RESERVE BANK OF INDIA RBI YOUNG SCHOLARS AWARD SCHEME

RESERVE BANK OF INDIA 
RBI YOUNG SCHOLARS AWARD SCHEME 

 

The Reserve Bank of India (RBI) has launched 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 boarding and lodging. The awardees shall have no 
right/claim for an appointment in the RBI.  Any candidate 
who had qualified and worked at RBI under the RBI Young 
Scholar Award Scheme in any of the previous years are 
not eligible to apply again. 
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 
selection test will be held on January 29, 2012 at various 
centres across India. The results of the selection test will 
be announced in the first week of April 2012. Desirous 
candidates may submit applications only by the online 
mode. Last date for receipt of applications is December 16, 
2011. Further details on the  RBI Young Scholars Award 
Scheme are available on RBI Website under the 
link:www.rbi.org.in/youngscholars.aspx  and  also  in  the 
'Employment News' and 'Rozgar Samachar'.