Recruitment Prospects in RBI - Grade B | Assistants | Others

This is the time when good jobs are rare. It is very important to have a good idea about all the possible options. In the recent past Reserve Bank of India has beefed up its hiring policy to emerge as a leading employer in the crunched job market. There are a lot of benefits of working at RBI (which I have covered in a different thread). But the obvious first step is to get hired before we can think of relishing the benefits. There are plenty of entry options in RBI. It is bad that RBI doesn't advertise on job sites or newspapers (except Employment News). From this article we will have enough knowledge to know about your suitability, eligibility and prospects of going to RBI.

Before briefing you with RBI recruitment policy it is essential to give you an idea about the employee strength of RBI. Seniority in RBI is determined by Group. Group 'A' is lower while Group 'F' is at higher level. For example, Governor and Deputy-Governors will be in Group 'F'. All Officers from Group 'A' to 'F' are called Class-I employees. RBI also has a large number of Class-III and Class-IV employees which work as service staff.

General Grade 'B' Officer is the most frequent entry level post at RBI. Recruitment of Grade 'B' Officers is done once every year. There are nearly 100 openings every year for this post. The recruitment is done in a 3 Phases. in the Phase I Objective knowledge in General English, Quantitative Analysis, Reasoning Ability and General Awareness is checked. Those who qualify to Phase II undergo a Descriptive Test in English, Economics & Social Issues, Finance and Management. Nature of questions in Economics, Finance and Management are of moderate level. The successful candidates after Phase II undergo a Personal Interview before final candidates are selected. It is a year long process.

Educational Qualifications Required: A graduate degree with minimum 60% marks or a masters degree with a minimum 55% marks or A doctoral degree with minimum 50% marks or any professional Degree like MBA.

Experience: None

Age: Between 21 to 30. Age relaxation is there for some eligible categories.

Salary: The RBI offers salary in the scale of Rs.21000-1000-30000-EB-1000-32000-1100-36400. It comes out to be Rs. 10 Lac per annum in Mumbai.

Number of Jobs: Nearly 100 per year.

Best Suited for: Candidates with good vocabulary and Maths skills. Interest in Economics and Finance will boost chances in Mains.

DEPR (Department of Economic Policy and Research) and DEAP (Department of Economic and Analysis Policy) are two of the core departments of RBI. RBI recruits fresh post graduates as Research Officers for Monetary Policy Research and Analysis. This recruitment is also done every year. The number of jobs are generally lesser than the General Grade 'B' Officers. The process includes 2 steps, Phase I and II. Phase I has three papers in Economics I (Objective), Economics II (Descriptive) and English (Descriptive). The candidates who meet the cut off are required to undergo personal Interview before final selection is made.

Education Qualification Required: A master's Degree in Economics with minimum 55% marks or a PHD in Economics and Master's in any subject with 55% marks.

Experience: None

Age: 21-30. (relaxation for eligible categories)

Salary: Pay scale of scale of Rs.21000-1000-30000-EB-1000-32000-1100-36400. It comes out to be Rs. 10 Lac per Annum in Mumbai.

Number of jobs: Nearly 20 per year.

Best Suited for: Candidates with good knowledge of Economics and orientation for Economic Research and Analysis.

Department of Statistics and Information Management is a departments of RBI deals with Statistical Analysis. It recruits fresh post graduates in Statistics (and allied subjects) as Research Officers for Statistical Research. This recruitment is also done every year. The number of jobs are nearly same as DEPR Research Officers recruitment. The process includes 2 steps, Phase I and II. Phase I has three papers in Statistics I (Objective), Statistics II (Descriptive) and English (Descriptive). The candidates who meet the cut off are required to undergo personal Interview before final selection is made.

Education Qualification Required: A master's Degree in Statistics and related Subjects with minimum 55% marks or a Master's degree in Mathematics with minimum 55% marks with a postgraduate diploma in Statistics.

Experience: None

Age: 21-30. (relaxation for eligible categories)

Salary: Pay scale of scale of Rs.21000-1000-30000-EB-1000-32000-1100-36400. It comes out to be Rs. 10 Lac per Annum in Mumbai.

Number of jobs: Nearly 20 per year.

Best Suited for: Candidates with good knowledge of Statistics/Econometrics and orientation for Statistical Research.

Hindi is our national language but English has become indispensable. Most of the bureaucratic work including research and planning is being done in English which has become our lingua franca. There is a need to convert documents from English to Hindi and vice versa. Assistant Managers (Rajbhasha) are recruited for overseeing the Translation work. The selection is done every year in a 2 Phase process. In the Phase I, a written exam of Hindi-English Translation and vice versa is taken. This is followed by an interview for successful candidates. This job reqires a 3 year work experience.

Education Qualification Required: A second class master's Degree in Hindi/English with English/Hindi as one of the subjects in Bachelor's degree or a second class master's degree in economics with Hindi and English as subjects in Bachelor's degree.

Experience: Three year experience in Translation of works from Hindi-English and vice versa in any reputable organisation.

Age: 21-30. (relaxation for eligible categories)

Salary: Pay scale of scale of 17,100-1000(11) -28100-EB-1000(4)- 32100-1100(1)-33200. It comes out to be Rs. 5.75 Lac per Annum in Mumbai.

Number of jobs: Nearly 20 per year.

Best Suited for: Candidates with good knowledge of Hindi terms in Finance and Economics.

Assistant Managers in Security is an occasional job in RBI. It is open to Armed Forces Personnel Only. The job of AM Security is to maintain the Security of the RBI premises. The recruitment is done directly by Interview. However, shortlisting of candidates can be done based on their work experience.

Education Qualification Required: None. The education qualification is implied to be Bachelor's degree which is the minimum requirement of commissioned officers.

Experience: A minimum of five years' of Commissioned Service in the Army/Navy/Air Force.

Age: 25-40.

Salary: Pay scale of scale of 17,100-1000(11) -28100-EB-1000(4)- 32100-1100(1)-33200. It comes out to be Rs. 5.75 Lac per Annum in Mumbai.

Number of jobs: Nearly 20 per year.

Best Suited for: NA

Assistant staff is the clerical cadre of RBI. They are also called Class III employees (Grade 'A' and higher officers are Class I). Their recruitment is not regular but is done every few years. The number of job openings are high. They are required to do data processing jobs. The recruitment is done through a 2 Phase Process including an Objective written test followed by a Personal Interview of Successful candidates. The test includes Reasoning, Numerical Ability, English, General Awareness and Computer Proficiency.

Education Qualification Required: A Bachelor's degree with minimum 50% marks and knowledge of Word processing on PC.

Experience: None

Age: 18-28.

Salary: Pay scale of scale of 8,040 – 410 – 9270 – 500 – 11,270 – 550 – 13,470 – 650 – 15,420 – 720 – 16,140 – 990 – 20,100. It comes out to be Rs. 2,63,500 per Annum.

Number of jobs: 100+.

Best Suited for: Fresh Graduates with good English and Mathematical Ability.

Apart from the jobs mentioned above there are a lot of other jobs openings for specialists' recruitment. This list is given below with their short requirements:

• Chief Librarian Grade 'D' - 10 years' Relevant Experience.
• Chief Archivist Grade 'D' - 15 years' Relevant Experience.
• Deputy General Manager (Gr. D) - 10 years' Relevant Experience.
• Legal Officer Grade 'B' - 2 years' Relevant Experience.
• Manager (Technical-Civil/Electrical) - 3 Years' Relevant Experience.
• Security Guards - Ex-servicemen with Military Background.

For any more information please use Official Website of RBI at www.rbi.org.in