RBI Summer Internship Program: The Reserve Bank of India (RBI) offers a summer internship program for domestic and international students to gain experience working in a central banking environment. Internships are available across RBI's various departments and offices where students can work on projects and initiatives under the guidance of RBI professionals.
Eligible students can apply for the RBI summer internship through the online application form from October 15 to December 15 the previous year for internships beginning in April. Applications are open to students from all backgrounds including economics, finance, IT, humanities, engineering etc.
Eligibility Criteria
To be eligible for the RBI summer internship, candidates must:
- Be currently pursuing graduation/post graduation
- Have completed at least 2 years of their course at the time of applying
- Have a minimum of 60% aggregate marks or equivalent CGPA
- Possess analytical skills, ability to work in a team
Each year approximately 125 students are selected across India for the 2 month RBI summer internship program.
Selection Process and Key Dates
The selection process involves online registration, screening of applications, personal interviews, and final selections:
- Online application form release: October 15
- Application deadline: December 15
- Interviews: January/February
- Result announcement: February/March
- Internship period: April - May
Shortlisted candidates have to appear for interviews at designated RBI offices at their own expense. Final selections are made based on interviews.
Internship Experience and Benefits
Students gain hands-on experience of working in domains like financial markets, regulatory policies, data analytics etc. Under guidance from senior RBI executives, they contribute to real projects and initiatives in their area.
Interns receive a stipend of Rs. 20,000 per month. Additionally, outstation candidates receive reimbursement of AC 2 tier rail fare to and from their institute.
The internship allows students to understand central banking operations, enhance analytical skills, and explore career opportunities at India's central bank.
Application Process
Eligible candidates must apply online from October 15 to December 15 through the RBI website. The application requires:
- Personal, academic and contact details
- Area of interest/specialization
- Uploading resume, photograph and documents
Candidates must correctly specify their institute's state in the application form. Incomplete applications are rejected so candidates must carefully fill all details.
Conclusion:
The RBI summer internship program is an excellent learning platform for students to gain central banking experience through project work. Eligible and interested candidates should apply online during the stipulated timeline after carefully going through all guidelines.
| Program Highlights | Details |
|---|---|
| Departments Available | Finance, Markets, IT, Data Analytics, Regulation etc. |
| Duration | 2 Months (April - May) |
FAQ:
Q1: Who is eligible to apply for RBI summer internship?
A1: Students pursuing graduation/post graduation in any stream with minimum 60% marks can apply if they have completed 2 years of their course.
Q2: What is the selection process for RBI internship?
A2: Shortlisting is done based on online application, followed by personal interviews and final selection.
Q3: How can I apply for RBI summer internship?
A3: You need to fill the online application form from October 15 to December 15 the previous year with all required details.
Q4: What benefits do RBI interns receive?
A4: Along with practical experience, RBI interns receive Rs. 20,000 monthly stipend + AC 2 tier travel reimbursement.
Q5: What kind of work will I do as an RBI intern?
A5: Under guidance of senior RBI executives, you will contribute to live projects related to financial markets, regulations, data analytics etc.
Q6: How many RBI summer internships are offered?
A6: Approximately 125 RBI summer internships are offered across India every year.
