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 filling their vacancies aggressively to keep pace with their private counterparts.
IT companies ask for bonds from new recruits to reduce job hopping.This trend is catching up with public sector banks too as they are finding ways to make employees stay for longer periods.
Private banks such as ICICI Bank, Kotak Mahindra Bank, Axis Bank etc have already implemented such a recruitment channel & forged alliances with private universities to offer PO training cum recruitment programmes.
Syndicate Bank has now joined that list by declaring 400 PO vacancies
Note these Dates
Online registrations closes on November 18, 2014
Written examination in the month of December (27th)
Who are Eligible?
If you are interested to apply for this PO recruitment from Syndicate bank, satisfying the following conditions is required:
* Age to be within 20 – 30 years only (+5yrs for SC/ST, +3yrs for OBC) as on Oct 1, 2014
* Completed graduation with min. 60% marks as on Oct 1, 2014
IBPS score is not required.Hence even those who have`nt appeared for common exam can 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 December.Qualifiers of the exam shall then be invited for GD/ Interviews.
The online test would 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.
|Books: The pattern of Syndicate bank PO recruitment selection test is the similar to bank of baroda manipal`s exam.Since both are similar you can purchase it to prepare for this exam as well |
* Manipal school of banking PO exam guide – Rs.233 – Buy online
PO Job after 1 yr:
Candidates chosen through the aforesaid selection process will be admitted for 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.|
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.
Get 1 Lakh Bonus every year!
You heard it right.Candidates who join Syndicate bank as PO through this selection shall be paid Rs.1,00,000 / year for the next 5 years, if you stay with the bank for the first 5 years.
So to get back the money paid for closure of loan, you`ll have to stay with Indian overseas bank for atleast 10 years.What an awesome plan to retain manpower!
All those who fulfil the eligibility criteria should submit their applications only through online mode by paying Rs.500 or Rs.50 (sc/st) through debit/credit/atm cards or Internet banking etc.,
- On successful payment, an e-receipt has to be printed to be submitted at the time of exam.
- Fill up the required details in the online application form and send it before Nov 18th.
Remember to take a print copies of all the forms that you submit as reference.