Indian Bank PO Recruitment 2017 is announced in association with Manipal Global Education Services for Post Graduate Diploma in Banking and Finance (PGDBF) degree & PO job.To discourage employees from job hopping & bring down attrition rate many private companies follow several measures.Now public sector banks too have jumped in line to retain their workforce.
Candidates who successfully complete the training in ‘Indian Bank Manipal School of Banking’ are awarded PG diploma & appointed as Probationary officers (scale I) in Indian Bank.
IBPS (Institute of Banking Personnel Selection) conducts selections for recruitment of PO jobs in public sector banks.But Indian Bank did not allot any vacancies for IBPS PO exam qualifers for the past two years.
Vacancies
The bank has planned to admit one batch comprising of 324 students for this training-cum-recruitment process, in the following categories:
Events Calendar:
Registration of online applications – December 6 to 22, 2016
Written exam (prelims) – January 22, 2017
Main examination – February 28, 2017
Who are Eligible:
CRITERIA MODIFIED ON DEC 11: The eligibility conditions to apply for this Indian bank PO recruitment 2017 are very simple & applicants must satisfy each one of the below,
IBPS PO exam scores are NOT necessary.So individuals who couldn’t pass in it are also eligible to apply.
Selection Criteria:
As part of the selection procedure for Indian bank PO recruitment, all eligible applicants must appear for a preliminary examination.Qualifers of prelims need to takeup mains exam on
The exam pattern is not something different & is quite similar to that of IBPS PO.
A candidate should qualify both in the Online Examination (Preliminary & Main) and Interview and be sufficiently high in the merit list for final allotment.
Job on Training Completion:
The PG diploma course duration is 12 months which is also your training period.It involves two stages,
- 9 month classroom training at Manipal Global Education Services, Bangalore
- 3 month internship at Indian Bank branches
| On completion of 12 months training, the trainees shall be awarded Post graduate diploma in banking & finance along with their appointment letter to work as PO in Indian Bank with salary of Rs.32,000 – 35,000 /month (approx) |
The cost of undergoing this course at Manipal global is Rs.3.50 lacs (inclusive of boarding, Lodging and course fees, other fees, etc.) which can be paid through an educational loan provided by the bank.
Service Bond: Repayment of educational loan shall start only after training, which is after the candidates become an officer in bank.
Since EMI`s will be deducted from the salary for a period of 84 months, candidates should work with the bank for 7 years.
Loan Refund: Indian bank shall refund the loan amount from 6th year onwards @ the rate of 20% every year.
Therefore if you stay with the bank for 10 years, you can get back the entire loan amount paid.
How to Apply:
The application fee of Rs.600 (gen/obc) & Rs.100 (sc/st/pwd) must be paid through online mode, after completing the application procedure.
- Visit indianbank.co.in & click on “PGDBF PROGRAMME 2017-18” link
- Submit your online application & make a note of the generated registration number and password (email/ sms may be sent)
Once the registration is completed, candidates cannot edit or modify their details.So make sure to enter the correct details while entering the form for the first time itself.
Download Notice:
Those interested to apply for Indian Bank Manipal PO recruitment 2017, read the official notification from their website here (pdf)
For online application link – click here