SEBI ITD Internship Program(SEBIITDIP)

Overview

About SEBIITDIP

The SEBI ITD Internship Program pays a monthly stipend that runs from Rs 25,000 to Rs 50,000 depending on how many days a week you sit at SEBI, and the money is not the surprising part (SEBI ITD Internship Program 2022). The surprising part is that you cannot apply. Every round of this program has been opened as an invitation to colleges, and the college is the party that files. A student who reads the scheme listing as an individual application form will wait for a form that does not exist.

ITD is the Information Technology Department of the Securities and Exchange Board of India, the internal department that builds and maintains the IT infrastructure behind SEBI's market surveillance and behind the systems that interface with mutual funds, brokers, portfolio managers and investment advisers. Its internship is not a general SEBI internship. Interns are placed on IT work, and the notice names the categories: information technology projects, data analytics, regulatory business processes and reporting, and FinTech (SEBI ITD Internship Program 2022).

The terms most pages quote are the oldest ones SEBI wrote. The scheme listing on myScheme reproduces the December 2019 invitation, which capped the program at up to 15 interns a year and confined it to institutes based in and around Mumbai (2019 invitation). SEBI has issued two invitations since, and between them they moved four points a student would act on. The March 2021 round cut the intake to up to 10 and quietly deleted the Mumbai clause, so an institute anywhere in the country could put candidates forward (SEBI ITD Internship Program 2021). The June 2022 round then added MTech alongside MBA and MCA as a qualifying postgraduate degree, and opened a full-time six-month pattern carrying its own stipend slab (SEBI ITD Internship Program 2022).

Read the 2022 document as the governing text. It is the most recent statement SEBI has made about this program, and everything below is drawn from it unless an older round is named.

Who runs it

Provider

At a glance

Key details

Calendar

Important dates

Three rounds have been invited, and SEBI's careers listing carries no ITD invitation after the 2022 one. As of September 2026, no round is open, and the most recent deadline closed in August 2022. Treat the terms below as the record of how this program has run, not as a live calendar.

Both later rounds were extended by about a fortnight after the original deadline, the 2021 one because of the COVID-19 resurgence and the restrictions that came with it (2021 extension of timeline). If a fourth round appears, an institute that misses the first date has historically had a second chance, though nothing in the notice promises one.

Who can apply

Eligibility criteria

The candidate conditions in the 2022 notice are joined by "and", so all of them apply at once. You must be a student currently pursuing a full-time MBA, MCA or MTech, or an equivalent degree or diploma of two years' duration, at an institute that has itself entered the program. Separately, you must already hold a full-time graduate degree in engineering or a BCA (SEBI ITD Internship Program 2022).

That pairing is stricter than it looks. A BSc or BCom graduate who is now doing an MCA does not clear it, because the graduate degree itself has to be engineering or BCA. Nor does an engineering graduate who is not enrolled in a two-year postgraduate programme, because the internship is built to run alongside a course and to earn academic credit inside it.

On marks and age, the 2022 notice asks for a minimum 60% aggregate at graduate level or the equivalent CGPA, and an age of not more than 30 years as on the first of January of the programme year. The candidate must be an Indian citizen. SEBI wants a strong aptitude for computer programming and data analytics; it treats an understanding of financial markets as desirable rather than mandatory, which is a deliberate opening for a pure technology student (SEBI ITD Internship Program 2022).

Your institute has its own bar to clear. It must offer an AICTE-recognised full-time MBA, MCA or MTech of two years' duration, and be recognised by or affiliated to a UGC-recognised university or a body set up under an Act of Parliament, or established by the central or a state government, or an autonomous institute under government administrative control. It must also agree to restructure the course so the internship fits and to award academic credit for it.

Who cannot apply

Exclusions

Because the conditions are cumulative, a single miss ends the route rather than reducing your chances. A student over 30 on the cut-off date, a foreign national, a graduate degree outside engineering and BCA, an aggregate below 60% and a postgraduate programme shorter than two years each close it on their own.

The larger exclusion is structural. If your institute does not file an expression of interest, you are outside the program no matter how well you match the candidate criteria, and there is no individual route around that. SEBI also reserves the right to reject any eligible institute or candidate without assigning a reason, so clearing every condition is not the same as being considered (SEBI ITD Internship Program 2022).

Continuation

Renewal conditions

The engagement is one contiguous block with a floor and no stated ceiling: minimum six months if you take the full-time option, minimum one year if you take the three-days-a-week option. The notice sets no procedure for extending an internship once that block ends, and each intake has come from a fresh invitation to institutes rather than from a rollover of the previous year's interns.

SEBI holds the opposite power explicitly. It may modify the terms, suspend or terminate an intern or an institute, or discontinue the program altogether, without assigning a reason (SEBI ITD Internship Program 2022).

What you get

Award & benefits

The stipend is tied to how much of your week SEBI gets, and the 2022 notice sets three slabs.

The full-time slab is the addition that the older scheme listing does not carry, and it is the reason a student reading only the 2019 terms will think the ceiling is lower than it is.

Around the stipend sit four non-cash items: unfurnished shared accommodation for outstation candidates subject to availability, the public holidays SEBI observes, lunch at the SEBI office, and a certificate of completion issued by SEBI. Two of those come with a catch worth knowing in advance. If the accommodation is not available, SEBI pays nothing in its place, and no travel allowance is provided whatever the distance between your institute and Mumbai. Income tax is deducted at source, SEBI accepts no liability for death, injury or illness during the engagement, and interns are told to arrange their own insurance (SEBI ITD Internship Program 2022).

There is a fifth benefit that is easy to miss because it is not paid by SEBI. Your institute awards academic credit for the internship, and it does so on the strength of the performance assessment report SEBI sends it. You are not asked to submit a dissertation or a project report to SEBI; SEBI writes the assessment, and the credit follows from it.

• For interns working 3 days in a week: 25,000
• For interns working 4 days in a week: 30,000
• For interns working 3 days in a week: 9
• For interns working 4 days in a week: 12
• Unfurnished shared accommodation only for outstation candidates, subject to availability
• A certificate of completion of internship program by SEBI.
• Public holidays as observed by SEBI.
• Lunch at SEBI office.

What to prepare

Documents required

Your part is a single document: the candidate profile in the Annexure 2 format, handed to your institute rather than posted to SEBI yourself. It is more demanding than a resume. It asks for age in years and months, nationality, your postgraduate and graduate qualifications with institute, stream, GPA or percentage and your rank in each, certifications, work experience broken into roles and accomplishments with joining and relieving months, the programming languages, databases and data analytics tools you know, your key projects and volunteering, and a signed undertaking (SEBI ITD Internship Program 2022).

The institute's file is separate. It sends the Annexure 1 expression of interest, the documents certifying its recognition and the course, a month-wise estimate of the days its students will spend at SEBI across the year where it picks the days-a-week pattern, the candidate profiles, and an Annexure 3 summary of those profiles on the spreadsheet SEBI publishes for the purpose, mailed as a soft copy to itdinternship@sebi.gov.in. SEBI would prefer at least ten profiles in one submission.

One more document arrives only if you are selected: a declaration of secrecy in SEBI's prescribed format, which has to be furnished before the internship begins.

Step by step

How to apply

The document that reaches SEBI is written on your institute's letterhead. Its authorised signatory stamps an Annexure 1 addressed to the Chief General Manager, Information Technology Department at SEBI Bhavan in Bandra Kurla Complex, declaring that the course is AICTE-recognised, ticking which of the two internship patterns the institute will restructure the course around, and undertaking to award academic credit off SEBI's assessment report. Your candidate profile travels as an enclosure to that letter, and the letter is what counts as the application for every candidate named in it (SEBI ITD Internship Program 2022).

So your first move is not an application at all. It is finding out whether your placement or training cell knows about the program and intends to file when the next invitation appears. If it does not, ask it to, because the notice is addressed to institutes and the door only opens from that side.

Tracking works the same way, and this is the part students get wrong. SEBI intimates the respective institutes about the selected candidates, not the candidates directly, so there is no status page to refresh. Annexure 1 requires the institute to name one person as the nodal point of communication with SEBI and to give that person's phone number and email; that named person is who you follow up with. For anything the institute cannot answer, the notice gives a direct address for clarifications, itdinternship@sebi.gov.in. To catch the next round yourself, watch the Young Professional Program and Internship page on SEBI's careers site, which is where all three invitations were published (SEBI careers listing).

How winners are picked

Selection process

SEBI shortlists twice, and the first cut is not about you. It scrutinises the expressions of interest and shortlists institutes, weighing their National Institutional Ranking Framework position or other widely followed rankings, how many eligible candidates they put forward, and the quality of those profiles. A strong candidate at an institute that does not make this cut does not proceed (SEBI ITD Internship Program 2022).

The second cut is individual, and it reads off the Annexure 2 fields: academic performance, relevant work experience, knowledge of programming languages, databases and data analytics tools, and your relative rank within your class or batch. That last one is why the form asks for a rank and not only a percentage.

Shortlisted candidates are then called for interviews at SEBI Head Office, at their own cost. There is no written test in the notice. The interview is assessed on demonstrated computer programming, problem solving and data analytics, alongside soft skills such as communication. SEBI then informs the institutes which candidates it has selected.

Fine print

Terms & conditions

Confidentiality is the condition SEBI states first and hardest. Internal data shared with an intern remains SEBI's property, interns are barred from making any personal use of it, and the declaration of secrecy has to be signed before the internship starts.

The intellectual property clause is a later addition, and it is missing from the version myScheme carries. The December 2019 invitation put a data privacy heading over that paragraph and stopped there (2019 invitation). From the March 2021 round onwards SEBI is entitled to all intellectual property and proprietary rights, including patents, copyrights and trademarks, in the products, processes, inventions, ideas, know-how and documents an intern develops as part of the engagement (SEBI ITD Internship Program 2021). Build a model or a tool during your months at ITD and it belongs to SEBI.

Interns are also bound by SEBI's code of conduct, and the notice is blunt about what the internship is not: a selected candidate has no right or claim to placement or employment at SEBI by virtue of having interned there. Liability for non-compliance with any applicable law sits with the institute, not with SEBI.

Get help

Contact

Correspondence goes to the Chief General Manager, Information Technology Department, SEBI Bhavan, C4-A, G Block, Bandra Kurla Complex, Bandra (East), Mumbai 400051, Maharashtra, India. Clarifications about the program are invited by email at itdinternship@sebi.gov.in (SEBI ITD Internship Program 2022).

Source

Official links

Frequently asked questions

From the official scheme FAQ (myScheme)

Read this

Disclaimer

Disclaimer

Scheme details are compiled from myScheme, the Government of India’s official scheme-discovery platform, and are reproduced without alteration. Amounts, deadlines and eligibility change between cycles, so always confirm on the official links above before applying. Expertie does not process applications or charge fees.

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References

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