RBI Grade B 2019 Recruitment – Official Notification – 199 Vacancies

RBI Grade B 2019 Recruitment notification has been released by RBI today and it is one of the most expected notification of the year and also a lucrative one.

The Total Number of vacancies available for RBI Grade B 2019 Recruitment is 199

The posts available in the RBI Grade B Recruitment 2019 are

Officer in Grade B (DR) (General)

Officer in Grade B (DR) (DEPR)

Officer in Grade B (DR) (DSIM)

This RBI Grade B Recruitment 2019 is a Three Phase Exam and the allowances and the Perks makes it one of the most sought one and the exam pattern is entirely different from that of Other Bank Exams.

RBI has already released the RBI Grade B 2019 Short Recruitment notification in the leading dailies, some 4 days back and today it has released the full detailed notification which has the complete details about the age limit, Educational Qualification and exam pattern.

Important Dates – RBI Grade B Recruitment 2019

Events Important Dates**
Website Link Open For Online Registration of Applications and Payment of Fees/Intimation Charges September 21-October 11, 2019
1. Officers in Gr B (DR) – General Phase-I – Online Examination November 9, 2019 $
Phase-II – Paper I, II & III Online Examination December 1, 2019
2. Officers in Gr B (DR) – DEPR* Phase I – Paper – I – Online Examination November 9, 2019
Phase II – Paper – II & III
Online/Written Examination
December 2, 2019 £
(To be confirmed in Admit cards)
3. Officers in Gr B (DR) – DSIM@ Phase I – Paper – I – Online Examination November 9, 2019
Phase II – Paper – II & III
Online/Written Examination
December 2, 2019 £
(To be confirmed in Admit cards)

*Department of Economic and Policy Research

@ Department of Statistics and Information Management

** The Board reserves the right to make any change in these dates.

$ Candidate will have to appear in only one shift of Phase-I examination.

£ Candidate will have to appear in all the shifts of Phase ll / Paper II & Ill examination.

Total Vacancies – RBI Grade B Recruitment 2019

The Total number of vacancies available for the RBI Grade B 2019 is 199.

Grade B officer (General) – 156 Vacancies

Grade B officers (DSIM) – 23 Vacancies

Grade B officers (DEPR) – 20 Vacancies

Post Number of Vacancies
Unreserved i.e., General (GEN/UR) Scheduled Castes (SC) Scheduled Tribes (ST) Other Backward Classes (OBC)  EWSs  TOTAL
1. Officers in Grade ‘B’(DR)- General 65 25 11 40 15 156
2. Officers in Grade ‘B’(DR)- DEPR 9 3 1 5 2 20
3. Officers in Grade ‘B’(DR)- DSIM 11 2 4 4 2 23

Age Limit – RBI Grade B Recruitment 2019

Minimum Age – 21 Years

Maximum Age – 30 Years

The Age Limit for the RBI Grade B Recruitment 2019 will be considered as on 1st September, 2019.

e., he/she must have been born not earlier than 2nd September 1989and 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.

Educational Qualification – RBI Grade B Recruitment 2019

The Educational Qualification will be considered as on 1st September, 2019.

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 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

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

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 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

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

M. Stat. Degree of Indian Statistical Institute with a minimum of 55% marks in aggregate of all semesters / years; OR

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.

Percentage Equivalent For The CGPA / CPI

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%

Number Of Attempts – 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/s in the past, are not eligible to apply.

No such restriction applies to candidates belonging to SC/ST/OBC/PwBD/EWSs, if the posts are reserved for them.

Selection Procedure – RBI Grade B Recruitment 2019

This RBI Grade B recruitment 2019 is a Three Phase Exam and is as follows.

Phase – I (Online Examination – Objective Type)

Phase – II

Interview

Scheme Of Selection For Officers In Grade B (DR)-General – 2019

RBI Grade B 2019 Notification: Phase-I – Online Examination (Objective Type)

Sr. No. Name of the Test Maximum Marks Time Allotted
1. General Awareness 80 120 Minutes/2 Hours Separate time will be allotted for each test.
2. English Language 30
3. Quantitative Aptitude 30
4. Reasoning 60
  Total 200

Note:

  1. A total time of 120 minutes will be given for answering. However, separate time will be allotted for each test.
  2. There will be a negative marking of 1/4th of the marks allotted to the question. Candidates have to secure minimum marks separately for each test as well as in aggregate, as may be prescribed by the Board

RBI Grade B 2019 Notification: Phase-II – Online Examination

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

RBI Grade B 2019 Notification: 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. Interview will be of 50 marks. Candidate may opt for interview either in Hindi or English. Final Selection will be through merit list which will be prepared by adding marks secured by candidates in Phase-II examination and interview.

Application Fee – RBI Grade B Recruitment 2019

Sr. No. Category Charges Amount*
1. SC/ST/PwBD Intimation Charges only Rs 100/-
2. GEN/OBC/EWSs Application fee including intimation charges Rs 850/-
3. STAFF@ Nil Nil

Pay Scale – RBI Grade B Recruitment 2019

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.)

Perquisites – RBI Grade B Recruitment 2019

Bank’s accommodation, subject to availability, reimbursement of expenses for maintenance of vehicle for official purpose, newspaper, telephone charges, book grant, allowance for furnishing of residence, etc. as per eligibility.

Free dispensary facility besides reimbursement of medical expenses for OPD treatment/hospitalization as per eligibility. Interest free festival advance, Leave Fare Concession (once in two years for self, spouse and eligible dependents).

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)’, 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.

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