Applications (App.) are invited for the post mentioned below in Reserve Bank of India (RBI/Bank) from Indian citizens, subjects of Nepal and Bhutan, Tibetan refugees (who came over to India before 1st January 1962) and persons of Indian origin who have migrated from Myanmar and Sri Lanka with the intention of permanently settling in India and in whose favour Eligibility Certificates have been issued by Government of India.

1. RESEARCH OFFICERS IN GR.B FOR DSIM

A. Job Requirements:  To undertake collection, compilation, analysis and interpretation of data from various sources, undertake statistical analysis involving modern statistical/econometric models, empirical testing of data etc., to undertake conceptual and methodological studies on various types of statistics relating to money and banking, prices, saving and investment, national accounts, index numbers, etc., designing and organizing of large scale sample surveys and to undertake systems analysis and computer programme development and processing on the Bank's Computer System.

B. Age (as on 01-02-2010) : Between 21 and 30 years (candidates must have been born not earlier than 02/02/1980 and not later than 01/02/1989). (i) Candidates possessing M.Phil. and Ph.D. qualification in the specified subjects will be eligible for relaxation in upper age limit by 1 and 3 years respectively. (ii) 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. Refer item 3 below for relaxation in upper age limit for specified categories.

C. Educational Qualifications (As on 01/02/2010):

Essential : (i) 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 OR (ii) Master's Degree in Mathematics with a minimum of 55% marks or an equivalent grade and one year post graduate diploma in Statistics or related subjects from an institute of repute or (iii) M.Stat. Degree of Indian Statistical Institute with a minimum of 55% marks.

NOTE:  FOR SC Candidates, the minimum  marks required in Master's Degree as in items (i). (ii) and (iii) is 50% or an equivalent grade.

Desirable :  (i) Candidates with a Doctorate in topics related to above subjects will be given preference.  (ii) Research or teaching experience and publication in standard journals will be considered as an additional qualification.

D.  Scheme of Selection

Selection will be through Written Examinations (WE) and Interview.  'WE' will be held on May 8 (Saturday) and May 9 (Sunday), 2010 and will consist of the following papers.:

E. Syllabus: Standard of papers would be that of Master's Degree examination of any Central University in India.

Paper I : Questions would cover probability and statistical methods including probability distribution, analysis of variance, design of experiments, estimation and testing of hypotheses.

Paper II :  Questions would cover numerical analysis and computer programming logic; economic statistics and econometrics;  sample surveys; stochastic processes; multi variate analysis and non-parametric analysis.  There would be sufficient choice for candidates to attempt required number of questions from two or more of these five groups.

Paper III – English: Essay, Précis writing, Comprehension, Business/Office Correspondence.

F. Examination and Interview :   (i) Paper II and III of only such candidates, who score sufficiently high marks as decided by the Board in order of merit in Paper I, would be assessed. (ii) Question papers for 'WE' will be set in Hindi and  English except Paper III on English.  Answers may be written either in Hindi or English except for Paper III on English.  Candidates may answer the interview in Hindi or English at their option.  (iii) The number of candidates to be called for interview will be decided by the Board. (iv) Final selection will be on the basis of performance in the 'WE' (Paper I, II and Paper III) and interview taken together.

2.  EXAMINATION CENTRES

WE may be held at the following centers (Code Numbers indicated in the brackets)

Candidates can select only one centre and must indicate its name and code No. in the application.  Centre and dates of WE are liable to be changed at Board's discretion.  In the event of cancellation of WE at any centre, the Board may at its discretion allot an alternative centre to the candidates concerned. Candidates admitted to the WE will be intimated dates, time table and venue of WE through Admission Letters (AL).  Candidates will not be admitted to the WE without the AL.  Request for change of centre will not be entertained.

3. RELAXATION IN THE UPPER AGE LIMIT :

Upper age is relaxable by

(a)    3 years in the case of OBC candidates if the posts are reserved for them.

(b)   5 years in the case of: i) SC/ST candidates if the posts are reserved for them  ii) 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 applying through Employment Exchanges, iii) Ex-servicemen (including Emergency Commissioned Officers/Short Service Commissioned Officers) provided applicants have rendered at least five years continuous Military Service and have been released on completion of assignment (including those whose assignment is due to be completed within one year) otherwise than by way of dismissal or discharge on account of misconduct or inefficiency or/on account of physical disability or have been released on account of physical disability attributable to Military Service or on invalidment, iv) Emergency Commissioned Officers/Short Service Commissioned Officers who have completed their initial period of assignment of five years of Military Service but whose assignment has been extended beyond five years and in whose case the Ministry of Defence issues certificates that they would be released on selection within three months from the date of receipt of offer of appointment, v) Candidates who had ordinarily been domiciled in Kashmir Division of the State of Jammu and Kashmir between 1st January, 1980 and 31st December, 1989.

(c)  10 years for PH (Gen.);  13 years for PH (OBC) and 15 years for PH (SC/ST) candidates.

NOTE :  CUMULATIVE AGE RELAXATION WILL NOT BE AVAILABLE EITHER UNDER THE ABOVE ITEMS OR IN COMBINATION WITH ANY OTHER ITEMS.

4. SERVICE CONDITIONS / CAREER PROSPECTS FOR THE POSTS

I - Pay Scale:

They will draw a starting basic pay of Rs.13700/- p.m. in the scale of Rs.13700-700-20000-EB-700-21400-750-24400 applicable to Officers in Grade B and they will also be eligible for Dearness Allowance, Local allowance, House Allowance, Family allowance as per rules in force from time to time.  At present, initial monthly Gross emoluments  are approximately Rs.22755/-.

II) - PERQUISITES:

Bank’s accommodation subject to availability, reimbursement of expenses for maintenance of vehicle for official purpose,  newspaper, telephone charges, book grant, allowance for furnishing of residence etc., as per eligibility. Free dispensary facility besides reimbursement of medical expenses for OPD treatment/hospitalization as per eligibility. Interest free festival advance, Leave fare concession (once in two years for self, spouse and eligible dependents).  Loans and advances at concessional rates of interest for Housing, Car, Education, Consumer Articles, Personal Computer etc. The post also carry benefits of Provident Fund, Pension and Gratuity. Total pay and allowances along with admissible perquisites attached to the post work out to a minimum of Rs.6.00 lakh p.a. (approx.) on a cost to the Bank basis joining RBI at Mumbai.  The package, perks are subject to change.

NOTE: For candidates possessing very high academic or professional qualification/ experience of significant value to the Bank, the Bank may, at its sole discretion, consider granting up to four advance increments. The Board, at the sole discretion, may consider requests for higher emoluments on account of higher qualification/special experience of value to the Bank at the interview stage only.  Such information may be furnished in the Bio-data form in the appropriate column.  The number of maximum increments will be 4.  The Board/Bank will not entertain any request received after the interview.

III) Initial appointment will be on probation for a period of two years which may, at Bank's discretion, be extended upto a maximum period of four years.

IV) At certain centres, limited number of residential quarters are available. Facility for securing residential accommodation on lease, however, exists at all centres. 

V) There are reasonable prospects for promotion to higher grades.

VI) Selected candidates are liable to be posted and transferred anywhere in India.

5. APPLICATION FEE (NON-REFUNDABLE): Rs.100/- (Rupees one hundred only) for each application.  No fee is payable by SC/ST/PH candidates.  Fee is payable by Demand Draft favouring Reserve Bank of India and payable at Mumbai only.  However, candidates from un-banked areas may pay fee by crossed Indian Postal Orders in favour of Reserve Bank of India payable at GPO, Mumbai.  Candidates should write their name and address on the reverse of the Demand Draft and in the space provided for the purpose on the Postal Orders (if fee is payable) and enclose them to the application with a pin (should not be stapled).  Fees sent separately not  accompanied with proper application or payment in any other manner will not be accepted.  Fees once paid will not be refunded under any circumstances. 

6. GENERAL RULES / INSTRUCTIONS:

i) APP. NOT ACCOMPANIED BY PRESCRIBED FEES (UNLESS EXEMPTED) OR INCOMPLETE/NOT IN THE PRESCRIBED FORMAT/WITHOUT PHOTOGRAPH/ SIGNATURE WILL  BE REJECTED AND NO CORRESPONDENCE IN THIS REGARD WILL BE ENTERTAINED BY THE BOARD.

ii) CANDIDATES SHOULD NOT ENCLOSE ANY CERTIFICATES OR COPIES THEREOF WITH THE APP.  THEIR CANDIDATURE WILL BE CONSIDERED ON THE STRENGTH OF THE INFORMATION FURNISHED IN THE APP. IF AT ANY STAGE IT IS FOUND THAT ANY INFORMATION FURNISHED IN THE APP. IS FALSE/INCORRECT OR IF ACCORDING TO THE BOARD, THE CANDIDATE DOES NOT SATISFY THE ELIGIBILITY CRITERIA, HIS CANDIDATURE/APPOINTMENT IS LIABLE TO BE CANCELLED/TERMINATED.

iii) ALL EDUCATIONAL QUALIFICATIONS MUST HAVE BEEN OBTAINED FROM RECOGNISED UNIVERSITIES/INSTITUTIONS IN INDIA OR ABROAD.  IF GRADES ARE AWARDED INSTEAD OF MARKS, CANDIDATES SHOULD CLEARLY INDICATE ITS NUMERICAL EQUIVALENT.

iv) CANDIDATES SHOULD SATISFY THEMSELVES ABOUT THEIR ELIGIBILITY FOR THE POSTS APPLIED FOR.  THE BOARD MAY ADMIT TO THE 'WE'  ALL THE CANDIDATES APPLYING FOR THESE POSTS WITH THE REQUISITE FEE (WHEREVER APPLICABLE) ON THE BASIS OF THE INFORMATION FURNISHED BY THEM IN THE APP. AND SHALL DETERMINE THEIR ELIGIBILITY ONLY AT THE FINAL STAGE I.E. WHILE CALLING THEM FOR INTERVIEW.

v) Candidates already in service of Govt./Quasi-Govt. Organisations and Public Sector Banks /Undertakings will have to produce a "No Objection Certificate” from their employer, at the time of Interview.  However, before appointment in RBI, a proper discharge certificate from the employer will have to be produced.  If the App. is required to be routed through the employer and in the process it reaches the Board's Office after the due date, it will not be considered even though the applicant submitted the app. to the employer before the due date.  In such cases, App. marked 'Advance Copy' should be sent to the Board's Office direct, together with fee and the regular copy (without fee) should be routed through the employer.

vi) Candidates will have to appear for the 'WE' at their own expense.  However, candidates called for Interview, will be reimbursed to and fro actual First Class/II AC railway fare by the shortest route from the place of their residence/place of work  to the place of Interview whichever is nearer.

vii) In all correspondence with the Board, Roll No. indicated in the 'AL' must be quoted.

viii) The Board does not furnish the mark-sheet to candidates. However, examination marks and Interview marks will be available in the Bank's website after the declaration of the final result. 

ix) Change of address, if any, should be informed to the Board immediately.  Although every effort will be made to take on record such changes, the Board does not accept any responsibility in the matter, particularly when the time gap between receipt of intimation and date of examination is very short.

x) If a candidate does not receive 'AL' for 'WE'/any other communication from the Board, he/she should contact the in-charge of the RBI office, during office hours, at the Examination Centre indicated in the App. along with a passport size signed photograph, two days before the date of examination for necessary guidance.  Failure to comply with the above instructions will deprive the candidate of any claim for consideration.

xi) The post is also open to the employees of RBI (Staff Candidates) who satisfy the eligibility criteria separately stipulated by the Bank.

xii) The Board shall not entertain requests from the candidates seeking advice about their eligibility to apply.

xiii) CANVASSING IN ANY FORM WILL BE A DISQUALIFICATION.

xiv) IN ALL MATTERS REGARDING ELIGIBILITY, CONDUCT OF EXAMINATIONS, INTERVIEWS, ASSESSMENT, PRESCRIBING MINIMUM QUALIFYING STANDARDS IN 'WE' 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.

xv)  Mobile phones, pagers or any other communication devices are not allowed inside the premises where the examination is being conducted.  Any infringement of these instructions shall entail disciplinary action including ban from future examinations.

7. SUBMISSION OF THE APPLICATION :

i)  The candidates applying for the post may send their applications to the General Manager, RBI Services Board, Post Bag No. 4618, Mumbai Central Post Office, Mumbai-400008 by ordinary post.  The cover should be superscribed   "App. for the post of "Research Officers in Grade B for DSIM". 

ii) App. in closed covers may also be deposited in the box specially kept for the purpose at the Bank's Office at Reserve Bank of India, Opp. Mumbai Central Railway Station, Mumbai Central, Mumbai-400008.

8. CLOSING DATE:

a)    The closing date for these posts is 6.00 P.M. on March 29,  2010

i) The App. and DD/IPO should have been dated/obtained on or before the closing date mentioned above i.e. March 29, 2009.

ii) However, the Board shall receive the applications upto April 1, 2010 by ordinary post from those candidates from normal areas.

iii)  In the case of App. from candidates living abroad; in Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura; Ladakh division of Jammu and Kashmir State; Lahaul and Spiti Districts and Pangi Sub-division of Chamba district of Himachal Pradesh; Andaman and Nicobar Islands and Lakshadweep, the App. will be received upto April 5, 2010 by ordinary post.

b) For App. received in any manner other than by post, the benefit of extended time will not be available. The Board takes no responsibility for any delay in receipt of App. or loss thereof in postal transit.

9. CHECK-LIST FOR SUBMISSION OF THE APPLICATION FORM :

i) The Format of the Application Form given below should not itself be used as Application.

ii) The App. strictly in conformity with the Format must be typed or neatly hand-written in Hindi or English on a good quality white A4 size paper and duly affixed with a signed latest passport size photograph.   App. not in the prescribed Format/incomplete/without photograph/signature shall be rejected without any reference to the candidates.

iii) Name and Address should be written in capital letters in English only, since processing is computerized.

iv) Candidates should write their name and address on the reverse of the Demand Draft and in the space provided for the purpose on the Postal Orders (if fee is payable) and enclose them to the application with a pin (should not be stapled).

v) Candidates should ensure that all the entries have been correctly filled in and the App. submitted is duly signed.  App. not signed shall be rejected.

vi) The post applied for should be superscribed on the top of the cover containing the App.