RBI Young Scholars Awards Scheme – 2012

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.

The RBI will select a maximum of 150 young scholars through a countrywide competitive examination and award scholarship.


(A) Educational Qualification: All students across India who have completed 10 + 2 years of formal education or its equivalent from recognized institutions/boards in 2011 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 again.

(B) Age: Candidates should be of age 18 years or more but less than 23 years as on September 1, 2011.

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.

Examination Pattern

The examination will be of objective type with multiple choices for answers. The paper will be of approximately 90 minutes duration and will have questions related to role and functioning of the RBI, the trend of banking industry in India and general economic and financial environment of the country.

lacements and Project Assignment

The selected All India candidates and the Regional Candidates will be placed at the nearest Regional Office designated for the purpose, depending on the size of the office. The selected candidates will be required to work within the RBI on projects/assignments allocated to them by the respective Regional Director of RBI. They will be expected to complete the same in a reasonable time, subject to a minimum of 2 months and a maximum of 3 calendar months.

How to Apply

Candidates willing to apply for the scholarship may apply online using the link http://www.rbi.org.in/youngscholars.aspx There is no fee for application or examination. Applications sent through any other mode such as by post or courier etc will not be accepted.

Last Date for Receipt of Application

The application should be filed online before December 16, 2011.

Call Letter for the Written Test

Call letters for the written test to be held on January 29, 2012 can be downloaded from the RBI website on or after January 12, 2012. Call letters will not be dispatched by post or courier.

To Apply online click here

For more details click here

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