RBI: Procedures For Recruitment Of Different Posts Explained

Working with the country’s central bank is a highly sought-after aspiration. The Reserve Bank of India (RBI) takes various exams for recruitment program to select the deserving candidates to be appointed as the officers under different grades. Unlike from other Public Sector Banks that hire the candidates through the IBPS exams, the RBI has its own selection process to conduct exams, counsel and recruit the best candidates. The Bank periodically releases advertisements or notifications for recruitment of various positions in leading newspapers and Employment News/Rojgar Samachar. For all the Class I posts (officers rank), the Reserve Bank of India Services Board (RBISB) conducts examinations /interviews. Candidates need to apply to the General Manager, RBISB in the format published in the advertisements along with all your relevant documents.

The Board follows two different procedures for selection:
First procedures relates to the scheme of selection for the posts of Officers in Gr B has been changed since Recruitment year 2015. It includes:

• Phase I - Objective Type Test with 4 modules
• Phase II - Objective Type - Paper I English, Paper II Economic & Social Issues, Paper III Optional Paper (Finance & Management/Economics/Statistics).
• Phase III - Interview

Second procedures: For some special posts, such as, Assistant Manager (Security), Manager (Technical), Librarian, etc., candidates are required to appear only for an interview, without going through any tests. If the candidate has to go through the modified scheme of selection and also the interview, the RBISB provides a detailed schedule for all the three tests. Once the candidate qualifies in Phase I, he or she can take the Phase II examination and once he or she succeeds in that, they get to appear for an interview. The final selection list is formed based on the candidate’s performance in Phase II as well as the interview.

Offer Letter:
If a candidate gets selected, he or she gets an Offer of Appointment from the RBI's Statutory Requirements and Recruitment Section. Once the terms in the letter are agreed to, a few formalities need to be completed which include a medical test, Police Verification Report, Referee Report and Employer's Report. Once these formalities are completed, the selected candidate then receives the Appointment Letter with which she or he has to report to the Principal, Reserve Bank Staff College (RBSC), Chennai for your Induction Training. (Source: RBI)

About RBI:
Established on April 1, 1935, the Reserve Bank of India functions as per the provisions of the Reserve Bank of India Act, 1934. The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in 1937. The Central Office is where the Governor sits and where policies are formulated. It controls the monetary policy of the Indian rupee and plays an important part in the Development Strategy of the Government of India.