Young Scholars Award Scheme-2011
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.
(A) Educational Qualification: All students across India who have completed 10 + 2 years of formal education or its equivalent from recognized institutions/boards in 2010 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, 2010.
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 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.
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 indicative List of Centres is given in this notification.
4. Examination Pattern
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
All related information including the syllabus for the examination is available on the RBI Website link www.rbi.org.in/youngscholars.
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.
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.
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 https://www.rbi.org.in/youngscholars.aspx either on line or offline. There is no fee for application or examination.
All applications - sent online or offline - should be sent to the given address by ordinary post only.
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 22, 2010 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 30, 2010. 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.
13. Call Letter for the Written Test
Call letters for the written test to be held on January 9, 2011 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, 2011 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 e-mail 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.
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. The 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
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.
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