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April 20, 2016

Complete Details you should know about Manipal 1 Year PGDBF Course

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Hi Friends, I am Santosh Reddy Ganta. The main reason for writing this post is to bring awareness about Public sector Banks attached Manipal PG in Banking and Fnance course for its Probationary Officers.

I faced alot of difficulty in finding reliable information on this (both online and offline). So here I am sharing all the information i found post my final selection in ANDHRA BANK -Manipal Pg course for PO's. Hope this will be helpful for future aspirants. All the Best :)

Why Banks are recruiting POs through this channel ? ?
Banking sector has become too competitive these days and the ground level front-runners i.e junior scale officers have a larger role to play in its success.

Banks are looking foward for a candidate well versed in banking and finance .

It sounds like banks want tailor made material who are right on target from day 1. That's the reason for this selection.

What is the Course duration??

Typically 12months::

9 months - 3 semesters at manipal campus &
2-3months- internship /training at bank branches.

How Much does it Costs ?

It costs around 3.99 lakhs ( includes swach bharath cess) which covers cost of accommodation and course fee.

You will be given a stipend of 2500rs for 9 months and Rs 10000 for next 2-3months.

What are the advantages to candidates??

  1. Best training through world class faculty and infra.
  2. Making him/her adaptable to banking environmnent.
  3. Hassle free Educational loan towards Course fee.
  4. Entire course fee will paid back through LOYALTY bonus if the selected candidate works for that bank for 5 years.
  5. Preference in Promotions ( depends on the bank ).
  6. Prefered for postings in Metros to deal HNI (high networth income)customers.(esp IDBI and BOB).
  7. Successful completion of course awards you JMGS scale-1.
******YOU Can Quit the COURSE only within 15 days with minimal damage charges. *********

What are the disadvantages?

  1. Bond period of 3+2 years ( depends on the bank).
  2. On breaking the bond entire education loan has to be paid at a single installment at commercial rate of interest.
  3. Emi s will eatup your salary incase of an educational loan(8500-9000rs monthly).
  4. Remain partially wageless for 1year.
  5. ****Not advisable for people looking at banking career as a backup plan for ssc civils etc.*****

Which banks are tiedup with Manipal??
  • Andhra bank
  • Bank of baroda
  • IDBI
  • Syndicate bank
    • and more to come.
My view:

In the coming years, banks will increase the recruitment to posts of pos through manipal.( Bank of Baroda has recruited zero pos through IBPS Po 5 )

People who failed in Ibps po / clerk have a good opportunity as it is easy.

Psbs+ manipal tieup is highly rewarding to aspirants who crave for banking career.

Andhra bank -Manipal has selected 200candidates out of 1.5lakh applicants for the course.

All the best future bankers:-):-)

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1 comment:

  1. Tq and another query Can the final year students apply for this PGDF programme?


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