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.
|Exam name||RBI Grade B|
|Conducting authority||Reserve Bank of India (RBI)|
|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
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|
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.
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.
The RBI also provides for the increment in salary of the Grade B employees.
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.
Following are the job profiles for the Grade B officers.
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.
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.