Reserve Bank of India, Mumbai conducts a major awareness and sensitization exercise on the role of the Reserve Bank and the banking system across the country called the ‘RBI Young Scholars Award Scheme’. It exposes youngsters to an actual banking and financial environment and inculcates 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.

Number of Seats:

A maximum of 150 young scholars would be awarded scholarship by the RBI every year under the scheme. Out of these, a maximum of 50 candidates will be selected through a test conducted in English medium. The rest, up to a maximum number of 100 shall be selected on regional basis through a test conducted in vernacular medium.

Educational Qualification:

All students across India who have completed 10 + 2 years of formal education or its equivalent from recognized institutions/boards in 2009 or before and are currently pursuing their undergraduate studies. However, those having enrolled for or having acquired degree(s) higher than graduation will not be eligible. Candidates who have qualified and worked at RBI as a Young Scholar in any of the previous years are not eligible to apply.

Age Limit:

18 to 23 years (as on September 01, 20090

Entrance Examination:

The entrance exam will be conducted in English, Hindi and 11 other regional languages. The regional languages will be Assamese, Bengali, Gujarati, Kannada, Malayalam, Marathi, Oriya, Punjabi, Tamil, Telugu and Urdu. The exam will be held at around 100 different locations spread all across the country.

How to Apply:

Candidates willing to apply for the scholarship may apply in the prescribed application form available on RBI’s website either on line or offline. There is no fee for application or examination.

Visit http://www.rbi.org.in/youngscholars.aspx

Last Date:

The application and/or print-outs of application made online should reach the address mentioned above before October 21, 2009 by ordinary post. For the candidates staying abroad and for those posting print-out from Andaman & Nicobar Islands, Lakshadweep, Minicoy Islands, Assam, Meghalaya, Arunachal Pradesh, Mizoram, Manipur, Nagaland, Tripura, Sikkim, Ladakh Division of J & K State, Lahaul and Spiti District and Pangi Sub-Division of Chamba District of Himachal Pradesh, the last date for receipt of Print-out will be October 28, 2009. A print-out received after the last date will not be entertained.

Written Test:

Written test will be held on January 10, 2010

Call Letters:

Call letters will be posted to all the candidates through ordinary post under certificate of posting well in advance. However, if somebody does not get the same by January 5, 2010 he/she should download the same from the RBI website. To download the duplicate call letter candidates should know their application registration number which will also be sent by email to the candidates who provide a valid email- id. Alternately, name and date of birth details can also be used for downloading the call letter from the website.

Contact Details:

RBI Young Scholars Award Scheme,

Project No. 8709,

Post Box No. 7632,

Malad (West), Mumbai – 400064

Download More Details:

http://www.rbi.org.in/scripts/scheme09.aspx

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