The Reserve Bank of India (RBI) is India’s central banking institution, which controls the monetary policy of the Indian rupee. It commenced its operations on 1 April 1935 during the British Rule in accordance with the provisions of the Reserve Bank of India Act, 1934.
Eligibility Criteria/ Skills Required:
- postgraduate courses
- Integrated five-year courses in Management / Statistics / Law/ Commerce / Economics / Econometrics / Banking / Finance or three-year full time professional Bachelor’s degree in Law can apply for summer placement during their penultimate year / semester.
The Bank will select a maximum of 120 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 the 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 paid/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.
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.
Place of Summer Training
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 ‘Role of Institutions’.
Summer trainees are eligible to receive a token monthly stipend of Rs.15,000/- per month. Outstation trainees will be required to make accommodation arrangements on their own.
Eligible students should apply for summer placement in the prescribed form given below through their respective institutes to the “Control Office of Reserve Bank of India”, from 15th September to 30th October 2017.
Application Form For Domestic Students CLICK HERE
For More Information CLICK HERE