TLDR;
The video is a Q&A session addressing aspirants' doubts about the RRB Scale II and III exams. It covers eligibility criteria based on experience, the level of competition, preference filling, and strategies for exam preparation. The speaker emphasizes the importance of current banking awareness, dispels myths about selection barriers, and encourages aspirants to aim for their desired state preference.
- Eligibility criteria for Scale II and III exams based on experience.
- Level of competition and strategies to overcome it.
- Importance of current banking awareness and financial knowledge.
- Preference filling strategy for state selection.
- Encouragement to aim for desired state and crack the exam.
Introduction [0:00]
The session starts with the speaker confirming audibility and visibility before diving into a Q&A session focused on addressing the doubts of aspirants regarding the RRB exams. The speaker mentions that this live session is happening after an RBA circular class.
RRB Scale II and III Exam Differences and Eligibility [1:36]
The speaker clarifies that the exam level for RRB Scale II and III is almost the same, including computer knowledge and banking/financial awareness. Scale III may have additional professional banking questions, mostly credit-related. The interview is the main deciding factor. Experience in NBFCs related to the stock market or six years in retail branch banking makes candidates eligible. If someone has 10 years of experience in ICICI, they should go for Scale III, regardless of their current salary.
Strategy and Competition Level [3:43]
For those with six years of experience in retail branch banking, Scale III is recommended. The speaker stresses the importance of being updated on current banking developments to avoid rejection during interviews. Career gaps are less of an issue in these exams compared to private sector jobs. Even with fewer vacancies, candidates should apply, prioritizing their preferred state. The level of competition is similar for both Scale II and III, but Scale III candidates often have more experience and responsibilities, which can be a disadvantage if they aren't well-prepared.
Experience Certificate and Exam Preparation [6:35]
No experience certificate is required to apply. For financial awareness preparation, candidates should start with the basics like the Indian financial sector, BR Act, RBI Act, and KYC, following a topic-wise approach available in the application. For those applying for BOB, focus on credit and professional banking topics like Basel, KYC, and credit management, including MSMEs.
Preference Filling and Vacancy Considerations [7:19]
When filling preferences, prioritize Maharashtra if that's the desired state, followed by nearby states like Gujarat and Rajasthan. Those with more than five years in IT can go for Scale II, but if the IT experience is in banking, Scale III is suitable. Even with one position in a preferred state, candidates can get selected if they score well. If there is no account experience, go for Scale II, or Scale III if age is a constraint.
Rationalization of Employees and Vacancy Reporting [9:33]
If an experience certificate isn't available, upload the HRMS, promotion letter, or joining letter with a declaration. Rationalization of employees is underway in UP bank, and efforts are being made to address zero vacancy reporting in some RRBs. The speaker mentions sending letters to six RRBs (excluding Tripura) that reported zero vacancies, advocating for recruitment to alleviate strain on current employees.
High-Weightage Topics and Exam Dates [10:50]
For BOB exams, focus on credit and professional banking, including Basel norms, KYC guidelines, and MSME-related topics. Mock tests are expected in mid-September, and RRB exams by the end of September. OBC candidates can apply, but EWS should be avoided if not eligible. RRB Scale III results are expected in the first week of December or the last week of November.
Preference Strategy and Knowledgeist's Role [13:11]
Prioritize the state where you want to serve when filling preferences. Many RRBs revise their seat numbers annually. The speaker attributes under-reporting this time to rationalization. Knowledgeist is highlighted as a key resource for banking lateral entry aspirants.
BOB Contractual and Credit Management [14:11]
BOB contractual employees can apply. Credit management videos with quizzes and PDFs are important resources. The chances of a credit analyst waiting list are low; new vacancies are more likely. Banks are working to rationalize their employee base, influenced by union pressure.
RBI Circulars and Exam Insights [15:35]
Reading RBI circulars for a minimum of one year and up to three years provides more insight. The speaker acknowledges the dedication of aspirants attending the session late at night after a long day.
System Engineer and Bank Vacancies [16:36]
A system engineer with finance experience should apply for Scale II. Banks are expected to release vacancies again. Under-reporting of vacancies is an issue for everyone but can be turned into an advantage.
Revised Vacancies and Safe Scores [17:53]
Banks have revised clerk vacancies, and other banks will likely follow suit. Vacancy numbers can be revised even after the written exam. A safe score for BOB LBO in Gujarat is around 50%, while a 60+ score is generally safe.
EWS Eligibility and Exam Choices [19:11]
For EWS eligibility, combined family income should be below 8 lakhs. Applying based on parents' income is risky due to potential rejection. If eligible for both Agri Scale II and GBO, Agri Scale II is easier to crack, but GBO has fewer posts.
Vacancy Reporting and Finance Ministry Mandate [20:10]
There's a mandate from the Finance Ministry for RRBs to address attrition and recruit more people due to understaffing. The speaker has written to DFS multiple times regarding staffing issues in RRBs. The Finance Ministry has warned RRB chairmen to report vacancies, leading to an increase in numbers. Some RRBs haven't rationalized manpower due to recent mergers, causing delays in reporting exact post availability.
Future Vacancies and Selection Strategy [21:44]
Every bank will report vacancies next year. If selected for Scale II this year, aim for Scale III next year in your home state. Secure a selection before the age limit crosses. Under-reporting of vacancies is due to specific conditions.
Gujarat Vacancy and Target Scores [22:16]
Gujarat may have under-reporting of branch vacancies. Aim for 70+ marks in other states, but 60+ might suffice for Gujarat due to higher vacancies.
Subscriber-Only Chat and Course Information [26:14]
The session transitions to a subscriber-only chat. Information about joining the RRB batch is provided, with a course link shared for easy access.
Experience and Scale Recommendations [27:39]
With 6.5 years of experience in loan sales, BBB operations, and WBO, Scale III is recommended. For B LBO, focus on Readyer materials.
Exam Dates and Eligibility Clarifications [29:18]
Bank of Maharashtra Scale II exam is expected in October. Working in multiple banks is not an issue for eligibility.
Preference List for Northeastern States [30:14]
When applying for northeastern states from West Bengal, prioritize the home state first, followed by states where you are fluent in the local language, such as Assam if fluent in Bengali.
Financial Awareness and Exam Level [31:31]
The level of financial awareness required is slightly harder for Scale III compared to Scale II.
Bank Preference and Exam Scores [31:55]
For those who resigned from Axis operations, RRB and Bank of Maharashtra are recommended. A score of 104 is highlighted.
Bank of Maharashtra Scale III Experience [32:44]
Bank of Maharashtra Scale III requires mandatory BM experience.
Last Live Batch Announcement and Trend Setting [33:11]
The last live batch for RRB with unlimited slots will start on September 10th. The speaker claims to be the trendsetter in banking lateral entries since 2020, with over 11,000 people switching jobs. The speaker encourages aspirants to seize the opportunity before AI takes over jobs in the private sector.