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7 Dec 2016

Banking Notification of RBI Recruitment 2016 – Vacancies for 610 Assistant Posts


Do Not Miss This Opportunity...!!! Notification of RBI Recruitment 2016 – Vacancies for 610 Assistant Posts: Reserve Bank of India (RBI) is a reputed organization which is currently looking for deserving candidates to fill Assistant posts. It has published notification for the recruitment of 610 Assistant vacancies in various offices of the Bank.


The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in 1937. The Central Office is where the Governor sits and where policies are formulated. Though originally privately owned, since nationalization in 1949, the Reserve Bank is fully owned by the Government of India. The function of the Reserve Bank of India is to regulate the issue of Bank Notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage. The Reserve Bank's affairs are governed by a central board of directors. The board is appointed by the Government of India in keeping with the Reserve Bank of India Act. The Reserve Bank of India performs this function under the guidance of the Board for Financial Supervision (BFS). The Board was constituted in November 1994 as a committee of the Central Board of Directors of the Reserve Bank of India. Primary objective of BFS is to undertake consolidated supervision of the financial sector comprising commercial banks, financial institutions and non-banking finance companies. The Board is required to meet normally once every month. It considers inspection reports and other supervisory issues placed before it by the supervisory departments. BFS through the Audit Sub-Committee also aims at upgrading the quality of the statutory audit and internal audit functions in banks and financial institutions. The audit sub-committee includes Deputy Governor as the chairman and two Directors of the Central Board as members. The BFS oversees the functioning of Department of Banking Supervision (DBS), Department of Non-Banking Supervision (DNBS) and Financial Institutions Division (FID) and gives directions on the regulatory and supervisory issues.

An interesting feature of the Reserve Bank of India was that at its very inception, the Bank was seen as playing a special role in the context of development, especially Agriculture. When India commenced its plan endeavors, the development role of the Bank came into focus, especially in the sixties when the Reserve Bank, in many ways, pioneered the concept and practice of using finance to catalyse development. The Bank was also instrumental in institutional development and helped set up institutions like the Deposit Insurance and Credit Guarantee Corporation of India, the Unit Trust of India, the Industrial Development Bank of India, the National Bank of Agriculture and Rural Development, the Discount and Finance House of India etc. to build the financial infrastructure of the country. With liberalization, the Bank's focus has shifted back to core central banking functions like Monetary Policy, Bank Supervision and Regulation, and Overseeing the Payments System and onto developing the financial markets.

The board has recently issued a notification to fill 610 Assistant Posts. Eligible candidates those who are interested and wish to be the part of this organization may apply online from 07-11-2016 to 28-11-2016. Other details like age limit, educational qualification, selection process and registration process are given below…

RBI Vacancy Details:
Total No. of Posts: 610
Name of the Post: Assistant

Name of the Office Location and No. of Vacancies:

S.No. Location No. of Posts
1. Ahmedabad  30 Posts
2. Bangalore  35 Posts
3. Bhopal  40 Posts
4. Bhubaneswar  20 Posts
5. Chandigarh  38 Posts
6. Chennai  25 Posts
7. Guwahati  27 Posts
8. Hyderabad  31 Posts
9. Jaipur  20 Posts
10. Jammu  10 Posts
11. Kanpur & Lucknow  52 Posts
12. Kolkata  35 Posts
13. Mumbai  150 Posts
14. Nagpur  20 Posts
15. New Delhi  25 Posts
16. Patna  22 Posts
17. Thiruvananthapuram & Kochi  30 Posts

Age Criteria: Candidate's age limit should be of between 20 to 28 years as on 08-11-2016. Please note that age relaxation is applicable upto 05 years for SC/ ST candidates and upto 03 years for OBC candidates. For other relaxation details refer the notification.

Educational Qualification: Candidate should hold a Bachelor’s Degree in any discipline with a minimum of 50% marks (pass class for SC/ ST/ PWD candidates) in the aggregate. Candidates should have the knowledge of word processing on PC.

Mode of Selection: Candidates will be selected based on the result of their performance in preliminary Exam, Main Exam and Interview.

Application FeeFee details are as follows :

* OBC/ General Candidates : Should pay Rs. 450/- (Examination fee + Intimation Charges)
* SC/ ST/ PWD/ EXS Candidates : Should pay Rs. 50/- (Intimation Charges)

The payment can be made through online by using gateway/ Debit Cards (RuPay/ Visa/ Master Card/ Maestro), Credit Cards, Internet Banking, IMPS, Cash Cards/ Mobile Wallets.

How to Apply: Eligible candidates may apply online through the website between 07-11-2016 to 28-11-2016.

Steps to Apply Online:

1. Log on the website
2. Click on Notification and select the desired post
3. Go through all the notification and Click on “Recruitment for the Post of Assistant”
4. Fill all the details and submit the form.
5. Candidate may take a print out of online application for future use.

NOTECandidates should have a valid e mail id and contact number before applying online as well should have their scanned photograph and signature.

Important Dates:

Online application and fee payment starts effective 07-11-2016
Last date to apply online and of fee submission 28-11-2016
Schedule of Online Preliminary Test December 23 & 24, 2016 (RBI reserves the right to change the dates of examination)
Schedule of Online Main Test (Tentative) January 2017 (RBI reserves the right to change the dates of examination)

For additional details like reservation, guidelines, relaxation, exam details, address of offices, examination centers, pay scale and other information, please visit the below provided links :

Recruitment Advt

Detailed Corrected Notification

Apply Online


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