Hey young students! We are back with some exciting news that is being circulated by RBI. It’s time to register yourself for the upcoming Summer Internship at RBI. Recently, RBI has announced its full-fledged Summer Internship Campaign where it is providing a Summer Internship Opportunity to various candidates from different domains and areas.
So if you want to know more about the job opening then stay around with us to get all the details of the Summer Internship.
About the Summer Internship at RBI
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.
Follwoing is the eligibility criteria for the Summer Internship. Students pursuing post-graduate courses or integrated five-year courses in –
- Banking Finance
- three-year Full-Time Professional Bachelor’s degree in law from reputed institutions/colleges in India can apply for summer placement during their penultimate year/semester.
Roles of Institutions for Summer Internship at RBI
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.
|1||Maharashtra, Goa, Daman & Diu and Dadara & Nagar Haveli||Reserve Bank of India
Human Resource Management Department (Training & Development Division), Central Office, 21st Floor, Central Office Building, Shahid Bhagat Singh Road, Mumbai � 400 001
|2||Gujarat||Reserve Bank of India
P.B.No.1, Ashram Road
Ahmedabad – 380 014
|3||Karnataka||Reserve Bank of India
10/3/08, Nrupatunga Road
Bangalore – 560 001
|4||M.P., Chattisgarh||Reserve Bank of India
P.B. No. 32
Bhopal – 462 011
|5||Odisha||Reserve Bank of India
Pt. Jawaharlal Nehru Marg
Bhubaneswar – 751 001
|6||Haryana & Punjab||Reserve Bank of India
Opp. Telephone Bhawan
Chandigarh – 160 017
|7||Tamil Nadu & Pondicherry||Reserve Bank of India
No.16 Rajaji Salai
P.B. No. 40
Chennai – 600 001
|8||All North Eastern States||Reserve Bank of India
Station Marg, Panbazar
P.B. No. 120
Guwahati – 781 001
|9||Andhra Pradesh||Reserve Bank of India
6-1-56, Secretariat Road,
Saifabad, P.B. No. 1
Hyderabad – 500 004
|10||Rajasthan||Reserve Bank of India
Rambagh Circle, Tonk Road
Jaipur – 302 004
|11||Jammu & Kashmir||Reserve Bank of India
Rail Head Complex
Jammu – 180 012
|12||Uttar Pradesh||Reserve Bank of India
Mahatma Gandhi Road
Kanpur – 208 001
|13||West Bengal & Andman & Nicobar Islands||Reserve Bank of India
15, N.S. Road
Kolkata – 700 001
|14||New Delhi & Himachal Pradesh||Reserve Bank of India
6, Sansad Marg
New Delhi – 110 001
|15||Bihar & Jharkhand||Reserve Bank of India
South Gandhi Maidan
P.B. No. 162
Patna – 800 001
|16||Kerala & Lakshadweep||Reserve Bank of India
P.B. No. 6507
Thiruvananthapuram – 695 033
|17||Uttarakhand||Reserve Bank of India
74/ 1, Raipur Road
Dehradun – 248 001
How to Apply for Indian Students?
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 October to 31st December of the previous year for internship starting from April of next year
Selection Process for Summer Internship at RBI
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.
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 for 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.
Eligible students should fill the 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 & Development Division),
Central Office, 21st Floor, Central Office Building,
Shahid Bhagat Singh Road,
Mumbai – 400 001
An advance copy of the application can be e-mailed.
Applications should be forwarded to the above address between 1st November and 31st December, of the previous year for internship starting from July of next year. Applications received after this date will not be considered.