Reserve Bank Of India Recruitment 2018: Legal Consultant

The Reserve Bank of India Services Board (Board) invites applications from eligible candidates for the posts mentioned below in Reserve Bank of India (RBI/Bank) on the contract basis. Before applying, candidates should ensure that they fulfil the eligibility criteria for the advertised posts in the Reserve Bank of India (RBI / Bank). The Reserve Bank of India Services Board, hereinafter referred to as ‘Board’, would admit to the interviews all the candidates applying for this post with the requisite fee/intimation charges (wherever applicable) on the basis of the information furnished in the ONLINE application and shall determine their eligibility only at the final stage i.e. interview stage. If at that stage, it is found that any information furnished in the ON-LINE application is false/ incorrect or if according to the Board, the candidate does not satisfy the eligibility criteria for the post, his/ her candidature will be cancelled and he/she will not be allowed to appear for an interview.

1. Legal Consultant (Grade ‘F’)

No of posts: 02
Age: (as on 01-09-2018): Should not be below 45 years and above 55 years.

Educational Qualification (as on 01-09-2018):

a) Bachelor’s Degree in Law recognized by the Bar Council of India for the purpose of enrollment as an Advocate with a minimum of 50% marks or equivalent in the aggregate of all semesters/years; and
b) Master’s Degree / PhD in Law from a recognized university.

Experience (as on 01-09-2018):

a) Essential: At least ‘fifteen years’ experience as an Advocate or as a Law Officer in the Legal Department of a large bank/financial institution /statutory corporation or in the Legal Department of Central/State Government or as a partner in a Law firm providing legal advice.
b) Desirable: Experience in Taxation laws, International laws, laws relating to Banking, Payment Systems, Forex and Cyber / IT Laws.

Remuneration: 

The compensation package (without providing housing) will be equal to Cost-to-Company (CTC) equivalent of Grade ‘F’ Officers in the Bank (presently Rs. 36 lakh per annum subject to tax (pre-revised). The selected candidate will be offered a compensation package on CTC basis. The minimum consolidated monthly emoluments in Mumbai will be as under:
a) Without Housing: Rs 3,00,000/-
b) With Housing: Rs 1,75,000/-

2. Legal Consultant (Grade ‘C’/’D’)

No of posts: 04
Age: (as on 01-09-2018): Should not be below 30 years and above 45 years.
Upper age is relaxable by-
(a) Three years in the case of OBC candidates, if the posts are reserved for them.
(b) Five years in the case of i) SC/ST candidates if the posts are reserved for them

Educational Qualification (as on 01-09-2018): 

a) Bachelor’s Degree in Law recognized by the Bar Council of India for the purpose of enrollment as an Advocate with a minimum of 50% marks or equivalent in the aggregate of all semesters/years; and
b) Master’s Degree / PhD in Law from a recognized university.

Experience (as on 01-09-2018): 

a) Essential: At least ‘seven years’ experience as an Advocate or as a Law Officer in the Legal Department of a large bank/financial institution /statutory corporation or in the Legal Department of Central/State Government or as a partner in a Law firm providing legal advice.
b) Desirable: Experience in Taxation laws, International laws, laws relating to Banking, Payment Systems, Forex and Cyber / IT Laws.

Remuneration:

a) Legal Consultant in Gr ‘D': Rs 1.35 lakh p.m. (With Housing), Rs 2.10 lakh p.m. (Without Housing)
b) Legal Consultant in Gr ‘ C': Rs 1.25 lakh p.m. (With Housing), Rs 1.80 lakh p.m. (Without Housing)

Selection Procedure: 

Selection will be through interview only. Familiarity and capability of the candidate to deal with issues relating to the Banking Regulation Act, 1949, RBI Act 1934 and FEMA, 1999, etc., inter alia may be judged during the interview.

Application Fee: 

SC/ST/PwBD: Rs.100/-,
GEN/OBC: Rs.600/

How to apply: 

Candidates have to apply only online through the Bank's website i.e. www.rbi.org.in from 21/09/2018 to 05/10/2018. No other means/mode of applications will be accepted.

IMPORTANT DATES:
Last Dates- 05/10/2018

IMPORTANT LINKS:
Download Official Notification - CLICK HERE