Overview

Reputed Institutes / Colleges located in India offering Masters in Law or full time professional Bachelor’s degree in Law (may forward the applications of eligible / interested students to the respective “Control Office of Reserve Bank of India” of thier respective region.

Selection
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 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 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.

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.

Eligibility Criteria/ Skills Required:

Students pursuing

a ) post-graduate courses

b ) Integrated five year courses in Management / Statistics / Law/ Commerce / Economics / Econometrics / Banking / Finance or three year full time professional Bachelor’s degree in Law can apply for summer placement during their penultimate year / 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, 2017.

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 mentioned above under the Para ‘Role of Institutions’.

Facilities
Summer trainees are eligible to receive a token monthly stipend of Rs.15,000/- per month. Outstation trainees will be required to make accommodation arrangements on their own.

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 Calcutta 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 nationalisation in 1949, the Reserve Bank is fully owned by the Government of India.