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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 Degree in Business Management (MBA/MMS) / Economics / Econometrics / Finance / Banking / Law (five year programme) may forward the applications of eligible / interested students to the respective "Control Office 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, Amar Building, 3rd Floor, Fort, Mumbai – 400 001

email

Mumbai

2

Gujarat

Reserve Bank of India
P.B.No.1, Ashram Road
Ahmedabad – 380 014

email

Ahmedabad

3

Karnataka

Reserve Bank of India
10/3/08, Nrupatunga Road
P.B.No.5467
Bangalore – 560 001

email

Bangalore

4

M.P., Chattisgarh  

Reserve Bank of India
Hoshangabad Road
P.B. No. 32
Bhopal – 462 011

email

Bhopal

5

Orissa

Reserve Bank of India
Pt. Jawaharlal Nehru Marg
P.B. No.16
Bhubaneswar – 751 001

email

Bhubaneswar

6

Haryana & Punjab

Reserve Bank of India
Central Vista
Opp. Telephone Bhawan
Sector 17
Chandigarh – 160 017 

email

Chandigarh

7

Tamil Nadu & Pondicherry

Reserve Bank of India
Fort Glacis
No.16 Rajaji Salai
P.B. No. 40
Chennai – 600 001

email

Chennai

8

All North Eastern States

Reserve Bank of India
Station Marg, Panbazar
P.B. No. 120
Guwahati  – 781 001

email

Guwahati

9

Andhra Pradesh

Reserve Bank of India
6-1-56, Secretariat Road,
Saifabad, P.B. No. 1
Hyderabad – 500 004

email

Hyderabad

10

Rajasthan

Reserve Bank of India
Rambagh Circle, Tonk Road
P.B.No.12
Jaipur – 302 004

email

Jaipur

11

Jammu & Kashmir

Reserve Bank of India
Rail Head Complex
Jammu – 180 012

email

Jammu

12

Uttar Pradesh & Uttarakhand

Reserve Bank of India
Mahatma Gandhi Road
P.B.No.82/142
Kanpur – 208 001

email

Kanpur

13

West Bengal & Andman & Nicobar Islands

Reserve Bank of India
15, N.S. Road
Kolkata – 700 001

email

Kolkata

14

New Delhi & Himachal Pradesh

Reserve Bank of India
6, Sansad Marg
New Delhi – 110 001

email

New Delhi

15

Bihar & Jharkhand

Reserve Bank of India
South Gandhi Maidan
P.B. No. 162
Patna – 800 001

email

Patna

16

Kerala & Lakshadweep

Reserve Bank of India
Bakery Junction
P.B. No. 6507
Thiruvananthapuram – 695 033

email

Thiruvananthapuram

Eligibility
Students pursuing Post-Graduation courses in Management / Economics / Econometrics/ Banking / Finance / Law (five year programme) can apply for summer placement during their 2nd 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 of the previous year.

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 to / for to the office of RBI 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.

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 located at metro cities.

Facilities
Summer trainees are eligible to receive a token monthly stipend of Rs.12,500/- 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? / How to apply? / When to apply? / Duration/Selection / Facilities

Who can apply?
Students pursuing higher studies in economics, finance, banking, management, law (five year programme) and related fields in universities / institutes abroad will be eligible to apply.

How to apply?
Eligible students should fill out an 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 Division
Amar Building, 3rd Floor
Sir P. M. Road, Fort
Mumbai
India 400001

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. 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, name of the Guide 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.12,500/- 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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