The Reserve Bank of India (RBI) has launched the RBI Young Scholars Award Scheme

 

 

 

Home - Young Scholars Award Scheme

To encourage learning about the Reserve Bank of India (RBI) among the youth of the country, the RBI conducts a major awareness and sensitization exercise on the role of the Reserve Bank and the banking system across the country. This exercise, the ‘RBI Young Scholars Award Scheme’, exposes youngsters to an actual banking and financial environment and inculcates 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. 1. Eligibility (A) Educational Qualification: All students across India who have completed 10 + 2 years of formal education or its equivalent from recognized institutions/boards in 2009 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, 2009. 2. Number of Seats A maximum of 150 young scholars would be awarded scholarship by the RBI every year under the scheme. Out of these, a maximum of 50 candidates will 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. 3. 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 Centres is given in this notification. 4. 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. 5. How to prepare for the Exam Candidates willing to appear for the exam may take help of the material available on RBI Website www.rbi.org.in/youngscholars and www.rbi.org.in/commonman.aspx . The latest issue of RBI’s Annual Report and the Report on Trends & Progress of Banking will form part of the syllabus. 6. Placements 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 maximum of 3 calendar months. 7. Stipend During their stint with the RBI, they will be paid a consolidated monthly stipend of Rs.7500/- per head. For broken periods, the amount will be calculated on a pro rata basis. 8. Accommodation During their stay with the RBI, the selected scholars who do not have a place to reside at the centre of placement will be assisted with accommodation for the duration of their project. 9. How to Apply Candidates willing to apply for the scholarship may apply in the prescribed application form available on http://www.rbi.org.in/youngscholars.aspx 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 www.rbi.org.in/youngscholars 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'. 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. 11. List of Centres Sr.No. Centres Sr.No. Centres Sr.No Centres Sr.No Centres 1. Agartala 28. Dehradun 55 Kolkata 82 Rourkela 2. Ahmedabad 29. Delhi 56 Kozhikode 83 Rajahmundry 3. Allahabad 30. Dibrugarh 57 Kareemnagar 84 Raichur 4. Amrtisar 31. Dharwad 58 Kottayam 85 Shimla 5. Anand 32. Dharamsala 59 Kanpur 86 Sambalpur 6. Aurangabad 33. Ernakulam 60 Kolhapur 87 Silchar 7. Asansol 34. Guwahati 61 Kohima 88 Secunderabad 8. Ajmer 35. Gorakhpur 62 Lucknow 89 Salem 9. Agra 36. Gwalior 63 Ludhiana 90 Satna 10. Aligarh 37. Gandhinagar 64 Madurai 91 Shahdol 11. Amravati 38. Gangtok 65 Mangalore 92 Satara 12. Bangalore 39. Hyderabad 66 Mumbai 93 Surat 13. Baroda 40. Hazaribagh 67 Mysore 94 Siliguri 14. Bhilai 41. Howrah 68 Muzaffarpur 95 Shillong 15. Bhopal 42. Haldwani 69 Machhlipatnam 96 Srinagar 16. Bhubaneswar 43. Hissar 70 Meerut 97 Thiruvananthapuram 17. Berhampur 44. Imphal 71 Nagpur 98 Trichi 18. Bhagalpur 45. Indore 72 Nashik 99 Tirunelvelli 19. Bikaner 46. Itanagar 73 Nellore 100 Thane 20. Bareilly 47. Jaipur 74 Nadiad 101 Udaipur 21. Bhavnagar 48. Jammu 75 Patna 102 Udupi 22. Belgaum 49. Jodhpur 76 Port Blair 103 Varanasi 23. Chandigarh 50. Jalpaiguri 77 Panaji 104 Vijayawada 24. Chennai 51. Jamshedpur 78 Pune 105 Visakhapatnam 25. Coimbatore 52. Jorhat 79 Raipur 106 Vellore 26. Cuttack 53. Jabalpur 80 Rajkot 107 Warangal 27. Cuddapah 54. Kochi 81 Ranchi       12. Call Letter for the Written Test Call letters for the written test to be held on January 10, 2010 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. GENERAL INSTRUCTIONS a) Before applying for the scheme, the candidate should ensure that he / she fulfills the eligibility and other norms mentioned in the advertisement. Decision of the RBI in all matters regarding eligibility of the candidate, the stages at which such scrutiny of eligibility is to be undertaken, the documents to be produced for the purpose of the conduct of examination, selection and any other matter relating to scheme will be final and binding on the candidate. RBI in this regard shall entertain no correspondence or personal enquiries. In case it is detected at any stage of selection that a candidate does not fulfill the eligibility norms, and / or that he / she has furnished any incorrect / false information or has suppressed any material fact(s), his / her candidature will stand cancelled. If any of these shortcomings is / are detected even after selection, his / her scholarship / stipend are liable to be terminated. b) (i) Candidates must submit the attested photocopies of all the certificates in support of educational qualification, date of birth and caste / disability (if any). (ii) Candidates, belonging to SC/ST/OBC and category should send an attested copy of their caste certificate issued by the competent authority. However, these candidates will have to produce original caste certificate / relevant certificates at the time of reporting failing which his / her candidature will be cancelled. c) A print-out not accompanied by copies of relevant certificates, where necessary, or not in prescribed format or not signed by the candidate or incomplete in any respect will not be entertained. d) A recent, recognisable passport size photograph should be firmly pasted on the application and should be signed across by the candidate. Three copies of the same photograph should be retained for use at the time of written examination. Candidates are advised not to change their appearance till the selection process is complete. Failure to produce the same photograph at the time of written test may lead to disqualification. e) Candidates should be willing to stay anywhere in India for project work / assignment. f) Any request for change of address will not be entertained. g) Any dispute relating to this Scheme shall be subject to the sole jurisdiction of the Courts situated at Mumbai only. h) The RBI/IBPS takes no responsibility to connect any certificate sent separately. i) In case any dispute arises on account of interpretation in version other than English, English version will prevail. j) No candidate is permitted to use calculator, telephones of any kind, pagers or any other such instruments. k) The candidates, including SC/ST candidates will appear for the written examination at the allotted centres at their own expense. l) The RBI/IBPS may at its discretion hold re-examination wherever necessary in respect of a centre / venue / specific candidate(s). m) Final selection of the candidates is subject to his / her being declared medically fit as per the requirement of the RBI. n) Action against candidates found guilty of misconduct : Candidates are advised in their own interest that they should not furnish any particulars that are false, tampered, fabricated or should not suppress any material information while registering the information. At the time of Written Examination if a candidate is (or has been) found guilty of : i) using unfair means during the examination or ii) impersonating or procuring impersonation by any person or iii) misbehaving in the examination hall or taking away the question booklet/ answer sheet from the examination hall or iv) resorting to any irregular or improper means in connection with his / her candidature by selection or v) obtaining support for his / her candidature by any means, such a candidate may in addition to rendering himself / herself liable to criminal prosecution, be liable : a) to be disqualified from the examination for which he/she is a candidate b) to be debarred, either permanently or for a specified period, from any examination or recruitment conducted by RBI/IBPS. vi) The RBI would be analyzing the responses of a candidate with other appeared candidates to detect patterns of similarity. If as per the laid down procedure it is suspected that the responses have been shared and the scores obtained are not genuine / valid, the RBI / IBPS reserves the right to cancel his / her candidature.