7th Pay commission latest news today: Rs 77,208 salary! Apply before 11th October at rbi.org.in for this prestigious job

7th Pay commission latest news today: Reserve Bank of India (RBI) has released a notification in which they have invited applicants for the recruitment of Officers in Grade B (General) DR, DEPR and DSIM in Common Seniority Group (CSG) Streams for the year 2019. The online application process has already started on the RBI official website. The last date for submitting RBI Grade B Application is on 11 October 2019. Candidates can also click on the official link ie. https://opportunities.rbi.org.in/Scripts/bs_viewcontent.aspx?Id=3766

7th Pay commission Pay Scale:
Selected candidates will be paid on pay matrix of Level ‘7’ and will draw a starting basic pay of Rs 35,150/- p.m. in the pay scale of Rs. 35150-1750 (9)-50900-EB-1750 (2)-54400-2000 (4)-62400 applicable to Officers in Grade B and they will also be eligible for 7th Pay commission based Dearness Allowance, Local allowance, House Rent Allowance (HRA), Family allowance and Grade Allowance as per rules in force from time to time. At present, initial monthly Gross emoluments are approximately Rs 77,208/-(approx.)

Examination details:
Gr B (DR), DEPR, DSIM  exam will be held on 09 November 2019.  Gr B (DR) Phase 2 will be conducted on 01 December 2019 while DEPR/DSIM will be held on 02 December 2019.

The exam will be conducted in Online Mode and will consist of two papers i.e. Paper I and Paper II. The candidates who will qualify RBI Grade B Paper I will be called for RBI Grade B Paper II. After qualifying both the phases with minimum aggregate cut off marks will be required to appear for RBI Grade B Interview.

Vacancy Details:
Officers in Grade 'B' (DR) - (General) - 156
Officers in Grade 'B' (DR) – DEPR - 20
Officers in Grade 'B' (DR) - DSIM - 23

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Eligibility Criteria:
Candidates applying for the post of Officers in Grade 'B' (DR) - (General) are expected to have a minimum of 60% marks (50% in case of SC/ST/PwBD) or an equivalent grade in Bachelor's degree as well as in 12th (or Diploma or equivalent) and 10th Standard examinations. 

Candidates applying for the post of Officers in Grade 'B' (DR) are expected to have a Master's Degree in Economics / Econometrics / Quantitative Economics / Mathematical Economics / Integrated Economics Course/ Finance, with a minimum of 55% marks or an equivalent grade in aggregate of all semesters /years from a recognised Indian or Foreign University /Institute.

Candidates applying for the post of Officers in Grade 'B' (DR) are expected to have a DSIM 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 in aggregate of all semesters / years

Selection Procedure
Selection for the posts will be done through online examinations in Phase - I and Phase - II followed by an Interview. The eligible candidates can apply online through Bank's website www.rbi.org.in. 

Application Fee:
Unreserved/EWS& OBC candidates applying for the recruitment have to pay Rs  Rs.850/- (Application fee including intimation charges) and SC/ST/PwBD category candidates have to pay Rs 100 (Intimation Charges only).