Reserve Bank Officer – with Salary 35150 – 62400

Last Updated On: 01/11/2020

Reserve Bank of India invited applications for the Grade B posts to the 199 vacancies. There are 156 vacancies in Officer (General) posts itself. The applications can be submitted online on or before October 11, 2019.

Last date of application: October 11, 2019

Salary: 35150 – 62400/-

Posts & Vacancies

Officer Grade B (General) – 156
Officer Grade B (Department of Economic and Policy Research) – 20
Officer Grade B (Department of Statistics and Information Management) – 20

ELIGIBILITY CONDITIONS:

Nationality:

a candidate must be either:-
(a) a citizen of India, or
(b) a subject of Nepal, or
(c) a subject of Bhutan, or
(d) a Tibetan refugee who came over to India before 1st January, 1962 with the intention of
permanently settling in India, or
(e) a person of Indian origin who has migrated from Pakistan, Burma, Sri Lanka, East African countries of Kenya, Uganda, the United Republic of Tanzania, Zambia, Malawi, Zaire, Ethiopia and Vietnam with the intention of permanently settling in India.

Provided that a candidate belonging to categories (b), (c), (d) and (e) shall be a person in whose favor a certificate of eligibility has been issued by the Government of India.

A candidate in whose case a certificate of eligibility is necessary may be admitted to the examination, but the offer of appointment may be given only after the necessary eligibility certificate is issued to him/her by the Government of India.

Age Limits:

(a) A candidate must have attained the age of 21 years and must not have attained the age of 30 years on the 1st of September 2019 i.e., he/she must have been born not earlier than 2nd September 1989 and not later than 1st September 1998. For candidates possessing M.Phil. and Ph.D. qualification, upper age limit will be 32 and 34 years respectively.

(b) The upper age-limit prescribed above will be relaxed:
i. up to a maximum of five years for candidates belonging to a Scheduled Caste or a Reserve Bank of India Services Board, Mumbai Advt. No. 1 A /2019-206
Scheduled Tribe if the posts are reserved for them;

ii. up to a maximum of three years in the case of candidates belonging to Other Backward Classes who are eligible to avail of reservation applicable to such candidates if the posts are reserved for them;

iii. up to a maximum of five years for ex-employees of banking institutions whose services had to be terminated for reasons of economy or because of bank going into liquidation and personnel retrenched from Government Offices after at least one year’s service and currently registered with Employment Exchange;

iv. up to a maximum of five years if a candidate had ordinarily been domiciled in the Union Territory of Jammu and Kashmir and Union Territory of Ladakh during the period from 1st January, 1980 to 31st December,1989;

v. up to a maximum of five years in the case of ex-servicemen including Commissioned Officers and ECOs/SSCOs who have rendered at least five years Military Service as on 1st September 2019 and have been released;
a. on completion of assignment (including those whose assignment is due to be completed within one year from 1st September, 2019) otherwise than by way of dismissal or discharge on account of misconduct or inefficiency; or
b. on account of physical disability attributable to Military Service; or
c. on invalidment.

vi. up to a maximum of five years in the case of ECOs/SSCOs who have completed an initial period of assignment of five years of Military Service as on 1st September 2019 and whose assignment has been extended beyond five years and in whose case the Ministry of Defence issues a certificate that they can apply for civil employment and that they will be released on three months’ notice on selection from the date of receipt of offer of
appointment.

vii. For Gen/EWSs up to a maximum of 10 years in the case of PwBD. For SC/ST/ PwBD up to a maximum of 15 years and for OBC PwBD up to a maximum of 13 years, subject to reservation of vacancies under the respective post. Relaxation in upper age limit for PwBD will be subject to the posts having been identified suitable for such disabilities.

viii. For candidates having experience as an officer in Commercial Bank/Financial Institution in Public Sector as also prior experience in Reserve Bank of India, upper age limit is relaxed to the extent of number of completed 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.

ix. For eligible staff candidates, the relaxation in age limit is according to RBI circular CO. HRMD. No. G-75/ 5599/ 05.01.01/ 2013-2014 dated December 20, 2013.

x. For recruitment to the post of Gr. B (DR)-DEPR/DSIM candidates having Master’s Degree with Research/Teaching experience at a recognised Indian/Foreign University/Institute will be eligible for relaxation in upper age to the extent of number of years of such experience subject to a maximum of three years. For experience, probationary period will not be reckoned.

Minimum Educational Qualifications:

1. Officers in Grade ‘B’ (DR) – (General)

A minimum of 60% marks (50% in case of SC/ST/PwBD) or an equivalent grade in Bachelor’s degree as well as in 12th (or Diploma or equivalent) and 10th Standard examinations.
The minimum qualifying percentage or an equivalent grade for the Bachelor’s degree will be in aggregate for all semesters/years.

2. Officers in Grade ‘B’ (DR) – DEPR

Essential:
- A Master’s Degree in Economics / Econometrics / Quantitative Economics / Mathematical Economics / Integrated Economics Course/ Finance, with a minimum of 55% marks or an equivalent grade in aggregate of all semesters /years from a recognized Indian or Foreign University /Institute; OR
- PGDM/ MBA Finance with a minimum of 55% marks or an equivalent grade in aggregate of all semesters /years from a recognized Indian or Foreign University /Institute; OR
- Master’s Degree in Economics in any of the sub-categories of economics i.e. agricultural/ business/ developmental/ applied, etc., with a minimum of 55% marks or an equivalent grade in aggregate of all semesters /years from a recognized Indian or Foreign University /Institute.
- (Candidates having M.Phil. Degree and Doctorate Degree from a recognized Indian/Foreign University/Institute in the specified subjects will be eligible for relaxation in the upper age limit by 2 years and 4 years respectively.)
(i) Candidates having Master’s Degree with Research/Teaching experience at a recognized Indian/Foreign University/ Institute will be eligible for relaxation in upper age limit to the extent of number of years of such experience subject to a maximum of three years. For experience, the probationary period will not be reckoned.
(ii) The above age relaxations will not be cumulatively available with age relaxations available to various categories as mentioned in Para 3 II (b) above.

Officers in Grade ‘B’ (DR) – DSIM

Essential:

A Master’s Degree in Statistics/ Mathematical Statistics/ Mathematical Economics/ Econometrics/ Statistics & Informatics from IIT-Kharagpur/ Applied Statistics & Informatics from IIT-Bombay with a minimum of 55% marks or equivalent grade in aggregate of all semesters / years; OR
Master’s Degree in Mathematics with a minimum of 55% marks or an equivalent grade in aggregate of all semesters / years and one year post graduate diploma in Statistics or related subjects from an Institute of repute; OR
M. Stat. Degree of Indian Statistical Institute with a minimum of 55% marks in aggregate of all semesters / years; OR
Post Graduate Diploma in Business Analytics (PGDBA) jointly offered by ISI Kolkata, IIT Kharagpur and IIM Calcutta with a minimum of 55% marks or equivalent grade in aggregate of all semesters/years.

HOW TO APPLY

Applications can be submitted online through the website www.rbi.org.in.

Official Notification:

https://www.ibtindia.com/assets/upload/document/Notification-RBI-Officer-Posts.pdf