Progress with us...
 
internet banking
Personal
Corporate
CMS and Payment Solution
CARDS
Power Access
AxisRemit Online
Remit Money
eDGE Loyalty Rewards
  • LOG IN
Axis Bank Young Bankers
One career decision you’ll be proud of
  • Eligibility Criteria
  • Employee Testimonial
  • Gallery

Stipend and Salary

Stipend

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.


Salary

On successful completion of the course the student would be absorbed in the role of 'Customer Service Officer (CSO)' at Assistant Manager in the Bank with a gross CTC (cost to company) of Rs. 4.12 lakhs per annum (This is inclusive of Loan benefits, Indicative Performance linked Bonus and Retirals). Breakup of the same is as shown below.

CTC Break-up Amount(PA) Amount(PM)
Fixed Gross CTC Rs. 2,53,800/- Rs. 21,150/-
Retirals* Rs. 27,612/- Rs. 2301/-
Staff Loan Benefit* Rs. 65,640/- Rs. 5470/-
Performance Bonus* Rs. 65,000/- Rs. 5417/-
Total Gross CTC Rs. 4,12,052/- Rs. 34,338/-

 

Please Note:-

  • * Retirals not encashable.
  • * Staff loan benefits are not encashable. The figure indicated is the Staff loan value as and when availed. Staff loans will be applicable as per the eligibility and terms of the employment.
  • * Performance bonus is indicative and the figure displayed corresponds to the highest performance rating.
    • Subject to your being a confirmed employee
    • Final performance bonus received is subject to the individual’s performance and the organization’s performance & compensation policies in effect.
  • CTC is based on current level of compensation
  • CTC is based on the lowest levels of HRA, hence the actual CTC will change based on the final location of posting.