Chief Financial Officer

RESERVE BANK OF INDIA SERVICES BOARD, MUMBAI

Applications are invited for one post of ‘Chief Financial Officer’ in the rank of Executive Director in Reserve Bank of India.

Last Date: The application, enclosing all prescribed documents should reach the Board’s Office on or before 5.00 P.M. on June 2, 2017.

1.Eligibility Criteria for the Recruitment of  RBI Chief Financial Officer post 2017 (as on 01.05.2017):

(i) Age: The applicant should be between 45-55 years of age.

(ii) Qualifications for the Recruitment of Chief Financial Officer post of RBI 2017:

a. Essential: He/she should be a qualified Chartered Accountant.

b. Desirable: Additional Degrees viz. CFA / MBA (Finance) / Certificate in Financial Risk Management from internationally acclaimed University / Associations like GARP.

(iii) Experience  required for the Recruitment of  RBI Chief Financial Officer post 2017:

A minimum of 15 years in overseeing financial operations in Banks /FIs /large financial companies/financial services organisations post acquiring CA qualification of which a minimum of 5 years should be as a full time Chief Financial Officer or an equivalent position in a regular capacity – and not in a contractual / adhoc capacity.

(iv) Staff Candidates:

Staff candidates with the prescribed qualifications currently working as Chief General Manager, or, as General Manager with five years’ experience in the grade are eligible to apply.

2.Job Responsibilities for the Recruitment of RBI Chief Financial Officer post 2017:

  1. Responsible for accurate and timely presentation and reporting of financial information of the Bank.
  2.  Establish accounting policies and procedures wherever required.
  3. Compliance with financial regulations and standards wherever applicable.
  4.  Communicate both the Bank’s expected and actual financial performance.
  5.  Overseeing the budget process, collecting of inputs and comparing the Bank’s actual performance vis-à-vis the budget estimates.
  6. Flagging risks to the finances – operational, market etc. And developing strategies to counter / mitigate the same.
  7.  CFO will have oversight of the following departments:
  1. Department of Government and Bank Accounts:

Formulating the accounting policy of the Bank, maintaining the internal accounts and reporting of financial results through various statements of accounts, Balance Sheet and Profit & loss Account (performing financial controller type function).

 

      ii. Corporate Strategy and Budget Department:

  1.  Formulation of policy relating to Provident Fund, Actuarial valuation of investments of various staff welfare funds in eligible Government Securities, preparation of notes to Board on the position of various funds and on PF interest rates.
  2.  Policy work relating to Budget, including consolidation of budget for the Bank as a whole, notes to Board / Top Management, sanction of additional budget, review and amendment of Expenditure Rules.
  3.  Prepare the policy and broad guidelines regarding Business Continuity Planning (BCP); however, the same would be implemented by departments concerned. Strategy for BCP would be framed by Risk Monitoring Department.

iii. Department of Corporate Services:

  1.  Framing guidelines for award of rate contracts for activities such as floatation of tenders for printing, distribution of publications.
  2.  Centralised procurement / arrangements of various stationery items, courier services etc.
  3.  Document Management System – framing policies and broad guidelines in respect of the system and preservation period of documents.

3.Service conditions / Career Prospects for the Recruitment of RBI Chief Financial Officer post 2017:

(i) Nature of appointment:

Candidates can choose between Regular Appointment (on permanent basis) on Pay Scales of the Bank or on Contract Appointment on Cost to Company (CTC) basis.

(ii) Compensation for the Post:

a. For regular appointment (on permanent basis) on Pay Scales of the Bank

  1. Selected Candidates will draw a starting basic pay of 1,20,500/ p.m. in the scale of 1,20,500 – 3500 (2) – 1,27,500 (3 years) applicable for the post of Executive Director.
  2. The selected candidates will also be eligible for Dearness Allowance, house Allowance, Special Allowance and Local Compensatory Allowance as per rules in force from time to time.
  3. The Gross monthly emoluments for the post will be 2,40,660/ (Approx.)
  4. The selected candidate will be eligible for all the perquisites as available to the post of Executive Director.
  5. The selected candidate will be eligible for superannuation benefits as per applicable rules.
  6. The candidate selected will be governed by RBI Staff Regulations 1948.
  7. Initial appointment will be on probation for a period of one year. At Bank’s discretion, the probationary period may be extended by one year, if necessary.
  8. On completion of 3 years, stagnation allowance may be given which will not be admissible for Dearness Allowance or any Superannuation benefits.

b. For Contract Appointment on Cost to Company (CTC) basis.

  1. The cost per month works out as ₹200,000/ per month with housing and ₹4,00,000/ per month without housing (due for revision).
  2. An annual increase @ 3% to 5% of Gross CTC or the regular revision of CTC itself as applicable, may be given.
  3. Besides the advertised remuneration, no other money / allowance / perks would be payable. However, facility of the Lounge and Dispensary at the office will be allowed.
  4. The appointment will be made for a period not exceeding three years, which would be extended to maximum for a period not exceeding two more years.
  5. The performance of appointee will be reviewed annually to decide on the continuance of contract.
  6. The appointee will be governed by “Code of Conduct”.

c. Career Progression: CFO will not be eligible for being considered / shortlisted for any career progression.

d. Place of Posting: The position / place of posting of candidate will ordinarily be Central Office Mumbai.

4.How to Apply Online for the Recruitment of RBI Chief Financial Officer post 2017:

(i) The candidates applying for the post must submit their application by post to “The General Manager, Reserve Bank of India Services Board, IIIrd Floor, RBI Building, Opp. Mumbai Central Railway Station, Byculla, Mumbai - 400008” in the prescribed format (as given below in this advertisement).

(ii) The recent photograph is to be pasted at the appropriate place and application should be signed by the candidate. Incomplete and illegible applications will be rejected.

(iii) The cover containing the application should be super scribed with the name of the post applied for i.e. ‘APPLICATION FOR THE POST OF CHIEF FINANCIAL OFFICER’.

(iv) The following documents should be submitted along with the application:

(a) Proof of age (copy of passing Secondary/High School/10th standard Certificate or Higher Secondary School /12th Standard Certificate mentioning the DoB).

(b) Copy of Certificates and Mark sheets in respect of qualifications acquired.

(c) Appropriate document(s) in support of desirable experience.

5.Selection Procedure for the Recruitment of RBI Chief Financial Officer post 2017:

Selection will be through interview only. A preliminary screening of the applications will be carried out for making, if necessary, a short-list of eligible candidates to be called for the interview. While shortlisting candidates the Board may apply a criteria which may consider additional qualifications, greater experience and level of responsibilities handled. Hence, merely fulfilling the minimum requirements laid down for the post would not automatically entitle any candidate for interview. The place and date of interview will be advised to the short-listed candidates in due course.

 6.Closing Date to apply Online for the Recruitment of RBI Chief Financial Officer post 2017:

The application, enclosing all prescribed documents should reach the Board’s Office on or before 5.00 P.M. on June 2, 2017. The Board takes no responsibility for any delay in receipt of Application/s or loss thereof in postal transit.


Officers

RBI Recruitment 2017 for Officers

Reserve Bank of India direct recruitment for the Post in Common Seniority Group (CSG) Streams Panel Year 2017

Before applying, candidates should ensure that they fulfill the eligibility criteria for the advertised posts in the Reserve Bank of India (RBI / Bank). The Reserve Bank of India Services Board, hereinafter referred to as ‘Board’, would admit to the Examinations all the candidates applying for this post with the requisite fee/intimation charges (wherever applicable) on the basis of the information furnished in the online application and shall determine their eligibility only at the final stage i.e. interview stage.

If at that stage, it is found that any information furnished in the online application is false / incorrect or if according to the Board, the candidate does not satisfy the eligibility criteria for the post, his/her candidature will be cancelled and he/she will not be allowed to appear for interview.

Candidates are required to apply only Online through the Bank’s website www.rbi.org.in. No other mode for submission of application is available.

Brief Instructions for filling up the "Online Application Form".

1. Officers in Gr B (DR) - General

Phase-I Online Examination Date : 17th June, 2017

Phase-II Online Examination Date : 7th July, 2017

2. Officers in Gr B (DR) - DEPR

Paper-I Online Examination Date : 17th June, 2017

Paper-II Online/Written Examination Date : 6th July, 2017

Paper-III Online Examination Date : 7th July, 2017

1. Details of reserve bank of India post/vacancies 2017 :

Post Number of Vacancies
Unreserved i.e., General (GEN/UR) Other Backward Classes (OBC)# Scheduled Castes (SC) Scheduled Tribes(ST) Total
Officers in Grade 'B'(DR) -(General) 73 39 22 11 145 $
Officers in Grade 'B'(DR) -DEPR 09 03 00 00 12
Officers in Grade 'B'(DR) - DSIM 01 00 1 02 * 4

RBI Category wise Vacancies :

The Reserve Bank of India Services Board invites applications from eligible candidates for the post mentioned below in Reserve Bank of India (RBI/Bank) :

# Candidates belonging to OBC category but coming in the 'Creamy Layer' are not entitled to OBC reservation. They should indicate their category as 'General (GEN)’.

$ Out of 145 vacancies is reserved for candidates with Visual Impairment (VI) and 3 vacancies are reserved for candidates with Hearing Impairment (HI). No backlog vacancies are available for OH category. However, PWD candidates belonging to any of the three categories of the disability may apply for these posts, subject to their suitability for these posts. Persons with Disability may belong to any category - GEN/SC/ST/OBC.

* Backlog vacancy.

2. RBI Eligibility Conditions for Common Seniority Group

I. Nationality : A candidate must be either :

  1. A citizen of India, or
  2. A subject of Nepal, or
  3. A subject of Bhutan, or
  4. A Tibetan refugee who came over to India before 1st January, 1962 with the intention of permanently settling in India, or
  5. A person of Indian origin who has migrated from Pakistan, Burma, Sri Lanka, East African countries of Kenya, Uganda, the United Republic of Tanzania, Zambia,Malawi, Zaire, Ethiopia and Vietnam with the intention of permanently settling in India.

Provided that a candidate belonging to categories (b), (c), (d) and (e) shall be a person in whose favour a certificate of eligibility has been issued by the Government of India.

A candidate in whose case a certificate of eligibility is necessary, may be admitted to the examination but the offer of appointment may be given only after the necessary eligibility certificate has been issued to him/her by the Government of India.

II. Age Limits for RBI Common Seniority Group Post 2017 :

1. A candidate must have attained the age of 21 years and must not have attained the age of 30 years on the 1st of May, 2017 i.e., he/she must have been born not earlier than 2nd May, 1987 and not later than 1st May, 1996. For candidates possessing M.Phil. and Ph.D. qualification, upper age limit will be 32 and 34 years respectively.

2. The upper age limit prescribed above will be relaxable :

  1. up to a maximum of five years for 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 currently registered with Employment Exchange,
  2. up to a maximum of three years in the case of candidates belonging to Other Backward Classes who are eligible to avail of reservation applicable to such candidates if the posts are reserved for them;
  3. up to a maximum of five years for 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 currently registered with Employment Exchange.
  4. up to a maximum of five years if a candidate had ordinarily been domiciled in the State of Jammu and Kashmir during the period from the 1st January, 1980 to the 31st December, 1989;
  5. up to a maximum of five years in the case of ex-servicemen including Commissioned Officers and ECOs/SSCOs who have rendered at least five years Military Service as on 1st May, 2017 and have been released;
    1. on completion of assignment (including those whose assignment is due to be completed within one year from 1st May, 2017 otherwise than by way of dismissal or discharge on account of misconduct or inefficiency; or
    2. on account of physical disability attributable to Military Service; or
    3. on invalidment.
  6. up to a maximum of five years in the case of ECOs/SSCOs who have completed an initial period of assignment of five years of Military Service as on 1st May, 2017 and whose assignment has been extended beyond five years and in whose case the Ministry of Defence issues a certificate that they can apply for civil employment and that they will be released on three months’ notice on selection from the date of receipt of offer of appointment.
  7. up to a maximum of 10 years in the case of Persons with Disabilities.
  8. For candidates having experience as an officer in Commercial Bank / Financial Institution in Public Sector as also prior experience in Reserve Bank of India, upper age limit is relaxed to the extent of number of completed years of such experience subject to a maximum of three years. For such candidates, upper age limit should not exceed 33 years including experience. For experience,probationary period will not be reckoned.
  9. For eligible staff candidates the relaxation in age limit is according to RBI circular CO. HRMD. No. G-75/ 5599/05.01.01/2013-2014 dated 20th December, 2013.
  10. For recruitment to the post of Gr. B (DR)-DEPR/DSIM candidates having Master’s Degree with Research/Teaching experience at a recognised Indian/Foreign University/Institute will be eligible for relaxation in upper age 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.

Note I : Candidates belonging to the Scheduled Castes and the Scheduled Tribes and the Other Backward Classes who are also covered under any other clauses of Rule II (b) above, viz. those coming under the category of Ex-servicemen, persons domiciled in the State of J & K, Persons with Disabilities etc. will be eligible for grant of cumulative age-relaxation under both the categories.

Note II : The term Ex-servicemen will apply to the persons who are defined as Ex-servicemen in the Ex-servicemen (Re-employment in Civil Services and Posts) Rules, 1979, as amended from time to time.

Note III : The age concession will not be admissible to Ex-servicemen and Commissioned Officers including ECOs/SSCOs, who are released on own request.

Note IV : Notwithstanding the provision of age relaxation, a physically disabled candidate will be considered to be eligible for appointment only if he/she (after such physical examination as the Bank, may prescribe) is found to satisfy the requirements of physical and medical standards for the concerned Services / Posts to be allocated to the physically disabled candidates by the Bank.

III. RBI Educational Qualifications 2017

Post 1 : RBI Officers in Grade 'B' (DR) - (General)

Minimum Educational Qualifications (as on 01-05-2017) :

  • A minimum of 60% marks (50% in case of SC/ST/PWD) or an equivalent grade in Bachelor’s degree as well as in 12th (or Diploma or equivalent) and 10th Standard examinations.
  • The minimum qualifying percentage or an equivalent grade for the Bachelor’s degree will be in aggregate for all semesters / years.

Post 2 : RBI Officers in Grade'B' (DR) - DEPR

Minimum Educational Qualifications (as on 01-05-2017) :

Essential : A Master's Degree in Economics / Econometric / Quantitative Economics / Mathematical Economics / Integrated Economics Course / Finance, with a minimum of 55% marks or an equivalent grade in aggregate of all semesters / years from a recognised Indian or Foreign University / Institute.

Note : SC,ST and PWD candidates having second class with a minimum of 50% marks or equivalent grade in aggregate of all semesters/years in Master's Degree examination or equivalent recognized qualifications are eligible to apply.

Desirable : A Doctorate Degree in Economics or research or teaching experience in Economics or publications in standard journals would be considered as an additional qualification.

Candidates having M.Phil. Degree and Doctorate Degree from a recognized Indian / Foreign University/Institute in the specified subjects will be eligible for relaxation in the upper age limit by 2 year and 4 years respectively.

  1. 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. For experience, probationary period will not be reckoned.
  2. The above age relaxations will not be cumulatively available with age relaxations available to various categories.

Post 3 : Officers in Grade'B' (DR) - DSIM

Essential :

  1. A Master's Degree in Statistics / Mathematical Statistics / Mathematical Economics / Econometrics / Statistics & Informatics from IIT-Kharagpur / Applied Statistics & Informatics from IIT-Bombay with a minimum of 55% marks or equivalent grade in aggregate of all semesters / years; OR
  2. Master's Degree in Mathematics with a minimum of 55% marks or an equivalent grade in aggregate of all semesters / years and one year post graduate diploma in Statistics or related subjects from an institute of repute; OR
  3. M. Stat. Degree of Indian Statistical Institute with a minimum of 55% marks in aggregate of all semesters/years OR
  4. Post Graduate Diploma in Business Analytics (PGDBA) jointly offered by ISI Kolkata, IIT Kharagpur and IIM Calcutta with a minimum of 55% marks or equivalent grade in aggregate of all semesters / years.

Note : For SC, ST and PWD candidates, the minimum marks required in Master's Degree as in items a, b, c and d above is 50% or an equivalent grade in aggregate of all semesters / years.

Desirable :

  1. Candidates with a Doctorate in topics related to above subjects will be given preference.
  2. Research or teaching experience and publication in standard journals will be considered as an additional qualification.

Note:

  1. Candidates possessing M.Phil. and Ph.D. qualification in the specified subjects will be eligible for relaxation in upper age limit by 2 years and 4 years respectively.
  2. 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.
  3. The above age relaxations will not be cumulatively available with age relaxations available to various categories.

Note 1 : The candidate must hold a degree of any of Universities incorporated by an Act of the Central or State Legislature in India or other educational institutions established by an Act of Parliament or declared to be deemed as a University Under Section-3 of the University Grants Commission Act, 1956, or possess an equivalent qualification from a foreign university recognized by the Association of Indian Universities.

Note 2 : Some Universities / Institutes / Boards do not award Class or percentage of marks and allot Aggregate Grade Points (e.g. CGPA/OGPA/CPI, etc.). In case University / Institute / Board defines criteria for conversion of Aggregate Grade Point into percentage of marks, the same will be accepted. However, where the University / Institute/Board does not define criteria for conversion of Aggregate grade Point into percentage of marks, in the degree / passing certificates, the undefined parameter(s) would be worked out as under :

Equivalent CGPA/OGPA/CPI or similar terminologies allotted on a 10 point scale Aggregate Percentage of Marks
6.75 60%
6.25 55%
5.75 50%

Note 3 : Aggregate Grade Point or percentage of marks where awarded would mean aggregate over the entire duration of the course.

Note 4 : Where the Aggregate Grade Point (CGPA/OGPA/CPI, etc.) is awarded out of a number other than 10, it will be normalized out of 10 and computed.

3. How to apply for the RBI Exam 2017

  1. Candidates are required to apply only online using the website www.rbi.org.in. No other means / mode of application will be accepted. Detailed instructions for filling up online applications. which is available on the Banks website www.rbi.org.in. The applicants are advised to submit only single application; however, if due to any unavoidable situation, if he/she submits another / multiple applications, then he/she must ensure that application with the higher Registration ID (RID) is complete in all respects like applicants’ details, examination centre, photograph, signature, fee etc. The applicants who are submitting multiple applications should note that only the last completed applications with higher RID shall be entertained by the Board and fee paid against one RID shall not be adjusted against any other RID.
  2. All candidates, whether already in Government Service, Government owned industrial undertakings or other similar organisations or in private employment should submit their applications direct to the Board. Persons already in Government Service, whether in a permanent or temporary capacity or as work charged employees other than casual or daily rated employees or those serving under the Public Enterprises are however, required to submit an undertaking in the Online application that they have informed in writing to their Head of Office / Department that they have applied for the Examination. Candidates should note that in case a communication is received from their employer by the Board withholding permission to the candidates applying for/appearing at the examination, their application will be liable to be rejected/candidature will be liable to be cancelled. At the time of joining , the recommended candidates will have to bring proper discharge certificates from their PSU/Government/Quasi Government employer.

Note 1 : While filling in his/her Application Form, the candidate should carefully decide about his/her choice of centre for the Examination. If any candidate appears at a centre other than the one indicated by the Board in his/her Admission Letter, the papers of such a candidate will not be evaluated and his/her candidature will be liable to cancellation.

Note 2 : Suitable provisions for information regarding use of scribes by the blind candidates and candidates with Locomotor Disability and Cerebral Palsy where dominant (writing) extremity is affected to the extent of slowing the performance of function (minimum of 40% impairment) have been made in the online application at the time of the initial online application itself.

Note 3 : Candidates are not required to submit along with their applications any certificate in support of their claims regarding Age, Educational Qualifications, Scheduled Castes/ Scheduled Tribes/Other Backward Classes and Physically disabled etc. which will be verified at the time of the Interview only. Candidates belonging to the OBC category should have OBC certificate issued on or after 1st May, 2016. The candidates applying for the posts should ensure that they fulfil all the eligibility conditions for admission to the Examination. Their admission at all the stages of examination for which they are admitted by the Board viz. Phase I, Phase II or Interview Test will be purely provisional, subject to their satisfying the prescribed eligibility conditions. If on verification at any time before or after the Examinations and Interview Test, it is found that they do not fulfil any of the eligibility conditions; their candidature for the examination will be cancelled by the Board. If any of their claims is found to be incorrect, they may render themselves liable to disciplinary action by the Board.

A candidate who is or has been declared by the Board to be guilty of :

  1. Obtaining support for his/her candidature by the following means, namely :
    1. Offering illegal gratification to, or
    2. Applying pressure on, or
    3. Blackmailing, or threatening to blackmail any person connected with the conduct of the examination, or
  2. Impersonating, or
  3. Procuring impersonation by any person, or
  4. Submitting fabricated documents or documents which have been tampered with, or
  5. Making statements which are incorrect or false or suppressing material information, or
  6. Resorting to the following means in connection with his/her candidature for the examination, namely
    1. Obtaining copy of question paper through improper means,
    2. Finding out the particulars of the persons connected with secret work relating to the examination.
    3. Influencing the examiners, or
  7. Using unfair means during the examination, or
  8. Writing obscene matter or drawing obscene sketches in the scripts, or
  9. Misbehaving in the examination hall including tearing of the scripts , provoking fellow examinees to boycott examination, creating a disorderly scene and the like, or
  10. Harassing or doing bodily harm to the staff employed by the Board for the conduct of their examinations, or
  11. Being in possession of or using mobile phone, pager or any electronic equipment or device or any other equipment capable of being used as a communication device during the examination; or
  12. Violating any of the instructions issued to candidates along with their Admission Certificates permitting them to take the examination, or
  13. Attempting to commit or as the case may be abetting the Commission of all or any of the acts specified in the foregoing clauses; may in addition to rendering himself/herself liable to criminal prosecution, be liable.
    1. To be disqualified by the Board from the examination for which he/she is a candidate and/or
    2. To be debarred either permanently or for a specified period
      1. By the Board from any examination or selection held by them;
      2. By the Bank from any employment under them;
      3. Dismissal from service by the Bank if he/she is already in Bank’s employment; and
      4. If he/she is already in some other service, the Board writing to his/her employer for taking disciplinary action.
        1. Provided that no penalty shall be imposed except after giving the candidate an opportunity of making such representation, in writing as he/she may wish to make in that behalf; and
        2. Taking the representation, if any, submitted by the candidate within the period allowed to him/her into consideration.

4. RBI Application Fee and Intimation Charges 2017

Sr.No. Category Charges Amount *
1 SC/ST/PWD Intimation Charges only 100/-
2 GEN/OBC Application fee including intimation charges 850/-
3 STAFF@ Nil Nil

* Bank / Transaction charges are to be borne by the candidate.

@ Fee / Intimation charges waiver is only for those employees of RBI (Staff Candidates) who satisfy the eligibility criteria separately stipulated by the Bank vide its circular CO. HRMD.No. G-75/5599/05.01.01/2013-2014 dated 20th December, 2013. Their status as staff candidate will be verified at the time of interview. In case they are not eligible to be treated as staff candidates (in terms of above referred HRMD circular), they are advised to indicate themselves as non-staff candidates and pay fees/ intimation charges as applicable to non-staff candidates.

Note I : Applications without the prescribed Fee / Intimation Charges shall be summarily rejected.

Note II : Fee once paid shall not be refunded under any circumstances nor can the fee be held in reserve for any other examination or selection.

Note III : Fee / Intimation Charges are required to be paid only in the manner prescribed.

5. Reserve Bank of India Scheme of Selection and Syllabus for Officers in GR B(DR)-General 2017 : Selection will be through online Examinations and interview. Examinations will be held in two phases as described in following paragraphs.

I. RBI Phase-I Online Examination (Objective Type) : This will comprise a single Paper for 200 marks and will be held on 17th June, 2017. Depending on the number of candidates, the examination may be held in multiple shifts and on some other days also. A candidate, however, has to appear for examination in only one shift on the given day.The date, time and venue on which a candidate has to appear for examination will be specified in the Admission Letter (AL) to be downloaded by the candidate. The 'corrected scores' obtained by each of the candidates in different sessions (if held) will be normalized using equi-percentile method.

  1. The Paper will consist tests of
  1. General Awareness
  2. English Language
  3. Quantitative Aptitude and;
  4. Reasoning

A composite time of 120 minutes will be given for answering. Other detailed information regarding the examination will be given in an Information Handout, which will be made available for the candidates to download along with the Admission letter for examination from the RBI website.

Candidates have to secure minimum marks separately for each test as well as in aggregate, as may be prescribed by the Board.

Candidates, who secure minimum marks separately for each Test, as prescribed, will be shortlisted for Phase-II of the examination based on the aggregate marks obtained in Phase-I. The minimum aggregate cut-off marks for being shortlisted for Phase-II of the examination will be decided by the Board in relation to the number of vacancies. Roll No. of the candidates shortlisted for Phase-II examination will be published on RBI web-site, tentatively within a week after Phase-I examination.

II. RBI Phase-II Online Examination : The Phase-II online Examination will be conducted on 7th July, 2017, only for the candidates who are shortlisted on the basis of results of Phase-I.The Phase-II examination will be in shifts. Candidates are required to appear for all shifts. Separate Admission Letters will be issued for each shift. The time-table for Phase-II will be intimated to the candidates concerned along with Admission Letter for Phase-II.

Phase-II online examination will consist of three papers as under :

Name of Paper Type of Paper Time(Minutes) Marks
Paper-I : Economic and Social Issues Objective Type 90 100
Paper II : English (Writing Skills) Descriptive, to be typed with the help of the keyboard 90 100
Paper-III : Finance and Management Objective type 90 100

Note : All question papers (in both the Phases, except the test of English) will be set bilingually in Hindi and English.

The Board reserves the right to modify the exam dates and time entirely at its discretion.

III. Interview : Candidates will be shortlisted for the interview, based on aggregate of marks obtained in Phase-II (Paper-I +Paper-II +Paper-III). The minimum aggregate cut off marks for being shortlisted for Interview will be decided by the Board in relation to the number of vacancies. Roll No. of the candidates shortlisted for interview will be published on RBI website at appropriate time and interview call letters will be sent on registered email ID. Interview will be of 50 marks. Candidate may opt for interview either in Hindi or English. Final Selection will be through merit list which will be prepared by adding marks secured by candidates in Phase-II examination and interview.

RBI Scheme of Selection : Selection for the aforementioned posts will be done through online examinations in Phase I and Phase II and interview. Detailed scheme of selection is given at Appendix II (Gr. B(DR)-General) / Appendix III (Gr. B(DR)-DEPR) and Gr. B(DR)-DSIM) which are available on the Banks website www.rbi.org.in.

i. RBI Online Examination Centres for Phase – I (Gr.B(DR)-General / Paper I (DEPR/DSIM) 2017

State /UT Centre
Andaman & Nicobar Port Blair
Andhra Pradesh & Telangana Guntur, Narasaraopet, Hyderabad, Rangareddy-Kodada, Karimnagar, Warangal, Rajahmundry, Kakinada, Tirupati, Chittoor, Vijaywada, Kanchikacherla, Gudlavalleru, Eluru, Vishakhapatnam, Vizianagaram
Arunachal Pradesh Itanagar, Naharlagun City
Assam Dibrugarh, Guwahati, Jorhat, Silchar
Bihar Bhagalpur, Muzaffarpur, Patna
Chandigarh Chandigarh
Chattisgarh Raipur, Bhilai
Daman & Diu Jamnagar
Goa Varna
Gujarat Ahmedabad, Gandhi Nagar, Bhavnagar, Jamnagar, Rajkot, Surat, Vadodara
Haryana Hissar, Karnal, Rohtak
Himachal Pradesh Dharamsala, Shimla
Jammu & Kashmir Jammu
Jharkhand Bokaro, Dhanbad, Jamshedpur, Ranchi
Karnataka Belgaum, Bagalkot, Bengaluru, Chikaballapur, Kolar, Tumkur, Gulbarga, Bidar, Hubli, Dharwad, Haliyal, Gadag, Mangalore, Mysore, Mandya, Udipi
Kerala Kannur, Kasargod, Kochi, Alappuzha, Kottayam, Pathanamthitta, Kozhikode, Malappuram, Thrichur, Palakkad, Thiruvananthapuram, Kollam, Nagarcoil
Lakshwadweep Kavarrati
Madhya Pradesh Bhopal, Gwalior , Indore, Jabalpur
Maharashtra Aurangabad, Kolhapur, Mumbai, Navi Mumbai, Thane, Nagpur, Nasik, Pune, Solapur
Manipur Imphal
Meghalaya Shillong
Mizoram Aizawl
Nagaland Kohima
New Delhi Delhi –NCR
Orissa Balasore, Berhampur (Ganjam), Bhubaneswar, Cuttack, Sambalpur
Puducherry Puducherry, Cuddalore, Villupuram
Punjab Amritsar, Bhatinda, Jalandhar, Ludhiana, Mohali, Patiala
Rajasthan Ajmer, Jaipur, Jodhpur, Kota, Udaipur
Sikkim Gangtok, Bardang City
Tamilnadu Chennai, Vellore, Coimbatore, Erode, Thirupur, Madurai, Virudhunagar, Dindigul, Salem, Namakkal, Thiruchirapalli, Perambalur, Pudukottai, Thanjavur,Tirunelvelli, Kanyakumari, Tuticorin
Tripura Agartala
Uttar Pradesh Agra, Allahabad, Bareilly, Gorakhpur, Kanpur, Lucknow, Meerut, Varanasi
Uttarakhand Dehradun, Haldwani, Nainital, Roorkee City
West Bengal Berhampore (WB), Durgapur, Kolkata, Greater Kolkata, Howrah, Hooghly, Kalyani,Siliguri

ii. RBI Centres for Phase II - Gr B (DR) - General/Paper II & III(DEPR/DSIM) 2017

    1. Name of the Centres
      Ahmedabad Jammu
      Bengaluru Kanpur
      Bhopal Kochi
      Bhubaneswar Lucknow
      Kolkata Mumbai
      Chandigarh Nagpur
      Chennai New Delhi
      Guwahati Patna
      Hyderabad Pune
      Jaipur Thiruvananthapuram

iii. The Centres and the date of holding the examination as mentioned above are liable to be changed at the discretion of the Board. Allotment of Centres will be on the "first-apply-first allot" basis, and once the capacity of a particular Centre is attained, the same will be frozen. Applicants, who cannot get a Centre of their choice will be required to choose a Centre from the remaining ones. Applicants are, thus, advised that they may apply early so that they could get a Centre of their choice.

    1. NB : Notwithstanding the aforesaid provision, the Board reserves the right to change the Centres at their discretion if the situation demands. All the Examination Centres will cater to examination for Low Vision Candidates in their respective centres. Candidates admitted to the examination will be informed of the time table and place or places of examination. The candidates should note that no request for change of centre will be entertained.

iv. Candidates can select only one centre for Phase-I and one centre for Phase–II separately and must indicate the choice of centres in the online application. Choice of Centre by candidates for Phase-I and Phase-II Examinations can be different and must be indicated in the online application

v. Candidates will appear for the examination at an Examination Centre at their own risks and expenses. The Board does not make any arrangements for boarding/lodging of candidates. Board will not be responsible for any injury or losses etc. of any nature during the course of Examination.

vi. Interviews : Interviews will be conducted at some of the centres, details of which will be communicated in the interview call letter.

6. RBI Important Dates 2017

Events Important Dates
Website Link Open for Online Registration of Applications and Payment of Fees / Intimation Charges 03 May, 2017 (for Gr B DR General) 05 May, 2017 (for DEPR /DSIM) to 23 May, 2017 *
1. Officers in Gr B (DR) - General Phase-I Online Examination Phase-II Online Examination 17th June, 2017 $ 7th July, 2017£
2. Officers in Gr B (DR) – (DEPR)*Paper–I Online Examination Paper – II & III Online/Written Examination 17th June, 2017 $ 6th July, and/or 7, 2017£ (To be confirmed in Admit cards
3.Officers in Gr B (DR) – (DSIM) @ Paper–I Online Examination Paper – II & III Online / Written Examination 17th June, 2017 $ 6th July and/or 7th, 2017£ (To be confirmed in Admit cards)

7. RBI Syllabus (Phase-II)

Paper-I - Economic and social Issues :

Growth and Development-Measurement of growth : National Income and per capita income - Poverty Alleviation and Employment Generation in India - Sustainable Development and Environmental issues. Economic Reforms in India -Industrial and Labour Policy - Monetary and Fiscal Policy - Privatization - Role of Economic Planning. Globalization - Opening up of the Indian Economy - Balance of Payments, Export - Import Policy - International Economic Institutions - IMF and World Bank- WTO - Regional Economic Co-operation. Social Structure in India Multiculturalism - Demographic Trends - Urbanization and Migration - Gender Issues - Social Justice : Positive Discrimination in favor of the under privileged - Social Movements- Indian Political System - Human Development - Social Sectors in India, Health and Education.

Suggested reference material :

Books :

  1. Indian Economy : Uma Kapila. (Series of Books)
  2. Indian Economy : Mishra Puri. (Latest Edition)
  3. Growth And Development : Devraj Ray
  4. Sociology : C.N. Shankar Rao

News Papers :

  1. Economic Times
  2. Hindu
  3. Business Standard

Weekly / Monthly Magazines / Bulletins / Reports :

  1. Economic and Political Weekly
  2. Southern Economist
  3. Yojana
  4. Business India
  5. RBI Bulletins

Reports :

  1. World Development Report
  2. Economic Survey of India

Paper-II - English (Writing Skills) :

The paper on English shall be framed in a manner to assess the writing skills including expression and understanding of the topic.

Paper-III - Finance and Management :

(I) Finance

  1. Regulators of Banks and Financial Institutions.
  2. Reserve Bank of India- functions and conduct of monetary policy,Banking System in India, Financial Institutions – SIDBI, EXIM, NABARD,NHB, etc.
  • Financial Markets Primary and Secondary Markets (Forex, Money, Bond Equity, etc.), functions, instruments, recent developments.
  • General Topics
    1. Risk Management in Banking Sector.
    2. Basics of Derivatives : Forward, Futures and Swap.
    3. Changing Landscape of Banking sector.
    4. Recent Developments in the Financial Sector, Portfolio Investment, Public Sector Reforms, Disinvestments.
    5. Financial Inclusion - use of technology.
    6. Alternate source of finance, private and social cost-benefit, Public Private Partnership.
    7. Corporate Governance in Banking Sector, role of e-governance in addressing the issues of corruption and inefficiency in the government sector.
    8. The Union Budget Direct and Indirect taxes; Non-tax sources of Revenue, GST, Thirteenth Finance Commission and GST, Finance Commission, Fiscal Policy, Fiscal Responsibility and Budget Management Act (FRBM).
    9. Inflation: Definition, trends, estimates, consequences, and remedies (control) : WPI, CPI - components and trends.

    Suggested reference material :

    1. An introduction to Economics - A W Stonier and D C Hauge
    2. Monetary Theory and Public Policy - kenneth Kurihara
    3. Indian Economy - Mishra and Puri
    4. Indian Economy - R. Dutt and KPM Sundaram
    5. Economic Growth and Development - Mayer and Baldwin
    6. Major economic newspapers and Economic and Political Weekly
    7. Public Finance - K K Andley and Sundaram
    8. Financial Management - Prasanna Chandra

    (II) Management

    Management : Its nature and scope; The Management Processes; Planning,Organisation, Staffing, Directing and Controlling; The Role of a Manager in an Organisation. Leadership: The Tasks of a Leader; Leadership Styles; Leadership Theories; A successful Leader versus an effective Leader. Human Resource Development: Concept of HRD; Goals of HRD; Performance Appraisal - Potential appraisal and development - Feedback and Performance Counselling - Career Planning - Training and Development - Rewards - Employee Welfare. Motivation, Morale and Incentives: Theories of Motivation; How Managers Motivate; Concept of Morale; Factors determining morale; Role of Incentives in Building up Morale.Communication: Steps in the Communication Process;Communication Channels; Oral versus Written Communication; Verbal versus non-verbal Communication; upward, downward and lateral communication; Barriers to Communication, Role of Information Technology. Corporate Governance: Factors affecting Corporate Governance; Mechanisms of Corporate Governance.

    The questions on this section will be basic in nature.

    RBI Scheme of Selection for Officers in GR B (DR)-DEPR /DSIM 2017 :

    A. RBI Requirements for Officers in Grade 'B' (DR) - DEPR- Job Requirement, Scheme of Selection and Syllabus :

    1. RBI Job Requirements: Primarily to undertake economic analysis and research and contribute to policy formulation, apart from compilation of data relating to select sectors
    2. RBI Scheme of Selection:Selection will be through Online/ Written Examination(WE) and interview.There are 3 papers for the Examination. Paper I Objective Type (on Economics)to be held on 17th June, 2017 and Paper II & III will be held separately on 6th July and / or 7th July, 2017 (date to be confirmed in admit cards).
    Name of Paper Duration Maximum
    Paper-I Objective Type (on Economics) 120 minutes 100
    Paper-II Descriptive Type (on Economics) (Question paper displayed on computer,answers to be written on paper)(Question paper displayed on computer,answers to be written on paper) 180 minutes 100
    Paper-III English-Descriptive(To be typed with help of keyboard) 90 minutes 100
    Total 300

    A composite time of 120 minutes will be given for answering Paper I. Other detailed information regarding the examination will be given in an Information Handout, which will be made available for the candidates to download along with the Admission letter for examination from the RBI website.

    Candidates have to secure minimum marks as may be prescribed by the Board.

    Candidates, who secure minimum aggregate marks in Paper I, as prescribed,will be shortlisted for Paper-II/ Paper III of the examination based on the marks obtained in Paper-I. The minimum aggregate cut-off marks for being shortlisted for Paper II and Paper III of the examination will be decided by the Board in relation to the number of vacancies. Roll No. of the candidates shortlisted for Paper II and Paper III examination will be published on RBI web-site,tentatively within a week after Paper-I examination.

    1. RBI Paper-II and III Online/Written Examination : The Paper II and Paper III Examination will be conducted on 6th July and / or 7th July, 2017 only for the candidates who are shortlisted on the basis of results of Paper-I. The Paper II and Paper III examination will be in shifts. Candidates are required to appear for all shifts. Separate Admission Letters will be issued for each shift.The time-table for Paper II and Paper III will be intimated to the candidates concerned along with Admission Letter for Paper II and Paper III.
    2. Question papers for 'WE' will be set in Hindi and in English (except PaperIII on English). Answers for Paper-I and Paper-II may be written either in Hindi or English. Paper-III will have to be answered in English only.Candidates may opt for interview in Hindi or English.
    3. The number of candidates to be called for interview will be decided by the Board.
    4. Final selection will be on the basis of performance in the 'WE' and interview taken together.
    5. Syllabus :
      1. Standard of papers on Economics would be that of Master's Degree examination in Economics of any Central University in India.
      2. Syllabus for English : Essay, Precis writing, Comprehension and Business / Office Correspondence.
    6. Suggested reading material : RBI publications viz., Annual Report, Report on Trend and Progress of Banking in India, Monetary Policy Report and the Financial Stability Report and the Economic Survey published by the Government of India over the previous two years.

    B. RBI Requirements for Officers in Grade 'B' (DR) - DSIM- Job Requirement, Scheme of Selection and Syllabus 2017 :

    1. RBI Job Requirements : To undertake collection, compilation, analysis and interpretation of data on banking, corporate and external sectors; Modelling and forecasting of inflation, growth and other important macroeconomics indicators ; Analytical studies involving statistical/econometric models in the operational areas of interest to the Reserve Bank; Planning, designing and organizing sample surveys; maintaining technology-driven centralized reporting system and Data warehouse for information management /dissemination; and Development of methodology for the measurement and estimation of variables and improvement of the database of various sectors of the economy.
    2. RBI Scheme of Selection : Selection will be through Online / Written Examination (WE) and interview. There are 3 papers for the Examination. Paper I Objective Type (on Statistics) to be held on 17th June, 2017 and Paper II & III will be held separately on 6th July and / or 7th July, 2017 (date to be confirmed in admit cards)
    Name of Paper Duration Maximum
    Paper-I Objective Type (on statistics) 120 minutes 100
    Paper-II Descriptive Type (on statistics) (Question paper displayed on computer) 180 minutes 100
    Paper-III English -Descriptive (To be typed with help of keyboard) 90 minutes 100
    Total 300

    A composite time of 120 minutes will be given for answering Paper I. Other detailed information regarding the examination will be given in an Information Handout, which will be made available for the candidates to download along with the Admission letter for examination from the RBI website.

    Candidates have to secure minimum marks as may be prescribed by the Board.

    Candidates, who secure minimum aggregate marks in Paper I, as prescribed, will be shortlisted for Paper-II / Paper III of the examination based on the aggregate marks obtained in Paper-I. The minimum aggregate cut-off marks for being shortlisted for Paper II and Paper III of the examination will be decided by the Board in relation to the number of vacancies. Roll No. of the candidates shortlisted for Paper II and Paper III examination will be published on RBI web-site,tentatively within a week after Paper-I examination.

    1. RBI Paper-II and III Online / Written Examination: The Paper II and Paper III Examination will be conducted on 6th July and / or 7th July, 2017, only for the candidates who are shortlisted on the basis of results of Paper-I. The Paper II and Paper III examination will be in shifts. Candidates are required to appear for all shifts. Separate Admission Letters will be issued for each shift.The time-table for Paper II and Paper III will be intimated to the candidates concerned along with Admission Letter for Paper II and Paper III.
    2. Question papers for 'WE' will be set in Hindi and in English (except Paper III on English). Answers for Paper-I and Paper-II may be written either in Hindi or English. Paper-III will have to be answered in English only. Candidates may opt for interview in Hindi or English.
    3. The number of candidates to be called for interview will be decided by the Board.
    4. Final selection will be on the basis of performance in the 'WE' and interview taken together.

    Syllabi : 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

    1. Probability and Sampling,
    2. Linear Models and Economic Statistics,
    3. Statistical Inference: Estimation, Testing of hypothesis and Non-parametric Test,
    4. Stochastic Processes,
    5. Multivariate analysis and
    6. Numerical Analysis and Basic Computer Techniques.

    There will be sufficient choice for candidates to attempt the required number of questions from any three or more of the above six groups.

    Paper-III : English : Essay, Precis writing, Comprehension and Business / Office Correspondence.

    C. Manner of conduct of examinations for both GR B (DR)-DEPR/DSIM :

    1. The examination will be conducted on two days i.e. Paper I on 17th June, 2017 and Paper II & III will be held separately on 6th July and / or 7th July, 2017 (date to be confirmed in admit cards)
    2. Paper - I (Objective type on Economics / Statistics as the case may be) will be conducted online and comprise multiple choice questions.
    3. Paper - II (Economics / Statistics as the case may be) will be a descriptive type pen/paper based examination where the questions will be displayed on computer screen and will be conducted in one session on 6th July and/or 7th July, 2017
    4. Paper - III (English) will be of descriptive type where the candidates will be expected to type out answers on a computer.
    5. The Board reserves the right to modify the exam dates and time entirely at its discretion.

    8. RBI General instructions for Candidates :

    1. Correspondence with the Board: The Board will not enter into any correspondence with the candidates about their candidature except in the following cases:
      1. The eligible candidates shall be issued an e-Admission Letter two weeks before the commencement of the examination. The e-Admission Letter will be made available on the Banks website www.rbi.org.in for downloading by candidates. No Admission letter will be sent by post. If a candidate does not receive his e-Admission letter or any other communication regarding his/her candidature for the examination two weeks before the commencement of the examination, he/she should at once contact the help facility.
      1. No candidate will ordinarily be allowed to take the examination unless he/she holds an Admission Letter for the examination. On downloading of e- Admission Letter, check it carefully and bring discrepancies/errors, if any, to the notice of Board immediately
      2. Proof of indentiy to be submitted at the time of examinations: At the time of appearing for Phase I or Phase II of the examination,candidates are required to produce a currently valid photo identity card in original and a photocopy of the same in addition to the admission letter. Acceptable photo identity cards are PAN Card/ Passport/Driving Licence/Voters Card/Bank Passbook with photograph/ Photo identity proof issued by a Gazetted Officer on official letterhead/Photo identity proof issued by a Peoples Representative on official letterhead/ valid recent Identity Card issued by a recognised college/university/e-Aadhar card/Aadhar card with a photograph/Employee ID/Bar Council Identity card with photograph. The candidates identity will be verified with respect to his/her details on the Admission Letter/Examination Call Letter, in the Attendance List and requisite documents submitted. If identity of the candidate is in doubt the candidate may not be allowed to appear for the Examination.

      Note : Candidates have to produce in original the photo identity proof and submit a photocopy of the photo identity proof along with Admission Letter/ Examination Call Letter while attending each shift of the examination without which they will not be allowed to take up the examination. For Phase-II examination, candidates will have to carry two/three photocopies of photo ID proof, as there will be two/three shifts. However, in Phase-I only one photocopy of photo ID will be sufficient.Candidates must note that the name (provided during the process of registration) as appearing on the call letters should exactly match the name as appearing on the photo identity proof, certificates, mark sheets. Female candidates who have changed first/ last/ middle name post marriage must take special note of this. In case of candidates who have changed their name, will be allowed only if they produce original Gazette Notification/their original marriage certificate / affidavit in original, together with a photocopy. If there is any mismatch between the name indicated in the Admission Letter/ Examination Call Letter and Photo Identity Proof, the candidate will not be allowed to appear for the examination.

        1. The Board would be analyzing the responses of a candidate with other appeared candidates to detect patterns of similarity. On the basis of such an analysis, if it is found that the responses have been shared and scores obtained are not genuine/valid, the Board reserves the right to cancel his/her candidature.
        2. Board does not assume any responsibility for the candidates not being able to submit their applications within the last date on account of or for any other reason beyond the control of the Board.
        3. The candidates should note that their admission to the examination will be purely provisional based on the information given by them in the Application Form. This will be subject to verification of all the eligibility conditions by the Board / Bank.The mere fact that an Admission Letter has been issued to a candidate, will not imply that his/her candidature has been finally cleared by the Board or that entries made by the candidate in his/her application for the Preliminary examination have been accepted by the Board as true and correct. Candidates may note that the Board takes up the verification of eligibility conditions of a candidate, with reference to original documents, only after the candidate has qualified for the interview. Unless candidature is formally confirmed by the Board,it continues to be provisional. The decision of the Board as to the eligibility or otherwise of a candidate for admission to the Examination shall be final.
        4. Candidates should note that the name in the Admission letter in some cases, may be abbreviated due to technical reasons.
        5. The possibility for occurrence of some problems in the administration of the examinations cannot be ruled out completely, which may impact test delivery and/or result from being generated. In that event, every effort will be made to rectify such problem, which may include movement of candidates, delay in test.Conduct of a re-exam is at the absolute discretion of RBI SB/test conducting body. Candidates will not have any claim for a re-test. Candidates not willing to move or not willing to participate in the delayed process of test delivery shall be summarily rejected from the process.
        6. Candidates are advised to keep their e-mail ID/mobile number alive for receiving advices viz. Admission letters/Interview letters, etc. Candidates may check emails/SMS es regularly. The Board does not send any communication through any other mode.
        7. The posts are also open to the employees of RBI (Staff Candidates) who satisfy the eligibility criteria separately stipulated by the Bank vide their circular CO. HRMD.No.G-75/5599/05.01.01 2013-2014 dated 20th December, 2013 and who apply Online within the closing date. Their status as staff candidate will be verified at the time of interview
        8. The Board does not furnish the marksheet to candidates. Marks obtained in Phase-I (Online exam) will be made available on the website in an interactive mode, after shortlisting of candidates for Phase-II. However, the marks obtained in Phase-II Examination and Interview will be made available on the Banks website in an interactive mode only after declaration of the final result.
        9. Any canvassing by or on behalf of the candidates or to bring political or other outside influence with regard to their selection/recruitment shall be considered as disqualification.
        10. In all matters regarding eligibility, conduct of examinations, interviews, assessment, prescribing minimum qualifying standards in both the Examination and interview, in relation to number of vacancies and communication of result, the Board’s decision shall be final and binding on the candidates and no correspondence shall be entertained in this regard.
        11. The eligibility for availing reservation against the vacancies reserved for the physically disabled persons shall be the same as prescribed in "The Persons with Disability (Equal Opportunities, Protection of Rights and Full Participation) Act,1995." Provided further that the physically disabled candidates shall also be required to meet special eligibility criteria in terms of physical requirements/functional classification (abilities/disabilities) consistent with requirements prescribed.
        12. A candidate will be eligible to get the benefit of community reservation only in case the particular caste to which the candidates belong is included in the list of reserved communities issued by the Central Government. If a candidate indicates in his/her application form that he/she belongs to General category but subsequently writes to the Board to change his/her category to a reserved one,such request shall not be entertained by the Board. Similar principle will be followed for PWD categories also. In case of a candidate unfortunately becoming physically disabled during the course of the examination process, the candidate should produce valid document showing him/her acquiring a disability to the extent of 40% or more as defined under PWD Act, 1995 to enable him/her to get the benefits of PWD reservation.
        13. Candidates seeking reservation / relaxation benefits available for SC/ST/OBC/PH/Ex-servicemen must ensure that they are entitled to such reservation/relaxation as per eligibility prescribed. They should also be in possession of all the requisite certificates in the prescribed format in support of their claim as stipulated for such benefits, and these certificates should be dated earlier than the due date (closing date) of the application.
        14. Please note that Corrigendum, if any, issued on the above advertisement, will be published only on the Banks website www.rbi.org.in
        15. Any resultant dispute arising out of this advertisement shall be subject to the sole jurisdiction of the Courts situated at Mumbai only.