RBI Grade B 2019 Frequently Asked Questions

As you all know that Reserve Bank of India (RBI) has released the official notification of RBI Grade B 2019. This is a golden opportunity for those job aspirants who want to work with the apex financial institution of our nation. RBI Grade B Notification has been released for 199 posts. Candidates can apply online for rbi grade b once the link is activated. The online application link of RBI Grade B 2019 will be activated from 21st September 2019. Candidates must apply before 11th October 2019. Candidates must be looking for lots of information like rbi grade b vacancies, salary, how to fill online form and others. Hence we have prepared a FAQs to clear the doubts for rbi grade b exam.

RBI Grade B 2019: Frequently Asked Questions (FAQs)

Here are the answers to frequently asked questions (FAQs) about RBI Grade B Notification 2019.

☛ What are the posts available in this recruitment project?
The post which will be available in this recruitment project are:

  • Officers in Grade ‘B’ (General) – DR
  • Officers in Gr B (DR) DEPR
  • Officers in Gr B (DR) DSIM

☛ When is the last day to apply for RBI Grade B 2019?
The last day to apply for RBI Grade B 2019 is 11th October 2019.

☛ When will the exam be conducted?
Commencement of Phase-I exam – 9th November 2019
Commencement of Phase-II exam – 1st – 2nd December 2019

 How many vacancies will be there?
The number of vacancies are more than 199.

  • Officers in Grade ‘B’ (General) – DR – 156
  • Officers in Gr B (DR) DEPR – 20
  • Officers in Gr B (DR) DSIM – 23

What is the selection procedures of RBI Grade-B Recruitment 2019?

The selection for Officers will be done through a three tier process:
Preliminary Examination
Main Examination
Personal Interview

Final Selection-
The marks obtained in the Preliminary Examination (Phase-I) will not be added for preparing the final merit list for selection. Only the marks obtained in Main Examination (Phase-II), both in Objective Test and Descriptive Test, will be added to the marks obtained in Interview (Phase-III) for preparing the final merit list. The candidates will have to qualify both in Phase-II and Phase-III separately.

☛ What is the number of chances in RBI Grade-B Recruitment 2019?
Candidates belonging to unreserved i.e. General Category, who have already appeared Six times for Phase-I Examination for this post in the past, are not eligible to apply. No such restriction applies to candidates belonging to SC/ST/OBC/PwBD, if the posts are reserved for them.

☛ Will there be an interview after the written result?
Yes, There is Phase-III, the interview round after the Mains or Phase-II online exam.

 Will the exam conducted online or offline (OMR Based)?
Common Written Exam for RBI Grade-B Recruitment will be conducted online (Both Phase-I and Phase-II).

☛ What is the age criteria to apply in this common written exam?
A candidate must have attained the age of 21 years and must not have attained the age of 30 years on the 1st September 2019 i.e., he/she must have been born not earlier than 2nd September 1989 and not later than 1st September 1998. For candidates possessing M.Phil. and Ph.D. qualification, upper age limit will be 32 and 34 years respectively.

☛ What is the educational qualification required for in this recruitment process?

Posts Minimum Educational Qualifications (as on 01-09-2019):
1. Officers in
Grade ‘B’ (DR)
– (General)
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)
– DEPR
Essential:
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 recognised 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 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.

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
Grade ‘B’
(DR) – DSIM
Essential:
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
number of years of such experience subject to a maximum of three years. For experience, probationary period will not be reckoned.

(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.

☛ What is the Application Fee?
For SC/ST/PWD Rs. 100/- (Intimation Charges only)
For General, OBC Rs. 850/- (App. Fee including intimation charges)

 I have scored 55% in Graduation. Am I eligible to sit for the exam for the post of  Officers in Grade ‘B’ (General) – 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.

☛ I am 20 years old. Can I sit for the exam?
No, You have to wait another year in order to appear for the exam. You must be at least 21 years of age and not more than 30 years of age as on as on 1st September 2019.

☛ How to calculate the Percentage?
Some Universities/Institutes/Boards do not award Class or percentage of marks and allot Aggregate Grade Points (e.g. CGPA/OGPA/CPI, etc.). In case University/Institute/Board defines criteria for conversion of Aggregate Grade Point into percentage of marks, the same will be accepted. However, where the University/Institute/ Board does not define criteria for conversion of Aggregate Grade Point into percentage of marks, in the degree/passing certificates, the undefined parameter(s) would be worked out as under:

Equivalent CGPA/OGPA/CPI or similar terminologies allotted on a 10 point scale

Equivalent CGPA/OGPA/CPI or similar terminologies allotted on a 10-point scale Aggregate Percentage of
Marks
6.75 60%
6.25 55%
5.75 50%


Note:
Aggregate Grade Point or percentage of marks where awarded would mean aggregate over the entire duration of the course.

Note: Where the Aggregate Grade Point (CGPA/OGPA/CPI, etc.) is awarded out of a number other than 10, it will be normalized out of 10 and computed as per note 2 above.

☛ What is the Structure of the exam?
Phase  I: Preliminary Exam

This will comprise a single Paper for 200 marks. The Paper will consist tests of:

i. General Awareness
ii. English Language
iii. Quantitative Aptitude and;
iv. Reasoning

Candidates have to secure minimum marks separately for each test as well as in aggregate to sail through the exam.

Phase II: Mains Exam

Name of Paper Type of Paper Time (Minutes) Marks
Paper-I:
Economic and Social Issues
Objective Type 90 100
Paper II:
English (Writing Skills)
Descriptive, to be typed with the help of the keyboard 90 100
Paper-III:
Finance and Management
Objective Type 90 100

 

Phase III: Interview
Candidates will be shortlisted for the interview, based on aggregate of marks obtained in Phase-II (Paper-I +Paper-II +Paper-III). The minimum aggregate cut off marks for being shortlisted for Interview will be decided by the Board in relation to the number of vacancies.

☛ Is there a sectional cut-off in the exam?
Yes, candidates have to secure minimum marks separately for each test as well as in aggregate.

☛ What is the pay scale and approximate monthly salary?
Selected Candidates will draw a starting basic pay of Rs 35,150/- p.m. in the scale of Rs. 35150-1750 (9)-50900-EB-1750 (2)-54400-2000 (4)-62400 applicable to Officers in Grade B and they will also be eligible for Dearness Allowance, Local allowance, House Rent Allowance, Family allowance and Grade Allowance as per rules in force from time to time. At present, initial monthly Gross emoluments are approximately Rs. 77,208/-(approx.)