To discourage employees from job hopping & bring down attrition rate – banks such as Bank of Baroda, Andhra Bank, ICICI Bank, Axis Bank & Federal Bank had tied-up with Manipal University for PO training cum recruitment program.
United Bank of India has joined that list with this announcement.The important thing, however is – IBPS bank PO exam scores are not required to take part in this recruitment.
| All those who successfully complete the course shall be awarded Post graduate diploma in Banking & Finance & appointed as Probationary Officer (PO – scale I) in United bank of India. |
The bank has planned to admit one batch comprising of 100 students for the PG diploma course in NIIT university, under following categories
Salary: The payscale of those chosen as PO is Rs.23,700 – 42,020 with the total emoluments including all allowances, benefits etc at Rs.6.50 lakhs/ annum.
The starting salary in united bank of india for POs shall be approximately Rs.35,000/ month
Registration of online applications & fee payment – June 26 to July 12, 2016
Online examination on August 7th
The eligibility conditions to apply for united bank of india – NIIT university PO recruitment programme are very simple.
Applicants must satisfy each one of the conditions below,
Individuals who are waiting for results OR currently in their final year/ semester are not eligible to apply.
The seletion process consists of an online test, personal interview & group discussion. The online written exam to be held on August 6th, is similar to IBPS PO main exam with the below sections:
The bank shall fix certain cutoff marks for each section & on total scores, based on which candidates will be shortlisted for interview/GD.
Do not forget about negative marks as each wrong answer will result in reduction of 0.25 marks.
The PG diploma course duration is 12 months which is also your training period.It involves two stages,
| 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 UBI |
The important features of this programme are:
1) The cost of undergoing this course at NIIT university is Rs.3.20 lacs which will can be financed by availing an educational loan from united bank of india.
The fees includes lodging, boarding, course material, lab charges/ practical, medical services, examination fees, certificate fees etc.
2) The EMI repayment for this loan shall begin after you join as officer.The amount would be deducted from your salary for 60 months.
3) Service Bond: Selected candidates must sign a bond agreeing to serve the back for a minimum of 2 years from date of joining as PO.
Incase of quiting before end of bond period, the individual must repay the entire stipend amount + outstanding loan balance including interest + Rs.2 lakhs towards training cost.
4) Incentive & Bonus: At the end of 5 years of your service, bank shall refund the entire loan amount & additional incentive may be paid after completing 7 years with them as loyalty bonus.
The application fee of Rs.700 (gen/obc/exsm) & Rs.100 (sc/st/pwd) must be paid while filling the online application form before July 12.
Remember to take a print of the of the e-receipt & completed application form for future reference.
Before registering for United Bank of India (UBI) & NIIT university`s PO recruitment cum training programme, read their official notification from their website here
The online application form can be accessed from this webpage here.