RBI - 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, ‘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 2011 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 again.

(B) Age: Candidates should be of age 18 years or more but less than 23 years as on September 1, 2011.

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 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.

How to prepare for the Exam
All related information including the syllabus for the examination is available on the RBI Website link www.rbi.org.in/youngscholars.aspx

How to Apply
Candidates willing to apply for the scholarship may apply online using the link http://www.rbi.org.in/youngscholars.aspx There is no fee for application or examination. Applications sent through any other mode such as by post or courier etc will not be accepted.


The application should be filed online before December 16, 2011.

Check the below link for more details:
http://www.rbi.org.in/scripts/scheme12.aspx
http://registration.sifyitest.com/rbiyngnov11/