Tuesday, December 16, 2014

Probationary Officer Recruitment in ICICI Bank December 2014

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Probationary Officer Training Programme is an initiative of ICICI Bank to attract young talent who wish to pursue a career in banking. It is designed to develop specialists with banking knowledge and selling skills to fulfil the need of trained bankers. It is a one year training programme, conducted at ICICI Manipal Academy, Bengaluru.

Since its inception in 2007 more than 10,000 students have joined the Bank after undergoing the training at the ICICI Manipal Academy, Bengaluru. 
Selection Process
The selection process for Probationary Officer will consists of
·         Online Aptitude test
·         Online Psychometric Assessment
·         Case-based Group Discussion (GD)
·         Personal Interview (PI)
·         Merit List

*The GD and the PI (only for applicants who successfully clear the GD) will be concluded on the same day.
Fees of the Training Programme
The Probationary Officer Training Programme is a cashless bridge to managerial jobs for aspiring students. To pursue the Probationary Officer Training Programme, the interested students will have to invest Rs. 3.37 lakh (The course fee is Rs. 3 lakh. Along with the applicable service tax at the current rate of 12.36%, the total amount to be paid is Rs. 3.37 lakh). However, during repayment of the loan, the prevalent service tax rates will apply ) which would be provided by ICICI Bank as a loan at a subsidized interest rate of 2.5%. p.a. This is the fee for the first phase of the PGDB programme. The fee for Phase II is an additional amount of Rs. 1.5 lakh. This will be paid by students who opt for this phase.
After completion of the Training Programme, the Probationary Officers will be absorbed as Deputy Manager in the Bank. The loan is to be repaid by Probationary Officers in equated monthly installment (EMI) after joining the Bank. There would be no recovery of EMI or interest during the training and internship period, the interest accrued during this period would be recovered along with the normal EMI. The EMI is spread over a period of 60 months to ensure that there is minimal impact in the monthly earnings of the Probationary Officer.
However, if the applicant leaves during training or within five years of joining ICICI Bank after training, ICICI Bank would recover the principal and the interest at market rate on the entire loan amount for the period that the amount was given as a loan to the Probationary Officer.
Read more at banktestcoaching.com

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