RBI Grade B DEPR Exam Overview

All About RBI Grade B DEPR Exam

DEPR stands for Department of Economic and Policy Research. RBI recruits Grade B officers for this department every year. 

The Grade B DEPR vacancies are released together with the recruitment notification of Grade B General and Grade B DSIM.

In 2022, the RBI Grade B notification was released on the 28th of March with a total of 294 vacancies. These 294 vacancies comprised 238 vacancies for Officers in Grade B General, 31 vacancies for the Grade B DEPR and 25 for the Grade B DSIM. 

RBI Grade B 2022 DEPR Vacancies

RBI Grade B DEPR Eligibility Criteria

Age Limit

A candidate must have attained the age of 21 years and must not have attained the age of 30 years on January 01, 2022. 

He/she must have been born not earlier than January 02, 1992, and not later than January 01, 2001.

Education Qualifications

a. A Master's Degree in Economics (or any other master's degree where "Economics" is the principal constituent* of the curriculum/syllabus, namely MA/MSc in Quantitative Economics, Mathematical Economics, Financial Economics, Business Economics, Agricultural Economics, Industrial Economics) 

OR

b. A Master's Degree in Finance (or any other master's degree where "Finance" is the principal constituent* of the curriculum/syllabus, namely MA/MSc in Quantitative Finance, Mathematical Finance, Quantitative Techniques, International Finance, Business Finance, Banking and Trade Finance, International and Trade Finance, Project and Infrastructure Finance, Agri Business Finance)

OR

c. PGDM / MBA with specialization# in Economics / Finance.

You should have a minimum of 55% marks (UG & EWS) and a minimum of 50% in the case of SC, ST and PwBD candidates.

Desirable Educational Qualification: A Doctorate Degree in Economics, or research or teaching experience in economics, or publication in the field/area of Economics in standard journals.

Age Relaxations

(i) Candidates having M.PhiI Degree and Doctorate Degree from a recognized Indian/Foreign University/Institute in economics will be eligible for relaxation in the upper age limit by 2 years and 4 years respectively.

(ii) Candidates having a Master's Degree with research/teaching experience at a recognized Indian / Foreign University / Institute in economics will be eligible for relaxation in the upper age limit to the extent of the number of years of such experience subject to a maximum of three years. For experience, the probationary period will not be reckoned.

Number of Attempts

Candidates belonging to General Category/EWSs, who have already appeared 6 times for Phase 1 examination for this post/s in the past, are not eligible to apply. No such restriction applies to candidates belonging to SC/ST/OBC/PwBD if the posts are reserved for them.

RBI Grade B DEPR Application Fees

RBI Grade B DEPR Exam Pattern

Selection for the DEPR posts is done through online examinations in Phase 1, Phase 2 and interviews.

RBI Grade B 2022 DEPR Phase 1 Exam Pattern

1. There are three sections with a total of 62 questions. Answer all questions.

2. Section I and II carry one, two and three mark questions and Section III carry one, two and four mark questions.

3. For wrong answers, there will be negative markings. The extent of negative marks will be 1/3 marks for 1 mark

questions, 1/2 mark for 2 marks questions, 1 mark for 3 marks questions and 2 marks for 4 marks questions for

all sections.

4. No Mathematical tables, Engineering tables, Calculators or Communication devices (including Cell phones) will

be supplied or allowed to be used or even allowed to be kept with the candidates. Violation of this rule may lead

to penalties.

RBI Grade B 2022 DEPR Phase 2 Exam Pattern

RBI Grade B 2022 DEPR Interview

The final selection will be on the basis of performance in the 'WE' (Paper I, II and III) and interviews took together. The interview will be 75 marks. Candidate may opt for an interview either in Hindi or English.

RBI Grade B DEPR Syllabus

The standard of papers on Economics would be that of a Master's Degree examination in Economics at any Central University in India. 

Syllabus for English: The paper on English shall be framed in a manner to assess the writing skills including expression and understanding of the topic.

Suggested reading material: RBI publications viz., Annual Report, Report on Trend and Progress of Banking in India, (iii) Monetary Policy Report and the Financial Stability Report and the Economic Survey published by the Government of India over the previous two years.

RBI Grade B DEPR Salary

Selected Candidates will draw a starting basic pay of ₹ 55,200/- per month in the pay scale of Rs. 55200-2850(9)-80850-EB-2850 (2) - 86550-3300(4)-99750 (16 years) applicable to Officers in Grade B and they will also be eligible for Dearness Allowance, Local Allowance, House Rent Allowance, Family allowance and Grade Allowance as per rules in force from time to time. 

At present, the initial monthly gross emoluments are 1,08,404/- (approximately).

The house allowance of 15% of basic pay will be paid if accommodation is not provided by the Bank. 

RBI Grade B DEPR Job Profile

The job requirements primarily include undertaking economic analysis and research and contributing to policy formulation, apart from the compilation of data relating to select sectors.