In a letter to RBI Governor Sanjay Malhotra, the RBI officers' union asked for his help in correcting the promotion procedure and reinstating a time-bound mechanism.
On Friday, RBI employees protested against recent policy changes that replace the previous time-bound promotion system with one that links promotions to vacancy availability in a number of regional offices and the central bank's headquarters in Mumbai.
In a letter dated May 8, the Reserve Bank of India Officers' Association (RBIOA) expressed disappointment and anguish over the central bank's decision to move forward with the revised promotion policy without giving due consideration to the association's repeated objections, constructive suggestions, and serious concerns on behalf of the officer community.

It further stated that officers of all ranks and grades are generally unhappy, frustrated, and demoralised by the updated policy in its current form.
It stated that you (Governor) had suggested the prospect of a few time-bound promotions, citing previous conversations with officers at various regional offices.
However, it noted that the final policy has ignored the fundamental issues that the association has consistently brought to light, in addition to failing to address the structural stagnation that exists throughout grades.
An estimated 8,000 RBI personnel will be affected by the change in the promotion policy.According to the report, stagnation is increasing at all levels, which is causing discontent, especially among younger officers who are now faced with the possibility of staying in the same grade for extended periods of time without making significant advancement.
"In order to arrive at a fair, balanced, and long-lasting framework for officers' career advancement, we humbly ask the top management to reevaluate the issue immediately and begin a thorough evaluation of the updated promotion policy in conjunction with RBIOA," it stated.
The association insisted that the recently released promotion policy be put on hold right away and thoroughly examined in cooperation with RBIOA via an organised and significant consultation process.Additionally, it called for the introduction of guaranteed, time-bound promotions for all cadres from Grade A to Grade E, guaranteeing officers a fair and predictable career advancement.
It stated that the current requirement of a minimum of five years' service in a grade for eligibility to facilities, allowances, and entitlements associated with that grade may be removed in order to implement the "One Grade, One Allowance" philosophy across grades.
The letter went on to say that the group argues that the aforementioned actions are crucial for rebuilding officers' long-term organisational commitment, institutional trust, and morale.It further stated that maintaining the Reserve Bank of India's excellence, independence, and efficacy depends on a motivated and secure officer community.
It should be mentioned that in 2024, the officers of the Securities and Exchange Board of India (Sebi), another financial sector regulator, also organised a demonstration to raise awareness of wage-related issues.