Wednesday, October 3, 2012

Federal Manipal School of Banking 2013 PO Programme

Federal Bank  is among  the  leading private  sector commercial banks  in  the  country and  is  the largest traditional private sector Bank in India. The Bank’s shares are widely held and are listed in  the  Bombay  Stock  Exchange  and  National  Stock  Exchange.  Federal  bank  is  also  the  first among the old generation private sector Banks in India to issue Global Depository receipts and listed in London Stock Exchange. Today the Bank enjoys the trust and confidence of more than 5 million customers across the world. The Bank has more than 1000 branches and ATMs spread across  the country,  supported by 8 Zonal Offices and 31 Regional Offices. All  the branches of the Bank are operating under Core Banking Solution and are fully networked.
Federal Manipal School of Banking
The Federal Bank Limited and the Manipal Global Education Services joined hands to set up the Federal  Manipal  School  of  Banking  (FMSB)  to  cater  to  the  needs  of  training  young,  bright
Candidates shall be selected by Federal Bank through a selection process consisting of an open graduates  in  order  to  make  them  job  ready  for  a  career  in  Federal  Bank.  On  successful completion  of  the  program,  the  successful  candidates  would  be  awarded  a  Postgraduate Diploma  in  Banking  &  Finance  (PGDBF)  by  Manipal  University  and  will  be  absorbed  as Probationary Officers of Federal Bank.
Programme details:  
Candidates will be  selected  through an open  recruitment process which will be  conducted as per  the  requirement of  the Bank.  The  candidates who  successfully  clear  the on  line  aptitude test will be called for Group discussions and/or personal interview. The final entry list would be prepared based on the overall score obtained by the candidate in various assessments.

The  successful  candidates would  be  enrolled  for  the  one  year  PGDBF  program  conducted  by Manipal University in association with Federal bank. The program will be spread into a 9 month residential  campus  program  followed  by  three months  internship  training  at  any  one  of  the branches of Federal Bank.

Fees and Stipends: 
The  course  fee  is  Rs.  3.30  lakhs  (Rupees  Three  lakh  thirty  thousand  only)  (all  inclusive  of boarding, Lodging and course fees, other fees, etc.) plus service taxes, as applicable to be paid by the student. However routine expenses like note books and other connected stationery and consumables,  uniform  etc  have  to  be  borne  by  the  candidate  himself/herself.  Candidates desirous of availing loan to fund the course fee can avail Education Loan at a concessional rate of interest, from Federal Bank.

Education  loan facilities are being made available  to the participants taking  into consideration that they are future employees of the Bank. As such, the concessional rates will be withdrawn if the student opts not to join the Bank or does not stay with the Bank for a period of 5 years from the date of joining the Bank, in which case, the Bank will levy the interest rates as applicable to general public.


A  stipend  of  Rs.  2500/-  pm will  be  paid  to  the  students  during  the  first  nine months  of  theprogramme , and Rs. 10,000/- p.m. during the internship period of three months. Rs.  1  Lakh  plus  Interest  on  Loan  will  be  reimbursed  by  Bank  after  completion  of  5  years  of meritorious service with the Bank subject to terms and conditions.

Service Bond: 
All selected students, at the time of  joining the course, will have to execute a Service Bond to
serve a minimum of 3 years with the Bank, w.e.f the date of their joining the Bank’s service. In case of discontinuance, the following terms will be applicable.

Minimum Educational Qualification
Graduation in any discipline with minimum 60% marks from any recognized university or other institutions established by an Act of parliament or declared to be deemed as a University under Section 3 of U G C Act, 1956.
Students appearing in final year degree exams can also apply subject to their submitting their Final Degree Mark sheet & Provisional Certificate on or before 01.11.2012

Age ( As on 01.08.2012 ) 
     Minimum :  21 years ( Born on or before 01.08.1991)
     Maximum : 26 years ( Born on or after 01.08.1986 )
Relaxation in Upper Age Limit
Scheduled Caste/ Scheduled Tribe candidates by 5 years


How to apply: 
1.  Candidates  are  required  to  apply  online  through  the website www.federalbank.co.in.  The online application format is available in the Careers page of the website.
2.  The link to the application form is as follows:
Federal Bank Home Page/Careers/Federal Manipal School of Banking/Apply Now!
3.  No other means/ mode of application will be accepted.
4.  Candidates are  required  to have a  valid personal email  ID. It  should be kept active during the  currency  of  this  recruitment  project.  Under  no  circumstances,  he/she  should  share/ mention his / her email ID to/ or of any other person.
5.   In case, a candidate does not have a valid personal email ID, he/she should create his/ her new email ID before applying Online.
6.  The  candidate will  receive a unique Registration  ID and password  at  the  time of  initiating registration process. The Registration  ID and password will have to be used  to  login to the detailed application form.
7.  The Registration  ID and password  is necessary  for  future use  (downloading call  letters)  for test and interview. Hence all candidates are requested to keep them handy.
8.  Application fees: The amount of application fees to be paid is indicated below :
Category of Applicant  Amount of Fees/ Postage (Non-refundable)
SC/ ST  Rs. 50/-
All others  Rs. 400/-
9.  Application once paid will not be refunded on any count nor can it be held in reserve for any other examination or selection.

10. The applicants will have 2 modes for payment  of fees as follows:
a)  Online mode: Fees can be paid  through Debit or Credit card using the Bank’s payment
gateway which will be active from 09.10.2012. A Transaction ID will be generated for the
same  and  an  online  fee  receipt will  be  generated,  a  print-out  of which  the  applicant
must take and keep for further use as proof of having made the payment. The same will
be required to be produced at the time of the online examination.

b)  Offline mode: The candidate can take a print of the Fee Payment Challan and fill  in the Fee  Payment  Challan  in  a  clear  and  legible  handwriting  in  BLOCK  LETTERS. Go  to  the nearest Federal Bank Branch with the Fee Payment Challan duly filled in and pay in Cash, the  appropriate  Application  Fee  in Account  No  10010200150362 with  Branch  Aluva Bank  Junction,  Aluva  in  favour  of  “THE  FEDERAL  BANK  RECRUITMENT  APPLICATION FEE”. Obtain  the  Counterfoil  (Applicant's  Copy)  of  the  Fee  Payment  Challan  duly
received by the Bank with (a) Branch Name & Code Number (b) Transaction  ID (c) Date
of Deposit & Amount filled  by  the  Branch Official.  Candidates  can  now  continue with
their  online  application  by  re-visiting  the website www.federalbank.co.in  and  opening
the appropriate Online Application Format with  their user  id and password, generated
earlier. Carefully fill in the necessary details from the Fee Payment Challan in the Online
Application Form at the appropriate places and submit the same Online.
      Application Fee can be remitted through other Banks also (through NEFT).
     
      The details of the account to which  fee to be remitted is as follows:

Account No.  10010200150362
Account Name  THE FEDERAL BANK RECRUITMENT APPLICATION FEE
IFSC Code  FDRL0001001
Branch Name  Aluva Bank Junction

Selection process: 

online exam followed by GD and/or Interview.
Online Aptitude test:
The online aptitude test will be for duration of 3 hours and shall comprise of the following test
with a sufficiently high degree of difficulty:
  Logical aptitude / reasoning 
  Quantitative / numerical aptitude 
  English language 
  General Awareness and Marketing Aptitude 
  Computer Awareness 
Wrong answers will attract negative marks for the online test and each test shall be given due
weightage.  Centres for examination are available in the application form as a drop down list.


Download pdf format of detailed information hand out on clicking on detailed.










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