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Indian Bank PO PGDBF Programme 2018

Indian Bank PO PGDBF Programme 2018

Many of you might be in a chaos knowing the recruitment notification of Indian Bank for the post of Probationary Officer via Manipal School of Banking. A total of 417 vacancies are to be filled by this recruitment. Working as a bank PO or Probationary Officer is not only prestigious but also come with lucrative salary, perquisites and other benefits. In this article, we have shared the complete selection procedure of a PO In Indian bank. Being one of the oldest private banks in India, Indian Bank provides many convenience. Indian Bank seems tightened the selection procedure this time. Check out the Selection Procedure here.

Indian Bank PO Exam Pattern 2018

Since the notification has already been released, thus it is very important for you to go through the exam pattern. There are mainly 3 stages in the Indian Bank PO Exam Pattern:

  • Prelims Exam
  • Mains Exam
  • Interview

There is not much change in the Prelims exam pattern. This time Indian Bank has introduced certain changes in the Mains exam pattern. Go through our article on Indian Bank PO exam pattern for more details.

Indian Bank PO PGDBF Programme Information:

The selected students will go through a nine-month Course at Indian Bank Manipal School of Banking, Bangalore followed by a three months internship at any of the Indian Bank Branches. 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 compulsory 3-months internship at any of Indian Bank Branches will enable them as on-job trainee, which will give them a real-life work experience.
  • During the training candidates will have to enroll and complete compulsory e-learning module of Indian Institute of Banking & Finance (IIBF) and qualify themselves.

i) Campus

The program offered at Indian Bank Manipal School of Banking (IBMSB) is fully residential and the participants will have to necessarily stay in the campus. Apart from professional studies, the campus life would be an essential part of the training of the participants

ii) Curriculum

The Post-Graduate Diploma in Banking and Finance (PGDBF) would be a one-year program 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 Indian Bank.

iii) Program Delivery

Classes will be held 5 days a week from Monday to Friday with Saturday devoted to E-learning and Sunday being a weekly holiday. Formal class room sessions will be of 75 minutes duration. There will be 6 sessions on each day. Program delivery will be in the form of class room lectures, tutorial discussions, seminars, laboratory work, assignments, case studies, library research projects and other exercises. Considerable emphasis will be placed on self learning by the participants. Apart from the regular classes, the participants would be required to take part in additional curricular and extracurricular activities. Co-curricular activities will form an essential part of the learning process.

iv) Attendance Requirement

It is mandatory for all participants to take part in all curricular and co-curricular activities. They would be required to attend all classes i.e., 100% attendance is mandatory. Leave of absence would be given only on extreme compassionate grounds with the specific permission of the Competent Authority/Officer In-charge.

v) Fee Structure and Educational Loan Facility

The fees for the Course will be Rs.3,50,000 (Rupees Three Lakhs and Fifty Thousand) plus taxes (all inclusive of boarding, Lodging and course fees, other fees, etc.), as applicable, payable to Manipal Global Education Services. The Bank will extend its Educational Loan facility to all the selected candidates on the terms and conditions as applicable to Educational Loan Scheme of the Bank.

The first EMI for the Educational loan availed is payable one month after completion of the course (i.e. one month and one year from admission). There would be no recovery of EMIs or interest during the training period and the interest accrued during this course period would be recovered along with the normal EMIs. The EMIs are spread over a period of 84 months (7 years). Bank may consider refunding of interest/loan either in its entirety or portions in a deferred manner at the rate of 20% each year in annual installments starting from the end of the fifth year if he/she continues in service with the Bank. Since the candidates will be staying away from Home and in Hostel, they are encouraged to take the appropriate medical insurance policy to cover themselves.

VI) Award of Post- Graduate Diploma

On successful completion of the program, 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 program.
  • The participant satisfactorily fulfills other academic requirements (as specified in the course of Study/ curriculum) like practical training, work visits, seminar, project etc. and completes the internship program.

Final Placement at Indian Bank

All the candidates who complete the ―POST GRADUATE DIPLOMA IN BANKING AND FINANCE and are awarded the Diploma will be eligible for appointment in JMG I as Probationary officers in Indian Bank. They will be fixed in starting pay scale as applicable to JMGS I Officer. The pay scale of Indian Bank PO PGDBF Programme has not been revealed yet in the official notification.