Canara Bank PO Notification is out, and many candidates might be exploring information around this opportunity and what Canara Bank PGDBF course exactly includes. To help you, we bring to you all the information that you need to know about this course. This recruitment drive is to hire probationary officers in Junior Management Grade Scale I (JMGS-I) on successful completion of a specially designed Post Graduate Diploma in Banking & Finance (PGDBF) course.
About Canara Bank
Canara Bank is a leading Public Sector Bank with Head Office in Bengaluru and global presence with over 6300 branches. It was established in the year 1906 at Mangalore by Ammembal Subba Rao Pai. The bank was nationalized in the year 1969 and is also one of the oldest public sector banks of the country.
Canara Bank PGDBF Course
It is a combination of 9 months classroom course and 3 months internship at Canara Bank’s branch offices. It is a one-year full-time PGDBF course and will be conducted either at Manipal Global Education Services Pvt Ltd, Bengaluru campus or NITTE Education International Pvt Ltd. Greater Noida campus. The programme is fully residential for 9 months classroom studies and the selected candidates should necessarily stay in the campus.
Canara Bank PGDBF Course Selection Process
Candidates are selected for admission based on their performance in the online objective test followed by group discussion and interview. On successful completion of the course, candidates will be awarded with “Post Graduate Diploma in Banking and Finance (PGDBF)” from that institute and the candidates would be offered appointment in the Bank as Probationary Officer in Junior Management Grade Scale-I. To apply for Canara Bank PO exam, visit: www.canarabank.com
Canara Bank PGDBF Course Fee
Name of Institute
|Manipal Global Education Services Pvt Ltd, Bengaluru Campus||Total Course Fee: Rs. 413000/- (Rs. 350000/- + applicable Taxes; presently GST @ 18%: Rs. 63000/-)|
|NITTE Education International Pvt Ltd. Greater Noida campus||
Total Course Fee: Rs. 354000/- (Rs. 300000/- + applicable Taxes; presently GST @ 18%: Rs. 54000.00)
Candidate can pay the entire course fee in one lumpsum or in 2 installments (50% of course fee before commencement of the course and the balance 50% fees after two months but before the end of third month of commencement of course.
While selected candidates are eligible for admission to the said course at any of the selected institutes based on merit cum preference, bank is at the liberty to adopt any other criterion for selection and allotment of candidates to any of the institutes as considered fit and proper.
After Canara Bank PGDBF Course
Selected candidates during the time of joining the course need to sign an agreement/ security bond to serve the bank for a minimum period of Five Years from the date of joining the Bank as Probationary Officer upon successful completion of the PGDBF course. If any candidate fails to follow this bond, he or she would need to pay a compensation of Rs.100,000 (+ applicable taxes) to the bank.
On successful completion of PGDBF course, candidates joining the Bank as Probationary Officer in JMGS-I will be on one-year probation from the date of joining the Bank.
- Bank may consider reimbursement of fees of various certification courses taken by the candidate during the course that are approved by the bank.
- 10,000/- stipend per month will be paid to the candidates during their internship period of 3 months in the branch offices.
- Reimbursement would be made towards expenses incurred for purchase of uniforms of Rs.4000/- (Rupees Four thousand only) all inclusive, per candidate or actual, whichever is less.
Bank will reimburse the total course fees to the successful candidates by way of Loyalty Bonus, in a deferred payment in equal annual installments, starting from the end of the 5th year up to the end of the 10th year of joining the Bank subject to continuation of service in the Bank. If candidate takes education loan towards payment of Course Fees, payment of loyalty bonus as above is subject to regular repayment of educational loan.
Now that you know all about the Canara Bank PGDBF course, apply for the Canara Bank PO online exam and start preparing today.
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