RBI INVITES... YOUNG SCHOLARS AWARD

The Reserve Bank of India 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 country wide competitive examination and awards 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 project in selected offices of RBI for two to three months and will be paid a stipend of Rs. 7500/- per month during the duration of this project.  RBI will assist outstation awardees in boarding and lodging.  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 universities in India are eligible to take the competitive examinations. There is no application fee. The selection test will be held on 9th January 2011 at various centers across India. The results of the selection test are likely to be announce in the middle of March, 2011. Desirous candidates may submit application to project co-coordinator, RBI young scholarship award scheme, project Number 9277, P.O. Box No. 7639, Malad (West), Mumbai 400064. (On line by 14.10.2010 and off line by 22.10.2010)

Further details of the RBI Young scholarship Award Scheme are available on RBI website www.rbi.org.in/youngscholars.aspx