RBI Grade B Complete Information Guide

About RBI Grade B Position

Build your Nation. Build your career’ – says the notification of RBI Grade B.

Life with RBI is not just another career. It's a commitment. Commitment to serve the Nation, where your decisions make an impact on the way the economy and the financial sector in the country evolves.

As an RBI Grade B officer, you will get to work across diverse range of areas within the organization. Some of the areas include –

· Monetary Authority

The Reserve Bank of India constantly works towards keeping inflation under check and ensuring adequate supply of liquidity for the productive sector as also towards financial stability.

· Supervisor of the Financial System

Prescribes regulations for sound functioning of banks and financial institutions, including non-banking finance companies.

o Promotes best practices in risk management and corporate governance to protect depositors' interest and to enhance public confidence in the financial system of the country

o Encourages use of technology in banks to provide cost-effective service to consumers.

· Issuer of Currency

Ensures good quality coins and currency notes in adequate quantity

o Mops up notes and coins unfit for circulation

o Advises the Government on designing of currency notes with the latest security features.

· Manager of Foreign Exchange

Formulates policies to facilitate external trade and payments, facilitates foreign investments in India and Indian investments abroad and promotes orderly development of foreign exchange markets.

· Banker to the Government

Maintains accounts of central and state governments. Performs merchant banking function for the central and the state governments

o Encourages development and orderly functioning of Government securities market

o Advises central and state governments in better cash management.

· Payment Systems

Work towards establishment of modern, robust, efficient, secure and integrated payment and settlement system for the country.

· Bankers' Bank

Ensures adequate liquidity in the financial system and in individual banks, on a daily basis

o Performs lender of the last resort function.

· Developmental Role

Performs a wide range of functions to support national objectives such as ensuring orderly growth and development of financial markets and institutions, creating institutions to serve specialised financial needs and extending the organised financial sector to all parts of the economy.

· Under Research

Serves as the primary source of information on Indian economy and financial system

o Analyses the issues and problems affecting the Indian economy

o Renders advice for policy formulation and shaping monetary, banking and financial policies

o Prepares the Bank's publications

o Warehouses data to enable decision-making.

If you further wants to know about exact role that you will play as a Grade B Officer, click this link.

RBI Grade B Recruitment

Reserve Bank of India recruit officers for Grade B through a comprehensive selection process involving 3 steps including –

· Phase I Exam – Pre (Computer Based)

· Phase II Exam – Mains (Computer Based)

· Phase III - Interview

Candidates are required to apply ON LINE only through the Bank's website www.rbi.org.in.

No other mode for submission of application is available.

You can find the brief Instructions for filling up the "Online Application Form" through this link.

RBI Grade B Service Conditions

  • Pay Scale:
  1. Selected Candidates will draw a starting basic pay of ₹55,200/-p.m. in the pay scale of ₹55200-2850(9)-80850-EB-2850 (2) - 86550-3300(4)-99750 (16 years) applicable to Officers in Grade B and they will also be eligible for Special Allowance, Grade Allowance, Dearness Allowance, Local Compensatory Allowance, Special Grade Allowance, Learning Allowance, House Rent Allowance as per rules in force from time to time.
  2. At present, initial monthly gross emoluments (without HRA) are Rs. 1,16,914/- (approximately)
  3. The House Rent Allowance of 15% of Basic Pay will be paid, if accommodation is not provided by the Bank.
  4. Note: For candidates possessing very high academic or professional qualification / experience of significant value to the Bank, the Bank may, at its sole discretion, consider granting up to four advance increments.
  5. The Board, at its sole discretion, may consider requests for higher emoluments because of higher qualification/special experience of value to the Bank at the interview stage only.
  6. Such information may be furnished in the Bio-data Form in the appropriate column. The number of increments will be maximum four. The Board/Bank will not entertain any request received after the interview

  • Seniority: Candidates selected from recruitment for the post of Officer in Gr. B (DR) GENERAL stream will join General Cadre and candidates selected from recruitment for the post of Grade B (DR) DEPR/DSIM stream will join DEPR/DSIM Cadre.

  • Perquisites:
  1. Bank's accommodation, subject to availability,
  2. Reimbursement of expenses for maintenance of vehicle for official purpose,
  3. Newspaper, telephone charges, book grant,
  4. Allowance for furnishing of residence, etc. as per eligibility.
  5. Free dispensary facility besides reimbursement of medical expenses for OPD treatment/hospitalization as per eligibility.
  6. Interest free festival advance, Leave Travel Allowance (once in two years for self, spouse and eligible dependents).
  7. Loans and Advances at concessional rates of interest for Housing, Vehicle, Education, Consumer Articles, Personal Computer, etc.
  • Selected candidates will be governed by the 'Defined Contribution New Pension Scheme (NPS) which is mandatory for all employees joining the services of the Bank on or after January 01, 2012', in addition to the benefit of Gratuity.
  • At certain centres, limited number of residential quarters are available. Facility for securing residential accommodation on lease, however, exists at all centres.
  • Initial appointment will be on probation for a period of two years. At Bank's discretion, the probationary period may be extended up to a maximum period of four years.
  • There are reasonable prospects for promotion to higher grades.
  • Selected candidates are liable to be posted and transferred anywhere in India.

Organizational Structure - RBI Grade B

RBI Grade B Eligibility Conditions

  • Age Limit:cA candidate must have attained the age of 21 years and must not have attained the age of 30 years on May 01, 2023 i.e., he/she must have been born not earlier than May 02, 1993 and not later than May 01, 2002.
  • Age Relaxation: The upper age-limit prescribed above will be relaxed:
  • SC/ST – Upto 35 Years of Age
  • OBC – Upto 33 Years of Age
  • Minimum Educational Qualifications :
  • Graduation in any discipline /Equivalent technical or professional qualification with minimum 60% marks (50% for SC/ST/PwBD applicants)


  • 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.
  • Number of Attempts – SIX [General/EWS]; No restriction for SC/ST/OBC/PwBD

RBI Grade B Selection Process

RBI Grade B - General:

As already discussed above that the selection process includes three stages i.e. Phase I, Phase II, and Interview. Let’s look at each of the stages one by one.

Phase I

  • Objective Type & Computer Based Examination
  • Total Marks – 200
  • The paper consists of four subsections-
  • General Awareness
  • English
  • Quantitative Aptitude
  • Reasoning
  • While total time is 120 minutes, separate timing will be allotted for each test. [Sectional Timing]
  • General Awareness – 25 minutes
  • English – 25 minutes
  • Quantitative Aptitude – 25 minutes
  • Reasoning – 45 minutes
  • To get shortlisted for Phase II, candidates have to secure minimum overall cutoff as well as sectional cut off.
  • Selection Ratio is usually – 1:15 i.e. for every seat 15 candidates will be selected for Phase II

Phase II

  • Objective as well as Descriptive Paper
  • Computer Based – Descriptive Answers will have to be typed through Keyboard
  • There will be total three papers of 100 marks each. Details of these papers include
  • I n Phase II also, there is sectional time between different papers and different sub-sections including objective and descriptive.
  • For both Paper I and III, there will be 30 questions and 50 marks for Objective questions (some questions carrying 2 marks each and some carrying 1 mark each).
  • In case of Descriptive questions, 6 questions will be asked, of which candidates will be required to attempt 4 questions (2 of 15 marks each (with difficulty level) and 2 of 10 marks each). In case, candidate answers more than 4 questions in descriptive, first 4 shall be evaluated.
  • Word Limit for Descriptive Answers – 400 words for 10 Marker; 600 words for 15 Marker
  • To get shortlisted for Phase III (Interview Round), candidates have to secure minimum overall aggregate cutoff. [Paper I + Paper II + Paper III]
  • Selection Ratio is usually – 1:3 i.e. For every one seat 3 candidate will be selected for Phase III i.e., Interview Round


  • Interview will be of 75 marks.
  • Candidate shall be required to undergo Personality Assessment conducted by the Bank before appearing for the Interview, no marks will be allotted for the same, and will not form part of the final selection criteria.
  • Candidate may opt for interview either in Hindi or English.

Final Selection

  • Final Selection will be through merit list which will be prepared by adding marks secured by candidates in Phase II examination and interview and grace marks as applicable as per extant rules.

RBI Grade B Syllabus

Phase I Syllabus [Indicative – Based on Previous Year Questions] - General

General Awareness

  • RBI Circulars
  • Schemes of various Ministries
  • Economic News
  • Banking & Financial Awareness
  • National and International News
  • State News
  • Important Days
  • Books & Authors
  • Awards and Recognition
  • Static GK


  • Vocabulary
  • Grammar
  • Sentence Framing
  • Jumbled Words/ Sentences
  • Error Spotting
  • Sentence Rearrangement
  • Reading Comprehension
  • Cloze Test

Quantitative Aptitude

  • Percentage
  • Average
  • Time & Work
  • Ratio & Proportion
  • Quadratic Equations
  • Upstream & Downstream
  • Simple & Compound Interest
  • Profit & Loss
  • Mixture and Allegation
  • Number Series
  • Data Interpretation


  • Ranking
  • Alphanumeric Series
  • Coding-Decoding
  • Input-Output
  • Syllogism
  • Directions
  • Blood Relations
  • Seating Arrangement
  • Puzzles
  • Inequalities
  • Data Sufficiency

Phase I Syllabus [As per RBI Gr B Notification 2023-24] – DEPR/DSIM

Paper I Objective Type (Economics)

  • Microeconomics (Theories of consumer’s demand; Production; Market Structures and Pricing; Distribution; and Welfare Economics)
  • Macro Economics (Theories of Employment, Output and Inflation; Monetary Economics; ISLM Model; Schools of Economic Thought)
  • International Economics (Theories of International Trade; Balance of Payments; Exchange Rate Models)
  • Theories of Economic Growth and Development (Classical neo-classical approaches to economic growth and major theories of economic development)
  • Public Finance (Theories of taxation and public expenditure and Public Debt Management)
  • Environmental Economics (Green GDP, Environmental Valuation, Environmental policy instruments)
  • Quantitative Methods in Economics (Mathematical and Statistical Methods for Economics, Ordinary Least Square Regression)
  • Current developments in Indian Economy (Growth, inflation, poverty, unemployment, financial sector developments, external sector developments, fiscal developments, agriculture, industry, infrastructure, and services)

Phase - I - Paper-II Descriptive Type (on English)

The paper on English shall be framed in a manner to assess the writing skills including expression and understanding of the topic.

Phase II Syllabus [As per RBI Gr B Notification 2023-24] - General

Paper I: Economics & Social Issues

  • Growth and Development
  • Measurement of growth: National Income and per capita income
  • Poverty Alleviation and Employment Generation in India
  • Sustainable Development and Environmental issues.

  • Indian Economy
  • Economic History of India - Changes in Industrial and Labour Policy, Monetary and Fiscal Policy since reforms of 1991
  • Priorities and recommendations of Economic Survey and Union Budget
  • Indian Money and Financial Markets: Linkages with the economy
  • Role of Indian banks and Reserve Bank in the development process
  • Public Finance
  • Political Economy - Industrial Developments in India- Indian Agriculture - Services sector in India.

  • Globalization
  • Opening up of the Indian Economy
  • Balance of Payments, Export-Import Policy
  • International Economic Institutions
  • IMF and World Bank
  • WTO
  • Regional Economic Co-operation; International Economic Issues

  • Social Structure in India
  • Multiculturalism
  • Demographic Trends
  • Urbanisation and Migration
  • Gender Issues
  • Social Justice

Paper II: English Syllabus

The paper on English shall be framed in a manner to assess the writing skills including expression and understanding of the topic. It usually contains questions of

  • Essay Writing
  • Reading Comprehension
  • Precis Writing

Paper III: Finance & Management


  • Financial System
  • Structure and Functions of Financial Institutions
  • Functions of Reserve Bank of India
  • Banking System in India – Structure and Developments, Financial Institutions – SIDBI, EXIM Bank, NABARD, NHB, NaBFID etc.
  • Recent Developments in Global Financial System and its impact on Indian Financial System
  • Role of Information Technology in Banking and Finance
  • Non-Banking System
  • Developments in Digital Payments
  • Financial Markets
  • Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.), functions, instruments, recent developments.
  • General Topics
  • Financial Risk Management
  • Basics of Derivatives
  • Global financial markets and International Banking – broad trends and latest developments
  • Financial Inclusion
  • Alternate source of finance, private and social cost-benefit, Public-Private Partnership
  • Corporate Governance in Banking Sector
  • The Union Budget – Concepts, approach and broad trends
  • Basics of Accounting and Financial Statements - Balance Sheet, Profit and Loss, Cash Flow Statements, Ratio Analysis (such as Debt to Equity, Debtor Days, Creditor Days, Inventory Turnover, Return on Assets, Return on Equity, etc.)
  • Inflation: Definition, trends, estimates, consequences and remedies (control): WPI- CPI – components and trends; striking a balance between inflation and growth through monetary and fiscal policies


  • Fundamentals of Management & Organizational Behaviour:
  • Introduction to management; Evolution of management thought: Scientific, Administrative, Human Relations and Systems approach to management; Management functions and Managerial roles; Nudge theory - Meaning & concept of organizational behaviour;
  • Personality: meaning, factors affecting personality, Big five model of personality; concept of reinforcement; Perception: concept, perceptual errors.
  • Motivation: Concept, importance, Content theories (Maslow’s need theory, Alderfers’ ERG theory, McCllelands’ theory of needs, Herzberg’s two factor theory) & Process theories (Adams equity theory, Vrooms expectancy theory).
  • Leadership: Concept, Theories (Trait, Behavioural, Contingency, Charismatic, Transactional and Transformational Leadership;
  • Emotional Intelligence: Concept, Importance, Dimensions. Analysis of Interpersonal Relationship: Transactional Analysis, Johari Window; Conflict: Concept, Sources, Types, Management of Conflict;
  • Organizational Change: Concept, Kurt Lewin Theory of Change; Organizational Development (OD): Organisational Change, Strategies for Change, Theories of Planned Change (Lewin’s change model, Action research model, Positive model).

  • Ethics at the Workplace and Corporate Governance:
  • Meaning of ethics, why ethical problems occur in business.
  • Theories of ethics: Utilitarianism: weighing social cost and benefits, Rights and duties, Justice and fairness, ethics of care, integrating utility, rights, justice and caring, An alternative to moral principles: virtue ethics, teleological theories, egoism theory, relativism theory, Moral issues in business: Ethics in Compliance, Finance, Human Resources, Marketing, etc.
  • Ethical Principles in Business: introduction, Organization Structure and Ethics, Role of Board of Directors, Best Practices in Ethics Programme, Code of Ethics, Code of Conduct, etc.
  • Corporate Governance: Factors affecting Corporate Governance; Mechanisms of Corporate Governance
  • Communication: Steps in the Communication Process; Communication Channels; Oral versus Written Communication; Verbal versus non-verbal Communication; upward, downward and lateral communication; Barriers to Communication, Role of Information Technology.

Phase II Syllabus [As per RBI Gr B Notification 2023-24] - DEPR/DSIM

Paper - I Descriptive Type (on Economics) (Question paper displayed on computer, answers to be written on paper)

Microeconomic Module

  • Consumer Theory: Cardinal and Marginal Utility Analysis, Consumer Surplus, Indifference Curve Analysis, Price, Income and Substitution Effects, Game Theory
  • Production Theory: Forms of Production function; Laws of Returns to Scale; Partial Equilibrium Vs General Equilibrium Analysis
  • Market Theory: Pricing under different market structures
  • Distribution Theories: Ricardo, Marx, Kalecki and Kaldor
  • Welfare Economics: Pareto Optimality, Schools of Welfare Thought including Arrow, Coase and Sen

Macroeconomic Module

  • National Income Accounting: Various methods for measurement of National Income
  • Theory of employment and Output: Classical and Neo-classical approaches, Keynesian theory of Employment and output, post-Keynesian developments, Business Cycles
  • Inflation: Types of Inflation, Philip's curve, Taylor’s Rule, Lucas Critique
  • Money and Banking: Quantity theory of Money, Neutrality of money, IS - LM Model and AD-AS Models, Money Multiplier, Monetary Policy – Scope, Objectives and instruments, Inflation targeting
  • Theories of Economic Growth and Development: Theories of growth, Classical and neoclassical approaches, Theories of Economic Development
  • International trade and Balance of payments: Theories of international trade, Determination of exchange rates, Impossible Trinity
  • Public Finance: Theories of taxation, Theories of public expenditure, Theories of public debt management

(Equal weightage will be given to Microeconomic and Macroeconomic modules)

Paper-II Descriptive Type (on Economics) (Question paper displayed on computer, answers to be written on paper)

Module on Quantitative Methods in Economics

  • Mathematical Methods in Economics: Differentiation and Integration, Optimisation, Sets, Matrices, Linear algebra and Linear programming
  • Statistical Methods in Economics: Measures of central tendency and dispersions, Probability, Time series, Index numbers.
  • Econometrics and advanced Applications: Regression analysis, Panel data econometrics, Time Series econometrics, Basics of Bayesian Econometrics, Basic application of Artificial Intelligence/ Machine Learning

Module on Indian Economy – Policy and Trends

  • Fiscal policy in India: Evolution, scope and limitations, current trends
  • Monetary Policy in India: Evolution, Functions of the Reserve Bank of India, Monetary-Fiscal coordination, Inflation targeting, Operating framework of Monetary Policy, Current trends
  • Banking and financial sector development in India: Banks and other constituents of Indian financial markets and related developments, Current trends
  • Inflation in India: Trends and drivers
  • External sector developments in India: Exchange rate management, external debt, Balance of payments, Current trends
  • Sectoral and other developments in India: Agriculture, industry, services and social sector-related developments (Equal weightage will be given to Quantitative Economics and Indian Economy-related modules)

RBI Grade B Exam Cycle

[RBI Gr B (General)]

  • Usually, RBI conducts the recruitment drive every year. The notification generally comes around May-April. Then Phase I Exam will happen in June or July. The Phase I result usually comes within 1-2 weeks.
  • Then, Phase II Exam is generally conducted after 20-30 days of Phase I Exam. Results of Phase II exam takes 15-20 days to arrive.
  • Post Phase II result, the shortlisted candidates are asked to fill BIODATA form for the interview round. Also, they have to appear for Psychometric Test. It is a personality-based test with no bearing on marks of the candidate.
  • Consequently, Interviews will be conducted in New Delhi, Mumbai, Chennai, and Kolkata Offices. It continues for 2-3 months.
  • Then the final result usually comes around October. This is the 6-month cycle of RBI Grade B Examination.

Below are the important dates of 2023 and 2022 recruitment Drives –

2023 [Source: RBI Notification]

2022 [Source: RBI Notification]

RBI Grade B Vacancies

RBI has a track record of posting highest number of vacancies amongst other regulatory bodies in India. Below are the details of 2023 and 2022 vacancies.



RBI Grade B Previous Year Questions

Since it is a computer-based question, PYQs are available based on memory of numerous candidates. You can find PYQs in these links – Phase I / Phase II.

Cut Off [RBI Gr B General]

Phase I Cut Off




Phase II Cut Off

2022 [Out of 300 Marks]

2021 [Out of 300 Marks]

Final Cut Off [Including Phase II and Interview Marks i.e., out of 375 Marks]

RBI Grade B Result

2023 Recruitment Cycle

  • RBI Grade B (General) Phase I result came on 18th July 2023 – Check the result for
  • RBI Gr B (General) - Result link
  • RBI Gr B (DEPR/DSIM) – Result Link
  • Phase I Scorecard - General

2022 Recruitment Cycle

  • RBI Grade B (General) Phase I result came on 7th June 2022 – Check the result for
  • RBI Gr B (General) - Result link
  • RBI Gr B (DEPR/DSIM) – Result Link
  • Phase I Scorecard - General

  • RBI Grade B (General) Phase II result came on 11th July 2022 – Check the result for
  • RBI Gr B (General) - Result link
  • RBI Gr B (DEPR/DSIM) – Result Link
  • RBI Grade B (General) Final result came on 21th October 2022 – Check the result here
  • Final Scorecard – General / DEPR / DSIM

To conclude, I hope you could find what you needed with respect to RBI Grade B examination. However, if there is any doubt or confusion, feel free to comment, our team will reach out to you as swiftly as possible. We are here to assist you throughout the whole exam cycle.

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