The Indian banking can be broadly categorized into Nationalized (government owned), Private banks and Specialized banking institutions. The Reserve Bank of India acts a centralized monitoring body in the Indian financial sector. The RBI exam is conducted for recruiting employees for the post of Grade ‘A’ or Grade ‘B’ Officers. This is one of the most common banking exams in the country.
The Recruitment to Reserve Bank Officers 'Grade 'A'/'B' exam is conducted by Reserve Bank of India Service Board, Mumbai.
* Age should be between 21 years and 30 years
* Upper age limit for M.Phil degree is 31 years
* Upper age limit for M.Phil degree is 33 years
* Should have Bachelor’s degree with a minimum of 60% marks or an equivalent grade
* Should have Master’s degree with minimum of 55% marks
* Should have Doctorate degree with 50% marks in Master’s degree or equivalent degree.
Selection to the posts is done through Written Examinations (WE) and Interview. Written exam will be held in two phases as under:
Phase I (Objective Type Test): This Paper is of 3 hours duration for 200 marks. The Paper consists tests of
i) General Awareness
ii) English Language
iii) Quantitative Aptitude and
Note : Candidates have to secure minimum marks separately for each test as prescribed by the Board.
Phase II (Descriptive Type Test): Each of these papers is of 3 hours duration carrying 100 marks. The Phase II Examination will be conducted only for those candidates who are successful in Phase I (Objective Type Test). The date and time-table will be intimated to the candidates concerned. The Examination will consist of three Descriptive Type papers -
Paper I - English
Paper II - Economic and Social Issues and
Paper III - Finance and Management.
Note : Candidates belonging to General Category, who had already appeared four times for Written Exam for post in the past, are not eligible to apply. No such restriction to candidates belonging to SC/ST/OBC/PH.