On 29th August 2025, we the students of B.Com LLB and BBA LLB from St. Joseph’s College of Law had the unique opportunity to visit the Reserve Bank of India (RBI). The educational visit aimed to provide us with deeper insights into the functions, regulatory role, and contemporary challenges of the RBI, while also making us aware of practical aspects of banking and career opportunities.

The first session was conducted by Mr. Joseph, who gave us a comprehensive overview of the functions and working of the RBI. Some of the key highlights included:
• Historical Background: RBI was established on 1st April 1935 as a joint stock company and later nationalized in 1949.
• Role of RBI: Explained as both a regulator and a facilitator of the Indian financial system.
• Banking Ombudsman Scheme: A system for grievance redressal in banking services.
• Digital Banking & e-Rupee: Detailed explanation of RBI’s steps towards digital transformation, including the introduction of the e-Rupee.

Career Opportunities: Information about internships for both law and non-law students, summer opportunities, permanent job prospects, and the work-life culture at RBI.

Session II – Awareness on Financial Frauds
The second session was conducted by Mr. Chethan, who focused on digital awareness, financial frauds, and safe banking practices. His talk was highly practical and relevant in today’s digital world. Some of the key points included:
• Digital Arrest Scams: Awareness about new methods of fraud and how to identify and avoid them.
• Illegal Stock Market Apps & Fake Job Offers: Importance of verifying sources and not falling into traps.
• Security Measures:
• Do not save passwords on devices.
• Activate two-step verification for accounts.
• Set limits on withdrawals and card transactions to minimize loss in case of fraud.
• Responsible Borrowing: Avoid borrowing beyond one’s capacity, and always read the terms and conditions of borrowing carefully.
• Nominee in Bank Accounts: Importance of nominating a family member to prevent complications in case of emergencies.
• Money Mules: Warning against unknowingly becoming a channel for fraudulent money transfers.

This session strongly emphasized the need for financial literacy and personal vigilance to protect oneself from cybercrimes and fraudulent practices.

The educational visit concluded with a brief address by Ms. Sunita, who expressed her appreciation for our active participation throughout the sessions. She encouraged us to explore the internship programs and job opportunities offered by the RBI and mentioned that she looks forward to possibly working with some of us in the future.

The visit to RBI was an enriching and eye-opening experience, bridging classroom knowledge with real-world applications. It not only deepened our understanding of the functions and role of the RBI, but also equipped us with essential awareness on digital safety, fraud prevention, and responsible banking.

Overall, this visit inspired us to look at the financial world more critically and to explore opportunities where law, finance, and technology intersect.