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Reserve Bank of India (RBI) is the central banking institution of India and controls the monetary policy of the country. It regulates all the banks and provides essential financial services like inflation control, the issue of currency, storage of foreign exchange reserves etc. RBI, starting from 2015, conducts a national-level recruitment examination for selection of its grade B level officers. The RBI Grade B recruitment test comprises of three stages: Phase I, Phase II (both Online), and an interview.
Medium of Examination: English & Hindi
Mode of Exam: RBI Grade B 2018 exam (both Phase I and Phase II) will be a Computer-Based Test (CBT) and thus shall be conducted online.
RBI Grade B 2018 Eligibility
Qualifications: Candidate must have completed his/her graduation with 60%(50% in case of SC/ST/PWD candidates) or more marks from a recognized college or university.
He/she must have secured 60% (50% for SC/ST/PWD) or more marks in 10thand 12th standard examinations too.
RBI Grade B 2018 Age Limit
The candidate must be in the age range 21-30 years.
For candidates pursuing M.Phil. and Ph.D., upper age limit is 32 and 34 years respectively
Upper age limit is relaxed for candidates with experience in commercial banks or financial institutions. The relaxation is equal to the number of years of experience subject to a maximum of 3 years. But even for them, upper age limit is 33 years.
Age relaxations will be provided as per post availability for reserved categories. Last year following relaxations were provided:
Ex-employees of banking institutions
Citizens of Jammu & Kashmir between 1st January 1980 to the 31st day of December 1989
Defense Service Personnel disabled on duty
RBI Grade B 2018 Exam Pattern
RBI Grade B 2018 exam will be conducted in two phases – Phase I and Phase II. The exam is followed by an interview. The mode of the exam, both Phase I and Phase II, shall be online.
In Phase I, the questions shall be objective in nature (MCQs). There shall be 200 questions of 1 mark each. A negative marking of 0.25 mark for each incorrect answer is the rule. The exam duration shall be 2 hours. Candidates have to secure both sectional and overall minimum qualifying marks.
The Phase I paper contains the following sections:
Number of Questions
Those who will clear Phase I of RBI Grade B 2018 can appear for Phase II. In Phase II, both objective and subjective questions shall be present.
The Phase II examination of RBI Grade B 2018 exam shall comprise of 3 Papers. Each of these paper will be 1.5 hours long with 100 marks weight for each.
Paper III of Phase II shall have 3 optional subjects out of which candidate has to choose one.
Type of Paper
Time Allotted (min)
Economic and Social Issues
Finance and Management/Economics
Type of questions
Objective and Subjective
Total no. of questions
Economic and Social Issues. (Paper I)
English Language. (Paper II)
Finance and Management/Economics
/Statistics. (Paper III)
1.5 hours X 3
RBI Grade B 2018 Interview
Candidates shall be called for interview based on the marks received in Phase II of written exam. Total marks for the interview would be 50 marks. Candidates can opt for either English or Hindi for the interview.