Are you a college student or a recent graduate with a drive to succeed in the financial sector? Look no further! The State Bank of India SBI, one of India’s leading financial institutions, is offering exciting paid internship opportunities in 2024.
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Table of Contents
About the SBI
State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra. SBI is the 48th largest bank in the world by total assets and ranked 221st in the Fortune Global 500 list of the world’s biggest corporations of 2020, being the only Indian bank on the list. It is a public sector bank and the largest bank in India with a 23% market share by assets and a 25% share of the total loan and deposits market. It is also the tenth largest employer in India with nearly 250,000 employees. In 2023, the company’s seat in Forbes Global 2000 was 77.
On 14 September 2022, the State Bank of India became the third lender (after HDFC Bank and ICICI Bank) and the seventh Indian company to cross the ₹ 5-trillion market capitalisation on the Indian stock exchanges for the first time. The largest public lender in the country reached a milestone on February 7, 2024, when its market capitalization surpassed ₹6 lakh crore, making it the second public sector undertaking (PSU) to do so, after Life Insurance Corporation. The Reserve Bank of India (RBI) has identified the SBI, HDFC Bank, and ICICI Bank as Domestic Systemically Important Banks (D-SIBs), which are often referred to as banks that are “too big to fail”.
The bank descends from the Bank of Calcutta, founded in 1806 via the Imperial Bank of India, making it the oldest commercial bank in the Indian subcontinent
Objectives Paid Internship
SBI Paid Internship is a Rural Fellowship programme initiated by the State Bank of India, funded and managed by the SBI Foundation in partnership with reputed grassroots NGOs. It seeks to address rural India’s most pressing problems by:
Providing educated Indian youth with an opportunity to touch lives and create positive change at the grass root level in rural India
NGOs working on development projects in rural India should be provided with educated manpower whose skill sets can be used to catalyze rural development.
Promoting a forum for the Programme alumni to share ideas and contribute to rural development throughout their professional lives.
Eligibility Criteria
Be a citizen of India, an Overseas Citizen of India (OCI), or a citizen of Nepal/Bhutan.
Be between 21 and 32 years old on the day of commencement of the program, i.e., you must have been born not earlier than 2nd August 1992 and not later than 1st October 2002.
Have completed at least a Bachelor’s degree should be completed before 1st October 2024.
A team player with a proactive approach and strong leadership skills
People-oriented, as you will be living in diverse rural communities.
Willing to commit to a 13-month-long rural Fellowship programme and adapt to life in challenging rural conditions.
Note to OCI Candidates: In case you don’t possess an OCI card currently, please visit the website of the Ministry of Home Affairs, Government of India for OCI registration. As the process takes at least 1-3 months, we recommend applying for it as soon as you initiate your Fellowship application.
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Financial and Other Support
A monthly allowance of 16000 INR for the duration of the programme to meet your living expenses.
A monthly allowance of 1000 INR for the duration of the programme to meet your transport expenses.
A readjustment allowance of 60000 INR upon successful completion of the Fellowship.
The cost of the return 3AC fare from your residence to the project site location as well as expenses incurred on traveling for training programmes.
You will be covered by a medical claim policy.
Application Process
The Application Process offers Fellowship Aspirants a unique opportunity to work with rural communities, build their dream projects, and impact India’s development goals.
Stage 1 (Registration and Online Assessment)
Fill out the Registration Form and begin your Online Assessment. During the assessment, you will be asked to provide a detailed essay-based response where you can share your story, perspectives and intention to join the Fellowship.
The purpose of this online assessment is to know you better. Please read the instructions carefully before starting the assessment.
Time: The average time to complete this online assessment is 1.5 hours. You can save your assessment process midway and return to it later to finish.
Recommended Device: Since this section takes time and requires an essay, it is recommended that you attempt it on a laptop or a desktop device.
Personal Details: Keep the details of your education and professional experience handy as needed during the assessment process.
Recommendation: Keep the contact details of your academic & professional recommenders handy for this assessment. We will contact them as a part of our process.
Essay Questions: You must answer 7 short questions and 1 case study. We encourage originality in your responses, as they will showcase your aptitude and interest in the Fellowship. Please note that plagiarism is not tolerated and may result in rejection of your application.
Application expiration: All applications must be completed and submitted before the deadline.
Stage 2 (Personal Interview)
In the Personal Interview stage, the esteemed panel evaluates the applicant’s personal characteristics and suitability for the role. This stage is designed to help the selection panel make informed decisions based on factors beyond academic qualifications and work experience and gain a deeper understanding of the person.
The Qualities of an Ideal Applicant
The Fellowship welcomes applicants from diverse professional and academic backgrounds who exhibit a strong interest, passion, and commitment to the development of rural India.
Applicants should be humble and eager to learn within a cross-cultural context and demonstrate a strong commitment to service.
They should also possess the ability to be adaptive, resilient, and innovative in finding solutions in under-resourced environments.
Other Support
You will be assisted by the local NGO staff to find suitable accommodation with safety in mind.
The partner NGO will also arrange for necessary medical attention when needed.
Post Fellowship Benefits
On successful completion, the Fellow receives a readjustment allowance of Rs. 60,000 and a certificate of completion from the SBI Foundation.
Location
The projects will be located in Andhra Pradesh, Assam, Bihar, Gujarat, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Tamil Nadu, and Punjab.
Contact Details
applications[at]youthforindia.org
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How To Apply?
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FAQ
Who can apply for the SBI Paid internship program?
Be a citizen of India, an Overseas Citizen of India (OCI), or a citizen of Nepal/Bhutan.
A team player with a proactive approach and strong leadership skills
