RESERVE BANK OF INDIA
RBI YOUNG SCHOLARS AWARD SCHEME
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. Under
the Scheme, the RBI will select a maximum of 150 young
scholars through a countrywide competitive examination
and award 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 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. Any candidate
who had qualified and worked at RBI under the RBI Young
Scholar Award Scheme in any of the previous years are
not eligible to apply again.
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. The
selection test will be held on January 29, 2012 at various
centres across India. The results of the selection test will
be announced in the first week of April 2012. Desirous
candidates may submit applications only by the online
mode. Last date for receipt of applications is December 16,
2011. Further details on the RBI Young Scholars Award
Scheme are available on RBI Website under the
link:www.rbi.org.in/youngscholars.aspx and also in the
'Employment News' and 'Rozgar Samachar'.
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