1. Introduction - A Different Kind of Banking Job

Most Indian aspirants associate banking recruitment with IBPS PO, SBI Clerk, or RBI Assistant exams. But every year the Reserve Bank of India also hires professionals from non-banking backgrounds-especially doctors-for the role of Bank’s Medical Consultant (BMC).

This recruitment is NOT an exam-based mass hiring. It is a specialized contractual engagement meant for experienced medical professionals who want:

  • Stable part-time government-linked work
  • Predictable income
  • Less stress than full-time hospital duty
  • Association with India’s most prestigious financial institution

If you are an MBBS doctor in Hyderabad looking for steady supplementary income with fixed working hours, this opening deserves serious attention.

However, it is not for fresh graduates or full-time job seekers expecting a permanent government post. This article will help you understand realistically whether this opportunity fits your career goals.

2. Key Official Details at a Glance

ParticularInformation
OrganizationReserve Bank of India (RBI)
Post NameBank’s Medical Consultant (BMC)
Total Vacancy1
Mode of ApplicationOffline
Job LocationHyderabad
QualificationMBBS (recognized by MCI)
Experience RequiredMinimum 2 years
Last Date to Apply13 February 2026
Selection ProcessInterview + Document Verification
Official Websiterbi.org.in

3. Post-Wise Eligibility Explained in Simple Terms

What RBI Actually Expects

This is not a general government doctor recruitment. RBI wants a practicing medical professional who can serve RBI employees and their families on a part-time contractual basis.

Educational Qualification

  • You must hold an MBBS degree
  • Degree must be from a recognized university
  • Must be recognized by the Medical Council of India (MCI)

No alternative medicine degrees like BAMS/BHMS are accepted.

Experience Requirement

  • Minimum 2 years of clinical experience
  • Experience can be from:
    • Hospitals
    • Private clinics
    • Government medical institutions

Fresh MBBS graduates without experience are not suitable for this role.

Residence Requirement - Very Important

One unique condition many candidates miss:

You must have:

  • Your clinic OR
  • Your residence

within 3-5 km radius of:

RBI Staff Quarters, Begumpet, Hyderabad - 500016

This rule is strictly enforced because the job requires quick physical availability.

4. Who Is Practically Suitable for This Job?

This role is ideal if you are:

  • A doctor running a private clinic in Hyderabad
  • Looking for fixed additional income
  • Wanting predictable evening work
  • Not interested in hectic hospital shifts
  • Seeking association with a reputed institution like RBI

This job is NOT ideal for:

  • Doctors looking for full-time employment
  • Candidates seeking permanent government jobs
  • Those expecting promotions or pension
  • People living far from Begumpet area

5. Selection Process - What Actually Happens

Unlike IBPS or SBI recruitments, there is:

  • No written exam
  • No online test
  • No cut-off marks

The process is simple:

  1. Screening of applications
  2. Shortlisting based on qualification and experience
  3. Personal Interview
  4. Document Verification
  5. Medical Examination
  6. Contract Signing

Reality Check

Since only one vacancy exists, competition will be limited but very focused. RBI usually prefers:

  • Experienced local doctors
  • Those already practicing nearby
  • Candidates with strong professional background

6. Salary, Perks and Work Nature - Understand Clearly

Remuneration Structure

  • ₹1,000 per hour for actual duty
  • ₹1,000 per month - conveyance allowance
  • ₹1,000 per month - mobile reimbursement
  • Extra ₹1,000 per hour if called on public holidays

Duty Hours (Tentative)

  • Monday to Saturday
  • 5:00 PM to 7:00 PM
  • Maximum 30 hours per week

Important Limitations

You must clearly understand:

  • This is a CONTRACT job for 3 years
  • No pension
  • No provident fund
  • No gratuity
  • No medical benefits
  • No paid leave
  • No permanent absorption

It is purely a professional engagement, not a government service post.

7. How to Apply - Step-by-Step Guidance

Since this is an OFFLINE application, follow carefully:

Step 1 - Download Application Form

  • Use the prescribed format (Annexure-III from official notification)

Step 2 - Prepare Documents

Attach self-attested copies of:

  • MBBS degree certificate
  • Registration certificate
  • Experience certificates
  • Identity proof
  • Address proof
  • Any additional credentials

Step 3 - Pack Properly

Place everything in a sealed envelope and clearly write:

“Application for the post of Bank’s Medical Consultant (BMC) on Contract Basis”

Step 4 - Send to Correct Address

Send application to:

Regional Director
Human Resource Management Department
Reserve Bank of India
6-1-56, Secretariat Road
Saifabad, Hyderabad - 500004

Step 5 - Deadline Discipline

Application must reach:

On or before 13 February 2026 (5:00 PM)

Late applications will be rejected without exception.

8. Common Application Mistakes to Avoid

Many good candidates lose chances due to basic errors:

  • Sending incomplete application
  • Forgetting experience certificates
  • Not signing the form
  • Missing self-attestation
  • Ignoring residence radius requirement
  • Posting after deadline
  • Using wrong application format

Double-check everything before dispatch.

9. Career Growth Reality in This Role

Be very clear:

This position does NOT offer:

  • Promotions
  • Departmental exams
  • Long-term hierarchy
  • Transfer opportunities

It is purely:

  • A respectable
  • Stable
  • Time-bound professional engagement

Think of it as a prestigious part-time medical consultancy rather than a banking career ladder.

10. Pros & Cons - Honest Analysis

Pros

  • Association with RBI
  • Fixed hourly income
  • Limited working hours
  • Professional respect
  • No exam pressure
  • Predictable schedule

Cons

  • Only 1 vacancy
  • Contractual nature
  • No long-term benefits
  • No career progression
  • Location restriction

11. Final Checklist for Serious Applicants

Before applying, confirm:

  • You live/work within 5 km of Begumpet
  • You have minimum 2 years experience
  • All documents are ready
  • Application format is correct
  • Envelope is properly labeled
  • You can attend evening duties

If any of these do not fit, reconsider applying.

12. Conclusion - Mentor’s Advice

For doctors in Hyderabad, this is a rare, low-stress opportunity to associate with India’s central bank and earn steady additional income.

But approach it with realistic expectations:

  • It is not a government job
  • It is not a permanent role
  • It is not meant for career switchers

Apply only if this aligns with your professional lifestyle goals.

Quality matters more than quantity here. A well-prepared application stands a strong chance.

Frequently Asked Questions (FAQs)

Q1. Is this a permanent RBI job?
No. It is a 3-year contractual engagement only.

Q2. Can fresh MBBS graduates apply?
No. Minimum 2 years experience is mandatory.

Q3. Is there any written exam?
No. Selection is purely interview-based.

Q4. Can doctors from other cities apply?
Only if they reside within 3-5 km of RBI dispensary in Begumpet, Hyderabad.

Q5. What is the approximate monthly earning?
Depending on hours, roughly ₹45,000-₹60,000 per month on average.

Q6. Can I continue my private practice?
Yes. This is a part-time engagement designed exactly for that.

Apply Now

Apply Link: https://rbi.org.in