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.
Eligibility
Follwoing is the eligibility criteria for the Summer Internship. Students pursuing post-graduate courses or 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 in India can apply for summer placement during their penultimate year/semester.
Also Read: Microsoft Internship 2021 | Associate Consultant | Best Opportunity for Students
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.
| Sr. No. |
States | Control Office | Centre |
|---|---|---|---|
| 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 |
Mumbai |
| 2 | Gujarat | Reserve Bank of India P.B.No.1, Ashram Road Ahmedabad – 380 014 |
Ahmedabad |
| 3 | Karnataka | Reserve Bank of India 10/3/08, Nrupatunga Road P.B.No.5467 Bangalore – 560 001 |
Bangalore |
| 4 | M.P., Chattisgarh | Reserve Bank of India Hoshangabad Road P.B. No. 32 Bhopal – 462 011 |
Bhopal |
| 5 | Odisha | Reserve Bank of India Pt. Jawaharlal Nehru Marg P.B. No.16 Bhubaneswar – 751 001 |
Bhubaneswar |
| 6 | Haryana & Punjab | Reserve Bank of India Central Vista Opp. Telephone Bhawan Sector 17 Chandigarh – 160 017 |
Chandigarh |
| 7 | Tamil Nadu & Pondicherry | Reserve Bank of India Fort Glacis No.16 Rajaji Salai P.B. No. 40 Chennai – 600 001 |
Chennai |
| 8 | All North Eastern States | Reserve Bank of India Station Marg, Panbazar P.B. No. 120 Guwahati – 781 001 |
Guwahati |
| 9 | Andhra Pradesh | Reserve Bank of India 6-1-56, Secretariat Road, Saifabad, P.B. No. 1 Hyderabad – 500 004 |
Hyderabad |
| 10 | Rajasthan | Reserve Bank of India Rambagh Circle, Tonk Road P.B.No.12 Jaipur – 302 004 |
Jaipur |
| 11 | Jammu & Kashmir | Reserve Bank of India Rail Head Complex Jammu – 180 012 |
Jammu |
| 12 | Uttar Pradesh | Reserve Bank of India Mahatma Gandhi Road P.B.No.82/142 Kanpur – 208 001 |
Kanpur |
| 13 | West Bengal & Andman & Nicobar Islands | Reserve Bank of India 15, N.S. Road Kolkata – 700 001 |
Kolkata |
| 14 | New Delhi & Himachal Pradesh | Reserve Bank of India 6, Sansad Marg New Delhi – 110 001 |
New Delhi |
| 15 | Bihar & Jharkhand | Reserve Bank of India South Gandhi Maidan P.B. No. 162 Patna – 800 001 |
Patna |
| 16 | Kerala & Lakshadweep | Reserve Bank of India Bakery Junction P.B. No. 6507 Thiruvananthapuram – 695 033 |
Thiruvananthapuram |
| 17 | Uttarakhand | Reserve Bank of India 74/ 1, Raipur Road GMVN Road Dehradun – 248 001 |
Dehradun |
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.
Stipend
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.
Click here to view the official notification for Summer Internship with RBI 2021.
