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Federal Manipal School of Banking and Federal NIIT School of Banking PGDBF Programme

About the Programme
Federal Manipal School of Banking
The Federal Bank Limited and the Manipal Global Education Services joined hands to set up the Federal Manipal School of Banking (FMSB) to cater to the needs of training young, bright graduates in order to make them job ready for a career in Banking at Federal Bank. This programme was instituted in the year 2012. Candidates selected to the Federal Manipal School of Banking (FMSB) are offered a 1 year Post Graduate Diploma in Banking and Finance (PGDBF) course at the FMSB, Bangalore.

On successful completion of the programme, the participants would be awarded a Postgraduate Diploma in Banking & Finance (PGDBF) by Manipal University and would be absorbed as Probationary Officers at Federal Bank.

Federal NIIT School of Banking
Federal Bank in tie-up with Institute of Finance Banking & Insurance (IFBI), NIIT University, Delhi-Jaipur Highway, Neemrana, is being launched with a motive of transforming talented young graduates into Bank Officers, specialized in Relationship Banking & Sales. Candidates selected to the Federal NIIT School of Banking are offered a 1 year Post Graduate Diploma in Banking and Relationship Management at NIIT Campus, Neemrana. On successful completion of the course, the candidates will be absorbed as Probationary Officer (Personal Banking) in the Bank and will spearhead the relationship banking & sales portfolios of the Bank.

Eligibility Criteria (as on the date mentioned in notification)
Education Qualifications: Graduation in any discipline with minimum 60% marks from any recognized university or other institutions established by an Act of Parliament or declared to be deemed as a University under Section 3 of U G C Act, 1956.

Candidates should have obtained minimum 60% marks for SSC or equivalent exam & Plus 2 or equivalent exam.

Age: Minimum 18 years - Maximum 24 years.

Selection Process:
Selection will be based on Aptitude Test, Group Discussion and Personal Interview. The online aptitude test pattern for the recruitment process consists of 5 sections as given below:


Name of the Test

Number of Questions

Max. Marks






120 minutes or 2 hours


English Language




Computer Knowledge




General & Financial Awareness




Quantitative Aptitude







Note: There will be negative marks at the rate of 0.25 for wrong answers.

Personal Interview: All the applicants who successfully clear the Objective test will be invited for a Personal Interview.

Final Posting and Scale of Pay:
All students after successful completion of the course will be awarded the "POST GRADUATE DIPLOMA IN BANKING AND FINANCE" from Manipal University and will be absorbed in the Bank as Probationary Officers in Junior Management Grade S-I and will draw a salary which is presently in the scale of Rs.23700 – 980/7 – 30560 – 1145/2 – 32850 – 1310 / 7 – 42020. DA, HRA, CCA will be paid as per rules of the Bank in force from time to time depending upon the place of posting. Medical Aid, Hospitalization Scheme, Leave Fare Concession, retirement benefits and other perquisites will be admissible as per Bank's rules. On a cost to company basis the annual pay package for a Probationary Officer posted at Cochin including all the allowances, perquisites etc will be approximately Rs.7.45 lakhs.

Probation Period
Candidates absorbed as Probationary Officers on successful completion of the Post Graduate Diploma Course will be on probation for a minimum continuous period of 1 year.

A stipend amount will be paid to the students during the entire duration of the one year course Rs. 2,500/- p.m. during the nine months Campus period, and Rs. 10,000/- p.m. during the internship period.

The Bank will reimburse Rs. 1 Lakh plus interest of loan on completion of 5 years of meritorious service to the Bank's satisfaction.

Course Fee:
The complete course fee is Rs. 3.30 lakhs (Rupees Three Lakhs Thirty Thousand only) payable in three equal installments within 7 days of the commencement of the first three trimesters. Bank will sanction an educational loan to desirous candidate as per the scheme for public, but at concessional rates.

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Published date : 02 Nov 2015 11:03AM

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