RBI Research Internship 2025 | ₹45,000 Per Month

RBI Internship 2025 : Research Internship scheme provides an opportunity to young individuals to expose themselves to cutting edge research in central banking. It best suits individuals who have been in college relatively recently and wish to move on to pursue Ph. D. in Economics, Banking, Finance or related fields, or to positions in government research institutions, or financial institutions that require a quantitative and analytic orientation.

Placement

Placements will be in four departments of RBI: Department of Economic and Policy Research (DEPR), Department of Statistics and Information Management (DSIM), Financial Stability Department (FSD), and International Department (ID). Details of these departments are provided later in this document.

Qualification / Experience

Eligibility

• DSIM: Post Graduate in Statistics/Econometrics/Economics or B.E./B.Tech (Computer) or MBA (Finance) or Degree in Data Science/B.E./B.Tech./B.Sc. (Computer Science)/M.Sc. in Applied Statistics, Data Science, and Data Analytics.
• DEPR: Post Graduate in Economics/Banking/Finance or MBA (Finance)/B.Tech. or B.E. or Post Graduate with quantitative-oriented degrees in Economics/Finance/Statistical Science. Programming skills or the ability to acquire them are necessary.
• FSD: Post Graduate in Statistics/Economics/Econometrics/Finance or MBA with specialization in Finance/Banking.
• ID: Post Graduate degree in Economics/Statistics/Finance/International Finance/International Trade or MBA with specialization in Finance/Banking/International Relations.

Desirable Qualification

• Proficiency in applied econometrics and quantitative techniques.
• Familiarity with econometric software and knowledge of Machine Learning techniques (e.g., Stata, Eviews, Matlab, R, Gauss, Python, Tableau, Power BI).
• Demonstrated research experience preferred.

Work Experience

• Not a pre-requisite.

Mode of Application

Selections will be conducted twice a year depending on RBI’s requirements. Internships commence from either 1st January or 1st July of the respective year. The application windows are:

• For January internships: July–November of the previous year, with selections in December.
• For July internships: January–May, with selections in June of the same year.

Applications are valid only for the applied batch (i.e., 1st January/1st July). Candidates must reapply for subsequent batches if interested. Shortlisting will be based on CV, References, and Statement of Purpose, followed by a personal interview. Complete applications must be emailed to the specific department.

• Incomplete applications without CV, References, or Statement of Purpose will be rejected.
• References should be obtained from faculty members of related colleges/institutions.

Duration

• Internship duration is six months, extendable for another six months based on performance and unit needs.
• Exceptional performers may be considered for further extensions (maximum of two years, renewable every six months).
• Interns must complete the six-month internship. Early termination requires a one-month notice or payment equivalent to one month’s stipend.
• Internship location: Mumbai, India.
• RBI reserves the right to terminate the internship with a one-month notice without providing a reason.

Facilities Provided

• Office space, internet connectivity, and other support facilities will be provided.
• Monthly stipend of ₹45,000/- (Forty-Five Thousand only).
• 12 days of leave per six months (pro-rata basis for fractional periods). Additional leave will be without compensation.
• Interns must arrange their own accommodation.