The Reserve Bank of India (RBI) has launched the RBI Young Scholars Award Scheme to develop interest and awareness about the Indian banking sector and RBI. RBI will conduct entrance exam in English, Hindi and 11 other regional languages and will select a maximum of 150 young scholars and award a scholarship.
Selection test will focus on the role and functions of RBI and banks in India. The selected candidates will be placed at the nearest Regional Office designated for the purpose, depending on the size of the office where these candidates will work on projects for 2 to 3 months and will be paid a consolidated stipend of Rs 7,500 per month during the duration of the project. The outstation awardees will be assisted by RBI in boarding and lodging during the program.
All students, between 18 and 23 years of age, who are currently pursing their undergraduate studies in any subject under any recognized university in India, are eligible to take up this competitive examination. The students can apply either online or offline. The prescribed application form is available on http://www.rbi.org.in/youngscholars.aspx. There is no fee for application or examination. For more information, visit www.rbi.org.in.
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