RBI Grade B Recruitment 2023 | RBI Grade B Govt Vacancy Notification 2023

RBI Grade B Recruitment 2023 | RBI Grade B Govt Vacancy Notification 2023

About Post: The Reserve Bank of India (RBI) has issued an invitation to interested candidates to submit their online application forms for the Grade B post. Candidates who have fulfilled all the eligibility criteria can apply by filling out the online application form. It is advised that applicants carefully read the complete notification before proceeding with the online application. This is a great opportunity to apply for the RBI Vacancy in 2023.

 

Important Dates

The following are the important dates for the RBI Grade B post-application:

• Application Start: May 9, 2023
• Last Date to Apply Online: June 16, 2023
• Last Date for Fee Payment: June 16, 2023
• Admit Card: To be announced soon
• Phase I Exam Date: July 2023
• Phase II Exam Date: July, August, September 2023

 

Application Fees

Candidates are required to pay the application fee as follows:

• General/OBC/EWS: Rs. 850/-
• SC/ST: Rs. 100/-

The examination fee can be paid online using Debit Card, Credit Card, or Net Banking mode.

 

Vacancy Details

There are a total of 291 posts available for the RBI Grade B recruitment. The distribution of posts across different categories is as follows:

Officers Grade 'B' (DR) - General:

• General Category: 109 posts

• Eligibility: Candidates must have a Bachelor's degree in any stream from a recognized university. The age requirement is between 21 and 30 years as of May 1, 2023, with additional age relaxations as per the rules.

• OBC Category: 49 posts

• EWS Category: 22 posts

• SC Category: 25 posts

• ST Category: 17 posts

• Total: 222 posts

 

Officers Grade 'B' (DR) - DEPR:

• General Category: 14 posts

• Eligibility: Candidates must have a Master's degree in Economics, Econometrics, Quantitative Economics, Mathematical Economics, Integrated Economics Course, or Finance with a minimum of 55% marks (50% for SC/ST/PWD). The age requirement is between 21 and 30 years as of May 1, 2023, with additional age relaxations as per the rules.

• OBC Category: 11 posts

• EWS Category: 03 posts

• SC Category: 04 posts

• ST Category: 06 posts

• Total: 38 posts

 

Officers Grade 'B' (DR) - DSIM:

• General Category: 09 posts

• Eligibility: Candidates must have a Master's degree in Statistics, Mathematical Statistics, Mathematical Economics, Econometrics, or Statistics & Informatics. The age requirement is between 21 and 30 years as of May 1, 2023, with additional age relaxations as per the rules.

• OBC Category: 06 posts

• EWS Category: 03 posts

• SC Category: 08 posts

• ST Category: 05 posts

• Total: 31 posts

For more details, candidates are advised to read the full notification.

 

Apply Online					Click Here
Download Notification					Click Here
Official Website					Click Here

 

What is RBI?

RBI stands for the Reserve Bank of India. It is the central banking institution of India and is responsible for overseeing the country's monetary policy, regulating and supervising the banking sector, and maintaining the stability and integrity of the Indian financial system. The Reserve Bank of India was established on April 1, 1935, in accordance with the Reserve Bank of India Act, 1934. Its main objectives include controlling inflation, maintaining price stability, and promoting economic growth.

The RBI acts as the banker to the Government of India and to the banking system. It issues and manages the Indian rupee, formulates and implements monetary policies, manages foreign exchange reserves, and acts as a lender of last resort to banks during financial crises. The RBI also plays a crucial role in regulating and supervising commercial banks, cooperative banks, and non-banking financial institutions in the country.

The central bank of India is headed by a Governor who is appointed by the Government of India. The RBI's headquarters is located in Mumbai, Maharashtra.

 

What is RBI Grade B?

RBI Grade B is a competitive examination conducted by the Reserve Bank of India (RBI) to recruit officers for various positions in its organization. It is one of the prestigious exams in the banking sector of India. The RBI Grade B officers are appointed as managers and supervisors in different departments of the RBI, such as General, Economic and Policy Research, Information Technology, and Legal.

The recruitment process for RBI Grade B officers consists of three phases:

1. Phase-I: Preliminary Examination - This phase is an objective-type test that assesses candidates' knowledge in subjects like English language, quantitative aptitude, reasoning ability, and general awareness.

2. Phase-II: Main Examination - This phase includes both objective and descriptive tests. The objective tests cover subjects such as Economic and Social Issues, Finance and Management, and English (writing skills). The descriptive tests require candidates to write essays, précis, and letter/paragraphs.

3. Phase-III: Interview - Candidates who qualify in the main examination are called for an interview. The interview assesses the candidate's overall personality, communication skills, and knowledge in their chosen field.

Upon successful completion of these three phases, candidates are selected for the RBI Grade B officer positions. RBI Grade B officers have opportunities to work in various departments, contribute to policymaking, and play a crucial role in the Indian financial system.

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