Reserve Bank of India RBI Vacancy 2016 – Recruitment of 163 Officers in Grade B – Direct Recruitment Batch Year 2016



July 21, 2016 Banking, Central Govt., Manager

Reserve Bank of India (RBI/Bank) Vacancies 2016 of Manager B Grade

Applications (App.) are invited for the post mentioned below in Reserve Bank of India (RBI/Bank) from Indian citizens, citizens of Nepal and subjects of Bhutan, 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.

Detail of Vacancies of Manager B Grade in RBI 2016

Last Date of Online Application at Bank’s website i.e. www.rbi.org.in: 18/07/2016 to 09/08/2016

Name of the Post: Officers in Grade ‘B'(General) Direct Recruitment – (DR)
Pay Scale: Rs. 35150-1750(9)-50900-EB-1750(2)-54400-2000(4)-62400
Age Limit: (as on 01/07/2016) Between 21 and 30 years (candidates must have been born not earlier than 02/07/1986 and not later than 01/07/1995)
Number of Posts: TOTAL – 163 (Unreserved General (GEN/UR) -77, Other Backward Classes (OBC)-52, Scheduled Castes (SC)-26, Scheduled Tribes (ST)-8)
Out of 163. vacancies mentioned above, 6 vacancies are reserved for candidates belonging to Persons with Disability (PWD) category – 2 vacancies for Visually Handicapped (VH) and 4 vacancies for Hearing Impaired (HI). Persons with Disability may belong to any category – GEN/SC/ST/OBC.
Qualification: : 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.

For More details please refer to: Detailed Advertisement
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SCHEME OF SELECTION for RBI Manager B Grade Vacancies

  • Phase-I online Examination (Objective Type): This Paper for 200 marks will be held on September 4, 2016. Depending on the number of candidates, the examination may be held on some other days also. A candidate, however, has to appear for examination in only one shift on the given day.The Paper consists tests of (i) General Awareness (ii) English Language (iii) Quantitative Aptitude and (iv) Reasoning, with composite time of 120 minutes.

  • Phase-II online Examination: The Phase-II online Examination will be conducted on September 19, 2016, 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.

    Name of Paper Type of Paper Time (Minutes) Marks
    Paper-I:
    Economic and Social Issues
    Objective Type 90 100
    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.

RELAXATION IN THE UPPER AGE LIMIT for RBI Officer B Grade Direct Recruitment 2016

Upper age is relaxable by-
Three years in the case of OBC candidates if the posts are reserved for them.
Five years in the case of: i) SC/ST candidates if the posts are reserved for them ii) Ex-employees of banking institutions whose services had to be terminated for reasons of economy or as a result of bank going into liquidation and personnel retrenched from Government Offices after at least one year’s service and currently registered with Employment Exchange, iii) Ex-servicemen (including Emergency Commissioned Officers/Short Service Commissioned Officers) provided applicants have rendered at least five years continuous Military Service and have been released on completion of assignment (including those whose assignment is due to be completed within one year) otherwise than by way of dismissal or discharge on account of misconduct or inefficiency or on account of physical disability or have been released on account of physical disability attributable to Military Service or on invalidment, iv) Emergency Commissioned Officers/Short Service Commissioned Officers who have completed their initial period of assignment of five years of Military Service but whose assignment has been extended beyond five years and in whose case the Ministry of Defence issues certificates that they would be released on selection within three months from the date of receipt of offer of appointment, v) Candidates who had ordinarily been domiciled in Kashmir Division of the State of Jammu and Kashmir between 1st January, 1980 and 31st December, 1989.

10 years for PWD(GEN); 13 years for PWD(OBC) and 15 years for PWD(SC/ST) candidates.
For eligible staff candidates the relaxation in age limit is according to RBI circular CO. HRMD. No. G-75/ 5599/ 05.01.01/ 2013-2014 dated December 20, 2013

Pay Compensation, Scale/Salaray Package for Manger B Grade RBI

(i) 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. 65,789/-.
Note: For candidates possessing very high academic or professional qualification / experience of significant value to the Bank, the Bank may, at its sole discretion, consider granting up to four advance increments. The Board, at its sole discretion, may consider requests for higher emoluments on account of higher qualification/special experience of value to the Bank at the interview stage only. Such information may be furnished in the Bio-data Form in the appropriate column. The number of maximum increments will be four. The Board/Bank will not entertain any request received after the interview.

(ii) 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). Loans and Advances at concessional rates of interest for Housing, Car, Education, Consumer Articles, Personal Computer, etc. Selected candidates will be governed by ‘the defined contribution New Pension Scheme (NPS)’, in addition to the benefit of Gratuity.
(iii) At certain centres, limited number of residential quarters are available. Facility for securing residential accommodation on lease, however, exists at all centres.
(iv) Initial appointment will be on probation for a period of two years. At Bank’s discretion, the probationary period may be extended upto a maximum period of four years.
(v) There are reasonable prospects for promotion to higher grades.
(vi) Selected candidates are liable to be posted and transferred anywhere in India.

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