Syndicate Bank has announced PO recruitment through which they intend to recruit young graduates, train & appoint them as probationary officers.The hiring process is being done along with Manipal university & NITTE university.For the past few years public sector banks are showing interest to recruit for their vacancies in tieup with private universities.
We see many private companies in IT, Telecom, Manufacturing sector ask for bonds from new recruits to reduce job hopping.This trend is catching up with public sector banks too & they are looking at ways to keep employee for longer periods.
Now, Syndicate Bank has now joined that list by declaring 600 PO vacancies through this training cum recruitment route
Note these Dates
Online registrations closes on December 31, 2015
Online examination in the month of February 2016 (7th)
Who are Eligible?
If you are interested to apply for this from Syndicate Bank Manipal PO recruitment , satisfying the following conditions are necessary:
- Age to be within 20 – 28 years only as on Oct 1, 2015 (+5yrs for SC/ST, +3yrs: OBC)
- Any degree with min. 60% marks (55% for SC/ST/PWD) as on 1.10.2015
IBPS score is not required.Hence even those who did not appear or couldn’t qualify in IBPS PO bank exams are also eligible to apply.
Appear for Online Test:
All eligible applicants will have to participate in a online test (objective type) that is scheduled in the month of February.Qualifiers of the exam shall then be invited for GD/ Interviews.
The online test will contain 200 questions each carrying 1 mark for a total of 200 marks.While 0.25 would be reduced as negative mark, the duration of the exam is 120 minutes.
Candidates are required to secure certain cutoff marks in each section & on the total as well to qualify for next stage.
|Books: The pattern of Syndicate bank PO recruitment selection test is similar to bank of baroda manipal`s exam.So you can purchase it to prepare for this exam as well.
* Manipal school of banking PO Exam Guide – Rs.252 – Buy online
PO Job after 1 Year:
All those individuals who get selected through the aforesaid selection process will be admitted for a 1 year Post Graduate Diploma in Banking & Finance course at Manipal University (Bangalore) & NITTE University (Noida)
During the training period stipend of Rs.2500 (for 9 months) & Rs.10,000 (final 3 months) shall be paid to meet your expenses.
|On successful completion of the course, they shall be inducted into Syndicate Bank as Probationary Officer (PO – Scale I)|
The total cost of this programme is Rs.3.50 lakhs but students can avail an educational loan from the bank itself to finance it.
On appointment as officer in bank, the loan repayment shall start & monthly EMIs are to be reduced from your salary for 7 years.Its like a 7 year service bond
Get Bonus for Staying!
You heard it right.Candidates who join Syndicate bank as PO through this recruitment process shall be able to get back the loan amount & interest from the 6th year onwards.
Although the bank says this bonus amount will be repaid in annual installments, its not known within how many years they will complete.
All those who fulfil the eligibility criteria should submit their applications only through online mode & pay Rs.600 or Rs.100 (SC/ST) through debit/credit/atm cards or Internet banking etc.,
- Visit syndicatebank.in & open the section ‘career’ to click on PGDBF PROGRAMME 2016-17 link
- Fill the required details asked in the online application form and submit it before Dec 31.
Remember to take print copies including application & e-receipt for future reference.
More Info Here
If you are interested to apply for Syndicate Bank Manipal PO recruitment 2016 project, then download the notification from their website here (pdf).