On successful completion of the course within the stipulated time period, the candidate would be offered appointment in the Bank as Probationary Officer in Junior Management Grade / Scale-I which is presently in the scale of Rs. 23700- 980x7/30560-1145x2/32850-1310x7/42020
They will also be eligible for DA, HRA & CCA, as per rules in force from time to time. At present, the initial yearly emoluments (salary component only) of Junior Management Grade/ Scale-I Officer,
including DA, HRA, CCA are approximately Rs 6.56/- lakhs in a Metropolitan Centre.
Candidates shall be selected through a process consisting of online exam followed by Personal Interview. Interested candidates who fulfil the eligibility criteria may apply online by visiting website www.andhrabank.in during 17.11.2015 to 01.12.2015 and no other mode of application will be accepted.
Admission to the 1 year full-time post graduate diploma course in Banking and Finance from Manipal University comes with the assurance of a full-fledged Banking career with Andhra Bank on successful completion of the course.
Start date for Online Registration 17.11.2015
Online Payment of Application Fees 17.11.2015
Last date for Online Registration 01.12.2015
Download of Call letter for Examination After 10.12.2015
Link to download call letters for PET After 09.12.2015
Conduct of PET 16.12.2015 to 22.12.2015
(excluding 20.12.2015 i.e. Sunday)
Date of Examination 27.12.2015
STUDENT INTAKE (FOR THE SELECTION EXERCISE OF 2016-17)
200 Students will be inducted through this current selection exercise.
Number of Student intake Age (As on 01.09.2015) Unreserved OBC SC ST Total
101 54 30 15 200
Minimum- 20 years
Maximum- 28 years
Category of Applicant Amount Payable*
For GEN & OBC Rs.600.00 (application fees)
For SC/ST/PWD candidates Rs.100.00 (intimation charges)
Exam Centers :-
Bangalore
Kolkata
Chennai
Mumbai
Delhi
Vijaywada
Hyderabad
Vishakapatnam
One Year Course Post Graduate Diploma in Banking and Finance
The candidates selected through IBPS Written Test and Interview for selection of
Probationary Officer will go through a nine month Campus programme at
Manipal Academy of Banking, Bangalore Campus, to be followed by a three
months internship at any of the Andhra Bank Branches.
The course and the curriculum is specially tailored to meet Bank’s needs and
requirements from the Probationary Officers. The curriculum includes, apart from
General Management subjects, courses related to Banking areas and also
various types of skills, including soft skills, proper grooming, etc. Various Bank
specific processes including training on the Bank’s technology platform are
incorporated within the curriculum itself.
The compulsory 3-months internship will be at any of the Bank Branches which
will enable an on the-job training of the candidates and also a real-time work
experience.
PROGRAMME FEES
The fees for this Course will be Rs. 3.50 lakhs plus applicable taxes to be paid.
FINANCING / LOAN OPTIONS
Students can finance the course fees by availing an Education Loan which will be
granted by Andhra Bank 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 60 months (5
years) to ensure that there is minimal impact in the monthly earnings of the PO.
Final placement at Andhra Bank:
All candidates after successful completion of the course will be awarded the
“POST-GRADUATEDIPLOMA IN BANKING AND FINANCE” from Manipal University
at a convocation ceremony where they shall also be handed over the final
appointment letters from the Bank. Accordingly, they will be finally absorbed in
the Bank as Probationary officers in JMGS-I and can be posted anywhere in India
as per Bank’s discretion.
Emoluments on final placement:-
After successful completion of the Post Graduate Diploma in Banking and Finance
in the Manipal University and subsequent placement in Andhra Bank, candidates
will draw a salary as applicable to Junior Management Grade/ Scale I which is
presently in the scale of Rs. 23700 – 980x7/ 30560-1145x2/32850-
1310x7/42020
.They will also be eligible for DA, HRA & CCA, as per rules in force
from time to time. At present, the initial yearly emoluments (salary component
only) of Junior Management Grade/ Scale I Officer, including DA, HRA, and CCA
are approximately Rs.6.56 lakhs in a Metropolitan Centre on cost to company
basis.
Stipend:
Rs. 2,500/- p.m. during the nine months Campus period, and
Rs. 10,000/- p.m. during three months of the internship period.
Service Bond:
All selected candidates, at the time of their joining the course itself, will have to
execute a service Bond for serving a minimum of 3 years in the Bank i.e. the
date of their joining Bank’s service or else, shall pay back to the Bank the full
amount of stipend received by him / her during the programme, a notional
amount of Rs. 2 lakhs towards the cost of on-the-job training and also liquidate
the entire Educational loan outstanding at that point of time at the prevailing
card rate from the date of availment. From the 4th year onwards, any officer
leaving the Bank’s service will only have to clear his/her outstanding educational
loan dues at the applicable card rate.
