May 8, 2021

Job post| Recovery Officer at Debt Recovery Tribunals, Ministry of Finance: Apply by June 30

Debts Recovery Appellate Tribunals

About the Debts Recovery Appellate Tribunals

The Debts Recovery Tribunals (DRTs) and Debts Recovery Appellate Tribunals (DRATs) were established under the Recovery of Debts and Bankruptcy Act (RDB Act), 1993 with the specific objective of providing expeditious adjudication and recovery of debts due to Banks and Financial Institutions.

About the Opportunity

Applications are invited from eligible candidates to fill up 26 vacancies for the post of Recovery Officer in Debt Recovery Tribunals, under The Department of Financial Services, Ministry of Finance.

Number of Vacancies

Recovery Officer: 26

  • Existing: 9 vacancies in DRTS at Chandigarh, Cuttack, Delhi (3), Hyderabad, Mumbai, Ranchi, Siliguri.
  • Anticipated: 17 vacancies in DRTS at Ahmedabad, Allahabad (2), Bengaluru, Chandigarh (3), Chennai, Cuttack, Delhi, Guwahati, Hyderabad, Jabalpur, Madurai, Mumbai, Patna, Siliguri and any unforeseen vacancy.

Willing and eligible officers may submit their applications, duly filled, in the prescribed proforma through proper channel only (ie through their Cadre Controlling Authority) so as to reach the undersigned on or before 30th June, 2021.

No applicant will be permitted to withdraw his/her candidature after selection. Doing so will attract one-year debarment of such candidates for deputation in DRATS/DRTS.

Eligibility

Essential:

Officers under the Central Government or State Governments or Courts or Tribunals;

  • holding analogous post on regular basis in the parent cadre or Department; OR
  • with five years service in the grade rendered after appointment thereto on a regular basis in the post of Section Officer in Level 9 in the pay matrix (Rs. 53100-167800) or equivalent in the parent cadre or Department, OR
  • with six years service in the grade rendered after appointment thereto on a regular basis in the post of Section Officer in Level 8 in the pay matrix (Rs. 47600-151100) or equivalent; OR
  • with 7 years service in the grade rendered after appointment thereto on a regular basis in the post of Section Officer in Level 7 in the pay matrix (Rs. 44900-142400) or equivalent.

Officers of the public sector banks:

  • Scale IV Officers holding analogous post on regular basis in the parent cadre or Department, OR
  • Scale III Officers with five years regular service in the post.

Desirable:

Degree in Law or having legal experience.

Note 1: The period of deputation including the period of deputation in another ex-cadre post held immediately preceding this appointment in the same or some other Organization or Department of the Central Government shall ordinarily not exceed four years

Note 2: The maximum age limit for appointment on deputation shall be not exceeding fifty-six years as on the closing last date of receipt of applications.

Application procedure

Willing and eligible officers may submit their applications, duly filled, in the prescribed proforma through proper channel only (ie through their Cadre Controlling Authority) so as to reach the undersigned on or before 30th June, 2021.

The application form can be found in Annexure-II of the official notification.

For complete, detailed information, refer to the official notification.

Location

Multiple locations

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