RBI Grade B 2021 Recruitment – Official Notification – 322 Vacancies

Dear RBI Grade B 2021 Aspirants,

RBI Grade B 2021 Recruitment notification has been released by RBI (Reserve Bank of India) today and aspirants who are waiting for the RBI Grade B Exam 2021 can rejoice now.

The Total Number of vacancies available for RBI Grade B 2021 Recruitment is 322 Vacancies.

Aspirants can start applying for the vacancies available in RBI GRADE B 2021 from 28th January 2021 and the last date to apply for RBI Grade B 2021 Officer Exam is 15th February 2021.

Candidates are required to apply ONLINE only through the Bank’s website www.rbi.org.in. No other mode for submission of application is available.

The posts available in the RBI Grade B Recruitment 2021 are

  1. Officer in Grade B (DR) (General)
  2. Officer in Grade B (DR) (DEPR)
  3. Officer in Grade B (DR) (DSIM)

This RBI Grade B Recruitment 2021 is a Three Phase Exam and the allowances and the Perks make it one of the most sought ones and the exam pattern is entirely different from that of Other Bank Exams. In this year 2021, RBI has clearly made some changes in the RBI Grade B 2021 – Exam Pattern – A descriptive exam has been added in the ESI & FM of Phase -2 in RBI Grade B 2021 Exam.

Important Exam Dates – RBI Grade B Recruitment 2021

Events Important Dates**
Website Link Open For Online Registration of Applications and Payment of Fees/Intimation Charges January 28, 2021, to February 15, 2021
1. Officers in Gr B (DR)- General Phase-I – Online Examination March 6, 2021$
Phase-II – Paper I, II & III Online Examination April 1, 2021
2. Officers in Gr B (DR) – DEPR* Phase I – Paper – I – Online Examination March 6, 2021
Phase II – Paper – II & III Online/Written Examination March 31, 2021£

(To be confirmed in Admit cards)
3. Officers in Gr B (DR)- DSIM@ Phase I – Paper – I – Online Examination March 6, 2021
Phase II – Paper – II & III Online/Written Examination March 31, 2021£

(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 2021

The Total number of vacancies available for the RBI Grade B 2021 is 322.

  1. Grade B officer (General) – 270 Vacancies
  2. Grade B officers (DSIM) – 23 Vacancies
  3. Grade B officers (DEPR) – 29 Vacancies
Posts 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 108 49 27 59 27 270^
2. Officers in Grade ‘B’(DR)- DEPR 13 5 3 6 2 29^^
3. Officers in Grade ‘B’(DR)- DSIM 9 5 5# 3 1 23^^^

Age Limit – RBI Grade B Recruitment 2021

  • Minimum Age – 21 Years
  • Maximum Age – 30 Years

Age Limit will be considered as of 1st of January 2021 for the RBI GRADE B 2021 Recruitment.

  • e., he/she must have been born not earlier than 2nd January 1991 and not later than 1st January 2000.
  • 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 2021

Posts Minimum Educational Qualifications (as of 1st of January 2021):
1. Officers in Grade ‘B’ (DR) – (General) • Graduation in any discipline /Equivalent technical or professional qualification with a minimum of 60% marks (50% for SC/ST/PwBD applicants)or Post-Graduation / Equivalent technical qualification with minimum 55% marks (pass marks for SC/ST/PwBD applicants) in aggregate of all semesters/years.
Note:
• Any such full-time course from a recognised University / Institute that is taken after Class XIIth and is at least of 3 years’ duration/ candidates possessing professional and technical qualifications which are recognised by the Government as equivalent to professional and technical graduation will be eligible for admission to the examination.
• Candidates who have passed the Final Examination for Membership of the Institute of Chartered Accountants of India may also apply for the post.
OR
• Any such full-time course from a recognised University / Institute that is taken after graduation and is at least 2 years’ duration / recognised by the Government as equivalent to post-graduation will be eligible for admission to the examination.
2. Officers in Grade ‘B’ (DR) – DEPR Essential:
a. 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
b. 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
c. 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 the upper age limit to the extent of the 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. 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
b. Master’s Degree in Mathematics with a minimum of 55% marks or an equivalent grade in aggregate of all semesters/years and a one-year postgraduate diploma in Statistics or related subjects from an Institute of repute; OR
c. M. Stat. Degree of Indian Statistical Institute with a minimum of 55% marks in 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 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 the 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 the 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 the upper age limit to the extent of the number of years of such experience subject to a maximum of three years. For experience, the 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.

Some Universities/Institutes/Boards do not award Class or percentage of marks and allot Aggregate Grade Points (e.g. CGPA/OGPA/CPI, etc.). In case University/Institute/Board defines criteria for conversion of Aggregate Grade Point into the percentage of marks, the same will be accepted. However, where the University/Institute/ Board does not define criteria for conversion of Aggregate Grade Point into the percentage of marks, in the degree/passing certificates, the undefined parameter(s) would be worked out as under:

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 2021

  • 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.

Selection Procedure – RBI Grade B Recruitment 2021

SCHEME OF SELECTION AND SYLLABUS FOR OFFICERS IN GR B (DR)-GENERAL- 2021:

Selection will be through ONLINE examinations and interviews. Examinations will be held in two phases, as described in the following paragraphs.

(I)Phase-I online Examination (Objective Type):

Total Marks: 200 Marks

Normalization: Yes

This will comprise a single Paper for 200 marks and will be held on March 6, 2021. Depending on the number of candidates, the examination may be held in multiple shifts and on some other days also. A candidate, however, must appear for the examination in only one shift on the given day. The date, time, and venue on which a candidate has to appear for examination will be specified in the Admission Letter (AL) to be downloaded by the candidate from our website (www.rbi.org.in). The ‘corrected-scores’ obtained by each of the candidates in different sessions (if held) will be normalized using the equipercentile method. (If the examination is held in more than one session, the scores across various sessions will be equated following IBPS’ standard practice to adjust for slight differences in difficulty level of different test batteries used across sessions.)

  1. The Paper will consist of tests of 
  • General Awareness
  • English Language
  • Quantitative Aptitude and;
  • Reasoning

A total time of 120 minutes will be given for answering. However, separate time will be allotted for each test. Other detailed information regarding the examination will be given in an Information Handout, which will be made available for the candidates to download along with the Admission letter for examination from the RBI website.

Candidates have to secure minimum marks separately for each test as well as in aggregate, as may be prescribed by the Board.

Candidates, who secure minimum marks separately for each Test, as prescribed, will be shortlisted for Phase-II of the examination based on the aggregate marks obtained in Phase-I. The minimum aggregate cut-off marks for being shortlisted for Phase-II of the examination will be decided by the Board in relation to the number of vacancies. Roll No. of the candidates shortlisted for Phase-II examination will be published on RBI web-site, tentatively within a week after Phase-I examination.

  • Phase-II online Examination: The Phase-II online Examination will be conducted on April 1, 2021 only for the candidates who are shortlisted on the basis of results of Phase-I and based on the cut-off decided by the Board. The Phase-II examination will be in shifts. Candidates are required to appear for all Separate Admission Letters will be issued for each shift. The time-table for Phase-II will be intimated to the candidates concerned along with Admission Letter for Phase-II. Phase–II online examination will consist of three papers as under:
Name of Paper Type of Paper Proposed Time (Minutes) Proposed Number of questions Marks
Paper-I:

Economic                       and Social Issues

 50% Objective Type

50% Descriptive, answers to be typed with the help of the keyboard

 30

90

Total-120

 @ 50

50

Total-100
Paper II:

English                 (Writing Skills)

 Descriptive, answers to be typed with the help of the keyboard 90 3 100
Paper-III:

Finance                       and Management

 50% Objective Type and 50% Descriptive, answers to be typed with the help of the keyboard 30

90

Total-120

 @ 50

50

Total-100

@For both Papers I and III, there will be 30 questions and 50 marks for Objective questions (some questions carrying 2 marks each and some carrying 1 mark each). In the case of Descriptive questions, 6 questions will be asked, of which candidates will be required to attempt 4 questions (2 of 15 marks each (with difficulty level) and 2 of 10 marks each). In case, candidate answers more than 4 questions in descriptive, the first 4 shall be evaluated.

NOTE: All question papers (in both the Phases, except the test of English) will be set bilingually in Hindi and English.

The Board reserves the right to modify the exam dates and time entirely at its discretion.

  • Interview: Candidates will be shortlisted for the interview, based on an 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. Roll No. of the candidates shortlisted for interview will be published on the RBI website at the appropriate time and interview call letters will be sent on registered email ID. The interview will be of 75 marks.
  • The candidate shall be required to undergo Psychometric Test conducted by the Bank before appearing for the Interview. No marks will be allotted for the same and this will not form part of the final selection criteria. Candidates may opt for an 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 and grace marks as applicable as per extant rules.

Application Fee – RBI Grade B Recruitment 2021

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

Aspirants can check the official notification of the RBI Grade B Recruitment 2019 from the official website of RBI or from the link that is provided below.

Official Notification – RBI Grade “B” 2021

Application Link – RBI Grade B Recruitment 2021

Check the Recent Bank, SSC & TNPSC Notifications in the year 2021 from the link that is provided below. 

Recent Notifications – 2021 – Check now 

 

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