Axis Bank announces Young Bankers program 2016-17

A one year, full time residential programme, Axis Bank Young Bankers (ABYB) programme 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 programme 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 programme is July 21, 2016. 

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 programme. They have to be between 21 to 25 years of age, i.e. born on or after April 1, 1991. On successful completion of the course, the student will be awarded the Post Graduate Diploma in Banking (PGDBS).

Important dates to remember

Application window opens	July 07, 2016
Last date of application	July 21, 2016
Online assessments	Between July 30 to August 2, 2016
Interview process	Between August 16 to 20, 2016
Payment of caution deposit fees	September 8, 2016
Programme starts	Between September 23 to 30, 2016

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

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 programme 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 programme, Axis 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. 

Programme fees 
 

Interested applicant will have to invest Rs 3,40,000 plus service tax, which will cover the tuition fees, boarding, lodging for the entire course.

The payment structure:

Term	Fees	Service Tax @ 14%	Swachh Bharat Cess @ 0.5%	Term Sum
1	1,10,000.00	15,400.00	550	1,25,950.00
2	1,15,000.00	16,100.00	575	1,31,675.00
3	1,15,000.00	16,100.00	575	1,31,675.00
Total	3,40,000.00	47,600.00	1,700	3,89,300.00

Additional cess of Krishi Kalyan Cess @ 0.5% also shall be levied from June 1, 2016 (subject to Budget 2016 approval by President of India).

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