Federal Manipal School of Banking (FMSB) has been formed by Federal Bank & Manipal global education services.FMSB will train individuals interested in banking career & appoint them as Probationary officers (PO) in Federal bank,one of India`s leading private sector banks that has over 1100 domestic branches.
Commercial banks tying up with Manipal university to recruit for PO vacancies is not new.It is currently operational in ICICI Bank, Axis Bank, Bank of Baroda, Andhra Bank & Punjab National Bank.
With Federal bank also conducting a separate recruitment drive it is a good opportunity for young people looking for bank jobs but were not able to appear or scored less marks in IBPS common banking exams.
Last date for online registrations – March 4, 2014
Written test (online) – 4th week of Oct.
|Federal Manipal school of banking`s (FMSB) batches are scheduled to start in the months of March & May.|
Who are Eligible?
The following eligibility conditions fixed by FMSB are to satisfied ,
- Agelimit: not above 26 yrs as on Nov 1, 2013
- Should have completed graduation with 60% marks from recognized university as on March 1, 2014
- Should posses a score of atleast 500 in MAT exam conducted by All India Management Association.
Since IBPS CWE scores are not required for this requirement, even those who did not appear for such exams can apply.
What is the Process:
The selection procedure is simple & straightforward.Federal bank first shortlists candidates based on their qualifications such as graduation score,age etc.,
Shortlisted applicants are called for Group discussion & Interviews that are to be held at 8 centres across India.
Those who qualify in these stages shall become eligible for admission to the banking course.
Loan & Bond:
All selected candidates will be enrolled for an 1 year PG diploma course in Banking & Finance (PGDBF) at Manipal university, Bangalore which includes 9 months of classroom training & 3 months of internship.
To meet the cost for this course, Rs.3.30 lakhs should be paid.If desired, you can avail educational loan from Federal bank itself.
On successful completion of course, candidates shall be appointed in Federal bank as Assistant Manager (scale I) with a salary of Rs.7.20 lakhs/ annum.
Though all appointees have to execute a service bond agreeing to stay for 3 years, the interest on loan + Rs.1 lac will be paid back by the bank after completing 5 years of service (if availed bank loan)
How to Register
There is no application fee.Anyone who satisfies the prescribed eligibility conditions can fill the online application available at www.federalbank.com before March 4th.
It is also advised for applicants to keep the necessary certificates in hand while applying.Do not forget to attach a scanned copy of your recent passport photo along with the application.
The detailed notification of Federal manipal school of banking (FMSB) PO recruitment 2014 can also be read at their official website here