RBI Grade B 2020 Exam: Reserve Bank of India (RBI) is one of the coveted institution which conducts an open competitive exam annually known as RBI Grade B Exam for the recruitment of officers in Grade ‘B’ (General) – DR, DEPR and DSIM in Common Seniority Group (CSG) for which lakhs of students apply for few seats. The notification will be release in August 2020 based on the past trend. It is one of the toughest exam and hence it is important that you should know atleast the basics related to this exam and we will be covering everything about it in this space from notification to vacancies.
RBI Grade B Notification 2020
The link of RBI Grade B 2020 official notification will be updated once it is released on the official website of RBI. The notification is expected to release in the month of August-September 2020. It is important to read the detailed official notification of RBI exam. We have provided RBI Grade B previous year notification for your reference. Click the link below to download the detailed official notification of RBI grade B of last year.
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RBI Grade B 2020 Official Notification
(Link will be Activated Soon)
RBI Grade B 2020 Exam- Important Dates
Exam dates of the RBI Grade B exam are announced by the recruiting body. The preliminary examination was held on 9th November 2019. The exam dates will be updated once the official notification of RBI Grade B 2020 is released.
|1||Release of online application form||To be updated soon|
|2||Last date to submit online application form||To be updated soon|
|3||The release of Admit card for Phase-I Exam||To be updated soon|
|4||Commencement of Phase-I exam||To be updated soon|
|5||Declaration of the result of Phase-I exam||To be updated soon|
|6||The release of Admit Card for Phase-II Exam||To be updated soon|
|7||Commencement of Phase-II exam||To be updated soon|
|8||Declaration of the result of Phase-II Exam||To be updated soon|
|9||Interview Process||To be updated soon|
|10||Declaration of final result||To be updated soon|
- RBI Grade B: Eligibility Criteria
- RBI Grade B: Vacancies
- RBI Grade B: Admit card for phase-2
- RBI Grade B : FAQs
- Why to choose RBI Grade B Officer as a career
RBI Grade B 2020 Vacancies
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 2019 is 199. Willing students can fill te application form for the preferred post. In the year 2018, the total number of vacancies was 166. Complete details of RBI Grade B 2019 vacancies are given in the table below:
|1.||Officers in Grade ‘B’(DR)- General||156|
|2.||Officers in Grade ‘B’(DR)- DEPR||20|
|3.||Officers in Grade ‘B’(DR)- DSIM||23|
RBI Grade B Eligibility Criteria
Eligibility criteria includes Age limit and Educational Qualification. For RBI Officers (Grade-B) examination, the lower and upper age limits were 21 years and 30 years respectively. Complete Eligibility criteria will be updated once the official notification is released. Certain relaxation is also given based on the certain factor as given below:
|Physically Handicapped||10 years|
|PH + OBC||13 years|
|PH + SC/ST||15 years|
Educational Qualification: A minimum of aggregate 60% marks (50% in case of SC/ST/PWD) 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
Preliminary Examination (200 Marks): The Paper consists tests of
(i) General Awareness
(ii) English Language
(iii) Quantitative Aptitude
(iv) Reasoning, which are to be attempted in a composite time of 120 minutes.
However, separate time will be allotted for each test. Other detailed information regarding the examination will be given in an Information Handout.
|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 Grade B 2020 Syllabus
RBI Grade B Examination has three phases of Online Test for which candidates have to thoroughly study the following subjects:
- Reading Comprehension
- Cloze Test
- Sentence Errors
- Vocabulary based questions
- Sentence Improvement
- Jumbled Paragraph
- Paragraph Based Questions ( Paragraph Fillers, Paragraph Conclusion, Paragraph /Sentences Restatement)
- Seating Arrangements
- Direction Sense
- Blood Relation
- Order and Ranking
- Machine Input-Output
- Alpha-Numeric-Symbol Series
- Data Sufficiency
- Logical Reasoning (Passage Inference, Statement and Assumption, Conclusion, Argument)
- Data Interpretation (Bar Graph, Line Chart, Tabular, Caselet, Radar/Web, Pie Chart)
- Inequalities (Quadratic Equations)
- Number Series
- Approximation and Simplification
- Data Sufficiency
- 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)
- Banking Awareness
- Financial Awareness
- Govt. Schemes and Policies
- Current Affairs
- Static Awareness
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
- Social Justice
- 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 including
expression and understanding of the topic.
Paper-III -Finance and Management:
- Regulators of Banks and Financial Institutions
- RBI and its functions
- Financial Markets
- The Union Budget
- Corporate Governance in Banking Sector
- Financial Inclusion
- 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)
As per the official notification of the RBI, the starting salary of RBI Grade B Salary in hand will be around Rs 35,150/-.
The RBI Grade B Salary is tabulated below:
|RBI Grade B Basic Pay||Rs 35,150/-|
|RBI Grade B Pay Scale||35150 – 1750(9)– 50900-EB-1750(2)-54400-2000(4)-624000|
|RBI Grade B Grade Pay||Not applicable|
|RBI Grade B Salary :NET Salary Including All Allowances||Rs 67,933/-|
That is not it, there are other perks as well like Dearness Allowance, House Rent Allowance, Family Allowance, Telephone Allowance, Conveyance Allowance etc. will also be provided.
RBI Grade B 2020: Application Fees
Based on the previous year exam fee, it is expected to be same this year as well which is a total of Rs. 850/- is the application fee to be paid by candidates belonging to General and OBC category for RBI Grade B 2020 exam while the same amount is reduced to Rs. 100/- for candidates belonging to SC/ST/PWD category.
RBI Grade B Exam Centers for Phase-I Exam
Given below are the exam centres for Phase-I exam of RBI Grade B 2020
|States /UTs||RBI Grade B Exam Centers for Prelims|
|Andaman & Nicobar||Port Blair|
|Andhra Pradesh & Telangana||Guntur, Narasaraopet, Hyderabad, Rangareddy-Kodada, Karimnagar, Warangal, Rajahmundry, Kakinada, Tirupati, Chittoor, Vijaywada, Kanchikacherla, Gudlavalleru, Eluru, Vishakhapatnam, Vizianagaram|
|Arunachal Pradesh||Itanagar, Naharlagun city|
|Assam||Dibrugarh, Guwahati, Jorhat, Silchar|
|Bihar||Bhagalpur, Muzaffarpur, Patna|
|Daman & Diu||Jamnagar|
|Gujarat||Ahmedabad, Gandhi Nagar, Bhavnagar, Jamnagar, Rajkot, Surat, Vadodara|
|Haryana||Hissar, Karnal, Rohtak|
|Himachal Pradesh||Dharamsala, Shimla|
|Jammu & Kashmir||Jammu|
|Jharkhand||Bokaro, Dhanbad, Jamshedpur, Ranchi|
|Karnataka||Belgaum, Bagalkot, Bengaluru, Chikaballapur, Kolar, Tumkur, Gulbarga, Bidar, Hubli, Dharwad, Haliyal, Gadag, Mangalore, Mysore, Mandya, Udipi|
|Kerala||Kannur, Kasargod, Kochi, Alappuzha, Kottayam, Pathanamthitta, Kozhikode, Malappuram, Thrichur, Palakkad, Thiruvananthapuram, Kollam, Nagarcoil|
|Madhya Pradesh||Bhopal, Gwalior, Indore, Jabalpur|
|Maharashtra||Aurangabad, Kolhapur, Mumbai, Navi Mumbai, Thane, Nagpur, Nasik, Pune, Solapur|
|New Delhi||Delhi –NCR|
|Orissa||Balasore, Berhampur (Ganjam), Bhubaneswar, Cuttack, Sambalpur|
|Punjab||Amritsar, Bhatinda, Jalandhar, Ludhiana, Mohali, Patiala|
|Rajasthan||Ajmer, Jaipur, Jodhpur, Kota, Udaipur|
|Sikkim||Gangtok, Bardang City|
|Tamilnadu||Chennai, Vellore, Coimbatore, Erode, Thirupur, Madurai, Virudhunagar, Dindigul Salem, Namakkal, Thiruchirapalli, Perambalur, Pudukottai, Thanjavur, Tirunelvelli, Kanyakumari, Tuticorin|
|Uttar Pradesh||Agra, Allahabad, Bareilly, Gorakhpur, Kanpur, Lucknow, Meerut, Varanasi|
|Uttarakhand||Dehradun, Haldwani, Nainital, Roorkee City|
|West Bengal||Berhampore (WB), Durgapur, Kolkata, Greater Kolkata, Howrah, Hooghly, Kalyani, Siliguri|
RBI Grade B Exam Centers for Phase-II Exam
Given below are the exam centres for phase-II of RBI Grade B
|Name of the Examination Cities|
RBI Grade B 2020 Admit Card
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 Garde B Mains: Exam Analysis
RBI Garde B mains exam will take place on 1st and 2nd December for different post according to official notification. Students who have successfully cleared RBI Grade B prelims exam will be called for the phase-2 round. Exam analysis for the differenr post will be updated here stay tuned on this page for RBI Grade B phase-2 exam analysis. keep on reading thsi article for more details on the exam.
RBI Garde B Exam Analysis
(Link will be activated after the exam)
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 FAQ (Frequently Asked Questions)
Q1. When Will be RBI Grade B Exam 2020 conducted?
Ans: The tentative schedule of the RBI Grade-B exam in June/July 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?
Ans: 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: 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?
Ans 5: 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.
Q6. Is there any sectional cut off in the RBI Grade B Exam?
Ans: Yes, there is sectional cut off in the RBI Grade B exam. The candidates must pass in each of the above Objective tests.
Q7. Is RBI Grade B Officer Job transferable?
Ans: Yes, RBI Grade B Officer Job is transferable.