What is the Role and Objective of RRB?

Table of Contents

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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Short History

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.

Organizational Structure

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
Manager
Officer
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.

Vacancy

Here we have the list of vacancies separated by the posts offered

Posts	Vacancies
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
Total	8354

Eligibility

The following is the eligibility criteria for the IBPS RRB exams:

Eligibility Criteria	Requirement
Nationality / Citizenship	a Citizen of India or a subject of Nepal or a subject of Bhutan or a Tibetan Refugee who came over to India before 1st January 1962 with the intention of permanently settling in India or a person of Indian origin who has migrated from Pakistan, Burma, Sri Lanka, East African countries of Kenya, Uganda, the United Republic of Tanzania (formerly Tanganyika and Zanzibar), Zambia, Malawi, Zaire, Ethiopia and Vietnam with the intention of permanently settling in India, provided that a candidate belonging to categories (ii), (iii), (iv) & (v) above shall be a person in whose favour a certificate of eligibility has been issued by the Government of India.
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).
Language Proficiency	Candidates applying for the posts of Office Assistant in any particular RRB are required to possess proficiency in the local language of the State/ UT in which the RRB is situated to be eligible for interview.

Exams

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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