Candidates getting shortlisted from the Recruitment Procedure should undergo a course offered by Manipal School of Banking. The complete details of the course can be found below.
The selected students will go through a nine-month (Campus programme) Course at Indian Bank Manipal School of Banking, Bangalore followed by a three months internship at any of the Branch conducting the Recruitment.
The course and the curriculum are specially structured to meet Indian Bank’s needs and requirements. Apart from General Management subjects, the curriculum will include courses related to Banking areas.
The Post-Graduate Diploma in Banking and Finance (PGDBF) would be a one-year programme comprising of four trimesters. First three trimesters would be conducted at IBMSB, Bangalore. The fourth trimester would be devoted to internship to be pursued by the participant at designated branches of the Bank conducting the Recruitment.
The course consists of 9 months on-campus program, on completion of which the candidate would be awarded a Post Graduate Certificate in Banking & Finance and will be offered appointment in the Bank as Probationary Officer in Junior Management Grade / Scale-I.
However, immediately after joining the Bank, a -3- (three) months’ Work Integrated Learning (WIL) in the form of On the Job Training will have to be carried out by the candidate at the Bank, the completion of which will lead to the award of a Post-Graduate Diploma in Banking & Finance (PGDBF) by Manipal University.
The fees for this Course will be Rs. 3, 45, 000/- (all inclusive of boarding, Lodging and course fees, other fees, etc.) plus applicable taxes to be paid by the student.
Apart from the above course fees, the exam fees for undergoing various Certification exams viz. NISM (Mutual Funds) and NISM (Depository services) as mandated under the course will have to be borne by the candidates, as per the fees charged by NISM from time to time for conducting these Certification exams. Currently, the fees for NISM (Mutual Funds) and NISM (Depository services) certification exams comes to Rs. 2500/- per candidate
Students can finance the course fees by availing an Education Loan which will be granted by the Bank conducting the recruitment at a highly concessional rate of interest of 8% p.a. Students can therefore obtain a high quality specialized course in Banking and Finance without any monetary burden on them and fully financed by the Bank.
The EMIs for the loan would start on completion of the course duration (i.e. one year from admission). There would be no recovery of EMIs or interest during the training period and the interest accrued during this period would be recovered along with the normal EMIs. The EMIs are spread over a period of 84 months (7 years) to ensure that there is minimal impact in the monthly earnings of the PO.
The selected candidates can also avail loan for purchase of Laptop to the maximum limit of Rs. 35,000/-, if the student wishes to do so. Actual cost of purchasing a laptop or Rs. 35,000/-, whichever is lower (in case the candidate is desirous of purchasing a laptop) will be financed as loan to the selected candidates.
After completion of 5 years of active service in the Bank, the course fee of Rs. 3, 45, 000/- shall be reimbursed by the Bank as ‘Loyalty Bonus’ to the officer who pass out from Baroda Manipal School of Banking.
On successful completion of the programme, a Postgraduate Diploma in Banking and Finance will be conferred on the participant by Manipal Academy of Higher Education (deemed to be University registered under UGC). However, for the award of the postgraduate diploma, a participant has to fulfill the following requirements:
He / she should have taken and passed in each course of study as prescribed in the curriculum to earn at least the minimum number of credits specified for that particular course.
The participant acquires not less than the minimum required credits at the end of the programme.
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