RBI Grade B Officers - Eligibility, Pay Scale, Online application

Updated : 30-Oct-2017

 Reserve Bank of India is India's central bank, headquartered at Bombay which was established on 1st April 1935. Central bank of  India execute multiple functions such as overseeing monetary policy, issuing currency, managing foreign exchange, working as a bank of government and as banker of scheduled commercial banks.

The Main Functions of the RBI

 Out of many first and foremost, the RBI formulates, implements and monitors India's monetary policy. Its main objective is to maintain price stability and ensure credit is flowing to productive economic sectors in all sectors. It also manages all foreign exchange under the Foreign Exchange Management Act of 1999 in india. This allows RBI to facilitate external trade and pay in order to promote the development and health of the foreign exchange market in India for better growth.

 This acts as a regulator and supervisor of the overall financial system in India. It injects public confidence into the national financial system, protects interest rates and provides positive banking alternatives to the public. Overall, RBI acts as the issuer of national currency. For India, this means that legal tender is either issued or eradicated depending on its fit for current circulation. This also provides the countrys public with monetary supplies of currency in the form of dependable notes and coins, a lingering issue in India as well.

 Applicants who wish to apply for the RBI Officer (Grade ‘B’) examination can register online with the RBI cadre (Grade ‘B’) Online Application Form. RBI Exam Notification when published, candidates are permitted to apply through online mode.

Eligibility Criteria for RBI Grade B Officers

 The procedure to apply online is quite easy even though few candidates who are not familiar with the computer, may feel complexity with the RBI Online Application Forms. All the imperative guidelines have been given for all assiduous aspirants as how they can submit the RBI Officer (Grade ‘B’) Online Application Form with no difficulty at all.

 Details about Part-I Registration

 The registration process of online applications will be divided in two parts viz., Part-1 Registration and Part-2 Registration.  In Part-I Registration, applicants have to provide their fundamental details as their name and their parents’ name in it. They have to give the details of their educational/academic qualifications also in the application form in first part of registration to fully adhere it.

 Contenders will also be asked to fill details regarding their contact information viz., about permanent and local address. Applicants will have to provide their phone number and any of their active email ID where all the further communications will be furnished by RBI Recruitment Board regarding RBI Officer Examination. Having filled all the details in the first part of the application form, aspirants will be preceded to the next/second part of the registration to complete the registration process.

 Details about Part-II Registration

 In registration part -2 of RBI, applicants need to furnish details about the option of posts and the kind of examination center they want to opt for. They have to submit the scanned photo and further furnish signature as well in this part of registration to avoid any compliance.

Candidates will have to make the full payment in advance of application fee online and after the submission of online application fee, application form will be submitted by the candidates to complete the process as well.

After the online application is successfully submitted, candidates will be issued the registration number along with the authentication password with which they will download the admit card for the RBI Officer Examination two or three weeks ago form the commencement of the examination from the website.

Candidates must save the provided details - Registration number, Password and Transaction ID of the Bank or challan number (in case the payment is made offline) for further reference. Doing this saves them a lot of time and further effort.

The nominal amount of Rs. 100 has to be deposited by the candidates as the application/examination fee which can be paid via online or offline mode to furnish payment details.

All the candidates falling under this category are exempted from paying this fee - women candidates and candidates belonging to Scheduled Caste, Scheduled Tribe, and Persons with disability and Ex-servicemen eligible for reservation. These are as per rules/instructions of Department of Personnel and Training, Government of India.

 Online Application Form Filling Guidelines for RBI Grade B Officers

•  To successfully fill and register the RBI Online Application Form, open official website of the Reserve Bank of India.
• Aspirants will be able to see the link of ‘latest career’ on the homepage of RBI’s website which we have to open.
• Candidates are provided with the online notification for the post of RBI Officer (Grade ‘B’) which they are advised to read carefully and cautiously.
• After reading and going thoroughly with the notifications provided, candidates need to choose the link ‘Click here for New Registration’.
• Candidates will have to furnish all the required information and their details in the application form as mentioned so.
• Also Scanned photo and signature of the candidates will be uploaded while filling up the application form.
• After furnishing the details and submitting application fee and online application form, candidates will be given a Provisional Registration Number and Password generated by the system.
• Download the submitted application form and take the printout of for future reference only.
• These were all the necessary details about the RBI Officer (Grade ‘B’) Online Application Form. It is expected that all the contenders of the RBI Officer Exam would have understood the procedure as how the application form can be filled and will furnish details correctly.

 Pay Scales / Remuneration of Grade B officers:

 PhDs in Grade ‘B’ for Research Positions as under -> The nominated Candidates will draw a basic pay of ? 43,900/- p.m. (four advance increments to prospect in the basic pay) in the scale of ? 35150-1750(9) -50900-EB-1750(2) -54400-2000(4) -62400 pertinent to Officers in Grade ‘B’. They will also be entitled for Dearness Allowance, Local Compensatory Allowance, House Rent Allowance, Special Allowance, and Grade Allowance as per guidelines in force from time to time. As per current guidelines initial monthly Gross emoluments are approximately ? 81,628/-.

 Officer in Grade ‘B’- Communication -> The nominated candidate will be entitled for a starting basic pay of ? 35,150/- p.m. in the scale of ? 35150-1750(9)-50900-EB-1750(2) -54400-2000(4) -62400 pertinent to officer in Grade ‘B’ and he/ she will also be eligible for Dearness Allowance, House Allowance, Special Allowance, Grade Allowance and Local Compensatory Allowance, as per guidelines in force from time to time. As per current guidelines the Gross monthly emoluments for the post are approximately ? 72,637/-

We hope that this detailed information on RBI Grade B Officers Entrance Examination will definitely help you to clear your confusions. For more details keep reading more articles on mastguru.com