SIB PO PGBDF Recruitment 2019: Apply Online

SIB PO PGBDF Recruitment 2019: Apply Online

The South Indian Bank Ltd., A Premier Commercial Bank in India, invites applications from young vibrant candidates for the Recruitment of Probationary Officers in Scale-I Cadre on successful completion of Post Graduate Diploma in Banking & Finance (PGDBF) Programme in Banking and Finance programme in Manipal Global Education Services Pvt. Ltd. (MaGE), Bangalore.

Interested and eligible candidates are advised to read the Notification carefully before applying online on or before 16th December 2018.

SIB PO PGDBF 2019 - Important Date:

Online Application – Start Date: 10.12.2018

Online Application – End Date: 16.12.2018

Online Test: 29.12.2018

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PGDBF Programme - Admission & Placement Details:

Admission to the One-year full-time postgraduate diploma programme in Banking and Finance from Manipal Academy of Higher Education(MAHE) (Deemed to be University) to be conducted at Manipal Global Education Services Pvt. Ltd, Bangalore (MaGE) comes with the assured Banking career with South Indian Bank on successful completion of the course.

Course Duration: 1 Year

Note: 8-months residential campus programme at the Manipal Global Education Services Pvt. Ltd, Bangalore (MaGE) and 4 months’ internship at Bank Branch

The students will be paid a sum of Rs 3,000/- p.m for 8 months classroom training and an amount of Rs 15,000/- p.m during internship period of 4 months.

On successful completion of the programme within the stipulated time period, the candidates would be offered appointment in the bank as Probationary Officer in Scale-I.


Program Fee:

The fees for this Programme will be Rs. 3.50 lakhs (all inclusive of boarding, Lodging [during the programme period] and programme fees, other fees, etc.) plus taxes, as applicable to be paid by the student.

For FINANCING/ LOAN OPTIONS for the Program Fee Payment, Check Official Notification.


LOYALTY BONUS:

The loyalty bonus of Rs.3,50,000/- shall be paid to the officers as annual installments from the end of the 5th year up to the end of 10th of the year of continuous service in the Bank based on the satisfactory performance of the candidates and recommendation from the Performance Evaluation Committee.

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SIB PO PGDBF 2019 - Post & Vacancy Details:

Name of the Post: Probationary Officers in Scale-I Cadre

Number of Vacancies: Not mentioned

Pay Scale: IBA approved – Rs. 23700– 980/7 – 30560- 1145/2 – 32850- 1310/7 – 42020 plus DA, HRA & other allowances (likely to be revised). Eligible for Performance Linked Incentive applicable to Scale I officers.

Probation Period: The period of probation is 2 years (inclusive of one-year programme period). Confirmation will be subject to satisfactory performance during probation.

Posting Location: Anywhere in India decided by the Bank.

SIB PO PGDBF 2019 - ELIGIBILITY:

Age Limit:

Not more than 25 years as on 30.11.2018. (Candidate should be born not earlier than 01.12.1993 and not later than 30.11.1999)

Upper age limit will be relaxed by 5 years in the case of SC/ST candidates.


Educational Qualification:           

X / SSLC, XII / HSC & Graduation with minimum 60 % marks under regular course (as on 30.11.2018).


Conditions:

Candidates who are meeting the requisite educational qualification as on 30.11.2018 only will be eligible to apply.

Candidate should have passed X, XII, and Graduation under regular programme (full-time course) from a recognized University/ Institute recognized by the Govt. of India.

Educational qualification by mode of distance education will not be considered.

If Grade/ CGPA is awarded instead of marks, only candidates securing CGPA/ Grade equivalent to 60% or more may apply. The equivalent percentage should be mentioned at the time of application.

(Percentage conversion certificate to be provided if the grading system is followed in graduation)

Note: Those who have scored less than an aggregate of minimum 60% marks will not be eligible for applying. Rounding off to the nearest integer is not allowed. (for e.g. 59.99 % cannot be rounded off to 60%)

 

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SIB PO PGDBF 2019 - APPLICATION FEE:

General Category: Rs. 800/-

SC/ST category: Rs. 200/-

*Excluding GST and other charges

SIB PO PGDBF 2019 - MODE OF SELECTION:

Online Test, Group Discussion and Personal Interview

Final Selection will be based on the consolidated marks obtained for the online test, GD and Personal Interview.

SIB PO PGDBF 2019 – Exam Pattern

No. Name of Tests No. of Qs. Max. Marks Duration (Separately timed)
1 Reasoning & Computer Aptitude 35 35 35 minutes
2 General/ Economy/ Banking Awareness 35 35 15 minutes
3 English Language 35 35 35 minutes
4 Quantitative Ability & Data Interpretations 35 35 35 minutes
  Total 140 140 120 minutes

There will be 0.25 penalty for wrong answers. Tests will be made available only in English

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