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RBI Grade B Job Profile and Salary

Updated On -

Feb 17, 2021

The Reserve Bank of India (RBI) is an apex body established in the year 1935. This body of financial operations is governed by the central government of India. The head office of Reserve of Bank of India is shifted to Mumbai from Kolkata in 1937. RBI serves various essential functions for this country from managing the commercial banks to helping the government of India deal with financial issues in the given fiscal year. Most of the banking policies for the general public and international affairs are guided or set up by the RBI. Thus, RBI plays a great and pivotal role in dealing with the maintenance of economic stability throughout the country. It releases a various number of vacancies every year to give pretty opportunities to the people to become its part. According to the notification released by RBI related to the Grade B examination 2021, it mentions recruiting 630 employees for Grade B post in India. The Grade B employees are recruited for the posts of DR, DSIM and DEPR in Common Seniority Group (CSG). Following are the details for the RBI Grade B examination.

  • It is the national level competitive examination organized by RBI for various job profiles.
  • This examination is held once a year.
  • The application form for the RBI Grade B examination is available on the online mode.
  • The examination is conducted in three stages to choose the best out of all the aspirants for Grade B prestigious job profiles.
  • These three stages include Preliminary, Mains and the Interview also known as Phase – 1 and Phase – 2 of the examination.
RBI Grade B highlights

Highlights of RBI Grade B

Exam name RBI Grade B
Conducting authority Reserve Bank of India (RBI)
Exam level National
Post name Grade B (DR) for General, DEPR, DSIM streams
Selection stages Grade B (DR) for General: Phase I, II and Interview
DEPR/DSIM post: Paper 1, 2, 3 and Interview
Mode of exam Online and Offline
Exam Duration Grade B (DR) for General
Phase I: 120 minutes (with sectional timings)
Phase II: 90 minutes for each paper
DEPR/DSIM post:
Paper 1: 120 minutes
Paper 2: 180 minutes
Paper 3: 90 minutes
Language of exam English and Hindi
Exam purpose To select Grade B Officers in General, DEPR and DSIM
RBI Helpdesk 011-23711333
Official website rbi.org.in

Grade B jobs produced by RBI are extremely respectable and honourable positions aspired and admired by many youths. Every year it opens up the opportunities for the people to work in the banking sector of the country and directly participate in the decision making and policy execution in the nation. The Grade B jobs of RBI provides great perks to the employees in terms of fame, grandeur, monetary benefits along with various allowances and pensions to be continued even after the retirement.

RBI Grade B Salary

RBI Grade B Salary Scale

The basic salary for the RBI Grade B employees is around Rs. 67,933/- including all the allowances provided by the government of India. Although, after the reduction of the allowances, the cash in hand comes down to about Rs. 35,150/-. After the imposition of the certain pay scales by the government of India, the salary of these Grade B employees keeps on increasing.

Following are the types of allowances that are provided along with the salary by the Central Government of India to the Grade B employees of RBI.

  • Medical Allowance: It is an allowance provided to the employee and his / her liabilities for up to Rs. 4000/-.
  • Dearness Allowance: DA is provided to the employee which constitute 113 % of the specific salary.
  • Mobile Allowance: An employee can claim up to Rs. 1500/- as a mobile allowance in any case.
  • HRA Allowance: This is the house rent allowance which leads to the provision of 2BHK or 3BHK flat to the RBI Grade B employees. It also provides with the choice to the employees if he/she wants to claim the flat or Rs. 70,000/- as rent allowance of the house.
  • Education Allowance: Rs. 4000/- is given to the RBI Grade B employees as the education allowance on the monthly basis.
  • Fuel Allowance: It gives the benefit to avail 150 litres of fuel every month.
  • Spectacles Allowance: Allowance of about Rs. 7000 /- can be claimed under this by the employee of the RBI Grade B or it could also be claimed for their spouse.
  • Sodexo Coupon: This is a coupon for grocery shopping which have the value of Rs. 2000 /- provided by the RBI to its Grade B employees.
  • Briefcase Allowance: It provides with the benefit of Rs. 7000 /- once in every three years.
  • Leave Fare Concession Travel: It assures the monetary benefit of Rs. 10000 /- once in every two years by the Grade B employees of the RBI and their liabilities.

The RBI also provides for the increment in salary of the Grade B employees.

  • RBI allows for the yearly increment in the salary of the Grade B employees by about Rs. 1750/- for up to the next nine years.
  • In the executive band, the salary is Rs. 50900 /- with the yearly increment of Rs. 1750 /- for the next two years.
  • Then the salary comes up to Rs. 54400 /- and yearly increment of Rs 2000 /-.

The maximum basic pay for the Grade B employees of the RBI is Rs. 62400/. Although, this could be changed as per the promotions given to the employees of the Grade B. RBI gives a lot of opportunities to the employees for the promotion and for rising their positions along with several other perks. Promotions are given to the Grade B employees to various new designations like the manager, assistant manager, general manager, deputy general manager, assistant general manager, principal chief general manager, executive director, deputy governor and governor of the RBI. Although, all these different designations have distinct eligibility and perks.

RBI Grade B Job Profile

RBI Grade B Job Profile

Following are the job profiles for the Grade B officers.

  • Issuing currency: All the notes and coins except Rs. 1 is issued by the RBI. Thus, the Grade B employees function in the circulation and smooth transaction of these currencies to and within the commercial banks registered under Reserve Bank of India.
  • Financial stability: It is one of the great duties of the RBI Grade B officers to ensure financial stability in the market carefully looking through the factors leading to inflation and deflation.
  • Awareness: These Grade B employees are responsible for making the general public of the country aware of all the new measures and technologies introduced by the RBI to benefit the fiscal transaction by the public.
  • Government adviser: They tend to extend support to the government of India in case of any financial assistance. Government works on the financial advice provided by the officers of the RBI.

RBI Grade B jobs are one of the prestigious jobs available in the government sector of the country. It generally attracts the people towards it due to the high amount of fame and honour associated with it. Not only the values it provides but also the monetary pay scales are beneficial for the candidates once they qualify the examination and attain the position of the RBI Grade B employee.

RBI Grade B FAQs

FAQ’s

Ques. What is the age limit for RBI Grade B?

Ans. For the general category candidates the age limit is from 21 years to 30 years. However, there is some age relaxation for the other category candidates.

Ques. When and where will the RBI Grade B notification 2021 is likely to out?

Ans. It releases on the official website of RBI by the last week of April 2021.

*The article might have information for the previous academic years, please refer the official website of the exam.

Comments


6 Comments
P
puja sao
What is the selection procedure for RBI Grade B positions?
K
kavita rani

Hi Puja. The selection process is a three stage process including Preliminary exam, Main exam, and Interview. In the interview round, candidates will be asked questions related to banking, current affairs, etc. The interview will be held for a total 50 marks. Check out more details related to the selection process here.

B
bhagyashri kene
What are RBI promotions based upon?
K
kavita rani

Hi Bhagyashri. First of all, you need to keep in mind that you will be considered for promotions in RBI only after serving for a certain period in a particular grade. For the Manager (GRADE B), you must have served for at least 7 years. You will get many chances for promotion to the higher levels, by applying for the promotion test and appearing for internal promotion exams but before that you need to serve the minimum time period. More details related to the same are presented here.
 

S
sourajit mukherjee
What is the starting salary of posts under this recruitment?
K
kavita rani

Hi Sourajit. Candidates post qualifying the RBI Grade B exam are offered almost INR 67,933/- including all the allowances provided by the government of India. Although, after the reduction of the allowances, the cash in hand comes down to almost INR 35,150. Check other details here.
 

K
koyena biswas
What is the starting salary of posts under this recruitment?
K
kavita rani

Hi Koyena. The Basic pay is INR 28150/- per month.

K
koyena biswas
What is the pay scale and approximate monthly salary?
K
kavita rani

Hi Koyena. RBI Grade B Salary (Basic Pay) is INR 35,150 per month. RBI Grade B Salary Scale is INR 35150-1750 (9)-50900-EB-1750 (2)-54400-2000 (4)-62400. RBI Grade B Salary(Allowances Given) include Dearness Allowance, Local allowance, House Rent Allowance, Family allowance, and Grade Allowance. Check more details here.
 

S
sadim ansari
What is the hierarchy of RBI officers?
K
kavita rani

Hi Sadim. RBI Grade B officers begin their career with the post of RBI Assistant or Support Staff, before getting promoted to Assistant Manager, Manager, Assistant General Manager, Deputy General Manager, etc.