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RBI Entrance GRB

Reserve Bank of India (RBI) is one of the premier employers of India. It is the giant of money market and banker to the nation. For those who are looking for a handsome career option it has plenty of benefits in terms of salary and quality of life even by the standards of Government Jobs

RBI Hierarchy Levels

Seniority levels of RBI Officers are divided into Groups (A to F). Group 'A' is junior-most while Group 'F' is the senior-most level containing Officers like Deputy-Governor, Governor, etc. All these officers collectively are called as Class-I employees. Apart from these employees RBI also has a large number of Class-III and Class-IV employees which work as service staff and other subordinate levels. Strangely, there is no Class-II level in RBI. Almost annually, direct recruitment of Officers is carried out at Group 'A' & 'B' levels and at Group 'C' & 'D' levels for experienced people. While Group 'A', 'C' & 'D' recruitment is nominal, there are frequent recruitment of college graduates and postgraduates at Group 'B' level through examinations conducted by Reserve Bank of India Services Board (RBISB). It is important to understand the entry level salaries of RBI

The starting Basic Salaries for Group 'B' Officers are 21000. These will be supplemented by Dearness Allowance (58+%), House Rent Allowance(10+%), etc. making the gross salary well above 40,000 (excluding the sweet little perks). The increment 1,000 which looks very small ( nearly 5%) isn't bad given that the inflation is balanced by incremental revision in DA every 6 months. It is expected to increase by 7% in December to 6%.

CADRE LEVEL

BASIC PAY AT START OF SCALE

ANNUAL INCREMENT

GROUP 'A'

17,100

1,000

GROUP 'B'

21,000

1,000

GROUP 'C'

28,350

1,000

GROUP 'D'

39,850

1,200

GROUP 'E'

42,300

1,300

GROUP 'F'

60,600

1,600

 

Local and Family Allowance AND Grade and Special Allowance

CADRE LEVEL

LOCAL ALLOWANCE

L.A. CEILING

FAMILY ALLOWANCE

F.A. CEILING

GRADE ALLOWANCE

SPECIAL ALLOWANCE

GROUP 'A'

5% OF BASIC

1,300

4% OF BASIC

1,100

1,500

2,500

GROUP 'B'

5% OF BASIC

1,300

4% OF BASIC

1,100

2,250

2,500

GROUP 'C'

5% OF BASIC

1,300

4% OF BASIC

1,100

4,500

2,500

GROUP 'D'

5% OF BASIC

1,600

4% OF BASIC

1,200

6,750

2,500

GROUP 'E'

5% OF BASIC

1,600

4% OF BASIC

1,200

9,000

5,500

GROUP 'F'

NIL

0

NIL

0

10,000

0

 

Annual Reimbursements - Medical, Book Grant and Briefcase Easy Loan for Purchase of Car/Bike/PC

CADRE LEVEL

MEDICAL

BOOK GRANT

BRIEFCASE

AMOUNT PERMISSIBLE

GROUP 'A'

4,000

4,000

5,000

70,000

GROUP 'B'

4,000

4,500

7,000

70,000

GROUP 'C'

4,000

5,000

7,000

90,000

GROUP 'D'

5,500

6,000

9,000

1,10,000

GROUP 'E'

5,500

6,000

9,000

1,50,000

GROUP 'F'

5,500

7,000

9,000

2,00,000

Beyond Salary and Perks

Even if we forget the CTC, job at RBI offers handsome prospects of learning and growing with the organisation. It has the ingredients of a be-all-end-all institution for budding graduates who can dream to become Deputy Governors before retirement, provided that they land a position at right age. Some others like to make this job their launch pad for going to world stage after a short stint. They move to World Bank, IMF, ADB and the likes to explore opportunities of learning and growth. Some others move to limelight jobs in investment banks for lure of big paycheck and all expense paid holidays.

Before venturing so deep into the future it's good to perform a reality check. Getting recruited to RBI is as much tough as it is easy to like the Salaries. Around 4,00,00 aspirants apply for a meagre 200-300 entry level jobs on offer every year. Man can only try and let destiny to take him home.

Recruitment Process:

RBI Grade B Officer Exam Pattern
RBI Grade B Officer Examinations will be held in two phases [Phase-I ON-LINE Examination (Objective Type) and Phase-II Written Examination (Descriptive type)] as under:

Phase-I Online Examination (Objective Type): The Online Examination will be for 200 marks with 3 hours duration.

Section wise marks sharing of paper

According to RBI’s pattern in 2011’s exam, breakup of no. of questions, marks allocated to each section.

Name of Exam

Number of Questions

Max. Number

Total Time

General Awareness

80

80

 

English Language

30

30

 

Quantitative Aptitude

30

30

 

Reasoning

60

60

 

Total

200

200

180 min

 
The candidates are required to qualify in each part of the Objective test separately. 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 the Objective Test.

Phase-II Written Examination (Descriptive Type):

The Phase-II Written examination (WE) is only for those candidates who are shortlisted for the same. The date and time-table will be intimated to the candidates concerned at the appropriate time.
RBI Grade B Officer Phase-II Examination will consist of three Descriptive Type papers, which includes the following,
 

Paper I

Paper II

Paper III

English

Social and Economic Affairs

Finance and Management

100 Marks

100 Marks

100  Marks

 

Papers II and III of Phase-II can be answered either wholly in Hindi or in English at the candidate's option.

The Final Leap

InterviewCandidates will be short-listed for interview based on the aggregate marks obtained only in Phase-II – Papers I, II and III.
Final selection will be on the basis of candidate's performance in Phase-II of the Examination and Interview taken together.

 

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