RBI Grade B Salary 2023: In-Hand, Job Profile, Perks & Promotion
March 27, 2023
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About RBI Grade B Phase 1 2023
RBI Grade B Phase 1: The Reserve Bank of India (RBI) is the exam-conducting authority of the RBI Officers Grade B 2023 Phase I exam. The authorities will conduct the exam tentatively in May 2023. Last year, authorities introduced 294 vacancies, which included vacancies for 238 Officers in Grade ‘B’(DR)—General, 31 Officers in Grade ‘B’(DR)—DEPR and 25 Officers in Grade ‘B’(DR)—DSIM. This year, the number is expected to be around 300.
The RBI shall determine candidates’ performance based on three selection rounds: RBI Grade B Phase-I, RBI Grade B Phase-II, and the final round, i.e., the interview. Aspirants must have their hands on all the study material required to score good marks in each round of the selection process (see preparation tips below). Continue reading the article for more details regarding the upcoming RBI Grade B Phase 1 2023 exam events.
RBI Grade B Phase 1 2023 Exam Summary
Candidates can go through the below table to get an overview of the RBI Grade B Phase 1 exam summary:
| Particulars | Details |
|---|---|
| Exam Conducting Body | Reserve Bank of India |
| Exam Name | RBI Grade B 2022 |
| Exam Mode | Online Exam |
| Selection Process | Phase 1 (Objective) Phase 2 (Descriptive) Phase 3 (Interview) |
| Language of Paper | English and Hindi |
| Official website | rbi.org.in |
Embibe Notice Board/Notification
RBI Grade B Phase 1 Latest Updates
Latest updates and news on RBI Grade B Phase 1 2023 exam will be provided here
RBI Grade B Phase 1 Notification
The authorities will soon release the RBI Grade B Phase 1 notification on the official website. Candidates can refer to the previous year’s notification to understand the previous year’s exam requirements.
RBI Grade B Phase 1 Notification
RBI Grade B Phase 1 Important Dates 2023
Refer to the following table to keep track of the upcoming RBI Grade B Phase 1 2023 events:
| Exam Events | Tentative Dates |
|---|---|
| RBI Grade B 2023 Notification Release Date | August 2023 |
| RBI Grade B Application Form Starts | September 2023 |
| RBI Grade B Apply Online Last Date | October 2023 |
| RBI Grade B Admit Card Download Date | October 2023 |
| RBI Grade B 2023 Exam Date (Phase 1) | November 2023 |
| RBI Grade B Result 2023 (Phase 1) | November – December 2023 |
| RBI Grade B Interview 2023 | January 2023 |
| RBI Grade B Final Result 2023 | January – February 2023 |
RBI Grade B Phase 1 2023 Vacancy
The authorities will soon release the RBI Grade B finalised vacancy list on the official website. Candidates can go through the previous year’s data to get an idea of the previous year’s trend:
| Post | GEN / UR | SC | ST | OBC | EWS | Total |
|---|---|---|---|---|---|---|
| Officers in Grade ‘B’(DR)- DSIM | 9 | 5 | 5 | 3 | 1 | 23 |
| Officers in Grade ‘B’(DR)- DEPR | 13 | 5 | 3 | 6 | 2 | 29 |
| Officers in Grade ‘B’(DR)- General | 108 | 49 | 27 | 59 | 27 | 270 |
| Total | 130 | 59 | 35 | 68 | 30 | 332 |
RBI Grade B Phase 1 Salary and Job Profile
The RBI Grade B Officer Salary
The following provides details of the RBI Grade B Salary:
- The RBI Grade B officer salary for the selected candidates will be ₹55,200/-.
- The RBI Grade B officer provides several benefits such as DA, HRA, conveyance allowance, bank loan facility, medical allowance, education allowance, leave fare concession and more.
- At the moment, the initial monthly gross emoluments is INR 1,08,404/-. (approx).
RBI Grade B 2023 Job Profile
The following provides details of the RBI Grade B job profile for the upcoming jobs and responsibilities:
- Candidates undergo a training period of 15 weeks after their selection as Grade B Officer in RBI,
- RBI Grade B probationary period is two years.
- Following the training period, candidates are assigned to various departments within the bank.
To know more details click on the below link:
RBI Grade B 2023 Job Profile and Salary
RBI Grade B Phase 1 Eligibility Criteria 2023
Candidates appearing for RBI Grade B Phase 1 must fulfil the following eligibility requirements to be eligible for the RBI Grade B exam:
Age Criteria
The RBI Grade B exam age limit is between 21 to 30 years.
Education Qualification
Education Qualification for Officers in Grade B (DR) – General
- A minimum of 60% (55 per cent in the case of SC/ST/PwBD) or an equivalent grade in the Bachelor’s degree, as well as the 12th (or Diploma or similar) and 10th Standard exams.
- For a Bachelor’s degree, the minimum qualifying percentage or equivalent grade should be calculated as an average of all semesters/years.
Education Qualification for Officers in Grade B (DR) – DEPR
- A Master’s Degree in Economics/Quantitative Economics/Econometrics/Mathematical Economics/Integrated Economics Course/Finance from a recognised Indian or Foreign University/Institute with a minimum of 55 per cent marks (50 per cent for SC, ST, and PwBD candidates) or an equivalent grade in aggregate of all semesters/ years is required.
- An extra prerequisite would be a doctorate in Economics, research or teaching experience in Economics, or publications in peer-reviewed journals.
To know the complete eligibility requirements click on the below link:
The RBI Grade B Eligibility Criteria
RBI Grade B Phase 1 Application Form 2023
Candidates appearing for the exam must submit the RBI Grade B application form with accurate information to avoid disqualification. Follow the below-mentioned steps to fill out the RBI Grade B online application form 2022 are as under
- 1st Step: Login with the candidate’s registration number and password.
- 2nd Step: Fill up all the required details – personal, educational, and experience details, exam centre, the medium of the exam and more.
- 3rd Step: Upload the scanned images of the required documents.
- 4th Step: Now click on the “Final Submit” button.
- 5th Step: Click on the “Payment” tab to pay the application fee.
- 6th Step: Click on the “Submit” button and save a copy of the same for further reference.
To know the exam fee and other details, click on the below link:
RBI Grade B Application Form
RBI Grade B Phase 1 Exam Centre
The RBI Grade B Examination 2023 will be held at several locations across the country. The following table contains information about the Exam Centers for the RBI Grade B Exam 2023:
Preliminary Exam Centers for RBI Grade B 2023:
| State /UT | RBI Grade B Centre |
|---|---|
| Andaman & Nicobar | Port Blair |
| Arunachal Pradesh | Naharlagun city |
| Assam | Dibrugarh Guwahati Jorhat Silchar Tezpur |
| Bihar | Bhagalpur Darbhanga Muzaffarpur Patna |
| Chandigarh | Chandigarh- Mohali |
| Chhattisgarh | Raipur Bhilai Bilaspur (CG) |
| Daman & Diu | Rajkot |
| Goa | Panaji |
| Gujarat | Ahmedabad Anand Mehsana Gandhi Nagar Rajkot Surat Vadodara |
| Haryana | Ambala Hissar Kurukshetra Karnal |
| Himachal Pradesh | Hamirpur Solan Shimla |
| Jammu & Kashmir | Jammu |
| Ladakh | Leh |
To access the complete list click on the below link:
RBI Grade B Exam Centre
RBI Grade B Phase 1 Exam Pattern
Candidates must be aware of the exam pattern as it provides important details such as the exam duration, marking scheme and more. Go through the below table to know the expected exam pattern:
| Particulars | Details |
|---|---|
| Name of the Exam | RBI Grade B Phase 1 exam |
| Type of Exam | Online ObjectiveTest |
| Sections of the Exam | English Language General AwarenessQuantitative Aptitude Reasoning |
| Total Time | 120 Minutes |
| Maximum Marks | 200 Marks |
To know the marking scheme and other details, click on the below link:
RBI Grade B Phase 1 Exam Pattern
RBI Grade B Phase 1 Syllabus
The RBI Grade B Prelims 2023 will consist of 200 questions providing a total of 200 marks. Each question in Phase I carries 1 mark. The exam paper is divided into 4 sections: English, Quantitative Aptitude, Reasoning, and General Awareness. With a clear knowledge of the syllabus, candidates can create a timetable and follow it religiously. This will help candidates complete their syllabus on time.
Click on the below link to access the syllabus:
RBI Group B Phase 1 Syllabus
RBI Grade B Phase 1 Preparation Tips 2023
Candidates can follow the below-listed tips to improve their preparations:
- Know the Exam Pattern and Syllabus for RBI Grade B
- Study Section-by-Section for RBI Grade B Prelims
- Attempt Mock Tests
- Revision Regularly
- Analyse Past Year Question Papers
To know more details on the preparation tips, click on the below link:
RBI Group B Phase 1 Preparation Tips
RBI Grade B Phase 1 Admit Card 2023
The authorities will release the RBI Grade B Exam admit card on their official website. Applicants must provide their registration number to download the admission cards. RBI Grade B Admit Card will include personal information and exam centre details such as the exam day, slot and time. It is mandatory for candidates to carry their admit cards to the exam centre.
To know the steps to download the admit card, refer to the link given below:
RBI Grade B Phase 1 Admit Card 2023
RBI Grade B Phase 1 Answer Key
RBI releases the provisional answer key and final answer key before the declaration of the result. Candidates can raise objections against the provisional answer key if they are not satisfied by the answers present in it. The authorities will release the final answer key after accepting all the objections. Candidates must note the authorities will not accept any objections/challenges after releasing the final answer key.
Click on the below link to learn the steps to access the answer key.
RBI Group B Phase 1 Answer Key
RBI Grade B Phase 1 Result 2023
The authorities will announce the RBI Grade B Exam results separately for both phases in the form of a PDF on the official website. The results will provide the roll number of qualified candidates. To access the results, candidates must enter their Receipt Number and Date of Birth. Candidates who pass the RBI Grade B Phase I exam will be eligible to take the RBI Grade B Phase II exam. Click on the below link to know the steps to access the results: RBI Group B Phase 1 Results 2023
RBI Grade B Phase 1 Cut-off 2023
The cut-off is the minimum required marks candidates need to secure to qualify for the exam. The authorities will release the RBI Group B Phase 1 2023 cut-off marks after the conclusion of the exams. To get an idea of the cut-off trends, candidates refer to the below listed previous years’ category-wise cut-off marks:
| Section | General Awareness | Reasoning | English Language | Quantitative Aptitude | Total Score |
|---|---|---|---|---|---|
| General | 16 | 12 | 6 | 6 | 66.75 |
| EWS | 16 | 12 | 6 | 6 | 66.75 |
| OBC | 12 | 9 | 4.5 | 4.5 | 63.75 |
| SC | 10.25 | 7.75 | 3.75 | 3.75 | 53.5 |
| ST | 10.25 | 7.75 | 3.75 | 3.75 | 52.75 |
| PwBD (OH / HI / VH /MD) | 10.25 | 7.75 | 3.75 | 3.75 | 52.75 |
To know the expected cut-off marks, click on the below link:
RBI Grade B Phase 1 Cut-off 2023
FAQs on RBI Grade B Phase 1 2023 Exam
The following are the most frequently asked questions on RBI Grade B Phase 1 exam:
Q1. What is the RBI Grade B Exam application fee?
Ans: The application fee for General and OBC applicants is INR 850/-, while the application fee for candidates from other categories is INR 100/-.
Q.2: Is the RBI Grade B Exam subject to negative marking?
Ans: In both the RBI Grade B Preliminary and Main examinations. For each incorrect answer, 0.25 marks will be deducted.
Q.3: What are the RBI Grade B Recruitment Eligibility Criteria for 2022?
Ans: Candidates or applicants must be at least 21 years old and have a Bachelor’s degree or equivalent.
Q.4: Will the RBI Grade B exam be conducted in both English and Hindi?
Ans: Except for the English portion, the RBI Grade B online test is bilingual, with sections available in both English and Hindi.
Q.5: How many RBI Grade B openings have been announced for 2022?
Ans: The total number of openings for RBI Grade B will soon be published by the RBI.
We hope the above article has answered all your doubts and queries. Embibe wishes you good luck and all the best.
Stay tuned to Embibe for the latest updates on RBI Group B Phase 1 2023.
