Advt. No. 1A /2010-11 Telegraphic Address : "SERVBOARD" Mumbai
(This advertisement and the format of the Application can be accessed on RBI Website www.rbi.org.in)
1. Eligibility Criteria:
(A) Educational Qualifications: (as on 01-07-2010)
A First Class Bachelor’s Degree with a minimum of 60% marks or an equivalent grade. SC/ST/PWD(HI/VH/OH) candidates having Second Class with a minimum of 50% marks or equivalent grade in Bachelor’s Degree examination are eligible to apply if posts are reserved for them
AND
GEN/OBC/SC/ST/PWD(HI/VH/OH) candidates must also possess skills relating to Information Technology. For this purpose, they must have successfully completed any Certificate Course related to Information Technology.
(B) Age: (as on 01-07-2010)
Between 21 and 30 years (candidates must have been born not earlier than 02-07-1980 and not later than 01–07–1989).
2. APPLICATION FEE (Non-Refundable): Rs.100/- (Rupees one hundred only). No fee is payable by SC/ST/ PWD 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 (IPO) 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.
3. Scheme of Selection :
A) Selection will be through Written Examination (WE) which will be an Objective Type Test followed by an Interview. The Objective Type test paper will be of 3 hours duration for 200 marks. The paper shall consist tests of i) General Awareness ii) English Language iii) Quantitative Aptitude and iv) Reasoning. Candidates have to secure minimum marks separately for each test as may be prescribed by the Board. Candidates who secure minimum marks separately for each test as prescribed will be short-listed for interview based on the aggregate marks obtained in the Objective Test. The minimum aggregate cut off marks for being short-listed for Interview will be decided by the Board in relation to the number of vacancies. Candidates may answer the interview in Hindi or English at their option. Final Selection will be based on the performance of the candidate in the WE (Objective Type Test) and Interview taken together.
B) The ‘WE’ (Objective Type Test of 3 hours duration for 200 marks) will be held on Sunday, the October 24, 2010.
Compensation Package :
All appointments would be on Cost-to-Company basis and besides the advertised remuneration, no other money / allowance would be payable. The compensation package will include the approximate market value of a suitable accommodation in Mumbai suburbs besides other components like LFC, etc. No perquisites other than Lounge and Dispensary facilities would be allowed. However, the incumbent will be given the medical facilities under the BMFS (Bank’s Medical Facility Scheme) and also be eligible for medical reimbursement on declaration basis on the same scale as applicable to the junior most officers in the Bank.
i) Fixed Compensation :
The compensation for the three years, payable pro rata at the end of each month for the year, shall be as follows :
Component | Total Amount (in Rs.) per annum | ||
1st year | 2nd year | 3rd year | |
Basic Compensation | 2,50,000 | 3,00,000 | 3,50,000 |
Compensation towards Conveyance | 65,000 | 65,000 | 65,000 |
Compensation towards House Rent @ | 1,75,000 | 1,75,000 | 1,75,000 |
Compensation towards LFC* | 10,000 | 10,000 | 10,000 |
Aggregate Annual Compensation | 5,00,000 | 5,50,000 | 6,00,000 |
| * LFC- Leave Fare Concession @ The compensation towards House Rent will be paid uniformly irrespective of the place of posting. | |||
ii) Performance Incentive :
In addition, the Second party will also be entitled to be considered for payment of performance incentive ranging from NIL to a maximum of Rs. 50,000/- per annum. Payment of performance incentive will depend on evaluation of Second party’s performance at the end of the year and the quantum will vary depending upon the performance level achieved by the Second party. The performance incentive will not be payable if either Party terminates the contract before completion of the relevant year. The other details shall be as fixed by the Bank from time to time and shall be made known to the Second party in due course.
For Further Details Visit the following link on the RBI Website
http://www.rbi.org.in/scripts/bs_viewcontent.aspx?Id=2229
