(Jobs) RBI : Recruitment 98 Officers in Grade ‘B’ (General)-DR - 2013

Reserve Bank of India

Applications (App.) are invited for the post mentioned below in Reserve Bank of India (RBI/Bank) from Indian citizens, citizens of Nepal and subjects of Bhutan, Tibetan refugees (who came over to India before 1st January 1962) and persons of Indian origin who have migrated from Myanmar and Sri Lanka with the intention of permanently settling in India and in whose favour Eligibility Certificates have been issued by Government of India.

Before applying, candidates should ensure that they fulfill the eligibility criteria for the post. The Reserve Bank of India Services Board, hereinafter referred to as 'Board', would admit to the Examinations all the candidates applying for this post with the requisite fee (wherever applicable) on the basis of the information furnished in the ON-LINE application and shall determine their eligibility only at the final stage i.e. interview stage. If at that stage, it is found that any information furnished in the ON-LINE application is false/ incorrect or if according to the Board, the candidate does not satisfy the eligibility criteria for the post, his/ her candidature will be cancelled and he will not be allowed to appear for interview.

Candidates are requested to apply only ON-LINE through Bank's website www.rbi.org.in No other mode for submission of application is available.

Officers in Grade 'B' (General) – (Direct Recruitment - DR)

Total Posts: 98

Age Limit : Between 21 and 30 years (candidates must have been born not earlier than 02/06/1983 and not later than 01/06/1992). For candidates possessing M.Phil. and Ph.D. qualification, upper age limit will be 31 and 33 years respectively. For candidates having experience as an officer in Commercial Bank/Financial Institution in Public Sector, upper age limit is relaxed to the extent of number of years of such experience subject to a maximum of three years. For such candidates, upper age limit should not exceed 33 years including experience. For experience, probationary period will not be reckoned. Refer item 5 below for relaxation in upper age limit for specified categories.

Pay Scale : Selected Candidates will draw a starting basic pay of Rs.21,000/- p.m. in the scale of Rs.21000-1000-30000-EB-1000-32000-1100-36400 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, initial monthly Gross emoluments are approximately Rs.47,855/-.

Educational Qualifications (as on 01/06/2013):

i) A First Class Bachelor's Degree with a minimum of 60% marks or an equivalent grade, in aggregate of all semesters / years ;

OR

ii) A Second Class Master's Degree with minimum of 55% marks or an equivalent grade, in aggregate of all semesters / years;

OR

iii) A Doctorate Degree; with minimum of 50% marks or an equivalent grade, in aggregate of all semesters / years in Master's Degree;

OR

iv) Chartered/Cost Accountant/Company Secretary (ACS) with a Bachelor's Degree;

OR

v) A Post Graduate Diploma in Management / MBA qualification from institutions recognized by Government of India / University Grants Commission, with Graduation / Bachelor's Degree.

Scheme of Selection:

Selection will be through Examinations and Interview. Examinations will be held in two phases

• Phase-I ON-LINE Examination (Objective Type)
• Phase-II Written Examination (Descriptive type)

(I) Phase-I ON-LINE Examination (Objective Type):

This Paper approximately of 3 hours duration for 200 marks will be held on, the August 17/24/25, 2013. Depending on the number of candidates , the examination may be held on some other days also. A candidate , however, has to appear for examination on only one day. The date & venue on which a candidate has to appear for examination will be specified in the Admission letter to be downloaded by the candidate. The Paper consists tests of i) General Awareness ii) English Language iii) Quantitative Aptitude and iv) Reasoning. Other detailed information regarding the examination will be given in an Information Handout, which will be made available for the candidates to download along with the Admission letter for examination from the RBI website.

Candidates have to secure minimum marks separately for each test as well as aggregate, as prescribed by the Board. Candidates, who secure minimum marks separately for each Test, as prescribed, will be shortlisted for Phase-II of the Examination based on the aggregate marks obtained in the Objective Test. The minimum aggregate cut off marks for being shortlisted for Phase-II of the Examination will be decided by the Board in relation to the number of vacancies. Roll No. of the candidates shortlisted in Phase-I of the On Line Examination ('OE') will be published on RBI website and a brief notice thereof in leading newspapers in September/ October 2013.

(II) Phase-II Written Examination (Descriptive Type):

The Phase-II Written examination (WE) will be conducted in October/ November 2013 (tentative) only for those candidates who are shortlisted for the same. The date and time-table will be intimated to the candidates concerned at the appropriate time. The Examination will consist of three Descriptive Type papers –

• Paper I – English
• Paper II – Economic and Social Issues and
• Paper III – Finance and Management.

Each of these papers is of 3 hours duration carrying 100 marks.

Application Fee:

Rs.400/- (Rupees four hundred only).

No fee is payable by SC/ST/PWD candidates. Fees are required to be paid only in the manner prescribed in this advertisement (item 8 below). Fees once paid will not be refunded under any circumstances.

How To Apply

Candidates have to apply only ON-LINE through the Bank's website i.e. www.rbi.org.in  from 12/06/2013 to 11/07/2013. Detailed instructions for applying ON-LINE are available on the website. Candidates need not submit the system generated print out (hard copy) of the ON-LINE application to the Board's office.