About the Job
Summer Placements
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.
| Domestic studentsThe Reserve Bank of India (RBI) invites applications from eligible candidates for Summer Placement in various Offices of the Bank.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.Detailed list of Control Offices is as per below: |
| Sr. No. | States / UT | Control Office | Centre |
|---|---|---|---|
| 1 | 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 |
| 2 | Gujarat | Reserve Bank of India P.B.No.1, Ashram Road Ahmedabad – 380 014 | Ahmedabad |
| 3 | Karnataka | Reserve Bank of India 10/3/08, Nrupatunga Road P.B.No.5467 Bangalore – 560 001 | Bangalore |
| 4 | M.P., Chattisgarh | Reserve Bank of India Hoshangabad Road P.B. No. 32 Bhopal – 462 011 | Bhopal |
| 5 | Odisha | Reserve Bank of India Pt. Jawaharlal Nehru Marg P.B. No.16 Bhubaneswar – 751 001 | Bhubaneswar |
| 6 | Haryana & Punjab | Reserve Bank of India Central Vista Opp. Telephone Bhawan Sector 17 Chandigarh – 160 017 | Chandigarh |
| 7 | Tamil Nadu & Pondicherry | Reserve Bank of India Fort Glacis No.16 Rajaji Salai P.B. No. 40 Chennai – 600 001 | Chennai |
| 8 | All North Eastern States | Reserve Bank of India Station Marg, Panbazar P.B. No. 120 Guwahati – 781 001 | Guwahati |
| 9 | Andhra Pradesh | Reserve Bank of India 6-1-56, Secretariat Road, Saifabad, P.B. No. 1 Hyderabad – 500 004 | Hyderabad |
| 10 | Rajasthan | Reserve Bank of India Rambagh Circle, Tonk Road P.B.No.12 Jaipur – 302 004 | Jaipur |
| 11 | Jammu & Kashmir | Reserve Bank of India Rail Head Complex Jammu – 180 012 | Jammu |
| 12 | Uttar Pradesh | Reserve Bank of India Mahatma Gandhi Road P.B.No.82/142 Kanpur – 208 001 | Kanpur |
| 13 | West Bengal & Andman & Nicobar Islands | Reserve Bank of India 15, N.S. Road Kolkata – 700 001 | Kolkata |
| 14 | New Delhi & Himachal Pradesh | Reserve Bank of India 6, Sansad Marg New Delhi – 110 001 | New Delhi |
| 15 | Bihar & Jharkhand | Reserve Bank of India South Gandhi Maidan P.B. No. 162 Patna – 800 001 | Patna |
| 16 | Kerala & Lakshadweep | Reserve Bank of India Bakery Junction P.B. No. 6507 Thiruvananthapuram – 695 033 | Thiruvananthapuram |
| 17 | Uttarakhand | Reserve Bank of India 74/ 1, Raipur Road GMVN Road Dehradun – 248 001 | Dehradun |
Instructions regarding on-line application form
- Please note that all the particulars mentioned in the online application including Name of the Candidate, Date of Birth, Address, Mobile Number, Email ID, Centre of summer placement etc. will be considered as final and no modifications will be allowed after submission of the online application form. Candidates are hence requested to fill in the online application form with the utmost care as no correspondence regarding change of details will be entertained. RBI will not be responsible for any consequences arising out of furnishing of incorrect and incomplete details in the application or omission to provide the required details in the application form.
- An online application which is incomplete in any respect such as without photograph, signature and College authorization letter/ Bonafide certificate uploaded in the online application form will not be considered.
- Candidates are advised in their own interest to apply on-line much before the closing date and not to wait till the last date to avoid the possibility of disconnection/inability/failure to log on the RBI website on account of heavy load on internet/website jam.
- RBI does not assume any responsibility for the candidates not being able to submit their applications within the last date on account of the aforesaid reasons or for any other reason beyond the control of RBI.
- Please note that the above procedure is the only valid procedure for applying. No other mode of application or incomplete steps would be accepted, and such applications would be rejected.
General Rules/ Instructions to candidates
- Candidates can apply for only one Control Office and will be considered for the summer placement at the centre as per their college/ institute’s location. For example, candidate studying in college/ institution located in Maharashtra/ Goa/ Daman & Diu/ Dadara & Nagar Haveli can apply for Mumbai centre only.
- Candidates need not submit/ send at any address, application printouts or any certificates or copies thereof at the time of online application. Their candidature will be considered on the strength of the information declared in the application. If at any stage, it is found that any information furnished in the online application is false/ incorrect or if according to RBI, the candidate does not satisfy the eligibility criteria, his/ her candidature is liable to be cancelled.
- All educational qualifications should have been obtained from recognized universities/institutions in India. Candidate should indicate the percentage obtained in Graduation calculated to the nearest two decimals in the online application. Where CGPA/ SGPA is awarded, the same should be converted into percentage and indicated in online application. If asked for document verification, the candidate will have to produce a certificate issued by the appropriate authority inter alia stating the norms of the University/Institution regarding conversion of grade into percentage and the percentage of marks by the candidates in terms of norms.
- Candidates are advised in their own interest that they should not furnish any particulars that are false, tampered with or fabricated and should not suppress any material information while submitting online application.
- RBI shall not entertain requests from the candidates seeking advice about their eligibility to apply.
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.
Link for online web-based application for
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 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 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 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 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. Download the Application Form – Foreign Students
Disclaimer: All information posted by us on Lexpeeps is true to our knowledge. But still, it is suggested that you check and confirm things on your level.
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