(Notification) Recruitment of Officers in Grade 'B' at RBI -
RESERVE BANK OF INDIA - DIRECT RECRUITMENT FOR THE POSTS IN COMMON
SENIORITY GROUP (CSG) STREAMS - PANEL YEAR 2018
1. The Reserve Bank of India Services Board (Board) invites applications
from eligible candidates for the post mentioned below in Reserve Bank of India
Number of Vacancies
|Scheduled Castes (SC)
||Scheduled Tribes (ST)
||Other Backward Classes (OBC)$
|1. Officers in Grade ‘B’(DR)- General
|2. Officers in Grade ‘B’(DR)- DEPR
|3. Officers in Grade ‘B’(DR)- DSIM
$ Candidates belonging to OBC category but coming in the 'Creamy Layer' are
not entitled to OBC reservation. They should indicate their category as 'General
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. 75,831/-(approx.)
Minimum Educational Qualifications:
The following minimum educational qualifications are prescribed for the
||Minimum Educational Qualifications (as on 01-07-2018):
|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
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 PwBD 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 years and 4
(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 (b) above.
|3. Officers in Grade 'B' (DR) - DSIM
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 PwBD 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
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 (b) above.
Note I: 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 II: 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
Note III: Aggregate Grade Point or percentage of marks where awarded
would mean aggregate over the entire duration of the course.
Note IV: 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.
A candidate must have attained the age of 21 years and must not have attained
the age of 30 years on the 1st of July, 2018 i.e., he/she must have been born
not earlier than 2nd July, 1988 and not later than 1st July, 1997. 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/PwBD,
if the posts are reserved for them.
SCHEME OF SELECTION:
Selection for the aforementioned posts will be done through ONLINE
examinations in Phase - I and Phase - II and interview. Detailed scheme of
selection is given at Appendix - II (Gr. B(DR)-General) / Appendix - Ill (Gr.
B(DR)-DEPR) and Gr. B(DR)-DSIM) which are available on the Bank's website
Selection will be through ONLINE 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 August 16, 2018. 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 from our website (www.rbi.org.in). 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;
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
(II) Phase-II online Examination: The Phase-II online Examination will
be conducted on September 7, 2018, 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
Economic and Social Issues
English (Writing Skills)
|Descriptive, to be typed with the help of the keyboard
Finance and Management
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
(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.
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.
|Website Link Open For Online Registration of
Applications and Payment of Fees/Intimation Charges
||July 3, 2018 to July 23, 2018
|1. Officers in Gr B (DR) General
||Phase-I Online Examination Phase-II Online Examination
||August 16, 2018 $
September 7, 2018
|2. Officers in Gr B (DR) DEPR
||Paper - I Online Examination Paper - II & III
|August 16, 2018
September 6 / September 7, 2018 £(To be confirmed in Admit cards)
|3. Officers in Gr B (DR)
|Paper - I Online Examination Paper - II & III
|August 16, 2018
September 6 / September 7, 2018 £ (To be confirmed in Admit cards)