The RBI Grade B official notification 2020 is expected to release in the month of August/September 2020. Candidates who aspire to become Officers with the apex financial bank of India should start their preparation at the earliest. In this post, we have provided complete information about RBI Grade B recruitment expected in 2020 on the basis of last years’ recruitment process.
The Reserve Bank of India (RBI) conducts an common recruitment exam annually known as RBI Grade B Exam for the recruitment of officers in Grade ‘B’ (General) – (DR) General, (DR) DEPR and (DR) DSIM.
The RBI Grade B official notification is rolled out on the official website of RBI annually. The vacancies of RBI Grade B ranges from 150-200. There were 199 vacancies released in 2019 for RBI Grade B as compared to 166 vacancies in 2018.
RBI Grade B is considered as the most elite exam in Banking & Insurance segment. Candidates selected through RBI Grade B exam get a chance to work with the apex financial institution of the country. RBI Grade B is one of the highest paying Indian Government Job with lucrative facilities & excellent career progression. RBI Grade B official advertisement 2020 is expected to release in the month of September.
RBI Grade B Official Notification 2020:
The link of RBI Grade B 2020 official notification will be updated once it is released on the official website of RBI. We have uploaded RBI Grade B previous year notification for your reference. The detailed official notification of RBI grade B 2019 is given below.
Download RBI Grade B 2020 Official Notification
(Will Be Updated once published on official website)
RBI Grade B Exam Dates 2020
The exact Exam dates of the RBI Grade B will be announced in the official notification of RBI Grade B 2020. The complete schedule will be updated once it is released officially.
The RBI Grade B Phase I 2019 was held on 9th November 2019 followed by RBI Grade B Phase II 2019 on December 2019. The exam dates will be updated once the official notification of RBI Grade B 2020 is released.
RBI Grade B Apply Online 2020
The direct link to apply online for RBI Grade B will be available on the official website of Reserve Bank of India after the official announcement. For your convenience, we will provide the direct link to apply online below.
RBI Grade B 2020 Apply Online: Click Here
(Will Be Updated once published on official website)
RBI Grade B Vacancies 2020
RBI Grade b Vacancies 2020 will be updated once the official notification is released. The number of vacancies for the post of RBI Grade-B last year was 199 as compared to 166 in the year 2018. Complete information of RBI Grade B 2019 vacancies are given in the table below. The vacancies of 2020 will be updated once the official notification is released by the RBI.
RBI Officers Grade B Eligibility Criteria 2020
The basic eligibility criteria in the form of Age limit and Educational Qualification. The lower and upper age limits is 21 years and 30 years respectively. Complete Eligibility criteria will be updated once the official notification 2020 is released.
Educational Qualification: A minimum of 60% marks (50% in case of reserved category) or an equivalent grade in Bachelor’s degree as well as in 12th (or Diploma or equivalent) and 10th standard examinations for Grade ‘B’ (General). Complete details are mentioned in the table below.
|Posts||Minimum Educational Qualifications|
|1. Officers in
Grade ‘B’ (DR)
|A minimum of 60% marks (50% in case of SC/ST/PwBD) or an equivalent grade in Bachelor’s degree as well as in 12th (or Diploma or equivalent) and 10th Standard examinations.
The minimum qualifying percentage or an equivalent grade for the Bachelor’s degree will be in aggregate for all semesters / years.
|2. Officers in
Grade ‘B’ (DR)
a. 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; OR
b. 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
c. 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.
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.
Candidates having M.Phil. Degree and Doctorate Degree from a recognized Indian/Foreign University/Institute in the specified subjects will be eligible for relaxation in the upper age limit by 2 years and 4 years respectively.
d. (i) Candidates having Master’s Degree with Research/Teaching experience at a recognized Indian/Foreign University/ Institute will be eligible for relaxation in upper age limit to the extent of number of years of such experience subject to a maximum of three years. For experience, probationary period will not be reckoned.
(ii) The above age relaxations will not be cumulatively available with age relaxations available to various categories as mentioned in Para 3 II (b) above.
|3. Officers in
(DR) – DSIM
a. 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
b. 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
c. M. Stat. Degree of Indian Statistical Institute with a minimum of 55% marks in aggregate of all semesters / years; OR
d. 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: For SC, ST and PwBD candidates, the minimum marks required in Master’s Degree as in items (a), (b), (c) and (d) above is 50% or an equivalent grade in aggregate of all semesters/ years.
Desirable: (i) Candidates with a Doctorate in topics related to above subjects will be given preference. (ii) Research or teaching experience and publication in standard journals will be considered as an additional qualification.
Note: (i) Candidates possessing M.Phil. and Ph.D qualification in the specified subjects will be eligible for relaxation in upper age limit by 2 years and 4 years respectively.
(ii) Candidates with research / teaching experience at a recognized Indian / Foreign University/Institute will be eligible for relaxation in upper age limit to the extent of
(iii) The above age relaxations will not be cumulatively available with age relaxations available to various categories as mentioned in Para 3 II (b) above.
RBI Grade B 2020 Exam Pattern
RBI Grade B is a three-tier process i.e. Phase 1 exam followed by Phase 2 and Interview. The exam pattern of RBI Grade B 2020 is as follows:
RBI Grade B Phase I Exam:
|Subjects||Number of Questions||Maximum Marks||Duration|
General Knowledge, English Language, Reasoning Ability, Quantitative Aptitude
|Total||200 Questions||200 Marks||120 minutes|
|Name of the Paper||Type of the Paper||Time (Mins)||Marks|
|Paper I Economic & Social Issues||Objective Type||90||100|
|Paper II English (Writing Skills)||Descriptive (to be typed with the help of keyboard)||90||100|
|Paper III Finance & Management||Objective Type||90||100|
Interview (50 marks): Candidates are shortlisted for the personal interview round based on an aggregate of marks obtained in Phase-II (Paper-I +Paper-II +Paper-III). Candidates are given the option to opt for interview either in Hindi or English. Final Selection is done through merit list which is prepared by adding marks secured by candidates in Phase-II examination and interview.
The penalty for Wrong Answers (Applicable to both – Preliminary and Main examination)
There is a penalty for wrong answers marked in the Online Objective Tests. For each wrong answer, one-fourth of the marks assigned to that question is deducted as penalty to arrive at corrected score. No marks are deducted for un-attempted questions.
RBI Officers (Grade-B) 2020 Syllabus
RBI Grade B Examination has three phases of Online Test for which candidates have to thoroughly study the following subjects:
Vocabulary based questions
Paragraph Based Questions ( Paragraph Fillers, Paragraph Conclusion, Paragraph /Sentences Restatement)
Order and Ranking
Logical Reasoning (Passage Inference, Statement and Assumption, Conclusion, Argument)
Data Interpretation (Bar Graph, Line Chart, Tabular, Caselet, Radar/Web, Pie Chart)
Inequalities (Quadratic Equations)
Approximation and Simplification
Miscellaneous Arithmetic Problems (HCF and LCM, Profit and Loss, SI & CI, Problem on Ages, Work and Time, Speed Distance and Time, Probability, Mensuration, Permutation and Combination, Average, Ratio and Proportion, Partnership, Problems on Boats and Stream, Problems on Trains, Mixture and Allegation, Pipes and Cisterns)
Govt. Schemes and Policies
Paper-I – Economic and social Issues:
Growth and Development
National Income and per capita income
Economic Reforms in India
Monetary and Fiscal Policy
Balance of Payments
IMF and World Bank, WTO
Social Structure in India
Indian Political System
Health and Education
Paper-II -English (Writing Skills):
The paper on English shall be framed in a manner to assess the writing skills includingexpression and understanding of the topic.
Paper-III -Finance and Management:
Regulators of Banks and Financial Institutions
RBI and its functions
The Union Budget
Corporate Governance in Banking Sector
Risk Management in Banking Sector
Basics of Derivatives: Forward, Futures, and Swap
Changing Landscape of Banking sector
An alternate source of finance
Public-Private Partnership (PPP)
RBI Officers (Grade-B) Previous Year’s Cut Off
RBI Grade-B Phase-I 2018 Exam:
RBI Grade B Phase-I 2017 Exam:
|SECTION WISE CUTOFF MARKS FOR PHASE – I|
RBI Grade B Main Final 2017
|CUT-OFF MARKS DECIDED BY THE BOARD AT VARIOUS STAGE OF THE RECRUITMENT PROCESS|
|Aggregate Cut-Off Marks in paper-I, paper- II And Paper-III taken together in written examination for shortlisting the candidate for interviewer (Out of total 300 marks)||196.75||181.75||175.75||175.75|
|Aggregate marks of written examination and interview taken together (out of total 350 marks) obtained by the respective category with reference to the no. of vacancies notified under each category||245.50||228.00||220.25||211.25|
RBI Grade B Result 2020:
RBI Grade B Result 2020 will be updated for all the stages i.e. Prelims, Mains followed by Interview once it is released on the official website of Reserve Bank of India (RBI).
RBI Grade B 2019 Exam Analysis: Check Here
RBI Grade B Phase I 2019 detailed Exam analysis & review of both the shifts has been updated by ADDA247. Click on the link below to check detailed analysis.
RBI Grade B 2020 Frequently Asked Questions
Q1. When Will be RBI Grade B Exam 2020 conducted?
Answer: The tentative schedule of the RBI Grade-B exam in August/September 2020.
Q2. What is the salary given to an RBI Grade B Officer?
Answer: Initial monthly Gross emoluments are approximately Rs. 77,208 (approx.) per month. Selected Candidates for RBI Grade-B Officers will draw a starting basic pay of Rs. 35,150 per month.
Q3. What are the best books for the RBI Grade B exam 2020?
Answer: ADDA247 provides the best books that you can refer to while preparing for RBI Grade-B. Here is the list of the books that you can refer to while preparing for this examination:
1. ACE Quant
2. ACE Reasoning
3. ACE English
4. Book on Puzzles & Seating Arrangement
5. Book on Data Interpretation & Analysis
6. Descriptive Writing Book
7. 50+ Previous Years’ Memory Based Papers Book
8. Economic & Social Issue eBook
9. Management & Finance eBook
10. Descriptive English eBook
11. Union Budget & Economic survey
Q4. What is the Eligibility Criteria for RBI Grade B Exam 2020?
Answer: Educational Qualification: A minimum of 60% marks (50% in case of SC/ST/PwBD) or an equivalent grade in Bachelor’s degree as well as in 12th (or Diploma or equivalent) and 10th Standard examinations.
Age Limit: Candidates must be at least 21 years of age and not more than 30 years of age.
Q5. Is there any negative marking in the RBI Grade B exam?
Answer: Yes, there is negative marking in the RBI Grade B exam. For every wrong answer marked by candidates, 1/4th of the marks assigned to that question will be deducted as penalty.