How to get an internship at RBI

RBI2Reserve Bank of India (RBI) was established in 1935 and is the central banking institution of India. It gives an opportunity to the Indian and well as the foreign students to work as interns and experience the working of a centralized bank.

How to apply?

Every year RBI rolls out an advertisement for hiring interns for summers on September 15th. The application deadline is 30th October and the internship period is for a maximum of three months during the months of April to July. RBI even connects to the Training and Placement departments of some colleges regarding this. You need to fill a prescribed form and submit the CV at the control office of RBI. The RBI has a total of sixteen control offices in different states. Besides that RBI also conducted a nation-wide examination under the name of RBI Young Scholars Awards Scheme for undergraduate students from which it chose 100 students as interns. The scheme, however, has been discontinued since two years.

Who can apply?

Students pursuing Post-Graduation courses in Management / Economics / Econometrics/ Banking / Finance / Law (five year program) can apply for summer placement during their 2nd semester. Moreover, the under-graduation background also goes a long way in determining the department you get placed in.

What after applying?

After applying, the CVs are shortlisted on basis of marks attained in 10th, 12th and under-graduation. Interviews are conducted during November and December in the control offices of the respective region form which application was received. The interview panel might consist of 5-6 people, all of whom hold high posts in the organization. In the interview, the questions could be categorized into three categories-

  1. Resume based
  2. How much you know about RBI and its policies
  3. Current affairs relating to the economic world and general knowledge

Resume/CV based questions are related to one’s career. They ask questions about your career path and your reason for choosing RBI to do an internship. Examples of few such questions-
What do you expect to learn from this internship?
How would this internship help your career?

Know thy organization! The panelists of the interview are quite senior people in the bank and they expect the interns to know RBI in and out. Visiting their website and being well-versed about various policies and functions of RBI would be sufficient. In addition, collecting more information through other sources would accentuate the chances of getting selected. Examples of such questions-
What are the basic roles and functions of RBI?
What is the objective of RBI?

Be informed of the financial world. Being the central banking institution of India, questions regarding monetary policies and topics relating to economics of the country are obvious. The panelists generally ask questions about the current hot topic of the finance sector, for eg, about inflation or about depreciation of rupee. Examples of such questions-
Should commodity training be allowed in India?
What steps do you think RBI must take to arrest the depreciation of Ruppee?

You’re asked to list the departments you would like to work while filling the form and if you’re shortlisted after the interview then then you might get a role in it based on vacancies available.

Word of advice from ex-interns :-

Be thorough with RBI. It is THE premier bank of India; getting into it isn’t easy. Put efforts in your application and work diligently.

Have a sound knowledge of current economic policies. RBI deals with the dynamic world of finance. New terms are coined every month and new topics are discussed every day. Be adept with the latest news.

Decide what role you want to fit in. An internship at RBI is a very important step in your career. Thus it would be wise to play according to your strength.

Never bluff in the interview and be confident. Remember that the best of the best are taking your interview. Pitch yourself in a positive way and never ever argue with them in case your opinion differs on certain topics.

Refer to the RBI official website for further details.

RBI is a wonderful place to do your internship. Don’t take our word for it; hear what the ex-interns (Hardik, Apurv and Rajesh) have to say about their internship experience at RBI.

Check out the best finance and MBA internships and to start applying, please register here.

Image credits: http://galleryhip.com/rbi-logo.html

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19 thoughts on “How to get an internship at RBI

  • December 20, 2014 at 2:25 PM

    I am interested to take internship in your organisation.

    Reply
    • December 22, 2014 at 5:51 PM

      Hi Sravani,

      Please refer to the above article to know more about internship at RBI.

      Thanks.

      Reply
  • December 20, 2014 at 7:31 PM

    I am interested to take internship in your organisation..

    Reply
    • December 22, 2014 at 5:52 PM

      Hi Pankaj,

      Please refer to the above article to know more about internship at RBI.

      Thanks.

      Reply
  • January 5, 2015 at 12:33 PM

    How to apply to the internship in rbi

    Reply
    • January 7, 2015 at 5:49 PM

      Hi!

      Please go through the article carefully. You’ll the link to apply for the internship.

      Best
      Team Internshala

      Reply
  • January 13, 2015 at 4:17 PM

    I want an internship with Rbi, how to apply and when will be the dates out to apply for this coveted internship.

    Reply
    • January 14, 2015 at 5:38 PM

      Hi Abhishek,

      Please go through the article carefully. You’ll the link to apply for the internship.

      Best
      Team Internshala

      Reply
  • February 19, 2015 at 6:53 PM

    hello sir
    i am in my 3rd year of bcom(h) and pls tell me that is the procedure to apply for the rbi internship is online ????

    Reply
    • February 23, 2015 at 4:30 PM

      Hi Radhika,

      Please go through the “How to apply” section in the above article.

      Thanks

      Reply
  • August 3, 2015 at 11:41 PM

    hi

    i am a b.com(h)- ii year student. Can i apply for this internship?

    Reply
  • September 8, 2015 at 5:46 PM

    Sir I’m doing mba 1 sem is going in on Nov I m having exam of1 sem so can I apply for internship in june 2016

    Reply
  • August 6, 2016 at 12:08 AM

    The article says that the respective institutions should submit the applications. That means, we just need to fill the form and forward it to the concerned authorities or we need to post it after their authentication??

    Reply
    • August 10, 2016 at 5:21 PM

      Hi Sumit,

      Thank you for writing in.
      Please refer the above article for the further details regarding the internship in RBI.

      Thanks

      Reply
  • January 25, 2017 at 1:22 PM

    Sir, i already applied in internship.for may and april.. But d’nt got any email from RBI. I was submitted the form in nov.. Bt d’nt gt any information about shortlisted candidate and about interview..

    Reply
    • January 25, 2017 at 5:45 PM

      Hi Priya,

      You may follow-up with the company on this. We have no idea on this.

      Thanks

      Reply
  • February 8, 2017 at 5:48 PM

    They will select candidates on CV, references. But i didnt understand whom reference which reference. please comment because i want to apply for it.

    Reply
  • October 3, 2017 at 4:59 PM

    hii,
    please some one reply me the format of cv we should submit for rbi internship

    Reply

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