Reserve Bank of India (RBI Scholarship) Young Scholars Award 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. Under the Scheme, the RBI will select a maximum of 150 young scholars through a countrywide competitive examination and awarded scholarship. Out of these, a maximum of 50 candidates may be selected through a test conducted in English medium. The rest, up to a maximum number of 100, shall be selected on regional basis through a test conducted in vernacular medium.

The purpose of the scheme is to expose youngsters to an actual banking and financial environment and also to inculcate a sense of pride in the selected ones of having had the opportunity to associate themselves with a prestigious organisation, the central bank of the country.

RBI Scholarship Entrance Exam 2012
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 indicative List of Centres is given in this notification.

RBI Scholarship 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.

To encourage learning about the Reserve Bank of India (RBI) - the central bank of India, among the youth of the country, RBI has decided to launch ‘RBI Young Scholars Award Scheme’.

Selection test will focus on the role and functions of 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 RBI for 2 to 3 months and will be paid a consolidated stipend of Rs. 7500/- per month during the duration of the project. RBI will assist outstation awardees in boarding and lodging. The awardees shall have no right/claim for an appointment in the RBI.

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.

Further details on the RBI Young Scholars 2012 Award Scheme are available on RBI Scholarships Website http://www.rbi.org.in/youngscholars.aspx

RBI Young Scholar Award 2012