Frequently Asked Questions
 
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Young Bankers Program is an endeavor by Axis Bank in association with Manipal Global Education to create Young Bankers by imparting domain expertise and skill set in the field of Banking. The course has been set up to attract bright young graduates to a career in Banking with Axis Bank. Our Objective is to create a talent pool of young bankers by equipping graduate students with necessary banking knowledge and skills. The applicant's will be selected through a rigorous selection process. The Axis Bank Young Bankers Program is a one year, full time program which will be conducted at Manipal 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 by the Manipal University and also absorbed in the Assistant Manager grade in the Bank.
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.5000/- p.m. for the first 9 months to meet the out of pocket expenses and Rs. 12000 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) The employee will also have an option of pursuing a online UGC approved Master’s Degree program in Banking and Finance through Manipal University which can be completed by candidates in 18 months’ time in distance education / online instruction mode at their own cost.
The Post Graduate Diploma in Banking Services (PGDBS) would be a one-year program.
There will be no Service Agreement or Bond that the candidate needs to sign for joining the Bank after this program.
The application window for the Axis Bank Young Bankers Program for 2014 is now closed. The Registration for 2015 batch will start in Mid-June, please visit us again then. Thanks
Navigate to the Home Page, by clicking on the “Home” tab on the navigation bar.
The section for applying is displayed on the right side of the Home Page.
 
For a New User:
  • Click on the “Apply” tab provided.
  • Two application forms will open up, requiring you to fill in the necessary details.
  • On completion of application and payment of Application fees (INR 500), you will receive 2 e-mails on the registered e-mail ID you have provided.
  • The 1st e-mail consists of the “myamcat user ID” and “password”.
  • The 2nd e-mail confirms receipt of your application Fees.
  • Your application submission is complete.
 
In case you are already registered with myamcat.com and have a myamcat user ID:
  • Directly login using your “myamcat user ID” and “password”
  • An application page will open up, requiring you to submit necessary details.
  • On completion of application form, you will receive 1 e-mail on the registered e-mail ID you have provided.
  • The e-mail confirms receipt of your application.
  • Your application submission is complete.
  • In case you have already appeared for the AMCAT Test, you will not need to take a fresh test. Based on the eligibility criteria of the program and your Amcat score, you may be invited for the personal interview.
To pursue this course the applicant will have to invest INR 392024/- inclusive of Service Tax and Refundable Security Deposit of Rs. 10000.
Fees will be payable as per the payment schedule below.

 
Term Fees Service Tax @ 12.36% Term Sum
1st Rs. 1, 10,000  + Rs. 10,000 (Refundable Hostel Security) Rs. 13596 1,33,596
2nd Rs. 1,15,000 Rs. 14214 1,29,214
3rd Rs. 1,15,000 Rs. 14214 1,29,214
Total : 3,40,000+ Rs. 42024 Rs.392024
INR. 10,000  ( Refundable Hostel Security)

The candidate can choose to fund the course themselves.
Or
The candidate can also choose to apply for the Education Loan / Any other loan, from any organization / Bank of his/her choice. Students interested in opting for the Education Loan from the Bank , may apply for the term sum figure for the three trimesters, but must pay the hostel security in Cash/ draft at the time of completing the joining formalities.
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 an Young Bankers Program Admission kit. 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
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.
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 provided post successful completion of the course is 4.01 Lakhs PA 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)
ABYB students are guaranteed placement on the rolls of the Bank on successful completion. ABYB is a 1 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 lakhs while the Young Bankers Program fees is 3.4 lakhs (+ applicable taxes) only, with earning potential during the course through stipends. Alos the Grade and Remuneration package offered on placement with Axis Bank on completion of ABYB program is similar to the Grade & Compensation package received by a student graduating from a regular MBA institute.
Age:Minimum 21 years, Maximum 25 years as on 1st April 2014.
Qualification:Graduates from any stream with 55% and above in their graduation & a consistent academic record.
The selection 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 through a selection process consisting 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.
The candiate can select the Test Venue at the time of filling the Application form, request you to kindly select the Test location carefully.

The venue and center selected by the candidate will be mentioned in the call letter and the same will be final, no change being permissible in the test Venue, once the deadline of accepting the change in center request is over. The candidate can request for change in the selected testing location only till 18th May 2014.

Further, under no circumstances any request to change the Test Date will be entertained.

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.
The course will be conducted on the Manipal Banking Training Campus, Bangalore.
This is a fully residential program (no day scholars are allowed) and students shall stay on the campus during the initial 9 months duration of the course.  Students will undertake an internship program in the last 3 months in any Axis Bank across the country.
The candidate can also choose to apply for the Education Loan from Axis Bank. Students interested in opting for the Education Loan from Axis Bank , may apply for the term sum figure for the three trimesters. Thus 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.
 
Axis Young Bankers Program (ABYB) – Terms and conditions
Sr. No. Terms Details
1 Eligibility Student should be an Indian National &  has been selected under the Axis Young Bankers Program
2 Course Name Post Graduate Diploma in Banking Services 
3 Rate of Interest 12. 75% (Fixed rate)
4 Maximum Loan amount 4 lakh (inclusive of course fees, service tax & insurance premium)
5 Processing Fees Nil
6 Other Charges A lumpsum amount of Rs. 2000/- will be collected towards out of pocket expenses like Stamp Duty / document Franking etc.
7 Penalty for early closure Nil
8 Prepayment Charges Nil
9 Charges for Late Payment Rs 500 + taxes per cheque bounce and a penal interest @24% per annum i.e. @ 2% per month on the overdue installment/s
10 Repayment Instruction/Instrument Return charges Rs.500 plus service tax as applicable per instance
11 Repayment Interest servicing during the moratorium period. EMI repayment will start on completion of the moratorium period.
12 Mode of repayment Interest/EMI repayments will be recovered on a monthly basis from the stipend account based on the "Standing Instruction" from the student.
13 Max. Moratorium period 18 months (ie, Course period + six months)
14 Maximum Repayment period 5 years (which starts after six months the candidate has joined active service with Axis Bank)                                                                        
15 Loan Disbursement As per fee payment schedule. The payment will be made directly to the institute.
16 Co-applicant The co-applicant should be parent(s)/guardian of the student borrower. In case of married person, co-applicant can be spouse or the parent(s)/parents-in-law.
17 Insurance On the loan amount availed. Insurance amount can be included in the loan amount.
18 Tentative Interest amt (per lakh) during moratorium period Approx Rs. 1083/-
19 Tentative EMI amt (per lakh) post moratorium period Approx Rs. 2263/-

DISCLAIMER :
Sanction and disbursal of loan will be subject to Bank's Loan policy. Your continuation in the ABYB Program and subsequent joining at Axis Bank Ltd will be subject to payment of fees payable to the university as per the schedule advised. In case the applicant’s loan request is declined, the applicant may arrange for the fee to be paid through other means within 15 days from the day the decision is conveyed to him/her. In case of failure of above terms, you will be required to discontinue the program.
 
Refund of the course fees will not be permissible under any circumstances by us.
In case you have not received you admit card on your mail id, you may Download the same by logging in your account using your login id & password sent on your mail id at the time of registering for the program.

Click on the option “Download Admit card” provided on the right side of the screen to get the copy of your admit card.

Details Steps are provided below:
To login, go to http://www.myamcat.com and enter your username and password -

Step 1: Go to ‘Home’ in the left-menu

Step 2: You will see ‘Notifications’ on the top. Click on 'Download Admit Card' to get the Admit Card.

Step 3: Post Clicking, It will redirect you to the Admit Card page from where you need to print / download the Admit Card.
You can request for change in Test Center, any request for the same shall be considered till 18th May 2014 only.
All the applicants selected will be given a Provisional Letter of Appointment at the time of joining the course at Manipal University campus in Bangalore. Job will be guaranteed only on the successful completion of the Young Bankers Program (9 months classroom & 3 months internship).
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 or the Manipal Global Education will not be liable to provide employment to the unsuccessful candidates.
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.
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. The Dress code policy is given in the Admission Kit for your easy understanding.
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.
Post successful completion of the course leading to grant of a post-graduate diploma in Banking Services, the employee will also have the option of being enrolled for a online UGC approved MBA in Banking and Finance through Manipal University which can be completed by candidates in 18 months time in distance education / online instruction mode, while they pursue their career with Axis Bank. The cost for this qualification will need to be borne by the candidate themselves.
Classes will be held five days a week from Monday to Friday with Saturday devoted to e-learning and Sunday being a weekly holiday.
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 assignments.
90% attendance is required for all classes
Leave would be given only with the specific permission of the Program Coordinator, Axis Bank Young Bankers Program
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
Program delivery will be in the form of class room lectures, tutorial discussions, seminars, laboratory work, assignments, case studies, library research projects and other exercises.
On Completion of the program. However, for the postgraduate diploma, a participant has to    fulfill 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.
Medical Insurance covers of Rs.1, 00,000/- is provided to the student by the bank for the duration of course
Yes, the program is fully residential, Hostel accommodation is provided for all participants in or around campus
Rooms would be allotted to the residents by the warden on 'first come first serve basis.
The Campus is well equipped computer labs open up to midnight every day of the week. The campus has a high broadband connectivity enabling uninterrupted access to global knowledge.
The class timing will be from 9.00 a.m. to 6.00 p.m.