Reserve Bank of India’s (RBI’s) Summer Internship Program
The summer placements 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.
Role of Institutions
Reputed Institutes / Colleges located in India offering Masters Degree in Business Management (MBA/MMS) / Economics / Econometrics / Finance / Banking / Law (five year programme) may forward the applications of eligible / interested students to the respective “Control Office of Reserve Bank of India” as given below with the recommendations in the prescribed form. See here.
Students pursuing Post-Graduation courses in Management / Economics / Econometrics/ Banking / Finance / Law (five year programme) can apply for summer placement during their 2nd semester.
How to apply
Eligible students should apply for summer placement in the prescribed form given below through their respective institutes to the “Control Office of Reserve Bank of India”, from 15th September to 30th October of the previous year.
The Bank will select a maximum of 120 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 to / for to the office of RBI for this purpose. Names of selected students will be communicated to the institutes in the month of December / January.
Selected outstation candidates will be paid/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.
Normally the period of placement will be for a maximum of three months during the period from April to July.
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 located at metro cities.
Summer trainees are eligible to receive a token monthly stipend of Rs.12,500/- per month. Outstation trainees will be required to make accommodation arrangements on their own.