RBI Grade B

The Reserve Bank of India (RBI) released the RBI Grade B Notification 2023 on May 9, 2023. Along with the notification, RBI Grade B Application Form was also released by RBI. Candidates were allowed to apply for the RBI Grade B from May 9 to June 9, 2023, through the official website. According to the official notification, RBI Grade B 2023 exam was conducted by RBI from July 9 to August 19, 2023. Candidates can read the RBI Grade B Notification PDF in this article to get to know more about the eligibility, syllabus, pattern, exam date and many more. The RBI Grade B exam will be taken in two phases for all posts. The break up of the different phases of the exam under several posts have been listed below for the candidates a) RBI Grade B General Phase 1: July 9, 2023 b) RBI Grade B General Phase 2: July 30, 2023 c) RBI Grade B DEPR Phase 1: July 16, 2023 d) RBI Grade B DEPR Phase 2: September 2, 2023 e) RBI Grade B DSIM Phase 1: July 16, 2023 f) RBI Grade B DSIM Phase 2: August 19, 2023

It's possible to prepare for the AAI ATC (Airports Authority of India Air Traffic Control) and RBI Grade B Phase 1 exams using the same guide for RBI Grade B, but it's important to keep in mind that the content and format of these exams may be different. The RBI Grade B exam is for recruitment to the Reserve Bank of India, and it typically consists of three phases: Phase 1, Phase 2, and an Interview. The Phase 1 exam typically covers topics such as general awareness, Quantitative Aptitude and English language. The AAI ATC exam is for recruitment to the Airports Authority of India, and it typically covers topics such as general awareness, Quantitative Aptitude reasoning, and English language. The pattern of the AAI ATC exam may be different than that of the RBI Grade B Phase 1. While some of the topics covered in the two exams may be similar, the level of difficulty and the format of the questions may be different. Additionally, the AAI ATC exam will have some questions related to air traffic control and aviation subjects which are not covered in RBI Grade B exam. It's worth noting that the RBI Grade B Phase 2 exam will have different subjects than Phase 1, so you will need to prepare for those separately. So it's better to check the syllabus, pattern of the exam and the type of questions from the official website of the respective exam.

It depends on the preference of the aspirant, as both are respected and prestigious jobs. Here is a brief comparison to help you decide between the RBI PO and the Indian Economic Service:
1. Salary: The RBI PO or Grade B officer entry-level salary is approximately Rs. 68,000, which is slightly more than the IES officer salary of Rs. 67,000. In the long run, RBI Grade B officers earn more than IES officers.
2. Nature of the work: The RBI PO's work is of a generalist nature, which includes financial supervision, currency management, financial inclusion, etc. , while IES is a specialist post in matters of economic policy making and administration.
3. Authority: The RBI Grade B officer is not a gazetted officer, unlike the IES who is a gazetted officer in the government of India.
4. Career advancement: As a Grade B officer in the RBI one can advance to the position of Deputy Governor or, in some cases, Governor. As an IES officer, one can become the Secretary to the Government of India at the apex level. The career advancement opportunities are more abundant at RBI than IES.
5. Transfer: The RBI POs get frequent transfers every 4–5 years compared to the IES who spend most of the time in the capital, I. e. , Delhi.

The RBI Grade B officer has a higher salary than an IRS officer. An entry-level RBI Grade B officer's in-hand salary is approximately Rs. 68,000, while an entry-level IRS officer's in-hand salary is approximately Rs. 67,000. The nature of the work and responsibilities differ significantly between the two job profiles. For instance, while RBI Grade B officers work for the Central Bank of India, the IRS handles tax-related tasks for the central government. An IRS officer can rise through the ranks through promotions to become the CBDT or CGST chairperson. The RBI Grade B officer may advance to the position of governor, and most often they advance to the position of deputy governor.