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RBI Officer Grade B 2023 Notification | Vacancy, Salary, Exam Pattern, Syllabus, Books

Ripul Agarwal | Updated On - April, 26 2023

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RBI Officer Grade B 2023 Notification

Recently, the Reserve Bank of India published a short notification for the RBI Officer Grade B 2023 recruitment. According to the short notification, there are a total of 291 vacancies to be filled through this recruitment. Eligible candidates can apply online from 9th May 2023. The RBI Grade B officers are to be recruited for the posts of General (DR), DEPR, and DISM. The selection of RBI Grade B officers will be done through three stages, which are Preliminary exam, Mains exam and Interview.

RBI Grade B 2023 Overview

The RBI Grade B Officer 2023 recruitment exam will be held all over India at specified exam centres. This recruitment exam is held online every year. The overview of this recruitment exam is given below:
Particulars Details
Organization Reserve Bank Of India
Exam Name RBI Grade B Officer Recruitment Exam
Post Grade B Officer
Vacancies 291
Mode of Exam Online
Selection Process Phase I, Phase II, and Interview
Application Mode Online
Official Website www.rbi.org.in

RBI Grade B 2023 Application fee

The Application fee for RBI Officer Grade B must be paid before 9th June 2023. The category-wise RBI Application fee is given below in the table:
Category Amount
Application fee for General/ OBC Rs.850 /-
Application fee for ST/SC/PWD/EXS Rs.100/-

RBI Grade B 2023 Important Dates

The RBI Grade B Officer exam dates are also released along with the short notification. The RBI Grade B recruitment is done every year by the Reserve Bank of India. The RBI Grade B Form 2023 will start from 9th May 2023. The important dates of RBI Grade B Officer are given below:
Event Date
RBI Grade B Notification release 26th April 2023
RBI Grade B Apply Online Starts 09th May 2023
Last date to submit the online application form 09th June 2023 (6.00 PM)
RBI Admit card for Phase-I Exam 09th June 2023 (6.00 PM)
Officers in Grade B (DR)- General Phase-I – Online Exam 09th July 2023
Officers in Grade B (DR)- Phase-II – Paper I, II & III Online Exam 30th July 2023
Officers in Grade B (DR) – DEPR- Phase I – Paper – I – Online Exam 16th July 2023
Officers in Grade B (DR)- DEPR- Phase-II – Paper I, II & III Online Exam 02nd September 2023
Officers in Grade B (DR)- DSIM- Phase I – Paper – I – Online Exam 16th July 2023
Officers in Grade B (DR)- DSIM- Phase I – Paper – II & III – Online Exam 19th August 2023
RBI Grade B Final Result 2023 To be notified

RBI Grade B 2023 Vacancy

According to the official notification released by the board, there are a total of 291 vacancies to be filled for the posts of Officers Grade B General, Officers Grade B DEPR and Officers Grade B DSIM. The post-wise vacancies are given below:

Post Name

Total Post

Officers in Grade 'B' (DR)-
General-PY 2023


Officers in Grade 'B' (DR)-
Department of Economic
and Policy Research
DEPR)-PY 2023


Officers in Grade 'B' (DR)-
Department of Statistics and
Information Management
DSIM)-PY 2023


RBI Grade B 2022 Vacancies
Posts Unreserved SC ST OBC EWS Vacancy

Officers in Grade ‘B’(DR)- General







Officers in Grade ‘B’(DR)- DEPR







Officers in Grade ‘B’(DR)- DSIM









RBI Grade B 2023 Eligibility

The RBI Grade B eligibility criteria consist of age limit, educational qualifications and number of attempts. The post-wise RBI eligibility criteria are provided below:

RBI Grade B Educational Qualification

  1. RBI Officers in Grade ‘B’ (DR)–(General): Graduation in any discipline /Equivalent technical or professional qualification with minimum 60% marks (50% for SC/ST/PwBD applicants) or PostGraduation in any discipline / Equivalent technical or professional qualification with minimum 55% marks (pass marks for SC/ST/PwBD applicants) in aggregate of all semesters / years.
  2. RBI Officers in Grade ‘B’ (DR)–DEPR: A Master's Degree in Economics / Econometrics / Quantitative Economics / Mathematical Economics / Integrated Economics Course/ Finance from a recognised Indian or Foreign University /Institute, with a minimum of 55% marks or an equivalent grade in aggregate of all semesters /years; 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.
  3. RBI Officers in Grade ‘B’ (DR)–DSIM: Master's Degree in Statistics/ Mathematical Statistics/ Econometrics/ Statistics & Informatics from IIT-Kharagpur/ Applied Statistics & Informatics from IIT-Bombay with a minimum of 55% marks or equivalent grade (aggregate of all semesters/years) OR Master's Degree in Mathematics with a minimum of 55% marks or equivalent grade and a one-year postgraduate diploma in Statistics or related subjects from a reputed institute.

RBI Grade B Age limit

  • Minimum age limit: 21 years
  • Maximum age limit: 30 years 
RBI Grade B Age relaxation
Category Age Relaxation
SC/ST 5 years
OBC 3 years
Physically Handicapped 10 years
PH+OBC 13 years
PH+SC/ST 15 years

RBI Grade B Number of Attempts

The RBI Grade B number of attempts has been specified for each category. Check the number of attempts given below:
  • General Candidates: 6 Attempts
  • SC/ ST/ OBC/ PWD Candidates: No bar on number of attempts for RBI Grade B exam.

RBI Officer Grade B 2023 Selection Process

The selection process of RBI Grade B officers consists of three phases, Phase I, Phase II and Phase III. The RBI Grade B exam will be held in online mode.
  1. Phase- Preliminary Exam
  2. Phase- Mains Exam
  3. Phase- Interview

RBI Grade B 2023 Exam Pattern

RBI Grade B 2023 Phase I Exam Pattern

The RBI Grade B phase 1 exam pattern will consists of four subjects which are General Awareness, Quantitative Aptitude, English Language and Reasoning. The RBI Grade B exam pattern is given below.
  • There is a negative marking of 1/4th.
  • There will be a sectional time for each subject.
  • There will be 1 mark for each correct answer.
Sections No. of Questions Maximum marks Sectional Duration
English language 30  30  25 minutes
Quantitative aptitude 30 30 25 minutes
Reasoning Ability 60 60 45 minutes
General Awareness 80 80 25 minutes
Total 200 200  120 minutes

RBI Grade B 2023 Phase II Exam Pattern

  • There are three separate papers in the RBI Grade B mains exam.
  • Candidates applying for RBI Grade B Officers in Gr B (DR)- General, have to appear for Paper I, II, and III.
  • Candidates applying for RBI Grade B Officers in Gr B (DR)- DEPR & DSIM, have to appear for Paper-II and III.
  • Paper I & III will be 50% Objective & 50 % descriptive, while Paper- II will be Descriptive only.
  • Each paper will be of 100 marks each.
  • The English paper will be a descriptive test.
Paper Format Duration Marks

Economic & Social Issues

Objective 30 Minutes 50
Descriptive 90 Minutes 50

English (Writing Skills)

3 Questions

Descriptive 90 Minutes 100

Finance and Management

Objective 30 Minutes 50
Descriptive 90 Minutes 50

RBI Grade B 2023 Interview

Candidates will be chosen for the interview based on their overall performance in Papers I, II, and III of the Phase II exam. The interview will be worth 75 marks.

RBI Grade B 2023 Syllabus

As you are aware, the selection of RBI Grade B Officers will take place in three stages. The first two are written tests, and the third is an interview. The RBI Grade B syllabus is given below:

RBI Grade B 2023 Phase 1 Syllabus

Subject Syllabus

Quantitative Aptitude

Ratio & Proportion, Mensuration, Percentage, Average, Speed, Time and Distance, Time and Work, Permutation and Combination, Mixture and Alligation, Data Interpretation, Probability, Stocks and Shares, Simplification and Approximation, Quadratic Equations, Inequalities, Number Series, Upstream and Downstream, Profit and Loss, Simple and Compound Interest

Logical Reasoning

Puzzles, Seating Arrangement, Inequalities, Direction Test, Blood Relation, Syllogism, Input-Output, Data Sufficiency, Reasoning, Analogy Coding-Decoding, Ranking, Alphanumeric series


Reading Comprehension, Cloze Test, Para jumbles, Fill in the blanks, Multiple Meaning /Error Spotting, Paragraph Completion

General Awareness

Current Affairs, Indian Financial Systems, Indian Banking Systems, Monetary Plans, National Institutions, Banking Terms

RBI Grade B 2023 Phase 2 Syllabus

Name of the Paper


Economic & Social Issues

Economic Reforms In India:

  • Industrial and Labour Policy

  • Monetary and Fiscal Policy

  • Privatization

  • Role of Economic Planning

  • Economic Planning in India


  • Opening Up of the Indian Economy

  • Balance of Payments

  • Export-Import Policy

  • International Economic Institutions

  • IMF and World Bank

  • WTO

  • Regional Economic Cooperation

Growth And Development

  • Measurement of growth: National Income and per capita income

  • Poverty Alleviation and Employment Generation in India

  • Sustainable Development and Environmental issues

Social Structure In India

  • Multiculturalism

  • Demographic Trends

  • Urbanization & Migration

  • Gender Issues

  • Social Justice: Positive Discrimination in Favor of the Underprivileged

  • Social Movements

  • Indian Political System

  • Human Development

  • Social Sectors in India

  • Health and Education

Finance & Management


Financial System

  • Regulators of Banks & Financial Institutions

  • Functions of RBI, 

  • The conduct of monetary policy, 

  • The Banking system of India, 

  • Financial Institutions (SIDBI, NABARD, EXIM, NHB)

Financial Markets

  • Primary & Secondary markets (Forex, Money, Bond, Equity),

  •  Functions, Instruments, Recent developments.

General Topics

  • Risk Management in the Banking sector

  • Basics of Derivatives: Forward, Futures, and Swap

  • Changing Landscape of Banking sector

  • Recent developments in the Financial sector, Portfolio investment, Public sector reforms, Disinvestments

  • Financial Inclusion – Use of technology

  • Alternate source of finance, private and social cost-benefit, Public-Private partnership

  • Corporate Governance in the Banking sector, 

  • the role of e-governance in addressing the issues of corruption & inefficiency in the government sector

  • The Union budget – Direct and indirect taxes; Non-tax sources of Revenue, GST, 13th Finance Commission and GST, Finance Commission, Fiscal policy, Fiscal responsibility, and budget management act

  • Inflation: Definition, trends, estimates, consequences, and remedies: WPI, CPI – components of trends



  • Nature & Scope

  • Processes (Planning, Organizing, Staffing, Directing, Controlling)

  • Role of a Manager in an organization


  • Tasks of a leader

  • Styles & theories

  • Successful vs Effective leader

  • Human Resource Development:

  • Concepts & goals of HRD

  • Performance appraisal – Potential appraisal & development – Feedback & Performance counseling – Career planning – Training & development – Rewards – Employee welfare.


  • Theories

  • Morale & Incentive

  • How managers motivate

  • Morale concept

  • Factors influencing morale

  • Role of incentives in building up morale


  • Steps in the communication process

  • Communication channels

  • Communication types: Oral vs Written; Verbal vs Non-verbal; Upward, downward & lateral

  • Role of IT

  • Barriers to communication

Corporate Governance

  • Mechanisms

  • Factors affecting corporate governance

English Writing Skills

  • Essay Writing

  • Precis Writing (Summary Writing)

  • Comprehension

RBI Officer Grade B 2023 Admit Card

Candidates who intend to take the exam must obtain their RBI Grade B Admit Card from the direct link or the official website. Candidates will receive their admit cards for the RBI Grade B Exam separately for Prelims and Mains. Candidates who successfully submit their RBI Grade B Online Application Form will be issued a Prelims Call Letter, and candidates who qualify for the prelims round of the RBI Grade B 2023 Exam will be issued a Mains Admit Card.
Download RBI Grade B 2023 Admit Card

RBI Officer Grade B 2023 Result

The Reserve Bank of India will release the RBI Grade B Result for the Prelims Exam shortly after the Prelims Exam is completed. The marks obtained by candidates in the RBI Grade B Exam in Preliminary, Main Exam, and Interview will be available on the Bank's website only after the final result is announced. After the interview process is completed, the merit list is created in descending order of the marks obtained by candidates.
Download RBI Grade B 2023 Result

RBI Officer Grade B 2023 Salary

The official notification details the RBI Grade B salary structure. According to the RBI Grade Notification, the salary structure is Rs. 55,200-2850(9)-80850-EB-2850(2)-86550-3300(4)-99750(16 years). The basic salary for an RBI Grade B is Rs. 55,200, and the gross salary is Rs. 1,08,404 (approximately), which is the highest in the banking sector.
Particulars Amount in Rupees
Basic Pay Rs. 55,200
Grade Allowances Rs. 6,800
Dearness Allowances Rs. 33,215
Housing Allowance Rs. 5,273
CVPS Incentives Rs. 827
Special Prerequisite Allowances Rs. 1,465
Special Allowances- Direct Recruit Rs. 1,800
Local Compensatory Allowances Rs. 3,664
Meal Allowance Rs. 160
Gross Pay Rs. 1,08,404

How to apply for RBI Officer Grade B 2023?

  • Go to the RBI's official website, rbi.org.in.
  • At the bottom of the page, click on the Opportunities section.
  • Click on the current vacancies section to open a new tab.
  • Select the "RBI Officer Grade B Recruitment 2023" option.
  • Now, select the "Application Form" option.
  • A new tab will appear, requesting your registration.
  • Click the New Registration link.
  • Fill out the form with the correct information from your official documents.
  • Save the image and upload a scanned photograph and signature.
  • Check all of your information before clicking the submit button.
  • Finally, pay the application fee for your category.
  • The application fee must be paid online via debit/credit card, mobile wallets, or net banking.
  • Remember to save an e-print of the receipt for future reference.  

RBI Officer Grade B 2023 Books

Recommended Book for RBI Grade B English Subject

Recommended Book for RBI Grade B Quantitative Aptitude Subject

Recommended Book for RBI Grade B Reasoning Subject

Candidates can also consider these books for their preparation of Banking Exams

RBI Officer Grade B 2023 Important links

RBI Grade B Officer 2023 Notification Download Notification
RBI Grade B Officer 2023 Short Notification Download
Apply Online Click Here (Activate on 9/05/2023)
RBI Grade B Officer 2022 Notification Download
RBI Official Website https://rbi.org.in/home.aspx

RBI Officer Grade B 2023 FAQs

Q1. In which mode the RBI Grade B Officer exam is conducted?
Ans. The RBI Grade B exam will be conducted in online mode.
Q2. Is Banking Awareness important for the RBI Grade B exam?
Ans. Yes, the RBI Grade B exam is one of the toughest exams in the banking sector. Banking awareness plays an important role in the recruitment of candidates for banking sector jobs.
Q3. Can a final year candidate apply for the RBI Grade B exam?
Ans. No, a candidate should have passed the graduation to be eligible for RBI Grade B recruitment.
Q4. Does the RBI Grade B exam have negative markings? 
Ans. Yes, the RBI Grade B Officer exam has a negative marking of 1/4th.
Q5. Who will conduct the RBI Grade B exam?
Ans. The Reserve Bank of India is the main body to conduct this exam all over India.

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