RBI invites applications for summer internship; registration link, eligibility and more:This is a good opportunity for the candidates who want to understand the banking eco-system of the country. Reserve Bank of India i.e. RBI has invited applications for summer internship. Post Graduate (PG) or final year students studying law can apply for summer internship. If selected for internship, the candidates will be given training at 17 centers of RBI including Kanpur, Patna. During this time, the intern will get a chance to closely understand the functioning of the Central Banking System. You will also get to understand the Central Banking System under the guidance of experts and professionals of RBI. In return for this, interns will also be given financial assistance from RBI every month.
Final year students studying PG or Law have to apply for the RBI control office of the state in which they are studying. For example, if someone is studying in an institute or college located in Uttar Pradesh or Bihar-Jharkhand, then students from UP can apply for Kanpur center or students from Bihar-Jharkhand can apply for Patna center. Keep in mind that students wishing to be a part of the internship program of RBI can apply for only one control office.
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Who can apply?
Students doing PG from a recognized university or institute
5 years integrated course in any one stream of Management, Statistics, Law, Commerce, Economics, Econometrics, Banking or Finance. students enrolled
Students who are studying law (3-year full time bachelor degree course) from reputed institutes or colleges of the country and who are appearing in the current academic session.Those who are in the final year of their course can apply for the Summer Internship Program of RBI.
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How will the selection be done for internship?
Like every year, this time also Central Bank will give opportunity to 125 candidates for RBI Summer Internship. The applications of the applied candidates will be shortlisted for interview. Interview of shortlisted candidates will be conducted in the designated control office. External candidates coming for interview at RBI office will have to bear their own traveling expenses. The list of candidates selected for internship will be released in February-March 2025. Selected candidates will be reimbursed AC II Tier train fare or equivalent amount for travel from their institute to the place of placement for summer internship. That is, the students selected for time internship will get full refund of their travel expenses from their college to the training centre, provided they travel in AC II Tier of the train.
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Interns will get a monthly stipend of Rs 20 thousand
during internshipintern i.e. summer traineeWill be entitled to a monthly stipend of Rs 20,000. That means they will get financial assistance of Rs 20,000 every month in the form of scholarship from RBI. Interns who reach RBI centers from far away will have to make their own arrangements for their accommodation and food.
How many months will the internship be for?
The internship will be for a maximum of three months, which will run between April to July. This period may be more or less as per the decision of the bank.The intern will have to do the internship only at the RBI center located in the state of his/her college or institute, as listed below.
State/Union Territory | control office | center |
Maharashtra, Goa, Daman & Diu and Dadara & Nagar Haveli | 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 |
mumbai |
Gujarat | Reserve Bank of India PBNo.1, Ashram Road Ahmedabad – 380 014 |
Ahmedabad |
Karnataka | Reserve Bank of India 10/3/08, Nrupatunga Road PBNo.5467 Bangalore – 560 001 |
Bangalore |
MP, Chattisgarh | Reserve Bank of India Hoshangabad Road PB No. 32 Bhopal – 462 011 |
Bhopal |
Odisha | Reserve Bank of India Pt. Jawaharlal Nehru Marg PB No.16 Bhubaneswar – 751 001 |
Bhubaneswar |
Haryana & Punjab | Reserve Bank of India Central Vista Opp. Telephone Bhawan Sector 17 Chandigarh – 160 017 |
Chandigarh |
Tamil Nadu & Pondicherry | Reserve Bank of India Fort Glacis No.16 Rajaji Salai PB No. 40 Chennai – 600 001 |
Chennai |
All North Eastern States | Reserve Bank of India Station Marg, Panbazar PB No. 120 Guwahati – 781 001 |
Guwahati |
Andhra Pradesh | Reserve Bank of India 6-1-56, Secretariat Road, Saifabad, PB No. 1 Hyderabad – 500 004 |
Hyderabad |
Rajasthan | Reserve Bank of India Rambagh Circle, Tonk Road PBNo.12 Jaipur – 302 004 |
Jaipur |
Jammu & Kashmir | Reserve Bank of India Rail Head Complex Jammu – 180 012 |
Jammu |
Uttar Pradesh | Reserve Bank of India Mahatma Gandhi Road PBNo.82/142 Kanpur – 208 001 |
Kanpur |
West Bengal & Andaman & Nicobar Islands | Reserve Bank of India 15, NS Road Kolkata – 700 001 |
Kolkata |
New Delhi & Himachal Pradesh | Reserve Bank of India 6, Sansad Marg New Delhi – 110 001 |
New Delhi |
Bihar & Jharkhand | Reserve Bank of India South Gandhi Maidan PB No. 162 Patna – 800 001 |
Patna |
Kerala & Lakshadweep | Reserve Bank of India Bakery Junction PB No. 6507 Thiruvananthapuram – 695 033 |
Thiruvananthapuram |
Uttarakhand | Reserve Bank of India Plot no. 16-17, IT Park, Sahastradhara Road, Dehradun – 248 013 |
Dehradun |
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What documents will be needed
Photo
signature
Bonafide certificate issued by the college
Softcopy of the above three in jpeg, jpg, png format. Bonafide certificates can also be uploaded in pdf format.
How to apply?
Eligible candidates have the chance to apply till December 15 for the RBI internship program starting in April 2025. Registration for the internship program is going on from 15th October this month. Application forms are being accepted through online mode only. Final year students doing PG or Bachelor in Law in the above stream can fill their application from the official website of RBI, rbi.org.in. If the candidates wish, they can submit their application directly through this link opportunities.rbi.org.in.Candidates should ensure that they correctly mention the state where their college or institute is located.
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Keep these things in mind while applying online
Candidates should fill the online application form carefully becauseImportant details filled in the form like name, date of birth, address, mobile number, email ID, control office of Central Bank and summer training center will be considered final and no changes will be made in them after submitting the online application form.
If there is any mistake while filling the online application or any document like photo, signature and college bonafide certificate has not been uploaded, then such application form will not be accepted.
Candidates are advised to fill the form only through online mode before the deadline i.e. 15th December 2024.
RBI does not take any responsibility for those candidates who are unable to submit their applications within the last date due to the above reasons or any other reason beyond the control of RBI.