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RBI Summer Internship 2021 for Domestic, Foreign Students @ rbi.org.in – Eligibility, Application Form: Are you looking for an opportunity to expose yourselves to an actual central banking environment and to undertake related projects? If yes, this could be the right chance. Reserve Bank of India (RBI) has announced the RBI Summer Internship 2021/ RBI Summer Internship Scheme for Domestic and Foreign Students. Moreover, Domestic students should apply for this RBI Summer Placements from 15th October 2021 to 31st December 2021, and Foreign Students from 1st November 2021 to 31st December 2021.
To know the extra information on RBI Summer Internship 2021 like the Selection process, Duration, Benefits, RBI Summer Internship Eligibility, and the process to apply for RBI Summer Internship Scheme go on to the next parts of this post without any delay. Additionally at the end, for the prompt access to the passionate candidates, we arranged direct links of the RBI Summer Internship Application Form for both Domestic, Foreign Students individually.
RBI Summer Internship 2021 – Overview
| Name Of The organization | Reserve Bank of India (RBI) |
| Internship Name | RBI Summer Internship Scheme |
| Offered for | Domestic, Foreign Students |
| Category | Internship Jobs |
| Location |
|
| Stipend | INR 20,000 Per Month for both Domestic, Foreign Students |
| Official Website | rbi.org.in |
RBI Summer Internship Eligibility Criteria
In order to apply for the RBI Summer Internship 2021, Domestic and Foreign Students should meet the below-mentioned RBI Summer Internship Eligibility Criteria.
Domestic Students
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 from reputed Institutions/ Colleges located in India can apply for summer placement during their penultimate year/ semester.
Foreign Students
Students pursuing higher studies in economics, finance, banking, management, law (five-year program), and related fields in universities/ institutes abroad are eligible to apply.
RBI Summer Internship Selection Process
Domestic Students
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 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 in the month of February/ March. 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.
Foreign Students
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.
Duration of RBI Summer Internship
Domestic Students
Normally the period of RBI Summer Placements 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.
Foreign Students
The normal duration of RBI Summer Placements will be for a maximum of three months during the period from July to October every year.
How to Apply for RBI Summer Internship 2021?
Domestic Students
Eligible students should apply for summer placement through the online web-based application form through their respective institutes to the “Control Offices of Reserve Bank of India”, from 15th October 2021 to 31st December 2021 of the previous year for an internship starting from April of next year
| RBI Summer Internship 2021 – Important Link | |
|---|---|
| To fill Online RBI Summer Internship Application Form (Domestic Students) | Click Here |
Foreign Students
- Applications should be forwarded to the below address between 1st November 2021 and 31st December 2021, of the previous year for an internship starting from July of next year. Applications received after this date will not be considered. An advance copy of the application can be e-mailed to cgminchrmd@rbi.org.in.
- Eligible students should fill the application in the prescribed form and mail it to the address given below.
Address
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.
| RBI Summer Internship 2021 – Important Link | |
|---|---|
| To Download RBI Summer Internship Application Form (Foreign Students) | Click Here |
RBI Summer Placements | Facilities, Location
Domestic Students
- Facilities: Summer trainees are eligible to receive a monthly stipend of INR 20,000 per month. Outstation trainees will be required to make accommodation arrangements on their own.
- Location: 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’.
- Declaration of Secrecy: Summer trainees are required to furnish a declaration of secrecy to the Bank before reporting for the internship.
- Role of Institutions: Reputed Institutes/ Colleges located in India offering Masters in Business Management (MBA/ MMS)/ Economics/ Econometrics/ Finance/ Banking/ Statistics/ Commerce/ or full-time professional Bachelor’s degree in Law may forward the applications of eligible/ interested students to the respective “Control Offices of Reserve Bank of India” as given below with the recommendations in the prescribed form.
| Sr.No. | States | 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 E-mail: cgminchrmd@rbi.org.in | Mumbai |
| 2 | Gujarat | Reserve Bank of India P.B.No.1, Ashram Road Ahmedabad – 380 014 E-mail: rdahmedabad@rbi.org.in | Ahmedabad |
| 3 | Karnataka | Reserve Bank of India 10/3/08, Nrupatunga Road P.B.No.5467 Bangalore – 560 001 E-mail: rdbangalore@rbi.org.in | Bangalore |
| 4 | M.P., Chattisgarh | Reserve Bank of India Hoshangabad Road P.B. No. 32 Bhopal – 462 011 E-mail: rdbhopal@rbi.org.in | Bhopal |
| 5 | Odisha | Reserve Bank of India Pt. Jawaharlal Nehru Marg P.B. No.16 Bhubaneswar – 751 001 E-mail: rdbhubaneshwar@rbi.org.in | Bhubaneswar |
| 6 | Haryana & Punjab | Reserve Bank of India Central Vista Opp. Telephone Bhawan Sector 17 Chandigarh – 160 017 E-mail: rdchandigarh@rbi.org.in | Chandigarh |
| 7 | Tamil Nadu & Pondicherry | Reserve Bank of India Fort Glacis No.16 Rajaji Salai P.B. No. 40 Chennai – 600 001 E-mail: rdchennai@rbi.org.in | Chennai |
| 8 | All North Eastern States | Reserve Bank of India Station Marg, Panbazar P.B. No. 120 Guwahati – 781 001 E-mail: rdguwahati@rbi.org.in | Guwahati |
| 9 | Andhra Pradesh | Reserve Bank of India 6-1-56, Secretariat Road, Saifabad, P.B. No. 1 Hyderabad – 500 004 E-mail: rdhyderabad@rbi.org.in | Hyderabad |
| 10 | Rajasthan | Reserve Bank of India Rambagh Circle, Tonk Road P.B.No.12 Jaipur – 302 004 E-mail: rdjaipur@rbi.org.in | Jaipur |
| 11 | Jammu & Kashmir | Reserve Bank of India Rail Head Complex Jammu – 180 012 E-mail: rdjammu@rbi.org.in | Jammu |
| 12 | Uttar Pradesh | Reserve Bank of India Mahatma Gandhi Road P.B.No.82/142 Kanpur – 208 001 E-mail: rdkanpur@rbi.org.in | Kanpur |
| 13 | West Bengal & Andaman & Nicobar Islands | Reserve Bank of India 15, N.S. Road Kolkata – 700 001 E-mail: rdkolkata@rbi.org.in | Kolkata |
| 14 | New Delhi & Himachal Pradesh | Reserve Bank of India 6, Sansad Marg New Delhi – 110 001 E-mail: rdnewdelhi@rbi.org.in | New Delhi |
| 15 | Bihar & Jharkhand | Reserve Bank of India South Gandhi Maidan P.B. No. 162 Patna – 800 001 E-mail: rdpatna@rbi.org.in | Patna |
| 16 | Kerala & Lakshadweep | Reserve Bank of India Bakery Junction P.B. No. 6507 Thiruvananthapuram – 695 033 E-mail: rdthiruvananthapuram@rbi.org.in | Thiruvananthapuram |
| 17 | Uttarakhand | Reserve Bank of India 74/ 1, Raipur Road GMVN Road Dehradun – 248 001 E-mail: mailto:rddehradun@rbi.org.in | Dehradun |
Foreign Students
- Facilities: Summer trainees will be eligible to receive a monthly stipend of INR 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.
- Location: Selected Trainees will be required to undertake a project only at the 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.
We suggest all the candidates to keep following our web portal @ Freshers Now regularly for all the latest and trendy updates on RBI Summer Internship Scheme/ RBI Summer Internship 2021.