Eligibility: Any Graduate
Baroda - Manipal School of Banking one –year full-time residential Training Programme
This training is in effect a “cashless scheme” for aspiring students into a managerial job and a Banking career. To pursue this course, the interested students will have to invest Rs. 3.15 lacs plus applicable taxes, which will be provided by Bank of Baroda as a subsidized loan at an interest rate of 8% p.a. [Service Tax on the loan amount will be paid by the probationary officer]. On successful completion of the training & internship, the students will be absorbed as Probationary officers in the Bank in Junior Management Grade / scale -I. The EMIs for the loan would start once the POs have joined the bank. There would be no recovery of EMIs or interest during the training period and the interest accrued during this period would be recovered alongwith the normal EMIs. The EMIs are spread over a period of 84 months to ensure that there is minimal impact in the monthly earnings of the PO. On successful completion of 60 months of service, the loan amount of Rs. 3.15 lacs would be paid back to the officer and on completion of 84 months of service, even the notional interest amount upto an amount of Rs. 1 lac would be repaid back to the officer. Thus, while the student is not required to pay any amount at the beginning of the course (if availing education loan), the entire amount (covering even the notional interest amount also) will be reimbursed back to the officer progressively by the time he/she completes 7 years of service in the bank, making it a total cashless scheme to obtain quality Banking and managerial education in the first place and to obtain entry to a lucrative Banking career with one of India’s largest Banks.
Qualification (As on 01.08.2012): Degree in any discipline from a recognized University OR Any equivalent qualification recognized by Central Government. Students appearing in final year degree exams can also apply subject to their submitting their Final Degree Mark sheet & Provisional Certificate on or before 01.08.2012.
Age (As on 01.08.2012): Minimum 21 years, Maximum 30 years
Selection: The selection will be through a multi stage selection process comprising of: a. Aptitude Test (In online mode only) b. Group Discussion c. Interview
Location: Anywhere in India
Job Category: Bank, Govt Sector
Last Date: 21 June 12
Job Category: Bank, Govt Sector
Last Date: 21 June 12
Job Type: Full Time
Hiring Process: Written-test.
Hiring Process: Written-test.
Job Details
Baroda - Manipal School of Banking one –year full-time residential Training Programme
This training is in effect a “cashless scheme” for aspiring students into a managerial job and a Banking career. To pursue this course, the interested students will have to invest Rs. 3.15 lacs plus applicable taxes, which will be provided by Bank of Baroda as a subsidized loan at an interest rate of 8% p.a. [Service Tax on the loan amount will be paid by the probationary officer]. On successful completion of the training & internship, the students will be absorbed as Probationary officers in the Bank in Junior Management Grade / scale -I. The EMIs for the loan would start once the POs have joined the bank. There would be no recovery of EMIs or interest during the training period and the interest accrued during this period would be recovered alongwith the normal EMIs. The EMIs are spread over a period of 84 months to ensure that there is minimal impact in the monthly earnings of the PO. On successful completion of 60 months of service, the loan amount of Rs. 3.15 lacs would be paid back to the officer and on completion of 84 months of service, even the notional interest amount upto an amount of Rs. 1 lac would be repaid back to the officer. Thus, while the student is not required to pay any amount at the beginning of the course (if availing education loan), the entire amount (covering even the notional interest amount also) will be reimbursed back to the officer progressively by the time he/she completes 7 years of service in the bank, making it a total cashless scheme to obtain quality Banking and managerial education in the first place and to obtain entry to a lucrative Banking career with one of India’s largest Banks.
Qualification (As on 01.08.2012): Degree in any discipline from a recognized University OR Any equivalent qualification recognized by Central Government. Students appearing in final year degree exams can also apply subject to their submitting their Final Degree Mark sheet & Provisional Certificate on or before 01.08.2012.
Age (As on 01.08.2012): Minimum 21 years, Maximum 30 years
Selection: The selection will be through a multi stage selection process comprising of: a. Aptitude Test (In online mode only) b. Group Discussion c. Interview
How to apply
Apply online. Last date for submitting applications is 21st June’2012.
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