SBI Summer Internship 2024: For Students,[Stipend Rs. Rs 70k] Apply Now

We are calling all ambitious college students! Are you passionate about finance and eager to gain a foothold in the dynamic world of banking? Look no further than the prestigious SBI Summer Internship 2024.

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SBI Summer Internship 2024: For Students,[Stipend Rs. Rs 70k] Apply Now

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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 47th 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 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.[17]

On 14 September 2022, State Bank of India became the third lender (after HDFC Bank and ICICI Bank) and the seventh Indian company to cross the ₹5 lakh crore market capitalisation on the Indian stock exchanges for the first time. The largest public lender in the country reached a milestone on April 2024, when its market capitalisation surpassed ₹7 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. The Bank of Madras merged with the other two presidential banks in British India, the Bank of Calcutta and the Bank of Bombay, to form the Imperial Bank of India, which became the State Bank of India in 1955. Overall the bank has been formed from the merger and acquisition of more than twenty banks throughout its 200-year history. The Government of India took control of the Imperial Bank of India in 1955, with the Reserve Bank of India (India’s central bank) taking a 60% stake, renaming it the State Bank of India.

About the SBI Summer Internship

The SBI Youth for India Internship is offered to bright young minds who are Citizens of India, Overseas Citizens of India (OCI), and Citizens of Nepal/Bhutan. It provides an opportunity for them to live and work with rural communities and contribute towards solving pressing rural development challenges. The Internship builds young leaders who undergo a transformative journey by learning from the challenges of rural India. These leaders collaborate with NGO partners, local government, and the community to develop and sustain grassroots-level initiatives.

Eligibility Criteria

The SBI Youth for India Internship is offered to bright young minds who are Citizens of India, Overseas Citizens of India (OCI), and Citizens of Nepal/Bhutan.

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Role and Responsibility

How will this project impact the society?

The program aims to promote a more equitable and sustainable development model for India. By encouraging young people to work in rural areas, we hope to reduce the rural-urban divide and promote a more inclusive growth trajectory for the country. This can lead to the creation of more balanced and resilient communities, which are better equipped to deal with social, economic, and environmental challenges.

The impact of the Internship on society is also contingent on several factors, such as the local context, community participation, and sustainability of interventions. We work closely with our partner organisations and community stakeholders to ensure that the projects and initiatives implemented by the Fellows are context-specific and aligned with the needs and priorities of the communities they work with.

Application Process

Registration & Online Assessment: Candidates should submit the online application form, which includes personal details, educational qualifications, work experience, and questions related to personal life experiences.

Shortlisting: The shortlisted candidates are invited for a personal interview to assess their suitability for the program.

Selection: The final selection is based on the candidate’s performance in the online assessment, personal interview and their overall suitability for the program.

Acceptance and Joining: The selected candidates receive an offer letter, and they need to confirm their acceptance of the offer within a stipulated time. After accepting the offer, they attend an orientation program and join the Fellowship.


Monthly allowance of Rs 15000 for the duration of the program to meet your living expenses.

Monthly allowance of Rs 1000 for the duration of the program to meet your transportation expenses.

Monthly allowance of Rs 1000 for the duration of the program to meet your project-related expenses.

A dedicated provision for language support will be provided at the location.

Readjustment allowance of Rs 70000 on successful and satisfactory completion of the Internship.

The cost of 3AC train fare from your residence to the project site as well as expenses on travel to training programs will be covered.

A health and personal accident insurance policy will also be provided.

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How To Apply?

If you are an Interested Candidate You can apply For the SBI Summer Internship Click Here

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Who can apply for the SBI Summer Internship?

The SBI Summer Internship is open to undergraduate and postgraduate students pursuing relevant fields like Commerce, Finance, Economics, Management, or related disciplines. Specific eligibility criteria and academic qualifications might vary depending on the year.

How do I apply for the SBI Summer Internship?

The application process is likely to be conducted online through the official SBI website.

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