Syndicate Bank PO PGDBF Programme 2017: Synd Vidya Loan Scheme and Stipend facility
Syndicate Bank has published advertisement for recruitment of 400 probationary officers through its PGDBF Programme 2017—18. Here are the details about programme fees and financial options provided by the bank.
The online examination for the admissions to the one year Post Graduate Diploma in Banking and Finance (PGDBF) course in Manipal Global Education Services Pvt Ltd. and Nitte Education International Pvt Ltd is scheduled to be held on 26 February 2017.
On successful completion of the course within the stipulated time period, the candidates would be offered appointment in the bank as Probationary Officer in Junior Management Grade / Scale-I.
The selected students will be inducted in 02 batches to Manipal Global Education Services Pvt Ltd, Bangalore (MaGE) and Nitte Education International Pvt Ltd. (NEIPL), Greater Noida/ Mangaluru through this current selection exercise for 2017-18.The intake of students in each batch will be decided by the Bank, as per requirement.
Here are the details about programme fees and financial options provided by the bank.
The fees for this Course will be Rs. 3.50 lakhs (all inclusive of boarding, Lodging and course fees, other fees, etc.) plus service taxes, as applicable to be paid by the student. Changes in the Course fees if any will be informed to the successful candidates subsequently.
Apart from the above course fees, the exam fees for undergoing various Certification exams viz. National Institute of Securities Markets, NISM (Mutual Funds) and NISM (Depository services) as mandated under the course will have to be borne by the candidates, as per the fees charged by NISM from time to time for conducting these Certification exams. Currently, the fee for NISM (Mutual Funds) and NISM (Depository services) certification exams comes to Rs. 3000/- per candidate.
Financing / Loan Options
Students can pay the course fees by availing an Education Loan which will be considered by Syndicate Bank as per Synd Vidya Scheme.
The EMIs for the loan would start from the month of joining the Bank. There would be no recovery of EMIs or interest during the course period of One year and the interest accrued during this course period of one year 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 on the monthly earnings of the Probationary Officer.
During nine months class room training the students shall be paid a sum of Rs 2500/- pm as stipend and during the next three months of internship a stipend of Rs 10000/- pm shall be paid.
The loyalty bonus of Rs. 500000/- shall be paid to the Officers at the rate of Rs. 100000/- for every completed year of service after 5 years of continuous and satisfactory service in the Bank from the date of joining the service (i.e. Rs. 100000/- each on completion of 6th, 7th, 8th, 9th & 10th year of continuous and satisfactory service), subject to regularity of education loan if availed.