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ICICI Bank Probationary Officers Recruitment 2013

Discussion in 'Jobs' started by Royaluni, Jan 15, 2013.

  1. Royaluni

    Royaluni Administrator

    ICICI Bank Probationary Officers Recruitment - May 2013 and August 2013 Batch

    Eligibility Criteria
    Those who have completed graduation with 55% (Aggregate) marks in any discipline
    Up to 25 years of age as on April 30th, 2013 (should have been born on or after May 1, 1988)
    Only short-listed applicants will be invited for the selection process.
    The above will be considered as the threshold criteria for shortlisting.

    The last date for applying is 31st January, 2013

    Selection Process and Fees of the Training Programme

    The selection process for Probationary Officer will consists of
    Online Aptitude test
    Online Psychometric Assessment
    Case-based Group Discussion (GD)
    Personal Interview (PI)
    *The GD and the PI (only for applicants who successfully clear the GD) will be concluded on the same day.

    Fees of the Training Programme
    The Probationary Officer Training Programme is a cashless bridge to managerial jobs for aspiring students. To pursue the Probationary Officer Training Programme, the interested students will have to invest 3.37 lakh (The course fee is Rs. 3 lakh. Along with the applicable service tax at the current rate of 12.36%, the total amount to be paid is Rs. 3.37 lakh). However, during repayment of the loan, the prevalent service tax rates will apply ) which would be provided by ICICI Bank as a loan at a subsidized interest rate of 2.5%. p.a. This is the fee for the first phase of the PGDB programme. The fee for Phase II is an additional amount of 1.25 lakh( plus applicable service tax rate prevalent at the time of repayment). This will be paid by students who opt for this phase.
    After completion of the Training Programme, the Probationary Officers will be absorbed as Assistant Manager 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 EMI or interest during the training and internship period, the interest accrued during this period would be recovered along with the normal EMI. The EMI is spread over a period of 60 months to ensure that there is minimal impact in the monthly earnings of the Probationary Officer.
    However, if the applicant leaves during training or within five 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.

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