The Reserve Bank of India has introduced a research internship scheme to give newly-graduated students a chance to learn the nuances of central banking. 

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The internship programme is for those students who want to pursue Ph. D. in economics, banking, finance or related fields, or to move to positions in government research institutions or financial institutions.

Under the internship programme, the intern will get a chance to assist and collaborate with RBI researchers to provide policy inputs and papers. He/she will also get a chance to help in analysing statistical data with the central bank researchers.

The internship will be in Mumbai for six months, which is  extendable for another six months depending on your performance or the RBI's requirements. Exceptional performers might even be considered for further extension.

Selection criteria

It is mandatory for candidates applying for the internship, to have a three-year undergraduate degree plus one extra year of post-graduate or should have completed a four-year integrated course like B. Tech or B.E. before joining. 

The internship programme is open for both domestic as well as foreign students. Work experience is not a pre-requisite. During the internship, RBI will pay a stipend of Rs. 35,000 per month, provide an office space, internet connectivity and other supporting facilities to the interns. 

However, interns will have to arrange for their own accommodation. 

RBI will pick interns twice a year depending on its requirements. A maximum of 10 interns will be selected every year. 

They will be placed in departments such as Department of Economic and Policy Research (DEPR) / Department of Statistics and Information Management (DSIM) / Strategic Research Unit (SRU).

For more information, read here.