icicicareers.com Recruitment 2014 Probationary Officer PO : ICICI Bank

Name of the organisation : ICICI Bank (icicicareers.com)
Name of the post : Recruitment for Probationary Officer PO in 2014
Reference Number : —

Apply Online : https://www.icicicareers.com/icici_career/requirementlist.aspx
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Home Page : http://www.icicibank.com/index.html

ICICI Bank PO Sample Question Paper : https://www.indianjobtalks.in/30948.html

Job Title: Probationary Officer Programme

Eligibility Criteria:
Those who have completed graduation with 55% (Aggregate) marks in any discipline.
Up to 25 years of age as on 10th January 2014 (should have been born on or after 9th January 1988).

What is the objective of ICICI Bank Probationary Officer Training Programme?
It is an initiative of ICICI Bank to attract young talent from across the country to pursue a career in banking. It is an attempt to create specialists with banking knowledge and skills.

How can I apply?
Log on to www.icicicareers.com and fill up the application form online. Test Dates & Locations will be announced at a later date for which you will get an e-mail/SMS.

Can employees and relatives of ICICI Bank and other ICICI Group companies apply to the ICICI Bank Probationary Officer Training Programme?
Blood relatives (Brother, Sister, Spouse and Children) of ICICI Bank employees cannot apply. Blood relatives of ICICI Group Companies employees can apply.

What is the selection procedure?
The selection will be through a multi-stage selection process comprising of:
** Online Aptitude test
** Online Psychometric Assessment
** Case-based Group Discussion (GD)
** Personal Interview (PI) *The GD and PI (only for those applicants who will clear the GD) will be concluded on the same day.

How will you inform me if I am short listed for the selection process?
Short listed applicants will be intimated by email and SMS. A call letter informing about the venue and date of the process will also be sent through an e-mail. Please ensure that your e-mail address & mobile number are updated on icicicareers.com

When is the selection process being held?
The Aptitude Test is likely to be held in January/February 2014 followed by Group Discussions/Interviews in February/March 2014 for the applicants who clear the Aptitude Test.

What happens after I am selected?
You will undergo 7 months of intensive residential classroom training and 5 months of internship (first internship will be for 2 months and second internship will be for 3 months) with a stipend. To pursue the Probationary Officer Training Programme, interested students will have to invest Rs. 3,00,000/- plus service tax, as applicable, totally amounting to Rs. 3,37,080/- which would be provided by ICICI Bank as a loan at a subsidized interest rate of 2.5% p.a.

On successful completion of the training and two internships, the Probationary Officers will be absorbed as Assistant Managers (Band I) in the Bank. The loan is to be repaid by Probationary Officers in equated monthly installment (EMI) after joining the Bank. There would be no recovery of EMIs or interest during the training period. The interest accrued during this period would be recovered along with the normal EMIs. The EMIs are spread over a period of 60 months to ensure that there is minimal impact on the monthly earnings of the Probationary Officer.

However, if the applicant leaves during training or within five years of joining ICICI Bank after training, ICICI Bank would recover the principal and the interest at market rate on the entire loan amount for the period that the amount was given as a loan to the Probationary Officer. The Loan Agreement will have to be signed by the Probationary Officer while joining the campus. However, the Probationary Officer will have to get the Guarantor form ready before joining the campus for training. The gross salary on joining the Bank after training will be more than Rs. 4 lakh per annum.

How do I as a Probationary Officer stand to benefit as far as the cost of training is concerned?
The loan is being extended by ICICI Bank at subsidized interest rate of 2.5 % p.a.
No EMIs/interest will be recovered during the training period when the Probationary Officer would be paid stipend/scholarship during training period.
The EMI/Interest recovery starts only from the 1st salary drawn by the Probationary Officer on joining the Bank after completion of the training & two internships.
The salary for the Probationary Officer at the grade that he/she would be joining (Assistant Manager Band I) has been adequately increased to cater for the payment of loan EMI of approximately Rs. 5,900/- per month.

When will the application process close?
The applications for May 2014 and August 2014 batches will remain open till 10th January 2014.

For any further queries/clarifications email us at po.programme@icicibank.com , Call 022 – 39858076 / 39858077 / 39858079 between 9.30am to 5.00pm.