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RBI:Young Scholars Awards 2011

Saturday, September 18, 2010

/ Published by Simon L Infimate
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 awarded a 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 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 7,500/- per month during the duration of the project. RBI will assist outstation awardees in boarding and lodging. The awareness shall have no right/claim for an appointment in the RBI. Any candidate who had qualified and worked at RBI under the RBI Young Scholar Award Scheme in any of the previous years need not apply again.

(A) Educational Qualification: All students across India who have completed 10 + 2 years of formal education or its equivalent from recognized institutions/boards in 2010 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.
(B) Age : Candidates should be of age 18 years or more but less than 23 years as on September 1, 2010.

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 09, 2011 at various centres across India.
The results of the selection test are likely to be announced in the middle of March 2011.
Desirous candidates may submit applications to Project Coordinator, RBI Young Scholars Award Scheme, Project no 8709, Post Box no. 7632, Malad (West), Mumbai-400064 (online by 14.10.2010 & offline by 22.10.2010).
Further details on the RBI Young Scholars Award Scheme are available on RBI Website under the link:

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. The List of Centresis given in this notification.

Examination Pattern and Syllabus
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.

How to Apply
• Candidates willing to apply for the scholarship may apply in the prescribed application form available on either on line or offline. There is no fee for application or examination.
(A) Guidelines for Online Application
• Candidates should have a valid email ID.
• Go to the website and follow the instructions.
• After applying online, the registered candidates should obtain a system generated printout of the registered information and sign at the appropriate place. A recent photograph should be pasted on the print-out and sent along with attested copies of the certificate on the address given below :
                                              Project Coordinator
                                  RBI Young Scholars Award Scheme
                                              Project No. 8709,
                                             Post Box No: 7632
                                                  Malad (W),
                                              Mumbai- 400 064.
(B) Guidelines for filling Application Offline
• Go to the website
• Download the application form for off-line mode.
• Fill the form completely and paste your photograph at the appropriate place, sign at appropriate space and attach attested copies of all the relevant documents.
                                              Project Coordinator
                                 RBI Young Scholars Award Scheme
                                             Project No. 8709,
                                            Post Box No: 7632
                                                Malad (W),
                                            Mumbai- 400 064.
All applications - sent online or offline - should be sent to the given address by ordinary post only.
Superscribe the envelope 'Application for the RBI Young Scholars Award Scheme 2009-10'.

Last Date for Receipt of Application
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.
The Reserve Bank of India/Institute of Banking Personnel Selection (IBPS) will not be responsible for any loss of application/print-out in transit or for rejection of application print-out because of non-receipt of print-out on or before the stipulated date.

Call Letter for the Written Test
Call letters for the written test to be held on January 09, 2011 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

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