03 Apr, 2023
The Reserve Bank of India (RBI) is the country's central bank and is responsible for regulating and supervising the banking sector in India. Every year, the RBI conducts the Grade B examination to recruit officers for various positions in the bank.
The RBI Grade B 2023 notification has been released, and this article will provide you with all the essential details you need to know about the examination, including exam dates, vacancies, and more.
The official notification for RBI Grade B 2023 is yet to be released by the Reserve Bank of India. However, based on the trends of the previous years, the tentative schedule of important dates is as follows:
It is important to note that these dates are tentative and subject to change. Candidates are advised to keep a close eye on the official website of RBI for the latest updates and announcements regarding the RBI Grade B 2023 exam.
The exact notification date for RBI Grade B 2023 exam is not yet announced by the Reserve Bank of India. However, based on the trends of previous years, it is expected that the notification for the RBI Grade B 2023 exam will be released in April 2023.
Candidates who are interested in appearing for the RBI Grade B 2023 exam are advised to keep a close eye on the official website of RBI for the latest updates and announcements regarding the exam. The notification will contain all the important details like eligibility criteria, exam pattern, syllabus, important dates, and instructions on how to apply for the exam.
Once the notification is released, candidates will be able to apply for the RBI Grade B 2023 exam online by filling up the application form and submitting it before the last date mentioned in the notification.
It is important to note that only eligible candidates should apply for the exam, and their applications will be rejected if they do not meet the eligibility criteria mentioned in the notification.
The eligibility criteria for the RBI Grade B 2023 exam are as follows:
Nationality: The candidate must be a citizen of India, a subject of Nepal, a subject of Bhutan, or a Tibetan refugee who came over to India before January 1, 1962, with the intention of permanently settling in India.
Age Limit: The candidate must be between 21 and 30 years of age as of January 1, 2023. The relaxation in the age limit for reserved categories will be as per the government norms.
Educational Qualification: The candidate must have a bachelor's degree with a minimum of 60% marks (50% for SC/ST/PwBD) or an equivalent grade in aggregate of all semesters/years. Candidates who are in the final year of their bachelor's degree are also eligible to apply, provided they submit proof of passing the examination by August 31, 2023.
For the post of Officers in RBI Grade B (DEPR): The candidate must have a Master's degree in Economics/ Econometrics/ Quantitative Economics/ Mathematical Economics/ Integrated Economics Course/ Finance, with a minimum of 55% marks (50% for SC/ST/PwBD) or an equivalent grade in aggregate of all semesters/years.
For the post of Officers in RBI Grade B (DSIM): The candidate must have 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 (50% for SC/ST/PwBD) or an equivalent grade in aggregate of all semesters/years.
Work Experience: There is no work experience required for the RBI Grade B 2023 exam.
It is important for candidates to ensure that they meet all the eligibility criteria mentioned above before applying for the RBI Grade B exam. Candidates who do not meet the eligibility criteria will not be considered for the exam, and their applications will be rejected.
The RBI Grade B 2023 notification has not been released yet, so the exact number of vacancies is not known at this time. However, based on previous years' trends, it is expected that there will be around 322 vacancies for the RBI Grade B Officer post.
The number of vacancies is subject to change and depends on various factors like the retirement of existing officers, expansion plans of the RBI, and so on. The final number of vacancies will be mentioned in the RBI Grade B 2023 notification when it is released.
It is important to note that the competition for the RBI Grade B exam is always high, and the number of applicants is significantly higher than the number of vacancies. Therefore, candidates are advised to prepare well and give their best shot at the examination to increase their chances of securing a job as an RBI Grade B Officer.
The total number of vacancies for the RBI Grade B 2023 examination is [insert number], and the category-wise vacancy details are given in the table below:
|Post Name||RBI Grade B Vacancies|
|Officers in Grade ‘B’(DR)- General||109||32||15||59||23||238|
|Officers in Grade ‘B’(DR)- DEPR||11||04||5||8||3||31|
|Officers in Grade ‘B’(DR)- DSIM||7||7||5||4||2||25|
The selection process for the RBI Grade B 2023 examination consists of three phases – Phase I, Phase II, and Interview. Here's a detailed explanation of each phase:
Phase I: The Phase I exam is an objective type exam that is conducted online. It comprises four sections – General Awareness, English Language, Quantitative Aptitude, and Reasoning. The exam duration is 2 hours, and the maximum marks are 200. There is a negative marking for incorrect answers, and a 1/4th mark is deducted for each wrong answer. Candidates who qualify for Phase I will be eligible to appear for Phase II.
Phase II: The Phase II exam is also conducted online and comprises three papers – Economic and Social Issues, English (Writing Skills), and Finance and Management. The exam duration is 4.5 hours, and the maximum marks are 300.
The paper on Economic and Social Issues focuses on current economic and social issues, while the paper on English tests the writing skills of the candidates. The Finance and Management paper tests the knowledge of the candidates in the areas of finance, accounting, and management. There is a negative marking for incorrect answers, and a 1/4th mark is deducted for each wrong answer.
Interview: Candidates who clear Phase II will be called for an Interview. The Interview is conducted to assess the candidate's communication skills, leadership qualities, and overall personality. The maximum marks for the Interview are 50.
Final Merit List: The final merit list is prepared based on the marks obtained in Phase II and the Interview. Candidates who score high marks in Phase II and the Interview will be shortlisted for the final selection.
The selection process for the RBI Grade B 2023 examination is a rigorous process that tests the candidates' knowledge, skills, and personality. Candidates are advised to prepare thoroughly for all the phases of the examination to increase their chances of success.
It is important to note that each phase of the examination has its own weight, and candidates must score high in all the phases to make it to the final merit list. All the best to all the aspirants!
The RBI Grade B 2023 examination is a great opportunity for candidates who are looking for a career in the banking sector. The examination is highly competitive, and candidates must prepare thoroughly to crack the exam.
Candidates are advised to read the notification carefully and ensure that they meet the eligibility criteria before applying for the examination. We wish all the aspirants the best of luck for the RBI Grade B 2023 examination!
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