The summer placements afford an opportunity to domestic and foreign students to expose themselves to an actual central banking environment and undertake projects on the issues relevant to the Central Bank with the guidance from experts and professionals in the Central Bank.
Reputed Institutes/Colleges located in India offering Masters in Business Management (MBA/MMS) / Economics / Econometrics / Finance / Banking / Statistics / Commerce / or full time professional Bachelor’s degree in Law may forward the applications of eligible/interested students to the respective “Control Offices of Reserve Bank of India” as given below with the recommendations in the prescribed form.
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Eligibility:
Students pursuing:
a) post-graduate courses b) Integrated five year courses in Management / Statistics / Law / Commerce / Economics / Econometrics / Banking / Finance or three year full time professional Bachelor’s degree in Law from reputed Institutions / Colleges located in India can apply for summer placement during their penultimate year / semester.
Selection:
The Bank will select a maximum of 125 students for summer placement every year. In the month of November / December each year, the interview for the short listed candidates will be held at the offices indicated above. The short listed outstation candidates will be required to bear the travel costs of journey to the office of RBI and back for this purpose. Names of selected students will be communicated to the institutes in the month of December / January.
Selected outstation candidates will be reimbursed AC II Tier/1st Class return fare by rail from the place of his/her institute to the place of summer placement for undertaking the project.
Declaration of secrecy:
Summer trainees are required to furnish a declaration of secrecy to the Bank before reporting for the internship.
Duration:
Normally the period of placement will be for a maximum of three months during the period from April to July. The period may be reduced/extended at the discretion of the Bank.
Location:
Summer trainees will be required to undertake the project in various Central Office Departments in Mumbai or the respective Control Offices mentioned above under the Para ‘Role of Institutions’.
Facilities:
Summer trainees are eligible to receive a monthly stipend of ₹ 20,000/- per month. Outstation trainees will be required to make accommodation arrangements on their own.
How to apply:
Eligible students should apply for summer placement through the online web-based application form through their respective institutes to the “Control Offices of Reserve Bank of India”, from 15th September to 06th December of the previous year for internship starting from April of next year.
Check out the OFFICIAL NOTIFICATION and LIST OF VARIOUS CENTRAL DEPARTMENTS for the working scenario.
If you are a FOREIGN STUDENT check out the OFFICIAL NOTIFICATION for general Instructions and DIRECT APPLY!
