Syndicate Bank PO Vacancies – Training and Job

Syndicate Bank in association with Manipal University & NIITE University recruits candidates every year for PO with 1 year Training in Banking & Finance Sector. 1 year Post Graduate Diploma program will be handled by Manipal University & NITTE university. Candidates who finish 1 year diploma in course will be recruited as Probationary Officer Management Grade I.

One batch of 200 students will be inducted in Manipal Global Education Services Pvt Ltd, Bangalore(MaGE) and another batch of 200 students will be inducted in Nitte Education International Pvt Ltd, Greater Noida(NEIPL) through this current selection exercise for 2014-15, total around 400 students.

The complete details of recruitment are mentioned below.
Important Dates:

Intake List:

Every year through the recruitment process 400 students will be selected and got trained in the NIITE & Manipal Universities. The category wise students intake list is mentioned below.

Application Fee:

Course Fees: The total program fees will be Rs. 3.5 Lacs (all inclusive of boarding, Lodging and course fees, other fees, etc.) plus service taxes.

Education Load and Fees Financing: Students can finance the course fees by availing an Education Loan which will be granted by Syndicate Bank as per Synd Vidya Scheme. Students can therefore obtain a high quality specialized course in Banking and Finance without any monetary burden on them and fully financed by the Bank. The EMIs for the loan would start on completion of the course duration (i.e. one year from admission). There would be no recovery of EMIs or interest during the training period and the interest accrued during this period 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 in the monthly earnings of the PO.

Stipend and Incentives: During nine months class room training the students shall be paid a sum of Rs 2500/- pm as stipend and during the three month internship in the branch a stipend of Rs 10000/- pm shall be paid.
The successful candidates who join the bank as Probationary Officers shall be paid loyalty bonus of Rs1,00,000/- per year for next five years after completion of five years of satisfactory service in bank subject to education loan being regular if availed.

Salary and Remuneration: Syndicate Bank hasn’t disclosed the salary it will be offering to the PO candidates joining the bank but our guess is that it will be same as regular PO salary.

Eligibility Criteria:

Nationality:

A candidate must be either

• a Citizen of India or
• a subject of Nepal or
• a subject of Bhutan or
• a Tibetan refugee who came over to India before 1st January 1962 with the intention of permanently settling in India or
• a person of Indian origin who has migrated from Pakistan, Burma, Sri Lanka, East African Countries of Kenya, Uganda, the United Republic of Tanzania, Zambia, Malawi, Zaire, Ethiopia and Vietnam with the intention of permanently settling in India.

Age Limitation:
Candidates should not be below 20 years and should not exceed 30 years of age as on 01/10/2014.

Educational Qualification:
Applicants must be graduate in any discipline with a minimum aggregate of 60% from any recognized university or board or any equivalent qualification certified by central government.

Selection Procedure:

Candidates are selected on the scores in Online test followed by Group Discussion & Interview.

Pattern of Written Test:

Application Procedure:

• Open the Official Website of Syndicate Bank.
• Click on Apply Online and go ahead with new user registration.
• It will direct you to the application form. Fill in all the details mentioned in the application form.
• Upload your photograph & signature according to the Instructions mentioned in the website.
• Check all the details carefully and click on Final Submit.
• Move to payment.
• Once payment is done take the print out of application form for future reference. Note down your user id and password generated.

You can download E-Receipt from here.
You can get the Official Notification from here.
You can Apply Online from here.
You can get Instructions to Apply Online from here.
In case of any query please leave a comment below.
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