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
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 As such, the concessional rates will be withdrawn if the student opts not to join the Bank or does not stay with the Bank for a period of 5 years from the date of joining the Bank, in which case, the Bank will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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