Life of A RBI Grade B Officer: Know all details about work profile and life of RBI Grade B Officer

Safalta Expert Published by: Himani Mehra Updated Sat, 02 Apr 2022 10:05 AM IST

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Life of A RBI Grade B Officer: Know all details about work profile and life of RBI Grade B Officer

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Reserve Bank of India every year recruits eligible and interested candidates to the post of Grade B officer. RBI Grade B Exam is not only a highly competitive exam but also a very reputed and prestigious job. It is one of the most sought-after job profiles for all banking aspirants. Often candidates are curious to know the life of an RBI Grade B officer. This curiosity is answered when you know the salary, job profile, career prospects and more of an RBI Grade B officer.

Source: safalta.com

RBI Grade B officers are provided with excellent work locations, remunerations and perks and various growth opportunities. Read this article to know all about the life of an RBI Grade B officer and other details. If you are preparing for competitive exams and looking for expert guidance, you can download our General Knowledge Free Ebook Download Now.

Table Of Content 

Life of A RBI Grade B Officer
RBI Grade B Officer Work Profile
RBI Grade B Officer Working Hours
RBI Grade B Officer Career Growth
RBI Grade B Officer Postings and Transfers
RBI Grade B Departments
RBI Grade B Officer Salary and Allowances
Future Opportunities for RBI Grade B Officers

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Life of A RBI Grade B Officer

Candidates are recruited to the post of Manager through RBI Grade B Exam. There are different hierarchies of posts through which candidates are promoted while working in RBI. The working hours of RBI Grade B officers are comfortable and officers are posted in Tier I cities. The details regarding each aspect of RBI Grade B Officer's work life are given below.

RBI Grade B Officer Work Profile

The post of RBI Grade B Officer provides opportunities and avenues of immense growth. The work profile is conducive to the growth of an individual. You learn about the functioning of the Central Bank of our country. You are aware of the country’s economic situation, including inflation, deflation, GDP growth, and GNP, among other things
You’ll also be in charge of managing certain government and central bank accounts. 

RBI Grade B Officer Working Hours

The office hours of RBI Grade B Officer are 10 a.m. to 6 p.m. The working enviroment of tension free and very friendly for the your growth. Officers have to work five days in a week. Thus the working environment of RBI Grade B Officer is optimal and friendly.

RBI Grade B Officer Career Growth

The heirarchy of posts in RBI is as given below.

Deputy Governor

Executive Director

Principal Chief Manager

Chief General Manager

General Manager

Deputy General Manager

Asst. General Manager

Manager (Grade B Officer)

Grade B officers are recruited to the post of Managers. Depending on the performance, officers are promoted. Thus RBI Grade B officers have the opportunity to even rise upto the post of Deputy Governor. 

RBI Grade B Officer Postings and Transfers

Once you get the call letter to join RBI as a Grade B Officer, either you are directly sent for training in the Reserve Bank Staff College, Chennai, or directly given your first posting in some RBI Office across the country. The first posting that officers get is Mumbai but this can vary depending on the requirements in different offices of RBI across the country. The first department that one is given the charge of is the “Issue & Banking Department”. Candidates should be prepared for posting and transfers to different locations across the country. There are four zonal offices of RBI at Mumbai, Kolkata, Delhi, and Chennai. RBI has nineteen regional offices at Thiruvananthapuram, Patna, Nagpur, Lucknow, Mumbai, Kochi, Kolkata, Jammu, Kanpur, Chennai, Delhi, Guwahati, Bhubaneshwar, Bhopal, Hyderabad, Ahmedabad, Chandigarh, Jaipur, and Bangalore. Eleven sub-offices of RBI are at Agartala, Aizawl, Shillong, Dehradun, Gangtok, Imphal, Panaji, Srinagar, Raipur, Shimla, and Ranchi. Usually officers are transferred every 3 years. 

Also Read:

RBI Grade B Syllabus RBI Grade B Cut Off
 

RBI Grade B Departments

There are different departments in RBI. Grade B officers can be allocated any of these departments:
 

  • Consumer Education and Protection Department
  • Corporate Strategy and Budget Department
  • Department of Banking Regulation
  • Department of Banking Supervision
  • Department of Communication
  • Department of Cooperative Bank Regulation
  • Department of Cooperative Bank Supervision
  • Department of Corporate Services
  • Department of Currency Management
  • Department of Economic and Policy Research
  • Department of External Investments and Operations
  • Department of Government and Bank Accounts
  • Department of Information Technology
  • Department of Non-Banking Regulation
  • Department of Non-Banking Supervision
  • Department of Payment and Settlement Systems
  • Department of Statistics and Information Management
  • Enforcement Department
  • Financial Inclusion and Development Department
  • Financial Markets Operation Department
  • Financial Markets Regulation Department
  • Financial Stability Unit
  • Foreign Exchange Department
  • Human Resource Management Department
  • Inspection Department
  • Internal Debt Management Department
  • International Department
  • Legal Department
  • Monetary Policy Department
  • Premises Department
  • Rajbhasha Department
  • Risk Monitoring Department
  • Secretary’s Department
  • Central Vigilance Cell
 

RBI Grade B Officer Salary and Allowances

The details of RBI Grade B salary are as given below:
  • Pay Scale: Rs.55200-2850(9)-80850-EB-2850(2)-86550-3300(4)-99750
  • Basic Pay: Rs 55,200 
  • Gross Monthly Salary: Rs 1,16,684
The allowances and benefits that RBI Grade B Officers get are as follows:
  • Dearness Allowance
  • House Rent Allowance
  • Family Allowance
  • Telephone Allowance
  • Conveyance Allowance
To know more about RBI Grade B Salary and Allowances: Click Here
 

Future Opportunities for RBI Grade B Officers

Officers in RBI have ample of opportunitites to pursure their personal and official ambitions. Some of them are as given below:
  • Officers in the RBI have a variety of options for further education at any university in the world
  • Officers may apply for a variety of scholarships that provide full or partial support for future studies as well as research leave
  • Many other career paths are also available after working for the RBI, including the World Bank, IMF, Bank of International Settlements in Switzerland, and the Ministry of Finance, Government of India
  • They are also eligible to serve on the boards of directors of top-tier commercial banks
  • Multiple post-RBI Consulting opportunities in Investment Banking are also an advantage availed by the Grade B officer

 

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