Domestic Students - RBI Careers - Reserve Bank of India
Role of Institutions
The Reserve Bank of India (RBI) invites applications from eligible candidates for Summer Placement in various Offices of the Bank.
Sr. No. | State | Control Office | Centre |
---|---|---|---|
1. | Maharashtra, Goa, Daman & Diu and Dadara & Nagar Haveli | Reserve Bank of India |
Mumbai |
2. | Gujarat | Reserve Bank of India P.B.No.1, Ashram Road |
Ahmedabad |
3. | Karnataka | Reserve Bank of India |
Bangalore |
4. | M.P., Chattisgarh | Reserve Bank of India |
Bhopal |
5. | Odisha | Reserve Bank of India |
Bhubaneswar |
6. | Haryana & Punjab | Reserve Bank of India |
Chandigarh |
7. | Tamil Nadu & Pondicherry | Reserve Bank of India |
Chennai |
8. | All North Eastern States | Reserve Bank of India |
Guwahati |
9. | Andhra Pradesh | Reserve Bank of India |
Hyderabad |
10. | Rajasthan | Reserve Bank of India |
Jaipur |
11. | Jammu & Kashmir | Reserve Bank of India |
Jammu |
12. | Uttar Pradesh | Reserve Bank of India |
Kanpur |
13. | West Bengal & Andman & Nicobar Islands | Reserve Bank of India |
Kolkata |
14. | New Delhi & Himachal Pradesh | Reserve Bank of India |
New Delhi |
15. | Bihar & Jharkhand | Reserve Bank of India |
Patna |
16. | Kerala & Lakshadweep | Reserve Bank of India |
Thiruvananthapuram |
17. | Uttarakhand | Reserve Bank of India |
Dehradun |
Who can apply?
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.
How to apply?
Eligible students should apply for summer placement through the online web-based application form from 15th October to 15th December of the previous year for internship starting from April of next year. The candidates shall ensure that they correctly mention the state in which their college/ institute is located.
Key Dates Timeline
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 short-listed candidates will be held at the offices as indicated. 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 in the month of February / March.
Selected outstation candidates will be reimbursed AC II Tier return fare by rail (or equivalent amount) 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 at the centre corresponding to the state of their institute, as per the table given above.
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.
Caution
It has come to the notice of Reserve Bank of India that some fraudsters falsely promising to offer job for the posts in the bank are sending Appointment letters through emails by using fake domains which do not belong to the Reserve Bank of India, but these could be deceptively similar involving use of words such as RBI, RESERVEBANK, etc.
It is hereby clarified that recruitments for various posts filled by the bank are advertised on our official website. Also, all details regarding recruitment e.g. Call letters, interview schedule, final result, etc., are published only on our official website https://opportunities.rbi.org.in. In view of this, the Reserve Bank of India cautions members of public to be aware of such fake Appointment letters issued by fraudsters promising job in the Bank. Any Advertisements/ Communication from other sources should be cross verified for authenticity from the website.