Notification Rbi
Notification Rbi
4. Help Facility
In case of any problem in filling up the form, payment of Fee/Intimation Charges, or in downloading of Admit
Card, queries may be made through the link http://cgrs.ibps.in.
Do not forget to mention RBI Officers in Grade 'B' (DR) - GENERAL/DEPR/DSIM (as applicable), in the
subject of the email.
(a) The use of any mobile phone (even in switched off mode), pager or any electronic equipment or
programmable device or storage media like pen drive, smart watches etc. or camera or blue tooth devices or
any other equipment or related accessories either in working or switched off mode capable of being used as a
communication device during the examination is strictly prohibited. Any infringement of these instructions shall
entail disciplinary action, including ban from future examinations.
(b) Candidates are advised in their own interest not to bring any of the banned items including mobile
phones/pagers to the venue of the examination, as arrangement for safe keeping cannot be assured.
(c) Candidates are advised not to bring any valuable/costly items to the examination venue, as safe keeping
of the same cannot be assured. The Board will not be responsible for any loss in this regard.
(d) Use of calculators is not permitted in Phase-I for Grade B (DR)-General and Paper-I for DEPR / DSIM of
this examination. However, non-programmable electronic calculator will be made available online on the
screen for Paper-II to DSIM candidates only.
6. Corrigendum
Please note that Corrigendum, if any, issued on the above advertisement, will be published only on the Bank's
website (www.rbi.org.in).
Reserve Bank of India Services Board, Mumbai
Advt. No. 2A /2024-25
DETAILED NOTICE
1. The Reserve Bank of India Services Board (Board) invites applications from eligible candidates for the
posts mentioned below in Reserve Bank of India (RBI/Bank):
Number of Vacancies
$ Reservation for OBC in recruitment is governed by Office Memorandum No. 36012/22/93-Estt. (SCT) dated
September 08, 1993 of Department of Personnel & Training, Ministry of Personnel, Public Grievances &
Pensions, Government of India, as amended from time to time.
The OBC candidates coming in the 'Creamy Layer' are not entitled to OBC reservation. They should indicate
. The OBC candidates claiming reservation under the said category must
produce OBC (Non-Creamy Layer) certificate based on the income for the Financial Year (FY) 2023-2024,
2022-2023 and 2021-2022 and issued on/ after April 01, 2024 (after the completion of FY 2023-24) but not
later than the closing date of applications for the posts. The candidate should be in possession of requisite
OBC certificate in the prescribed format (Appendix V) in support of his/her claim for availing reservation on /
before the closing date of applications for the posts i.e. August 16, 2024.
@Reservation for Economically Weaker Sections (EWSs) in recruitment is governed by Office Memorandum
No.36039/1/2019-Estt. (Res) dated January 31, 2019 of Department of Personnel & Training, Ministry of
Personnel, Public Grievances & Pensions, Government of India.
of India for the Financial Year 2023-24 and Valid for the Year 2024-25. The candidate should be in possession
of requisite Income and Asset certificate in the prescribed format (Appendix-VI) in support of his/her claim for
availing reservation on / before the closing date of applications for the posts i.e. August 16, 2024.
# As per OM No.36035/02/2017-Estt (Res) dated January 15, 2018 issued by Department of Personnel &
[A] (a) blindness and low vision [B] (b) deaf and hard of hearing
[C] (c) locomotor disability including cerebral [D] (d) autism, intellectual disability, specific learning
palsy, leprosy cured, dwarfism, acid attack disability and mental illness;
victims and muscular dystrophy;
(e) multiple disabilities from amongst persons under
clauses (a) to (d) including deaf- blindness
Even if there is no vacancy reserved for SC/ST/OBC/EWS category candidates for a particular post, such
candidates can still apply. However, they will not be eligible for any concession/relaxation etc. SC/ST
candidates are exempt from payment of application fee even in such case but will have to pay specified
Intimation Charges.
The Bank has identified the following categories suitable for the posts mentioned below along with the
Functional Requirements and only the following categories of PwBD candidates are, therefore, eligible to apply
for the posts:
** Functional Requirements
S=Sitting, W=Walking, MF=Manipulation with Fingers, RW=Reading & Writing, SE=Seeing,
C=Communication.
(2) PwBD candidates may belong to any category (i.e. General/SC/ST/OBC/EWSs). Reservation for PwBD is
horizontal and within the overall vacancies for the posts subject to the posts having been identified suitable for
such disabilities.
(3) PwBD candidates should possess a latest disability certificate issued by a Competent Authority as
prescribed vide The Rights of Persons with Disabilities Act, 2016 (RPwD Act, 2016). Such certificate shall be
subject to verification/re-verification, as may be decided by the Board/ Competent Authority.
(4) Backlog vacancies reserved for PwBD would be filled by a person with benchmark disability in the
respective category. If no suitable person from that category is available such backlog vacancies would be
filled up by interchange among other eligible PwBD candidates subject to the posts having been identified
suitable for such disabilities as stated at Note II (1) above.
(5) Use of Scribe and Compensatory Time (persons having disability of 40% or more)
At the time of online/written examination, those PwBD candidates (who have disability of 40% or more) who
have physical limitation in typing/writing including that of speed would be allowed the facility to use the service
of a scribe. In all such cases where a scribe is used, the following rules will apply
Reserve Bank of India Services Board, Mumbai
Advt. No. 2A /2024-25
A. The candidate will have to arrange his/her own scribe/writer at his/her own cost.
B. Both the candidate as well as the scribe will have to give a suitable undertaking, in the prescribed
format with passport size photograph of the scribe at the time of examination.
C. PwBD candidates who have physical limitation to type/write including that of speed shall be allowed
compensatory time of 20 minutes per hour of the examination whether availing the facility of scribe
or not.
D. Any candidate who is using scribe should ensure that he/she is eligible to use scribe in the
examination as per the above guidelines. Violation of the above guidelines or suppression of material
facts shall entail the cancellation of candidature of PwBD candidate, in addition to any other action
that the Bank may deem fit against the candidate and the scribe. Such candidates can be removed
from service without notice, if he/she has already joined the Bank.
E. During the examination, at any stage, if it is found that scribe is independently answering the
questions, the examination session for such candidate
candidature will be cancelled. The candidature of such candidates using the services of a scribe will
also be cancelled if it is reported after the examination by the test administrator personnel that the
scribe independently answered the questions.
(6) Use of Scribe and Compensatory Time (persons having less than 40% disability)
In addition to the instructions applicable to PwBD candidates (who have disability of 40% or more), following
rules will apply for persons with specified disabilities covered under the definition of Section 2(s) of the RPwD
Act, 2016 but not covered under the definition of Section 2(r) of the said Act, i.e. persons having less than
40% disability and having difficulty in writing:
A. The facility of scribe and/or compensatory time shall be granted solely to those having difficulty in
writing subject to production of a certificate to the effect that person concerned has limitation to write
and that scribe is essential to write examination on his/her behalf from the competent medical
authority of a Government healthcare institution as per proforma at Appendix-VIII.
B. The qualification of the scribe should be one step below the qualification of the candidate taking
examination. The candidate opting for own scribe should submit details of the own scribe as per
proforma at Appendix-IX.
Note (III) - Candidates seeking reservation/ relaxation benefits available for SC/ST/OBC/PwBD/EWSs/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. These certificates should be dated on or before the closing date of applications
for the posts.
I. Pay Scale
Compensatory Allowance, Special Grade Allowance, Learning Allowance, House Rent Allowance as
per rules in force from time to time. At present, initial monthly gross emoluments (without HRA) are
- (approximately). The House Rent Allowance of 15% of Pay will be paid, if accommodation
is not provided by the Bank.
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 its sole discretion, may consider requests for higher emoluments because
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 maximum number
of increments which can be considered will be four. The Board/Bank will not entertain any request
received after the Interview.
II. Seniority
Candidates selected from recruitment for the post of Officer in Grade B (DR) - GENERAL stream will
join General Cadre and candidates selected from recruitment for the post of Officer in Grade B (DR)
- DEPR/DSIM stream will join DEPR/DSIM Cadre.
III. Perquisites
IV. Selected candidates will be governed by the 'Defined Contribution New Pension Scheme (NPS)
which is mandatory for all employees joining the services of the Bank on or after January 01, 2012',
in addition to the benefit of Gratuity.
V. At certain Centres, limited number of residential quarters are available. Facility for securing
residential accommodation on lease, however, exists at all the Centres.
VI. Initial appointment will be on probation for a period of two years. At Bank's discretion, the probation
period may be extended up to a maximum of four years.
VIII. Selected candidates are liable to be posted and transferred anywhere in India.
3. ELIGIBILITY CONDITIONS
I. Nationality
(i)
a citizen of India, or
(ii)
a subject of Nepal, or
(iii)
a subject of Bhutan, or
(iv)a Tibetan refugee who came over to India before 1st January, 1962 with the intention of permanently
settling in India, or
(v) 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.
Reserve Bank of India Services Board, Mumbai
Advt. No. 2A /2024-25
Provided that a candidate belonging to categories (ii), (iii), (iv) and (v) 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 is issued to
him/her by the Government of India.
a) A candidate must have attained the age of 21 years and must not have attained the age of 30 years
on July 01, 2024 i.e., he/she must have been born not earlier than July 02, 1994 and not later than
July 01, 2003.
ix. For eligible Staff Candidates, as per para 5.16 of RBI Master Circular on Recruitment dated
April 01, 2024 and RBI circular CO.HRMD.No. G132 / 17000 /05.01.01 /2013-14 dated June
09, 2014, the relaxation in age limit is according to RBI circular CO. HRMD. No. G-75/ 5599/
05.01.01/ 2013-2014 dated December 20, 2013.
x. For recruitment to the post of Grade 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 either SC or ST or OBC category, who are also covered under clauses of para
3(II)( ) above, viz. those coming under the category of Ex-servicemen or PwBD, will be
eligible for grant of cumulative age-relaxation under both the categories.
cumulative age relaxation will not be available either under the above items or in combination with any other
items.
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-Ill
The age concession under Para 3 II (b) (iv) and (v) will not be admissible to Ex-servicemen and
Commissioned Officers including ECOs/SSCOs, who are released on own request.
Note-IV
Scheduled Commercial Banks - Commercial Banks included in the Second Schedule of the RBI Act,
1934
Public Sector Insurance companies - The companies reckoned by Department of Financial Services
(DFS) [(i) Life Insurance Corporation of India, (ii) General Insurance Corporation of India, (iii) The New
India Assurance Company Limited, (iv) United India Insurance Company Limited, (v) The Oriental
Insurance Company Limited, (vi) National Insurance Company Limited and (vii) Agriculture Insurance
Company of India Limited
All India Financial Institutions - Export-Import Bank of India (EXIM Bank), National Bank for Agriculture
and Rural Development (NABARD), National Housing Bank (NHB), Small Industries Development
Bank of India (SIDBI) and National Bank for Financing Infrastructure and Development (NaBFID).
The following minimum educational qualifications are prescribed for the posts:
Post-Graduation Level
Any such course from a recognised University / Institute that is taken after
G
as equivalent to professional or technical Post-graduation will be eligible for
admission to the examination, subject to obtaining minimum marks prescribed
above.
Essential
Officers in Grade 'B' * "Principal constituent" with respect to syllabus / curriculum means half or
(DR) - DEPR more of the total courses / electives / credits must be in Economics or Finance.
Note-I
For SC, ST and PwBD candidates, the minimum marks required in Master's
Degree as in items (a) and (b) above is 50% marks or an equivalent grade in
aggregate of all semesters / years.
Desirable
Note-II
(i) Candidates having M.PhiI Degree and Doctorate Degree from a recognized
Indian / Foreign University / Institute in economics will be eligible for relaxation
in the upper age limit by 2 years and 4 years respectively.
(iii) The above age relaxations will not be cumulatively available with age
relaxations available to various categories as mentioned in Para 3 II (b) above.
Essential:
a. A Master's Degree in Statistics/ Mathematical Statistics/ Mathematical
Economics/ Econometrics/ Statistics & Informatics/ Applied Statistics &
Informatics with a minimum of 55% marks or equivalent grade in aggregate of
all semesters / years; OR
Note-I
For SC, ST and PwBD candidates, the minimum marks required in items (a),
(b), (c), (d) and (e) above is 50% or an equivalent grade in aggregate of all
semesters/ years.
Desirable:
(i) Candidates with a Doctorate in topics related to above subjects will be given
preference.
Note-II
(iii) The above age relaxations will not be cumulatively available with age
relaxations available to various categories as mentioned in Para 3 II (b) above.
Note-I
The candidate must hold a degree of any of the 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-II
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:
Note-IV
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 as per Note II above.
Note-V
The relaxation in minimum educational qualifications for SC/ST/PwBD candidates mentioned above is
subject to reservation of vacancies under the respective post and category and identification of posts for
PwBD as notified above.
Candidates belonging to General Category/EWSs, who have already appeared Six times for Phase-I
Examination for this post/s in the past, are not eligible to apply. No such restriction applies to candidates
belonging to SC/ST/OBC/PwBD, if the posts are reserved for them.
V. For Grade B (DR) - General, the Bank encourages candidates with no prior experience to apply.
4. SCHEME OF SELECTION
Selection for the aforementioned posts will be done through ONLINE / WRITTEN examinations in Phase - I
and Phase - II and Interview. Detailed scheme of selection is given at Appendix - II [Grade General]
Reserve Bank of India Services Board, Mumbai
Advt. No. 2A /2024-25
/ Appendix- III [Grade (DR)-DEPR and Grade (DR)-DSIM] which are available on the Bank's website
www.rbi.org.in. The Centres where the examinations will be held are given below:
Daman & Diu Rajkot New Delhi Delhi / NCR, Ghaziabad, Noida & Greater
Noida, Faridabad, Meerut, Gurugram
Himachal Hamirpur, Solan, Shimla, Bilaspur Tamil Nadu Chennai, Coimbatore, Erode, Madurai,
Pradesh Virudhunagar, Salem, Namakkal,
Thiruchirapalli, Tirunelvelli, Thanjavur, Vellore
(iv)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.
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 Blind / Low
Vision Candidates in their respective Centres. Candidates admitted to the examination will be informed
of the timetable and place or places of examination. The candidates should note that no request for
change of Centre will be entertained.
(v) 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.
(vi)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.
(vii) Interviews: Interviews will be conducted at some of the Centres indicated at para 4 (ii) above, details
of which will be communicated in the Interview Call Letter.
The Bank will arrange free of cost, pre-examination training for Phase-I and Phase-II (Only for those who have
successfully cleared Phase-I) examinations in online mode. Detailed instructions for candidates who may wish
to avail of this facility are given in Appendix - IV which is also available on the Bank's website www.rbi.org.in.
Please note that undergoing the training will not confer any right to the candidate to be called for the
Examination or for recruitment in the Bank's service.
Reserve Bank of India Services Board, Mumbai
Advt. No. 2A /2024-25
@ 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 RBI circular CO. HRMD. No. G-75/ 5599/
05.01.01/ 2013-2014 dated December 20, 2013 read with RBI circular CO.HRMD.No. G132 / 17000 /05.01.01
/2013-14 dated June 09, 2014 and para 5.16 of RBI Master Circular on Recruitment dated April 01, 2024. 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 circulars and Master 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
Application Fee/Intimation Charges once paid shall not be refunded under any circumstances nor can the fee
be held in reserve for any other examination or selection.
Note-Ill
Application Fee/ Intimation Charges are required to be paid only in the manner prescribed in this
advertisement.
7. HOW TO APPLY
(a) Candidates are required to apply only online using the website www.rbi.org.in and no other means/mode
of application will be accepted. Detailed instructions for filling up online applications are given at
Appendix-I which is available on the www.rbi.org.in. The applicants are advised to submit
a single application, however, if due to any unavoidable situation, if he/she submits another/multiple
applications, then he/she must ensure that the application with the higher Registration ID (RID) is
complete in all respects like applicant s details, examination Centre, photograph, signature, left thumb
impression and handwriting undertaking, 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 Application Fee/Intimation Charges paid against one RID shall not be adjusted against any other
RID.
(b) All candidates, whether already in Government Service, Government owned industrial undertakings or
other similar organisations, 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
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
Suitable provisions for information regarding use of scribes by the visually impaired candidates and
candidates with Locomotor Disability including Cerebral Palsy, Leprosy Cured, Dwarfism, Acid Attack
Reserve Bank of India Services Board, Mumbai
Advt. No. 2A /2024-25
Victims, Muscular Dystrophy and Spinal Deformity and Spinal Injury with / without any associated
neurological / limb dysfunction and candidates with multiple disabilities etc. (as provided under Note II
for PwBD candidates under Para 1) where dominant writing speed is affected to the extent of slowing
the performance of function have been made in the online application at the time of the initial online
application itself.
NOTE-2
Suitable provision for information regarding availing of compensatory time by the visually impaired
candidates and candidates with Locomotor Disability including Cerebral Palsy, Leprosy Cured,
Dwarfism, Acid Attack Victims, Muscular Dystrophy and Spinal Deformity and Spinal Injury with / without
any associated neurological / limb dysfunction and candidates with multiple disabilities etc. (as provided
under Note II for PwBD candidates under Para 1) where dominant writing speed is affected to the extent
of slowing the performance of function whether availing the facility of scribe or not have also been made
available 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, EWSs etc. which will be verified at the time of the Interview only.
Candidates belonging to the OBC category should have OBC Non-Creamy Layer certificate issued on
or after April 01, 2024 but not later than the closing date of applications for the posts. For EWSs
candidates, the Income and Asset certificate should be issued by a Competent Authority in the format
as prescribed in DoPT Office Memorandum No.36039/1/2019-Estt(Res) dated January 31, 2019. The
candidate may please note that they should be in possession for the
Financial Year 2023-24 and valid for the Year 2024-25 in the prescribed format (Appendix-VI) in support
of his/her claim for availing reservation on / before the closing date of applications for the posts.
In case they are not in possession of the said certificate on / before the closing date of online application
.
The candidates applying for the posts should ensure that they fulfil all the eligibility conditions for
admission to the Examination on / before the closure of ONLINE application date. Their admission at all
the stages of examination for which they are admitted by the Board viz. Phase -I, Phase - II or Interview
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, 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:
(i) Obtaining support for his/her candidature by the following means, namely: -
a) offering illegal gratification to, or
b) applying pressure on, or
c) blackmailing, or threatening to blackmail any person connected with the conduct of the
examination, or
(ii) impersonating, or
(iii) procuring impersonation by any person, or
(iv) submitting fabricated documents or documents which have been tampered with, or
(v) making statements which are incorrect or false or suppressing material information, or
(vi) resorting to the following means in connection with his/her candidature for the examination,
namely
a. obtaining copy of question paper through improper means,
b. finding out the particulars of the persons connected with secret work relating to the examination.
c. influencing the examiners, or
Reserve Bank of India Services Board, Mumbai
Advt. No. 2A /2024-25
Provided that no penalty shall be imposed except after (i) giving the candidate an opportunity of making such
representation, in writing as he/she may wish to make in that behalf; and (ii) taking the representation, if any,
submitted by the candidate within the period allowed to him/her into consideration.
The Online Applications can be filled up to August 16, 2024 till 06:00 PM.
9. GENERAL INSTRUCTIONS
The Board will not entertain any correspondence with the candidates about their candidature except in the
following cases:
The eligible candidates shall be issued an Admit Card two weeks before the commencement of the
examination. The Admit Card will be made available on the Bank's website www.rbi.org.in for downloading
by candidates. No Admit Card will be sent by post. If a candidate does not receive his/her e-Admit Card
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 as mentioned above.
(b) No candidate will ordinarily be allowed to take the examination unless he/she holds an Admit Card for the
examination. On downloading of e-Admit Card, check it carefully and bring discrepancies/errors, if any, to
the notice of Board immediately.
Note
Candidates have to produce in original the photo identity proof and submit a photocopy of the same photo
identity proof along with Admit Card 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 Admit Cards 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 Admit Card and Photo Identity Proof, the candidate will not be allowed to
appear for the examination.
(d) The Board would be analysing the responses of all appeared candidates to detect abnormal similarity of
responses. 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.
(e) 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.
(f) 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 Admit Card 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 Phase-I examination have been accepted by the Board as true and correct.
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.
(g) Candidates should note that the name in the Admit Card in some cases, may be abbreviated due to
technical reasons.
(h) 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 the Board/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.
(i) Candidates are advised to keep their E-mail ID/Mobile Number active for receiving advices viz. Admit
Card/Interview Call Letters, etc. Candidates may check e-mails/SMS regularly. The Board does not send
any communication through any other mode.
(j) The posts are also open to the employees of RBI (Staff Candidates) who satisfy the eligibility criteria
separately stipulated by the Bank vide their RBI Circular CO. HRMD. No. G-75/ 5599/ 05.01.01/ 2013-
2014 dated December 20, 2013 read with RBI Circular CO.HRMD.No. G132 / 17000 /05.01.01 /2013-14
dated June 09, 2014 and para 5.16 of RBI Master Circular on Recruitment dated April 01, 2024 and who
apply online within the closing date. Their status as Staff Candidate will be verified at the time of Interview.
(k) The Board does not furnish marksheet to candidates. Marks obtained in Phase-I (Online exam) will be
made available on the website (www.rbi.org.in) 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 Bank's website in an interactive mode only after declaration of the final result.
Reserve Bank of India Services Board, Mumbai
Advt. No. 2A /2024-25
(l) 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.
(m) 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.
(n) The eligibility for availing reservation against the vacancies reserved for the PwBD shall be the same as
prescribed in wD) Act, 2016" provided further that the PwBD shall
also be required to meet special eligibility criteria in terms of functional requirements (abilities/disabilities)
as prescribed.
(o) 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 or from reserved to
unreserved, such request shall not be entertained by the Board. Similar principle will be followed for
EWSs/PwBD 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 RPwD Act, 2016 to enable him/her to
get the benefits of PwBD reservation.
(q) Please note that corrigendum, if any, issued on the above advertisement, will be published only on the
Bank's website www.rbi.org.in.
(r) Any resultant dispute arising out of this advertisement shall be subject to the sole jurisdiction of the Courts
situated at Mumbai only.
Reserve Bank of India Services Board, Mumbai
Advt. No. 2A /2024-25
Appendix-I
HOW TO APPLY
Candidates must apply only online through the Bank's website i.e. www.rbi.org.in from July 25 to August 16,
2024 (till 06:00 PM). No other means/mode of applications will be accepted.
Candidates desirous of applying for posts in both Gr B (DR)-General and Grade B (DR) - DEPR or DSIM
(as the case may be) are required to apply using links for both the positions separately and pay the fees for
both.
(i) Candidates satisfying the conditions of eligibility as on July 01, 2024 are first required to visit the URL
Post of Officers in Grade (DR) GENERAL/ website i.e.
www.rbi.org.in Online
Application Form advertisement
to the online registration page.
(ii) Candidates will have to enter their basic details and upload the photograph, signature, left thumb
impression and a handwritten declaration in the online application form as per the specifications given.
(iii) To register application, choose the tab "Click here for New Registration" and enter Name, Contact details
and E-mail ID. A Provisional Registration Number and Password will be generated by the system and
displayed on the screen. Candidate should note down the Provisional Registration Number and
Reserve Bank of India Services Board, Mumbai
Advt. No. 2A /2024-25
Password. An E-mail and SMS indicating the Provisional Registration number and Password will also
be sent.
(iv) In case the candidate is unable to complete the application form in one go, he / she can save the data
already entered by choosing "SAVE AND NEXT" tab. Prior to submission of the online application,
candidates are advised to use the "SAVE AND NEXT" facility to verify the details in the online application
form and modify the same if required. Visually Impaired candidates should fill the application form
carefully and verify/get the details verified to ensure that the same are correct prior to final submission.
(v) Candidates are advised to carefully fill and verify the details filled in the online application themselves
as no change will be possible/entertained after clicking the COMPLETE REGISTRATION BUTTON.
(vi) The Name of the candidate or his /her Father/ Husband etc. should be spelt correctly in the application
as it appears in the Photo identity proof / Certificates/ Mark sheets. Any change/alteration found may
disqualify the candidature.
(vii) Validate your details and Save your application by clicking the 'Validate your details' and 'Save & Next'
button.
(viii) Proceed to upload Photo & Signature as per the specifications given in the Guidelines for Scanning and
Upload of Photograph and Signature
(ix) Proceed to fill other details of the Application Form.
(x) Click on the Preview Tab to preview and verify the entire application form before FINAL SUBMIT.
(xi) Modify details, if required, and click on 'FINAL SUBMIT' ONLY after verifying and ensuring that the
photograph, signature uploaded, and other details filled by you are correct.
(xii) Click on 'Payment' Tab and proceed for payment.
(xiii) Click on 'Submit' button.
(xiv) Candidates shall be solely responsible for filling up the online applications correctly. In case of invalid
applications due to errors committed by the applicant no claims for refund of application fees/intimation
charges so collected shall be entertained by the Board.
(xv) To avoid last minute rush, candidates are advised to pay the application fees/ intimation charges and
register online at the earliest.
(xvi) Board does not assume any responsibility for the candidates not being able to submit their applications
within the last day on account of aforesaid reasons or any other reason.
Candidates have to make the payment of requisite fee/intimation charges through the online mode only:
(i) The application form is integrated with the payment gateway and the payment process can be
completed by following the instructions.
(ii) The payment can be made by using Debit Cards (RuPay/Visa/MasterCard/Maestro), Credit Cards,
Internet Banking, IMPS, Cash Cards/ Mobile Wallets, UPI.
(iii) After submitting your payment information in the online application form, PLEASE WAIT FOR THE
INTIMATION FROM THE SERVER. DO NOT PRESS BACK OR REFRESH BUTTON IN ORDER TO
AVOID DOUBLE CHARGE.
(iv) On successful completion of the transaction, an e-Receipt will be generated.
(v) Non-generation of 'e-Receipt' indicates PAYMENT FAILURE. On failure of payment, Candidates are
advised to login again using their Provisional Registration Number and Password and repeat the
process of payment.
(vi) Candidates are required to take a printout of the e-Receipt and online Application Form. Please note
that if the same cannot be generated, online transaction may not have been successful.
(vii) For Credit Card users: All charges are listed in Indian Rupee. If you use a non-Indian credit card, your
bank will convert to your local currency based on prevailing exchange rates.
(viii) To ensure the security of your data, please close the browser window once your transaction is
completed.
(ix) There is facility to print application form containing fee details after payment of fees up to September
08, 2024.
Reserve Bank of India Services Board, Mumbai
Advt. No. 2A /2024-25
(D) GUIDELINES FOR SCANNING & UPLOADING THE PHOTOGRAPH AND SIGNATURE
Before applying online, a candidate will be required to have a scanned (digital) image of his/her photograph
and signature as per the specifications given below.
The applicant has to sign on white paper with Black Ink pen.
The applicant has to put his Left Thumb Impression (LTI) on a white paper with black or blue ink.
The applicant has to write the declaration in English clearly on a white paper with black ink.
The signature, left thumb impression and the handwritten declaration should be of the applicant and
not of any other person.
The signature will be used to put on the Admit Card and wherever necessary.
Admit Card, signed at the time of the
examination does not match the signature uploaded, the applicant will be disqualified.
Dimensions 140 x 60 pixels (preferred).
Size of file should be between 10kb 20kb for signature and left thumb impression should be
between 20kb 50kb.
For handwritten declaration size of file should be 50kb 100 kb.
Ensure that the size of the scanned image is not more than 20kb (for signature and 50kb for left
thumb impression) and 100 kb (for handwritten declaration).
Signature / Handwritten declaration in CAPITAL LETTERS shall NOT be accepted.
Set the scanner resolution to a minimum of 200 dpi (dots per inch).
Set Colour to True Colour.
File Size as specified above.
Crop the image in the scanner to the edge of the photograph/signature/ left thumb impression /
handwritten declaration, then use the upload editor to crop the image to the final size (as specified
above).
Reserve Bank of India Services Board, Mumbai
Advt. No. 2A /2024-25
The image file should be JPG or JPEG format. An example file name is: image01.jpg or
image01.jpeg. Image dimensions can be checked by listing the folder files or moving the mouse
over the file image icon.
Candidates using MS Windows/MS Office can easily obtain documents in .jpeg format not exceeding
50kb for photograph and 100kb for handwritten declaration & 20kb for signature and 50kb for left
thumb impression by using MS Paint or MS Office Picture Manager. Scanned documents in any
reduced below 50 kb (photograph) and 100 kb for (handwritten declaration) & 20 kb (signature) and
50 kb for (left thumb impression) by using crop and then resize option (Please see point (i) & (ii)
r also.
If the file size and format are not as prescribed, an error message will be displayed.
While filling in the Online Application Form, the candidate will be provided with a link to upload his/her
photograph, signature, left thumb impression and handwritten declaration.
There will be separate links for uploading photograph, signature, left thumb impression and
handwritten declaration.
photograph / signature / left thumb impression / handwritten
.
Browse and Select the location where the scanned photograph / signature / left thumb impression /
handwritten declaration file has been saved.
Select the file by clicking on it.
.
Your Online Application will not be registered unless you upload your photograph, signature, left thumb
impression and handwritten declaration as specified.
Note:
(1) In case the face in the photograph or signature or left thumb impression or the handwritten declaration
is unclear / smudged the application may be rejected.
(2) After uploading the photograph / signature / left thumb impression / handwritten declaration in the
online application form, candidates should check that the images are clear and have been uploaded
correctly. In case the photograph or signature or left thumb impression or the handwritten declaration
is not prominently visible, the candidate may edit his/ her application and reupload his/ her photograph
or signature, prior to submitting the form.
(3) After registering online candidates are advised to take a printout of their system generated online
application form.
NOTE: Please note that Corrigendum, if any, issued on the above advertisement, will be published only on
e (www.rbi.org.in).
Appendix-II
Selection will be through ONLINE examinations and Interview. Examinations will be held in two phases, as
described in the following paragraphs:
This will comprise a single Paper for 200 marks and will be held on September 08, 2024. Depending on the
number of candidates, the examination may be held in multiple shifts and on some other days also. A
candidate, however, must 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 Admit Card to be downloaded by
the candidate from website (www.rbi.org.in -
in different sessions (if held) will be normalized using equipercentile method. (If the examination is held in more
adjust for slight differences in difficulty level of different test batteries used across sessions.)
A total time of 120 minutes will be given for answering. However, separate time will be allotted for each test.
Other detailed information regarding the examination will be given in an Information Handout, which will be
made available to the candidates for download along with the Admit Card 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 Number of the candidates shortlisted for Phase-II examination will be published on
the RBI website, tentatively within a week after Phase-I examination.
The Phase-II Online Examination will be conducted on October 19, 2024 only for the candidates who are
shortlisted on the basis of results of Phase-I and based on the cut-off decided by the Board. The Phase-II
examination will be in shifts. Candidates are required to appear for all the shifts. Separate Admit Cards will be
issued for each shift. The timetable for Phase-II will be intimated to the candidates concerned along with Admit
Card for Phase-II. Phase II online examination will consist of three papers as under:
Number
Time
Name of Paper Type of Paper of Marks
(Minutes)
questions
Paper-I: 50% Objective Type
Economic and Social Issues 30 Minutes 50
50% Descriptive Type, answers
90 Minutes @
to be typed with the help of the
50
keyboard. Candidates opting to
type the answers in Hindi, may
type with the help of either: (i)
Reserve Bank of India Services Board, Mumbai
Advt. No. 2A /2024-25
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 examination 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 Numbers of the candidates shortlisted for the Interview
will be published on RBI website at appropriate time and Interview Call Letters will be sent on registered E-
mail ID. Interview will be of 75 marks.
Candidate shall be required to undergo Personality Assessment conducted by the Bank before appearing for
the Interview. No marks will be allotted for the same and it will not form part of the final selection criteria.
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 and grace marks
as applicable as per extant rules.
SYLLABI (Phase-II)
Growth and Development Measurement of growth: National Income and per capita income Poverty
Alleviation and Employment Generation in India Sustainable Development and Environmental issues.
Indian Economy Economic History of India - Changes in Industrial and Labour Policy, Monetary and Fiscal
Policy since reforms of 1991 Priorities and recommendations of Economic Survey and Union Budget Indian
Money and Financial Markets: Linkages with the economy Role of Indian banks and Reserve Bank in the
development process - Public Finance - Political Economy - Industrial Developments in India- Indian
Agriculture - Services sector in India.
Reserve Bank of India Services Board, Mumbai
Advt. No. 2A /2024-25
Social Structure in India Multiculturalism Demographic Trends Urbanisation and Migration Gender
Issues Social Justice
Books: Indian Economy: 1. Uma Kapila (series of books) 2. Indian Economy: Misra & Puri (Latest
Edition) 3. Growth and Development: Debraj Ray 4. Sociology: C.N. Shankar Rao 5. Public Finance -
K K Andley and Sundaram
Prominent Financial Newspapers
Magazines/Periodicals/ Bulletins including RBI Bulletins, EPW, India Today, etc.
Reports: 1. World Development Report 2. Economic Survey of India 3. RBI Annual Report 4. Report
on Trend and Progress of Banking in India, Report on Currency and Finance etc. 5. IMF: World
Economic Outlook
Material sourced from RBI and BIS website
The paper on English shall be framed in a manner to assess the writing skills including expression and
understanding of the topic.
a) Financial System
b) Financial Markets
Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.), functions, instruments, recent
developments.
c) General Topics
1. Financial Risk Management
2. Basics of Derivatives
3. Global financial markets and International Banking broad trends and latest developments
4. Financial Inclusion
5. Alternate source of finance, private and social cost-benefit, Public-Private Partnership
6. Corporate Governance in Banking Sector
7. The Union Budget Concepts, approach and broad trends
8. Basics of Accounting and Financial Statements - Balance Sheet, Profit and Loss, Cash Flow Statements,
Ratio Analysis (such as Debt to Equity, Debtor Days, Creditor Days, Inventory Turnover, Return on Assets,
Return on Equity, etc.)
Reserve Bank of India Services Board, Mumbai
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9. Inflation: Definition, trends, estimates, consequences and remedies (control): WPI- CPI - components and
trends; striking a balance between inflation and growth through monetary and fiscal policies
Finance
d) Management
Meaning & concept of organizational behaviour; Personality: meaning, factors affecting personality, Big
five model of personality; concept of reinforcement; Perception: concept, perceptual errors. Motivation:
Meaning of ethics, why ethical problems occur in business. Theories of ethics: Utilitarianism: weighing
social cost and benefits, Rights and duties, Justice and fairness, ethics of care, integrating utility, rights,
justice and caring, An alternative to moral principles: virtue ethics, teleological theories, egoism theory,
relativism theory, Moral issues in business: Ethics in Compliance, Finance, Human Resources, Marketing,
etc. Ethical Principles in Business: introduction, Organization Structure and Ethics, Role of Board of
Directors, Best Practices in Ethics Programme, Code of Ethics, Code of Conduct, etc.
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.
Reserve Bank of India Services Board, Mumbai
Advt. No. 2A /2024-25
Management
Appendix-III
A. Officers in Grade 'B' (DR) DEPR- PY 2024- Job Requirement, Scheme of Selection and Syllabus
Primarily to undertake economic analysis and research and contribute to policy formulation, apart from
compilation of data relating to select sectors.
Selection will be through Online/ Written Examination (WE) and Interview. There are 4 papers for the
Examination. In Phase - I of the examination, there will be Paper - I Objective Type (on Economics) and Paper-
II Descriptive Type (On English). In Phase - II, there will be Paper - I Descriptive Type (on Economics) and
Paper - II Descriptive Type (on Economics).
Total 400
Other detailed information regarding the examination will be given in an Information Handout, which will be
made available to the candidates for download along with the Admit Card for examination from the RBI
website.
Candidates, who secure minimum aggregate marks in Paper-I & II of Phase - I, as prescribed, will be shortlisted
for Phase-II of the examination. 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 Number of the candidates shortlisted for Phase - II examination will be published on the RBI website,
tentatively within a week after Phase I examination.
(iii) - : Paper-I/ Paper II - Descriptive Type (on Economics) Written Examination (WE)
The - : Paper-I/ Paper-II Descriptive Type (on Economics) will be conducted on October 26, 2024 only
for the candidates who are shortlisted on the basis of results of Phase-I. The Phase-I: Paper-I/Paper-II and
the - : Paper-I / Paper-II Descriptive Type (on Economics) examination will be in shifts. Candidates are
required to appear for all the shifts. Separate Admit Cards will be issued for each shift. The timetable for Phase-
Reserve Bank of India Services Board, Mumbai
Advt. No. 2A /2024-25
I: Paper-I/Paper-II and - : Paper-I / Paper-II Descriptive Type (on Economics) will be intimated to the
candidates concerned along with Admit Card for Phase-I and Phase-II.
(iv) Question papers for 'WE' will be set in Hindi and in English (except Paper-II on English). Answers for
: Paper-I / Paper II Descriptive Type (on Economics) may be written either in Hindi or English. -:
Paper-II will have to be answered in English only. Candidates may opt for Interview in Hindi or English.
(v) The number of candidates to be called for Interview will be decided by the Board.
(vi) -I and
, Phase-II and and Interview taken together. Interview will be of 75 marks. Candidate
may opt for Interview either in Hindi or English.
(vii) Candidate shall be required to undergo Personality Assessment conducted by the Bank before appearing
for the Interview. No marks will be allotted for the same and it will not form part of the final selection criteria.
(viii) Syllabi
Phase-I: Paper-I - Objective Type (on Economics)
The paper on English shall be framed in a manner to assess the writing skills including expression and
understanding of the topic.
Phase II: Paper - I - Descriptive Type (on Economics) (Question paper displayed on computer,
answers to be written on paper)
Microeconomics Module
Consumer Theory: Cardinal and Marginal Utility Analysis, Consumer Surplus, Indifference Curve
Analysis, Price, Income and Substitution Effects, Game Theory
Production Theory: Forms of Production function; Laws of Returns to Scale; Partial Equilibrium
Vs General Equilibrium Analysis
Welfare Economics: Pareto Optimality, Schools of Welfare Thought including Arrow, Coase and
Sen
Macroeconomics Module
Theory of employment and Output: Classical and Neo-classical approaches, Keynesian theory of
Employment and output, Post-Keynesian developments, Business Cycles
Money and Banking: Quantity theory of Money, Neutrality of money, IS - LM Model and AD-AS
Models, Money Multiplier, Monetary Policy Scope, Objectives and instruments, Inflation
targeting
Theories of Economic Growth and Development: Theories of growth, Classical and neo-classical
approaches, Theories of Economic Development
Public Finance: Theories of taxation, Theories of public expenditure, Theories of public debt
management
Phase II: Paper-II - Descriptive Type (on Economics) (Question paper displayed on computer, answers
to be written on paper)
Econometrics and advanced Applications: Regression analysis, Panel data econometrics, Time
Series econometrics, Basics of Bayesian Econometrics, Basic application of Artificial Intelligence/
Machine Learning
Monetary Policy in India: Evolution, Functions of the Reserve Bank of India, Monetary-Fiscal
coordination, Inflation targeting, Operating framework of Monetary Policy, Current trends
Banking and financial sector development in India: Banks and other constituents of Indian financial
markets and related developments, Current trends
External sector developments in India: Exchange rate management, external debt, Balance of
payments, Current trends
Reserve Bank of India Services Board, Mumbai
Advt. No. 2A /2024-25
Sectoral and other developments in India: Agriculture, industry, services and social sector-related
developments
(Equal weightage will be given to Quantitative Economics and Indian Economy-related modules)
Hal R. Varian; Intermediate Microeconomics: A Modern Approach, 9th edition, 2019. The
workbook, Workouts in Intermediate Microeconomics, by Hal R. Varian and Theodore C.
Bergstrom may be used for problems.
A. Koutsoyiannis; Modern Microeconomics, International Edition.
C.E. Ferguson and J.P. Gould; Microeconomic Theory.
Dornbusch, Fischer and Startz; Macroeconomics, McGraw Hill, 13th edition, 2018.
Olivier Blanchard; Macroeconomics, Pearson Education, Inc., 8th edition, 2021.
Brian Snowdon and Howard R. Vane; Modern Macroeconomics: Its Origin, Development and
Current State, Edward Elgar Publishing Ltd, 2005.
Paul R. Krugman, Maurice Obstfeld and Marc Melitz; International Economics: Theory and Policy,
Pearson Education, 12th edition, 2022.
Dominick Salvatore; International Economics: Trade and Finance, Wiley, 11th edition, 2014.
Richard A. Musgrave and Peggy B. Musgrave; Public Finance in Theory and Practice, McGraw
Hill, 5th edition, 2017.
Stiglitz, J.E. and Jay K. Rosengard Economics of the Public Sector, W.W. Norton & Company, 4th
edition, 2015.
A.P. Thirlwall; Economics of Development: Theory and Evidence, Macmillan, 9th edition, 2011.
Debraj Ray, Development Economics, Oxford University Press, 2009.
Basu, K., Analytical Development Economics, The Less Developed Economy Revisited, MIT
Press, 2003
For Phase - II (Paper-II - Modules on Quantitative Methods in Economics and Indian Economy)
Simon, Carl P. and Lawrence Blume; Mathematics for Economists, W. W. Norton & Company,
Inc., 1994.
Kevin Wainwright and Alpha C. Chiang; Fundamental Methods of Mathematical Economics, 4th
edition, McGraw-Hill, 2005
D. N. Gujarati and D.C. Porter; Essentials of Econometrics, McGraw-Hill, 4th edition, International
Edition, 2010.
Wooldridge, J.M; Introductory Econometrics: A Modern Approach, Cengage Learning, 7th edition,
2022.
atistics
N. G. Das; Statistical Methods, McGraw-Hill, 2008.
Reserve Bank of India Services Board, Mumbai
Advt. No. 2A /2024-25
Pearson, 2021.
B. Officers in Grade 'B' (DR) DSIM- PY 2024- Job Requirement, Scheme of Selection and Syllabus
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. Application of Data Science/Artificial Intelligence/Machine Learning techniques to derive insights from
large volume data.
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 September 14, 2024 and Paper-II & III will be
held on October 26, 2024 (date to be confirmed in Admit Cards).
Total 300
Other detailed information regarding the examination will be given in an Information Handout, which will be
made available to the candidates for download along with the Admit Card for examination from the RBI website.
Candidates, who secure minimum aggregate marks in Paper-I, as prescribed, will be shortlisted for Paper-II and
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 Number of the candidates shortlisted for Paper-II and Paper-III
examination will be published on the RBI website, tentatively within a week after Paper-I examination.
Reserve Bank of India Services Board, Mumbai
Advt. No. 2A /2024-25
The Paper-II and Paper-III Examination will be conducted on October 26, 2024 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 Admit Cards will be issued for each shift. The timetable for Paper-
II and Paper-III will be intimated to the candidates concerned along with Admit Card for Paper-II and Paper-III.
(iv) Question papers for 'WE' will be set in Hindi and in English (except Paper-III on English). Answers for
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.
v) The number of candidates to be called for the Interview will be decided by the Board.
vi) Final selection will be on the basis of performance in the WE (Paper-I, II and III) and Interview taken
together. Interview will be of 75 marks. Candidate may opt for Interview either in Hindi or English.
Candidate shall be required to undergo Personality Assessment conducted by the Bank before appearing for
the Interview. No marks will be allotted for the same and it will not form part of the final selection criteria.
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 (i) Probability and Sampling, (ii) Linear Models and Economic Statistics, (iii) Statistical
Inference: Estimation, Testing of hypothesis and Non-parametric Test, (iv) Stochastic Processes, (v)
Multivariate analysis, (vi) Econometrics and time series, (vii) Statistical computing; and (viii) Data Science, Artificial
Intelligence and Machine Learning Techniques.
Detailed Syllabus
Classical and axiomatic approach of probability and its properties, Bayes Theorem and its application, strong
and weak laws of large numbers, characteristic functions, central limit theorem, probability inequalities.
Standard probability distributions Binomial, Poison, Geometric, Negative binomial, Uniform, Normal,
exponential, Logistic, Log-normal, Beta, Gamma, Weibull, Bivariate normal etc.
Sampling Theory:
Standard sampling methods such simple random sampling, Stratified random sampling, Systematic sampling,
Cluster sampling, Two stage sampling, Probability proportional to size etc. Ratio estimation, Regression
estimation, non-sampling errors and problem of non-response, and Correspondence and categorical data
analysis.
Reserve Bank of India Services Board, Mumbai
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Simple linear regression - assumptions, estimation, and inference diagnostic checks; polynomial regression,
transformations on Y or X (Box-Cox, square root, log etc.), method of weighted least squares, inverse
regression. Multiple regression - Standard Gauss Markov setup, least squares estimation and related properties,
regression analysis with correlated observations. Simultaneous estimation of linear parametric functions,
Testing of hypotheses; Confidence intervals and regions; Multicollinearity and ridge regression, LASSO.
Definition and construction of index numbers, Standard index numbers; Conversion of chain base index to fixed
base and vice-versa; base shifting, splicing and deflating of index numbers; Measurement of economic
inequality: Gini's coefficient, Lorenz curves etc.
Estimation
Concepts of estimation, unbiasedness, sufficiency, consistency and efficiency. Factorization theorem. Complete
statistic, Minimum variance unbiased estimator (MVUE), Rao-Blackwell and Lehmann-Scheffe theorems and
their applications. Cramer-Rao inequality.
Methods of Estimation
Method of moments, method of maximum likelihood estimation, method of least square, method of minimum
Chi-square, basic idea of Bayes estimators.
Type-I and Type-II errors, critical region, level of significance, size and power, best critical region, most powerful
test, uniformly most powerful test, Neyman Pearson theory of testing of hypothesis. Likelihood ratio tests, Tests
of goodness of fit. Bartlett's test for homogeneity of variances.
Non-Parametric Test
The Kolmogorov-Smirnov test, Sign test, Wilcoxon Signed-rank test, Wilcoxon Rank-Sum test, Mann Whitney
U-test, Kruskal-Walls one way ANOVA test, Friedman's test, Kendall's Tau coefficient, Spearman's coefficient
of rank correlation.
4. Stochastic Processes
Poisson Processes
Arrival, interarrival and conditional arrival distributions. Non-homogeneous Processes. Law of Rare Events and
Poisson Process. Compound Poisson Processes.
Markov Chains
Transition probability matrix, Chapman- Kolmogorov equations, Regular chains and Stationary distributions,
Periodicity, Limit theorems. Patterns for recurrent events. Brownian Motion - Limit of Random Walk, its defining
characteristics and peculiarities; Martingales.
5. Multivariate Analysis
Multivariate normal distribution and its properties and characterization; Wishart matrix, its distribution and
ations in tests on mean vector,
cluster analysis.
Linear regression and stochastic regression, instrumental variable regression, autoregressive linear regression,
distributed lag models, estimation of lags by OLS method. Simultaneous linear equations model and its
generalization, identification problem, restrictions on structural parameters, rank and order conditions; different
estimation methods for simultaneous equations model, prediction and simultaneous confidence intervals.
Exploratory analysis of time series; Concepts of weak and strong stationarity; AR, MA and ARMA processes
and their properties; model identification based on ACF and PACF; model estimation and diagnostic tests; Box-
Jenkins models; ARCH/GARCH models.
ARIMA model, determination of the order of integration, trend stationarity and difference stationary processes,
tests of non-stationarity.
7. Statistical Computing
Simulation techniques for various probability models, and resampling methods jack-knife, bootstrap and cross-
validation; techniques for robust linear regression, nonlinear and generalized linear regression problem, tree-
structured regression and classification; Analysis of incomplete data EM algorithm, single and multiple
imputation; Markov Chain Monte Carlo and annealing techniques, Gibbs sampling, Metropolis-Hastings
algorithm; Neural Networks, Association Rules and learning algorithms.
Introduction to supervised and unsupervised pattern classification; unsupervised and reinforcement learning,
basics of optimization, model accuracy measures.
Supervised Algorithms
Linear Regression, Logistic Regression, Penalized Regression, Naïve Bayes, Nearest Neighbour, Decision
Tree, Support Vector Machine, Kernel density estimation and kernel discriminant analysis; Classification under
a regression framework, neural network, kernel regression and tree and random forests.
Unsupervised Classification
Hierarchical and non-hierarchical methods: k-means, k-medoids and linkage methods, Cluster validation
indices: Dunn index, Gap statistics.
Bagging (Random Forest) and Boosting (Adaptive Boosting, Gradient Boosting) techniques; Recurrent Neural
Network (RNN); Convolutional Neural Network; Natural Language Processing.
Paper-III
English: The paper on English shall be framed in a manner to assess the writing skills including expression and
understanding of the topic.
Statistical Inference
Kale, B.K. (1999). A First Course on Parametric Inference
Rao, C.R. (1973). Linear Statistical Inference and Its Applications
Bartoszynski, R. and Bugaj, M.N. (2007). Probability and Statistical Inference
Gibbons, J.D. and Chakraborti, S. (1992). Nonparametric Statistical Inference
Stochastic Processes
Bhat, B.R. (2000). Stochastic Models- Analysis and Applications
Prabhu, N.U. (2007). Stochastic Processes: Basic Theory and its Applications
J. Medhi (2009). Stochastic Process
Multivariate Analysis
Anderson, T.W. (2003). An Introduction to Multivariate Statistical Analysis
Arnold, Steven F. (1981). The Theory of Linear Models and Multivariate Analysis
Giri, N.C. (1977). Multivariate Statistical Inference, Academic Press
Alvin C. Rencher (2012). Methods of Multivariate Analysis
Statistical Computing and Data Science, Artificial Intelligence and Machine Learning Techniques
Sheldon M. Ross (2012). Simulation
Trevor Hastie, Robert Tibshirani, Jerome Friedman (2009). The Elements of Statistical Learning, Data
Mining, Inference, and Prediction, Second Edition
Charu C. Aggarwal (2018). Neural Networks and Deep Learning
Roger D. Peng: Advanced Statistical Computing
William J. Kennedy, Jr. and James E. Gentle: Statistical Computing
DEPR :
(i) The examination will be conducted on two days i.e. Phase-I (Paper-I & II) (Online Examination) on September
14, 2024 and Phase-II (Paper-I & II) (Online / Written Examination) will be held separately on October 26, 2024
(date to be confirmed in Admit Cards).
(ii) Phase-I : Paper-I - Objective Type (on Economics) will be conducted online and comprise multiple choice
questions. Paper-II - Descriptive Type (on English) to be typed with help of keyboard.
Reserve Bank of India Services Board, Mumbai
Advt. No. 2A /2024-25
(iii) Phase-II : Paper-I & II will be a Descriptive Type (on Economics) pen / paper based examination where the
questions will be displayed on computer screen, answers to be written on paper.
DSIM :
(i) The examination will be conducted on two days i.e. Paper-I on September 14, 2024 and Paper-II & III will be
held separately on October 26, 2024 (date to be confirmed in Admit Cards).
(ii) Paper - I (Objective type on Statistics) will be conducted online and comprise multiple choice questions.
(iii) Paper - II (on Statistics) will be a Descriptive Type pen/paper based examination where the questions will
be displayed on computer screen, answers to be written on paper.
(iv) Paper III (English) will be of Descriptive Type where the candidates will be expected to type out answers
on a computer.
The Board reserves the right to modify the exam dates and time entirely at its discretion.
Reserve Bank of India Services Board, Mumbai
Advt. No. 2A /2024-25
Appendix- IV
Pre-Examination Training for SC/ST/OBC/PwBD Candidates appearing for Officers in Grade B (DR)-
General- PY 2024
The Bank will arrange free of cost pre-examination training for Phase - I and Phase - II (Only for those who
have successfully cleared Phase-I) examinations for SC/ST/OBC/PwBD candidates in online mode.
Candidates who desire to avail of the training may apply (by email only) separately to the Regional
Director/General Manager, Reserve Bank of India at any one of the convenient Centres marked (**) below, in
the format furnished below on or before August 16, 2024. Candidates should not send their application
for training to the Reserve Bank of India Services Board's Office (Board) as the Board will not entertain
such applications.
**---------------------------
Dear Sir/Madam,
I have applied to the Reserve Bank of India Services Board (RBISB) for the post of Officer in Grade 'B' (DR) -
General PY 2024. Please register my name for training in English/Hindi# medium. I enclose an attested copy
of the Caste/PwBD Certificate and a copy of online registered application receipt of fees/intimation charges
paid online. I note that I will have to make my own arrangements for stay and meet all my expenses. I also
note that undergoing the training will not confer on me any right to be called for the Examination or for
recruitment in the Bank's service.
Yours faithfully
(Signature)
Encl.: Attested copy of the Caste/PwBD Certificate and online registered application and copy of receipt of
fees/intimation charges paid online.
#Delete inapplicable.
(Note: Training in Hindi will be held only if sufficient numbers of candidates are registered)
Kochi: Ernakulam North, Kochi-682018 ([email protected]); 13. Kolkata: 15, Netaji Subhash Road,
Kolkata-700001 ([email protected]); 14.Lucknow: 8-9, Vipin Khand, Gomti Nagar, Lucknow-226010
([email protected]); 15. Navi Mumbai: Plot No.3, Sector 10, H.H. Nirmaladevi Marg, CBD Belapur, Navi
Mumbai-400614 ([email protected]);16. Nagpur: Main Office Building, Dr. Raghavendra Rao Road,
Civil Lines, Nagpur-440001 ([email protected]); 17. New Delhi: 6, Sansad Marg, New Delhi-110001
([email protected]); 18. Panaji: 7th Floor, Gera Imperium-II, Patto, Panaji, Goa-403001
([email protected]); 19. Patna: South Gandhi Maidan, Patna-800001 ([email protected]); 20. Pune:
College of Agricultural Banking, Reserve Bank of India, University Road, Pune-411016
([email protected]); 21. Thiruvananthapuram: Bakery Junction, Thiruvananthapuram-695033
([email protected]). 22. Raipur: Subhashish Parisar
Satya Prem Vihar, Mahadev Ghat Road, Sunder Nagar, Raipur-492 013 ([email protected])
Reserve Bank of India Services Board, Mumbai
Advt. No. 2A /2024-25
he/she does not belong to the persons/sections (Creamy Layer) mentioned in Column 3 of the Schedule to the
Government of India, Department of Personnel &Training O.M. No.36012/22/93-Estt. (SCT) dated 08.09.1993,
O.M. No. 36033/3/2004-Estt. (Res) dated 9th March, 2004, O.M. No. 36033/3/2004-Estt. (Res) dated 14th
October, 2008 and O.M. No. 36033/1/2013-Estt. (Res) dated 27th May, 2013**.
Signature___________________
Designation______________________$
Dated:
Seal
* - The authority issuing the certificate may have to mention the details of Resolution of Government of India,
in which the caste of the candidate is mentioned as OBC.
$ - List of Authorities empowered to issue Other Backward Classes certificate will be the same as those
empowered to issue Scheduled Caste/Scheduled Tribe certificates.
Note: The term "Ordinarily" used here will have the same meaning as in Section 20 of the Representation of
the People Act, 1950.
Note : The prescribed proforma is subject to amendment / modification from time to time as per
Government of India Guidelines.
Reserve Bank of India Services Board, Mumbai
Advt. No. 2A /2024-25
Appendix-VI
Government of..............
(Name & Address of the authority issuing the certificate)
Certific
photograph is attested below belongs to Economically Weaker Sections, since the gross annual income* of
Recent Passport
size attested
photograph of the
applicant
*Note 1: Income covered all sources i.e. salary, agriculture, business, profession, etc.
**Note 2: The term "Family" for this purpose include the person, who seeks benefit of reservation, his/her
parents and siblings below the age of 18 years as also his/her spouse and children below the age of 18 years.
***Note 3: The property held by a "Family" in different locations or different places/cities have been clubbed
while applying the land or properly holding test to determine EWS status.
Reserve Bank of India Services Board, Mumbai
Advt. No. 2A /2024-25
Appendix-VII
PRESCRIBED PROFORMAE
The form of certificate to be produced by Scheduled Castes and Scheduled Tribes candidates applying
for appointment to posts under the Government of India
[as amended by the Scheduled Castes and Scheduled Tribes List (Modification) Order, 1956; the
Bombay Reorganisation Act, 1960, the Punjab Reorganisation Act, 1966, the State of Himachal
Pradesh Act, 1970, the North Eastern Areas (Reorganisation) Act, 1971, the Scheduled Castes and
Scheduled Tribes Order (Amendment) Act, 1976., the State of Mizoram Act, 1986, the State of
Arunachal Pradesh Act, 1986 and the Goa, Daman and Diu (Reorganisation) Act, 1987.]
% 2. Applicable in the case of Scheduled Castes/Scheduled Tribes persons who have migrated from one
State/Union Territory Administration to another.
This certificate is issued on the basis of the Scheduled Castes/Scheduled Tribes certificate issued to
Shri/Shrimati*.................................................Father/Mother of Shri/Shrimati/Kumari................................
of village/town*.......................................... in District/Division*............................of the State/Union
Territory*............................ who belongs to the caste/tribe* which is recognised as a Scheduled
Caste/Scheduled Tribe in the State/Union Territory* of ..................................... issued by the
..................................... dated ......................................
Reserve Bank of India Services Board, Mumbai
Advt. No. 2A /2024-25
Place :
Date :
NOTE: The term "ordinarily reside (s)" used here will have the same meaning as in Section 20 of the
Representation of the People Act, 1950.
(iv) Sub Divisional Officer of the area where the candidate and/or his/her family normally resides.
Appendix-VIII
Certificate for person with specified disability covered under the definition of Section 2 (s) of the RPwD
Act, 2016 but not covered under the definition of Section 2(r) of the said Act, i.e. persons having less
than 40% disability and having difficulty in writing
2. The above candidate uses aids and assistive device such as prosthetics & orthotics, hearing aid (name to
be specified) which is /are essential for the candidate to appear at the examination with the assistance of
scribe.
3. This certificate is issued only for the purpose of appearing in written examinations conducted by recruitment
agencies as well as academic institutions and is valid upto __________ (it is valid for maximum period of six
months or less as may be certified by the medical authority)
Place:
Date:
Reserve Bank of India Services Board, Mumbai
Advt. No. 2A /2024-25
Appendix-IX
Letter of Undertaking by the person with specified disability covered under the definition of Section 2
(s) of the RPwD Act, 2016 but not covered under the definition of Section 2(r) of the said Act, i.e.
persons having less than 40% disability and having difficulty in writing
2. I do hereby state that __________________________ (name of the scribe) will provide the service of scribe
for the undersigned for taking the aforementioned examination.
Place:
Date: