ICICI BANK has issued a recruitment notification for the recruitment of Probationary Officer through recruitment notification. Candidates who have completed Graduate, Post Graduate can apply for the new recruitment notification from ICICI BANK.
Eligible candidates can apply offline for the Probationary Officer Job on or before 31/12/2015. Find more information about the vacancy like Age limit, Selection Process, Qualification, Application fee, How to apply etc can be found below.
Company Name : ICICI BANK
Vacancy Name : Probationary Officer
Educational Qualification : Any Graduate, Any Post Graduate
Total No of Vacancy : 01 Post
Salary : NA
Job Location : Across India
Last Date to Apply for this job : 31/12/2015
Address for the Job Vacancy : ICICI BANK , Across India
Detail of ICICI BANK Probationary Officer Recruitment:
It is an initiative of ICICI Bank to attract young talent from across the country to pursue a career in banking and equip them with relevant banking knowledge and skills.
Can employees and relatives of ICICI Bank and other ICICI Group companies apply to the ICICI Bank Probationary Officer Training Programme? Blood relatives (Brother, Sister, Spouse and Children) of ICICI Bank employees cannot apply. Blood relatives of ICICI Group Companies employees can apply.
What is the selection procedure? The selection will be through a multi-stage selection process comprising of: · Online Aptitude test · Online Psychometric Assessment · Case-based Group Discussion (GD) · Personal Interview (PI) *The GD and PI (only for those applicants who will clear the GD) will be concluded on the same day.
How will you inform me if I am short listed for the selection process? Short listed applicants will be intimated by email and SMS. A call letter informing about the venue and date of the process will also be sent through an e-mail. ** Please ensure that your e-mail address & mobile number are updated on www.icicicareers.com
When is the selection process being held? The Aptitude Test is likely to be held in August 2015 followed by Group Discussions/Interviews in ICICI Bank Probationary Officer Training Programme 3 September 2015 for the applicants who clear the Aptitude Test.
What happens after I am selected? You will undergo six months of intensive residential classroom and online training at ICICI Manipal Academy, two months of internship and four months of On-the-Job training with the Bank. To pursue the Probationary Officer Training Programme, interested students will have to invest Rs. 3,15,000/- plus service tax, as applicable, totally amounting to Rs.3,59,100/- which would be provided by ICICI Bank as a loan at a subsidized interest rate of 2.5% p.a. On successful completion of the entire training (including internship and On-the-Job-Training), the Probationary Officers will be absorbed as Deputy Managers (Band I) in the Bank. The loan is to be repaid by Probationary Officers in equated monthly installment (EMI) after joining the Bank. There would be no recovery of EMIs or interest during the training period. The interest accrued during this period would be recovered along with the normal EMIs. The EMIs are spread over a period of 60 months to ensure that there is minimal impact on the monthly earnings of the Probationary Officer. However, if the applicant leaves during training or within three years of joining ICICI Bank after training, ICICI Bank would recover the principal and the interest at market rate on the entire loan amount for the period that the amount was given as a loan to the Probationary Officer. The Loan Agreement will have to be signed by the Probationary Officer while joining the campus. However, the Probationary Officer will have to get the Guarantor form ready before joining the campus for training. The gross salary on joining the Bank after training will be more than Rs. 4 lakh per annum
What is the total fee that I am required to pay? The total fees is Rs. 3,59,100/- (Rs.3,15,000/- + Applicable Service Tax).
ow do I as a Probationary Officer stand to benefit as far as the cost of training is concerned? ICICI Bank Probationary Officer Training Programme 4 · The loan is being extended by ICICI Bank at subsidized interest rate of 2.5 % p.a. · No EMIs/interest will be recovered during the training period when the Probationary Officer would be paid stipend/scholarship during training period. · The EMI/Interest recovery starts only from the 1st salary drawn by the Probationary Officer on joining the Bank after successful completion of the entire training (including Internship and Onthe-Job-Training). · The salary for the Probationary Officer at the grade that he/she would be joining (Deputy Manager Band I) has been adequately increased to cater for the payment of loan EMI of approximately six thousand four hundred rupees per month.
What would be the implications if I were to leave/resign from the Probationary Officer Training Programme anytime due to unforeseen circumstances? If, for any reason whatsoever, the applicant leaves during training or within three years of joining ICICI Bank after training, ICICI Bank would recover the principal and the interest at market rate on the entire loan amount for the period that the amount was given as a loan to the Probationary Officer. · e.g. If a Probationary Officer leaves 4 months after joining the Bank after completion of the 1 year Training Programme he would be required to pay Rs. 3,59,100/- + Interest @ 15 % p.a. (current market rate) for 16 Months (12 months training plus 4 months as employee) less EMIs/Interest already paid.
Would I be required to pay any other amount? Yes. If you are selected as the ICICI Bank Probationary Officer you would be required to deposit Rs. 10,000/- Admission Security Deposit into ICICI Bank Account before giving acceptance to the Invitation Letter for the Probationary Officer Training Programme. The procedure for this will be explained in your Invitation Letter. This amount will be refunded to you on the completion of 90 days’ training at the Academy. However, if you do not join the training after confirmation or leave the training within 90 days of joining, this amount will be forfeited.
What is the Guarantee that ICICI Bank will give job as Deputy Manager after the one year training? All the Probationary Officer selects will be given a job guarantee letter soon after joining for training at ICICI Manipal Academy. Job will be guaranteed to the Probationary Officer who will successfully complete the entire training (including Internship and On-the-Job-Training) in the PGDB programme.
Selection Procedure for ICICI BANK – Probationary Officer Post:
Candidates can apply on or before 31/12/2015.
No detailed information about the selection procedure is mentioned in the recruitment notification.
How to apply for Probationary Officer Vacancy in ICICI BANK :
Log on to www.icicicareers.com and fill up the application form online. Test Dates & Locations will be announced at a later date for which you will get an e-mail/SMS. The applications for May 2016 and August 2016 batches will remain open till 31st December 2015.
Important dates to remember :
Last Date to Apply for this job 31/12/2015