South Indian Bank PGDBF PO Recruitment Notification

Dear Aspirants,
South Indian Bank invites young vibrant candidates who fulfill the eligibility criteria specified and who are interested in Banking career with one of India’s premier commercial Banks to apply for admissions to the one year Post Graduate Diploma in Banking and Finance course in Manipal Global Education Services Pvt. Ltd. (MaGE), Bangalore.

On successful completion of the course within the stipulated time period, the candidates would be offered appointment in the bank as Probationary Officer in Scale-I. Candidates shall be selected through the selection process consisting of the online test followed by Group Discussion or/and Personal Interview. Admission to the One-year full-time postgraduate diploma course 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.

Eligible Candidates are requested to apply ONLINE through Bank’s website www.southindianbank.com. No other means/modes of applications will be accepted. Before the registration, candidates are requested to ensure that there is a valid email id in his/her name. All future communications in this regard will be notified in our website including call letter for the Online Test, Group Discussion and Personal Interview.

ELIGIBILITY:
Educational Qualification as on 30.11.2018
X/ SSLC, XII/ HSC & Graduation with minimum 60% marks under regular course.
Age
Less than 25 years as on 30.11.2018. Candidate should be born not earlier than 01.12.1993 and not later than 31.12.1999 (both days inclusive). Upper age limit will be relaxed by 5 years in the case of SC/ST candidates.

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 course (full-time course) from a recognised University/ Institute recognised 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.
• Those who have scored less than 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 % )

PROGRAMME AND COURSE FEE:
The selected candidates shall undergo 8-months residential campus programme at the Manipal Global Education Services Pvt. Ltd, Bangalore (MaGE) and 4 months’ internship at Bank Branch. During the Campus programme, a well-structured syllabus is designed to meet the skill sets as required and to identify candidates in areas of their excellence. On successful completion of the programme, the candidates may be awarded Post Graduate Diploma in Banking & Finance by Manipal Academy of Higher Education (MAHE) and will be absorbed to the services of the Bank as Probationary Officer in Scale I cadre. The fees for this Course will be Rs. 3.50 lakhs (all inclusive of boarding, Lodging and course fees, other fees, etc.) plus taxes, as applicable to be paid by the student.

FINANCING/ LOAN OPTIONS:
All the candidates selected for the program will be eligible for availing educational loan facility provided by the Bank. The EMIs for the loan would start from the month of joining the Bank. There would be no recovery of EMIs or interest during the One year course period and the interest accrued during this course period of one year 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 on the monthly earnings of the Probationary Officer.

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

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

PROBATION PERIOD:
The period of probation is 2 years (inclusive of one year course period). Confirmation will be subject to satisfactory performance during probation.

SALARY:
IBA approved pay scale of 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.

POSTING LOCATION:
Posting Location can be anywhere in India at the sole discretion of the Bank

JOB PROFILE:
The selected candidates can be posted in any roles/ profiles at any branches /offices/ departments as per the sole discretion and requirements of the Bank from time to time.
The job role/ profile include branch banking, credit, business development, marketing, forex, treasury, central processing centres etc.

MODE OF SELECTION:
Online Test, Group Discussion and Personal Interview
• Initial Shortlisting will be done based on the online test marks.
• Final Selection will be based on the consolidated marks obtained for the online test, GD and Personal Interview.
• Bank reserves the right to make required modifications in the selection process considering the
number of applications for the post.

Tentative Cities for Online Test:
Hyderabad, Vijayawada, Guwahati, Delhi NCR, Ahmedabad, Bengaluru, Kozhikode, Thiruvananthapuram, Kochi, Mumbai, Pune, Bhopal, Chennai, Coimbatore, Madurai and Kolkata

APPLICATION FEE*:
General Category Rs. 800/-
SC/ST category Rs. 200/-
*Excluding GST and other charges

Exam Pattern:

Tests will be made available on in English

IMPORTANT DATES:
Online Application – Start Date 10.12.2018
Online Application – End Date 16.12.2018
Online Test – 29-12-2018

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