The Reserve Bank of India (RBI) invites applications from eligible candidates for Summer Placement in various Offices of the Bank.
Who can apply?
The Students with the following details can apply for the summer internships:-
- Post-Graduate courses
- Integrated five-year courses in Management / Statistics / Law / Commerce / Economics / Econometrics / Banking / Finance c) 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.
The Reserve Bank of India (RBI) has also informed the candidates to ensure that they correctly mention the state in which their college/ institute is located.
The Bank will select a maximum of 125 students for summer placement every year. In 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 the journey to the office of RBI and back for this purpose. Names of selected students will be communicated in 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.
How to Apply?
Eligible students should apply for summer placement through the online web-based application form from 15th October to 15th December of the previous year for internship starting from April of next year.
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