Reserve Bank of India Services Board (RBISB)
Reserve Bank of India (RBI)
Advertisement for the post of Research Officer in Grade ‘B’ (DR) for Department of Economic and Policy Research (DEPR)
Applications (App.) are invited for the post 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
Post: Research Officer in Grade ‘B’ (DR) for Department of Economic and Policy Research (DEPR) ***
Unreserved i.e.,General (Gen) : 11
Scheduled Castes (SC) : - @
Scheduled Tribes (ST): 01
Other Backward Classes (OBC) : 01
TOTAL : 13
*** No posts are reserved for Persons with Disability (PWD). However PWD may apply but they will not be eligible for any relaxation/concession except for age relaxation and application fee.
@ Though there is no vacancy reserved for SC candidates for the above post, they can also apply. However, they will not be eligible for any relaxation / concession except application fee.
1. A. Job Requirements : To undertake research activities and participate in policy formation among others.
B. Eligibility Criteria :
I) Educational Qualifications (as on 01.05.2011) :
Essential : i) A Master's Degree in Economics (with any area of specialization ) with a minimum of 55% marks or an equivalent grade from a recognized Indian or Foreign University / Institute OR ii) A Doctorate Degree in Economics with Master's Degree in any subject with a minimum of 55% marks or an equivalent grade from a recognized Indian or Foreign University / Institute.
Note: ST candidates having second class with a minimum of 50% marks or equivalent grade in Master's Degree examination or equivalent recognized qualification, are eligible to apply.
Preferential/Desirable Qualification: Research or teaching experience in Economics or publications in standard journals would be considered as an additional qualification.
II) Age (as on 01.05.2011): Between 21 and 30 years (candidates must have been born not earlier than 02/05/1981 and not later than 01/05/1990). Refer item 3 below for relaxation in upper age limit for specified categories. Further
(i) Candidates having M.Phil Degree/Doctorate Degree from a recognized Indian/Foreign University/Institute in the specified subjects will be eligible for relaxation in the upper age limit by 1 and 3 years respectively.
(ii) Candidates having Master's Degree 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.
(iii) Cumulative age relaxation will however, not be available to the candidates who are eligible under both the above categories as also under any specified category i.e. relaxation in upper age limit upto 3 years for OBC candidates and 5 years for ST candidates.
C. Scheme of Selection :
Selection will be through Written Examination ('WE') and interview. There are 3 papers for Written Examinations. 'WE' will be held on September 3 (Saturday) and September 4 (Sunday), 2011.
Type of Paper:
Paper - I Objective Type (on Economics)
Duration : 3 hours
Maximum Marks: 100
Paper - II Descriptive Type (on Economics)
Duration : 3 hours
Maximum Marks: 100
Paper - III English - Descriptive
Duration : 3 hours
Maximum Marks: 100
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 in English (except Paper III on English). Answers may be written either in Hindi or 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.
D. Syllabus :
(i) Standard of papers on Economics would be that of Master's Degree examination in Economics of any Central University in India. (ii) Syllabus for English: Essay, Précis writing, Comprehension, Business/Office Correspondence.
2. EXAMINATION CENTRES
‘WE’ may be held at the following centres (Code Numbers indicated in the brackets)
|Name of Centre|
|Name of Centre|
Candidates can select only one centre and must indicate its Name and Code No. in the application. 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. Centre and dates of ‘WE’ are liable to be changed at the Board's discretion. Request for change of centre will not be entertained.
3. RELAXATION IN THE UPPER AGE LIMIT :
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) Exemployees 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.
4. SERVICE CONDITIONS / CAREER PROSPECTS
(i) Pay Scale :
Selected Candidates 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 Rent Allowance, Family Allowance and Grade Allowance as per rules in force from time to time. At present, initial monthly Gross emoluments for Research Officer in Gr. ‘B’ DR are Rs.38,853/- (approx.).
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.
(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 post also carries benefits of Provident Fund, Pension and Gratuity.
(iii) Cost to the Company :
The Cost to the Company (CTC) attached to the post works out to Rs10.00 lakhs p.a. (approx.) including pay, perks and market value of housing in Mumbai. The package, perks are subject to change.
(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.
5. 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.
7. SUBMISSION OF THE APPLICATION :
Candidates can apply for the post 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 :
a) 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).
b) Fee exempted category candidates can straightway fill the ON–LINE application.
c) 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).
d) Candidates need to send the system generated print out (hard copy) of the ONLINE 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.
e) Applications should not be submitted more than once. Duplicate applications will not be entertained and will be rejected.
f) The ON-LINE applications can be submitted till 11.59 P.M. on June 27, 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 (except PWD category and Fee, if not applicable) must be filled legibly or typed. Incomplete and illegible applications will be rejected.
iii. OFF-LINE Application or printout of the ON-LINE Application (hard copy), 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” The cover should be superscribed "APPLICATION FOR THE POST OF RESEARCH OFFICERS IN GRADE ‘B’ for DEPR"
iv. OFF-LINE Application or printout of the ON-LINE Application (hard copy), 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. 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.
8. CLOSING DATE:
(i) The ON-LINE applications can be submitted till 11.59 P.M. on June 27, 2011.
(ii) 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 July 4, 2011.
(iii) 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 July 11, 2011. For Applications received in any manner other than by post, the benefit of extended time will not be available.
(iv) The Board takes no responsibility for any delay in receipt of Applications or loss thereof in postal transit.
Candidates must ensure that the Application [either OFF-LINE or printout of the ON-LINE] along with DD/IPO (if applicable) should reach the Board’s office on or before the CLOSING DATE. Even after the successful submission of ON-LINE application through the system, unless the system generated print-out of the ONLINE application together with fee (if applicable), photograph and signature is received by post at the Board’s office within the closing date, the ONLINE application is not valid and will be rejected.
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The Reserve Bank of India is the central banking institution of India and controls the monetary policy of the rupee as well as US$300.21 billion (2010) of currency reserves. The institution was established on 1 April 1935 during the British Raj in accordance with the provisions of the Reserve Bank of India Act, 1934 and plays an important part in the development strategy of the government. It is a member bank of the Asian Clearing Union.
Bank Rate: RBI lends to the commercial banks through its discount window to help the banks meet depositor’s demands and reserve requirements. The interest rate the RBI charges the banks for this purpose is called bank rate. If the RBI wants to increase the liquidity and money supply in the market, it will decrease the bank rate and if it wants to reduce the liquidity and money supply in the system, it will increase the bank rate. As of 5 May, 2011 the bank rate was 6%.
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