RESERVE BANK OF INDIA (RBI) RECRUITMENT

RBI is the ruler of the Whole banks in India. RBI plays an Integral Role in the Development Policy of the Government of India.RBI governs commercial banks and non-banking finance firms working in India. It functions as the pioneer of its banking system and the currency market. It regulates the money supply and credit from the nation. The RBI carries out India's financial policy and exercises control and supervision over banks and non-banking finance firms in India.  Until the Monetary Policy Committee was launched in 2016, besides, it controlled financial policy in India It started its operations on 1 April 1935 in compliance with the Reserve Bank of India Act, 1934. The general superintendence and management of the RBI are frantic with all the 21-member fundamental board of supervisors: the Senate; four deputy governors; 2 fund ministry agents (generally the Economic Affairs Secretary and the Financial Services Secretary); ten government-nominated supervisors to represent significant parts of India's market; and four supervisors to represent neighborhood boards headquartered in Mumbai, Kolkata, Chennai and also the capital New Delhi. Every one of those regional boards is made up of five members that represent regional interests, the interests of indigenous banks.  The central bank is an independent apex financial authority that regulates banks and gives significant financial services such as saving of foreign exchange reserves, management of inflation, monetary policy report. A central bank is known by various names in various countries. The purposes of a central bank might differ from country to country and therefore are body or autonomous and execute or via another agency vital financial functions in the nation. A central bank is a critical fiscal apex establishment of a market and the critical items of central banks can differ from nation to the nation still they execute functions and activities intending to preserve economic stability and growth within a market. The lender is also active in promoting financial inclusion policy and is a major part of the Alliance for Financial Inclusion (AFI). The lender is frequently known by the title 'Mint Street'. RBI is also referred to as a banker's bank.

BRANCHES AND SUPPORTING BODIES

The RBI has four regional representations: North at New Delhi, South at Chennai, East in Kolkata and West in Mumbai. The representations are shaped by five members, appointed for four years from the central authorities and with the Help of the central board of supervisors serve as a forum for regional banks and also to cope with assigned tasks from the Central Board Its two training schools for its officers, There are 3 autonomous associations run by RBI specifically the National Institute of Bank Management (NIBM), Indira Gandhi Institute of Development Research (IGIDR), Institute for Development and Research in Banking Technology (IDRBT). Additionally, there are four zonal training centers in Mumbai, Chennai, Kolkata, and New Delhi. The Board of Financial Supervision (BFS), made in November 1994, serves as a Central Board of Directors committee to restrain the monetary institutions. It's four members, appointed for two decades, and takes steps to reinforce the function of statutory auditors in the financial industry, outside monitoring, and inner controlling systems

RBI Assistant Recruitment 2019-20 Notification Details

RBI Assistant Recruitment 2019-20	Details
Organization Name	Reserve Bank Of India
Job Category	Bank Job/Government Job
Job Role	Assistant
Job Location	Across India
Total Post	926
Apply Mode	Online
Starting Date	23-12-2019
Last Date	24-01-2020
Official Website	https://www.rbi.org.in/

Category & Region wise RBI Assistant Vacancies

Category & Region wise RBI Assistant Vacancy Details
Office	SC	ST	OBC	GEN	EWS	Total
Kanpur & Luck now	11	0	14	32	06	63
Ahmedabad	01	02	04	11	01	19
Bangalore	0	01	06	12	02	21
Bhopal	04	08	04	22	04	42
Bhubaneswar	05	04	02	15	02	28
Chandigarh	06	0	07	19	03	35
Chennai	11	0	15	35	06	67
Guwahati	04	12	07	27	05	55
Hyderabad	03	01	05	14	02	25
Jaipur	05	03	06	20	03	37
Jammu	0	01	03	08	01	13
Kolkata	02	0	0	08	01	11
Mumbai	34	46	101	199	39	419
Nagpur	01	02	0	09	01	13
New Delhi	06	0	07	18	03	34
Patna	03	0	06	13	02	24
Thiruvananthapuram & Kochi	02	0	05	11	02	20
Total	98	80	192	473	83	926

 

RBI Assistant Application Fee
For Gen/EWS/OBC Candidates	450/-	Pay Examination fee through Debit Card, Credit Card, Net Banking.
For SC/ST/PWD/Ex-S Candidate	50/-

 

RBI Assistant Important Dates
Starting Date for Submission of Online Application	23 December 2019
Last Date for Submission of Online Application	24 January 2020
Last Date for Payment of Fee	24 January 2020
Date of Online Preliminary Test (Tentative)	14 & 15 February 2020
Date of Online Main Test (Tentative)	March 2020

Qualification Criteria for RBI Assistant

1. No less than a Bachelor's Degree in any field with a minimum of 50 percent marks (pass the course for SC/ST/PWD applicants ) from the aggregate and also the wisdom of word processing on PC.
2. A candidate belonging to both Ex-servicemen class (except dependents of ex-servicemen) ought to be a graduate from a recognized University or if have passed the matriculation or its equivalent evaluation of their Armed Forces and left at least 15 decades of defense support.
3. Candidates applying to your article in a given recruitment office ought to be adept in the language (i.e. understand to read, write, speak and comprehend the terminology ) of the nation / some of those countries falling under the recruitment office.

Selection Process in RBI Recruitment 2019:

1. Online Exam
2. Language Proficiency Test (LPT)

Exam Pattern

Preliminary Examination (Multiple Choice)

Sr. No.	Name of Tests (Objective)	No. of Questions	Maximum Marks	Total Time
1	English Language	30	30	20 minutes
2	Numerical Ability	35	35	20 minutes
3	Reasoning Ability	35	35	20 minutes
	Total	100	100	60 minutes

 Main Examination (Multiple Choice):

Sr. No.	Name of Tests (Objective)	No of Questions	Maximum Marks	Duration
1	Test of Reasoning	40	40	30 minutes
2	Test of English Language	40	40	30 minutes
3	Test of Numerical Ability	40	40	30 minutes
4	Test of General Awareness	40	40	25 minutes
5	Test of Computer Knowledge	40	40	20 minutes
	Total	200	200	135 minutes

Language Proficiency Test (LPT)

LPT will be conducted in the Official / Local Language. The Office wise local language/s is/are as follows:

1. Ahmedabad – Gujarati
2. Bangalore – Kannada
3. Bhopal – Hindi
4. Bhubaneswar - Oriya
5. Chandigarh – Punjabi / Hindi
6. Chennai – Tamil
7. Guwahati – Assamese / Bengali / Khasi / Manipuri / Bodo
8. Hyderabad – Telugu
9. Jaipur – Hindi
10. Jammu – Urdu / Hindi / Kashmiri
11. Kanpur & Luck now – Hindi
12. Kolkata – Bengali / Nepali
13. Mumbai – Marathi / Konkani
14. Nagpur – Marathi / Hindi
15. New Delhi – Hindi
16. Patna – Hindi / Maithili
17. Thiruvananthapuram – Malayalam

SALARY:

Assistants will draw a starting basic pay of ₹ 14,650/- per month (i.e. ₹ 13,150/- plus two advance increments admissible to Graduates) in the scale of ₹ 13150 – 750(3) – 15400 – 900(4) – 19000 – 1200(6) – 26200 – 1300(2) – 28800 –1480(3) – 33240 – 1750(1) – 34990 (20 years) and other allowances, viz. Dearness Allowance, House Rent Allowance, City Compensatory Allowance, Transport Allowance etc., as admissible from time to time. At present, initial monthly Gross honorarium for Assistants approximately ₹ 36091/-

RESERVE BANK OF INDIA RECRUITMENT 2020-2021

Name of the Organization	Reserve Bank of India (RBI)
Number of Vacancies	39
Name of Post	Consultant, Data Analyst, and Other
Starting date of application	03rd August 2020
Closing date of application	05th September 2020
Job Category	Bank Jobs
Job Location	Mumbai
Application process	Online Application
Official Website	www.rbi.org.in

Details of RBI Vacancy 2020-21

Name of the Post	Number of Posts
Consultant – Applied Mathematics	3
Consultants – Applied Econometrics	3
Economist – Macroeconomic Modelling	1
Data Analyst/ MPD	1
Data Analyst/ (DoS – DNBS)	2
Data Analyst/ (DoR – DBR)	2
Risk Analyst/ (DoS – DNBS)	1
Risk Analyst/ (DEIO)	2
IS Auditor	2
Specialist in Forensic Audit	1
Accounts Specialist	1
System Administrator	9
Project Administrator	5
Network Administrator	6
Total	39

Eligibility Criteria for Reserve Bank of India Recruitment 2020-21

Candidates interested in RBI Jobs can check their eligibility with the details below to apply.

Academic Qualification:

Name of the Post	Education Qualification
Consultant – Applied Mathematics	PG Degree in Mathematics/ Applied Mathematics 3 Years working experience in Mathematics/ Applied Mathematics/ Banking/ Financial Sector or Experience in Academics and Research with a University
Consultants – Applied Econometrics	PG Degree in Applied Econometrics/ Statistics/ Economics 3 Years working experience in areas of Applied Econometrics/ Statistics/ Economics/ Banking/ Financial Sector or Experience in Academics and Research with a University
Economist – Macroeconomic Modelling	Post Graduate Degree in Economics/ Economic Modelling/ Macroeconomics/ Econometrics/ Development Macroeconomics/ Applied Statistics 3 Years of experience in advanced econometric methods and ability to handle, process and analyze large time-series datasets using packages such as Matlab, R, Eviews and familiarity with data and research of global bodies such as OECD, BIS, IMF and World Bank
Data Analyst/ MPD	PG Degree in Statistics/ Econometrics/ Mathematics/ Mathematical Statistics/ Finance/ Economics/ Computer Science or BE/ BTech in Computer Science 5 Years of experience in the area of Data Analytics, Data Science or Statistics/ Econometrics in commercial banks/ financial companies/ financial services organization/ IT services companies
Data Analyst/ (DoS – DNBS)	Post Graduate Degree in Statistics/ Econometrics/ Mathematics/ Mathematical Statistics/ Finance/ Economics/ Computer Science or BE/ BTech in computer science 5 Years experience in the area of Data Analytics, Data Science or Statistics/ Econometrics in commercial banks/ financial companies/ financial services organization/ IT services companies
Data Analyst/ (DoR – DBR)	Post Graduate Degree in Statistics/ Econometrics/ Mathematics/ Mathematical Statistics/ Finance/ Economics/ Computer Science or BE/ BTech in computer science 5 Years experience in the area of Data Analytics, Data Science or Statistics/ Econometrics in commercial banks/ financial companies/ financial services organization/ IT services companies
Risk Analyst/ (DoS – DNBS)	Post Graduate Degree in Statistics/ Applied Statistics/ Economics/ Finance/ Management 5 Years of experience in risk modelling in areas of credit/ market/ liquidity risk in a scheduled commercial bank or systemically important NBFC or a rating agency
Risk Analyst/ (DEIO)	Post Graduate Degree in Statistics/ Applied Statistics/ Economics/ Finance/ Management 5 Years of experience in commercial banks/ financial companies/ financial services organizations with 2 years experience in the area of Treasury Operations, Credit Risk
IS Auditor	BE/ BTech/ MTech in Computer Science/ IT/ Electricals and Electronics or MCA with specialization in Information Security/ IT Risk Management/ Information Assurance/ Cyber Security and Digital Threat Management 5 Years of experience in information security in commercial banks/ financial companies/ financial services organization/ IT services companies/ Telecom companies
Specialist in Forensic Audit	CA/ ICWA/ MBA (Finance)/ PGDM 5 Years of specialized work experience in the area of the forensic audit and being part of the forensic audit team in state or central government undertaking or department
Accounts Specialist	CA/ ICWA 5 years of experience in commercial banks/ financial companies/ financial services organizations with two years of experience in the area of treasury operations, credit risk
System Administrator	BE/ BTech/ MTech in Computer Science/ IT/ Electricals and Electronics or MCA 5 Years of experience (including probation/ training) in areas of implementation, configuration, operations and maintenance of Mainframe (z/OS)/ Virtualisation Management Software/ ORACLE/ DB2 in commercial banks/ financial companies/ financial services organizations/ IT companies
Project Administrator	BE/ BTech/ MTech in Computer Science/ IT/ Electricals and Electronics or MCA 5 Years experience (including probation/ training) in computer engineering, coding, interface establishment, script application, storage management, multiple operating systems (example, Windows, Unix, and Linux) and RDBMS systems, project management through all phases of project life cycle knowledge of FISMA and respective security controls in commercial banks/ financial companies/ financial services organizations/ IT companies
Network Administrator	BE/ BTech/ MTech in Computer Science/ IT/ Electricals and Electronics or MCA 5 Years of experience (including probation/ training) in IT Sector in handling large network and adequate knowledge of routing and switching protocol in commercial banks/ financial companies/ financial services organizations/ IT companies

Age Limit:

Name of the Post	Age Limit as on 01st March 2020
Consultant – Applied Mathematics	Minimum Age – 30 Years Maximum Age – 40 Years
Consultants – Applied Econometrics	Minimum Age – 30 Years Maximum Age – 40 Years
Economist – Macroeconomic Modelling	Minimum Age – 30 Years Maximum Age – 40 Years
Data Analyst/ MPD	Minimum Age – 30 Years Maximum Age – 40 Years
Data Analyst/ (DoS – DNBS)	Minimum Age – 30 Years Maximum Age – 40 Years
Data Analyst/ (DoR – DBR)	Minimum Age – 30 Years Maximum Age – 40 Years
Risk Analyst/ (DoS – DNBS)	Minimum Age – 30 Years Maximum Age – 40 Years
Risk Analyst/ (DEIO)	Minimum Age – 30 Years Maximum Age – 40 Years
IS Auditor	Minimum Age – 30 Years Maximum Age – 40 Years
Specialist in Forensic Audit	Minimum Age – 30 Years Maximum Age – 40 Years
Accounts Specialist	Minimum Age – 30 Years Maximum Age – 40 Years
System Administrator	Minimum Age – 25 Years Maximum Age – 35 Years
Project Administrator	Minimum Age – 25 Years Maximum Age – 35 Years
Network Administrator	Minimum Age – 25 Years Maximum Age – 35 Years

Selection Process:

1. Written Test
2. Interview
3. Document Verification

Pay Scale for RBI Recruitment 2020:

Refer to the official website for details on the pay scale for RBI Jobs

RBI Online Application Fee:

1. General Candidates – Rs. 600/-
2. SC/ ST Candidates – Rs. 100/-