RBI Summer Internship 2024 [3 Months; 125 Interns; Multiple Locations; Stipend of Rs. 20k]: Apply by Dec 15

About RBI

The Reserve Bank of India is India’s central bank and regulatory body under the jurisdiction of the Ministry of Finance, Government of India. It is responsible for the issue and supply of the Indian rupee and the regulation of the Indian banking system.

Eligibility

Students pursuing a) post-graduate courses b) 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.

No. of Interns

The Bank will select a maximum of 125 students for summer placement every year.

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 on the official website.

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?

Interested candidates can apply online via the link given at the end of the post.

Online form Instructions

Please note that all the particulars mentioned in the online application including Name of the Candidate, Date of Birth, Address, Mobile Number, Email ID, Centre of summer placement etc. will be considered as final and no modifications will be allowed after submission of the online application form. Candidates are hence requested to fill in the online application form with the utmost care as no correspondence regarding change of details will be entertained. RBI will not be responsible for any consequences arising out of furnishing of incorrect and incomplete details in the application or omission to provide the required details in the application form.
An online application which is incomplete in any respect such as without photograph, signature and College authorization letter/ Bonafide certificate uploaded in the online application form will not be considered.
Candidates are advised in their own interest to apply on-line much before the closing date and not to wait till the last date to avoid the possibility of disconnection/inability/failure to log on the RBI website on account of heavy load on internet/website jam.
RBI does not assume any responsibility for the candidates not being able to submit their applications within the last date on account of the aforesaid reasons or for any other reason beyond the control of RBI.
Please note that the above procedure is the only valid procedure for applying. No other mode of application or incomplete steps would be accepted, and such applications would be rejected.

General Instructions

Candidates can apply for only one Control Office and will be considered for the summer placement at the centre as per their college/ institute’s location. For example, candidate studying in college/ institution located in Maharashtra/ Goa/ Daman & Diu/ Dadara & Nagar Haveli can apply for Mumbai centre only.
Candidates need not submit/ send at any address, application printouts or any certificates or copies thereof at the time of online application. Their candidature will be considered on the strength of the information declared in the application. If at any stage, it is found that any information furnished in the online application is false/ incorrect or if according to RBI, the candidate does not satisfy the eligibility criteria, his/ her candidature is liable to be cancelled.
All educational qualifications should have been obtained from recognized universities/institutions in India. Candidate should indicate the percentage obtained in Graduation calculated to the nearest two decimals in the online application. Where CGPA/ SGPA is awarded, the same should be converted into percentage and indicated in online application. If asked for document verification, the candidate will have to produce a certificate issued by the appropriate authority inter alia stating the norms of the University/Institution regarding conversion of grade into percentage and the percentage of marks by the candidates in terms of norms.
Candidates are advised in their own interest that they should not furnish any particulars that are false, tampered with or fabricated and should not suppress any material information while submitting online application.
RBI shall not entertain requests from the candidates seeking advice about their eligibility to apply.

Click here to apply.

Click here for the official notification.