RBI and IBPS Exam Coaching Centre in Chennai: Shankar Banking Academy

Name of the Recruiting Body : RBI Grade B

Type of Services :RBI Officers (Grade-B)

RBI Grade B 2021 Vacancy :

RBI Grade B Vacancy 2020 will be updated once the official notification is released. The number of vacancies for the post of RBI Grade-B 2019 was 199. Willing students can fill the application form for the preferred post. In the year 2018, the total number of vacancies was 166. Complete details of RBI Grade B 2019 vacancies are given in the table below:

S. No. Posts Vacancy
1. Officers in Grade ‘B’(DR) – General 156
2. Officers in Grade ‘B’(DR) – DEPR 20
3. Officers in Grade ‘B’(DR) – DSIM 23

RBI Grade B Exam: Eligibility Criteria :

Eligibility criteria include Age limit and Educational Qualification. For RBI Officers (Grade-B) examination, the lower and upper age limits were 21 years and 30 years respectively. Complete Eligibility criteria will be updated once the official notification is released. Certain relaxation is also given based on the certain factor as given below:

15 years
Category Age relaxation
SC/ST 5 years
OBC 3 years
Physically Handicapped 10 years
PH + OBC 13 years

Educational Qualification :

A minimum of aggregate 60% marks (50% 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.

RBI Grade-B Educational Qualification :

Posts Minimum Educational Qualifications
Officers in Grade 'B' (DR) - (General)
  • A minimum of 60% marks (50% in case of SC/ST/PwBD) 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.
Officers in Grade 'B' (DR) - DEPR
  • A Master's Degree in Economics / Econometrics / Quantitative Economics / Mathematical Economics / Integrated Economics Course / Finance, with a minimum of 55% marks or an equivalent grade in aggregate of all semesters / years from a recognised Indian or Foreign University / Institute OR
  • PGDM/ MBA Finance with a minimum of 55% marks or an equivalent grade in aggregate of all semesters /years from a recognised Indian or Foreign University / Institute; OR
  • Master’s Degree in Economics in any of the sub-categories of economics i.e. agricultural/ business / developmental / applied, etc., with a minimum of 55% marks or an equivalent grade in aggregate of all semesters / years from a recognised Indian or Foreign University / Institute.
Officers in Grade 'B' (DR) - DSIM
  • A Master's Degree in Statistics/ Mathematical Statistics/ Mathematical Economics/ Econometrics/ Statistics & Informatics from IIT-Kharagpur/ Applied Statistics & Informatics from IIT-Bombay with a minimum of 55% marks or equivalent grade in aggregate of all semesters / years OR
  • Master's Degree in Mathematics with a minimum of 55% marks or an equivalent grade in aggregate of all semesters / years and one year post graduate diploma in Statistics or related subjects from an Institute of repute; OR
  • M. Stat. Degree of Indian Statistical Institute with a minimum of 55% marks in aggregate of all semesters / years OR
  • Post Graduate Diploma in Business Analytics (PGDBA) jointly offered by ISI Kolkata, IIT Kharagpur and IIM Calcutta with a minimum of 55% marks or equivalent grade in aggregate of all semesters/years.

Salary Package :

RBI Officers (Grade-B) Salary

  • As per the official notification of the RBI, the starting salary of RBI Grade B Salary in hand will be around ₹35,150/-.
  • The RBI Grade B Salary is tabulated below:

RBI Grade B Basic Pay ₹35,150/-
RBI Grade B Pay Scale 35150–1750(9)–50900–EB–1750(2)–54400–2000(4)–624000
RBI Grade B Grade Pay Not applicable
RBI Grade B Salary : NET Salary Including All Allowances ₹67,933/-

  • That is not it, there are other perks as well like Dearness Allowance, House Rent Allowance, Family Allowance, Telephone Allowance, Conveyance Allowance etc. will also be provided.

RBI Grade B 2021: Application Fees :

Based on the previous year’s exam fee, it is expected to be the same this year as well which is a total of ₹850/- is the application fee to be paid by candidates belonging to the General and OBC category for RBI Grade B 2020 exam while the same amount is reduced to ₹100/- for candidates belonging to SC/ST/PWD category.


RBI Grade B 2021 Exam Pattern :

S.No. Subjects No.of.Questions Marks Remarks Duration
1. General Awareness 80 80 -0.25 marks Composite time of 120 minutes.
2. Maths 30 30
3. English Language 30 30
4. Reasoning Ability 60 60
Total 200 200

  •  However, separate time will be allotted for each test. Other detailed information regarding the examination will be given in an Information Handout.

Mains Examination Pattern :

S.No. Name of the Paper Type of the Paper Time (Mins) Marks
1. Paper I Economic & Social Issues Objective Type 90 100
2. Paper II English (Writing Skills) Descriptive (to be typed with the help of keyboard) 90 100
3. Paper III Finance & Management Objective Type 90 100

Important Note

Interview (50 marks) :

Candidates are shortlisted for the personal interview round based on an aggregate of marks obtained in Phase-II (Paper-I + Paper-II + Paper-III). Candidates are given the option to opt for interview either in Hindi or English. Final Selection is done through merit list which is prepared by adding marks secured by candidates in Phase-II examination and interview.

Marks obtained by the candidates in the Main examination will be considered for shortlisting for Interview and preparation of final merit list.

Note :

The penalty for Wrong Answers (Applicable to both - Preliminary and Main examination) :

There is a penalty for wrong answers marked in the Online Objective Tests. For each wrong answer, one-fourth of the marks assigned to that question is deducted as penalty to arrive at corrected score. No marks are deducted for un-attempted questions.

Phase – III : IBPS PO Interview :

  • The total marks allotted for Interview are 100. The qualifying marks in the interview are 40% (35% for SC/ST/OBC/PWD candidates). The weightage (ratio) of CWE (Main exam) and interview for final merit list will be 80:20 respectively.

Detailed RBI Officers (Grade-B) Syllabus 2021 :

Phase – I

RBI Grade B Examination has three phases of Online Test for which candidates have to thoroughly study the following subjects :

English Language : Reading Comprehension
Cloze Test
Sentence Errors
Vocabulary based questions
Sentence Improvement
Jumbled Paragraph
Paragraph Based Questions (Paragraph Fillers, Paragraph Conclusion, Paragraph/Sentences Restatement)
Reasoning Ability : Puzzles
Seating Arrangements
Direction Sense
Blood Relation
Order and Ranking
Machine Input-Output
Alpha-Numeric-Symbol Series
Data Sufficiency
Logical Reasoning (Passage Inference, Statement and Assumption, Conclusion, Argument)
Quantitative Aptitude : Data Interpretation (Bar Graph, Line Chart, Tabular, Caselet, Radar/Web, Pie Chart)
Inequalities (Quadratic Equations)
Number Series
Approximation and Simplification
Data Sufficiency
Miscellaneous Arithmetic Problems (HCF and LCM, Profit and Loss, SI & CI, Problem on Ages, Work and Time, Speed Distance and Time, Probability, Mensuration, Permutation and Combination, Average, Ratio and Proportion, Partnership, Problems on Boats and Stream, Problems on Trains, Mixture and Allegation, Pipes and Cisterns)
General Awareness : Banking and Insurance Awareness
Financial Awareness
Govt. Schemes and Policies
Current Affairs
Static Awareness

Phase – II

Paper-I :
Economic and social Issues :
Growth and Development
National Income and per capita income
Economic Reforms in India
Monetary and Fiscal Policy
Balance of Payments
IMF and World Bank, WTO
Social Structure in India
Social Justice
Indian Political System
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.
Paper-III :
Finance and Management :
Regulators of Banks and Financial Institutions
RBI and its functions
Financial Markets
The Union Budget
Corporate Governance in Banking Sector
Financial Inclusion
Risk Management in Banking Sector
Basics of Derivatives: Forward, Futures, and Swap
Changing Landscape of Banking sector
An alternate source of finance
Public-Private Partnership (PPP)

RBI Grade B Result 2021 :

RBI Grade B Result 2021 will be updated for all the stages i.e. Prelims, Mains followed by Interview once it is released on the official website of the Reserve Bank of India (RBI).

RBI Grade B Cut Off 2019: Check 2019 Cut off :

Test wise and aggregate cut-off marks in Phase-I examination held on November 9, 2019 for shortlisting the candidates for Phase-II examination for the post of Officers Grade-B (General)- DR-BY-2019

GENERAL AWARENESS (Maximum Marks = 80) 20.00 20.00 16.00 14.25 14.25 14.25
REASONING (Maximum Marks = 60) 15.00 15.00 12.00 10.75 10.75 10.75
ENGLISH LANGUAGE (Maximum Marks = 30) 7.50 7.50 6.00 5.25 5.25 5.25
QUANTITATIVE APTITUDE (Maximum Marks = 30) 7.50 7.50 6.00 5.25 5.25 5.25
TOTAL SCORE/ Aggregate (Maximum Marks = 200) 122.00 122.00 115.50 108.00 108.00 108.00

RBI Officers (Grade-B) Cut Off 2018 :

RBI Grade-B Phase-I 2018 Exam :

Test wise and aggregate Cut–off marks in Phase- I examination held on August 16, 2018 and September 2, 2018 for shortlisting the candidates for Phase-II examination for the post of Officers Grade-B (General)–DR – BY-2018 :
Section GENERAL AWARENESS (Maximum Marks = 80) REASONING (Maximum Marks = 60) ENGLISH LANGUAGE (Maximum Marks = 30) QUANTITATIVE APTITUDE (Maximum Marks = 30) TOTAL SCORE/ AGGREGATE (Maximum Marks = 200)
GENERAL/UR 20.00 15.00 7.50 7.50 105.75
OBC 16.00 12.00 6.00 6.00 95.75
SC 14.25 10.75 5.25 5.25 91.75
ST 14.25 10.75 5.25 5.25 91.75
PWD (OH/ HI/VH/MD) 14.25 10.75 5.25 5.25 91.75


  • Total Classes -62
  • Total Duration-124 hours.
  • Total Mock Test-40 sets (Both Online & Offline)
  • Total Course Duration-3 months
  • Total Discussion Class-5
S. No. Batch Duration Timing
1. Regular Batch (Monday – Friday) 3 months 7.00 a.m. to 9.00 a.m
10.00 a.m. to 12.00 p.m.
6.00 p.m. to 8.00 p.m.
2. Weekend Batch (Sunday Only) 4 months 10.00 a.m. to 2.00 p.m.


Interview Class for Banking :

In 3 days intensive classroom training programme by banking specialist.

Mock Interview conducted by senior PSO Bankers/ Government officials.

Banking & Current Affairs recap.


Class Room Admission Office
Plot No.1742, 1st Floor, 18th Main Road, Anna Nagar Chennai – 600 040 Contact No. 044 - 45543082 Shankar IAS Academy
Door No 18, Old Plot No 109, New Plot No 259, AL Block, 4th Avenue, Shanthi Colony, Anna Nagar, Chennai ‐ 600040.

Branch Office

Adyar-Chennai Madurai Trichy Salem
No-2/23, 3rd Cross Street, Padmanabhanagar, Opposite to Sishya School, Adyar Chennai – 600 020, Tamilnadu 044 - 24 418886 Plot no:409/B, Mall Super Market, Second floor, Church Road, Anna Nagar, Sathamangalam, Madurai- 625020. Mobile : 97896 22555 [land mark: Suguna Bus Stand, Second left] N.R.Towers A9( N), Salai Road, Thillai Nagar, Trichy – 620018 Contact : 0431-4976911 | 97896 64555 Land Mark – LIC -Rock fort branch building No. 207/5 United Arcade, Kauveri Avenue, State Bank Colony, Junction Main Road, Salem – 636 004. Tamil Nadu. Contact : 0427-2441961 | 89400 80039

www.shankariasacademy.com | www.iasparliament.com
7667766266 | enquiry@shankarias.in
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Online Exams Coming Soon

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