- Applications for RBI summer placement close on December 15 at opportunities.rbi.org.in
- Summer trainees receive a monthly stipend of Rs 20,000 and arrange own accommodation
- Placement lasts up to three months between April and July, subject to RBI discretion
The Reserve Bank of India (RBI) will close applications for summer placement in various offices of the bank today (December 15). Candidates can visit opportunities.rbi.org.in to apply for the internship.
RBI said, "Summer trainees are eligible to receive a monthly stipend of Rs 20,000/- per month. Outstation trainees will be required to make accommodation arrangements on their own."
The period of placement will be for a maximum of three months during the period from April to July. The period may be reduced or extended at the discretion of the Bank.
Who can apply?
- Students pursuing post-graduate courses.
- Integrated five-year courses in Management / Statistics / Law / Commerce / Economics / Econometrics / Banking / Finance
- 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 Bank will select a maximum of 125 students for summer placement every year. 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 between February to March.
Declaration of Secrecy
Summer trainees are required to furnish a declaration of secrecy to the Bank before reporting for the internship.
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. The bank offers 17 centres across India.
Procedure for Applications:
Interested parties must use the official RBI internship portal to finish the online application procedure by:
- Go to opportunities.rbi.org.in, the RBI internship portal, and choose the Summer Internship option.
- Complete the online form with academic and personal data. uploading a scanned signature and a recent photo.
- Present a legitimate ID and a proof of authenticity or authorisation from the institution.
- Sublit departmental preferences and a statement of aim.
