RBI Grade B DEPR Highlights 2025
The RBI Grade B Notification 2025 has not yet been released by the Reserve Bank of India since the current exam cycle is still underway. The Department of Economic and Policy Research is known as DEPR and it focuses on providing research insights and managing a resilient Management Information System (MIS) pertaining to macroeconomic and financial matters. This data plays a pivotal role in crafting efficient policies and strategies, ultimately bolstering the nation's economic stability. Annually, the RBI hires Grade B officers for the DEPR division, along with the notification that covers the openings for Grade B DSIM and Grade B General as well. With aspirants awaiting the release of the notification for the RBI Grade B Exam for 2025, they would also be anticipating the RBI Grade B DEPR recruitment details for the upcoming exam cycle. This section introduces you to the official RBI Grade B DEPR recruitment process, with further details elaborated in subsequent sections. Therefore, make sure that you go through the entire page carefully, so that you're well-informed about this significant opportunity.
RBI Grade B DEPR Highlights --cy--
| Conducting Body | Reserve Bank of India |
|---|---|
| Official Website | www.rbi.org.in |
| RBI Post | Grade B Officer Department of Economic and Policy Research(DEPR) |
| Mode of Application | Online |
| Stages of Exam | Phase 1 :
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| Total Marks |
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| Events | Important Dates for RBI Grade B Exam |
| Start Date of Online Application and Exam Fee Payment | July 25, 2024 |
| Last date of Online Application and Exam Fee Payment | August 16, 2024 (till 6:00 pm) |
| RBI Grade B Phase 1 Online Exam – GENERAL STREAM | September 8,2024 |
| RBI Grade B Phase 1 Online Exam – DEPR (Paper I and II) and DSIM (Paper I) STREAMs | September 14, 2024 |
| RBI Grade B Phase 2 Online Exam – GENERAL STREAM | October 19, 2024 |
| RBI Grade B Phase 2 Online/Written Exam – DEPR (Paper I and II) and DSIM (Paper II and III) | October 26, 2024 |
RBI Grade B DEPR Notification 2025
The Department of Economics and Policy Research (DEPR) is one of the three posts announced by the Reserve Bank of India this year. As the name suggests, this job requires you to undertake economic analysis and research as well as to contribute to policy formulation. The RBI Grade B Notification 2025 has not yet been released since the current recruitment cycle is still an ongoing process. Once the current exam cycle ends, aspirants for the DEPR section will need to apply for the exam once the 2025 recruitment notification is released. The RBI Grade B DEPR notification will contain all the important details aspirants need to know regarding the RBI Grade B DEPR Exam. Please note, there were previously several changes in the RBI Grade B DEPR recruitment process made in the official notification. Please study the following section carefully.
RBI Grade B DEPR Exam : Changes Introduced
According to the notification released in the previous years, the RBI Grade B DEPR notification, the following changes have been introduced in the RBI Grade B DEPR recruitment process.
- Firstly, the RBI Grade B selection process will comprise 4 written papers in 2 Phases, i.e., 2 papers in each phase. Earlier, Phase 1 had 1 paper only.
- Next, the RBI Grade B DEPR syllabus has been very well-defined in the RBI Grade B DEPR notification. Earlier, the syllabus was quite nebulous, but now the RBI has clearly defined the scope of the assessment.
- The cut-off date for the age criteria and the educational qualification has also changed.
We need to wait and see if the RBI Grade B DEPR recruitment 2025 will follow the same process when the notification is released.
RBI Grade B DEPR Exam Pattern
The Reserve Bank of India (RBI) Grade B DEPR (Department of Economic and Policy Research) exam is conducted in three phases: Phase 1, Phase 2, and an interview. Please note, as per the previous year RBI Grade B DEPR notification, the RBI Grade B DEPR exam pattern will now consist of 4 papers spread across 2 phases, i.e., 2 papers in each phase. Earlier, there was only 1 paper in the Phase 1 exam. Candidates will be shortlisted for Phase 2 on the basis of the cut-off marks decided by the bank.
Below is the exam pattern for the RBI Grade B DEPR exam.
| Phase | Paper | Exam Type | Maximum Marks | Duration |
|---|---|---|---|---|
| Phase 1 | Paper 1 | Objective Type (on Economics) | 100 | 2 hours |
| Paper 2 | Descriptive English (to be typed with the help of keyboard) | 100 | 2 hours | |
| Phase 2 | Paper 1 | Descriptive Type (on Economics) (Question paper displayed on computer, answers to be written on paper) | 100 | 2 hours |
| Paper 2 | Descriptive Type (on Economics) (Question paper displayed on computer, answers to be written on paper) | 100 | 2 hours | |
| Total | 400 | |||
| Phase 3 | Interview | Candidates will be shortlisted for the interview, based on aggregate marks obtained in Phase I and Phase 2 | 75 | |
RBI Grade B DEPR Interview
Achieving the required minimum marks in both Phase 1 and Phase 2 of the RBI Grade B DEPR Exam opens the gateway to the subsequent phase, the RBI Grade B DEPR Interview. This interview holds a weightage of 75 marks. To secure a position in the final merit list of RBI Grade B DEPR, it is essential to aim for a notably high rank.
RBI Grade B DEPR Exam Dates 2025
To ensure that you finish the curriculum well in advance of the exam, you must be aware of the important RBI Grade B DEPR dates . The RBI Grade B DEPR (Department of Economics and Policy Research) examination presents a remarkable opportunity for individuals holding a Postgraduate degree in Economics who aspire to begin a career as a Grade B officer with the Reserve Bank of India. The Reserve Bank of India has not yet released the RBI Grade B DEPR exam dates 2025 or the RBI Grade B DR-General notification. The Phase 1 of the current exam cycle was conducted on September 14, 2024 while the Phase 2 of the exam will be held on October 26, 2024 as per the current notification.
RBI Grade B DEPR Syllabus
Prior to commencing your RBI Grade B DEPR exam preparation, it is imperative to thoroughly acquaint yourself with the comprehensive syllabus. The syllabus for the RBI Grade B DEPR (Department of Economic and Policy Research) examination has been meticulously given in the official RBI notification, a marked improvement from previously somewhat ambiguous guidelines. As an aspirant, it's essential to consult RBI publications, including the Annual Report, Report on Trends and Progress of Banking in India, and Reports pertaining to Monetary Policy and Financial Stability. This clarity and specificity in the syllabus enable candidates to structure their preparation effectively and enhance their chances of success in the examination. The expected RBI Grade B DEPR syllabus 2025 is mentioned in the table below.
| RBI Grade B DEPR Phase 1 and Phase 2 Syllabus | |
|---|---|
| Topics | Sub-Topics |
| Paper I Objective Type (on Economics) |
|
| Phase - I - Paper-II Descriptive Type (on English) | The paper on English shall be framed in a manner to assess the writing skills including expression and understanding of the topic |
| Phase - II Descriptive Type (on Economics) (Question paper displayed on computer, answers to be written on paper) | |
| Module on Quantitative Methods in Economics |
|
| Module on Indian Economy – Policy and Trends |
(Equal weightage will be given to Quantitative Economics and Indian Economy-related modules) |
RBI Grade B DEPR Eligibility Criteria
You should have clear understanding of the RBI Grade B DEPR eligibility criteria with respect to education qualification, age limit and the number of attempts permissible in order to apply to the RBI DEPR exam. Generally, the candidates must have attained the age of 21 years but not yet reached the age of 30 years as of the date of application. Further, as for the educational qualification, the PGDM/MBA in Finance and Economics clause has been removed. Usually, the number of attempts is restricted to 6 chances, but with exceptions as accorded by the Government. Please take a look at the table below to know the expected RBI Grade B eligibility criteria in more detail.
| Name of the Post | Educational Criteria | Desirable |
|---|---|---|
| Officers in Grade 'B' (DR) - DEPR | Master’s degree in economics with minimum 55% marks (50% for SC/ST/PwBD applicants) OR Master’s degree in finance with minimum 55% marks (50% for SC/ST/PwBD applicants) Note – for a degree to be considered as that in Economics or Finance, Economics for Finance should be the ‘principal constituent’ of the syllabus, respectively. ‘Principal constituent’ with respect to the syllabus/curriculum means that half or more of the total courses/electives/credits must be in Economics or Finance. |
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RBI Grade B DEPR Salary
Upon appointment as an RBI Grade B (DEPR) Officer, your compensation will be structured within the pay scale of ₹55200-2850(9)-80850-EB-2850 (2) - 86550-3300(4)-99750 (16 years). The RBI Grade B salary package is now notably attractive, with a starting monthly gross emolument, encompassing a range of allowances and perks, totaling around ₹1,16,914. In addition, Grade B Officers are entitled to receive various supplementary benefits, including Dearness Allowance (D.A), House Rent Allowance (H.R.A), Conveyance Allowance (C.A), and more. This remuneration structure underscores the RBI's commitment to offering a competitive and comprehensive compensation package to its Grade B Officers.
For detailed insights, please refer to the table below.
| Pay and Allowances | RS. | Deductions | RS. |
|---|---|---|---|
| Basic Pay | 55200.00 | EE NPS Contribution Amount | 9968.00 |
| Grade Allowance | 11500 | Prof Tax-split period | 200.00 |
| Dearness Allowance | 23986.00 | BF EE NPS Monthly Contribution | - |
| House Allowance | 60,000.00 | House Rent Recovery | - |
| COPS Incentive | 2720.00 | Meal Coupon Deduction | 400.00 |
| Spl Perquisite Allowance | 4102.00 | MAF | 300.00 |
| Spl Allow-Direct Recruit | 9750.00 | RBI Officers Association Contribution-Mumbai | 1000 |
| Local Compensatory Allows | 3664.00 | Meal Allowance | 5468.00 |
| Income Tax | - | Gross Pay | 172,506 |
| Total Deductions | - | ||
RBI Grade B (DEPR) Job Profile
A DEPR Officer in RBI Grade B works in the following departments- the Department of Economic and Policy Research (DEPR), Monetary Policy Department (MPD), International Department, and Strategic Research Unit (SRU). Besides this, a DEPR Officer can also get posted in departments like the Department of Statistics and Information Management, Internal Debt Management Department, Department of External Investments and Operations, Financial Markets Regulation Department, Financial Markets Operations Department, Department of Banking Regulation, Financial Stability Unit among others.
- An RBI Grade B (DEPR) Officer's primary work is to study the Economic Status of the country and to carry out research and analysis of the Indian Economy. A DEPR Officer spends her/his career in the RBI Central Office, Mumbai branch. S/he can be shifted to other state’s regional offices also if required. The job profile of a DEPR Officer depends on the department he/she is placed in. In Regional offices, various surveys related to Pharmaceutical, Agriculture, Retail, Banking outreach, Medicine, and Wholesale data of food articles take place from time to time.
- The data is then further sent to RBI’s Central Office for analysis and formulation. The data collected is useful for the Local Board meetings conducted by the Regional Director.
- In the DEPR department, DEPR Officers have to work on macroeconomic analysis and research on the Indian economy. They are also expected to research issues related to the economy. The Research usually relates to the real economy, fiscal, money and banking, and external economy. Apart from that, Financial markets research is also carried out by the DEPR officers.
- In the international department, research related to India’s economic relations with agencies like IMF, and others take place.
- In the Strategic Research Unit or SRU, core economic issues such as unemployment, poverty, or any other important issue that needs to be researched are carried out.
RBI Grade B DEPR Career Growth
RBI Grade B (DEPR) Officer’s growth in the Reserve Bank of India depends on one’s performance. After five years and more with RBI, you will be promoted to Assistant General Manager. You will also be eligible to apply for the Grade C, Grade D, and Grade E officer exams, and so on. RBI Officers also get a chance for further education across the world. Further education is borne partially-fully by the Reserve Bank of India. Further, there are chances for RBI Officers to be working with organizations like the IMF, World Bank, Bank of International Settlements (BIS), Switzerland, and more.
RBI Grade B DEPR Previous Year Cut Off
RBI Grade B Officer is one of the most awaited jobs among all the government job aspirants which makes it even tougher to compete for. Therefore, it becomes mandatory for you to try as hard as you can to nail this examination. Preparation should always be preceded by gathering all required information, which also includes knowing the RBI Grade B previous year cut-off that gives an idea of the level of the examination.
RBI Grade B DEPR Cut–Off 2023 in Paper 1, Paper 2 and Paper 2 (Objective + Descriptive)
| Recruitment Stage | Category | |||||
|---|---|---|---|---|---|---|
| UR | OBC | SC | ST | EWS | PwBD | |
| AGGREGATE CUT-OFF MARKS IN PHASE -I (PAPER- I AND PAPER-II) (OUT OF TOTAL 200 MARKS). | 112.00 | 102.00 | 98.00 | 98.00 | 112.00 | 98.00 |
| AGGREGATE CUT-OFF MARKS IN PHASE-I (PAPER- I AND PAPER-II) AND PHASE-II (PAPER- I AND PAPER-II) TAKEN TOGETHER FOR SHORTLISTING THE CANDIDATES FOR INTERVIEW (OUT OF TOTAL 400 MARKS) | 254.17 | 234.50 | 226.17 | 226.17 | 254.17 | 226.17 (No candidate shortlisted for interview phase) |
| AGGREGATE MARKS IN ONLINE / WRITTEN EXAMINATION (PHASE-I AND PHASE-II) AND INTERVIEW TAKEN TOGETHER (OUT OF TOTAL 475 MARKS) OBTAINED BY THE LAST RECOMMENDED CANDIDATE WITH REFERENCE TO THE NO. OF VACANCIES NOTIFIED IN THE ADVERTISEMENT. | 322.00 | 293.17 | 275.17 | 258.17 | 301.67 | No candidate shortlisted for interview phase |
RBI Grade B DEPR Cut Off 2022 in Paper 1
| RECRUITMENT STAGE | CATEGORY & CUT OFF MARKS | |||||
|---|---|---|---|---|---|---|
| GENERAL | OBC | SC | ST | EWS | PwBD | |
| Cut – off marks in paper- I (objective type test on economics) (out of total 100 marks). | 41.00 | 36.00 | 34.00 | 34.00 | 41.00 | 34.00 |
RBI Grade B DEPR Cut–Off 2022 in Paper 1, Paper 2 and Paper 2 (Objective + Descriptive)
| RECRUITMENT STAGE | CATEGORY & CUT OFF MARKS | |||||
|---|---|---|---|---|---|---|
| GENERAL | OBC | SC | ST | EWS | PwBD | |
| Aggregate cut off marks in paper I, paper ii and paper iii taken together in written examination for shortlisting the candidates for interview (out of total 300 marks) | 191.67 | 176.67 | 170.67 | 170.67 | 191.67 | 170.67 No candidate shortlisted for interview phase |
RBI Grade B DEPR Final Cut Off 2022 (Paper- 1, 2 and 3 And Interview)
| RECRUITMENT STAGE | CATEGORY & CUT OFF MARKS | |||||
|---|---|---|---|---|---|---|
| GENERAL | OBC | SC | ST | EWS | PwBD | |
| Aggregate marks in written examination (paper- I, ii and iii) and interview taken together (out of total 375 marks) obtained by the last recommended candidate with reference to the no. Of vacancies notified in the advertisement. | 255.00 | 224.00 | 219.34 | 206.50 | 238.16 | No candidate shortlisted for interview phase |
RBI Grade B DEPR Final Cut off 2021 (Paper- 1, 2 and 3 And Interview)
| Section | Category-Wise Cut Off | |||||
|---|---|---|---|---|---|---|
| General | OBC | SC | ST | EWS | PwBD | |
| Aggregate Cut Off Marks In In Written Examination (Paper- I, II and III) And Interview Taken Together (Out Of Total 375 Marks) Obtained By The Last Recommended Candidate With Reference To The No. Of Vacancies Notified In The Advertisement. | 249.83 | 220.83 | 186.34 | No candidate shortlisted for interview phase | 208.01 | No candidate shortlisted for interview phase |
RBI Grade B DEPR Cut off 2021 in Paper 1, Paper 2 and Paper 2 (Objective + Descriptive)
| Section | Category-Wise Cut Off | |||||
|---|---|---|---|---|---|---|
| General | OBC | SC | ST | EWS | PwBD | |
| Aggregate Cut Off Marks In Paper I, Paper II and Paper III Taken Together In Written Examination For Shortlisting The Candidates For Interview (Out Of Total 300 Marks) | 183.17 | 172.83 | 162.17 | 162.17 | 183.17 | 162.17 (No candidates shortlisted for interview phase) |
RBI Grade B DEPR Cut-Off 2021 in Paper 1
Given below is the detailed insight into RBI Grade B Phase 1 category-wise cut-off.
| Section | Category-Wise Cut Off | |||||
|---|---|---|---|---|---|---|
| General | OBC | SC | ST | EWS | PwBD | |
| Aggregate Cut Off Marks In Paper I, Paper II And Paper III Taken Together In Waggregate Cut – Off Marks In Paper- I (Objective Type Test On Economics) Of Written Examination For Candidates Whose Paper II (Descriptive Type Test) Were Assessed (Out Of Total 100 Marks) Written Examination For Shortlisting The Candidates For Interview (Out Of Total 300 Marks) | 47.83 | 42.83 | 40.83 | 40.83 | 47.83 | 40.83 (LD) 47.83 (HI, VI, MD)-AS NO VACANCY RESERVED |
RBI Grade B DEPR Preparation Strategy
RBI Grade B DEPR is a great opportunity for candidates aspiring to work in the Reserve Bank of India. The key to success lies in the effective RBI Grade B DEPR preparation strategy one makes before starting to prepare for the exam. Therefore, you need to focus on what will work for you best. As the vacancies are fewer you cannot take any risk in your preparation journey.
To excel in your preparations for the RBI Grade B DEPR examination, it is crucial to tailor a study plan that aligns with your unique circumstances, whether you are a working professional or a dedicated student preparing from the comfort of your home. Here are some essential steps to structure an effective study routine for RBI Grade B DEPR Exam:
Customize Your Study Schedule :
- For Working Professionals: If you have a job or other commitments, make sure to allocate study hours that fit your work schedule. Consider dedicating focused study time before or after work, during lunch breaks, or on weekends.
- For Students/Preparers at Home: If you have the flexibility to dedicate more time to your preparation, plan your study hours accordingly. Create a daily or weekly schedule that covers all the required subjects and topics.
Syllabus and Reference Material :
- Begin by compiling a comprehensive list of the entire syllabus for the RBI Grade B Officer DEPR exam. Organize it into sections and topics for better clarity. Gather all the necessary reference materials, textbooks, study guides, and online resources that you'll need throughout your preparation. This will save you time.
Incorporate Short Breaks :
- Recognize the importance of short breaks in maintaining your productivity and focus. Include brief intervals between study sessions to recharge your energy and prevent burnout.
Mock Test Practice :
- Consistent and regular practice of RBI Grade B (DEPR) mock tests is a key component of your preparation strategy. Mock tests help you become familiar with the exam format, improve your time management skills, and gauge your overall progress. The more you practice, the better your speed and accuracy will become, which are crucial factors for scoring well in the actual exam.
Stay Informed with RBI Official Resources :
- Don't forget to visit the official Reserve Bank of India (RBI) website regularly. Here, you can find valuable information such as Trends in Banking, the Annual Report, RBI Bulletin, and more. Staying updated with these resources will give you insights into the latest developments in the banking sector, which can be relevant for the DEPR examination.
In summary, designing a successful study plan for the RBI Grade B (DEPR) Officer exam involves personalization, organization, regular practice, and keeping up with official RBI resources. Following these steps will help you achieve your study goals and boost your chances of success in this competitive exam.
RBI Grade B DEPR Books and Reference Material
You must have your RBI Grade B DEPR study material handy with you so that you are not confused about the books to go for. For ESI, you can refer to the 12th NCERT Standards Macroeconomics and cover the rest of the syllabus from a book called Indian Economy by Ramesh Singh. The last 5 months of Yojana Magazine are a must. You can get it online or in any bookstore nearby. Don’t forget to read the newspaper on a daily basis. Newspapers like Economic Times/ Mint will be very useful in your preparation journey.
Some important RBI Grade B study materials are mentioned below for your assistance which can be useful for the RBI Grade B DEPR exam.
| Subject | Sub Areas | Books |
|---|---|---|
| Macro-economics | Macro and Money Banking | Macroeconomics: Theories and Policies, by Froyen |
| Macroeconomics concepts | Macroeconomics – HL Ahuja | |
| Growth and development | Economics of Development by A. P. Thirlwall Economics of Development and Planning by M L Jhingan | |
| International Economics | International Economics: Trade and Finance, by Dominick Salvatore | |
| Public Finance | Public Finance in Theory and Practice | 5th Edition by Richard Musgrave and Peggy Musgrave | |
| Indian Economy | Uma Kapila Ramesh Singh | |
| Micro-economics | Micro economics | Advanced Economic Theory; Microeconomic Book by Ahuja H.L. |
| Econometrics and Statistics | Econometrics | Gujarati |
| Statistics | S. C Gupta | |
| Other Important documents | Economic Survey – 2021 + 2022 (when released) | |
| Budget – latest + other government announcements | ||
| RBI’s Financial Stability Report | ||
| RBI’s Monetary Policy | ||
RBI Grade B DEPR Mock Tests
ixamBee offers an extensive RBI Grade B DEPR mock test series, a valuable resource to aid you on your preparation journey. These mock tests play a pivotal role in assessing and enhancing your knowledge and readiness for the examination. By engaging in these practice tests, you can thoroughly evaluate your level of preparation and identify areas for improvement. Additionally, the mock tests provide an authentic exam-like setting, allowing you to become familiar with the pressures and challenges experienced in the actual examination hall. This comprehensive and strategic approach to preparation ensures that you are well-equipped to excel in the RBI Grade B DEPR examination.
RBI Grade B DEPR Online Course
To assist you with the preparation, ixamBee offers a comprehensive Online Course for the RBI Grade B DEPR exam. This course is curated and well-crafted with all that is needed to ace the RBI Grade B DEPR exam. This RBI Grade B DEPR Online Course is designed by our experts who themselves have cleared the DEPR exam. The Course consists of Video Lessons and Study notes designed by expert faculty, Mock tests, and Interview Guidance. Some salient features of the RBI Grade B DEPR Online Course are provided below.
- Video Lessons & Study Notes: Video lessons and study notes which cover all conceptual and key points of Economics syllabus.
- RBI Grade B DEPR Mock Tests: 10 full length tests for RBI Grade B DEPR phase 1 paper 1 exam (objective type) with detailed solutions for each question and 5 mock tests for descriptive English for phase 1 paper 2 exam. You will also get 5 practice tests each for both the papers of descriptive economics for the phase 2 exam.
- RBI Grade B DEPR Practice Tests: To help you we provide 600 MCQs for practise including 300 numericals
- Descriptive Economics: Our RBI Grade B DEPR online test series have been created to give you a real exam feel and make you accustomed to writing the paper. These Descriptive DEPR practice tests will be evaluated by the faculty and detailed feedback will be provided to you.
- Descriptive English: RBI Grade B DEPR Online Course will give you access to video lessons and study notes on writing skills, sample essays, suggested topics and 5 Descriptive English Mock Tests with individual Performance Feedback.
- Interview Guidance: At interview stage, our experts will provide interview guidance in the form of Mock Interviews and personal feedback on your performance
In order to ensure a seat as an RBI Grade B DEPR Officer, it is essential to grab every piece of information regarding the exam. Our Experts have provided Study notes and Videos to help in your preparation. These videos might assist you in the RBI Grade B DEPR exam preparation. Some videos regarding RBI Grade B DEPR Exam are provided below.
