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Reserve Bank of India (RBI) conducts RBI Officer Grade B examination annually to select candidates for Grade 'B' (DR) - (General), Officers in Grade 'B' (DR) - DEPR, Officers in Grade 'B' (DR) – DSIM posts. The Pay Scale for the RBI grade B Officer is Rs. 35150-1750(9)-50900-EB-1750(2)-54400-2000(4)-62400. Apart from the basic pay candidates are also entitled to allowances and emoluments. The official notification for RBI Grade B recruitment is likely to be released in June. The application form will be made available after the release of notification. The recruitment exam is conducted in three Preliminary, mains and interview. To prepare for the exam, go through the syllabus, exam pattern, solve previous years'question papers and attempt mock test.

Thank you!!!

This is preparation way of my friend who cleared exam,

Initial period of preparation was hard as I had nobody to guide me but used information available on internet and things started looking clearer. After lots of struggle in managing job, study etc. it paid off in the end and I got selected as a Manager in the Reserve Bank of India with highest marks (got AIR 2 because marks being equal but age lesser than AIR 1).

The examination consists of 3 Phases.

Phase 1 -

This is the phase which highest number of candidates fail to clear. To clear this phase what you need is time management and practice. This Paper is for 200 marks with 4 sections. General awareness and Verbal reasoning have more weightage with 80 and 60 marks respectively. English and Quantitative Aptitude have weightage of 30 marks each. To score maximum marks I focused on my strengths which are GA & English and worked on my weaknesses which are VR & QA. Below are the sources of my preparation.

General Awareness - Used to read The Hindu (for preparation), Business Standard (out of interest). Glanced through current affair capsules available online.

English - Did not prepare specifically. The Hindu helped as well.

Verbal Reasoning - Reasoning lessons from various sources on internet. (Went through videos on YouTube for the topics I found hard). Appearing for online mock tests benefited a lot.

Quantitative Aptitude - Started with http://mrunal.org/aptitude. Used YouTube and other websites to practice where I was lagging.

I did not stick with a single source for preparation and used internet to work on weak areas. Online mock tests proved extremely useful to me. I attempted 20 mock tests in total for Phase 1. To take full advantage of mock tests I analyzed my mistakes and worked on it. Mock Tests also helps in learning to manage time in the exam.

Phase-2

Economic & Social Issues -

Being an engineer and with non-economics & non-finance background I started my preparation with NCERTs of 11th and 12th standard. After that I read Indian Economy by Ramesh Singh and watched Mrunal Patel’s Videos on Economics for Civil Services.

Other most important sources for this paper are Economic Survey of India and Budget of the respective year. I read Economic Survey cover-to-cover, it helped in gaining a perspective of economic situation of our country. Do not rely on any ready made summaries. This covers static part. I did not refer to any current affair magazine but used RBI website for reading speeches, bulletin, annual report etc. to be in touch of latest happenings.

For Social Issues part I read NCERT social science book [free download] and read topic wise from internet. This does not need heavy reading.

Finance & Management -

This paper is where we non-economics candidates face most problems. I allotted more time for preparation of this after Phase 1 was over and it paid off handsomely.

For theoretical part of Finance, I used the book on Indian Financial system Prof. Bharati V. Pathak (Pearson Publication).

Numerical asked in the exam caused a lot of pain to most of the candidates. I used only internet to prepare for numerical part. I knew basics of Balance Sheets etc due to my interest in stock market. For other things I used websites to learn on how to find Internal rate of return, Bond Yield, Coupon rate etc.

For management part I used various website by searching for each topic of management. Though it is mentioned in the notification from RBI that only basic questions will be asked from Management but I would say prepare in detail as paper did not have direct questions.

English -

Please note that this paper is to check your writing skills and not just your knowledge. This year 3 questions were asked 1 essay (40 marks), 1 precis writing (30 marks), 1 reading comprehension (30 marks). Reading comprehension did not have direct questions which can be answered directly from the given paragraph but they were easy. I did not prepare anything specifically for this paper. What I did was that before a day of exam I went through tips to write a good essay, a good precis writing.

Phase 3 (Interview) -

This is the most exciting part of the examination. It is normal to be nervous but try to enjoy this phase as you would be sitting along with people who has excelled in their field and who are highly respected. I went through basics before the date of my interview and did not read too much, it helped in keeping myself away from undue pressure.

Be relaxed and try to control your interview flow. Do not hesitate in admitting if you do not know the answer. The panel which interviewed this year was extremely cordial and did not try to put interviewee in stressful situation.

I planned my interview in my mind beforehand and it went in the flow as I expected. It was more of a discussion than question-answer.