1. Candidates to ensure their eligibility for the posts :
Before applying, candidates should ensure that they fulfil the eligibility criteria for the advertised posts in the Reserve Bank of India (RBI / Bank).
The Reserve Bank of India Services Board, hereinafter referred to as Board’, shall determine their eligibility only at the interview stage.
If at that stage, it is found that any information furnished in the ON-LINE application is false / incorrect or if according to the Board, the candidate does not satisfy the eligibility criteria for the post, his / her candidature will be cancelled and he / she will not be allowed to appear for interview.
2. Mode of application :
Candidates are required to apply only ON-LINE through the Bank’s website www.rbi.org.in. No other mode for submission of application is available.
Instructions for filling up the "Online Application Form" are given in Appendix-I.
3. Important Dates :
Events Important Dates Website Link Open For On-Line Registration of Applications and Payment of Fees / Intimation Charges 30 October, 2018 to
30 November, 2018 Last date for online Applications with prescribed fee 30 November, 2018
Help Facility : In case of any problem in filling up the On-line form, payment of fee / intimation charges, queries may be made through the link http : / / cgrs.
ibps.in. Do not forget to mention the correct recruitment / post applied for in the subject of the email.
4. Corrigendum : Please note that Corrigendum, if any, issued on the above advertisement, will be published only on the Bank’s website www.rbi.org.in.
1. The Reserve Bank of India Services Board (Board) invites applications from eligible candidates for the post mentioned below in Reserve Bank of India (RBI / Bank) :
Post Number of Vacancies PwBD Category # Unreserved i.e., General (GEN / UR) Scheduled Castes (SC) Scheduled Tribes (ST) Other Backward Classes (OBC)* Total A B C D PhDs in Grade B’ for Research Positions 6 3 1 4 14 - 1 - -
Reservation for PwBD : 01 vacancy is reserved for PwBD under Deaf and Hard of Hearing category. However, PwBD candidates are allowed to apply as General candidates subject to the posts having been identified suitable for such disabilities, as mentioned in the following paragraphs, without any concession.
Note for PwBD candidates :
1) The Bank has identified the following posts as suitable for each category of Persons with Benchmark Disability along with the Physical Requirements and Functional Classifications.
Only following categories of PwBD candidates are therefore eligible to apply for the post.
Name of Post Categories for which identified Functional classification Physical Requirements PhD in Gr B’- Research Position Blind and low vision Blindness Sitting, Walking, Communication, Bending, Standing, Hearing / Speaking, Lifting, Kneeling and Crouching, Manipulation by Fingers, Pushing and Pulling, Read and Writing (in Braille / software) Low vision Sitting, Walking, Reading and Writing, Communication, Bending, Standing, Hearing / Speaking, Lifting, Kneeling and Crouching, Manipulation by Fingers, Pushing and Pulling Deaf and hard of hearing Deaf and hard of hearing Sitting, Walking, Seeing, Reading and Writing, Communication, Bending, Standing, Lifting, Kneeling and Crouching, Manipulation by Fingers, Pushing and Pulling Locomotor disability including Cerebral Palsy, Muscular Dystrophy Leprosy Cured, Dwarfism, Acid Attack Victims (i) One Arm, One Leg, Cerebral Palsy, Leprosy Cured, Dwarfism, Acid Attack Victims
ii) Both Legs but not arms (i) Sitting, Walking, Seeing, Reading and Writing, Communication, Bending, Standing, Hearing / Speaking, Lifting, Kneeling and Crouching, Manipulation by Fingers, Pushing and Pulling
ii) Sitting, Seeing, Reading and Writing, Communication, Hearing / Speaking, Lifting, Manipulation by Fingers, Pushing and Pulling.
iii) Muscular Dystrophy (iii) Sitting, Seeing, Reading and Writing, Communication, Hearing / Speaking, Manipulation by Fingers Multiple disabilities One Arm, One Leg, Cerebral Palsy, Leprosy Cured, Dwarfism, Acid Attack Victims and
i) blind / low vision or
ii) deaf / hard of hearing Sitting, Walking, Communication, Bending, Standing, Lifting, Kneeling and Crouching, Manipulation by Fingers, Pushing and Pulling and
i) Reading and Writing (in Braille / software) and Hearing / Speaking or
ii) Reading and Writing and Seeing
2) PwBD candidates may belong to any category (i.e. General / SC / ST / OBC). Reservation for PwBD is horizontal and within the overall vacancies for the posts subject to the posts having been identified suitable for such disabilities.
3) PwBD candidates should possess a latest disability certificate issued by a Competent Authority as prescribed vide The Rights of Persons with Disabilities Act, 2016 (RPWD Act, 2016).
Such certificate shall be subject to verification / re-verification as may be decided by the Board / competent authority.
2. PhDs in Grade B’ for Research Positions
I. Cadre of Recruitment : Recruitment at entry level for the post of PhD in Grade B’ for Research Position.
II. Eligibility Criteria :
Age (as on 01 / 10 / 2018) : The applicant should be below 34 years of age. (For relaxation in upper age, please refer to Para 3-I below).
Educational Qualifications (to be completed as on 31 / 07 / 2019) : 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 of international standards and good communication skills are essential.
III. Job Profile : Candidates will be expected to do policy-oriented research to assist in RBI’s economic policy formulation.
Candidates will also be expected to conduct high quality original research directed to the top economics and finance journals.
Candidates should have the ability, background, and motivation to conduct quality research independently and help develop a vibrant research environment.
Specific areas of our research interest include monetary economics, central banking, macro-financial stability, financial markets and macroeconomic theory, macroeconomics, applied econometrics and trade.
Related areas of macro finance such as agricultural economics, real financial sector linkages, household finance, international economics, global financial regulations, implementation monitoring (e.
g. G20, Basel III, payment systems, FinTech etc.) and finance.
IV. Service conditions : A. Nature of appointment
A. Nature of appointment
Candidates may choose the option regarding appointments i.e. either
Choice for the option to be given at the time of interview.
B. Compensation for the post :
a) 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 ₹ 86,442 / - p.m.
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 centres, limited number of residential quarters are available. Facility for securing residential accommodation on lease, however, exists at all centres.
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.
b) On Contract appointment : The equivalent annual compensation package on CTC basis is approximately Rupees 20.37 lakh per annum (without housing) subject to tax.
The selected candidate will be governed by the Bank’s Code of Conduct’. Other terms and conditions will be as applicable to contract appointees in the Bank.
V. Selection Procedure : 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. First round interview of short listed candidates will be carried out by the Screening Committee.
Candidates will then be short listed for a second round of interview, which will involve a presentation of their research work.
Final selection will be made based on the second round of interview.
VI. Staff Candidates : All the full time employees of the Bank can also apply for the position provided they fulfil the eligibility criteria.
3. ELIGIBILITY CONDITIONS :
I. Age Relaxation : The upper age-limit prescribed above will be relaxable :
on completion of assignment (including those whose assignment is due to be completed within one year from 1st October, 2018 otherwise than by way of dismissal or discharge on account of misconduct or inefficiency; or
on account of physical disability attributable to Military Service; or
v) up to a maximum of five years in the case of ECOs / SSCOs who have completed an initial period of assignment of five years of Military Service as on 1st October, 2018 and whose assignment has been extended beyond five years and in whose case the Ministry of Defence issues a certificate that they can apply for civil employment and that they will be released on three months’ notice on selection from the date of receipt of offer of appointment.
vi) up to a maximum of 10 years in the case of Persons with Disabilities (PwBD).
Note I : - Candidates belonging to the Scheduled Castes and the Scheduled Tribes and the Other Backward Classes who are also covered under any other clauses of 3 (I) above, viz.
those coming under the category of Ex-servicemen, persons domiciled in the State of J & K, Persons with Disabilities etc.
will be eligible for grant of cumulative age-relaxation under both the categories.
Note II : - The term Ex-servicemen will apply to the persons who are defined as Ex-servicemen in the Ex-servicemen (Re-employment in Civil Services and Posts) Rules, 1979, as amended from time to time.
Note III : - The age concession under 3 (I) (iv) and (v) will not be admissible to Ex-servicemen and Commissioned Officers including ECOs / SSCOs, who are released on own request.
Note IV : - Notwithstanding the provision of age relaxation under 3 (I) (vi) above, a physically disabled candidate will be considered to be eligible for appointment only if he / she (after such physical examination as the Bank, may prescribe) is found to satisfy the requirements of physical and medical standards for the concerned Services / Posts to be allocated to the physically disabled candidates by the Bank.
4. APPLICATION FEE AND INTIMATION CHARGES :
Sr. No. Category Charges Amount
Fee / Intimation charges waiver is only for those employees of RBI (Staff Candidates) who satisfy the eligibility criteria separately stipulated by the Bank vide its circular CO.
HRMD. No. G-75 / 5599 / 05.01.01 / 2013-2014 dated December 20, 2013. Their status as staff candidate will be verified at the time of interview.
In case they are not eligible to be treated as staff candidates (in terms of above referred HRMD circular), they are advised to indicate themselves as non-
staff candidates and pay fees / intimation charges as applicable to non-staff candidates.
Note I : Applications without the prescribed Fee / Intimation Charges shall be summarily rejected.
Note II : Fee once paid shall not be refunded under any circumstances nor can the fee be held in reserve for any other examination or selection.
Note III : Fee / Intimation Charges are required to be paid only in the manner prescribed in this advertisement.