The Reserve Bank of India (RBI) is launching the RBI Young Scholars Award Scheme to generate interest in and awareness about the Indian banking sector and RBI.
Under the scheme, the RBI will select a maximum of 150 young scholars through a countrywide competitive examination and award scholarship. Selection test will focus on the role and functions of RBI and banks in India and will be held in English as well as in all major regional languages.
Selected candidates will be required to work on projects in select offices of RBI for 2 to 3 months and will be paid a consolidated stipend of Rs.7500 per month during the duration of the project. RBI will assist outstation awardees in getting accommodation.
The awardees shall have no right/claim for an appointment in the RBI.
All students, between 18 and 23 years of age, currently pursuing their undergraduate studies in any subject under any recognized university in India, are eligible to take the competitive examination.
There is no application fee. The election test will be held on March 16, 2008 at various centres across India. Desirous candidates may submit applications-online/offline- latest by January 21,2008 to
Institute of Banking Personnel Selection,
IBPS House, Post Box No:8587,
Mumbai - 400 101.