RBI Careers 2017 | Jobs for Grade B Officers, Assistants & Researchers

RBI-Careers-and-Jobs

 

 

Confused about how to get job in RBI? Grab all the details about RBI Careers & Job Positions. Right from the notification release dates to vacancies, job profile, eligibility, salary, promotions, get every single detail in this blog.

 

The Reserve bank of India is a Prime Banking Institution of India which is considered as the backbone of the Indian Economy. On the other hand, it acts as a banker to the various well-established banking authorities of India.

 

Working in a bank of such high supremacy, where the environment is favorable for achieving excellence, where the benefits of a Government Job are up-leveled than all other banks, is an honor itself.

 

So, looking at the benefits of working in such a prime Central Institute, who wouldn’t want to aspire for the RBI Jobs!

 

 

 

Please Read Important Facts & Ways to Get a Beautiful Banking Career after 12th & Graduation!

 

 

 

This article is all about providing you a brief idea about RBI Jobs 2017. By going through the blog, you can know how to get job in RBI.

 

Let’s explore the RBI Careers Guide fulfilled with the details of popular jobs, their vacancies, salary structure, future growths in this elite bank of India.

 

 

 

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RBI Careers 2017 | Explore the List of Offered Jobs & Their Recruitment Processes

 

 

To get RBI Jobs, you need to know about the gateways that will provide you the entry to the Reserve Bank of India. Each year, official authorities of Reserve Bank of India release several vacancies for various graduate candidates. To get themselves reserved for those vacant seats, aspirants go through the Exams for RBI Jobs.

 

Below, we have mentioned the popular positions on which candidates can secure their career in this prime Banking Organization.

 

 

Grade B Officer

 

 Assistant Officer

 

 

 

You can get a brief information about these two exams in the below section –

 

 

 

RBI Grade B Officer Job Profile, Vacancy, Eligibility Criteria & Recruitment Process

 

 

Being an RBI Grade B Officer is itself a privilege as you get a chance to work with some of the best minds of the nation.

 

Which roles and responsibilities lie under RBI Grade B Officer Job Profile? This is one of the most frequent & continual questions that become a part of most popular talks among the students.

 

 

As per the fixed roles and responsibilities under the RBI Grade B Officer Job Profile, the candidates work on the following tasks, after the completion of their training –

 

 

Designing Guidelines for Public Sector Banks.

 

 Managing Certain Government and Central Bank Accounts

 

 Making Sure that the Circulation of Coins and Currencies goes Smoothly and Functions Properly.

 

 Assisting RBI in the Role of Being the Banker to all Banks of the Country.

 

 

 

To recruit the Grade B Officer, the Reserve Bank of India releases a recruitment notification every year. Below, check out its glimpses by having the brief knowledge about Vacancies, Eligibility Criteria, Exam Pattern and Selection Criteria.

 

Also, check the Salary & Growth Structure of Grade B Officers below!

 

 

 

1. Vacancies

 

In the RBI Careers 2017, there are 145 vacancies for Grade – B General (DR). Last year, it was 163 and in 2015, total 134 vacancies were there.

 

 

 

2. Eligibility Guidelines

 

Any Graduate who has passed his degree with 60% Marks (General/OBC) or 50% Marks (ST/SC/PWD) are eligible for this exam if he/she ages between 20-30 years (as on 1st May 2017).

 

Age Relaxation Criteria is valid only for reserved categories and PWD Candidates of all categories.

 

 

S.No. Categories RBI Jobs 2017 Age Relaxation
1. OBC 3 Years
2. ST/SC 5 Years
3. PWD (GEN) 10 Years
4. PWD (OBC) 13 Years
5. PWD (ST/SC) 15 Years

 

 

 

 

3. No. of Attempts

 

Candidates from General category cannot appear in RBI Grade B Officer Exam for more than 6 times. However, candidates from SC/ST/OBC/PWD do not have such limitation to appear in the RBI Jobs Exam.

 

 

 

4. Exam Pattern

 

The Grade B Exam is conducted in two phases i.e. Phase-I (Preliminary Exam) and Phase-II (Main Exam).

 

Check out its detailed exam pattern for prelims and mains in the below table –

 

 

 

For Prelims Exam
S.No. Subjects Total Questions (Objective) Maximum Marks Total Time
1 English Language 30 30 2 hours
2 Numerical Ability 30 30
3 Reasoning Ability 60 60
4 General Awareness 80 80
Total 200 200
 
For Mains Exam
S.No. Name of Test Paper Type Maximum Marks Time Allotted
1 Paper I – Economic and Social Issues Objective 100 90 mins
2 Paper II – English (Writing Skills) Descriptive 100 90 mins
3 Paper III – Finance and Management Objective 100 90 mins
Total 300 4 hr 30 Mins

 

 

 

Read Daily Current Affairs & Bag Up Top Scores in General Awareness Section of Competitive Exams.

 

 

 

 

5. Selection Criteria

 

Since RBI provides immense benefits to its employees, it is obvious that the selection procedure will be tough as compared to other central and state banking exams. RBI Grade B officer is precisely one of the difficult competitive exams.

After clearing the Prelims and Mains Examination consecutively, the final selection will be done based on the performance of candidates in Phase-III i.e. the Interview Round.

 

 

 

6. Salary and RBI Bank Job Benefits

 

In RBI, Good salary is not the only perk you will be enjoying. With a Basic salary of INR 35,150 per month and a gross salary of around INR 67,000 per month, RBI offers many more benefits to its employees such as Residence Allowance, Medical Allowance, Travel Allowance etc.

 

 

 

7. Promotions and Career Growth

 

Being a Grade B Officer in Reserve Bank of India, you’ll have a good chance to reach the level of Deputy Governor until the time of your retirement. With the presence of Promotional Exams, you will be given every chance to attain higher positions. The hierarchy in RBI is given below:

 

 

S.No. RBI Job 2017 Promotions (Decreasing Order of Posts from 1 to 11)
1. Governor
2. Deputy Governor
3. Executive Governor
4. Principal Chief General Manager
5. Chief General Manager
6. Deputy General Manager
7. Assistant General Manager
8. Manager/Grade B Officer
9. Assistant Manager
10. Assistant
11. Supporting Staff

 

 

 

 

Tip – Know about the RBI Past and Present Governors and Boost Up Your General Knowledge for the Interviews!

 

 

 

Worrying about the difficulty level of RBI Grade B Officer Exam? Dump your fears as you’ve got another gateway to enter the working place of immense opportunities and benefits.

 

The Reserve Bank of India conducts another exam which has a lower difficulty level as compared to the Grade B Officer Exam i.e. the RBI Assistant Exam.

 

 

 

 

RBI Assistant Job Profile, Recruitment Guidelines, Salary Structure & Promotion Scopes

 

 

The RBI Assistant Job Profile certainly differs from the RBI Grade B Officer Job Profile, but the perks and allowances of both the jobs are nearly same. Being posted at an Assistant position, you will be engaged in the following tasks –

 

 

Performing File Work on Various Matters of Organization

 

 Performing Data Entry

 

 Replying Mails to the Organization Officials

 

 Performing Inward and Outward Mail Entry

 

 Attending Government Treasury Work

 

 

Lets’ know more about the exams through which you can get posted at RBI Job 2017.

 

 

 

1. Vacancies

 

The RBI Job Notification for Assistant Exam has been released now. There are total 623 vacancies in RBI Jobs 2017.

 

Last year, there were total 610 Vacancies for Assistant Post.

 

 

 

2. Eligibility Guidelines

 

The Graduates who have completed their degree with 60% Marks (General/OBC) or 50% Marks (ST/SC/PWD) are eligible for this exam. They must also ensure that their age should lie between 20 to 28 years as on 8th Nov 2017.

 

Check out the Age Relaxation Criteria!

 

 

S.No. Categories RBI Jobs 2017 Age Relaxation
1. OBC 3 Years
2. ST/SC 5 Years
3. PWD (GEN) 10 Years
4. PWD (OBC) 13 Years
5. PWD (ST/SC) 15 Years

 

 

 

 

3. Exam Pattern

 

Like-wise the Grade B Exam, the Assistant Exam is also conducted in two phases i.e. the Preliminary Exam and Main Exam.

 

The detailed exam pattern is given below –

 

 

For Prelims Exam
S.No. Subjects Total Questions (Objective) Maximum Marks Total Time
1 English Language 30 30 1 hour
2 Numerical Ability 35 35
3 Reasoning Ability 35 35
4 English Language 30 30
Total 100 100
 
For Mains Exam
S.No. Name of Test Paper Type Maximum Marks Time Allotted
1 English Language 40 40 30 min
2 Numerical Ability 40 40 30 min
3 Reasoning Ability 40 40 30 min
4 General Awareness 40 40 25 min
5 Computer Awareness 40 40 20 min
Total 200 200 2 Hours 15 Mins

 

 

 

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4. Selection Criteria

 

The candidate must pass through three stages i.e. Pre-exam, Main Exam and the Interview. After clearing the Prelims and Main Exam consecutively, the final decision will be made based on the candidate’s performance in Interview.

 

 

 

5. Salary Structure & RBI Jobs 2017 Benefits

 

Being inferior in the position of Assistant, salary benefits are comparatively less than Grade B Officer.

 

The basic salary of Assistant in the Reserve Bank of India i.e. INR 8040 per month, is less as compared to the grade pay of Grade B Officer.

 

The gross salary is about INR 24,500 per month for the Assistant post. Along with these salary benefits, the banking authorities also provide the benefits of Residence Allowance, Medical Allowance, Travel Allowance etc.

 

 

 

6. Promotions and Career Growths

 

Promotions and career growths are some of the most important necessities of an employee. As we’re discussing the RBI Bank Job Salary for Assistant position, here are the types of promotion based on which he can be promoted to upper-level positions –

 

 

A). Seniority Level Based

 

After completing 10 years as an Assistant in RBI, the employee will get promoted to Special Assistant after which they will be eligible for the Senior Assistant post.

 

 

B). Merit-Based

 

After completing 5 years successfully, an Assistant will be eligible to fight the Departmental Examination for promotion through which he can be promoted to Grade-A Officer or Assistant Manager.

 

 

The above job profiles were for Graduates only. Let’s discuss the RBI Careers Opportunities for Professional and Ph.D. Candidates.

 

 

 

Attention Job Seekers! Here is the List of Upcoming Bank Exams in 2017-18. Have You Marked their Important Dates?

 

 

 

 

How to Get Job in RBI India? Career Options for Ph.D. & Professional Degree Holders!

 

 

RBI conducts several interviews throughout the year for appointing various Ph.D. candidates and experienced professionals. Those who completed their Ph.D. in the related streams or are working as experienced professionals in any departments can get a job in RBI India based on their qualification and experience.

 

Candidates are advised to keep themselves updated about various vacancies by visiting RBI’s Official Page regularly. We are mentioning some of the common vacancies that are offered for Ph.D. and Experienced ones by the Reserve Bank of India. Let’s have a look!

 

 

 

Research Position in Grade B | RBI Jobs for Ph.D. Holders

 

Candidates who have completed their Ph.D. from reputed universities in Economics or Finance are eligible to get a job in the Reserve Bank of India.

 

The Ph.D. Candidates will be doing policy-oriented research to assist RBI’s Economic Policy Formulation. Apart from this, the candidates will be doing research in the areas such as –

 

 

Monetary Economics

 

 E-Banking and Financial Institutions

 

 Central Banking

 

 Corporate Finance

 

 Financial Markets

 

 Financial Regulation

 

 Financial Stability

 

 Household Finance

 

 Liquidity and Payment Systems

 

 Related Areas of Macro-Finance such as Real‐Financial Sector Linkages and International Economics and Finance.

 

 

 

 

 1. Vacancies

 

According to the RBI Job Notification released on 20th July 2017, there will be 3 vacancies (one for each category i.e. Gen, OBC and SC) for Ph.D. candidates.

 

 

 

2. Eligibility Guidelines

 

Candidate’s Ph.D. must be completed by 31st July 2017. The organization will also look at the interest and expertise in related areas. High quality research potential and communication skills of international standards are essential.

 

Check-out the Age Relaxation Criteria!

 

S.No. Categories RBI Job 2017 Age Relaxation
1. OBC 3 Years
2. ST/SC 5 Years
3. PWD (GEN) 10 Years
4. PWD (OBC) 13 Years
5. PWD (ST/SC) 15 Years

 

 

 

 

3. Selection Procedure

 

To get recruited on Research Positions, Ph.D. candidates will go through interviews conducted by the Screening Committee of the Reserve Bank of India.

 

 

 

4. Salary Structure & Job Perks

 

With a basic salary of INR 43,900 per month and a gross salary of INR 81,628 per month, Research position is the highest paid job in RBI.

 

Apart from the salary benefits, the researcher will also be eligible for Dearness Allowance, Local Compensatory Allowance, House Rent Allowance, Special Allowance, and Grade Allowance offered by the Organization.

 

A job with such salary and benefits is surely a dream for many candidates who want to get a job in RBI India after completing their Ph.D. in Economics or Finance.

 

 

 

 

Legal Consultant Job for Experienced Professionals

 

Those who are already working can also be eligible to get a job in RBI on Grade C, D or F Positions. Let’s have a look at the career options for Experienced Professional.

 

 

 

1. Job Profiles

 

Legal Consultant Post is mainly for the professionals from law stream.

 

The people working as Legal Consultant in Grade F, serve as Legal Advisors whereas the Legal Consultants in Grade C/D serve as Assistants/Deputy Legal Advisors in the RBI.

 

The contract will be for three years for both the posts.

 

 

More information about the job as Legal consultants in Grade F and Grade C/D in RBI is given in the below section.

 

 

 

2. Vacancies

 

According to RBI Job Notification on 20th July 2017, RBI will be providing the following number of vacancies for these two posts:

 

 

For Legal Consultants in Grade F – 2 Vacancies (Unreserved*)

 

For Legal Consultants in Grade C/D – 3 Vacancies (Unreserved*)

 

 

Note - Candidates cannot claim reservation for these posts.

 

 

 

3. Eligibility Guidelines

 

To become a Legal Consultant in the Reserve Bank of India, candidates must have following Educational Qualifications –

 

 

A bachelor’s degree in Law recognized by the Bar Council of India for enrollment as an Advocate with a minimum of 50% marks.

 

 Post Graduate Degree in Law from a Recognized University.

 

 

Apart from these criteria, they must age between 45-55 for Grade F Post and 30-40 Years for Grade C/D Posts as on 1st July 2017.

 

 

As this job is for Experienced ones, so, we’ve listed the Experience Criteria below -

 

 

A). For Grade F:

 

1. Essential Criteria – At least 15 Years’ Experience as any of the followings –

 

(i). Advocate in the High Court/Supreme Court

 

(ii). Law Officer in the Legal Department of a large Bank/Financial Institution /Statutory Corporation

 

(iii). Law Officer in the Legal Department of Central/State Government

 

(iv). Associate Partner in a reputed Consultancy Firm providing Legal Advices.

 

 

 

2. Desirable – Experience in Taxation laws, International laws, laws relating to Banking, Payment Systems, Forex, and Cyber / IT Laws.

 

 

 

B). For Grade C/D:

 

Likewise, the Grade F Criteria, everything is similar in Grade C/D except the fact that in Grade F, candidates must have 15 Years of Experience whereas, in Grade C or D, they must have 7 Years of Experience.

 

 

 

4. Selection Procedure

 

There will be interviews conducted by Screening Committee of the organization for the recruitment of candidates on any of these positions.

 

 

Go through the Experts Tips to Crack Bank Interviews. All the Best Folks!

 

 

 

5. Salary Structure & Job Perks

 

Including all the job benefits provided by RBI, the salary structure of Grade F and C/D posts is given below –

 

 

For Grade F – INR 53.43 Lakh per Annum

 

 For Grade C/D – INR 26.26/35.58 Lakh per Annum.

 

 

If you’re a college student and dreaming for RBI Careers, then have a look at the below section!

 

 

 

 

RBI Internship Programs for College Students | Step-Up the Success Ladder

 

 

Apart from offering various Career Opportunities to Job Seekers, the Reserve Bank of India also offers Internships to the College Students.

 

The young individuals who are currently studying in colleges and wish to pursue Ph.D. in Economics, Banking, Finance, or related fields can apply for these Internship Programs.

 

Each year, the Reserve Bank of India conducts interviews (twice a year-January and July) to select at least 10 skilled students to benefit with these Internships.

 

Based on their qualifications, these selected interns can be placed in any of these departments –

 

 

Department of Statistics and Information Management(DSIM) - Post Graduate in Statistics/Econometrics/Economics or BE/B.TECH (Computer) or MBA (Finance).

 

 Department of Economic and Policy Research (DEPR) - Post Graduate in Economics, Banking, Finance, or MBA (Finance).

 

 Strategic Research Unit (SRU) – B. TECH or B.E. or Post Graduate with Quantitative-Oriented Degrees in Economics, Finance or Statistical Science or those with expertise in Computer or Data Analytics.

 

Programming skills or ability to acquire them are necessary.

 

 

With No Right/Claim for an Appointment, India’s Largest Banking Organization, the Reserve Bank of India, provides an internship for a duration of 6 months with a handsome stipend of INR 35,000 per month. Being an intern in the most elite bank of India will provide you the best platform to achieve your goals in the future.

 

 

Take Weekly Current Affairs & GK Quizzes to Speed Up Your Learning. Be an RBI Achiever!

 

 

 

So, Now, have you got the answer to your question – How to get Job in RBI?

 

We hope that the above-provided information would be helpful for you to have the knowledge about RBI Job Vacancies, Eligibility Criteria, Work Profiles, Career Growth and Salary Structures etc.

 

Still, if you have any queries regarding the above information, please feel free to ask us in the comments’ section. We’re here to resolve all your queries related to Banking Jobs in India.

 

Happy Preparing!!

 

 

 

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