RBI Grade B 2020 Exam - Notification, Pattern and Syllabus

Reserve Bank of India (RBI) conducts RBI Grade B Officer Exam for the recruitment of Grade B officers in its various branches all across the country. RBI is the central bank for the country and up of that attractive pay scales and benefits lures thousands of students to apply for various posts in RBI. RBI Grade B Officers selection is based on conducting a competitive examination in three phases i.e. Preliminary, Main examination and Interview.

RBI Grade B Notification 2020

The official notification for the post of RBI Grade B Officer Exam will be released in the month of September, 2020. Candidates can start applying for the RBI Grade B exam from 3rd week of September 2020. The closing date of the application and the exam date will be released along with the official notification.

RBI Grade B Vacancy 2020

Reserve Bank of India (RBI) will release the total number of vacancies for RBI Grade B 2020 exam along with its official notice. Last Year, RBI introduced 199 vacancies for 2019. To know about the vacancy for 2020, stay updated with us.

RBI Grade B Salary 2020

The basic pay scale for the RBI grade B Officer is Rs 35,150. However, the annual salary package offered to the selected candidates is in between 12-14 Lac.

Besides attractive salary, various benefits such as dearness allowance, house rent allowance, family allowance, telephone allowance and conveyance allowance are also given to the Grade B officers.

RBI Grade B Application Fees 2020 

The application fee for General and OBC category is Rs. 850 whereas the same amount is reduced to Rs. 100/- for candidates belonging to SC/ST/PWD category.

RBI Grade B Eligibility Criteria 2020 


  • Must be a citizen of India

  • Must be a subject of Nepal

  • Must be a subject of Bhutan

  • Must be a Tibetan Refugee who came to India before 1st January 1962 who has the intention of settling permanently in India.

  • A person of Indian origin migrated from Pakistan, Burma, Sri Lanka, East African countries of Kenya, the United Republic of Tanzania (formerly Tanganyika and Zanzibar), Uganda, Zambia, Malawi, Zaire, Ethiopia and Vietnam with the intention of permanently settling in India.

RBI Grade B Age Limit: Candidates should be between 21 years and 30 years (both age included) to apply for RBI Grade B exam 2020.

RBI Grade B Educational Qualification: Candidate appearing for the RBI officer examination-2020 must be a graduate from a recognized university or institute. 

  • He/She must have 60% marks in graduation.

  • Candidates with 50% marks in doctorate degree can also apply for the RBI examination. 

  • Candidates having a masters' degree with 55% marks can also apply.

RBI Grade B Exam Pattern 2020 

RBI Grade B 2020 Exam is conducted in three phases:

  • Phase-I exam

  • Phase-II exam 

  • Interview process

Only after clearing all the three phases, candidates get a confirmed post as a Grade B Officer in Reserve Bank of India.

RBI Grade B Phase - l Exam Pattern 

RBI Grade B Exam is the toughest exam, most equivalent to the UPSC exam. The exam pattern for the preliminary examination is shown in the table below.


No. of Questions



General Awareness




2 hours

Quantitative Aptitude



English Language









RBI Grade B Phase - ll Exam Pattern 

The exam pattern of Phase - II exam is as shown below.

Name of the paper

Type of the paper

Duration (in minutes)


Paper l

Economic and Social Issues

Objective type



Paper ll 

English Writing Skills

Descriptive type



Paper lll

Finance and Management

Objective type



RBI Grade B Officer Interview Process

Candidates will be shortlisted for the interview process based on the aggregate marks obtained in Paper-I, Paper-II and Paper-III of Phase II exam. The Interview Process carries 50 marks.

RBI Grade B Exam Syllabus 2020

The syllabus of RBI Grade B 2020 is just like the other banking exam. 

RBI Grade B Phase - l Exam Syllabus 2020

The detailed syllabus for the RBI Grade B Phase - l Exam 2020 is as follows.

1. RBI Grade B Syllabus for Quantitative Aptitude

  • Ratio & Proportion

  • Mensuration

  • Percentage

  • Average

  • Speed, Time and Distance

  • Time and Work

  • Permutation and Combination

  • Mixture and Alligation

  • Data Interpretation

  • Probability

  • Stocks and Shares

  • Simplification

  • Quadratic Equations

  • Inequalities

  • Number Series

  • Upstream and Downstream

  • Profit and Loss

  • Simple and Compound Interest

2. RBI Grade B Syllabus for Reasoning Ability

  • Puzzles

  • Seating Arrangement

  • Inequalities

  • Direction Test

  • Blood Relation

  • Syllogism

  • Input-Output

  • Data Sufficiency

  • Machine Input

  • Coding-Decoding

  • Ranking

  • Alphanumeric series

3. RBI Grade B Syllabus for English Language

  • Reading Comprehension

  • Cloze Test

  • Fill in the Blanks

  • Sentence Rearrangement

  • Jumbled Words/Sentences

  • Error Spotting

  • Sentence Framing

  • Match the columns

  • Vocabulary

  • Grammar

4. RBI Grade B Syllabus for General Awareness

  • Current Affairs

  • Indian Financial System

  • Indian Banking System

  • Banking Terms

  • Banking History

  • Monetary Plans

  • Economic News

  • National and International Institutions

  • Abbreviations

  • Government Schemes

  • Banking Agreements

  • Sports News

  • Awards

  • Books and Authors

  • Static GK – General Knowledge about Dams, Sanctuaries, National Parks, Stadiums, Airports, Currency, etc.

RBI Grade B Phase - ll Exam Syllabus 2020

The phase - 2 exam comprises the following three sections. 

  • Economic and Social Sciences

  • English

  • Finance & Management

1. RBI Grade B Syllabus for Economic and Social Sciences

  • Growth and Development

  • Economic Reforms in India

  • Social Structure in India

  • Corporate Governance

  • Development in the Financial Sector

  • Export-Import Policy

  • Illiteracy

  • Balance of Payments

  • Rise in Inequality

  • Rigid Labour Law

  • Human Resource Development

  • Inflation

  • Regionalism and Language Conflicts

  • Poor Education Standards

  • Globalisations

  • Social Structure in India

  • Employment Generation in India

  • Sustainable Development

  • Monetary and Fiscal Policy

  • Social Sectors in India

  • Benefits of International Trade

  • Direct and Indirect Taxes

  • Insurance and Capital Marketing

  • Government debt

2. RBI Grade B Syllabus for Finance and Management

  • Union Budget

  • Regulation of Banks

  • Risk Management in Banking Sector

  • Technology in Finance

  • Corporate Governance

  • Human Resource Development

  • Motivation and Incentives

  • Regulators of banks and financial institutions

  • Development in the Financial Sector

  • Financial sector Regulations

  • Monetary Policy

  • Union Budget

  • Inflation

  • The Managing Process

  • Career Planning

  • Role of Incentives

  • Role of Information Technology

  • Communication Channels

  • Leadership

  • Nature and Scope of Management

3. RBI Grade B Syllabus for English Language

The english language exam is a descriptive test. Candidates can refer previous year question papers to understand the nature of the paper.

RBI Grade B result will be announced separately for every phase. The admit card for the same will be available on the official website of Reserve Bank of India.

To crack the RBI Grade B exam, practice previous year questions and take mock tests.

Frequently Asked Questions

Q. When will the RBI Grade B 2020 exam be conducted?

The exam is expected to be conducted in November 2020.

Q. What is the application fee for the exam?

For General and OBC category, the fee is Rs 850 and for SC/ST/PWD category the fee is Rs 100.