Reserve Bank of India Grade B Vacancy

RESERVE BANK OF INDIA SERVICES BOARD, MUMBAI

App.) are invited for the post mentioned below 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.

Sr. No.	Post	Number of Vacancies
		Unreserved	Scheduled Castes (SC)	Scheduled Tribes (ST)	Other Backward Classes (OBC)	TOTAL
1	Officers in Grade 'B'(Direct Recruitment - DR)	39	11#	6	23	79*

# Includes one backlog vacancy.
*2 Vacancies reserved for Visually Handicapped (VH) and 5 vacancies reserved for Hearing Impaired (HI). Though there is no vacancy reserved for Orthopaedically Handicapped (OH) candidates for the above post, they can also apply. However, they will not be entitled for any relaxation/concession except age and application fee due to physical disability. PWD may belong to any category (UR/SC/ST/OBC).

Note : (1) The degree of disability should be between 40% and 75% in the case of Hearing Impaired persons.
(2) For Visually Handicapped (blind and partially blind), a person should fulfill either (a) total absence of sight or (b) with visual acuity not exceeding 6/60 or 20/200 (Snellen) in the better eye with correcting lenses or (c) with limitation of the field of vision subtending an angle of 20 degrees or worse.
The Physically Handicapped (PH) candidates should possess a latest Certificate to this effect issued by an authorized Government of India/State Government Department/ Hospital.

2. FOR OFFICERS IN GRADE B (DR)

a) Age (as on 01-07-2009) : 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. Refer item 4 below for relaxation in upper age limit for specified categories.

b) Educational Qualifications (as on 01/07/2009): 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.

NOTE: SC/ST/VH/HI candidates having second class with a minimum of 50% marks or equivalent grade in Bachelor's Degree examination OR having a Post-graduate Degree or equivalent recognized qualification, are eligible to apply.

c) Scheme of Selection

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 and 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.

iii) Syllabus for Paper I – English: Essay, Précis writing, Comprehension, Business/Office Correspondence.

6.APPLICATION FEE (NON-REFUNDABLE) : 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. However, candidates from un-banked areas may pay fee by crossed Indian Postal Orders in favour of Reserve Bank of India payable at GPO, Mumbai. Candidates should write their name and address on the reverse of the Demand Draft and in the space provided for the purpose on the Postal Orders (if fee is payable) and enclose them to the application with a pin (should not be stapled). Fees sent separately not accompanied with proper application or payment in any other manner will not be accepted. Fees once paid will not be refunded under any circumstances.