RBI to hire young professionals for ₹1.5 lakh/month stipend
What's the story
The Reserve Bank of India (RBI) is on the lookout for young professionals to join its Central Office Departments in Mumbai. The central bank has invited online applications for 12 positions across specialized fields like artificial intelligence, quantum technology, cyber security, and climate change risk. The selected candidates will be offered a fixed monthly stipend of ₹1.5 lakh for their services.
Contract details
Candidates must be Indian citizens aged between 21-30 years
The selected professionals will be given an initial contract of three years, extendable by mutual consent for a maximum period of five years. The engagement is strictly on a full-time contractual basis and does not constitute a regular employment structure. Candidates must be Indian citizens aged between 21 and 30 years as on July 6, 2026, which is also the last date for submitting online applications.
Compensation rules
Fixed stipend per month
The RBI has laid down strict guidelines regarding the stipend, working hours, and other terms of engagement for the contracted professionals in Mumbai. "A fixed stipend of ₹1,50,000/-, subject to applicable tax deductions, will be paid for the entire duration of engagement," said the central bank. The contract clearly prohibits professionals from taking up any other job during their tenure with RBI.
Work guidelines
Personnel will have to follow regular office hours
The RBI has also specified that the professionals will have to follow regular office hours without any additional monetary compensation for overtime or holiday work. The notification states that the personnel will get 15 days of leave in a calendar year, accruing on a pro-rata basis and not carried forward to the next year. Unauthorized absence for eight consecutive working days or more without valid reason may lead to contract termination.
Pre-joining conditions
Candidates will have to submit medical fitness certificate
The selected candidates are expected to join the post between August and October 2026. After selection, candidates will have to submit a medical fitness certificate and a police verification report confirming no criminal antecedents. They will also have to sign an agreement and abide by a code of conduct and secrecy guidelines as part of their engagement with RBI.