ICICI Bank Probationary Officer Training Programme
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.
9. What is the total fee that I am required to pay?
The total fees is Rs. 3,37,080/- (Rs. 3,00,000/- + Applicable Service Tax).
10. 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
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