India opens applications for RBI Deputy Governor role, term begins January 2025

India has opened applications for the role of Deputy Governor at the Reserve Bank of India (RBI), with a deadline of November 30. The appointment is for a three-year term, with the possibility of reappointment.

The vacancy arises as Michael Debabrata Patra’s term as Deputy Governor will conclude in January 2025, following a one-year extension that took his service from January 2023 to January 2024.

Patra originally assumed office in January 2020.

Eligible candidates must have at least 25 years of experience in public administration, with senior-level experience equivalent to the rank of secretary in the Government of India.

Alternatively, candidates with 25 years of experience in public financial institutions, either in India or internationally, or those with an outstanding track record in relevant fields at a national or international level, may also apply.

Applicants should be under the age of 60 as of January 15, 2025.

The position comes with a pay scale of ₹2,25,000.