RRB stands for Regional Rural Bank. The meaning is pretty simple. Banks that are region-specific and local. They are government banks operating at the regional level in different states of India. Originally set up to provide basic banking facilities to the rural, they have expanded to urban areas too.
Functions of RRB
- The area of operation is limited to how much the government has allowed. It’s one or more districts in a state
- They provide banking facilities to rural and semi-urban areas. This is their primary role
- They carry out government operations like disbursement of wages of MGNREGA (Mahatma Gandhi National Rural Employment Guarantee Act) workers, distribution of pensions and others
- Providing para-banking facilities like locker facilities, credit and debit cards, net banking, mobile banking, UPI, etc.
- Small financial banks
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RRBs were established under the provisions of an ordinance passed on 26 September 1975 and the RRB act 1976 and the aim was the same as it still is, to provide sufficient and basic banking facilities for agriculture and other rural sectors. The first five Regional Rural Banks were set up on the Gandhi Jayanthi of 1975 (2 October 2975). The government may own them, but private banks also sponsor them in return for 35% of the shares. The first RRB was in Uttar Pradesh and sponsored by Syndicate Bank.
The structure varies based on the nature and size of business done. The decision-making hierarchy of officials in an RRB is as follows:
- Board of Directors
- Chairman & Managing Director
- General Manager
- Assistant General Manager
- Regional Manager/Chief Manager
- Senior Manager
- Office Assistant
- Office Attendant
Role and Objective of RRB
RRBs play a crucial role in the development of rural regions of India in terms of economics. The main objective/goal of establishing RRBs in India was to provide credit to the rural people who are not economically strong enough especially small farmers, agricultural labourers and artisans. In doing so, they hope to develop agriculture, trade, commerce, industry and other productive activities in different rural areas of India.
Here we have the list of vacancies separated by the posts offered
|IBPS RRB Office Assistant (Multipurpose) Vacancy||3688|
|IBPS RRB Officer Scale -I Vacancy||3352|
|IBPS RRB Officer Scale-II (Agriculture Officer) Vacancy||106|
|IBPS RRB Officer Scale-II (Marketing Officer) Vacancy||45|
|IBPS RRB Officer Scale-II (Treasury Officer) Vacancy||11|
|IBPS RRB Officer Scale-II (Law) Vacancy||18|
|IBPS RRB Officer Scale-II (CA) Vacancy||24|
|IBPS RRB Officer Scale-II (IT) Vacancy||75|
|Officer Scale-II (General Banking Officer)||893|
|Officer Scale – III||156|
The following is the eligibility criteria for the IBPS RRB exams:
|Nationality / Citizenship||
|Age Limit (As on 01.06.2020)||For Office Assistant (Multipurpose)– Between 18 years and 28 years i.e., candidates should have not been born earlier than 02.06.1992 and later than 01.06.2002 (both dates inclusive).
For Officer Scale- I (Assistant Manager)– Above 18 years – Below 30 years i.e. candidates should not have been born earlier than 03.06.1990 and later than 31.05.2002 (both dates inclusive).
For Officer Scale-II (Manager)– Above 21 years – Below 32 years i.e. candidates should not have been born earlier than 03.06.1988 and later than 31.05.1999 (both dates inclusive).
For Officer Scale- III (Senior Manager)– Above 21 years – Below 40 years i.e. candidates should not have been born earlier than 03.06.190 and later than 31.05.1999 (both dates inclusive).
IBPS RRB exams are held to give employment opportunities to the people and let them work in the various branches of a regional rural bank.
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