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Axis Bank Young Bankers
One career decision you’ll be proud of
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FAQs

What are the salient features?

Comprehensive blended curriculum comprising classroom inputs, e-learning and on-the-job internship (with a stipend) Young Bankers Program will impart knowledge and skills in core banking, etiquette & grooming, enhanced communication skills and other soft skills. The program will also focus on teaching the candidates the Axis Bank way of banking. The classroom sessions will be of 9 month duration split into trimesters of 3 months each followed by an internship of 3 months, which can be at any Axis Bank branches/offices across India. The Young Bankers will be paid a monthly stipend of Rs.5, 000/- p.m. for the first 9 months to meet the out of pocket expenses and Rs. 12,000 per month during the internship towards their living expenses. Assured employment with Axis Bank upon successful completion of the Program. Gross CTC of Rs. 4.01 Lakhs p.a. (This is inclusive of Loan benefits and Indicative Performance linked Bonus plus Retirals. Break-up of the same is given in Stipend & Salary section)

Who is eligible to register for the program?

Age limit 25 years, Born on or after 1991
Qualification: Only graduates from any stream, with 55% and above in their FINAL year of graduation or aggregate of 55% and above in graduation

What is the duration of this course?

The Post Graduate Diploma in Banking Services (PGDBS) is a a one-year program.

What will be the selection process?

The screening will be through a two stage selection process, which is aimed at selecting candidates who are most likely to succeed at various Branch banking roles offered by the Bank. The Bank is looking for candidates with high integrity, who are dedicated towards work, with positive attitude and good communication skills. Candidates shall be selected by Axis Bank on the basis of an online Aptitude test followed by an interview.

Aptitude Test: The Aptitude test will be of 2 hour duration and will be administered online. The test will assess the proficiency of candidates in the areas of:

  • Logic and Reasoning Skills
  • English Language Skills
  • Quantitative/Numerical Ability
  • Personality Assessment
  • Axis Bank reserves the right to hold a second stage of Aptitude test (if required for any reason) at its own discretion.

 

Personal Interview: All the applicants who successfully clear the Aptitude test will be invited for a Personal Interview. Candidates will be informed of their progress and status at each stage by email. Please do note that Axis Bank's decision pertaining to the selection will be final and binding.

In which locations will the selection process be conducted?

The Bank will endeavour to give each applicant a test venue that is closest to his / her place of residence; however the Bank cannot guarantee the same.

The venue and centre allocated to the applicant will be mentioned in the call letter and the same will be final, no change being permissible in the test date, test time or test venue, once allocated. Candidates will be intimated through an e-mail to their registered email ID / SMS to their registered mobile number.The dates for the subsequent processes of interview will be announced at a later date for which successful candidates will be intimated through an e-mail to their registered email ID /SMS to their registered mobile number.

Will there be a Bond / Service agreement applicable for the applicant after joining the Bank's
service on successful completion of the course?

There will be no Service Agreement or Bond that the candidate needs to sign for joining the Bank after this program.

Will there be any Bond / Service agreement applicable if the funds for pursuing the course are personally arranged by the applicant? Or if the funding is from some other financial organization?

There will be no Service Agreement or Bond that the candidate needs to sign for joining the Bank after this program.

What is the guarantee that Axis Bank will give a job after the course?

All the applicants selected will be given a Provisional Letter of Appointment at the time of joining the course. Job will be guaranteed only on the successful completion of the Young Bankers Program (9 months classroom & 3 months internship).

What if the candidate is unsuccessful at completing the course?

Axis Bank guarantees the job to candidates who have successfully completed the course. The Bank will not be in a position to provide a job for the candidates who do not complete the course. The Provisional Letter of Appointment given at the start of the course will stand withdrawn without any recourse to you. Also fees paid for the course or any other expenses incurred with regards to the course, will not be refunded.

The Bank will not be liable to provide employment to the unsuccessful candidates.

What if the candidate drops out of the program in midst of the course?

In case of dropping out of the program in the midst of the course, fees paid for the course or any other expenses incurred with regards to the course, will not be refunded the student and will need to pay off any loans taken towards this course.

What would be the dress code on campus?

The Bank has designated a uniform for the students of this course. The applicants need to be dressed in formals during the week and smart casuals are allowed on the weekends.

Will there be a probation period once an applicant joins Axis Bank?

Yes, there is a 6 month probation period for all joinees to the Bank. The candidates from the Young Bankers Program will also be subject to this probation period.

On which days will the classes be held?

Classes will be held five days a week from Monday to Friday with Saturday devoted to E-learning and Sunday being a weekly holiday.

What happens after the candidate is selected?

The selected applicants will be issued a Provisional Letter of Appointment from Axis Bank towards their future employment. This letter will contain details of the compensation and other benefits applicable to the applicant after their joining the Bank on active duty.

In addition to this letter the candidates will be issued a Young Bankers Program Student Handbook. This Kit will have the following contents:

  • Details of the course curriculum, the criteria for successful completion, internship details, evaluation procedure.
  • Details of the scheme, the fee structure
  • Details of the stipend that will be paid, details of facilities available on campus for the students

Will there be any co-curricular activity involved?

Yes, co-curricular activities will form an essential part of the learning process, including lectures, seminars, group presentations, field visits, role-plays, simulated exercises, experiential learning and guided task assignments.

What is the minimum attendance required?

90% attendance is required for all classes.

Can we take leaves during the program?

Leave would be given only with the specific permission of the Program Coordinator, Axis Bank Young Bankers Program

Apart from lectures is there any other medium via which I will get support for the study
material?

Lectures by experts from the industry .Interaction with leaders from Axis Bank on a periodic basis. Library services to include access to e-library study material prepared by the Axis Bank, Young Bankers Program.

What will be the Program delivery structure?

Program delivery will be in the form of class room lectures, tutorial discussions, seminars, laboratory tasks, assignments, case studies, library research projects and other exercises.

When will I get the Post Graduate Diploma Certificate?

Normally it is given in convocation. However, for the postgraduate diploma, a participant has to fulfil the below requirements:

  • He/ She should have taken and passed in each course of study as prescribed in the curriculum to earn the minimum number of credits specified for that particular course.
  • He/ She would become eligible for the award of a diploma on acquiring requisite number of credits at the end of the program.
  • He/ She should have satisfactorily fulfilled other academic requirements (as specified in the course of study/ curriculum) like practical training, work visits, seminar, project etc.

What is the curriculum of the Program trimester-wise?

First Trimester: Areas of learning covered will comprise of Basics of Banking, IT in Banking, Business communication, Managerial Economics, Business Mathematics and Statistics, Accounting, General management.

Second Trimester: Areas of learning covered will comprise of Banking and allied services, Banking environment, Advanced Business communication, Receipts and Payment systems, Lending

Third Trimester : Areas of learning covered will comprise of Financial Planning, Foreign Exchange, Credit Risk management, Retail banking, Treasury Management, Recovery Management, Business analytics.

Fourth Trimester: Learning will be on the job and will be in form of the Internship and Project work.

Is there any Stipend given to the students?

Young Bankers will be paid a monthly stipend of Rs 5,000/- per month for the first 9 months to meet the out of pocket expenses and Rs.12, 000/- per month during the internship towards their living expenses.

What is the sum of the medical Insurance Cover?

Medical Insurance cover of Rs.1, 00,000/- is provided to the student by the bank for the duration of course

What is the salary provided post completion of the course?

Salary provided post successful completion of the course is 4.01 Lakh CTC (This is inclusive of Loan benefits and Indicative Performance linked Bonus and Retirals. Break-up of the same is given in Stipend & Salary section)

Is the program fully residential?

Yes, the program is fully residential. Hostel accommodation is provided for all participants in or around campus.

How is the room allotment done?

Rooms would be allotted to the residents by the warden on 'first come first serve' basis.

Will there be any internet facility available?

The campus is well equipped with computer labs open up to midnight every day of the week. The campus has a high broadband connectivity enabling uninterrupted access to global knowledge.

Do we have to purchase books?

Text books will be supplied to all new students on returnable basis.

What will be the class timing?

The class timing will be from 9.00 am. to 6.00 pm.

Explain briefly about the Young Bankers Program?

The Axis Bank Young Bankers Program is a one year, full time program which will be conducted at Amity Global Business School, Noida Campus and Manipal Global University, Bangalore Campus. Students will be given systematic inputs in various areas of banking and management disciplines in order to make them ready for branch banking roles by the time they finish the course. On successful completion of the Young Bankers Program, the students will be awarded a Post Graduate Diploma in Banking Services and also absorbed in the Assistant Manager grade in the Bank.

Why should I join Axis Bank Young Bankers (ABYB) Program?

ABYB students are guaranteed placement on the rolls of the Bank on successful completion. ABYB is a one year program focusing on grooming the students to make them Ready Bankers on completion. Classroom learning is supplemented with practical training in the various Axis Bank Branches. A regular MBA program on the other hand is a 2 year course, with relatively higher focus on class room training and does not always provide an assured job placement on completion.

The course fee for a regular MBA course varies in the range of 5 to 6 lakh while the Young Bankers Program fees is INR 3,40,000 + service tax with earning potential during the course through stipends. Also, the Grade and Remuneration package offered on placement with Axis Bank on completion of ABYB program is similar to the Grade and Compensation package received by a student graduating from a regular MBA institute.

How to make fee payment?

Fees will be payable as per the payment schedule below.

Term Fees Service Tax @ 14% Swachh Bharat Cess @ 0.5% Term Sum
1 1,10,000.00 15,400.00 550 1,25,950.00
2 1,15,000.00 16,100.00 575 1,31,675.00
3 1,15,000.00 16,100.00 575 1,31,675.00
Total : 3,40,000.00 47,600.00 1700 3,89,300.00

*Please note that additional cess of Krishi Kalyan Cess @ 0.5% also shall be levied from 1st June 2016 (subject to Budget 2016 approval by President of India).

The candidate can choose to fund the course themselves.
Or

The candidate can also choose to apply for the Education Loan Axis Bank. Students interested in opting for the Education Loan from Axis Bank, may apply for the term sum figure for the three trimesters. 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.