWD category candidates just need to pay Rs. 100/- as the intimation charge.

Any RBI staff satisfy the eligibility criteria and applying for the post will not have to pay any fees.

Anyway, Folks! We are at the end of this conversation. We have shared all the required details about the RBI Grade B Notification this year. If you want to know further about anything regarding this job you can ask us here through the comment box. Your feedback about this post will be highly appreciated. To stay updated with latest government job news keep a check on SirG.

Wish you a bright future ahead!

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