Appointment of Deputy Governor of RBI

About Deputy Governor of RBI

• The Central Bank has 4 Deputy Governors appointed by the Central Government.
• Qualifications:
  • A person must have at least 25 years of work experience in Public Administration including experience at the level of Secretary or equivalent in the Government of India;
  • or At least 25 years of work experience in an Indian or International Public Financial Institution.
• Tenure: 3 years (Eligible for reappointment).
• Participation in a meeting of the Central Board: A Deputy Governor, if nominated, may attend any meeting of the Central Board and take part in its deliberations but is not entitled to vote.
• Salaries and allowances: The Deputy Governor receives such salaries and allowances as determined by the Central Board, with the approval of the Central Government.
• Removal: The Deputy Governor of RBi may be removed from his/her office by the Central Government.

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