RBI Grade-B DEPR (Department of Economic & Policy Research)

  • Every year the Reserve Bank of India conducts the RBI Grade B DEPR examination.
  • The selected candidates are placed in the division to carry macroeconomics research and analysis for the Indian economy. 

What to do after an economics degree, RBI conducts RBI Grade-B DEPR exam to select individuals to help boost the Indian economy & Ecoholics is here to help. Every year the Reserve Bank of India conducts an exam called the RBI Grade-B (DR) DEPR to skim candidates exclusively for a position in the Department of Economics & Policy Research (DEPR). 

It’s a division responsible for carrying out macroeconomic research and analysis of the Indian Economy. At Ecoholics we leverage our years of experience & successful track record to help candidates crack the exam. Our extensive approach includes detailed study material, & expert guidance to help candidates to navigate the examination to a triumphant victory.    

RBI GRADE-B DEPR Topper 2022

Understanding the RBI Grade-B DEPR Examination

The Reserve Bank of India Grade B DEPR exam is conducted in three distinct phases of 100 marks each. Phase-I, consists of two papers. Paper-I including objectives exclusively from the subject of economics, Paper-II covers descriptive English. The shortlisted candidates are eligible to appear for the Phase-II of the examination.  

Phase-II, also comprising two papers related to economics, candidates are strongly advised to read till last to understand the detailed instructions. Selected candidates appear for the third and final step is Phase-III, interview. It is mandatory for every selected candidate to appear for the RBI Grade B DEPR interview/  personality test. Here the panel would access the candidate’s personality, aptitude, attitude and other attributes required for the job.   

RBI Grade B Syllabus & Exam Pattern

The applicants are required to have a clear idea about the syllabus and exam pattern for the RBI Grade B post before applying for the examination. The RBI Grade B syllabus includes the following points. 

  • Standard of papers on Economics similar to that of Master’s Degree examination in Economics for any Central University of India. 
  • The Syllabus for English covers essay, precise writing, comprehension, and Business/Office. 
  • Candidates are advised to refer to the following study material.
    • RBI publications like Annual Report, Report on Trend and Progress of Banking in India. 
    • Monetary Policy Report and Financial Stability Report. 
    • Economic Survey published by the Government of India over the last two years. 
    • Detailed syllabus is provided in the link below.
The RBI Grade B examination pattern including all three phases is explained in the following table.





Max. Marks




Economics (Objective)



2 Hours



English (Descriptive)



2 Hours



Economics (Descriptive)

Written (Questions on Computer answers on Paper)


2 Hours


Paper 2

Economics (Descriptive)



2 Hours



Eligibility Criteria for RBI Grade B DEPR

Candidates appearing for the RBI Grade B DEPR examination must fulfil the following criteria. 

  • Age Limit for the candidate must be between 21-30 years as of January 1 of the year of application.
  • Age relaxation is provided for reserved category candidates as per the norms of Government of India.
  • For applicants having an M.Phil degree, the age limit is 32 years and for the Ph.D degree holders its 34 years.  

The aforementioned criteria must be followed by every candidate. Moreover, the educational qualification for RBI Grade B DEPR examination are explained as follows. 

  • It should be noted that for (A) & (C) the minimum obtained marks must be 55% or an equivalent grade in aggregate of all semesters / years from a recognized Indian or Foreign University / Institute. 
  • For SC, ST and PwBD candidates, the minimum marks required for a Master’s degree for (A), (B), & (C) must be above 50%. 
  • “Principal Constituent” is referred to as a syllabus / curriculum stating that half or more of the total courses / electives / credits must be in Economics or Finance. 
  • “Specialisation” in Economics / finance states that a third or more of the total courses / electives / credits in second year must surround Economics / Finance. 
  • Candidates having M.Phil degree and a Doctorate Degree from a recognized Indian / Foreign University / Institute in economics wil have age limit relaxation for 2 and 4 years. 
  • Candidates having Master’s Degree with research / teaching experience at a recognized Indian University / Foreign University / Institute in Economics will be eligible for relaxation in upper age limit. 
    • It will be applied to the extent of the number of years of such experience. 
    • Will be subject to a maximum of  three years. In case of experience the probationary period will not be reckoned. 
      • The aforementioned age relaxation will not be cumulatively available with age relaxation available to various categories as mentioned above. 

The General category aspirant is provided with 6 attempts to appear for the RBI Grade B DEPR Phase I examination. At the same time there is no limit for SC/ST/OBC/PwD/EWS aspirants.

Highlights of the RBI Grade B Examination

Here are some major highlights of the Reserve Bank of India Grade B, DEPR examination as follows. 



Conducting Organisation

Reserve Bank of India

Exam Level



Grade D (DR) for General, DSIM and DEPR Streams


Once a Year

Mode of Application


Application Fees

  • General – 850/-
  • Others – 100/-

Exam Mode


Exam Duration

  • RBI Grade B Phase I : 2 Hours.
  • RBI Grade B Phase II : 4:30 Hrs.



Official Website

Frequently Asked Questions (FAQs):

RBI Grade B DEPR and DSIM are two different streams of recruitment for the Reserve Bank of India. DEPR stands for Department of Economic and Policy Research, while DSIM stands for Department of Statistics and Information Management. Both departments are involved in conducting research and analysis for the RBI, but they have different roles and responsibilities.

Yes, the RBI Grade B DEPR exam has 1/4th negative marks on a wrong answer in the objective type paper. 

Yes, the written paper and the interview phase have Hindi or English available as an optional language except for Phase I-Paper II (English).

Selected Candidates will draw a starting basic pay of ₹55,200/-p.m. in the pay scale of ₹55200 Officers in Grade B and they will also be eligible for various allowances. At present, initial monthly gross emoluments (without HRA) are Rs. 1,16,914/- (approximately).

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