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RBI Grade B Recruitment 2023: Check Notification & Apply ONLINE for Prestigious Career Opportunities

Discover the RBI Grade B 2023 recruitment process, eligibility criteria, and benefits of joining. Apply now for an exciting and rewarding career with the Reserve Bank of India.
RBI Grade B

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RBI Grade B 2023 - Notification Details

The Reserve Bank of India (RBI) has announced the Grade B 2023 recruitment, offering an excellent opportunity for candidates aspiring to join India’s central banking institution. With a total of 291 vacancies across General, DEPR, and DSIM categories, this recruitment drive presents a prestigious career opportunity for eligible candidates. As an RBI Grade B officer, you will be part of an organization responsible for formulating and implementing monetary policies, ensuring financial stability, and fostering economic growth in the country. Start preparing for the selection process and submit your application before the deadline to be considered for this esteemed position.

RBI Grade B officers play a critical role in shaping the nation’s economy and financial systems, making this recruitment a sought-after opportunity for those looking to make a significant impact. The selection process comprises multiple stages, including preliminary and main examinations, followed by an interview round. Candidates must meet the eligibility criteria, including age limits and educational qualifications, to successfully apply for the RBI Grade B 2023 recruitment. Ensure you carefully review the requirements and gather all necessary documents before submitting your application to avoid any complications during the selection process.

The online application process for the RBI Grade B 2023 recruitment is convenient and user-friendly, allowing candidates to submit their applications with ease. The official RBI website provides all the information and guidelines necessary to complete the application process successfully. Make sure to pay the required application fee and submit the application form within the stipulated deadline to avoid missing out on this unparalleled career opportunity. Keep an eye on the important dates and stay updated on the latest developments related to the RBI Grade B 2023 recruitment.

Notification Details
Organisation Name
Reserve Bank of India (RBI)
Recruitment Exam Name
RBI Grade B Exam 2023
Post Notified
Officer Grade B (Manager)
Recruitment Type
Regular / Permanent
Recruitment Category
Banking Jobs

Salary / Pay Scale Details for RBI Grade B Officer

The RBI Grade B salary and benefits package is one of the most attractive aspects of this prestigious position. Selected officers receive a starting basic pay of ₹ 55,200 per month in the pay scale of ₹ 55,200 – ₹ 99,750, with increments over a 16-year period. In addition to the basic pay, RBI Grade B officers are also entitled to Dearness Allowance, Local Allowance, House Rent Allowance, Family Allowance, and Grade Allowance, as per the rules in force. Currently, the initial monthly gross emoluments amount to approximately ₹ 1,16,914.

If the bank does not provide accommodation, a House Allowance of 15% of the basic pay will be granted. This comprehensive remuneration package, combined with the job stability, respect, and title associated with working for the Reserve Bank of India, makes the RBI Grade B position a highly sought-after opportunity for job seekers.

Perks / Allowances to RBI Grade B Officer

Aside from basic compensation, RBI Grade B officials receive many benefits and allowances that add up to a nice remuneration. Sum of the allowances for RBI Grade B Officer are listed below – 

  • Dearness allowances (DA): RBI Grade B Officers get Dearness Allowance to help offset the impact of inflation. 
  • Grade allowance: After probation, RBI Grade B officers will get a 2250 grade allowance.
  • Conveyance allowance: Conveyance allowance is provided based on a declaration filed. You will receive 150 Liter petrol per month for your conveyance. 
  • Bank loan facility: RBI Grade B officials can receive a housing loan or auto loan as per the bank’s standards.
  • Leave Fare Concession (LFC): The LFC allowance is roughly Rs. 1,00,000. The employee and his dependents can use this once every two years to go anyplace.
  • House rent allowance: HRA is granted when you don’t take the government quarter. RBI Grade B officials get two-bedroom flats. If you are assigned to Mumbai and do not obtain government housing, you will get around 70,000 rupees.
  • Education allowance: Annual educational stipend reimbursements of roughly 4000 rupees per month are also available to RBI Garde B personnel.
  • Briefcase allowance: RBI Grade B personnel are entitled to a 7000 rupee stipend every three years.
  • RBI also provides Sodexo meals.

Benefits of Joining RBI as Grade B Officer

Joining the Reserve Bank of India as a Grade B officer offers numerous benefits that extend beyond the attractive salary package. Officers enjoy job stability, respect, and recognition in their professional and personal lives. The RBI also offers an unparalleled career growth path, with opportunities for promotions, additional responsibilities, and skill development. The work-life balance and supportive work environment further enhance the appeal of this esteemed position. Joining the RBI as a Grade B officer provides a platform to contribute to the nation’s economic growth and financial stability, making it a truly rewarding career choice.

Vacancy Details for RBI Grade B 2023

The Reserve Bank of India (RBI) has announced a total of 291 vacancies for the Grade B 2023 recruitment drive. These vacancies are divided into three categories: General, Department of Economic and Policy Research (DEPR), and Department of Statistics and Information Management (DSIM).

Out of the total 291 vacancies, 222 are for the General Discipline, while 38 and 31 are allotted for the DEPR and DSIM categories, respectively. This widespread distribution of vacancies offers a variety of opportunities for candidates with different educational backgrounds and skill sets, making the RBI Grade B 2023 recruitment an attractive and inclusive employment opportunity.

Post Name
Officer Grade ‘B’ General
Officer Grade ‘B’ DEPR
Officer Grade ‘B’ DSIM

Educational Qualification for RBI Grade B Officers

Candidates applying for the RBI Grade B 2023 recruitment must meet specific educational qualifications to be considered eligible. For the General category, a minimum of a bachelor’s degree with 60% marks (50% for SC/ST/PWD) or an equivalent grade is required. Candidates applying for the DEPR and DSIM positions must hold a master’s degree in a relevant field, such as Economics, Econometrics, Statistics, Mathematical Statistics, or Applied Statistics, with a minimum of 55% marks or an equivalent grade. It is essential to carefully review the educational eligibility criteria before applying to ensure a successful application.

Post wise details of educational qualification / eligibility criteria are provided in the table below – 

Post Name
Educational Qualification
Officer Grade ‘B’ General
Graduation in any discipline /Equivalent technical or professional qualification with minimum 60% marks (50% for SC/ST/PwBD applicants) or Post-Graduation in any discipline / Equivalent technical or professional qualification with minimum 55% marks (pass marks for SC/ST/PwBD applicants) in aggregate of all semesters / years.
Officer Grade ‘B’ DEPR
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 recognized Indian or Foreign University /Institute; OR PGDM/ MBA Finance with a minimum of 55% marks or an equivalent grade in aggregate of all semesters /years from a recognized Indian or Foreign University /Institute; OR Master’s Degree in Economics in any of the sub-categories of economics i.e. agricultural/ business/ developmental/ applied, etc., with a minimum of 55% marks or an equivalent grade in aggregate of all semesters /years from a recognized Indian or Foreign University /Institute.
Officer Grade ‘B’ DSIM
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 (aggregate of all semesters/years) OR Master’s Degree in Mathematics with a minimum of 55% marks or an equivalent grade in aggregate of all semesters/years and a one-year postgraduate diploma in Statistics or related subjects from a reputed Institute OR M. Stat. Degree of Indian Statistical Institute with a minimum of 55% marks (aggregate of all semesters/years) OR 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.

Age Limit for RBI Grade B Officers

The RBI has set an age limit for the RBI Officer (Grade ‘B’) examination. To apply for the RBI Grade B exam in 2023, candidates must be aged between 21 and 30. The highest age restriction for M.Phil. and Ph.D. candidates is 32 and 34 years, respectively.

Candidates from the reserved category would have their upper age relaxed as per the Board’s norms.

Age Relaxation
5 years
3 years
Physically Handicapped
10 years
13 years
15 years

Selection Process for RBI Grade B Officers

The selection process for RBI Grade B 2023 recruitment consists of multiple stages, including a preliminary examination, a main examination, and an interview round. The preliminary examination is a screening test that filters candidates based on their performance in this phase. Successful candidates proceed to the main examination, which evaluates their knowledge and skills in more depth. The final stage is the interview round, where candidates’ suitability for the position is assessed based on their interpersonal skills, professional knowledge, and overall aptitude. Candidates must perform well in each stage of the selection process to secure a position as an RBI Grade B officer.

Application Fees for RBI Grde B Exam

The application fee for the RBI Grade B 2023 recruitment varies based on the candidate’s category. For candidates applying under the UR/OBC category, a non-refundable fee of ₹ 850 + GST is required, while SC/ST/PWD candidates need to pay a reduced fee of ₹ 100 + GST. It is crucial to pay the appropriate application fee as per your category to ensure a successful application submission. The fees can be paid through the online payment mode available on the application website.

Important Dates for RBI Grade B Officers Recruitment Exam 2023

The important dates for the RBI Grade B 2023 recruitment process are essential to keep in mind to ensure a successful application. The notification date is 09.05.2023, with the application process starting on the same day. Candidates must submit their applications by the deadline, which is 09.06.2023 (Now Extended Upto 16.06.2023).

Staying informed about these crucial dates helps ensure that you do not miss any deadlines or opportunities related to the recruitment process. Make sure to mark these dates on your calendar and set reminders to stay organized and prepared. Regularly check the official RBI website for any updates or changes to the important dates, as well as for additional information about the recruitment process, to maximize your chances of securing a position as an RBI Grade B officer.

Date of Notification
Starting Date of Online Application
Last Date of Online Application

(Now Extended Upto 16.06.2023)

Download Official Notification & Apply Online Link for RBI Grade B Exam 2023

Detailed official notification and Online application link for RBI Grade B Exam 2023 are provided below – 

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