1. Exam comparison RBI vs Insurance assistant
  2. RBI assistant
    1. Hierarchy
    2. Working hours
    3. Career Growth / Promotions
    4. Salary and perks
    5. It is a good job, IF
      1. vs SSC CGL
    6. Cutoffs RBI Assistant 2012 exam
  3. Insurance Assistant: work profile
  4. Insurance assistant: Cutoffs

Recently, RBI and various insurance companies announced large scale vacancies for assistants. This article should settle some basic doubts regarding job. Information courtesy of my old friend csl80 (Pagalguy) + Mr. Prashant Kundu and Mr.Susheel Ragade (orkut).

Exam comparison RBI vs Insurance assistant

RBI Assistant Insurance Assistant
Vacancies 525 (less) 2600 (more)
Last date to apply 20 June 12 June
Exam date 20, 21, 27 and 28 July 14 and or 21 July
State wise vacancies? Yes Yes
Need to know state language? Yes Yes
Age 18-28 with relaxation for reserved categories, Widows and ex-servicemen.
Read notification for more
Click me		 18-28 with relaxation for reserved category.
Age relaxation also for Bangladeshi Migrants, Assam residents, existing employees of the companies.
Read notification for more, Click me.
Educational At least a Bachelor’s Degree in any discipline with a minimum of 50% marks (pass class for SC/ST/PWD candidates) in the aggregate and the knowledge of word processing on PC. Graduate from a recognized University OR
Pass in HSC/Equivalent (12 pass) examination with 60% marks (50% for Ex-servicemen, SC/ST/PH)
Exam Stages?
  1. written
  2. interview
  1. written
  2. computer proficiency test
  3. interview
Penalty for wrong answer? -1/4th (=25%)
Written stage 40 Questions each from GA, computer, Maths, English and reasoning. =Total 200 Qs, 2 hours. 50 Questions each from GA, computer, Maths, English and reasoning. =Total 250 Qs, 2 hours.
Sectional cutoffs?/ Minimum qualifying marks in each Section? Yes according to the notification. Notification is silent about this.
NOC from Ex-employer? Candidates serving in Government / Quasi Government Officers, Public Sector undertaking including Nationalised Banks and financial institutions will be required to submit ‘No Objection Certificate’ from their employer at the time of Interview, falling which their candidature may not be considered and travelling expenses, if any otherwise admissible, will not be paid.
Initial salary (approx.) 21,419 15000
Pay scale 8,040 – 410 – 9270 – 500 – 11,270 – 550 – 13,470 – 650 – 15,420 – 720 – 16,140 – 990 – 20,100 (20 years) 7640-440(1)-8080-480(2)-9040-540(5)-11740-625(2)-12990-760(3)-15270-790(2)-16850-840(5)-21050

RBI assistant

Clerical job, entry of inward and outward of mail, data entry etc.

Hierarchy

Officers (Class 1)
  • Grade A to F.
  • Grade is A is lowest, F is senior most.
  • Junior-most officer is Assistant Manager
  • An Assistant from class3, can appear in Departmental promotion exam to become an Assistant manager.
Staff (class 3 and 4)
  • Senior Assistant, special assistant, Assistant, record clerk, attendant (maintenance, catering etc.), security guards etc.

(RBI doesn’t have class II, or atleast that’s what internet says hahaha).

Working hours

  1. The working hours are quite limited 9.15 AM to 5.15 PM
  2. No one asks a class 3 (Assistants) to stay after office hours because then organization will have to pay overtime.
  3. holiday on weekends

Career Growth / Promotions

  1. For Assistant post there is no transfer.
  2. For officer first posting will be out of home state and then transfer after every 5 years.
  3. After 3 years, there is usually an in-service (departmental) exam held for Assistant managers. But you should be ready for transfer.
  4. You cannot get into officer cadre without clearing that exam.
  5. Assistant manager’s exam involves subjects like RBI Act, English etc.

Salary and perks

  1. Approximate 21419 per month but it comes with many allowances and perks so total is about 2,90,000/- per annum.
  2. other allowances, viz. Dearness Allowance, House Rent Allowance, City Compensatory Allowance, Transport Allowance etc., as admissible from time to time.
  3. RBI’s accommodation subject to availability,
  4. reimbursement of expenses for maintenance of vehicle for official purpose,
  5. Newspaper, Brief case, Book Grant,
  6. Allowance for furnishing of residence, etc. as per eligibility.
  7. Dispensary facility besides reimbursement of medical expenses for OPD treatment/hospitalization as per eligibility;
  8. Interest free Festival Advance,
  9. LTC/ Leave Fare Concession (once in two years for self, spouse and eligible dependents).
  10. Loans and Advances at concessional rates of interest for Housing, Car, Education, Consumer Articles, Personal Computer, etc.
  11. New Pension Scheme (NPS)

It is a good job, IF

  1. if you want to remain in your home state, want to have good quality life , bring up children and get a decent salary or
  2. want to prepare for any higher level competitive exams
  3. for a female who wants to get a husband on the basis of a job .
  4. Dont expect any bribe , the only advantage is that you will get fresh currency notes!

vs SSC CGL

  1. SSC also recruits “assistants” in central ministries but their promotion prospects are higher.

Cutoffs RBI Assistant exam held in 2012

Area SC ST OBC General PH
AHMEDABAD – 107 123 141 127
BANGALORE 120 113 120 138 124
BHOPAL 146 116 156 159 145
BHUBANESWAR 142 – 151 154 140
CHANDIGARH – – 139 160 146
CHENNAI 121 – 136 141 127
GUWAHATI – 117 127 133 119
HYDERABAD 142 126 149 154 140
JAIPUR 139 135 151 158 144
JAMMU – 101 107 145 131
KANPUR AND LUCKNOW 143 – 153 163 149
KOLKATA 128 – 135 153 139
MUMBAI – 109 119 137 123
NAGPUR 136 – 136 146 132
NEW Delhi 141 – 144 156 142
PATNA 136 – 154 163 149
THIRUVANANTHAPURAM and Kochi 142 – 151 158 144

Insurance Assistant: work profile

So far Insurance Assistant job is concerned its same like bank clerk job only difference is 5 days a week in GIC

Insurance assistant: Cutoffs

No information of cut offs available, because this is for the first time they are conducting common exam for four public sector general insurance companies.