Details of the Organization

The Reserve Bank of India (abbreviated as RBI) is India's central bank and regulatory body responsible for regulation of the Indian banking system. Owned by the Ministry of Finance of the Government of the Republic of India, it is responsible for the control, issue and maintaining supply of the Indian rupee. It also manages the country's main payment systems and works to promote its economic development.

Details of the Job/Internship

The Reserve Bank of India (RBI) invites applications from eligible candidates for Summer Placement in various Offices of the Bank.

Locations:

1. Mumbai
2. Ahmedabad
3. Bengaluru
4. Bhopal
5. Bhubaneswar
6. Chandigarh
7. Chennai
8. Guwahati
9. Hyderabad
10. Jaipur
11. Jammu 
12. Kanpur
13. Kolkata
14. New Delhi
15. Patna
16. Thiruvananthapuram
17. Dehradun

Indian Students

Selection: The Bank will select a maximum of 125 students for summer placement every year. In the month of January/February of the following year, the interview for the short-listed candidates will be held at the offices as indicated. 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 in the month of February / March.

Selected outstation candidates will be reimbursed AC II Tier return fare by rail (or equivalent amount) 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 at the centre corresponding to the state of their institute, as per the table given above.

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.

Foreign Students

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 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 ₹ 20,000/- 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.

Eligibility

Indian Students

• Integrated five-year courses in Law.
• Three-year full time professional bachelor’s degree in Law from reputed Institutions/Colleges located in India.
• Students who are currently in the penultimate year of their course can only apply for the summer placement.

Foreign Students

Students pursuing higher studies in economics, finance, banking, management, law (five year programme) and related fields in universities/institutes abroad are eligible to apply.

Salary/Stipend

Summer trainees are eligible to receive a monthly stipend of ₹20,000/- per month.

Type of Opportunity

Fulltime

Country

India

Address

All over India.

Application and Registration Details

We are solely providing this information for dissemination and wish to clarify that we are not affiliated with the organization.

After you submit your application, you will receive the next steps in the process via email. Please follow the instructions provided to complete your application. 

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