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RBI Recruitment |Vacancy in Reserve Bank of India

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RESERVE BANK OF INDIA SERVICES BOARD, MUMBAI

Opening in ( RBI ) Reserve Bank of India.

Recruitment for total 79 seats in the RBI. Vacancies in RBI.

Recruitment in Reserve Bank of India (RBI/Bank) from Indian citizens, subjects of Nepal and 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.

RBI Website www.rbi.org.in

Forms are available at the RBI website.

http://www.rbi.org.in/Images1/img4.jpg

Application Fees: Rs.100/- (Rupees one hundred only) for each application.  No fee is payable by SC/ST/PH candidates.  Fee is payable by Demand Draft favouring Reserve Bank of India and payable at Mumbai only.

Last date for receiving forms: 24th August 2009 by 6.00 pm ,is the last date for the forms to reach Mumbai.Candidates applying for the post may send their applications to the General Manager, RBI Services Board, Post Bag No.14501, Mumbai Central Post Office, Mumbai-400008 by ordinary post.  The cover should be superscribed for the post applied for e.g.  “App. for the post of Officers in Gr.’B'(DR)”.

Age Limit is between 21 and 30 years (candidates must  have been born not earlier than 02/07/1979 and not later than 01/07/1988). 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.

Educational Qualification : i) A First Class Bachelor’s Degree with a minimum of 60% marks or an equivalent grade OR ii) A Second Class Master’s Degree with a minimum of 55% marks or an equivalent grade OR iii) A Doctorate Degree with 50% marks in Master’s Degree or equivalent grade OR iv) Chartered/Cost Accountant/Company Secretary (ACS) with a Bachelor’s Degree OR v) A Post Graduate Diploma in Management from IIM only.

Selection Procedure: Selection will be through Written Examinations (WE) and Interview.  ‘WE’ will be held in two phases as under:

i) Phase  I (Objective Type Test): This Paper of 3 hours duration for 200 marks will be held on Sunday, the October 11, 2009.  The Paper consists tests of i) General Awareness ii) English Language iii) Quantitative Aptitude and iv) Reasoning.

Candidates have to secure minimum marks separately for each test as prescribed by the Board.  Roll No. of the successful candidates are likely to be published around November 2009 in Employment News/ Rozgar Samachar and on the RBI website and a brief notice thereof in leading newspapers.

ii) Phase II (Descriptive Type Test): The  Phase II Examination will be conducted in early 2010 only for those candidates who are successful in Phase I (Objective Type Test).  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 –

1) Paper I – English

2) Paper II – Economic and Social Issues

3)  Paper III – Finance and Management.  Each of these papers is of 3 hours duration carrying 100 marks.

NOTE:  Phase I (except the test of English) and Papers II and III of Phase II will be set bilingually in Hindi and English.  Phase I is Objective Type and only marking the correct choice is required.  However, Papers II and III of Phase II can be answered either wholly in Hindi or English at the candidate’s option.

For the syllabus visit : http://www.rbi.org.in/Scripts/bs_viewcontent.aspx?Id=2005

Pay Scale: Selected Candidates will draw a starting basic pay of Rs.13700/- p.m. in the scale of Rs.13700-700-20000-EB-700-21400-750-24400 applicable to Officers in Grade B and they will also be eligible for Dearness Allowance, Local allowance, House Allowance, Family allowance as per rules in force from time to time.  At present, initial monthly Gross emoluments to direct recruit Grade B Officers are approximately Rs.22755/-.

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