Reserve Bank of India (RBI) has announced 166 vacancies for Grade B on June 30. The application form of RBI Officer Grade B 2018 will be released in online mode on July 3. Aspiring candidates can fill the application till July 23. Information in this regard has been released in an advertisement by the RBI. However, it must be noted that the registration process on July 3 will only be available for General direct recruitment. Registration dates for Department of Economics and Policy Research (DEPR) and Department of Statistics and Information Management (DSIM) have not been announced yet.
As per the exam conducting authority, General Phase I and II examinations will be conducted on August 16 and September 7 respectively. Apart from these dates and vacancies, the authority has not released any other information. Other dates and details will be announced on July 3.
Latest: RBI Officer Grade B Application form 2018 - Check Here
For 2018, RBI has announced a total of 166 vacancies whereas last year the number of vacancies was 161. This means that this year, the authority has announced 5 more vacancies as compared to the last year. This year, for General direct recruitment, the number of vacancies is 127, whereas last year it was 145. In DEPR and DSIM this year, there are 22 and 17 vacancies respectively, while for both the departments the number of vacancies last year were 12 and 4.
Phase 1 of RBI Officers Grade B exam consists of a single objective type paper, while phase II consists of three papers. Phase I will have a total of 200 marks, while Paper II will be of 300 marks. Candidates qualifying Phase I will be eligible to take Phase II, while candidates qualifying in Phase II will have to appear in an Interview which will be conducted for 50 marks.
Final selection of the candidates will be done based on the merit list which will be prepared on the basis of marks in Phase II and Interview.
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The Pay Scale for the RBI grade B Officer is 35150 in which you will get an increment of Rs. 1,750/- up till nine years of your service. After the completion of nine years you will get into the executive band wherein the basic pay will be of Rs. 50,900/- and then again for the next two years you will get an increment of Rs. 1,750/- and further an increment of rs. 2000/- for the following 2 years thus ending up with the basic pay of Rs. 62,400/- and this is when you don't get any promotion. Apart from the Basic Pay, multiple emoluments such as Dearness Allowance, House Rent Allowance, Family Allowance, Telephone Allowance, Conveyance Allowance etc. will also be provided
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The eligibility criteria RBI Officer Grade B, candidates must be in between 21 to 30 years of age. For M. Phil and Ph. D candidates the upper age limit will be 32 and 34 years, respectively.
RBI Grade B Officers Recruitment 2018: Eligibility Criteria
1. Nationality: The candidates who wish to apply for this exam must be either-
A citizen of India
A subject of Nepal or Bhutan
Tibetan Refugees who came to India before 1st January 1962 with the intention of permanent settlement
Person of Indian Origin (PIO) who has migrated from Burma, Pakistan, Sri Lanka, Vietnam or East African countries of Zaire, Kenya, Tanzania, Uganda, Zambia, Ethiopia, Malawi, with the intention of permanent settlement in India.
Note: Candidates belonging to the category 2, 3, 4 must have a certificate of eligibility issued by the Govt of India in their favor.
2. Age Limits:
The minimum age limit to apply for this exam is 21 years, whereas the upper age limit is 30 years. For candidates with M.Phil. Degree, the upper age limit is 32 years and for candidates holding Ph.D. Degree, it is 34 years.
For SC/ST – 5years
For OBC –3 years
For Ex-Servicemen / Ex-Employee of Banking Institutions –5 years
3. Minimum Educational Qualification:
For Officers in Gr B (DR) General: Bachelor’s degree with a minimum of 60% marks (50% for SC/ST/PwBD) or an equivalent grade along with 60% marks or equivalent in 12th and 10th standard. The minimum percentage is the total of all the marks obtained in all the semesters.
For Officers in Gr B (DR) DEPR: A Master’s Degree in Economics / Econometrics / Quantitative Economics / Mathematical Economics / Integrated Economics Course/ Finance with a minimum 55% marks (50% for SC/ST/PwBD). The minimum percentage is the total of all the marks obtained in all the semesters.
Candidates having Master’s Degree along with Research/Teaching experience at a recognized Indian/Foreign University/Institute will be eligible for upper age limit relaxation up to a maximum of three years.
For Officers in Gr B (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 the aggregate of all the semesters; OR
(b) Master’s Degree in Mathematics with a minimum of 55% marks or an equivalent grade in the aggregate of all semesters/years and one year post graduate diploma in Statistics or related subjects from a reputed institute; OR
(c) M. Stat. Degree of Indian Statistical Institute with a minimum of 55% marks in the 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 the aggregate of all semesters/years.
Candidates having Master’s Degree along with Research/Teaching experience at a recognized Indian/Foreign University/ Institute will be eligible for upper age limit relaxation up to a maximum of three years.
All the best!
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