Paid Internship Opportunity | Reserve Bank of India | Apply by 1st November to 31st December

By | November 2, 2021
Paid Legal Internship Opportunity

Last Updated on by Admin LB

Paid Internship Opportunity at Reserve Bank of India. Apply by  1st November  2021 to  31st December 2021.

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’ as given below with the recommendations in the prescribed form.

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 years 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.

How to apply

Eligible students should apply for summer placement through the online web-based application form through their respective institutes to the “Control Offices of Reserve Bank of India”, from 15th October to 31st December of the previous year for an internship starting from April of next year.

Selection

The Bank will select a maximum of 125 students for summer placement every year. In the month of January / February of the following year, the interview for the shortlisted candidates will be held at the offices indicated above. The shortlisted 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 the month of February / March.

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.

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 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 ₹ 20,000/- per month. Outstation trainees will be required to make accommodation arrangements on their own.

Link for the online web-based application form

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.

How to apply?

Eligible students should fill the application in the 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 an 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 the 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.

Facilities

Summer trainees will be eligible to receive a 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.

Disclaimer

Beware of fraudsters falsely promising job opportunities and websites announcing vacancies for various posts in the Reserve Bank of India (RBI). Recruitment related announcements for various posts in RBI are issued on our official website and leading newspapers/ Employment News only. Advertisements/ communication from other sources should be verified with our website for authenticity. Do not fall prey to offers and fake appointment letters.

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