Build Your Future with the RBI: Summer Internship 2024 Applications Open

Build Your Future with the RBI: Summer Internship 2024 Applications Open

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The Reserve Bank of India (RBI) has started the online application process for its Summer Internship Program 2024. Eligible candidates can apply on the official RBI website at opportunities.rbi.org.in. The application window is open from October 15 to December 15, 2024, for internships commencing in April of the following year.

Eligibility Criteria:

Students pursuing post-graduate courses, integrated five-year courses in Management, Statistics, Law, Commerce, Economics, Econometrics, Banking, or Finance are eligible to apply. Additionally, candidates enrolled in three-year full-time professional bachelor’s degrees in Law from recognized institutions in India can also apply. Only students in their penultimate year (the second-last year of their course) are eligible.

Stipend and Benefits:

Selected interns will receive a monthly stipend of ₹22,000. However, outstation trainees must arrange their own accommodation. Additionally, selected outstation candidates will be reimbursed for their AC II Tier return fare by rail (or the equivalent amount) for travel between their institution and the internship location.

Selection Process:

A maximum of 125 students will be selected for the program each year. Shortlisted candidates will undergo interviews in January or February at designated RBI offices. Results will be announced in February or March.

Foreign Students:

Foreign students enrolled in economics, finance, banking, management, or law at universities abroad can also apply. However, they must complete their projects at the RBI’s Central Office departments in Mumbai. 

This internship offers a unique opportunity to gain valuable experience with India’s central bank.

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