Reserve bank of India Recruitment Notification
Combined Advertisement for the Posts of (i) Assistant Manager (Security) in Grade ‘A’ (ii) Assistant Manager(Rajbhasha) in Grade ‘A’ and (iii) Research Officer in Grade ‘B’ for Department of Statistics and Information Management (DSIM)
Applications (App.) are invited for the posts mentioned below in Reserve Bank of India (RBI/Bank) from Indian citizens, citizens of Nepal and subjects of Bhutan, Tibetan refugees (who came over to India before 1st January 1962) and 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.
1) Assistant Manager
(Security) in Grade 'A' *
Total Number of posts: 10
2) Assistant Manager
(Rajbhasha) in Grade 'A' **
Total Number of posts: 12
3) Research Officer
in Grade 'B' for Department of
Statistics and Information
Management (DSIM) ***
Total Number of posts: 10
* These posts are not identified for Persons with Disability (PWD).
** One Post has been reserved for Visually Handicapped (VH) persons under the category of Persons with Disability (PWD). No posts are reserved for Hearing Impaired (HI) and Orthopedically Handicapped (OH) candidates. However, HI and OH candidates may also apply for the posts but they will not be eligible for any concession/relaxation except age relaxation and application fee.
*** No post is reserved for Persons with Disability (PWD). However, PWD may apply for the post but they will not be eligible for any concession/relaxation except for age relaxation and application fee.
@ Though there is no vacancy reserved for ST candidates for these posts, they can also apply. However, they will not be eligible for any concession/relaxation except application fee.
Note: PWD should possess a latest certificate to this effect issued by an authorized Government of India/State Government Department/Hospital.
1. ASSISTANT MANAGER (SECURITY) IN GRADE 'A'
Job Requirements: He/She will be responsible for (i) Watch and Ward arrangements as to internal security for guarding treasure vaults, passages, entry and exit points, surveillance through CCTV, monitoring, recording etc. in the Bank's Office Buildings, (ii) Protocol duties, (iii) Maintenance/Security of Bank's properties and (iv) Control over the staff deployed for the purpose.
Eligibility Criteria:
(i) Experience (as on 01.04.2011): (i) He/She should be an Officer with a minimum of five years' of Commissioned Service in the Army/Navy/Air Force.
(ii) Age (as on 01.04.2011): Between 25 and 40 years (no relaxation for any category).
Scheme of Selection: Selection will be through Interview. The Board reserves the right to raise the minimum experience in order to restrict the number of candidates to be called for Interview, commensurate with the number of vacancies. The place and date of interview will be advised to the short listed candidates in due course.
2. ASSISTANT MANAGER (RAJBHASHA) IN GRADE 'A'
a) Job requirements:
(i) Translation from English into Hindi and vice-versa of various references, documents, manuals and other publications of the Bank and arranging for printing thereof.
(ii) Implementation of Government instructions regarding use of Hindi.
(iii) Administration of Hindi Teaching Scheme for the Bank's staff.
b) Eligibility criteria:
(I) Educational Qualifications (as on 01.04.2011):
Essential:
(i) Second Class Master's Degree in Hindi/Hindi Translation, with English as one of the subjects at Bachelor's Degree level OR
(ii) Second Class Master's Degree in English with Hindi as one of the subjects at Bachelor's Degree level OR
(iii) Second Class Master's Degree in Sanskrit / Economics / Commerce with English and Hindi as subjects at Bachelor's Degree level. (In lieu of a subject of Hindi at Bachelor's Degree level, one may have recognized Hindi qualification equivalent to a Bachelor's Degree) OR (iv) Master's Degree in both English and Hindi/Hindi Translation, of which one must be Second Class.
Desirable: Knowledge of bi-lingual word processing.
(II) Experience (as on 01.04.2011):
Essential: At least three years' experience in coining of Glossary or English to Hindi translation and vice-versa in any National or State Level Weekly/ Newspaper or any Government/Semi-Government Office or any autonomous body/undertaking etc.
Desirable:
(i) Study of Sanskrit/any other modern Indian Language/Linguistics at Bachelor's Degree level
(ii) Published literary work
(III) Age (as on 01.04.2011):
Not above 30 years. For candidates with Ph. D qualification, the upper age limit will be 32 years. Refer item 5 below for relaxation in upper age limit for specified categories.
c) Scheme of Selection : Selection will be through Written Examination ('WE') and interview. 'WE' will be held on Sunday, July 10, 2011. The WE will be a 3 hours duration and carrying 100 marks to assess the candidate's ability to undertake translation from Hindi to English and vice-versa and their knowledge of terminology in Hindi vis-a-vis English with greater emphasis on technical terms pertaining to Banking, Economics, Commerce and allied subjects and ability to express themselves in Hindi and English. Those candidates who qualify in the WE will be shortlisted for interview. Final selection will be on the basis of performance in the WE and interview taken together.
3. RESEARCH OFFICER IN GRADE 'B' for DSIM
a) Job Requirements: To undertake collection, compilation, analysis and interpretation of data from various sources, undertake statistical analysis involving modem statistical/econometric models, empirical testing of data etc., to undertake conceptual and methodological studies on various types of statistics relating to money and banking, prices, saving and investment, national accounts, index numbers, etc., designing and organizing of large scale sample surveys and to undertake systems analysis and computer programme development and processing on the Bank's Computer Systems.
b) Eligibility Criteria:
(I) Educational Qualifications (as on 01.04.2011):
Essential:
(i) A Master's Degree in Statistics/Mathematical Statistics/Mathematical Economics/ Econometrics/Statistics & Informatics from IIT-Kharagpur/Applied Statistics & Informatics from NT-Bombay with a minimum of 55% marks or equivalent grade OR
(ii) Master's Degree in Mathematics with a minimum of 55% marks or an equivalent grade and one year post graduate diploma in Statistics or related subjects from an institute of repute OR
(iii) M.Stat. Degree of Indian Statistical Institute with a minimum of 55% marks.
NOTE: For SC Candidates, the minimum marks required in Master's Degree as in items (i). (ii) and (iii) is 50% or an equivalent grade.
Desirable:
(i) Candidates with a Doctorate in topics related to above subjects will be given preference.
(ii) Research or teaching experience and publication in standard journals will be considered as an additional qualification.
(II) Age (as on 01.04.2011):
Between 21 and 30 years (candidates must have been born not earlier than 02/04/1981 and not later than 01/04/1990).
(i) Candidates possessing M.Phil, and Ph.D. qualification in the specified subjects will be eligible for relaxation in upper age limit by 1 and 3 years respectively.
(ii)Candidates with research/teaching experience at a recognized Indian/Foreign University/Institute will be eligible for relaxation in upper age limit to the extent of number of years of such experience subject to a maximum of three years. For experience, probationary period will not be reckoned. Refer item 5 below for relaxation in upper age limit for specified categories.
c) Scheme of Selection:
Selection will be through Written Examinations (WE) and Interview. WE' will be held on July 16,2011 (Saturday) and July 17,2011 (Sunday), 2011 and will consist of the following papers:
Paper -1
Objective Type (on Statistics)
Duration: 3 hours
Maximum Marks: 100
Paper- II
Descriptive Type (on Statistics)
Duration: 3 hours
Maximum Marks: 100
Paper-III
English(Descriptive Type)
Duration: 3 hours
Maximum Marks: 100
d) Syllabus: Standard of papers would be that of Master's Degree examination of any Central University in India
Paper I: Questions would cover Probability: Definition of Probability, Standard distribution, Large and small sample theory, Analysis of Variance, Estimation, Testing of Hypotheses, Multivariate analysis and Stochastic Processes.
Paper II: Questions would cover
(i) Probability and Sampling,
(ii) Linear Models and Economic Statistics,
(iii) Statistical Inference (Estimation, Testing of hypothesis and Non-parametric Test), (iv) Stochastic Processes,
(v) Multivariate analysis and
(vi) Numerical Analysis and Basic Computer Techniques. There will be sufficient choice for candidates to attempt the required number of questions from three or more of the above six groups.
Paper III - English:
Essay, Precis writing, Comprehension, Business/Office Correspondence.
e) Examination and Interview:
(i) Paper II and Paper III of only such candidates, who score sufficiently high marks as decided by the Board in order of merit in Paper I, would be assessed.
(ii) Question papers for 'WE' will be set in Hindi and English except Paper III on English. Answers may be written either in Hindi or English except for Paper III on English. Candidates may answer the interview in Hindi or English at their option.
(iii) The number of candidates to be called for interview will be decided by the Board.
(iv) Final selection will be on the basis of performance in the 'WE' (Paper I, II and III) and interview taken together.
4. Examination Centres:
[for AM (Rajbhasha) in Grade A and Research Officer in Grade B for DSIM]
'WE' may be held at the following centres (Code Numbers indicated in the brackets)
Ahmedabad (11)
Jammu (21)
Bangalore (12)
Kanpur (22)
Bhopal (13)
Kochi (23)
Bhubaneswar (14)
Lucknow (24)
Kolkata (15)
Mumbai (25)
Chandigarh (16)
Nagpur (26)
Chennai (17)
New Delhi (27)
Guwahati (18)
Patna (29)
Hyderabad (19)
Pune (30)
Jaipur (20)
Thiruvananthapuram (31)
Candidates can select only one centre and must indicate its name and code No. in the application. Centre and dates of WE are liable to be changed at Board's discretion. In the event of cancellation of WE at any centre, the Board may at its discretion allot an alternative centre to the candidates concerned. Candidates admitted to the WE will be intimated dates, time table and venue of WE through Admission Letters (AL). Candidates will not be admitted to the WE without the AL. Request for change of centre will not be entertained.
5. RELAXATION IN THE UPPER AGE LIMIT: [except for the post of Assistant Manager (Security) in Grade A] Upper age is relaxable by
(a) 3 years in the case of OBC candidates, if the posts are reserved for them.
(b) 5 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 applying through Employment Exchanges,
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.
(c) 10 years for PWD (GEN); 13 years for PWD (OBC) and 15 years for PWD (SC/ST) candidates.
NOTE: CUMULATIVE AGE RELAXATION WILL NOT BE AVAILABLE EITHER UNDER THE ABOVE ITEMS OR IN COMBINATION WITH ANY OTHER ITEMS.
6. SERVICE CONDITIONS / CAREER PROSPECTS:
(i) Pay Scale:
(I) For Grade 'A' Officers: They will draw a starting basic pay of Rs. 17,100/-p.m. in the scale of Rs. 17,100-1000(11) -28100-EB-1000(4)- 32100-1100(1)-33200 applicable to Officers in Grade .A. They will also be eligible for Dearness Allowance, Local Allowance, House Allowance, Family Allowance, Grade Allowance as per rules in force from time to time. At present, initial monthly gross emoluments are approx. Rs.30,442/-. Further, Pay Protection will be given for the Defence Officers.
(II) For Grade 'B' Officers: They will draw a starting basic pay of Rs.21,000/- p.m. in the scale of Rs.21000-1000-30000-EB-1000- 32000-1100-36400 applicable to Officers in Grade B and they will also be eligible for Dearness Allowance, Local allowance, House Allowance, Family allowance as per rules in force from time to time. At present, initial monthly gross emoluments are approximately Rs.38,276/-.
(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. The posts also carry benefits of Provident Fund, Pension and Gratuity.
(iii) Cost to the Bank:
Total pay and allowances along with admissible perquisites attached to the post work out to Rs. 10.00 lakhs p.a. (approx.) on a Cost to the Bank basis in the case of Grade 'B' Officers joining RBI at Mumbai.
Cost to the Bank for Grade 'A' Officers at the minimum of the scale excluding housing accommodation, works out to Rs. 5.75 lakhs p.a.(approx). Market value of housing accommodation would be maximum of Rs.1.75 lakhs p.a.
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 the 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 4. The Board/Bank will not entertain any request received after the interview.
(iv) At certain centres, limited number of residential quarters are available. Facility for securing residential accommodation on lease, however, exists at all centres.
(v) Initial appointment will be on probation for a period of two years which may, at Bank's discretion, be extended upto a maximum period of four years.
(vi) There are reasonable prospects for promotion to higher grades.
(vii) Selected candidates are liable to be posted and transferred anywhere in India.
7. APPLICATION FEE (Non-Refundable):
Rs.100/- (Rupees one hundred only). No fee is payable by SC/ST/PWD candidates. Fee is payable by Demand Draft favouring Reserve Bank of India and payable at Mumbai only. However, candidates from un-banked areas may pay fee by crossed Indian Postal Orders in favour of Reserve Bank of India payable at GPO, Mumbai. Candidates should write their Name and Address on the reverse of the Demand Draft and in the space provided for the purpose on the Postal Orders (if fee is payable) and enclose them to the application with a pin (should not be stapled). Fees sent separately not accompanied with proper application or payment in any other manner will not be accepted. Fees once paid will not be refunded under any circumstances.
9. SUBMISSION OF THE APPLICATION:
Candidates can apply for the above posts either on the prescribed Application (OFF-LINE) or submit the application ON-LINE followed up by sending a printout (hardcopy) of the online application to the Board's office.
i. ON-LINE:
The candidate can apply ON-LINE using the link/URL http://onlinedr.rbi.org.in Detailed 'Instructions for Applying ON-LINE' are available on this link. Candidates should read the instructions carefully and then click on "Apply" link. Salient features of the system of On Line Application are given hereunder:
Before starting filling up of ON-LINE application, a candidate must purchase the DD or IPO for Rs. 100/- (except SC/ST/PWD candidates who are exempted from payment of fees),
Fee exempted category candidates can straightway fill the ON-LINE application.
Candidates NEED to take a PRINTOUT (hard copy) of their ON-LINE Application after submission of the data through the system. A signed photograph must be pasted (not to be stapled) at the specified place on the printout and the candidate must sign on the printout of the application and attach DD or IPO of Rs.100/- (if required to pay fee).
Candidates need to send the system generated print out (hard copy) of the ON-LINE Application to the Reserve Bank of India Services Board's Office (RBISB) by ordinary post. In case the print out (hard copy) is not received by the Board by the CLOSING DATE mentioned in this advertisement, the ON-LINE application will not be entertained and will be rejected.
Applications should not be submitted more than once. Duplicate applications will not be entertained and will be rejected.
The ON-LINE applications can be submitted till 11.59 P.M. on May 16, 2011 after which the link will be disabled.
ii. OFF-LINE:
The candidates must apply in the Application format published in this advertisement. It should be typed or neatly handwritten in Hindi or English on a good quality "White A- 4 size" paper. All the relevant columns in the application must be filled legibly or typed. Incomplete and illegible applications will be rejected.
iii. OFF-LINE Application or printout of the ON-LINE Application, as the case may be, have to be sent by ordinary post to "The General Manager, Reserve Bank of India Services Board, Post Bag No. 4618, Mumbai Central Post Office, Mumbai-400008".
iv. OFF-LINE Application or printout of the ON-LINE Application, as the case may be, in closed cover, may also be deposited in the box specially kept for the purpose at Reserve Bank of India, Opposite Mumbai Central Railway Station, Mumbai Central, Mumbai 400 008.
v. The cover containing the OFF-LINE application or printout of the ON-LINE application, as the case may be superscribed with the name of the post applied for. For instance, if the application is for the post of AM (Security) in Gr. A, the cover may be superscribed as " APPLICATION FOR THE POST OF AM (SECURITY) IN GR. A "
vi. Candidates should apply either by ON-LINE mode (followed up by sending a printout of the online application) or OFF-LINE mode. They should not submit application by both the modes. Duplicate applications will be rejected.
10.CLOSING DATE:
(i) OFF-LINE Application or the printout of the ON-LINE Application (hard copy), as the case may be, should reach the Board's Office on or before 6.00 P.M. on May 23, 2011.
(ii) In the case of App. received only by post from candidates living abroad, in Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura; Ladakh division of Jammu and Kashmir State; Lahaul and Spiti Districts and Pangi Sub-division of Chamba district of Himachal Pradesh; Andaman and Nicobar Islands and Lakshadweep, the last date of receipt of Applications will be on or before 6.00 P.M. on May 30, 2011. For Applications received in any manner other than by post, the benefit of extended time will not be available.
(iii) The Board takes no responsibility for any delay in receipt of Application/s or loss thereof in postal transit.
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About RBI
The RBI (Reserve bank of India) is the supreme bank of our country. RBI was established around early twentieth century under the recommendation of the Hilton Young Commission, which commence its operations on 1 April 1935 with a share capital of 5 crore. The share capital was divided into shares of Rs. 100 each fully paid which was fully owned by the private shareholder in the beginning. The government holds shares of about 220000.
The main motive of RBI establishment is
• To regulate banknotes around the country.
• To Maintain the liquidity ratio for the monetary steadiness
• To manage the credit & currency system of the country.
Functions of RBI
Bank of issue, banker to government, controller of credit, custodian of foreign reserves Supervisory functions, currency chest, Emergency Advances, Collection and furnishing of credit information and many more financial activities for the development of the country is under RBI functionaries.
RBI took over the government functioning in regulating those banks which been performed earlier by the controller of currency and the Imperial Bank of India. Existing currency offices at Kolkata, Mumbai, Chennai, and Delhi became branches of Issue Department.
At its inception, RBI played a vital role in the context of development especially in the field of agricultural. Bank was also influential in setting up various financial institutions in our country. The major contribution of RBI in developing was Deposit Insurance, Unit Trust of India, Credit Guarantee Corporation of India, IDBI, Finance House of India, National bank of Agricultural & Rural Development and many more. RBI has always been significant in building the country financial infrastructure of the country.
With liberalization, the focus of banks has shifted to core banking functions like regulating, Supervising banking operations, monetary policy overseas payment system and developing financial market and providing guidance to new entrance in banking system.
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