Young Scholars Award Scheme by Reserve Bank of India, RBI Scholarship

Reserve Bank of India (RBI Scholarship) Young Scholars Award Scheme 2009The 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 awarded scholarship.

The purpose of the scheme is to expose youngsters to an actual banking and financial environment and also to inculcate a sense of pride in the selected ones of having had the opportunity to associate themselves with a prestigious organisation, the central bank of the country.

To encourage learning about the Reserve Bank of India (RBI) - the central bank of India, among the youth of the country, RBI has decided to launch ?RBI Young Scholars Award Scheme?.

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.

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.

Desirous candidates may submit applications for RBI Scholarships - online/offline to Institute of Banking Personnel Selection, IBPS House, Post Box No : 8587, Mumbai - 400 101.

Further details on the RBI Young Scholars Award Scheme are available on RBI Scholarships Website.