ICICI Bank - Probationary Officer 2021 Training Program

Training and MBA Degree

Those who are finally selected will have to attend the training scheduled to begin in the above mentioned months at ICICI Manipal Academy, Bangalore. The highlights of this course are,
i) Everyone entering training stage will be handed a job guarantee letter and enrolled for MBA (banking and finance) degree from Manipal University
ii) There are two phases:
a) First Phase runs for a period of 12 months, during which stipend shall be paid
b) On completion you will be awarded "PG Diploma in Banking (PGDB) and would be appointed as assistant manager in ICICI bank drawing a salary of more than 4.0 lakhs /year
c) Second Phase is optional wherein a candidate after joining the bank may/continue the MBA degree program for 18 months
iii) For undergoing this training, Rs.3.59 lakhs should be paid but this amount can be availed as loan from ICICI bank itself

Fees of the Training Program:

The Probationary Officer Training Program is a cashless bridge to managerial jobs for aspiring students. To pursue the Probationary Officer Training Program the interested students will have to invest
Rs 362,250/- (Loan amount of Rs 315,000/- Plus applicable Service Tax, which is presently at 15%)
Rs 16,354/- (Cost of Tablet + Cover + SD Card + VAT)
Total Amount: Rs.3,78,604/- which would be provided by ICICI Bank as a loan at a subsidized interest rate of 15% p.a. Differential amount, if any, on account of increase in Service Tax at a future date, would be borne by the applicant