(Notification) Recruitment of Officers in Grade 'B' at RBI - 2017

(Notification) Recruitment of Officers in Grade 'B' at RBI - 2017

RESERVE BANK OF INDIA – DIRECT RECRUITMENT FOR THE POSTS IN COMMON SENORITY GROUP (CSG) STREAMS – PANEL YEAR 2017

The Reserve Bank of India Services Board (Board) invites applications from eligible candidates for the post mentioned below in Reserve Bank of India (RBI/Bank):

Post Details:

Post

Number of Vacancies

Unreserved i.e., General (GEN/UR) Other Backward Classes (OBC)# Scheduled Castes (SC) Scheduled Tribes (ST) TOTAL
1.  Officers in Grade 'B' (DR) - (General) 73 39 22 11 145 $
2.  Officers in Grade 'B' (DR) - DEPR 09 03 00 00 12
3.  Officers in Grade 'B' (DR) - DSIM 01 00 1 02 * 4

# Candidates belonging to OBC category but coming in the 'Creamy Layer' are not entitled to OBC reservation. They should indicate their category as 'General (GEN)’.

Pay Scale:

Selected Candidates will draw a starting basic pay of Rs. 35,150/- p.m. in the scale of Rs. 35150-1750(9)-50900-EB-1750(2)-54400-2000(4)-62400 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. 67,933/- (approx.).

Minimum Educational Qualifications :

The following minimum educational qualifications are prescribed for the posts:

Post Minimum Educational Qualifications (as on 01-05-2017):
1.  Officers in Grade 'B' (DR) - (General)
  • A minimum of 60% marks (50% in case of SC/ST/PWD) 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. 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 recognised Indian or Foreign University /Institute.

Note: SC,ST and PWD candidates having second class with a minimum of 50% marks or equivalent grade in aggregate of all semesters / years in Master's Degree examination or equivalent recognized qualifications are eligible to apply.

Desirable: A Doctorate Degree in Economics or research or teaching experience in Economics or publications in standard journals would be considered as an additional qualification.

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 year 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, 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).

3. Officers in Grade 'B' (DR) - DSIM Essential:

a. 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

b. 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

c. M. Stat. Degree of Indian Statistical Institute with a minimum of 55% marks in aggregate of all semesters / years OR
d. 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.

NOTE: For SC, ST and PWD candidates, the minimum marks required in Master's Degree as in items a, b, c and d above is 50% or an equivalent grade in aggregate of all semesters/
years.

Desirable: (i) Candidates with a Doctorate in topics related to above subjects will be given preference. (ii) Research or teaching experience and publication in standard journals will be considered as an additional qualification.

Note:

(i) Candidates possessing M.Phil. and Ph.D. qualification in the specified subjects will be eligible for relaxation in upper age limit by 2 years and 4 years respectively.
(ii) Candidates 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, probationary period will not be reckoned.
(iii) The above age relaxations will not be cumulatively available with age relaxations available to various categories as mentioned in Para 3 (II).

Note 1: The candidate must hold a degree of any of Universities incorporated by an Act of the Central or State Legislature in India or other educational institutions established by an Act of Parliament or declared to be deemed as a University Under Section-3 of the University Grants Commission Act, 1956, or possess an equivalent qualification from a foreign university recognized by the Association of Indian Universities.

Note 2: Some Universities/Institutes/Boards do not award Class or percentage of marks and allot Aggregate Grade Points (e.g. CGPA/OGPA/CPI, etc.). In case University/Institute/Board defines criteria for conversion of Aggregate Grade Point into percentage of marks, the same will be accepted. However, where the University/ Institute/ Board does not define criteria for conversion of Aggregate

Grade Point into percentage of marks, in the degree/passing certificates, the undefined parameter(s) would be worked out as under:

Equivalent CGPA/OGPA/CPI or similar terminologies allotted on a 10 point scale Aggregate Percentage of Marks
6.75 60%
6.25 55%
5.75 50%

Note 3: Aggregate Grade Point or percentage of marks where awarded would mean aggregate over the entire duration of the course.

Note 4: Where the Aggregate Grade Point (CGPA/OGPA/CPI, etc.) is awarded out of a number other than 10, it will be normalized out of 10 and computed as per Note 2 above.

Age Limits:

A candidate must have attained the age of 21 years and must not have attained the age of 30 years on the 1st of May, 2017 i.e., he/she must have been born not earlier than 2nd May, 1987 and not later than 1st May, 1996. For candidates possessing M.Phil. and Ph.D. qualification, upper age limit will be 32 and 34 years respectively.

Number of Attempts:

Candidates belonging to unreserved i.e. General Category, who have already appeared Six times for Phase-I Examination for this post in the past, are not eligible to apply. No such restriction applies to candidates belonging to SC/ST/OBC/PWD, if the posts are reserved for them.

SCHEME OF SELECTION:

Selection for the aforementioned posts will be done through ON-LINE examinations in Phase – I and Phase - II and interview. Detailed scheme of selection is given at Appendix – II (Gr. B(DR)-General) / Appendix – III (Gr. B(DR)-DEPR) and Gr. B(DR)-DSIM) which are available on the Bank’s website www.rbi.org.in.

Exam Syllabus:

Selection will be through ON-LINE Examinations and interview. Examinations will be held in two phases as described in following paragraphs.

(I) Phase-I online Examination (Objective Type): This will comprise a single Paper for 200 marks and will be held on June 17, 2017. Depending on the number of candidates, the examination may be held in multiple shifts and on some other days also. A candidate, however, has to appear for examination in only one shift on the given day. The date, time and venue on which a candidate has to appear for examination will be specified in the Admission Letter (AL) to be downloaded by the candidate. The ‘corrected-scores’ obtained by each of the candidates in different sessions (if held) will be normalized using equipercentile method.

a) The Paper will consist tests of

i. General Awareness
ii. English Language
iii. Quantitative Aptitude and;
iv. Reasoning

A composite time of 120 minutes will be given for answering. 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 in aggregate, as may be 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 Phase-I. 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 for Phase-II examination will be published on RBI web-site, tentatively within a week after Phase-I examination.

(II) Phase-II online Examination: The Phase-II online Examination will be conducted on July 7, 2017, only for the candidates who are shortlisted on the basis of results of Phase- I. The Phase-II examination will be in shifts. Candidates are required to appear for all shifts. Separate Admission Letters will be issued for each shift. The time-table for Phase- II will be intimated to the candidates concerned along with Admission Letter for Phase-II. Phase–II online examination will consist of three papers as under:

Name of Paper Type of Paper Time (Minutes) Marks
Paper-I: Economic and Social Issues Objective Type 90 90
Paper II: English (Writing Skills) Descriptive, to be typed with the help of the keyboard 90 100
Paper-III: Finance and Management Objective type 90 100

NOTE: All question papers (in both the Phases, except the test of English) will be set bilingually in Hindi and English.

The Board reserves the right to modify the exam dates and time entirely at its discretion.

(III) Interview: Candidates will be shortlisted for the interview, based on aggregate of marks obtained in Phase-II (Paper-I +Paper-II +Paper-III). The minimum aggregate cut off marks for being shortlisted for Interview will be decided by the Board in relation to the number of vacancies. Roll No. of the candidates shortlisted for interview will be published on RBI website at appropriate time and interview call letters will be sent on registered email ID. Interview will be of 50 marks. Candidate may opt for interview either in Hindi or English. Final Selection will be through merit list which will be prepared by adding marks secured by candidates in Phase-II examination and interview.

APPLICATION FEE

  • SC/ST/PWD: Rs.100/

  • GEN/OBC: Rs.850/-

  • STAFF: Nil

How to Apply:

Candidates are required to apply only online using the website www.rbi.org.in. No other means / mode of application will be accepted. Detailed instructions for filling up online applications are available at Appendix –I which is available on the Bank’s website www.rbi.org.in. The applicants are advised to submit only single application; however, if due to any unavoidable situation, if he/she submits another/multiple applications, then he/she must ensure that application with the higher Registration ID (RID) is complete in all respects like applicants’ details, examination centre, photograph, signature, fee etc. The applicants who are submitting multiple applications should note that only the last completed applications with higher RID shall be entertained by the Board and fee paid against one RID shall not be adjusted against any other RID.

Important Dates:

Events Important Dates
Website Link Open –For On-Line Registration of Applications and Payment of Fees/Intimation Charges May 03, 2017 (for Gr B DR General)
May 05, 2017 (for DEPR /DSIM) to May 23, 2017 *
1.   Officers in Gr B (DR) - General Phase-I  Online Examination
Phase-II  Online Examination
June 17, 2017 $
July 7, 2017£
2.   Officers in Gr B (DR) – (DEPR)* Paper –I Online Examination
Paper – II & III Online/Written Examination
June 17, 2017 $
July 6 and / or 7, 2017£ (To be confirmed in Admit cards)
3. Officers in Gr B (DR) – (DSIM) @ Paper –I Online Examination
Paper – II & III Online/ Written Examination
June 17, 2017 $
July 6 and / or 7, 2017£ (To be confirmed in Admit cards)

Click Here for Official Notification

Click Here to Apply Online

Study Kit for RBI Officers in Grade ‘B’ (General)-DR (Pre.) Exam

Courtesy: RBI

Important Links: