Dena Bank has released a recruitment notification for the admission to Post Graduate Diploma in Banking & Finance(PGD-B&F) through ‘Amity University’.
Name of the Post: Probationary Officer in Junior Management Grade Scale-I.
Qualification (As on 01/04/2017) — Degree (Graduation) with minimum 60% (55% for SC/ST/PWD) marks in any discipline from a recognized University OR any equivalent qualification as such recognized by Central Government.
Age (As on 01/04/2017) Minimum 20 years- Maximum 29 years i.e. A candidate must have been born not earlier than 01/04/1988 and not later than 01/04/1998 (both dates inclusive).
Selection Process: Candidates shall be selected by Dena Bank through a selection process consisting of an (open) online exam followed by Group Discussions and Interviews.
BOND OF MINIMUM SERVICE PERIOD: The Officers recruited will have to execute a non-transferrable bond of Rs. 2.00 Lakhs (Rs. Two Lakhs only) for a period of 4 years which will be effective from the date of joining the course. The candidates will have to work for Dena Bank on recruitment as Probationary Officer for a period of atleast 3 years on completion of the programme. The candidate leaving the job during the period of service bond will be liable to pay the service bond amount.
STIPEND: The learner/candidate will be paid a stipend amount of Rs. 2,500/- (Rs. Two Thousand Five Hundred only) every month for the entire duration of the programme in order to meet their out of pocket expenses and their living expenses. Further, during the internship of three months, additional stipend of Rs. 7,500/- will be paid.
PROGRAMME FEES: The fees for this Course will be Rs. 3.00 lakhs (all inclusive of boarding, Lodging and course fees, other fees, etc.) plus service taxes, as applicable to be paid by the student.
FINANCING / LOAN OPTIONS: Students can pay the course fees by availing Education Loan from Dena Bank at a highly concessional rate of interest as per Education Loan Scheme of the Dena Bank. Students can, therefore obtain a high quality specialized course in Banking and Finance without any monetary burden on them and fully financed by the Bank. The EMIs for the loan would start on completion of the course duration (i.e. one year from admission). There would be no recovery of EMIs or interest during the training period and the interest accrued during this period would be recovered along with the normal EMIs. The EMIs are spread over a period of 84 months (7 years) to ensure that there is minimal impact in the monthly earnings of the PO. The fees will be payable in three equal instalments at the start of every trimester.
REIMBURSEMENT: The reimbursement of the fees will be made to the candidates after 5 years’ satisfactory service in the Bank.