Reserve Bank of India - Summer Placements for Foreign Students

Deadline: December 31, 2022

Internships

Government

Location(s)

  • India
Mumbai

Overview

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. Life with the RBI is not just another career. It's a commitment.
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Details

The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in 1937. The Central Office is where the Governor sits and where policies are formulated. Though originally privately owned, since nationalisation in 1949, the Reserve Bank is fully owned by the Government of India.

How 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.

When to apply?
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.

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.

Opportunity is About


Eligibility

Candidates should be from:


Description of Ideal Candidate

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


Dates

Deadline: December 31, 2022


Cost/funding for participants

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.

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