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 students

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
Mumbai
2 Gujarat Reserve Bank of India
P.B.No.1, Ashram Road
Ahmedabad – 380 014
E-mail
Ahmedabad
3 Karnataka Reserve Bank of India
10/3/08, Nrupatunga Road
P.B.No.5467
Bangalore – 560 001
E-mail
Bangalore
4 M.P., Chattisgarh Reserve Bank of India
Hoshangabad Road
P.B. No. 32
Bhopal – 462 011
E-mail
Bhopal
5 Orissa Reserve Bank of India
Pt. Jawaharlal Nehru Marg
P.B. No.16
Bhubaneswar – 751 001
E-mail
Bhubaneswar
6 Haryana & Punjab Reserve Bank of India
Central Vista
Opp. Telephone Bhawan
Sector 17
Chandigarh – 160 017
E-mail
Chandigarh
7 Tamil Nadu & Pondicherry Reserve Bank of India
Fort Glacis
No.16 Rajaji Salai
P.B. No. 40
Chennai – 600 001
E-mail
Chennai
8 All North Eastern States Reserve Bank of India
Station Marg, Panbazar
P.B. No. 120
Guwahati – 781 001
E-mail
Guwahati
9 Andhra Pradesh Reserve Bank of India
6-1-56, Secretariat Road,
Saifabad, P.B. No. 1
Hyderabad – 500 004
E-mail
Hyderabad
10 Rajasthan Reserve Bank of India
Rambagh Circle, Tonk Road
P.B.No.12
Jaipur – 302 004
E-mail
Jaipur
11 Jammu & Kashmir Reserve Bank of India
Rail Head Complex
Jammu – 180 012
E-mail
Jammu
12 Uttar Pradesh Reserve Bank of India
Mahatma Gandhi Road
P.B.No.82/142
Kanpur – 208 001
E-mail
Kanpur
13 West Bengal & Andman & Nicobar Islands Reserve Bank of India
15, N.S. Road
Kolkata – 700 001
E-mail
Kolkata
14 New Delhi & Himachal Pradesh Reserve Bank of India
6, Sansad Marg
New Delhi – 110 001
E-mail
New Delhi
15 Bihar & Jharkhand Reserve Bank of India
South Gandhi Maidan
P.B. No. 162
Patna – 800 001
E-mail
Patna
16 Kerala & Lakshadweep Reserve Bank of India
Bakery Junction
P.B. No. 6507
Thiruvananthapuram – 695 033
E-mail
Thiruvananthapuram
17 Uttarakhand Reserve Bank of India
74/ 1, Raipur Road
GMVN Road
Dehradun – 248 001
E-mail
Dehradun

Who can apply?
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.

How to apply
Eligible students should apply for summer placement in the prescribed form given below through their respective institutes to the “Control Offices of Reserve Bank of India”, from 15th September to 30th October of the previous year for internship starting from April of next year

Selection
The Bank will select a maximum of 125 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 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.

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 monthly stipend of Rs.15,000/- per month. Outstation trainees will be required to make accommodation arrangements on their own.

Download the Application Form - Domestic students


Foreign Students

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 Rs.15,000/- 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
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