Reserve Bank of India (RBI) Recruitment – 2017 – 2016

Reserve Bank of India Recruitment-2017-2016: The Reserve Bank of India (RBI, Hindi: भारतीय रिज़र्व बैंक) is India’s central banking institution, which controls the monetary policy of the Indian rupee. It commenced its operations on 1 April 1935 during the British Rule in accordance with the provisions of the Reserve Bank of India Act, 1934. The original share capital was divided into shares of 100 each fully paid, which were initially owned entirely by private shareholders. Following India’s independence on 15 August 1947, the RBI was nationalised on 1 January 1949.

The RBI plays an important part in the Development Strategy of the Government of India. It is a member bank of the Asian Clearing Union. The general superintendence and direction of the RBI is entrusted with the 21-member Central Board of Directors: the Governor, 4 Deputy Governors, 2 Finance Ministry representatives, 10 government-nominated directors to represent important elements from India’s economy, and 4 directors to represent local boards headquartered at Mumbai, Kolkata, Chennai and New Delhi. Each of these local boards consists of 5 members who represent regional interests, and the interests of co-operative and indigenous banks.

A Central Bank is an independent apex monetary authority which regulates banks, and provides important financial services like storing of foreign exchange reserves, control of inflation, monetary policy report. A Central Bank is known by different names in different countries. The functions of a Central Bank vary from country to country and are autonomous or quasi autonomous body and perform or through another agency vital monetary functions in the country. A central bank is a vital financial apex institution of an economy and the key objects of central banks may differ from country to country still they perform activities and functions with the goal of maintaining economic stability and growth of an economy.

The bank also active in promoting financial inclusion policy and is a leading member of the Alliance for Financial Inclusion (AFI).

Reserve Bank of India (RBI) invites application for the post of 04 Research Positions. Apply before 16 December 2016.

Name of PostNo. of VacanciesPay Scale
Research Positions (Grade B)04₹ 35150-62400/-

Educational Qualification: Ph.D. in areas of Economics or Finance from reputed universities is the minimum required educational qualification. The Bank will also look at those with interest and expertise in related areas in econometric, computational and theoretical economics. High quality research potential and communication skills of international standards are essential.

Age Limit: 34 years (as 01.11.2016).

Age Relaxation:
For Ex-employees: 05 years
For Other Backward Classes (OBC): 03 years
For Persons with Disabilities (PWD): 10 years

Job Location: All India.

Selection Process: Selection will be based on Preliminary Interview & performance in the Job Seminar.

How to Apply: Interested candidates may apply for Reserve Bank of India Recruitment-2017-2016 in prescribed application form along with copy of relevant documents send to “The General Manager, Reserve Bank of India Services Board, Third Floor, RBI Building, Opp. Mumbai Central Railway Station, Byculla, Mumbai – 400008” or e-mail to on or before 16.12.2016.

Important Dates:
Last Date for Submission of Application form for Reserve Bank of India Recruitment-2017-2016: 16.12.2016

Important Links:

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