Legal Intern – RBI Summer Placement 2027

About Company
Roles and Responsibility
Eligibility
How to Apply

The Reserve Bank of India (RBI) is India's central bank, responsible for regulating the country's monetary and financial system.

Post Details: The Reserve Bank of India invites applications for its Summer Placement 2027 programme, offering law students an opportunity to gain practical exposure.

Specific roles and responsibilities have not been mentioned in the original post.

  • Law students in the penultimate year of their course only.

  • Students from other academic years are not eligible.

    • The internship will be for a period of 6 (six) months extendable for another 6 (six) months based on the needs of the unit and the performance of the intern. Exceptional performers might be considered for further extension (total internship period may be for a maximum period of two years with a provision for renewal every six months).

    • The intern should necessarily complete the 6 months internship period after selection and if he / she decides to terminate the same, a notice period of at least one month must be served. If under any circumstances, the intern is unable to serve the notice period he / she would have to pay an amount equivalent to one month’s stipend.

    • The internship is based at Mumbai, India.

    • Reserve Bank reserves the right to terminate the internship with a notice period of one month without giving any reason.

    Facilities Provided

    • RBI will provide office space, internet connectivity and other support facilities to the interns.

    • RBI will pay a stipend of ₹45,000/- (Forty-Five Thousand only) per month.

    • The interns will be entitled to leave at the rate of 12 days per six months (leave will be calculated on pro rata basis for any fractional period) and any absence beyond the above period will be treated as leave without compensation.

    • Interns will be required to make accommodation arrangements of their own.

    Declaration of Secrecy

    Interns are required to furnish to RBI a declaration of secrecy in the prescribed format before commencement on the internship.

    No Right of Appointment

    The interns shall have no right / claim for an appointment in the Reserve Bank of India by virtue of their internship.

    Method of Selection

    • The Bank would select a maximum of 20 interns every year.

    • Placements would be in four departments of RBI namely DEPR / DSIM / FSD and ID.

    • Interested candidates as per their choice of area of research should apply directly to the concerned department at the address as mentioned below with CV, References and Statement of Purpose.

    • Candidate will be shortlisted by the Reserve Bank based on their CV, References and Statement of Purpose and will be called for personal interview.

    • The details of each of the departments (DEPR / DSIM / FSD / ID) is mentioned below.

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