The summer placements afford an opportunity to domestic and foreign students to expose themselves to an actual central banking environment.
About Reserve Bank Of India
The Reserve Bank of India was established on April 1, 1935, in accordance with the provisions of the Reserve Bank of India Act, 1934. The Central Office of the Reserve Bank was initially established in Kolkata but was permanently moved to Mumbai in 1937. The Central Office is where the Governor sits and where policies are formulated. Though originally privately owned, since nationalization in 1949, the Reserve Bank is fully owned by the Government of India.
Only those candidates can apply who:
- are available for full time (in-office) internship
- are available for duration of 3 months
- have relevant skills and interests
1. Students pursuing post-graduate courses or integrated five-year courses in management/statistics/law/commerce/economics/econometrics/banking/finance or three-year 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
The Bank will select a maximum of 125 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 the journey to the office of RBI and back for this purpose. Names of selected students will be communicated to the institutes in the month of December/January. 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.