The Institute for Development and Research in Banking Technology (IDRBT) is a premier Institution focused exclusively on Banking Technology. Established by Reserve Bank of India, the Institute works at the intersection of Banking and Technology, focusing on research and development, which is useful for the Indian Banking and Financial Sector.
The “IDRBT Project Trainee Scheme” (IPTS) offers internship opportunities for students, who have completed at least two years of graduation or are pursuing post graduation in highly reputed Institutions, to carry out various projects in the area of Banking Technology during the summer of 2019.
The specifics of the IPTS, which is aimed at providing exposure to emerging young talent in the niche area of Banking Technology, is as under:
- The Institute may offer Project Traineeships to students pursuing their graduation (after completion of a minimum of two years of studies) and post graduation in the areas of Computer Science and Information Technology in highly reputed Institutions such as IITs, IIMs, IIITs, NITs, Central Universities, ISB, TIFR, BITS, and similar Institutions
- These Project Traineeships are meant for carrying out a Project in the area of Banking Technology only. The minimum duration of the Project is two months
- The list of projects on offer during the summer of 2019 can be accessed here
- Students from the above Institutions interested to carry out any of the projects from the above list may apply to the Institute for Project Traineeship, clearly indicating their choice of projects. Students may indicate up to two projects in their order of preference and may apply for the “IDRBT Project Trainee Scheme” (IPTS) with the following:
- A Cover Letter
- A Detailed CV including the memorandum of marks in their area of specialization
- Name of two projects, in order of preference
- Letter of Recommendation from the student’s Institution
- No Objection Certificate (NOC) from their respective Institution.
- The Institute will scrutinize the applications received and the selected candidates shall be informed by the Institute
- There shall be continuous monitoring of the Project by the Faculty/Project Guide and the Institute would evaluate the progress/benefits, etc., of the project
- On completion of the Project, the Trainee shall make a presentation on the Project
- The Project Trainee shall also submit a report/working prototype/model to the Institute’s Library
- The Project Trainees Reports are published on the Institute’s website after a year
- IDRBT shall be free to use all the research and academic output as may be appropriately decided by the Institute
- The Institute pays a stipend of Rs.7,000/- (Rupees Seven Thousand only) per month to the selected Project Trainees. In addition, the Institute provides the following facilities to the Project Trainees:
- Free Shared Accommodation Facility at the Institute’s Quarters at Begumpet
- Free Lunch and Dinner Facility in the Institute’s Canteen
- Library Facility during the working hours of the Institute.
How to apply
Applications may be sent by post/email to the address/email ID given below.
Last date of receipt of Applications for IDRBT Project Trainee Scheme (IPTS – Summer 2019) is March 31, 2019.
IDRBT Project Trainee Scheme (IPTS)
Institute for Development and Research in Banking Technology
Castle Hills, Road No.1, Masab Tank,
EPABX: +91 (40) 2329 4000/4999
Fax: +91 (40) 2353 5157
For official website, click here.