South Indian Bank has released the notification for the post of Probationary Officers (PO) which is a one year Post Graduate Diploma in Banking and Finance course in Manipal Global Education Services Pvt. Ltd. (MaGE), Bangalore. South Indian Bank which is one of India’s premier commercial Banks, has invited the applications from vibrant candidates who fulfill the prescribed eligibility criteria.
SELECTION PROCEDURE – South Indian Bank PO
The Selection Procedure for the South Indian Bank PO Recruitment 2021 – PGDBF Manipal shall be selected through the following phases of exams.
- PHASE I – Online Test
- PHASE II – GROUP DISCUSSION / (or/and) Personal Interview
Admission to the One-year full-time postgraduate diploma course in Banking and Finance from Manipal Academy of Higher Education(MAHE) (Deemed to be University) to be conducted at Manipal Global Education Services Pvt. Ltd, Bangalore (MaGE) comes with the assured Banking career with South Indian Bank on successful completion of the course.
Exam Pattern – South Indian Bank PO Recruitment
The Exam Pattern of South Indian Bank PO 2021 Recruitment 2021 – PGDBF Manipal is different from that of the previous South Indian Bank PO – Direct Recruitment for the Branches through Online Exam and Personal Interview. The Number of Questions and Total Marks differs from that of the previous exams.
Sr. No. | Name of Tests | No. of Qs. | Max. Marks | Version | Time allotted for each test |
1 | Reasoning & Computer Aptitude | 35 | 35 | Only English | 35 minutes |
2 | General/ Economy/ Banking Awareness | 35 | 35 | 15 minutes | |
3 | English Language | 35 | 35 | 35 minutes | |
4 | Quantitative Ability & Data Interpretations | 35 | 35 | 35 minutes | |
Total | 140 | 140 | 120 minutes |
Please note that :
- Initial Shortlisting will be done based on the online test
- Final Selection will be based on the consolidated marks obtained for online test, GD, and Personal Interview.
- Bank reserves the right to make required modifications in the selection process considering the number of applications for the
EDUCATIONAL QUALIFICATION – South Indian Bank PO Recruitment
- Aspirants who wish to apply for the post of Probationary Officers should have completed X/ SSLC, XII/ HSC & Graduation with a minimum of 60 % marks under regular course.
- Minimum Percentage: 60% Marks
- Candidate should have passed X, XII, and Graduation under regular course (full-time course) from a recognized University/ Institute recognized by the Govt. of India. Educational qualification by mode of distance education will not be considered.
- If Grade/ CGPA is awarded instead of marks, only candidates securing CGPA/ Grade equivalent to 60% or more may apply. An equivalent percentage should be mentioned at the time of application.
- Those who have scored less than 60% marks will not be eligible for applying. Rounding off to the nearest integer is not allowed. (for e.g. 59.99 % cannot be rounded off to 60 % ).
AGE LIMIT – South Indian Bank PO Recruitment 2021
- Age Limit : < 25 Years
- Less than 25 years as on 31.12.2020.
- Candidate should be born not earlier than 01.01.1993 and no later than 31.12.1998 (both days inclusive).
- The upper age limit will be relaxed by 5 years in the case of SC/ST candidates.
Program AND COURSE FEE – South Indian Bank PO Recruitment 2021
Selected candidates will undergo
8 – Months Residential Campus Programme @ Manipal Global Education Services Pvt.Ltd, Bangalore (MaGe)
4 – Months’ Internship @ Bank Branch.
On successful completion of the program, the candidates may be awarded Post Graduate Diploma in Banking & Finance by Manipal Academy of Higher Education (MAHE) and will be absorbed into the services of the Bank as Probationary Officer in Scale I cadre.
COURSE FEE: South Indian Bank PO Recruitment
Course Fee: Rs. 3.50 Lakhs (includes Boarding, Lodging and Course Fees, Other Fees, etc.) + Taxes
FINANCING/ LOAN OPTIONS:
- All the candidates selected for the program will be eligible for availing educational loan facility provided by the Bank.
- The EMIs for the loan would start from the month of joining the Bank.
- There would be no recovery of EMIs or interest during the One year course period and the interest accrued during this course period of one year would be recovered along with the normal EMIs.
- The EMIs are spread over a period of 84 months (7 years) to ensure that there is minimal impact on the monthly earnings of the Probationary Officer.
SALARY, EMOLUMENTS & INCENTIVES – South Indian Bank PO Recruitment
- Salary Pay Scale: Rs. 23700– 980/7 – 30560- 1145/2 – 32850- 1310/7 – 42020 +DA + HRA & other allowances
- The loyalty bonus of Rs.3,50,000/- shall be paid to the officers as annual installments from the end of the 5th year up to the end of the 10th year of continuous service in the Bank based on the satisfactory performance of the candidates and recommendation from the Performance Evaluation Committee.
- The students will pay a sum of Rs 3,000/- p.m. during 8 months of classroom training and an amount of Rs 15,000/- p.m. during the internship period of 4 months.