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. This exercise, ‘RBI Young Scholars Award Scheme' exposes youngsters to an actual banking and financial environment and inculcates a sense of pride in the selected ones of having had the opportunity to associate them with a prestigious organisation, the central bank of the country.
Total Number of Scholarships: 150. Out of these, a maximum of 50 candidates may be selected through a test conducted in English medium. The rest, up to a maximum number of 100, shall be selected on regional basis through a test conducted in vernacular medium.
Important Dates
- Opening date for filling online application: 19 November 2011
- Last date for filling online application: 16 December 2011
- Date for downloading Call Letter: After 12 January 2012
- Date of written test: 29 January 2012
- Result of the selection test: First week of April 2012
Eligibility Criteria
Educational Qualification: All students across India who have completed 10 + 2 years of formal education or its equivalent from recognized institutions/ boards in 2011 or before and are currently pursuing their undergraduate studies. However, those having enrolled for or having acquired degree(s) higher than graduation will not be eligible.
Candidates who have qualified and worked at RBI as a Young Scholar in any of the previous years are not eligible to apply again.
Age Limit (as on 1 September 2011): Minimum 18 years and Maximum 23 years
Stipend: During their stint with the RBI, they will be paid a consolidated monthly stipend of Rs 7500 per head. For broken periods, the amount will be calculated on a pro rata basis.
Entrance Exam: The entrance exam will be conducted in English, Hindi and 11 other regional languages. The regional languages will be Assamese, Bengali, Gujarati, Kannada, Malayalam, Marathi, Oriya, Punjabi, Tamil, Telugu, and Urdu. The exam will be held at around 100 different locations spread all across the country.
Selection Procedure: The candidates will be selected on the basis of written exam. The examination will be of objective type with multiple choices for answers. The paper will be of approximately 90 minutes duration and will have questions related to role and functioning of the RBI, the trend of banking industry in India and general economic and financial environment of the country.
How to Apply: Candidates willing to apply for the scholarship may apply online using the link http://www.rbi.org.in/youngscholars.aspx Applications sent through any other mode such as by post or courier etc will not be accepted.
Note: There is no fee for application or examination.
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