by RBI has Released Notification for the Grade A Officer . All India Candidates can apply for the Posts. Also you will Find the All Information regarding the RBI Grade B Officer Vacancy. RBI just Filling the Vacant Posts of Grade A Officer .Also Every Year RBI fill Various Post Through the Online Process . Check the Complete information in this Blog . If you have any Question or doubt about the Recruitment Please feel free to ask the Question trough Comment Section or Fill The Contact Form .
| Organization Name | Reserve Bank of India |
| Who Can Apply for these Jobs | All India Candidates |
| apply Start Date | Already Started |
| Last Date to Apply | With in 30 Days |
| Notification number | Advt. No.2A/2024-25 |
| Official Website | www.rbi.org.in |
Application Mode
Candidates are required to apply ONLINE only through the Bank’s website www.rbi.org.in. No other mode for
submission of application is available.
Vacancies Details RBI
| Post Name | Post Count |
|---|---|
| Officers in Grade ‘B’(DR)- General | 66 Posts |
| Officers in Grade ‘B’(DR)- DEPR | 21 Posts |
| Officers in Grade ‘B’(DR)- DSIM | 07 Posts |
Pay Scale for the RBI Posts
- Selected candidates will draw a starting basic pay of ₹55,200/-p.m. in the pay scale of ₹55200- 2850(9)-80850-EB-2850 (2) – 86550-3300(4)-99750 (16 years) applicable to Officers in Grade ‘B’ and they will also be eligible for Special Allowance, Grade Allowance, Dearness Allowance, Local Compensatory Allowance, Special Grade Allowance, Learning Allowance, House Rent Allowance as per rules in force from time to time. At present, initial monthly gross emoluments (without HRA) are ₹1,22,717/- (approximately). The House Rent Allowance of 15% of Pay will be paid, if accommodation is not provided by the Bank.
Age Limit for the RBI Posts
- A candidate must have attained the age of 21 years and must not have attained the age of 30 years .
Age Relaxation
- up to a maximum of five years for candidates belonging to a Scheduled Caste or a Scheduled Tribe, if the posts are reserved for them.
- 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.
- 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 .
- up to a maximum of five years in the case of ex-servicemen including Commissioned Officers and Emergency Commissioned Officers (ECOs)/Short Service Commissioned Officers (SSCOs) who have rendered at least five years Military Service as on July 01, 2024 and have been released.
Qualification Required for the RBI Posts
| Officers in Grade ‘B’ (DR) – General | Graduation in any discipline /Equivalent technical or professional qualification with minimum 60% marks (50% for SC/ST/PwBD applicants) or Post-Graduation in any discipline / Equivalent technical or professional Qualification with minimum 55% marks (pass marks for SC/ST/PwBD applicants) in aggregate of all semesters / years. |
| Officers in Grade ‘B’ (DR) – DEPR | . A Master’s Degree in Economics (or any other master’s degree where “Economics” is the principal constituent* of the curriculum/syllabus, namely MA / MSc in Quantitative Economics, Mathematical Economics, Financial Economics, Business Economics, Agricultural Economics, Industrial Economics) |
| Officers in Grade ‘B’ (DR) – DSIM | A Master’s Degree in Statistics/ Mathematical Statistics/ Mathematical Economics/ Econometrics/ Statistics & Informatics/ Applied Statistics & Informatics with a minimum of 55% marks or equivalent grade in aggregate of all semesters / years |
Application Fee for RBI Posts
Selection Process
Phase-I Online Examination (Objective Type)
This will comprise a single Paper for 200 marks and will be held on September 08, 2024. Depending on the number of candidates, the examination may be held in multiple shifts and on some other days also
The Paper will consist tests of :
i. General Awareness
ii. English Language
iii. Quantitative Aptitude and
iv. Reasoning
Phase-II Online Examination
(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 Numbers of the candidates shortlisted for the 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 75 marks.
Important Link for RBI
| RBI Recruitment Apply Link | Apply Here |
| RBI Recruitment Notification 2024 | Download Here |
About RBI Bank
The Reserve Bank of India (RBI) is the central bank of India, established on April 1, 1935, under the Reserve Bank of India Act, 1934. It is headquartered in Mumbai and plays a crucial role in the country’s financial system. Here’s an overview of its key functions and responsibilities:
Functions of the RBI
- Monetary Authority:
- Monetary Policy: The RBI formulates and implements monetary policy to ensure price stability and adequate flow of credit to productive sectors. It uses tools like repo rates, reverse repo rates, and cash reserve ratios to influence the economy.
- Regulator of the Financial System:
- Banking Regulation: The RBI regulates and supervises commercial banks and other financial institutions to ensure their soundness and protect depositors’ interests.
- Financial Inclusion: It works to enhance financial inclusion by promoting banking services to underserved and rural areas.
- Issuer of Currency:
- Currency Management: The RBI is responsible for issuing and managing the currency in India. It ensures an adequate supply of clean and genuine notes and coins.
- Manager of Foreign Exchange:
- Foreign Exchange Regulation: Under the Foreign Exchange Management Act (FEMA), the RBI manages foreign exchange reserves and facilitates external trade and payments.
- Developmental Role:
- Economic Development: The RBI undertakes developmental activities to support and promote the growth of the economy, including supporting small industries and enhancing the payment and settlement systems.
- Banker to the Government:
- Government Banking: The RBI acts as the banker to the central and state governments, managing their accounts and public debt, and assisting in monetary policy implementation.
Organizational Structure
The RBI is headed by a Governor, who is appointed by the Government of India. The Governor is supported by four Deputy Governors, each responsible for different functions like monetary policy, financial regulation, and currency management.
Key Objectives
- Price Stability: Maintaining price stability is crucial to ensure economic stability and sustainable growth.
- Economic Growth: Promoting economic growth by ensuring adequate credit flow to various sectors.
- Financial Stability: Ensuring the stability and soundness of the financial system.
Recent Developments
In recent years, the RBI has focused on various reforms and initiatives, including digital payments, financial literacy, and regulatory measures to ensure the resilience of the banking sector. It has also played a significant role in managing the economic impact of global events, such as the COVID-19 pandemic.
Overall, the RBI is central to the economic and financial stability of India, balancing various roles to support the country’s growth and development.
