Grade -B in RBI is highest entry level
position in RBI.
Scheme of exam: 3 stage exam process
Prelims, Mains, Interview
Prelims: Like any other
IBPS/SBI exam, with more weightage given to General Knowledge and reasoning
Strategy I followed for Prelims:
GK: Affairs cloud monthly current affairs capsule
supplemented with GK today (4months Current Affairs up to 2 weeks before should
be enough), Current budget (mug up current budget summary along with allocation data as far as
possible), Economic survey, Socio economic survey, Finance commission (Need to
remember some important numbers also), Govt schemes (Any material available on
internet will do)
Quantitative Aptitude and reasoning: If weak in QA
and reasoning one can join any online/class room coaching, if good at quants
practice some mock tests.
English: I did not prepare
separately for it, but if one is weak in English it is advised to go for coaching.
As I am
comfortable with GK and English, I focused more on it and tried to maximize
score in those sections, while making sure to clear at least cut off in Quant
and reasoning. One must try to maximize score in the subject he/she is good at.
Mains: Consists of 3
papers
Paper |
Paper Type |
Paper
I: Economics and Social Issues |
Objective |
Paper
II: English (Writing Skills) |
Descriptive
(to be typed with the help of keyboard) |
Paper
III: Finance & Management |
Objective
Type |
Strategy
I followed for Mains:
Paper I: whatever has been
studied for GK part of prelims should be enough along with current affairs up
to 2 weeks before the exam, it is advised to read NCERT books on Macroeconomics
for basic understanding.
Paper 2: Paper consists
of essay writing, reading comprehension, precise writing. I have not prepared
separately for it. The only thing needed is correct usage of English rather
than knowledge in the subject, however one must know at least something about
the topic and write only relevant information.
Paper 3: This perhaps is
the most difficult thing to prepare if one does not have
Commerce/Finance/Management back ground.
Finance : There are many
books for it but I personally feel they are beyond the scope of the exam, I
have studied EDUTAP coaching material as it is completely alien topic for me (
for accounting ratios I have studied NCERT Accountancy books for better
understanding , however one can stick to EDUTAP or OLIVEBOARD or any other
coaching material ) . This paper consists of numerical problems, one must
practice as many numerical problems as possible, and they are very scoring. The
following books are recommended if one wants study from text books
1. Business
Studies 12th & Accountancy 12th NCERTIndian Financial System-Bharati V
Pathak
2. Financial
Management- Prasanna Chandra
3. CAIIB and JAIIB
books (for selected topics)
Management:
As I
had pubic administration optional while preparing for civils services, it
became easy for me to prepare for this topic. One can read EDUTAP or OLIVEBOARD
material for this topic also. I have referred to the following books also as I
am already familiar with the topic
1. Principles of Management by I.M.
Prasad
2. Organizational Behavior by S.P.
Robbins
Be
familiar with current affairs especially burning topics like COVID, If you are
working/worked in Banking and finance sector be prepared to answer questions
related to your job profile and may be sectoral questions also . If you are
preparing for civil services or any other state service admit it, there is no
harm in it.
Salary: except in Mumbai one gets a salary of 80000 in hand, plus RBI quarters. In Mumbai there is shortage of accommodation, you will be given Rs 65000 / month for rent. Those in Mumbai will also get additional salary equivalent to 50 liters of petrol (other centers 150 liters, Mumbai 200 liters). If you stay at your own accommodation you will get 15% of basic i.e around 5500 per month.
If
one qualifies JAIIB and CAIIB exam after joining or has already passed before
joining they get 4 increments i.e. around 5000 more is added to basic pay. You
will also get increment if you are a Phd holder. One may also apply for
increment at the time of interview if they think their previous job experience
is useful for RBI, however in this case the interview board has the final say
Note: Salary will be revised in March this year, so expect 10K more at least
Class 4-
Assistant- Asst manger (gr-A) –Manager (Gr –B)- AGM (
Gr-C)-DGM-(Gr-D)-GM-(Gr-E)-CGM-Regional Director (Gr-F)- Executive director-
Dy-Governor
There are 4 Dy
governor posts in RBI out of which two are reserved for those who joined as Gr
–B. one cannot become governor through promotion.
https://opportunities.rbi.org.in/Scripts/bs_viewcontent.aspx?Id=3944
https://rbidocs.rbi.org.in/rdocs/Content/PDFs/ADVTGBDRB092851E3E1C4D219C54676FA642772E.PDF
2021 is largest recruitment in decade