Yes, there is an interview round as part of the selection process for the RBI Grade B Exam.

Selection Process for RBI Grade B Exam:
The selection process for the RBI Grade B Exam consists of three stages:

1. Preliminary Examination: This is the first stage of the selection process and is conducted in an online mode. It consists of multiple-choice questions that evaluate the candidate's knowledge in subjects like English Language, Quantitative Aptitude, Reasoning Ability, and General Awareness.

2. Main Examination: Candidates who qualify the preliminary examination are shortlisted for the main examination. The main examination is also conducted in an online mode and consists of three papers - Economic and Social Issues, English (Writing Skills), and Finance and Management. The main examination is designed to assess the candidate's understanding of the economic and financial sector, as well as their writing skills.

3. Interview: The final stage of the selection process is the interview round. Candidates who clear the main examination are called for an interview conducted by a panel of experts. The interview is intended to evaluate the candidate's personality traits, communication skills, and overall suitability for the role of an RBI Grade B officer.

Interview Process:
The interview round plays a crucial role in the final selection of candidates for the RBI Grade B Exam. Here are some key points about the interview process:

1. Call Letter: Shortlisted candidates receive a call letter mentioning the date, time, and venue for the interview. It is important to carry the call letter along with other necessary documents to the interview venue.

2. Panel of Experts: The interview is conducted by a panel of experts who are well-versed in the field of banking and finance. The panel may consist of RBI officials, academicians, and industry experts.

3. Duration and Format: The interview usually lasts for 15-20 minutes. The format may vary, but it generally involves a mix of personal and technical questions to assess the candidate's knowledge, analytical skills, and problem-solving abilities.

4. Evaluation Parameters: The panel evaluates candidates based on various parameters such as communication skills, leadership qualities, general awareness, subject knowledge, and overall suitability for the role.

5. Final Selection: The final selection is based on the candidate's performance in the main examination and the interview. The marks obtained in the main examination and interview are combined to prepare the final merit list.

Conclusion:
The interview round is an important stage of the selection process for the RBI Grade B Exam. It helps in assessing the candidate's suitability for the role of an RBI Grade B officer based on their personality traits, communication skills, and subject knowledge. Candidates should prepare well for the interview by staying updated with current affairs, practicing mock interviews, and showcasing their strengths and abilities during the interview.