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THE RESERVE BANK OF INDIA Internship 2022 | Government Internship for Students – Apply before 30th May

Highlights of the Program :

  • Type : Internships
  • Applications Open :16 May 2022
  • Applications Close :31 Dec 2022
  • Stipend Rs. 35,000/- per month.

About the Internship :

The research Internship scheme provides an opportunity for young individuals to expose themselves to cutting-edge research in central banking. It best suits individuals who have been in college relatively recently and wish to move on to pursue Ph. D. in Economics, Banking, Finance, or related fields, or to positions in government research institutions, or financial institutions that require a quantitative and analytic orientation.

Role Description

The Intern

  • Will assist and collaborate with RBI researchers on projects to provide policy inputs and papers targeted for publication in quality economics and finance journals.
  • Will assist in compiling accurate and timely data and assist with the relevant analytical, statistical, and econometric tools necessary to execute the research projects.
  • May transition to writing research and policy articles of good quality.


  • For DSIM- Post Graduate in Statistics/Econometrics/Economics or BE/B.Tech (Computer) or MBA (Finance).
  • For DEPR- Post Graduate in Economics, Banking, Finance or MBA (Finance).
  • For SRU- B.Tech or B.E. or Post Graduate with quantitative-oriented degrees in Economics, Finance, or Statistical Science or those with expertise in Computer or Data Analytics. Programming skills or the ability to acquire them are necessary.
  • The opportunity will be open to domestic as well as foreign students.
  • Strong motivation is critical. Our work environment will give candidates many opportunities to learn and participate in research. Candidates should be keenly interested in our core areas of research and also be able to derive benefit from our work in these areas.

Mode of Application

  • Selections will be done twice a year depending on RBI’s requirements in a manner that the internship commences from the 1st of January or the 1st of July of the year concerned. The application window will remain open during the first five months of the preceding half-year. To illustrate, applications for internships commencing from the 1st of January onwards will be accepted from July-November of the previous year and will be examined in December of the previous year. Likewise, applications for internships commencing from the 1st of July onwards will be accepted during January- May and will be examined in June of the same year.
  • The applications of the candidates are valid only for the applied batch (i.e 1st January / 1st July) and the same will not be considered for the subsequent batch. Candidates who were not selected earlier, if interested, are requested to apply afresh when the application window for the next intended batch commences.
  • The candidate will be shortlisted by the Bank based on their CV, References, and Statement of Purpose and will be called for a personal interview. Interested candidates are encouraged to send their CV, References, and Statement of Purpose along with the duly filled application form to the email-id of the specific department desired by the applicant.
  • Incomplete applications and applications without CV, References, and/or Statement of Purpose are liable to be rejected.
  • References may be obtained from the faculty members of the related colleges/institutions of the respective applicants.


  • The internship will be for a period of 6 (six) months extendable for another 6 (six) months based on the needs of the unit and the intern’s performance. Exceptional performers might be considered for further extension (total internship period may be for a maximum period of two years with a provision for renewal every six months).
  • The intern should complete the 6 months internship period after selection. If they decide to terminate the same, a notice period of at least one month must be served. If under any circumstances, the intern is unable to serve the notice period he/she would have to pay an amount equivalent to one month’s stipend.
  • The internship is based in Mumbai, India.
  • Reserve Bank reserves the right to terminate the internship with a notice period of one month without giving any reason.

Facilities Provided

  • RBI will provide office space, internet connectivity and other support facilities to the interns.
  • RBI will pay a stipend of Rs. 35,000/- per month.
  • Interns will be required to make accommodation arrangements of their own.

Declaration of Secrecy

  • Interns are required to furnish to RBI a declaration of secrecy in the prescribed format before the commencement of the internship.

Method of Selection

  • The Bank would select a maximum of 10 interns every year.
  • Placements would be in three departments of RBI namely DEPR / DSIM / SRU.
  • Interested candidates as per their choice of area of research should apply directly to the concerned department at the address mentioned below with a CV, References and Statement of Purpose.
  • The candidate will be shortlisted by the Reserve Bank based on their CV, References and Statement of Purpose and will be called for a personal interview.




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