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RBI – Recruitment of GRADE ‘B’ Officers for Research Position – Last Date 08.12.17


Name of Organization: Reserve Bank Of India

Post: Grade ‘B’ Officer (Research)

Pay & Allowances: 

On Regular appointment (on permanent basis) with a probation period:

Pay scale: Selected Candidates will draw a basic pay of Rs.42,150/- p.m. (four advance increments to candidates in the basic pay) in the scale of Rs.35150-1750 (9) -50900 -EB- 1750 (2)- 54400- 2000 (4) -62400 applicable to Officers in Grade ‘B’. They will also be eligible for Dearness Allowance, Local Compensatory Allowance, House Rent Allowance, Special Allowance, and Grade Allowance as per rules in force from time to time. At present, initial monthly Gross emoluments are approximately Rs.82,745/-.

Perquisites: Bank’s accommodation subject to availability, reimbursement of expenses for maintenance of vehicle for official purpose, newspaper, telephone charges, book grant, allowance for furnishing of residence, etc. as per eligibility. Free dispensary facility besides reimbursement of medical expenses for OPD treatment/hospitalization as per eligibility. Interest free festival advance, Leave Fare Concession (once in two years for self, spouse and eligible dependents). Personal Advance at concessional rates of interest for Housing, Car, Education, Consumer Articles, Personal Computer, Travel, etc. Selected candidates will be governed by ‘the defined contribution New Pension Scheme (NPS)’, in addition to the benefit of Gratuity.

At certain centers, limited number of residential quarters is available. Facility for securing residential accommodation on lease, however, exists at all centers.

Initial appointment will be on probation for a period of two years. At Bank’s discretion, the probationary period may be extended up to a maximum period of four years.

There are reasonable prospects for promotion to higher grades.

Selected candidates are liable to be posted and transferred anywhere in India.

The selected candidate will be governed by RBI Staff Regulations 1948.

On Contract appointment: The equivalent annual compensation package on CTC basis will be Rs.17 Lakh plus medical facilities.

Total Vacancy: 06

(UR: 03, OBC: 02 , SC: 01, ST: 00 )

Educational Qualification (to be completed as on 01/11/2017): 

Ph.D. in areas of Economics or Finance from reputed universities (Indian or Foreign) is the minimum required educational qualification. The Bank will also look at those with interest and expertise in related areas in econometrics, computational and theoretical economics. High quality research potential and communication skills of international standards are essential.

Age Limit (as on 01/11/2017): For General Maximum Age is Upto 34 Years

(For OBC, SC, ST and Other Categories-Relaxation as per rules)

Selection Process: 

Selection will be through interview only. A preliminary screening of the applications will be carried out for making, if necessary, a short-list of eligible candidates to be called for the interview/s. Preliminary interview of short listed candidates will be carried out by the Screening Committee. If required, candidates will further be short listed for second interview. Final selection will be made in the second round of interview.

Starting Date of Online Application: 20.11.2017

Last Date of Online Application: 08.12.2017

How to Apply: Click here for online application

Official Notification: Click here for official notification


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