RBI Research Internship 2021 @ rbi.org.in – Eligibility, Stipend, Application Form:
Here is a wonderful opportunity for young individuals to expose themselves to cutting-edge research in central banking. Reserve Bank of India (RBI) had declared the RBI Research Internship Scheme for the candidates who have been in college relatively 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. And these RBI Research Internships are open for domestic as well as foreign students. RBI will pay a stipend of INR 45,000 (Forty-Five Thousand only) per month.
For the convenience of the candidates, we arranged a direct link to apply for the RBI Research Internship 2021 at the end of this article. Accordingly, aspirants can also grab the extra details like RBI Research Internship Eligibility, Duration, Stipend offered Selection Process, and the process to fill the RBI Research Internship Application Form from the upcoming sections of this post without any hindrance.
Will assist and collaborate with RBI researchers on projects to provide policy inputs and papers targeted for publication at quality economics and finance journals.
May transition to writing research and policy articles of good quality.
Will assist in compiling accurate and timely data and assist with the relevant analytical, statistical, and econometric tools necessary to execute the research projects.
Placements would be in four departments of RBI namely the Department of Economic and Policy Research (DEPR), the Department of Statistics and Information Management (DSIM), the Strategic Research Unit (SRU), and the International Department (ID). The details of these departments are given later in this document.
RBI Research Internship Eligibility
The RBI Research Internship Eligibility to apply for this RBI Research Internship 2021 is as follows
DSIM: Post Graduate in Statistics/ Econometrics/ Economics or B.E./ B.Tech. (Computer) or MBA (Finance)
DEPR: Post Graduate in Economics/ Banking/ Finance or MBA (Finance)
SRU: B.Tech. or B.E. or Post Graduate with quantitative-oriented degrees in Economics/ Finance/ Statistical Science or those with expertise in Computer or Data Analytics. Programming skills or the ability to acquire them are necessary.
Not a pre-requisite.ID: Post Graduate degree in Economics/ Statistics/ Finance/ International Finance/ International Trade/ MBA with specialization in finance/ Banking/ International Relations.
Proficiency in applied econometrics and quantitative techniques; familiarity with some econometric software (e.g. Stata/ Eviews/ Matlab/ R/ Gauss).
RBI Research Internship | Duration
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 performance of the intern.
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).
Reserve Bank reserves the right to terminate the internship with a notice period of one month without giving any reason.
The intern should necessarily complete the 6 months internship period after selection and if he/ she decides 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.
RBI Research Internships – Facilities
RBI will provide office space, internet connectivity, and other support facilities to the interns.
The interns will be entitled to leave at the rate of 12 days per six months (leave will be calculated on a pro-rata basis for any fractional period) and any absence beyond the above period will be treated as leave without compensation.
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 commencement on the internship.
No Right of Appointment: The interns shall have no right/ claim for an appointment in the Reserve Bank of India by virtue of their internship.
RBI Research Internship | Selection Process
The RBI Research Internship 2021 Selection Criteria is mentioned below.
The Bank would select a maximum of 20 interns every year.Interested candidates as per their choice of area of research should apply directly to the concerned department at the address as mentioned below with CV, References, and Statement of Purpose.
Placements would be in four departments of RBI namely DEPR/ DSIM/ SRU and ID.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.
The details of each of the departments (DEPR/ DSIM/ SRU / ID) are mentioned below.
How To Apply for RBI Research Internship 2021?