Axis Bank announces Young Bankers program 2017-18

Axis Bank is back with the tenth edition of its Axis Bank Young Bankers (ABYB) program.  A one year, full time residential program, ABYB program is an endeavour by Axis Bank to nurture a talent pool of young bankers by equipping graduates with necessary domain expertise and skill set in the field of banking. The program will be conducted at two training campuses, Manipal Global Education in Bangalore and Amity Global Business School in Noida. Last date to register for the program is March 19, 2016.
 
On successful completion of the course, the student will be awarded the Post Graduate Diploma in Banking Services (PGDBS). Post the training phase candidates will join the bank as Customer Service Officer (CSO) – at Assistant Manager grade - with an annual salary of Rs. 4.12 lakh.

 
Important dates to remember

Application window opens	March 1, 2017
Last date of application	March 19, 2017
Online assessments	Between April 1 to April 4, 2017
Interview process	Between April 24 to April 28, 2017
Payment of caution deposit fees	Between May 11 to May 17, 2017
Program starts	Between June 6 to June 9, 2017

 

Eligibility criteria
Graduates from any stream, with 55% and above in their final year of graduation or aggregate of 55% and above in graduation, can apply for the program. They have to be between 21 to 25 years of age, i.e. born on or after April 1, 1992.  There are no relaxations in age or qualifications for SC/ST/OBC/PWD applicants.

 
Candidates who have an Axis Bank employee as a relative will not be allowed for the program. Postgraduate degree holders too are not eligible.
 
ABYB selection process
The bank will select candidates through a two-stage selection process consisting of an online aptitude test followed by an interview. The aptitude test will be conducted online and duration will be 2 hours (approximately). The test will assess the proficiency of candidates in four modules:
 

Module name	Duration (minutes)
English	15
Quantitative ability	15
Logical reasoning	15
Personality	20

 
Candidate will not be allowed to use a calculator or any other calculating device and will have to complete all the modules. There is no negative marking. Each module has a fixed number of questions that need to be attempted in the allotted time. The time allotted for each module is exclusive to that module only and will not carry forward to the next module.

 
All the applicants who successfully clear the Aptitude test will be invited for a personal interview (PI). Candidates will be informed of their progress and status at each stage by email and SMS.
 
Before the PI, each candidate has to find out exactly what the academic program is all about and what the role of a Customer Service Officer (CSO) involves. The candidate also needs to have an impressive resume detailing interests and achievements (in or out of work) that are related to the job. They will be asked a series of questions related to the resume, and profile and the role to offer by the panel. The interview panel will consist of Axis bank officials.

 
Self attested photocopy of the graduation degree/ mark sheet, an identity proof and duly filled job application form should be kept ready for submission at the time of PI.
 
The candidates will have to appear for the Online Aptitude Test and Personal Interview at their own expense.
 
After successful screening, the candidates will have to undergo pre-joining medical and background verification process. They will have to submit a self-declaration medical fitness form. Bank will also verify their education qualifications and background.
 
The selected applicants will be issued admission and provisional letter of appointment from Axis bank towards their future employment.

 
ABYB program

Candidates who are finally selected are required to undergo 1 year, full time residential program at Manipal Global Education in Bangalore Or Amity Global Business School in Noida. The classes for the upcoming batch are scheduled to start between June 6 – 9, 2017.
 
As part of the curriculum, candidates will undergo 9-month classroom sessions and 3-month internship at any Axis bank branch. During the course of training, monthly stipend of Rs. 5000 (for 9 months) and Rs.12000 (for internship) would be paid.
 
Application process

Candidates interested in applying for the ABYB program can apply. Here is a step-by-step process on how to:

1.      Visit the official website www.axisbank.com
2.      Click on the Careers tab at the bottom of the page followed Young Bankers Program
3.      Or go directly to the Young Bankers Program page
4.      Click on Apply Now tab at the left of the page
5.      Fill up the application forms that opens up
6.      Pay the application fees after completing the application process
7.      Two emails will be sent to the registered e-mail id: first consists of the myamcat user id and password, and second to confirm receipt of application fees.
 
The application fee of Rs. 500 is only for new registrants, and should be submitted along with the online application form before March 19, 2017.

 
In case a candidate has already appeared for the Aspiring Minds Computer Adaptive Test (AMCAT), he/she does not need to take a fresh test. Based on the eligibility criteria of the program and AMCAT score, the candidate may be invited for the personal interview. ?
 
Program fees
Interested applicant will have to invest Rs 3,40,000 plus service tax, Swachh Bharat cess and Krishi Kalyan Cess. The payment will cover the tuition fees, boarding, lodging for the entire course. It is important to note here that there is no service bond and the fees paid will not be refunded later.

 
The payment structure:

Term	Fees	Service Tax @ 14%	Swachh Bharat Cess @ 0.5%	Krishi Kalyan Cess @ 0.5%	Term Sum
1	110000	15400	550	550	1,26,500
2	115000	16100	575	575	1,32,250
3	115000	16100	575	575	1,32,250
Total	3,40,000	47600	1700	1700	391,,000

 
The candidate can apply for the Education Loan from Axis bank.
 
Details about the bank loan:

Terms	Details
Eligibility	Student should be an Indian national and should have been selected under the Axis Young Bankers Program
Course name	Post Graduate Diploma in Banking Services
Rate of interest	12. 75 % (Fixed rate)
Maximum loan amount	4 lakh (inclusive of course fees, service tax & insurance premium)
Processing fees	Nil
Other charges	A lumpsum amount of Rs. 2,000will be collected towards out of pocket expenses like stamp duty and document franking etc.
Penalty for early closure	Nil
Prepayment charges	Nil
Charges for late payment	Rs 500 + taxes per cheque bounce and a penal interest @ 24% per annum i.e. @ 2% per month on the overdue instalment/s
Repayment instruction/instrument return charges	Rs 500 plus service tax as applicable per instance
Repayment	Interest servicing during the moratorium period. EMI repayment will start on completion of the moratorium period.
Mode of repayment	Interest/EMI repayments will be recovered on a monthly basis from the stipend account based on the standing instruction from the student.
Maximum moratorium period	18 months (i.e. course period + six months)
Maximum repayment period	5 years (Starts six months after the candidate has joined the active service with Axis Bank)
Loan disbursement	As per fee payment schedule. The payment will be made directly to the institute.
Co-applicant	The co-applicant should be parent(s)/guardian of the student borrower. In case of married person, co-applicant can be spouse or the parent(s)/parents-in-law
Insurance	On the loan amount availed. Insurance amount can be included in the loan amount.
Tentative interest amount (per lakh) during moratorium period	Approximately Rs 1,083
Tentative EMI amount (per lakh) post moratorium period	Approximately Rs. 2,263

 

ABYB program curriculum

The one-year PGDB program comprises four trimesters of 13 weeks each. While the first three trimesters would be conducted on campus, the fourth trimester would be internship at a designated branch of Axis Bank across the country.
 
Classes will be held five days a week, Monday to Friday, and on Saturday candidates will be assigned to other curricular activities such as branch visits and e-learning modules. Formal classroom sessions will start from 9:00 AM and comprise seven sessions of 65 minutes each till 6:00 PM each day.
 
Apart from the regular classes, the candidates would be required to take part in additional curricular and extra-curricular activities. Some Sundays and weekends maybe dedicated to training sessions or classes depending on academic needs. They would be required to attend 90% classes. Any leave of absence would be given only with the specific permission of the Program Coordinator.

 
Credits have been assigned to each course based on the hours of study/learning and other associated activities like case studies, tutorial discussions, case-presentations, lectures, library work and practical-work in laboratories etc.
 
The outline of the curriculum trimester-wise:

First trimester: Basics of Banking, IT in Banking, Business communication, Managerial Economics, Business Mathematics and Statistics, Accounting, General management

Second trimester: Banking and allied services, Banking environment, Advanced Business communication, Receipts and Payment systems, Lending

Third trimester: Areas of learning covered will comprise of Financial Planning, Foreign Exchange, Credit Risk management, Retail banking, Treasury Management, Recovery Management, Business analytics

Fourth trimester: On the job learning, in form of internship and project work

 
Through this program, Axix bank hopes to empower a young banker to demonstrate a systematic understanding of banking concepts, procedures and systems, gain critical awareness of current challenges and new trends in the industry, demonstrate an ability to communicate effectively in business situations and become a fair and responsible banker.