RBI Grade B DEPR Eligibility Criteria
- ArthaPoint
- Apr 8, 2024
- 6 min read
Updated: Mar 1
RBI Grade B DEPR exam is among the most anticipated and awaited competitive exam. Students from Economics domain wait for this particular exam with lot of hope & aspirations. RBI Grade B DEPR exam is conducted on yearly basis in the month of May or June. Here, we will discuss about the eligibility criteria for RBI Grade B DEPR selection.
RBI Grade B DEPR Syllabus
Like any other competitive exam, the eligibility criteria is very important. Aspirants need to check and verify the eligibility criteria before applying. It's important because if you are not eligible then you can't sit for exam.
Now that RBI Grade B DEPR 2024 Notification is not yet released, so let's look at the RBI Grade B Eligibility Criteria from 2023 notification:
I : Nationality : A candidate must be either
i. a citizen of India, or
ii. a subject of Nepal, or
iii. a subject of Bhutan, or
iv. a Tibetan refugee who came over to India before 1st January, 1962 with the intention of permanently settling in India, or
v. a person of Indian origin who has migrated from Pakistan, Burma, Sri Lanka, East African countries of Kenya, Uganda, the United Republic of Tanzania, Zambia, Malawi, Zaire, Ethiopia and Vietnam with the intention of permanently settling in India.
Provided that a candidate belonging to categories (ii), (iii), (iv) and (v) shall be a person in whose favour a certificate of eligibility has been issued by the Government of India.
A candidate in whose case a certificate of eligibility is necessary, may be admitted to the examination, but the offer of appointment may be given only after the necessary eligibility certificate is issued to him/her by the Government of India.
II : Age Limit : (As on May 01, 2023)
a) A candidate must have attained the age of 21 years and must not have attained the age of 30 years on May 01, 2023 i.e., he/she must have been born not earlier than May 02, 1993 and not later than May 01, 2002.
b) The upper age-limit prescribed above will be relaxed:
i. up to a maximum of five years for candidates belonging to a Scheduled Caste or a Scheduled Tribe if the posts are reserved for them;
ii. up to a maximum of three years in the case of candidates belonging to Other Backward Classes who are eligible to avail of reservation applicable to such candidates if the posts are reserved for them;
iii. up to a maximum of five years for ex-employees of banking institutions whose services had to be terminated for reasons of economy or because of bank going into liquidation and personnel retrenched from Government Offices after at least one year's service and currently registered with Employment Exchange;
iv. up to a maximum of five years in the case of ex-servicemen including Commissioned Officers and Emergency Commissioned Officers (ECOs)/Short Service Commissioned Officers (SSCOs) who have rendered at least five years Military Service as on May 01, 2023 and have been released; a. on completion of assignment (including those whose assignment is due to be completed within one year from May 01, 2023) otherwise than by way of dismissal or discharge on account of misconduct or inefficiency; or b. on account of physical disability attributable to Military Service; or c. on invalidment.
v. up to a maximum of five years in the case of ECOs/SSCOs who have completed an initial period of assignment of five years of Military Service as on May 01, 2023 and whose assignment has been extended beyond five years and in whose case the Ministry of Defence issues a certificate that they can apply for civil employment and that they will be released on three months' notice on selection from the date of receipt of offer of appointment.
vi. up to a maximum of 10 years in the case of Gen/ EWSs PwBD candidates. For SC/ST PwBD candidates up to a maximum of 15 years and for OBC PwBD candidates up to a maximum of 13 years, subject to reservation of vacancies under the respective post. Relaxation in upper age limit for PwBD will be subject to the posts having been identified suitable for such disabilities.
vii. For candidates possessing M.Phil. and Ph.D. qualification, upper age limit will be 32 and 34 years respectively.
viii. For candidates having experience as an officer in Scheduled Commercial Banks, Public Sector Insurance Companies and All India Financial Institutions (AIFI) viz., Export-Import Bank of India (EXIM Bank), National Bank for Agriculture and Rural Development (NABARD), National Housing Bank (NHB), Small Industries Development Bank of India (SIDBI) and National Bank for Financing Infrastructure and Development (NaBFID), as also prior experience in Reserve Bank of India, upper age limit is relaxed to the extent of number of completed years of such experience subject to a maximum of three years. For such candidates, upper age limit should not exceed 33 years including experience. For experience, probationary period will not be reckoned. For details, please refer Note IV below.
ix. For eligible staff candidates, as per RBI circular dated June 9, 2014, the relaxation in age limit is according to RBI circular CO. HRMD. No. G-75/ 5599/ 05.01.01/ 2013-2014 dated December 20, 2013.
x. For recruitment to the post of Gr. B (DR)-DEPR/DSIM candidates having Master's Degree with Research/Teaching experience at a recognised Indian/Foreign University/Institute will be eligible for relaxation in upper age to the extent of number of years of such experience subject to a maximum of three years. For experience, probationary period will not be reckoned.
Important Note: All details as per official RBI Notification.
Hope this was helpful for all the aspirants sitting for the upcoming RBI Grade B DEPR Exam 2024.
ArthaPoint RBI Grade B DEPR Course - Here
Have any doubt or query regarding RBI Grade B DEPR, then feel free to contact us at 8368663950.
Team ArthaPoint
Frequently asked questions
What is RBI Grade B DEPR?
RBI Grade B DEPR (Department of Economic and Policy Research) is a prestigious position offered by the Reserve Bank of India (RBI). It is a specialized cadre within the RBI aimed at conducting research, analysis, and formulation of economic policies.
What is the criteria for RBI Grade B DEPR?
The criteria for RBI Grade B DEPR typically include a Master's degree or equivalent in Economics, Econometrics, or related fields with at least 55% marks or an equivalent grade. Additionally, candidates with a PhD in specified areas may also be eligible.
What are the main subjects covered in the RBI Grade B DEPR syllabus?
The main subjects covered include macroeconomics, microeconomics, monetary economics, financial markets, international economics, econometrics, statistics, and related quantitative techniques.
Are there any changes to the RBI Grade B DEPR Syllabus for the upcoming exams?
It's essential to regularly check the official RBI website or notification updates for any revisions or additions to the RBI Grade B DEPR Syllabus. The RBI occasionally updates its syllabus to align with current trends and developments in the field of economics and policy research.
What is the pattern of RBI Grade B DEPR exam?
The RBI Grade B DEPR exam pattern generally consists of three phases: Phase-I, Phase-II, and an Interview. Phase-I is an online examination consisting of objective type questions on General Awareness, English Language, Quantitative Aptitude, and Reasoning. Phase-II consists of both objective and descriptive type questions covering subjects like Economics, English, and Finance and Management. Candidates who qualify in Phase-II are called for an Interview.
How can I effectively prepare for the RBI Grade B DEPR exam?
To prepare effectively, candidates should create a study plan, review fundamental concepts, practice solving numerical problems, and take mock tests to assess their progress. It's also helpful to stay updated on current economic developments and policy issues.
What are the benefits of RBI Grade B DEPR?
The benefits of clearing the RBI Grade B DEPR exam include a prestigious career opportunity with the Reserve Bank of India, competitive salary and allowances, job security, opportunities for professional growth and development, exposure to policy-making and economic research, and access to various employee benefits and facilities.
What is the duration of RBI DEPR exam?
The duration of the RBI Grade B DEPR exam varies for each phase. Phase-I (Preliminary Examination) is typically conducted for 2 hours, while Phase-II (Main Examination) can range from 3 to 4 hours depending on the sections. The Interview process usually lasts around 30-45 minutes per candidate.
What is the difference between DEPR and DSIM RBI?
DEPR stands for Department of Economic and Policy Research, while DSIM stands for Department of Statistics and Information Management. Both are specialized departments within the Reserve Bank of India. DEPR primarily focuses on economic analysis, policy research, and related areas, while DSIM deals with statistical analysis, data management, and information systems.
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