Vedanta Institute is providing Best Coaching for RBI Grade B officer Exam in Chandigarh. R.B.I. Grade B officer Exam`s main responsibility is to keep inflation in check, to ensure smooth circulation of currency issued by R.B.I. ,maintain smooth functioning of the economy and designing various guidelines for Public Sector Banks and other Banks to follow.
Recently, RBI has revised the process of recruitment of Officers in Grade B. The bank has decided that in Phase-II of the online examination, the Paper-III will consist of only one subject i.e Finance and Management. Whereas, the other optional subjects ‘Economics’ and ‘Statistics’ have been withdrawn. It is from last year, RBI has introduced Computer Based Test comprising of Objective Type Multiple Choice Questions and in two phases-I and II. However, there is a slight change this year in Phase-II while the other criteria and scheme remain the same. Check below:
(i) The examination will consist of two phases, viz. – Phase-I & Phase-II followed by an interview.
(ii) Phase-I examination will be objective type with Multiple Choice Questions (MCQs) of 200 marks. There are four modules under this phase.
(iii) Phase-II examinations will consist of three papers in MCQ pattern (except Paper-I) – viz. Paper-I on English (writing skills); Paper-II – Economic & Social Issues and Paper-III – (optional subjects) – Finance & Management.
(iv) Candidates will be required to write all the papers online.
(v) Only successful candidates of Phase-I will appear for Phase-II examination on a later date.
(vi) Based on the results of Phase-II examinations candidates will be shortlisted for interview.
(vii) Final selection will be through merit lists which will be prepared by adding marks secured by candidates in Phase-II (Paper-I + Paper-II + Paper-III) and Interview.
(Viii) There is also a provision for negative marking.
[/vc_column_text][vc_empty_space][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading text=”RBI Officer Grade B Syllabus and Pattern 2017 – Complete Details” font_container=”tag:h2|text_align:center|color:{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}23f4a024″ google_fonts=”font_family:Arvo{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}3Aregular{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}2Citalic{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}2C700{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}2C700italic”][vc_empty_space][vc_column_text]
PHASE I
Before checking the syllabus of the Phase-I examination, the exam pattern is illustrated below:
| Name of the section | Number of questions asked | Marks allotted for the section |
| General Awareness | 80 | 80 |
| English Language | 30 | 30 |
| Quantitative Aptitude | 30 | 30 |
| Reasoning | 60 | 60 |
| Total | 200 questions | 200 Marks |
The syllabus is as follows as per the section:
- Reasoning Syllabus
The questions will be asked from the following topics
- Syllogism
- Coding-decoding
- Blood relations
- Number, ranking and time sequence
- Causes and effects, Analytic reasoning, Direction sense test. Sitting arrangement
- Decision making, Input output
- Puzzle
- Statement and conclusions
- Statement and assumptions, Statement and arguments
- Statement and action courses. Passage and conclusions
- Assertion and reasoning, Figure Series, Word formation, Series
- Quantitative Aptitude
The question in this section will be asked from the following topics
- Number system
- HCF & LCM, Number series, Problems based on numbers. Approximation Wrong Number, Decimal fractions, Square root and cube root, Simplifications
- Partnerships, Percentage, Ratio and proportions, Average & Ages Ratio & Proportion
- Profit and loss, Simple interest and compound interest
- Time and work, Time and distance, Mensuration
- Permutation and combination
- Probability
- Data Interpretation
- Pie charts, Bar graphs, Line graphs, Mixed graphs
- English Language Section Syllabus
The questions in this section will be asked from the following sections
- Spotting the errors
- Phrase substitution, Ordering of sentences or jumbled up sentences
- Double blanks in a sentence, Fill in the blanks
- Cloze Test, Idioms & Phrases, Choosing the appropriate filler. Synonyms and antonyms
- Reconstruction of sentence & passage. One word substitution, Commonly misspelled words, Comprehensions
- General Awareness section syllabus
The questions in this section will be asked from the following topics with a special reference to the banking awareness as well as focus on the computer section
- Banking Terms, Current Rates (Bank rate, Repo Rate, Reverse repo rate etc.),Abbreviations / full forms
- Important days / dates, Currency, and capital
- Ministers and their departments
- Indian Economy
- International Economy
- Questions related to International Financial Institutions (World bank, IMF, UN, ADB-related – Members, recent development, functions)
- Finance, Shares, Various schemes of Government (MNREGA, Swabhiman, Swavlamban, Bharat Nirman etc.)
- Books & Their Authors
- Types of Banks
- GDP related, RBI, Fiscal-Monetary Policies
- Social Function of Banks
- UNO
- Marketing
- Awards & Honors
- Sports
- Budget
- Agriculture
- Current Affairs (last 6 months(focus on last 3 months)
PHASE II
The candidates who qualify in Phase I of the examination will be asked to take part in phase II of the examination. The exam pattern for the Phase II exam is as follows
| Papers | Name of the Paper | Type of the Paper | Time allotted for each Paper | Marks allotted for each Paper |
| Paper 1 | Economic and Social Issues | Objective Type questions | 90 minutes | 100 marks |
| Paper 2 | English (Writing Skills) | descriptive | 90 minutes | 100 marks |
| Paper 3 | Optional subject (Finance and Management) | Objective Type questions | 90 minutes | 100 marks |
| Total | 270 minutes | 300 marks |
Paper-I – Economic and social Issues:
- Growth and Development – Measurement of growth: National Income and per capita income – Poverty Alleviation and Employment Generation in India – Sustainable Development and Environmental issues.
- Economic Reforms in India – Industrial and Labour Policy – Monetary and Fiscal Policy – Privatization – Role of Economic Planning.
- Globalization – Opening up of the Indian Economy – Balance of Payments, Export-Import Policy – International Economic Institutions – IMF and World Bank – WTO – Regional Economic Co-operation.
- Social Structure in India – Multiculturalism – Demographic Trends – Urbanization and 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.
Paper-II -English (Writing Skills):
The paper on English shall be framed in a manner to assess the writing skills including expression and understanding of the topic.
Structure of Paper
Total Marks – 100 marks
| Question number | Type | Words | Marks |
| 1 | Essay | 500 | 40 |
| 2 a | Precis writing | 250 | 24 |
| 2 b | Passage questions | 10 | |
| 2 c | Word meanings | 6 | |
| 3 | Office Correspondence | 20 |
Paper-III -Finance and Management:
(I) Finance
(a) Financial System
- Regulators of Banks and Financial Institutions
- Reserve Bank of India- functions and conduct of monetary policy, Banking System in India, Financial Institutions – SIDBI, EXIM, NABARD, NHB, etc.
(b) Financial Markets
Primary and Secondary Markets (Forex, Money, Bond, Equity,etc.), functions, instruments, recent developments.
(c) General Topics
- Risk Management in 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 Banking Sector, a role of e-governance in addressing the issues of corruption and inefficiency in the government sector.
- The Union Budget – Direct and Indirect taxes; Non-tax sources of Revenue, GST, Thirteenth Finance Commission and GST, Finance Commission, Fiscal Policy, Fiscal Responsibility and Budget Management Act (FRBM),
- Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI – components and trends.
(II) Management:
- Management: its nature and scope; The Management Processes; Planning, Organisation, Staffing, Directing, and Controlling; The Role of a Manager in an Organisation. Leadership: The Tasks of a Leader; Leadership Styles; Leadership Theories; A successful Leader versus an effective Leader.
- Human Resource Development: Concept of HRD; Goals of HRD; Performance Appraisal – Potential appraisal and development – Feedback and Performance Counselling – Career Planning – Training and Development – Rewards – Employee Welfare. Motivation, Morale and Incentives: Theories of Motivation; How Managers Motivate; Concept of Moral; Factors determining morale; Role of Incentives in Building up Morale.
- Communication: Steps in the Communication Process; Communication Channels; Oral versus Written Communication; Verbal versus non-verbal Communication; upward, downward and lateral communication; Barriers to Communication, Role of Information Technology.
- Corporate Governance: Factors affecting Corporate Governance; Mechanisms of Corporate Governance.
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading text=”RBI GRADE B OFFICER EXAM ANALYSIS 2016 – PHASE-I” font_container=”tag:h2|text_align:center|color:{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}23f4a024″ google_fonts=”font_family:Arvo{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}3Aregular{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}2Citalic{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}2C700{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}2C700italic|font_style:700{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}20bold{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}20regular{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}3A700{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}3Anormal”][vc_empty_space][vc_column_text css=”.vc_custom_1489655974868{padding-top: 30px !important;padding-bottom: 30px !important;background-color: #f1f1f1 !important;}”]
The quant section was one of the most difficult section. Some students said that the level was at par with what SBI asked in PO mains examination. Reasoning was easier which helped the students to sail through. English was easy to moderate. Let us look at the overall analysis:
If we talk about the over-all difficulty level of the examination, then we can say that it was a Moderate.
Quant
The quant section was the most difficult section of the paper. Most of the students attempted as low as 10 questions in this section. The Data Interpretation questions asked,which included Missing DI,were tough.
Quadratic Equations were based on SBI PO Mains level pattern.
The level of Series questions asked was moderate.
The arithmetic questions were not only time consuming but were also difficult.
Reasoning:
After SBI PO Mains, most of the students were anticipating this section to be tougher. But RBI kept this section quite logical and its level was easy to moderate. Those who had practiced well could easily attempt 40-46. The questions were from Puzzles, Machine Input Output, Syllogism, Data Sufficiency, Logical Reasoning, Inequalities, Coding-Decoding.
English Language:
This remained one of the moderate section. Students have said that the questions were the conventional ones unlike SBI PO Mains and level varied from moderate to difficult. The questions included 2 Passages, Error Detection, Fillers, Cloze Test. The one who have practiced can score around 16-20.
There was Another type of question in which they have given 3-4 line passage and three statements and asked which statement clearly explains the passage. So this was new for many.
General Language:
Current Affairs dominated in the section. With lesser number of Static Question, this time RBI has emphasised on Current Questions. Banking awareness questions were also asked. The questions were asked from the recent months and mostly the last two months. So all those who have kept track of GK Questions could have scored around 45-55.
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading text=”RBI Officer Grade B Cutoff 2016″ font_container=”tag:h2|text_align:center|color:{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}23f4a024″ google_fonts=”font_family:Arvo{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}3Aregular{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}2Citalic{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}2C700{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}2C700italic|font_style:700{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}20bold{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}20regular{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}3A700{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}3Anormal”][vc_empty_space][vc_column_text]| Test wise and aggregate cut – off marks in Phase- I examination held on September 4, 2016, for shortlisting the candidates for Phase-II examination for the post of Officers Grade-B (General)- DR-BY-2016 | |||||
| Section | Category | ||||
| GENERAL | OBC | SC | ST | PWD (OH/HI/VH) | |
| GENERAL AWARENESS (Maximum Marks = 80) |
20.00 | 16.00 | 14.25 | 14.25 | 14.25 |
| REASONING (Maximum Marks = 60) |
15.00 | 12.00 | 10.75 | 10.75 | 10.75 |
| ENGLISH LANGUAGE (Maximum Marks = 30) |
7.50 | 6.00 | 5.25 | 5.25 | 5.25 |
| QUANTITATIVE APTITUDE (Maximum Marks = 30) |
7.50 | 6.00 | 5.25 | 5.25 | 5.25 |
| TOTAL SCORE/ Aggregate (Maximum Marks = 200) |
98.50 | 88.50 | 84.50 | 84.50 | 84.50 |
| CUT-OFF MARKS DECIDED BY THE BOARD AT VARIOUS STAGES OF THE RECRUITMENT PROCESS : | ||||
|---|---|---|---|---|
| RECRUITMENT STAGE | Category | |||
| GENERAL | OBC | SC | ST | |
| AGGREGATE CUT – OFF MARKS IN PAPER- I, PAPER II AND PAPER- III TAKEN TOGETHER IN WRITTEN EXAMINATION FOR SHORTLISTING THE CANDIDATES FOR INTERVIEW (OUT OF TOTAL 300 MARKS). | 176.75 | 161.75 | 155.75 | 155.75 |
| AGGREGATE MARKS IN WRITTEN EXAMINATION AND INTERVIEW TAKEN TOGETHER (OUT OF TOTAL 350 MARKS) OBTAINED BY THE LAST RECOMMENDED CANDIDATE UNDER THE RESPECTIVE CATEGORY WITH REFERENCE TO THE NO. OF VACANCIES NOTIFIED UNDER EACH CATEGORY. | 225.50 | 211.00 | 204.25 | 210.25 |
Final Selection will be through merit list which will be prepared by adding marks secured by candidates in Phase-II examination and interview.
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading text=”ELIGIBILITY CRITERIA OF RBI OFFICER GRADE B AS OF 2017″ font_container=”tag:h2|text_align:center|color:{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}23f4a024″ google_fonts=”font_family:Arvo{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}3Aregular{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}2Citalic{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}2C700{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}2C700italic|font_style:700{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}20bold{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}20regular{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}3A700{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}3Anormal”][vc_empty_space][vc_column_text]
The parameters of RBI Officer Grade B 2017 were explained below clearly:
1.Nationality:
A candidate must be an Indian citizen
or a citizen of Nepal
or a subject of Bhutan
or a Tibetan refugee (who came to India before 1 January 1962)
or a person of Indian origin who migrated from Myanmar and Sri Lanka to permanently settle in India.
- Age Limit:
The candidates as on 01/07/2017 should have been between 21 and 30 years (candidates must have been born not earlier than 02/07/1986 and not later than 01/07/1995).
For candidates possessing M.Phil. and Ph.D. qualification, upper age limit was 32 and 34 years respectively.
For candidates having experience as an officer in Commercial Bank/Financial Institution in Public Sector as also prior experience in Reserve Bank of India, upper age limit was relaxed to the extent of the number of completed years of such experience subject to a maximum of three years.
For such candidates, upper age limit should not have exceeded 33 years including experience. For experience, probationary period will not be reckoned.
RBI Officers Exam 2016 Eligibility – Age Relaxation in Upper Age Limit
5 years for SC/ST if posts are duly reserved for this category.
10 years for PwD (General), 13 years for PwD (OBC) and 15 years for PwD (SC/ST) candidates.
5 years for Ex-employees of banking institutions whose services were terminated due to reasons of economy or as of bank liquidation and personnel retrenched from Government Offices after at least one year’s service and currently registered with Employment Exchange.
5 years for Emergency Commissioned Officers/Short Service Commissioned Officers who completed their initial period of assignment of five years of Military Service but whose assignment has been extended beyond five years and in whose case the Ministry of Defence issues certificates that they would be released on selection within three months from the date of receipt of offer of appointment.
3 years for OBC if posts are duly reserved for this category.
5 years for Candidates who were domiciled in Kashmir Division of the State of Jammu and Kashmir.
5 years for Ex-servicemen (including Emergency Commissioned Officers/Short Service Commissioned Officers) if they have rendered at least five years continuous Military Service and released on completion of assignment (including those whose assignment is due to be completed within one year) otherwise than dismissal or discharge for misconduct/inefficiency/physical disability.
- Educational Qualification :
As on 01/07/2017, the candidates should have secured a minimum of 60{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} marks (50{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} in case of SC/ST/PWD) or an equivalent grade in Bachelor’s degree as well as in 12th (or Diploma or equivalent) and 10th standard examinations.
The minimum qualifying percentage or an equivalent grade for the Bachelor’s Degree will be in aggregate for all semesters / years.
RBI Officer Grade B Eligibility Criteria 2017 – Conversion Parameters
In case the University/Institute does not convert marks to grade, the following parameters would be employed.
Equivalent OGPA or CGPA or CPI or other similar evaluation term allotted on a scale of 10 Class/Division Aggregate Percentage of Marks in All the Subjects
6.75 I (First) 60{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}
6.25 II (Second) 55{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}
5.75 II (Second) 50{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}
- Experience :
As per the RBI Officers 2017 Eligibility Criteria, upper age relaxation is applied to candidates with experience as an officer in any Commercial Bank/Financial Institution in Public Sector. Their upper age limit must not exceed 33 years which includes the work experience.
Number of Attempts as per RBI Grade B Eligibility Criteria 2017
Candidates belonging to unreserved i.e. General Category, who had already appeared 6 times for Phase-I Examination for this post in the past, are not eligible to apply. No such restriction applies to candidates belonging to SC/ST/OBC/PWD, if the posts are reserved for them.
AREAS ONE ONE MAY GET TO WORK IN AS GRADE B OFFICER IN RBI
Monetary Authority The Reserve Bank of India constantly works towards keeping inflation under check and ensuring adequate supply of liquidity for the productive sector as also towards financial stability.
Supervisor of the Financial System Prescribes regulations for sound functioning of banks and financial institutions, including non-banking finance companies – Promotes best practices in risk management and corporate governance to protect depositors’ interest and to enhance public confidence in the financial system of the country – Encourages use of technology in banks to provide cost-effective service to consumers.
Issuer of Currency Ensures good quality coins and currency notes in adequate quantity – Mops up notes and coins unfit for circulation – Advises the Government on designing of currency notes with the latest security features.
Manager of Foreign Exchange Formulates policies to facilitate external trade and payments, facilitates foreign investments in India and Indian investments abroad and promotes orderly development of foreign exchange markets.
Banker to the Government Maintains accounts of central and state governments. Performs merchant banking function for the central and the state governments – Encourages development and orderly functioning of Government securities market – Advises central and state governments in better cash management.
Payment Systems Work towards stablishment of modern, robust, efficient, secure and integrated payment and settlement system for the country.
Bankers’ Bank Ensures adequate liquidity in the financial system and in individual banks, on a daily basis – Performs lender of the last resort function.
Developmental Role Performs a wide range of functions to support national objectives such as ensuring orderly growth and development of financial markets and institutions, creating institutions to serve specialised financial needs and extending the organised financial sector to all parts of the economy.
Under Research Serves as the primary source of information on Indian economy and financial system – Analyses the issues and problems affecting the Indian economy – Renders advice for policy formulation and shaping monetary, banking and financial policies – Prepares the Bank’s publications – Warehouses data to enable decision-making
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading text=”RBI Grade B Salary, Perks and Allowances” font_container=”tag:h2|text_align:center|color:{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}23f4a024″ google_fonts=”font_family:Arvo{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}3Aregular{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}2Citalic{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}2C700{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}2C700italic|font_style:700{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}20bold{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}20regular{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}3A700{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}3Anormal”][vc_empty_space][vc_column_text]One aspect that attracts millions of candidates towards RBI is the salary package. Total cost to company pay package accounts to be around 13 lacs in metro cities like Mumbai, Delhi etc. This may look like an unbelievable figure to you but it is absolutely true according to the norms of RBI. Now, let us breakdown the basic pay, fixed salary, perks and understand how much salary you can draw as an RBI grade B officer.
RBI Grade B Salary
The initial basic salary of an RBI grade B officer is Rs 21,000 pm. The figure can be extended up to Rs 48,000 pm after including different types of allowances like home allowances, dearness allowances, grade allowances etc. Apart from this, you may get perks which would depend upon your manager and your performance in general.
- Basic Pay: Rs 21,000 pm
- Net salary after including all the allowances: Rs 47,800 pm
Apart from this, here are a few additional perks.
RBI Grade B Perks
- Local allowance: 5{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} of Basic Pay (maximum Rs 1300)
- Family allowance: 4{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} of Basic Pay (maximum Rs 1100)
- Grade allowance- starts after completion (End of probation): Rs 2250
- Special allowance- starts after completion (End of probation): Rs 2500
- Monthly reimbursements on your expense relating to: Educational (up to Rs 2000), Household (up to Rs 2000) and Telephone (up to Rs 800)
- Conveyance allowance: 30 liters extra petrol for all those living in Mumbai, Delhi, Chennai or Bangalore.
- Annual reimbursements: Medical- Rs 4000, Book Grant- Rs 4500, Briefcase- Rs 7000
Apart from the given perks, there is Furnishing of Residence Allowance, Life Insurance Coverage, Medical Insurance, Educational Leaves etc.
On an average, an RBI grade B officer can easily earn anywhere between 10 to 12 Lakhs in an year. Hence, all of these factors make RBI grade B job profile all the more desirable and attractive.
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