Website Reserve Bank of India
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 Office of Reserve Bank of India” as given below with the recommendations in the prescribed form.
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Domestic Students
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 can apply for summer placement during their penultimate year / semester.
How to apply
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 of the previous year.
Selection
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 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.
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.
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’.
Facilities
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.
Download the Application Form – Domestic students
Click here to view Contact Details of RBI Office
Foreign Students
Who can apply?
Students pursuing higher studies in economics, finance, banking, management, law (five year programme) and related fields in universities / institutes abroad will be eligible to apply.
How to apply?
Eligible students should fill out an application in prescribed form and mail it to the address given below.
The Chief General Manager
Reserve Bank of India
Human Resource Management Department
Training Division
Amar Building, 3rd Floor
Sir P. M. Road, Fort
Mumbai
India – 400001
An advance copy of the application can be e-mailed.
When to apply?
Applications should be forwarded to the above address between 1st November and 31st December, of the previous year. Applications received after this date will not be considered.
Duration
The normal duration of summer placement will be for a maximum of three months during the period from July to October every year.
Selection
Applicants will be informed about their selection before February 15 every year along with other information such as the area/topic of study, related department of the Bank, name of the Guide etc.
Place of Summer Training
Selected Trainees will be required to undertake a project only at Central Office departments of the Bank located in Mumbai.
Declaration of Secrecy
Summer trainees are required to furnish a declaration of secrecy to the Bank before reporting for the internship.
Facilities
Summer trainees will be eligible to receive monthly stipend of Rs.15,000/- per month. The trainees will have to bear the cost of their travel to / from Mumbai and will be required to make accommodation arrangements on their own.
To apply for this job please visit opportunities.rbi.org.in.
