What: The Reserve Bank of India [Get Quote] (RBI) is launching 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 award scholarship.

The selection test will be focus on the role and functions of the RBI and banks in India and will be held in English as well as in all major regional languages.

Selected candidates will be required to work on projects in select offices of the 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. The RBI will assist outstation awardees in getting accommodation. The awardees shall have no right/ claim an appointment in the RBI.

Eligibility criteria
All students, between 18 and 23 years of age, currently pursuing their undergraduate studies in any subject under any recognised University in India, are eligible to take the competitive examination. There is no application fee.

The selection test will be held on March 16, 2008 at various centres across India.

Interested candidates may submit applications online/offline latest by January 21, 2008 to the following address:

Institute of Banking Personnel Section,
IBPS House,
Post Box No. 8587,
Mumbai - 400 101.

For further details
Visit the RBI website http://www.rbi.org.in/youngscholars

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