RBI Grade B Exam

Comprehensive
Guide Book
Sta Your Successful Journey
 Preface

This comprehensive guide is your dedicated resource to help you navigate the challenges and excel in
the RBI Grade B examination. Crafted by experienced educators, the guide provides a wealth of
knowledge, such as syllabus, important topics, resources, cut-offs, job profiles, salary, benefits, and so
much more.

Without such knowledge, you may struggle to understand the detailed structure of the exam, including
the phases, subjects, and weightage of each section. This lack of clarity can lead to inefficient and
unfocused preparation which decreases your chances of cracking the exam. Moreover, you may end up
wasting your precious time and energy in finding the above-mentioned information. Also, there always
will be uncertainty about the source’s credibility from where you gathered the information.

This guidebook will provide you with all the necessary information that you’ll need to understand this
exam and RBI as an organization, such as:
• What to prepare?
• From where to prepare?
• What will be your role and responsibility in the RBI?
• What will be your Lifestyle as an RBI officer?
• How is the work culture of the RBI?

By diving deep into these aspects, this guidebook aims to equip you with a comprehensive
understanding of the exam and the associated professional journey, ensuring you approach the exam
well-prepared with confidence.

Whether you're a first-time aspirant or looking to enhance your preparation, this guide serves as your
roadmap to success. Best of luck on your journey to becoming an RBI Grade B officer.
 Table of Contents
Part A: Understanding the Exam Stages
Chapter 1: What is RBI?..................................................................................................................... 1-1

Chapter 2: History of RBI................................................................................................................... 2-2

Chapter 3: Functions of RBI............................................................................................................... 3-3

Chapter 4: Departments in RBI..........................................................................................................4-5

Part B: About RBI Grade B Exam

Chapter 5: Exam Stages.................................................................................................................... 6-6

Chapter 6: Pattern............................................................................................................................. 7-10

Chapter 7: Eligibility...........................................................................................................................11-12

Chapter 8: Syllabus and Important Topics.........................................................................................13-20

Chapter 9: Cut-Offs So Far.................................................................................................................20-24

Chapter 10: Is the Recruitment Regular?...........................................................................................24-24

Part C: About RBI Manager Job & Lifestyle

Chapter 11: What is the Training at RBI Like?................................................................................... 25-25

Chapter 12: Job Profile......................................................................................................................25-26

Chapter 13: Advantages of Working With RBI Over Other Sectors..................................................27-27

Chapter 14: Salary..............................................................................................................................27-28

Chapter 15: Other Allowances.......................................................................................................... 28-30

Chapter 16: Additional Perks and Benefits....................................................................................... 30-31

Chapter 17: RBI Grade B Officer's Lifestyle.......................................................................................32-32

Chapter 18: Promotions.....................................................................................................................33-33

Part D: Resources to Prepare for RBI Grade B Exam

Chapter 19: Resources for Phase 1....................................................................................................34-36
Chapter 20: Resources for Phase 2....................................................................................................36-38

Chapter 21: Resources for Phase 3 (Interview).................................................................................. 38-40

Part E: Our 6-Step Formula to Become an RBI Manager

Chapter 22: What is the 6-Step Formula?......................................................................................... 41-43

Part F: RBI Grade B Online Coaching

Author’s Note
What Next?
Part A
About RBI
 1

1 What is RBI?

The Reserve Bank of India (RBI) is the central bank that

controls, regulates, and operates the entire banking
system in the country.

RBI is responsible for regulating the nation's financial

system and hence ensures financial stability & public
confidence in the banking system.

The Bank is headed by the governor who is appointed by

the central government.

Having a clear picture of what RBI is can help you understand the foundational knowledge of the
organization you aspire to be a part of.

RBI is responsible only for printing the currency notes.

The minting of coins is done by the Government of
India.

Is RBI a Bank?
RBI is a Banker’s Bank. Why? Because it acts as a bank for all the commercial banks in India. RBI holds
their cash reserves and lends them short-term funds.

A normal person cannot open an account in RBI, and only Banks can open Current Accounts in RBI.
 2

2 History of RBI

The Reserve Bank of India was set up in Kolkata on April 1, 1935. Later on, it was moved to Mumbai in
1937. The Bank was set up based on the recommendations of the 1926 Royal Commission on Indian
Currency and Finance, also known as the Hilton Young Commission.

Originally, RBI was a shareholders’ bank (private entity). After nationalization in 1949, it became fully
owned by the Government of India.

Understanding the history of the RBI is crucial for you as it provides essential context and insights into
the institution's evolution, values, and contributions to the country's economic landscape. This
knowledge helps align you with the RBI's long-term objectives and enhances your ability to engage
meaningfully during interviews.

RBI acted as the central bank for two countries,

Myanmar and Pakistan, till 1947 & 1948, respectively.
 3

3 Functions of RBI

The Preamble of the Reserve Bank of India describes the basic functions of the Reserve Bank as:

"To regulate the issue of Bank notes and keeping of reserves with a view to securing monetary stability in India
and generally to operate the currency and credit system of the country to its advantage; to have a modern
monetary policy framework to meet the challenge of an increasingly complex economy, to maintain price stability
while keeping in mind the objec ve of growth."

Knowledge of the RBI's functions demonstrates a clear understanding of its core objectives. This
insight allows you to tailor your preparation, showcase your relevance to the RBI's mission, and
prepare for interviews more effectively. Let’s understand the role of RBI in the Indian economy.

Role of RBI in the Indian Economy:

Monetary Authority Regulator & Supervisor Issuer of Currency

RBI, being a monetary of the Financial System Issues, exchanges, and
authority, manages currency Supervises if the banks and destroys currency notes and
and money supply. other financial institutions are puts coins minted by the
doing the job assigned to Government of India into
them regarding financial circulation.
inclusion.

Manager of Foreign Banker to the Bankers' Bank

Exchange Government As the banker to banks, the
RBI facilitates external trade RBI sells and purchases Reserve Bank maintains
and payments and promotes government (central & state banking accounts of all
the orderly development both) securities on their scheduled banks.
and maintenance of foreign behalf.
exchange markets in India.

Developmental Role
Performs a wide range of
promotional functions to
support national objectives.
 4

4 Depa ments in RBI

Understanding the departments in the RBI is crucial for you as it provides essential insights into the
organizational structure, functions, and responsibilities. Each department within the RBI plays a specific
role in contributing to the overall functioning of the central bank. A comprehensive understanding of
these departments can help you to tailor your preparation for the interview, increasing your chances of
cracking the interview.

There are around 30 departments in RBI which we have explained below.

Major Departments in RBI and their Working in Brief:

• Depa ment of Economic and Policy Research (DEPR): It provides research inputs and
management information system (MIS) services for policy-related decision-making.

• Depa ment of Currency Management: It provides focused attention on the management of

currency notes and coins.

• Depa ment of Government and Bank Accounts(DGBA): It discharges the core central banking
function of being a banker to the government and banker to banks.

• Depa ment of Statistics and Information Management: Its major role is collection, processing
and analysis of data on banking, corporate and external sectors and modelling and forecasting
of important macro-economic indicators.

• Monetary Policy Depa ment: Its primary role is to maintain price stability while keeping in mind
the objective of growth. Price stability is a necessary precondition to sustainable growth.

• Foreign Exchange Depa ment: The objective is to facilitate external trade and payments and
promote orderly development and smooth conduct of foreign exchange market in India.

• FinTech Depa ment: FinTech is being used to denote the wide array of technological
innovations that have a bearing on financial services.

• Depa ment of Payment and Se lement Systems: The functions include policy formulation,
authorization, regulation, supervision and payment and settlement systems monitoring.
 5

• Internal Debt Management Depa ment: Major role of this department is to manage and
provide innovative and practical solutions for the government’s debt.

• Risk Monitoring Depa ment: Its major role is the implementation of Enterprise-wide Risk
Management System in the Reserve Bank.

• Depa ment of Supervision: The Department of Supervision carries out the mandate of
supervising all scheduled commercial banks (excluding Regional Rural Banks), Local Area Banks,
Payments Banks, Small Finance Banks, Credit Information Companies, Primary Urban
Cooperative Banks, NBFCs, Asset Reconstruction Companies, Factoring companies and All
India Financial Institutions (AIFIs) within the legal framework.
Part B
About RBI Grade B
Exam
 6

5 Exam Stages

The RBI Grade B exam is a 3-stage process - Phase 1, Phase 2, and Interview. You must clear all three
exam phases to complete your dream of working as a Grade B officer in the Reserve Bank of India.

Here are the three stages of the RBI grade B exam.

Stages of the RBI Grade B Exam

Phase 1 Phase 2 Interview

Online Exam Phase
Online Exam
Objective
Objective Type Psychometric Test
+
+
Descriptive Type
Interview

Having knowledge of the RBI Grade B Exam stages gives you clarity on the examination structure and
aids in effective preparation. It helps you develop a strategic study plan tailored to each phase,
allowing you to allocate time and resources efficiently, focusing on specific skills and subjects required
at each stage.

In the next pages, we'll explain the pattern of the Prelims (Phase 1), Mains (Phase 2), and Interview
stages to help you understand the subjects, marking scheme, and various other key components of
each stage. This comprehensive overview aims to provide valuable insights into the examination
process, enabling you to plan your preparation strategy effectively and navigate through each phase
with confidence.
 7

6 Pa ern

You must have a thorough understanding of the exam pattern for effective preparation. In this way, you
get familiar with the various components of the exam such as the subjects, sections, marking scheme,
duration, etc. So, let's take a closer look at the exam pattern.

Phase 1 Exam Pattern

Quantitative Reasoning
Aptitude Ability
RBI Grade B Phase
1 exam consists of
4 subjects:

General English
Awareness Language

Each subject has a different weightage and sectional timing which are given below.

RBI Grade B Phase 1 Pattern

[Link]. Subject No. of Questions Maximum Marks Total Duration

1 General Awareness 80 80 25 minutes

2 Reasoning 60 60 45 minutes

3 English 30 30 25 minutes

4 Quantitative Aptitude 30 30 25 minutes

Total 200 200 120 minutes

 8

Other Details of RBI Grade B Phase 1 Pattern

Total Marks 200

Total Number of Questions 200

Total Duration 2 Hours (120 minutes)

Negative Marking 0.25 (1/4th for every wrong answer)

Sectional Timing Yes (Details in the above table)

Mode Online (Computer Based Test)

Nature Qualifying

Language Hindi & English (Except the test of English)

Overall cut off marks are decided as per the

Overall Cut-Off Marks
calling ratio.

Sectional Cut-Off Marks Yes

Over 2 lakh individuals aspire to take the RBI Grade B Phase 1 for merely 200 to 250 vacancies each
year. This highlights the intense competition, emphasizing the need for rigorous preparation. To assist
you in this journey, we've curated a list of books and resources that align seamlessly with the exam
pattern and syllabus, sparing you the effort of navigating through numerous options. In this
guidebook, we have mentioned the best books and resources for Phase 1 on page no.33.
 9

Phase 2 Exam Pattern

The Phase 2 exam consists of 3 papers:

Paper 1 Paper 2 Paper 3

Economic and Social English General Finance &
Issues (ESI) (Writing Skills) Management (FM)

Each paper carries 100 marks. Out of which General Finance and Management, and Economic and
Social Issues contain 30 objective and 6 descriptive questions each. These subjects carry 50 marks each
for objective and descriptive questions. Whereas the English section contains only 3 questions with a
total of 100 marks.

RBI Grade B Phase 2 Pattern

Name of the No. of Total Total

[Link]. Type Time Limit Marks
Paper Questions Time Marks

50%
30 for Objective 30 minutes 50
Objective
Paper-I
1 120
Economic and 06 for 100
minutes
Social Issues 50% Descriptive, out
90 minutes 50
Descriptive of which 4 are to
be attempted

Paper-II
3 Questions
English 90
2 Descriptive (Precis, RC, & 90 minutes 100 100
(Writing Skills) minutes
Essay)

3 50%
30 for Objective 30 minutes 50
Objective
Paper-III
120
Finance and 06 for 100
minutes
Management 50% Descriptive, out
90 minutes 50
Descriptive of which 4 are to
be attempted
 10

Other Details of RBI Grade B Phase 2 Pattern

Total Marks 300

1/4th for every wrong answer, i.e.,

Negative Marking (Objective questions) 0.25 for 1 mark questions
0.50 for 2 mark questions

Mode Online (Computer Based Test)

Hindi & English for both objective and

Language descriptive papers
(Except for the test of English)

Cut-Off Marks Cut off marks are decided as per the calling ratio

Out of the 2 lakh applicants who appear for Phase 1 of the exam, only a mere 1% (15 times the
vacancies across all categories) of candidates get selected for Phase 2. The intense competition
underscores the need for proper resources; without them, clearing the exam becomes a tough nut to
crack. In this guidebook, we have mentioned the best books and resources for Phase 2 on page
no._35_.

Interview Phase

Only a few candidates (3.5 times the total vacancies across all categories) will be called for the
interview phase. Here is the interview process.

• Candidates need to undergo a Psychometric Test before appearing for the Interview.
◦ No marks are allotted for the Psychometric Test.
• After the psychometric test there is an interview of 75 marks.
• Candidate may opt for the interview either in Hindi or English

Final selection will be through a merit list which will be prepared by adding marks secured by
candidates in Phase 2 (Paper 1, 2, and 3) examination and interview.
 11

7 Eligibility

Understanding the eligibility criteria before applying for the exam is important as it ensures a seamless
application process and prevents unintentional disqualification. Without a clear understanding of these
criteria, you may unknowingly overlook certain requirements, leading to disqualification from the
selection process. This could result in losing a valuable opportunity and hinder your dream of
becoming an RBI officer. So, let's understand the eligibility criteria.

Eligibility criteria include two major categories:

1. Age
• Minimum Age limit is 21 Years
• Maximum is 30 years

1.1. Age Relaxation

There is some age relaxation for some specific categories.

RBI Grade B: Age Limit Relaxation

[Link]. Category Age Relaxation Upper Age Limit

1 General None 30

2 [Link]. Qualified 2 Years 32

3 Officers* 3 Years 33

4 Other Backward Castes (OBC) 3 Years 33

5 Ph.D. Qualified 4 Years 34

6 SC/ST 5 Years 35

7 Ex-Servicemen (including Military Services) 5 Years 35

8 Ex-Bank Employees** 5 Years 35

9 PwD (General/EWS) 10 Years 40

10 PwD (OBC) 13 Years 43

11 PwD (SC/ST) 15 Years 45

 12

*Candidates having experience as an officer in Scheduled Commercial Banks, Public Sector Insurance
Companies and All India Financial Institutions (AIFI) viz., Export-Import Bank of India (EXIM Bank),
National Bank for Agriculture and Rural Development (NABARD), National Housing Bank (NHB), Small
Industries Development Bank of India (SIDBI) and National Bank for Financing Infrastructure and
Development (NaBFID), as also prior experience in Reserve Bank of India.

** Ex-employees of banking institutions whose services had to be terminated for reasons of economy
or because of bank going into liquidation and personnel retrenched from Government Offices after at
least one year's service and currently registered with Employment Exchange.

***for detailed information, please refer to the latest RBI Grade B Notification on the official website:
[Link]

2. Educational Qualification
(General Stream) Graduation in any subject or professional qualification with a minimum of 60% marks
(50% for SC/ST/PwBD applicants) or Post-Graduation with a minimum of 55% marks (only pass marks
for SC/ST/PwBD applicants) in aggregate of all semesters/years.

*Please refer to the official RBI Grade B Notification for the educational qualification of specialized
streams.
 13

8 Syllabus and Impo ant Topics

A thorough understanding of the syllabus significantly impacts your preparation strategy and success in
the examination. It provides insights into the specific subjects and topics that will be evaluated. This
knowledge enables you to create a tailored study plan according to your strengths and weaknesses.

Below is the detailed syllabus of RBI Grade B Phases 1 and 2.

Phase 1 Syllabus
The official notification does not mention the detailed syllabus for RBI Grade B Phase 1. So, how will
you prepare for the exam? To make it easy for you, we have analysed the previous years' questions
(PYQs) to define the scope of the Phase 1 syllabus.

However, the extensive syllabus for Phase 1 can be challenging, especially given the limited time and
the concurrent need to prepare for Phase 2. To address this, we've identified important topics for each
section, enabling you to strategically focus your study efforts on areas that hold greater weightage.
This approach helps you optimize your preparation, ensuring a more targeted and effective strategy
amid the time constraints.

Reasoning Ability Important Reasoning Ability Topics

Here is the detailed reasoning ability syllabus: Here
We is the
have detailed
carefully reasoning
analysed ability syllabus:
the number of
• Alphabetical, Alphanumeric Series • Alphabetical,
questions Alphanumeric
asked from each topicSeries
of reasoning
• Coding & Decoding • the
in Coding & Decoding
past years. Based on our analysis, here
• Syllogism • the
are Syllogism
most important reasoning topics:
• Direction Sense •• Alphabetical,
Direction Sense
Alphanumeric Series
• Inequality •• Coding
Inequality
& Decoding
• Ranking •• Machine
Ranking Input Output
• Blood Relation •• Syllogism
Blood Relation
• Seating Arrangement •• Direction
Seating Arrangement
Sense
• Puzzles •• Inequality
Puzzles
• Machine Input Output •• Ranking
Machine Input Output
• Statement – Assumption •• Blood
Statement – Assumption
Relation
• Statement – Course of Action •• Seating
Statement – Course of Action
Arrangement
• Cause and Effect •• Puzzles
Cause and Effect
• Statement Argument • Statement Argument
• Statement Conclusion • Statement Conclusion
• Data Sufficiency • Data Sufficiency
 14

Quantitative Aptitude Important Quantitative Aptitude

Here is the detailed quantitative aptitude Topics
Here is the detailed reasoning ability syllabus:
syllabus: • have
We Alphabetical,
carefully Alphanumeric Series of
analysed the number
• Percentage • Codingasked
questions & Decoding
from each topic of
• Profit & Loss, Discount • Syllogismaptitude in the past years. Based
quantitative
• Ratio & Proportion • our
on Direction Sense
analysis, here are the most important
• Simplification • Inequality
quantitative aptitude topics:
• Simple & Compound Interest • Ranking
• Number Series
• Time & Work •• Blood Relation
Percentage
• Pipes & Cistern •• Seating
Profit Arrangement
& Loss
• Number Series & Number System •• Puzzles Equation
Quadratic
• Time, Speed, & Distance •• Machine
Time, Input
Speed, & Output
Distance
• Trains & Boats •• Statement – Assumption
Ratio
• Mixture •• Statement
Data – Course of Action
Interpretation
• Average • Cause and Effect
• Ages • Statement Argument
• Partnership • Statement Conclusion
• Area, Volume • Data Sufficiency
• Probability
• Data Interpretation & Data Sufficiency
• Quadratic Equation
• Quantity Comparison

English Syllabus Important English Topics

Here is the detailed English syllabus: Based on our analysis, here are the most
• Grammar important English topics:
• Error Spotting • Grammar
• Sentence Improvement ◦ Subject-Verb Agreement
• Comprehension Ability ◦ Tenses
• Comprehension passage ◦ Conditional Sentences
• Cloze Test ◦ Preposition
• Rearrangement ◦ Complex Preposition
• Para Jumbles ◦ Conjunction
• Double Fillers ◦ Advance Verbs
• Vocabulary – Synonyms, Antonyms, One- • Reading Comprehension
word Substitution, and Phrasal Verbs • Cloze Test
• Double Fillers
• Sentence Improvement
 15

General Awareness (GA) Syllabus

GA is divided into 2 parts, static and current affairs, and their weightage in the exam is 10-15 marks
and 65-70 marks, respectively. The following topics are most frequently asked from the general
awareness section:

Current GA Syllabus Static GA Syllabus

• National News: MoUs, summits and major • Chief Ministers and Cabinet Ministers
events related to India. • National Parks and Sanctuaries
• International: Summits and conferences • Airport Locations, Stadiums
held abroad. • Organisations' Headquarters
• Financial & Economics News • Banks' Headquarters and Taglines
• Financial Awareness: RBI and SEBI • Power Plants in India
Notification and Regulations • Indian Dance Forms
• Defence: Military exercises, drills and • Countries Capitals and their Currencies
major updates related to the defence • Important Days
sector of India
• Days in News: Major events or days, along
with its date and theme
• Persons in News: Obituaries,
appointments, retirements
• Sports: Major tournaments and its winners
• Science, Technology and Space
• Awards and honours
• Environment
• Banking, Economy related news
• Reports and Government Schemes
• Books and Authors

Important General Awareness Topics

General awareness questions can be asked from any of the above-mentioned topics. Therefore,
it's essential to regularly follow reputable newspapers, news websites, official government
portals, and magazines to stay informed about these current affairs topics.
 16

Phase 2 Syllabus
Similarly, we've also identified the subject-wise important topics for Phase 2, allowing you to
strategically focus your study efforts on areas that hold greater weight in terms of marks.

Economic and Social Issues (ESI)

Here is the detailed ESI syllabus:
• Growth and Development – Measurement of growth: National Income and per capita income –
Poverty Alleviation and Employment Generation in India – Sustainable Development and
Environmental issues.
• Indian Economy – Economic History of India - Changes in Industrial and Labour Policy, Monetary
and Fiscal Policy since reforms of 1991 – Priorities and recommendations of Economic Survey and
Union Budget – Indian Money and Financial Markets: Linkages with the economy – Role of Indian
banks and Reserve Bank in the development process - Public Finance - Political Economy -
Industrial Developments in India- Indian Agriculture - Services sector in India.
• 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; International Economic Issues
• Social Structure in India – Multiculturalism – Demographic Trends – Urbanisation and Migration –
Gender Issues.

Important ESI Topics (Objective)

Here are the most important topics for the ESI objective:
1. Measurement of Growth
2. Fiscal Policy
3. Monetary Policy
4. Balance of Payment
5. Poverty Alleviation & Employment Generation
6. Sustainable Development & Environmental Issues
7. Industrial & Labour Policy, Industrial Development
8. International Economic Institutions
9. Current Affairs
◦ Reports
◦ Schemes
◦ Union Budget
◦ Economic Survey
 17

Important ESI (Subjective)

Here are some of the important chapters based on the previous years' question papers analysis:
• Growth and Development – Poverty Alleviation and Employment Generation in India –
Sustainable Development and Environmental Issues.
• Indian Economy –Monetary Policy– Priorities and Recommendations of Economic Survey and
Union Budget – Industrial Developments in India- Indian Agriculture.
• Globalization –Export-Import Policy
• Social Structure in India – Multiculturalism – Demographic Trends – Urbanisation and
Migration – Gender Issues – Social Justice; Positive Discrimination in favour of the
underprivileged – Social Movements – Indian political System – Human Development – Social
Sectors in India, Health and Education.

Descriptive English Syllabus

There is no defined syllabus for Descriptive English, but as per the paper scheme, 3 questions are
asked. These 3 questions are asked under the following topics-
Essay: An essay is asked to be drafted out of 4-5 options (about 400 words).
Precis Writing: Precis writing is to be done in about 140 words.
Reading Comprehension: 4-5 questions based on reading comprehension are asked.

Important Descriptive English Topics

Descriptive English questions can be asked from any of the above-mentioned essay topics.
Therefore, it's essential to cover ESI and Finance and Management syllabus and regularly follow
reputable newspapers, news websites, official government portals, and magazines to stay
informed about these current affairs topics.

Finance and Management Syllabus

Here is the detailed General Finance and Management syllabus:

a) Financial System
1. Structure and Functions of Financial Institutions
2. Functions of the Reserve Bank of India
3. Banking System in India – Structure and Developments, Financial Institutions – SIDBI, EXIM Bank,
NABARD, NHB, NaBFID etc.
4. Recent Developments in the Global Financial System and its Impact on Indian Financial System
5. Role of Information Technology in Banking and Finance
6. Non-Banking System
7. Developments in Digital Payments
 18

b) Financial System
1. Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.), functions, instruments, and
recent developments.

c) General Topics
1. Financial Risk Management
2. Basics of Derivatives
3. Global financial markets and International Banking – broad trends and latest developments
4. Financial Inclusion
5. Alternate source of finance, private and social cost-benefit, Public-Private Partnership
6. Corporate Governance in the Banking Sector
7. The Union Budget – Concepts, approach and broad trends
8. Basics of Accounting and Financial Statements - Balance Sheet, Profit and Loss, Cash Flow
Statements, Ratio Analysis (such as Debt to Equity, Debtor Days, Creditor Days, Inventory Turnover,
Return on Assets, Return on Equity, etc.)
9. Inflation: Definition, trends, estimates, consequences and remedies (control): WPI- CPI -
components and trends; striking a balance between inflation and growth through monetary and
fiscal policies.

• d) Management
• Fundamentals of Management & Organizational Behaviour: Introduction to management;
Evolution of management thought: Scientific, Administrative, Human Relations and Systems
approach to management; Management functions and Managerial roles; Nudge theory

• Meaning & concept of organizational behaviour; Personality: meaning, factors affecting personality,
Big Five model of personality; concept of reinforcement; Perception: concept, perceptual errors.
Motivation: Concept, importance, Content theories (Maslow's need theory, Alderfers' ERG theory,
McCllelands' theory of needs, Herzberg's two factor theory) & Process theories (Adams equity
theory, Vrooms expectancy theory).

• Leadership: Concept, Theories (Trait, Behavioural, Contingency, Charismatic, Transactional and

Transformational Leadership; Emotional Intelligence: Concept, Importance, Dimensions. Analysis of
Interpersonal Relationship: Transactional Analysis, Johari Window; Conflict: Concept, Sources,
Types, Management of Conflict; Organizational Change: Concept, Kurt Lewin Theory of Change;
Organizational Development (OD): Organisational Change, Strategies for Change, Theories of
Planned Change (Lewin's change model, Action research model, Positive model).

• Ethics at the Workplace and Corporate Governance: Meaning of ethics, why ethical problems
occur in business. Theories of ethics: Utilitarianism: weighing social cost and benefits, Rights and
duties, Justice and fairness, ethics of care, integrating utility, rights, justice and caring, an
 19

alternative to moral principles: virtue ethics, teleological theories, egoism theory, relativism theory,
Moral issues in business: Ethics in Compliance, Finance, Human Resources, Marketing, etc. Ethical
Principles in Business: introduction, Organization Structure and Ethics, Role of Board of Directors,
Best Practices in Ethics Programme, Code of Ethics, Code of Conduct, etc.
• Corporate Governance: Factors Affecting Corporate Governance; Mechanisms of Corporate
Governance
• 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.

Important Finance and Management Topics

Based on our analysis, here are the most important Finance and Management topics:

Finance (Objective) Finance (Subjective)

Here are the most important topics for Here are some of the important chapters
finance objective: based on the previous years' question papers
1. Primary and secondary markets (Forex, analysis:
Money, Bond, Equity, etc.), functions, • Recent Developments in the Global
instruments, and recent developments. Financial System and its Impact on Indian
2. Risk Management in the Banking Sector Financial System
3. Inflation: Definition, trends, estimates, • Global financial markets and International
consequences and remedies (control): Banking – broad trends and latest
WPI- CPI - components and trends; developments
striking a balance between inflation and • Financial Inclusion
growth through monetary and fiscal • Alternate source of finance, private and
policies social cost-benefit, Public-Private
4. Basics of Derivatives Partnership
5. Functions of the Reserve Bank of India • Corporate Governance in the Banking
6. Monetary and Fiscal Policy Sector, the role of e-governance in
7. Who Regulates What? (Regulator of Banks addressing issues of corruption and
and Financial Institutions) inefficiency in the government sector.
8. Current Affairs:
◦ RBI Notification (Past 6 months)
◦ News related to SEBI - Capital Markets
◦ News Related to Ministry of Finance
◦ Union Budget
 20

Management (Objective) Management (Subjective)

Here are the most important topics for Here are some of the important chapters
management objective: based on the previous years' question papers
1. Motivation analysis:
2. Leadership • Leadership
3. Communication • Communication
4. General Management • General Management
5. Emotional Intelligence • Organizational Change & Reinforcement
6. Personality and Perception • Corporate Governance
7. Conflict • Ethics
8. Organizational Change and Reinforcement
9. Corporate Governance
10. Ethics

9 Cut-O s So Far

Analyzing the previous years' cut-offs is paramount for you as it offers valuable insights into the level of
performance required for a competitive edge. Armed with this knowledge, you can identify trends and
prioritize high-scoring sections to tailor your preparation strategically.

Below, we have mentioned the RBI Grade B cut-off marks from 2018 to 2023.

Cut-Off Marks

Phases 2024* 2023* 2022* 2021-20 2019

General

Phase 1 67.25 54.25 63.75 66.75 122

Phase 2 173.50 169.00 171.25 187.75 193.25

Final 226.75 229.75 234.50 252.25 238.25

 21

EWS

Phase 1 67.25 54.25 63.75 66.75 122

Phase 2 173.50 169.00 171.25 187.75 193.25

Final 206.00 194.00 187.50 241.25 197.00

OBC

Phase 1 65.00 54.25 60.25 63.75 115.50

Phase 2 169.00 169.00 167.00 167.50 188.00

Final 218.00 221.75 223.00 212.25 215.50

SC

Phase 1 58.00 52.75 55.25 53.50 108

Phase 2 165.00 156.50 150.50 166.75 172.25

Final 212.25 213.75 202.50 205.25 206.50

ST

Phase 1 54.00 44.75 50.75 52.75 108

Phase 2 161.50 148.50 150.25 187.75 172.25

Final 214.50 203.25 179.00 218.25 194.00

 22

PwBD (OH/HI/VH/MD)

Phase 1 53.25 40.25 49.75 52.75 108

166.75(HI, 172.25 (HI, LD,

Phase 2 152.50 148 150.25 LD, MD) MD)
169.75(VI) 176.75 (VI)

200.50 (Gen)
202.75(Gen) 208.25 (Gen)
191.75 (OBC) 196.75 (OBC)
Gen 226
167.75(EWS) 176.25 (SC) Gen 215.75
Final 186.00 (SC)
OBC 223.75
SC, ST and OBC EWS & ST in OBC 194.75
EWS & ST in in PwBD not PwBD not
PwBD not qualified qualified
qualified

*Please note that from 2021-20 onwards, the total marks for Phase 2 and the Interview have been
revised to 375, whereas, before that, they were 350.

Now let’s take a look at the sectional cut-off over these years. Understanding sectional cut-off provides
insight into the specific level of preparation required for each subject, especially considering that
Phase 1 is a qualifying stage. This knowledge empowers you to allocate your study time strategically,
ensuring that you focus on areas where improvement is essential, thereby enhancing your overall
performance.

Phase 1 Sectional Cut-Off Marks

Subjects 2024 2023 2022 2021-20 2019

General

GA (80) 20 12 12 16 20

Quant (30) 7.5 4.5 4.5 6 7.5

English (30) 7.5 4.5 4.5 6 7.5

Reasoning (60) 15 9 9 12 15

Total (200) 67.25 54.25 63.75 66.75 122

 23

EWS

GA (80) 20 12 12 16 20

Quant (30) 7.5 4.5 4.5 6 7.5

English (30) 7.5 4.5 4.5 6 7.5

Reasoning (60) 15 9 9 12 15

Total (200) 67.25 54.25 63.75 66.75 122

OBC

GA (80) 16 8 8 12 16

Reasoning (60) 12 6 6 9 15

English (30) 6 3 3 4.5 6

Quant (30) 6 3 3 4.5 6

Total (200) 65 54.25 60.25 63.75 115.50

SC

GA (80) 14.25 6.25 6.25 10.25 14.25

Reasoning (60) 10.75 4.75 4.75 7.75 10.75

English (30) 5.25 2.25 2.25 3.75 5.25

Quant (30) 5.25 2.25 2.25 3.75 5.25

Total (200) 58 52.75 55.25 53.50 108

 24

ST

GA (80) 14.25 6.25 6.25 10.25 14.25

Reasoning (60) 10.75 4.75 4.75 7.75 10.75

English (30) 5.25 2.25 2.25 3.75 5.25

Quant (30) 5.25 2.25 2.25 3.75 5.25

Total (200) 54 44.75 50.75 52.75 108

PwBD (OH/HI/VH/MD)

GA (80) 14.25 6.25 6.25 10.25 14.25

Reasoning (60) 10.75 4.75 4.75 7.75 10.75

English (30) 5.25 2.25 2.25 3.75 5.25

Quant (30) 5.25 2.25 2.25 3.75 5.25

Total (200) 53.25 40.25 79.75 52.75 108

10 Is the Recruitment Regular?

As per the data, for the past 12 years, we have seen the notification of RBI Grade B every year, apart
from 2020 (during the pandemic). But then RBI clubbed the vacancies of 2020 & 2021 together, and in
2021, the application was called against 270 seats. Also, in 2022, RBI announced 238 vacancies, 222
for 2023, and 66 for 2024.

From the past trends, it is clear that RBI Grade B is a regular recruitment, and there is a high chance
that RBI will release a notification for Grade B officers in 2025. To stay updated, you should keep an
eye on the official RBI website for any RBI Grade B notification announcement.

Is There Another Way to Join the RBI?

As you already know, qualifying the RBI Grade B exam allows you to join the organization as a
manager. Another opportunity to enter the RBI is through the RBI Assistant exam; however, this is
exclusively for Support Staff and not for Officer Rank positions.
Part C
About RBI Manager Job
& Lifestyle
 25

11 What is the Training at RBI Like?

Upon successfully clearing the RBI Grade B examination, you will undergo a rigorous and
comprehensive training program as part of your induction into the RBI. The training is designed to
equip you with the knowledge, skills, and expertise required for your roles.

RBI Training Establishments

Four, namely, RBI Academy, College of Agricultural Banking, Reserve Bank of India Staff College and
College of Supervisors are part of the Reserve Bank.
Other autonomous, such as the Institute for Development and Research in Banking Technology
(IDRBT).

Training Duration
• The duration of induction training is around 10 to 15 weeks.
• Probation period: 2 years from the date of joining.
• You are entitled to full salary and perks as soon as you join RBI, i.e., as soon as the training is
started, you get the full salary from that very month.

12 Job Pro le

The job profile of a Manager at RBI depends on the department in which he/she is posted. Kindly refer
to page no. 4 for more details on the major departments in RBI and their functions.

Understanding the job profile is essential to get insights into the responsibilities, duties, and
expectations associated with the role. It allows you to make informed decisions about whether the
position aligns with your professional aspirations, ensuring a well-informed and strategic approach to
pursuing a career as an RBI Grade B officer.

Here are some general roles and responsibilities of a manager at RBI.

 26

Job Role/Responsibilities of Manager at RBI

Regulation, Supervision and Enforcement

1 Policy formulation, onsite and offsite supervision, risk

supervision and data analysis.

Financial Markets & Foreign Exchange

2 Financial markets regulation and development, conducting

auctions on behalf of Central and State Governments, etc.

Financial Inclusion & Currency Management

3 Demand-supply analysis of currency in circulation, policy work

related to opening of current accounts, acting as Lead District
Officer for Lead Bank Schemes in Regional Offices, etc.

Monetary Policy, Research & Financial Stability

4 Providing technical inputs to the Monetary Policy Committee,

research on macroeconomic issues and primary statistics and
indicators, research-oriented work, etc.

Governance, HR, Support & Customer Service

5 Evolving and Implementing policies on Recruitment, Placement,

Promotions, etc., overseeing grievance redressal mechanisms,
providing inputs for strategy framework, etc.
 27

13 Advantages of Working With RBI Over Other Sectors

RBI itself says, “Life with RBI is not just another career. It's a commitment.
Commitment to serve the Nation, where your decisions make an impact on
the way the economy and the financial sector in the country evolves.”

Recognizing these advantages helps you assess the alignment of your career goals and aspirations with
the offerings of the RBI.

Listed below are the advantages of working at RBI:

• You get an opportunity to work on a wider canvas of operations and are involved in formulating
policies with nationwide implications.
• You get to be a member of a team that shapes the financial policies. You work with the
government, international organizations and top-level financial minds to contribute to thinking on
global best practices.
• You initiate and monitor reforms and changes in India's financial environment and manage an
economy in transition. Your job offers the challenge of driving a nation on the move.
• You get an opportunity to interact with some of the brightest minds across sectors of the economy
and across the globe. In domestic seminars and conferences, you represent your institution;
internationally, you represent your country.
• Your everyday job can make a difference to a farmer, a small entrepreneur, an exporter, an industry,
a financial entity, or even a common man.

14 Salary

Knowing the salary details helps you evaluate the overall compensation package, including basic pay,
allowances, and benefits. This information is crucial for financial planning and determining the
attractiveness of the job in comparison to other opportunities. It allows you to make informed
decisions about your career choices, ensuring that the compensation aligns with your lifestyle and
financial goals.

Once selected, you (as an RBI Grade B officer) start with a basic salary of ₹55,200 per month with
yearly increments. In addition, you are eligible for various allowances such as Special Allowance,
 28

Grade Allowance, Dearness Allowance, Local Compensatory Allowance, and House Rent Allowance,
per the prevailing regulations. These allowances contribute to your overall earnings. Now, let’s
understand your CTC and how much you’ll get in hand.

CTC
Officers recruited for Grade B posts are entitled to one of the highest pay packages and allowances
available to government employees. Currently, the annual CTC of a Manager at RBI is around
₹28 lakhs/annum.

In-Hand Salary
After all the deductions, such as NPS, your in-hand salary comes out to be approximately
₹15 lakhs/annum.

You may be under the impression that the in-hand salary is nearly half of the CTC. However, it's
important to consider additional allowances that are provided on a monthly and yearly basis,
depending on the specific allowances applicable to the role.

15 Other Allowances

As an RBI manager, you will get some allowances monthly that sum up to around ₹12 lakhs per annum
and some allowances on an annual and biennial basis, which constitute an amount of ₹2 lakhs per
annum. All the allowances together total up to ₹14 lakh per annum. Below, we have explained monthly
and yearly allowances in detail.

Monthly Allowances

Your salary as an RBI Grade B officer includes various monthly allowances in addition to basic pay,
making it an attractive salary package. These allowances include household, internet, landline, and
more, contributing to comprehensive financial support for RBI officers. Let's understand the specifics
of these monthly allowances:
 29

RBI Grade B Salary: Monthly Allowances

Monthly Yearly
[Link]. Component Remarks
(in Rs.) (in Rs.)

200 litres per month in Mumbai.

180 litres per month in Delhi, Chennai,
1 Petrol Allowance 20,000 2,40,000 Kolkata, Hyderabad, Bengaluru, and
Ahmedabad.
150 litres per month in other cities.

Household
2 5,000 60,000
Allowance

3 Internet 2,000 24,000

4 Landline 1,386 16,632 Landline Bill needed

5 Newspaper 917 11,004

Equipment
6 500 6,000
Maintenance

7 HRA 60,000 7,20,000 On the actual lease amount

Only if you have children. 7000 per month

Children
8 7,000 84,000 for max 2 children
Education

It can be used for food in the canteen or

9 Sodexo Coupon 3,600 43,200 stores like Big Bazaar. Paid Quarterly

12 Lakhs
Total 1,00,403
(approx.)

Apart from these monthly allowances, you are also entitled to receive annual allowances.
 30

Annual Allowances
Annual allowances are additional financial provisions that RBI provides to its officers yearly, beyond
their regular salary. These allowances cover various aspects contributing to your professional and
personal growth. Here are the details of the annual allowances:

Annual Allowances

Yearly
[Link]. Component Remarks
(in Rs.)

1 Book grant 8,000

2 Medical on Declaration 13,000

3 Briefcase 6,500

4 Furniture 40,000 2 lakhs given once every 5 years

Given as 13,000 once in 2 years. Also given to

5 Spectacles Allowance 13,000
spouses separately. Bills need to be produced

1,24,000 per person once in 2 years for a max

6 LFC 1,24,000
of 4 dependent people

Total 1,98,000

By adding all these components, i.e., salary (₹14 Lakhs per year), monthly allowance (₹12 Lakhs per
year), and annual allowance (₹2 Lakhs per year), you'll get approx. ₹28 Lakhs per annum.

16 Additional Perks and Bene ts

The benefits of working as an RBI Grade B officer do not end here. Besides salary and allowances, you
will enjoy various perks and benefits as a manager in the RBI. Being aware of the additional perks and
benefits impacts your financial planning, aids in assessing total compensation, influences lifestyle
considerations,and contributes to job satisfaction.
 31

Golden Jubilee Scholarship Program

As an RBI manager, you can get financial assistance to pursue higher studies or specialised courses
in the best universities in the world, such as:
• Oxford University
• Stanford University
• Princeton University

This scholarship is a form of support the RBI Officers' Co-operative Credit Society (ROCCS) provides
to encourage and facilitate educational pursuits among Grade B officers. It helps cover a portion of
your educational expenses, reducing the financial burden, and enabling you to enhance your skills
and knowledge for professional growth.

Important Note:
Officers availing of this opportunity must serve a bond period after passing out.

Holiday Homes
The holiday homes scheme allows you, as an RBI officer, to enjoy subsidised accommodation
during your vacations or leisure trips. It includes a vast network of holiday homes in popular
tourist destinations across India, such as Shimla, Panchgani, Shillong, Gangtok, Puri, Ladakh, etc.
Here you’ll get access to quality holiday accommodations at reasonable rates, which is 100 per
room night.

Canteen Facilities
Canteen facilities are available to ensure you can access subsidised meals and refreshments at
work or within the residential premises.

Sports/Gym Facilities
You will get access to various sports and gym facilities. It helps you engage in regular physical
activities to promote a healthy and active lifestyle.

Annual Party
RBI organises an annual party for Grade B officers to foster team bonding and boost employee
morale through celebration and camaraderie.
 32

17 RBI Grade B O cer's Lifestyle

Given its stature as a large organization, working at RBI is not as tough as one might think. In fact, life
at RBI is characterised by several positive aspects that contribute to a satisfying and balanced work-life
experience.

Understanding the lifestyle of an RBI Grade B Officer helps you in making informed career decisions,
adapting to job demands, ensuring a good quality of life, strategizing for personal and family
considerations, and enhancing overall career satisfaction.

Peaceful Work Environment

RBI provides a peaceful work environment. Since there are no public dealings or sales targets to
meet, the pressure associated with customer-facing roles is absent. This contributes to a more
peaceful work setting.

Favourable Work-Life Balance

RBI strongly emphasizes maintaining a healthy work-life balance for its employees. Unlike some
commercial banks that often demand longer working hours, RBI follows a 5-day work week
policy, [Link] to Friday, ensuring you have ample personal time.

Corporate-Like Work Environment

The work atmosphere at RBI is akin to a corporate setup. This means the office premises are well-
maintained, and the organisational culture encourages professionalism and a collaborative spirit
among employees.
 33

18 Promotions

The promotions structure provides you with a roadmap for career advancement, serving as a
motivational factor. Promotions at RBI are dependent on the vacancies of the higher posts and you will
also have to undergo an internal examination to get the promotions. Usually, the promotion can be
expected within 3 to 5 years.

RBI offers ample opportunities for promotions and career growth.

• First, you must qualify the RBI Grade B exam to secure a position as a Manager.
• Once on board, your career progression within the RBI begins, climbing through various positions
from Manager to the highest post of Deputy Governor or even Governor.

Here's an overview of the promotion hierarchy for RBI Grade B officers:

RBI Grade B Promotions

[Link]. Duration Designation

1 - RBI Assistant / Support Staff

2 - Assistant Manager (Grade A)

3 You’ll join here Manager (Grade B)

4 After 7 Years Assistant General Manager (Grade C)

5 After the Next 4 Years Deputy General Manager (Grade D)

6 After the Next 4 Years General Manager (Grade E)

7 After the Next 4 Years Chief General Manager (Grade F)

8 After the Next 4 Years Principal Chief General Manager (Grade G)

9 Based on Experience Executive Director

10 Appointed by the Government of India Deputy Governor

11 Appointed by the Government of India Governor

Part D
Resources to prepare
for RBI Grade B Exam
 34

19 Resources for Phase 1

In the above section of this guidebook, we have explained the exam pattern, syllabus, and the most
important topics. Now, the question arises from where you can cover the syllabus and the important
topics. So, to make it easy for you, we have mentioned the most important books and other resources
from which you can cover your entire syllabus.

Books for Phase 1

Subject Books Author Publisher Buy Here

How to Prepare for

Arun Sharma McGraw Hill Edge Buy Online
Quantitative Aptitude for CAT

Quantitative
Aptitude
Quantitative Aptitude for Buy Online
R.S. Agarwal Oswal Publishers
Competitive Examinations

A Modern Approach to Verbal S Chand Buy Online

R.S. Agarwal
and Non-Verbal Reasoning
Reasoning
Ability
Analytical Reasoning M.K. Pandey Bsc Publishing Buy Online

Objective General English S.P. Bakshi Arihant Publications Buy Online

English

Word Power Made Simple Norman Lewis Penguin India Buy Online

Banking Awareness for SBI and

IBPS Bank Clerk/PO/RBI - Disha Publication Buy Online
Exams/RRB
General
Awareness
Banking Awareness - Arihant Publication Buy Online
 35

Books alone may not be sufficient for your preparation; it is essential to complement your subject-
specific books with additional resources for a comprehensive and effective overall preparation.

Other Resources for Phase 1

Subject Topic Videos PDFs

Quadratic Equation Watch Now Download PDF

Simplification & Number Series Watch Now Download PDF

Data Interpretation Watch Now Download PDF

Quantitative
Profit Loss & Interest Watch Now Download PDF
Aptitude

Time & Work Watch Now Download PDF

Time, Speed, & Distance Watch Now

Other Topics and MCQs Watch Now

Syllogism Watch Now Download PDF

Inequality and Ranking Watch Now Download PDF

Coding & Decoding + Input-Output Watch Now Download PDF

Reasoning Ability Direction Sense Watch Now Download PDF

Blood Relation Watch Now Download PDF

Puzzles Watch Now Download PDF

Reasoning Shortcuts Watch Now

English Lecture 1 Watch Now Download PDF

English Lecture 2 Watch Now Download PDF

English
Part of Speech, Basics of English,
Grammar, Noun, Pronoun, Common vs.
Proper Noun, Common vs. Proper Watch Now
Pronoun, Verbs, Helping Verbs, Adjective,
Adverbs, etc.
 36

General Awareness
General awareness includes the majority of current affairs, which get updates constantly, even as we
talk. So, to make it easy for you, we provide FREE live YouTube classes to help you stay updated on
the current affairs for Phase 1 and 2.

Name of Current Affairs Frequency Live Session

[Link]. Days Allotted Link
Series Topic of Sessions Timing

GA+ ESI Current

3 Days per Tuesday,
Affairs
1 CT 360 Week Thursday, and 5.00 PM Watch Now
(Phase 1 & 2)
Saturday

Finance Current
Finance360 Monday,
Affairs 3 Days per
2 Wednesday, 10.00 AM Watch Now
(Phase 1 & 2) Week
and Friday

Perspective36 Issue based Current

Monday,
0 Affairs 3 Days per
3 Wednesday, 5:00 PM Watch Now
(Phase 2) Week
and Friday

Other Resources for GA and Current Affairs

Static GK Reports Schemes Finance ESI Current RBI

Current Affairs Notifications
The Hindu The Hindu Press Information
ePaper ePaper Bureau Affairs
The Hindu RBI Website
Government of Livemint ePaper
India

20 Resources for Phase 2

If you are planning to start your Phase 2 preparation after being done with Phase 1, let us stop you
right there and tell you that your preparation is going in the wrong direction. The syllabus for Phase 2
is vast, and it is not possible to cover all aspects completely in just the 3 weeks between Phases 1 and
2.
 37

Therefore, it is recommended to start your Phase 2 preparation simultaneously with Phase 1. So that
by the time you are done with Phase 1, you are already prepared for Phase 2. All you need to do is to
revise the syllabus. Below are the important books and resources for the Phase 2 preparation.

Books for Phase 2

Subject Books Author Publisher Buy Here

Principles of Practices of Macmillan Macmillan Publishers

Buy Online
Banking Education India Pvt. Ltd.

Macmillan Publishers
Finance Bank Financial Management IIBF Buy Online
India Pvt. Ltd.

R.P. Rustagi Taxmann Publications Buy Online

Financial Management
Private Limited

Principles and Practice of

L.M. Prasad Sultan Chand & Sons Buy Online
Management

Management Organizational Behaviour L.M. Prasad Sultan Chand & Sons Buy Online

Business Ethics and B.N Ghosh McGraw Hill Buy Online

Corporate Governance Education

Indian Economy Ramesh Singh McGraw Hill Buy Online

Economy
V.K. Puri,
Himalaya Publishing
Indian Economy S.K. Misra, Buy Online
House
Bharat Garg

Social Problems in India Ram Ahuja Rawat Buy Online

Social Issues Sociology: Principles Of

Sociology With An C.N. Shankar Rao Buy Online
S Chand
Introduction To Social
Thoughts

It is not recommended to buy any separate books for descriptive English as this part only
Descriptive
tests your writing skills. You should read finance and banking-related articles in magazines
English
and newspapers to improve your writing skills.

Much like Phase 1, relying solely on books for preparation leaves you incomplete; you also require
additional resources for a thorough overall preparation.
 38

Other Resources for Phase 2

You must complement your preparation with these mentioned resources for an overall preparation.

Static GK Reports Schemes Finance ESI Current RBI

Current Affairs Notifications
The Hindu The Hindu Press Information
ePaper ePaper Bureau Affairs
The Hindu RBI Website
Government of Livemint ePaper
India

21 Resources for Phase 3 (Interview)

Interview is the last stage standing between you and your dream job—an RBI Manager, so don’t take it
lightly. Candidates have scored as low as 4 marks, explaining its toughness, and as high as 73,
explaining that it is achievable. Below, we have explained how to prepare for your interview.

How to Prepare for the Interview?

The candidate selected for the interview is well-versed in written exams, but at this stage, people often
become clueless, so we have come up with these 4 pillars to help you clear your interview like a pro.

Biodata Functions and Static Current

Form Working of RBI Knowledge Affairs
 39

You must complement your preparation with these mentioned resources for an overall preparation.

1. Biodata Form
Generally, the information asked in the biodata form includes-

• Family background
• Educational background
• Work Experience
• Your hobbies

The best way to cover major aspects of your biodata form is to prepare around 100 questions out of it,
covering all the information that you have provided. You can discuss these questions and their answers
with family and friends to get different perspectives. In short, you should be thorough with the
information that you have provided in the biodata form.

2. Functions and Working of RBI

You must know about the organization you want to be a part of. Familiarity with the RBI's operations
enables you to respond thoughtfully to questions, showcasing your ability to make decisions within the
broader economic and financial context.

To cover these questions, you may refer to the About Us section of the Reserve Bank’s website–
[Link]

3. Static Knowledge
A few questions can be asked from a static portion of your syllabus to test your basic understanding of
the Indian Economy and Financial system. Since you've already covered the static part in Phases 1 and
2, you need to revise that for your interview. Here are some important topics.
• Inflation
• Indian Economy & Reforms
• Monetary Policy and Fiscal Policy
• Risk Management / Non-performing Assets
• FinTech / Payment and Settlement system
• Financial Inclusion
• Corporate Governance

4. Current Affairs
Current Affairs is something that will always come to your rescue. You have been referring to it even
before the Phase 1 exam. However, for the interview, you should restrict your preparation to the
 40

events and happenings related to finance/economy or, precisely, News relevant to RBI. A few examples
include:

• RBI Notifications (mainly regulations)

• RBI Annual Report
• Financial Stability Report (FSR)
• Report on Trends & Progress of Banking System in India
• Economic Survey and Union Budget
• News Papers – Live Mint and Economic Times

Covering the above-mentioned resources 4 to 6 months prior to the interview date will be sufficient. It
is not required to remember everything by heart, but you should have a fair idea of these reports &
surveys, as well as the landmark changes brought about by RBI.

The RBI Grade B interviews are held at any of the 4 zonal offices of
RBI, i.e. Mumbai, New Delhi, Chennai and Kolkata.

Who Takes the Interview?

The RBI Services Board decides the panel for the interview of RBI Grade B, which usually consists of
very senior bank officials. The interview panel is headed by a Chairperson who is mostly of the
Executive Director rank. The panel's other 3–4 members are of CGM/Regional Director level.
Part E
Our 6-Step Formula to
Become an RBI Manager
 41

22 What is the 6-Step Formula?

Set a
Clear Goal #1
Always remember that when goals are vague, outcomes are vague. So does it mean that you must set
only 1 clear goal of cracking the RBI Grade B examination?
You may. Nothing wrong with it.

However, we recommend following a Plan A and Plan B approach. And no, Plan B here does not mean
a backup career option! It means that you should design your Plan A and Plan B exams in such a
manner that they serve two purposes.
1. The preparation of your Plan A exam/s ‘must’ automatically lead to at least 80% preparation for
Plan B exam/s
2. When you are devoting time to study for Plan B exam/s, it must automatically strengthen your
preparation for Plan A exam/s.

For example – Let’s say your Plan A exam is to crack the RBI Grade B exam; what should be your Plan
B? The most ideal Plan B will be the SEBI Grade A exam. How? Because it checks both points as
explained above – preparation of RBI Grade B automatically leads to the preparation of 80% syllabus
of SEBI Grade A and when you are devoting time to study anything for SEBI Grade A, it is actually
strengthening your preparation for RBI Grade B as well.

#2 Understand
the exam
The biggest blunder aspirants commit is that they do not define the scope of the exam syllabus. They
prepare under the impression that anything and everything can be asked in the examination which is
even remotely related to the syllabus!
This is NOT the case.
 42

You must download and print a copy of the syllabus and then do the same for the previous year's
questions. Review the syllabus at least 10 times and analyze previous years' questions to identify
important topics and their depth.

Surprisingly, over 90% of diligent aspirants skip this crucial step.

Shortlist
Resources #3
Based on step 2, now is the time to shortlist your study sources. Once you prepare a list of the
resources you will follow, DO NOT get swayed by new material that keeps flooding the market
through social media platforms! Keep your head down and focus on completing your study sources.
Yes, once you are done with your sources, you can move to a secondary source but not before that!

Design a
#4 Timetable
Designing a practical timetable is an important step. You need to make your own timetable based on
your study habits, available time, etc. Do not compare your timetable with others, as study habits vary
widely.

• Some students are early birds, while some are night owls.
• Some prefer long stretches, while some need short bursts.
• Some 7 days a week, while some keep a day or 2 for rest.

The point is to have a timetable that ‘works’ for ‘you’. It is not meant to earn a shower of praise from
your parents, friends, or peers!
 43

Develop
Consistency #5
To crack any competitive exam, you need to be consistent in your preparation. But, you may wonder
how to achieve it. The secret is to make ‘micro easy targets’. For a better understanding, let’s take an
example of two scenarios.

Scenario 1
Student A plans to study 8 hours daily, setting ambitious goals such as covering 50 current affairs
pages, 50 ratio questions, writing 1 essay and precis, etc. However, by day's end, they achieve only
50% of the target, leading to frustration and sleepless nights. Now they have to complete the pending
tasks of Day 1 as well as cover whatever they decided for Day 2 as well! Quite an uphill task, don't you
think?

Scenario 2
Student B also plans to study 8 hours daily by setting micro easy targets such as aiming for 20 current
affairs pages, 20 ratio questions, and 1 essay. Completing their target ahead of schedule brings joy,
confidence, and a good night's sleep, ensuring higher energy for the next day.

This is how you make ‘micro’ and ‘easy’ targets. Achieve them daily and move ahead with consistency.

Develop
#6 Faith
Always think from your mind and feel from your heart. If you reverse this sentence, you will get
trapped in ‘emotions’. Being emotional isn’t bad at all, it is good! Getting trapped in emotions is what
is bad! Once you complete steps 1-5, you will start to develop faith in yourself. Have a little trust in
your mentors as well, talk to them, mail them, get in touch and see how they can help you!
 44

Do you wish to dig in deep to know more about this

6-Step formula and how

YOU can benefit from this?

To get all your answers:

• Scan QR code
• Register for FREE RBI Grade B Domination Workshop
Part F
EduTap’s RBI Grade B
Online Coaching
 45

EduTap’s RBI Grade B Online Coaching

EduTap offers a 15-day free starter pack for the RBI Grade B exam. This trial period allows individuals
to explore the quality of study materials, practice tests, and educational resources available on EduTap.

By availing of the free starter pack, candidates can make an informed decision about the effectiveness
of EduTap's preparation tools for the RBI Grade B exam before committing to a subscription.

Created by experienced teachers, this course includes subject-wise videos, study notes, practice tests,
and more, as per the latest pattern and syllabus. This pack gives you a glimpse of what preparing for
the RBI Grade B exam is like. Over 15 days, you’ll learn,

• Why RBI is a sought-after place to work,

• What the exam format is,
• Who can apply, and
• What topics you need to study.

Other Free RBI Grade B Study Material by EduTap

YouTube Channel Telegram Channel

EduTap – Regulatory Bodies Examinations EduTap – RBI | NABARD | SEBI | PFRDA |
EPFO
 46

Author’s Note

• This guidebook's content reflects information based on the latest exam pattern and syllabus.
However, if there are any changes in the upcoming years (which is unlikely to happen), we’ll
update this guide accordingly.
• The topics listed under each subject are not intended to substitute the entire syllabus. These
topics serve as a guiding tool, aiding in streamlining your preparation efforts and enhancing
overall efficiency.
 47

What Next?

This guidebook has equipped you with the essential information that can help you understand the RBI
Grade B exam and how to crack it. Here are some tips that can further help in your exam preparation.

• Analyze Previous Year Papers: Analyze the PYQ papers to understand the exam trends and the
type of questions asked. Failing to do so might leave you unprepared for the diversity of questions
that could be posed during the exam, putting you at a disadvantage.

• Practice Mock Tests: Regularly practice mock tests to simulate exam conditions. This helps improve
time management, accuracy, and familiarity with the exam format. Without regular simulation of
exam conditions, you may encounter challenges in managing your time effectively during the actual
exam.

• Focus on Weak Areas: Solving mock tests and analyzing PYQs help you identify your strengths and
weaknesses. Now you can allocate more time to strengthen your weak areas. Regularly assess your
progress and adapt your study plan accordingly.

• Supplement Your Resources: Do not stick to only one resource for preparation. It is recommended
to always supplement your preparation with additional resources for overall preparation. However,
do not go overboard with it.

• Make Notes: Take detailed notes summarizing key points, essential concepts, and important facts
to ensure retention. This will serve as a quick reference during revision.

• Stay Positive and Motivated: Maintain a positive mindset throughout your preparation. Surround
yourself with supportive individuals, and believe in your ability to succeed.

By following these recommendations and leveraging the resources provided in this guidebook, you can
significantly enhance your chances of becoming an RBI officer. Remember, the key is to stay focused,
committed, and persistent on your path to success.

We at EduTap wish you the very best in your RBI Grade B Exam preparation.
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