Course Details

United Bank of India, a leading nationalized Bank invites online applications from qualified graduates who will be appointed as Probationary Officer in JMG Scale I after successful completion of one year Post Graduate Diploma in Banking & Finance course in tie-up with NIIT-Institute of Finance, Banking & Insurance Training Limited, a pioneer academic & training institution.

The candidate thus selected will be admitted into the Training Institute for undergoing required 1 year training programme including 3 months internship. After successful completion of the training programme the candidates will be awarded the POST GRADUATE DIPLOMA IN BANKING & FINANCE from
the Institute and they shall be handed over appointment letters from the Bank and accordingly will be absorbed in the Bank as Probationary officers in JMG Scale -I and can be posted anywhere in India as per Banks discretion. Emoluments of Probationary Officer in Junior Management Grade / Scale-I is presently in the scale of Rs. 23700-980x7/30560-1145x2/32850-1310x7/42020. They will also be eligible for DA, HRA & CCA, as per rules in force from time to time. At present, total initial package including salary, perquisites and other cost to company will be around Rs. 6.50 lakh per annum.

Kindly note :     

On-line  registration  including  Edit/Modification  of Application by candidates     28.06.2016
Closing Date for ONLINE Application   12.07.2016
Payment of Application Fees         28.06.2016 to 12.07.2016
Tentative Date of Written Test     07.08.2016
 
No. of  Vacancies 2016 :
 
There are a total of 100 vacancies with category-wise break-up as under

Eligibility Criteria

A) Nationality/Citizenship

A candidate must be either (i) a citizen of India or (ii) a subject of Nepal or (iii) a subject of Bhutan or (iv) a Tibetan refugee who came over to India before 1st January, 1962 with the intention of permanently settling in India or (v) a person of Indian origin who has migrated from Pakistan, Burma, Sri Lanka, East African countries of Kenya, Uganda, the United Republic of Tanzania (formerly Tanganyika and Zanzibar), Zambia, Malawi, Zaire, Ethiopia and Vietnam with the intention of permanently settling in India, provided that a candidate belonging to categories (ii), (iii), (iv) and (v) above shall be a person in whose favour a certificate of eligibility has been issued by the Government of India.  A candidate in whose case a certificate of eligibility is necessary may be admitted to the examination/interview conducted by the Bank but on final selection the offer of appointment may be given only after the necessary eligibility certificate has been issued to him by the Government of India.

B) Educational Qualification (as on 01.06.2016)
A graduate in any discipline from a recognized University.

Note:    
1.The candidate must possess the requisite educational qualification as on 01.06.2016
2.Degrees obtained from the recognised Universities/Institutes recognised by the Govt. of India only will be considered. 
3.Candidates who are awaiting their results of the qualifying examination OR who have not passed the qualifying examination on or before 01.07.2010 are not eligible.  In other words, the result of the qualifying examination, i.e., graduation or equivalent to graduation, as the case may be, should have been announced by the University on or before 01.06.2016.

C) Age – (as on 01.06.2016)

Minimum age – 21 years
Maximum age – 30 years

A candidate must have been born not earlier than 02.06.1986 and not later than 01.06.1995 (both days inclusive)

Selection Procedure

The selection will be made on the basis of performance in Online Test, Personal Interview and/or GD. Merely satisfying the eligibility norms does not entitle a candidate to be called for written test & interview. The details of the written test shall be communicated to the candidates in advance. The Written Test will be Objective type.

Application Fee (Including Postage Charge) (Non-Refundable)

PAYMENT OF FEE ON LINE : 28.06.2016 to 12.07.2016

(a) For SC/ST/PWD/ XS candidates        Rs.   150.00 (Towards postage only)
(b) For all others (including OBC)    -  Rs. 700.00 (Application Fees plus postage

How to Apply : 

Candidates are advised to go to the Bank’s website www.unitedbankofindia.com and click on the ‘RECRUITMENT’ to open the link “Online application for Admissions to PGDBF Course” and then click on the option “APPLY ONLINE” which will open a new screen.

PROGRAMME FEES
The fees for this course will be Rs. 3.20 lakh plus applicable taxes to be paid.
FINANCING / LOAN OPTION
Students can finance course fees by availing an educational loan which will be granted by United Bank ofIndia at a highly concessional rate of interest. The EMIs for the loan would start on completion of the course duration. The EMIs are spread over a period of 60 months (5 years) so that there is minimal impact
in candidate’s earnings.
STIPEND
A stipend amount may be paid to the students during the entire duration of the course of Rs. 2500.00 per month may be paid during the nine months campus training and Rs. 12000.00 per month may be paid during the 3 months’ internship period.
INCENTIVE
As a loyalty bonus, Bank may consider to refund to the candidate the entire amount of loan at the end of fifth year of service and an additional loyalty incentive may be paid after completion of seven years of service.
SERVICE BOND
The candidate will have to execute a service Bond for serving a minimum of two (2) years in the Bank from the date of their joining in Bank’s service or else shall pay back to the Bank the full amount of stipend received by him / her during the programme, a notional amount of Rs. 2.00 lakh towards the cost of on-the-job training as Bond amount and also liquidate the entire educational loan outstanding inclusive of interest at applicable.

For more Details visit  www.unitedbankofindia.com

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