RBI Summer Internship 2020 [Apply By Oct 30]

About the Internship

The summer placements at the Reserve Bank of India 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.

Who can apply?

Students pursuing a) post-graduate courses b) 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 located in India can apply for summer placement during their penultimate year / semester.

Role of Institutions

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” in their cities with the recommendations in the prescribed form.

How to apply

Eligible students should apply for summer placement in the prescribed form given below through their respective institutes to the “Control Offices of Reserve Bank of India”, from 15th September to 30th October 2019 for internship starting from April 2020.

Selection Procedure

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.

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 in various Central Office Departments in Mumbai or the respective Control Offices mentioned above under the Para ‘Role of Institutions’.

Facilities

Summer trainees are eligible to receive a monthly stipend of Rs.15,000/- per month. Outstation trainees will be required to make accommodation arrangements on their own.

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 emailed to cgminchrmd@rbi.org.in.

Applications should be forwarded to the above address between 1st November and 31st December, 2019 for the internship in Summer 2020.

For official website, click here.