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.

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 11,
2009 at various centres across India. The results of the selection
test are likely to be announced in the middle of March 2009. Desirous
candidates may submit applications - online/offline - latest by
October 24, 2008 to Institute of Banking Personnel Selection, IBPS
House, Post Box No : 8587, Mumbai - 400101.

Further details on the RBI Young Scholars Award Scheme are available
on RBI Website (www.rbi.org.in/youngscholars).

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