Reserve Bank of India admission for Scholarship in Mumbai . Last Date To Apply 25 Jun 2015 Reserve Bank of India admission for Scholarship in Mumbai . Last Date To Apply 25  Jun 2015 .The Reserve Bank of India is India’s central banking institution, which controls the    monetary policy of the Indian rupee. The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934.The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in 1937. The Central Office is where the Governor sits and where policies are formulated.Though originally privately owned, since nationalisation in 1949, the Reserve Bank is fully owned by the Government of India.

Scholarship Scheme for Faculty Members from Academic Institutions

Number of Scholarships : A maximum of five scholarships would be considered for 2015. The Reserve Bank, at its discretion, may vary the number of scholarships for any year.


The eligibility criteria for the scheme are as follows:

Full-time faculty teaching economics and/or finance in any UGC-recognized Universities/Colleges in India.

Indian nationals.

Age below 55 years.


The major facilities that will be made available to the selected scholar would include:

Restricted economy class domestic air-fare ticket during visits to RBI Central Office, Mumbai from place of residence/work in India.

Monthly allowance of Rs. 25,000/- (Rupees twenty five thousand only) to be paid for the duration of the project (not more than three months).

In addition to the monthly remuneration, on completion of the Project/ Research paper and on acceptance of the same by RBI, payment of Rs.1 lakh as honorarium would be made.

Schedule of the Scheme

The application, complete in all respect, should reach the Bank latest by June 25, 2015.

Commencement of the scholarship scheme would be from August 1, 2015.

Location of the Scheme : The scheme would be mainly operational at Central Office Departments of RBI, Mumbai. In certain cases, the Reserve Bank may ask the selected candidate to conduct research at select Regional Offices of RBI also. However, Bank may provide the option to the candidates to work from their institution for the Study during the period of 2 to 3 months.

Selection Procedure : The candidates will be short listed on the basis of the (a) research proposal of not more than 1000 words, (b) curriculum vitae and (c) interview by a selection panel.

How to apply

The application in hard copy may be forwarded to ‘The Director, Development Research Group, Department of Economic and Policy Research, 7th Floor, Central Office Building, Reserve Bank of India, Fort, Mumbai – 400 001’. The application should be sent along with detailed curriculum vitae and the research proposal. The soft version of application (in addition to hard copy) and/or any queries related to the scheme may be sent to email. Last date for application : June 25, 2015.
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