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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 rememberApplication window opens March 1, 2017Last date of application March 19, 2017Online assessments Between April 1 to April 4, 2017Interview process Between April 24 to April 28, 2017Payment of caution deposit fees Between May 11 to May 17, 2017Program starts Between June 6 to June 9, 2017Eligibility criteriaGraduates 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 processThe 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 15Quantitative ability 15Logical reasoning 15Personality 20Candidate 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 programCandidates 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 processCandidates interested in applying for the ABYB program can apply. Here is a step-by-step process on how to:1. Visit the official website Internet Banking2. Click on the Careers tab at the bottom of the page followed Young Bankers Program3. Or go directly to the Young Bankers Program page4. Click on Apply Now tab at the left of the page5. Fill up the application forms that opens up6. Pay the application fees after completing the application process7. 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 feesInterested 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 Sum1 110000 15400 550 550 1,26,5002 115000 16100 575 575 1,32,2503 115000 16100 575 575 1,32,250Total 3,40,000 47600 1700 1700 391,,000The candidate can apply for the Education Loan from Axis bank.Details about the bank loan:Terms DetailsEligibility Student should be an Indian national and should have been selected under the Axis Young Bankers ProgramCourse name Post Graduate Diploma in Banking ServicesRate of interest 12. 75 % (Fixed rate)Maximum loan amount 4 lakh (inclusive of course fees, service tax & insurance premium)Processing fees NilOther 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 NilPrepayment charges NilCharges 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/sRepayment instruction/instrument return charges Rs 500 plus service tax as applicable per instanceRepayment 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-lawInsurance On the loan amount availed. Insurance amount can be included in the loan amount.Tentative interest amount (per lakh) during moratorium period Approximately Rs 1,083Tentative EMI amount (per lakh) post moratorium period Approximately Rs. 2,263ABYB program curriculumThe 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 managementSecond trimester: Banking and allied services, Banking environment, Advanced Business communication, Receipts and Payment systems, LendingThird trimester: Areas of learning covered will comprise of Financial Planning, Foreign Exchange, Credit Risk management, Retail banking, Treasury Management, Recovery Management, Business analyticsFourth trimester: On the job learning, in form of internship and project workThrough 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.First Published: Wed,March 08 2017 17:03 ISTRead More onAXIS BANKMANIPAL GLOBAL EDUCATIONAMITY GLOBAL BUSINESS SCHOOLCSOPrev » Symbiosis International University begins registration for SET 2017Next » JEE main 2017 admit cards outRelated NewsPai, Kotak head key panels on insolvency frameworkExecutive education moves out of classrooms as online gains tractionSBI to make global training institute operational in some monthsSocially aware corporate of the year: Right axisMost ReadThousands of Indian techies return home as US rejects visa extensionsIPL 2019, CSK vs RCB Preview: Defending champions Chennai eye winning startIs Pakistan about to hit an oil jackpot? 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You might want to start investing in ReitsProperty ownership: Allotment letter determines the date of purchasePlanning to avail of loan against property? Here are rates offered by banks[ more ]⇧ Back to TopTop StoriesMarket NewsMarket DataCompaniesOpinionEconomy & PolicyFinancePoliticsTechnologyPersonal FinanceCurrent AffairsInternationalInterim BudgetView Full Site >>Copyrights © 2019 Business Standard Private Ltd. All rights reservedHome› CurrentaffairsAxis Bank announces Young Bankers program 2017-18By Trupti Ramball |Last Updated at March 21 2017 17:52 ISTAxis 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 rememberApplication window opensMarch 1, 2017Last date of applicationMarch 19, 2017Online assessmentsBetween April 1 to April 4, 2017Interview processBetween April 24 to April 28, 2017Payment of caution deposit feesBetween May 11 to May 17, 2017Program startsBetween June 6 to June 9, 2017Eligibility criteriaGraduates 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 processThe 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 nameDuration (minutes)English15Quantitative ability15Logical reasoning15Personality20Candidate 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 programCandidates 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 processCandidates 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.com2. Click on the Careers tab at the bottom of the page followed Young Bankers Program3. Or go directly to the Young Bankers Program page4. Click on Apply Now tab at the left of the page5. Fill up the application forms that opens up6. Pay the application fees after completing the application process7. 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 feesInterested 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:TermFeesService Tax @ 14%Swachh Bharat Cess @ 0.5%Krishi Kalyan Cess @ 0.5%Term Sum1110000154005505501,26,5002115000161005755751,32,2503115000161005755751,32,250Total3,40,0004760017001700391,,000The candidate can apply for the Education Loan from Axis bank.Details about the bank loan:TermsDetailsEligibilityStudent should be an Indian national and should have been selected under the Axis Young Bankers ProgramCourse namePost Graduate Diploma in Banking ServicesRate of interest12. 75 % (Fixed rate)Maximum loan amount4 lakh (inclusive of course fees, service tax & insurance premium)Processing feesNilOther chargesA lumpsum amount of Rs. 2,000will be collected towards out of pocket expenses like stamp duty and document franking etc.Penalty for early closureNilPrepayment chargesNilCharges for late paymentRs 500 + taxes per cheque bounce and a penal interest @ 24% per annum i.e. @ 2% per month on the overdue instalment/sRepayment instruction/instrument return chargesRs 500 plus service tax as applicable per instanceRepaymentInterest servicing during the moratorium period. EMI repayment will start on completion of the moratorium period.Mode of repaymentInterest/EMI repayments will be recovered on a monthly basis from the stipend account based on the standing instruction from the student.Maximum moratorium period18 months (i.e. course period + six months)Maximum repayment period5 years (Starts six months after the candidate has joined the active service with Axis Bank)Loan disbursementAs per fee payment schedule. The payment will be made directly to the institute.Co-applicantThe 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-lawInsuranceOn the loan amount availed. Insurance amount can be included in the loan amount.Tentative interest amount (per lakh) during moratorium periodApproximately Rs 1,083Tentative EMI amount (per lakh) post moratorium periodApproximately Rs. 2,263ABYB program curriculumThe 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 managementSecond trimester: Banking and allied services, Banking environment, Advanced Business communication, Receipts and Payment systems, LendingThird trimester: Areas of learning covered will comprise of Financial Planning, Foreign Exchange, Credit Risk management, Retail banking, Treasury Management, Recovery Management, Business analyticsFourth trimester: On the job learning, in form of internship and project workThrough 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.