RBI Grade B Officer Job Profile, Career Growth, Posting Location! Get to know about the RBI Grade B Job Profile and Career Growth in a detailed manner to eliminate confusion. The job profile and career growth opportunities in RBI Grade B will help all the students going to appear for this exam gain an insight into the work culture and type of tasks that they would undergo after selection. We will discuss the Salary, Perks, and Emoluments of the RBI Grade B officer post.
RBI, one of the most prestigious institutions in India & RBI is a brand in itself and there is no need to explain how prestigious this post is. Let us now have a look at the Job Profile of an RBI Grade - B Officer, the promotion and career aspects.
RBI Grade B Job Profile
The selected candidate for RBI Grade B will be on probation for 2 years which can be extended to 4 years based on their performance.
After your training is over, you may be allotted to different departments. This is purely random, people with hardcore finance experience may be given HRD and vice versa. Some of the departments that may be allotted are Financial Markets, Banking Supervision, Banking Regulation, Currency Issuing, Public Debt Office, Foreign Exchange, HRD, etc. The work profiles vary from department to department. However, you will be transferred from one department to another after some time.
Some of the Grade B officers will also be involved in planning and policy decisions. The RBI is a regulator and there are myriads of opportunities and work. One thing is sure, the job is not monotonous.
RBI Grade B Officer - Posting Locations
RBI is headquartered in Mumbai and most of the offices are in metros only. In most places, RBI has dedicated quarters that are easy to get.
RBI Grade B Officer Work Profile - Timings and Career Growth
Unlike normal PSU banks, RBI has defined working hours. Plus all weekends are holidays (except for some which are directly related to banks operations viz. NEFT etc.). The work is easily manageable in the normal working hours and RBI promotes a good work-life balance.
Direct Recruited Grade B officers have a good chance to reach the level of Deputy Directors. There are promotional examinations to reach the next stage. The hierarchy level is given below:
Some Myths about RBI Grade B Job Profile
- Only people with strong finance background clear this exam: Not true at all. People with journalism as a background are also selected in this exam. Read the eligibility criteria for details.
- It’s like a normal bank, monotonous job, lack of growth opportunities: Another myth. RBI rarely involves public dealing and this makes a lot of difference. As already stated, there are diverse departments and RBI acts as a regulator, the job is very interesting with decent growth opportunities.
- IITs and IIMs grads are preferred: Not true. The final selected batch might be skewed towards engineers but nowhere there is any preference. It all depends on your marks for the Phase II exam and interview.
- The Phase I score is just above the cutoff, I will not be able to make it: Statistics show that only top 3 percentile students clear phase 1. This should make you proud and not disheartened. The race is not over yet.
- I will focus on Phase I for now and then on Phase II: Another mistake. RBI doesn’t provide enough time for Phase II preparation, this time it is 20 days only. Make sure to start preparing from Phase II from day 1.
- I am getting a good score in SSC and IBPS/ I am preparing for UPSC, RBI should be a cakewalk: Scoring good marks in the said examinations will boost your confidence but you should keep in mind that the pattern is entirely different. The level of DI and Quantitative Aptitude is up to the level of CAT and reasoning is also very tough.
RBI Grade B Selection Procedure
This was all from our side regarding Job Profile, Career Growth, Posting Location of RBI Grade B officer. For further details stay tuned with us and keep rocking.
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