ICICI Bank Probationary Officer Training Programme

1. What is the objective of ICICI Bank Probationary Officer Training Programme?

It is an initiative of ICICI Bank to attract young talent from across the country to ursue a career in
banking. It is an attemt to create secialists !ith banking kno!le"ge an" skills.
#. $o! can I aly?
%og on to !!!.icicicareers.com an" fill u the alication form online. Test &ates ' %ocations !ill
be announce" at a later "ate for !hich you !ill get an e(mail)*+*.
,. Which are the locations in !hich the rocess is being con"ucte"?
%ocation for -titu"e Test)Intervie! .tentative location//0
*O1T$ W2*T 3O4T$ 2-*T
Bangalore +umbai Chan"igarh 4anchi
Chennai Pune 5aiur 4aiur
Coimbatore -hme"aba" &elhi Patna
$y"eraba" 3agur %uckno! 6olkata
6ochi Bhoal 7ari"aba" 8u!ahati
+a"urai Baro"a &ehra"un Bhubanesh!ar
9i:ag 4ajkot %u"hiana
9ijay!a"a 5abalur 1"aiur
Trivan"rum In"ore 6ota
-mravati 9aranasi
-urangaba"
6olhaur
// The above centres are likely to change. The final list of centres !ill be "islaye"
once the 9enue)&ate)Time booking oens.
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ICICI Bank Probationary Officer Training Programme
;. Can emloyees an" relatives of ICICI Bank an" other ICICI 8rou comanies aly to the ICICI
Bank Probationary Officer Training Programme?
Bloo" relatives .Brother< *ister< *ouse an" Chil"ren0 of ICICI Bank emloyees cannot aly. Bloo"
relatives of ICICI 8rou Comanies emloyees can aly.
=. What is the selection roce"ure?
The selection !ill be through a multi(stage selection rocess comrising of>
? Online -titu"e test
? Online Psychometric -ssessment
? Case(base" 8rou &iscussion .8&0
? Personal Intervie! .PI0
/The 8& an" PI .only for those alicants !ho !ill clear the 8&0 !ill be conclu"e" on the same
"ay.
@. $o! !ill you inform me if I am short liste" for the selection rocess?
*hort liste" alicants !ill be intimate" by email an" *+*. - call letter informing about the venue
an" "ate of the rocess !ill also be sent through an e(mail.
// Please ensure that your e(mail a""ress ' mobile number are u"ate" on !!!.icicicareers.com
A. When is the selection rocess being hel"?
The -titu"e Test is likely to be hel" in 7ebruary #B1, follo!e" by 8rou &iscussions)Intervie!s in
7ebruary)-ril #B1, for the alicants !ho clear the -titu"e Test.
C. What haens after I am selecte"?
Dou !ill un"ergo a E months intensive resi"ential classroom training an" , months internshi !ith
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ICICI Bank Probationary Officer Training Programme
a stien". To ursue the Probationary Officer Training Programme< intereste" stu"ents !ill have to
invest 4s. ,.,A lakh .The course fee is 4s. , lakh. -long !ith the alicable service taF at the
current rate of 1#.,@G< the total amount to be ai" is 4s. ,.,A lakh. $o!ever< "uring reayment of
the loan< the revalent service taF rates !ill aly 0 !hich !oul" be rovi"e" by ICICI Bank as a
loan at a subsi"i:e" interest rate of #.=G .a.
On successful comletion of the training an" internshi< the Probationary Officers !ill be
absorbe" as -ssistant +anagers .Ban" I0 in the Bank. The loan is to be reai" by Probationary
Officers in eHuate" monthly installment .2+I0 after joining the Bank. There !oul" be no recovery
of 2+Is or interest "uring the training erio". The interest accrue" "uring this erio" !oul" be
recovere" along !ith the normal 2+Is. The 2+Is are srea" over a erio" of @B months to ensure
that there is minimal imact on the monthly earnings of the Probationary Officer. $o!ever< if the
alicant leaves "uring training or !ithin five years of joining ICICI Bank after training< ICICI Bank
!oul" recover the rincial an" the interest at market rate on the entire loan amount for the
erio" that the amount !as given as a loan to the Probationary Officer. The %oan -greement !ill
have to be signe" by the Probationary Officer !hile joining the camus. $o!ever< the
Probationary Officer !ill have to get the 8uarantor form rea"y before joining the camus for
training.
The gross salary on joining the Bank after training !ill be more than 4s. ; lakh er annum.
E. What is the total fee that I am reHuire" to ay?
The fee for the first hase is 4s. ,.BB lakh lus alicable service taF at the current rate of 1#.,@G<
the total amount to be ai" is 4s. ,.,A lakh. $o!ever< "uring reayment of the loan< the revalent
service taF rates !ill aly an" if one ots for the secon" hase< one has to ay 4s. 1.#= lakh .lus
alicable service taF0 for the same .
1B. $o! "o I as a Probationary Officer stan" to benefit as far as the cost of training is concerne"?
? The loan is being eFten"e" by ICICI Bank at subsi"i:e" interest rate of #.= G .a.
? 3o 2+Is)interest !ill be recovere" "uring the training erio" !hen the Probationary Officer
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ICICI Bank Probationary Officer Training Programme
!oul" be ai" stien")scholarshi .4s. #=BB)( "uring class room training hase of E months to
meet the out of ocket eFenses ' 4s. 1B<BBB)( lus a city allo!ance "uring the Internshi hase
of , months0 .
? The 2+I)Interest recovery starts only from the 1st salary "ra!n by the Probationary Officer on
joining the Bank after comletion of the training ' internshi.
? The salary for the Probationary Officer at the gra"e that he)she !oul" be joining .-ssistant
+anager Ban" I0 has been a"eHuately increase" to cater for the ayment of loan 2+I of
aroFimately 4s. @<BBB)( er month.
11. What !oul" be the imlications if I !ere to leave)resign from the Probationary Officer Training
Programme anytime "ue to unforeseen circumstances?
If< for any reason !hatsoever< the alicant leaves "uring training or !ithin five years of joining
ICICI Bank after training< ICICI Bank !oul" recover the rincial an" the interest at market rate on
the entire loan amount for the erio" that the amount !as given as a loan to the Probationary
Officer.
? e.g. If a Probationary Officer leaves after , months of joining the Training Programme< he !oul"
be reHuire" to ay 4s. ,<,A<BCB I Interest J 1= G .a. for , months .1=G is the revailing market
rate of interest0
? e.g. If a Probationary Officer leaves ; months after joining the Bank after comletion of the 1 year
Training Programme he !oul" be reHuire" to ay 4s. ,<,A<BCB I Interest J 1= G .a. .current
market rate0 for 1@ +onths .1# months training lus ; months as emloyee0 less 2+Is)Interest
alrea"y ai".
1#. Woul" I be reHuire" to ay any other amount?
Des. If you are selecte" as the ICICI Bank Probationary Officer you !oul" be reHuire" to "eosit
4s. 1B<BBB)( -"mission *ecurity &eosit into ICICI Bank -ccount before giving accetance to the
Invitation %etter for the Probationary Officer Training Programme. The roce"ure for this !ill be
eFlaine" in your Invitation %etter. This amount !ill be refun"e" to you on the comletion of EB
"aysK training at the -ca"emy. $o!ever< if you "o not join the training after confirmation or leave
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ICICI Bank Probationary Officer Training Programme
the training !ithin EB "ays of joining< this amount !ill be forfeite".
1,. What is the 8uarantee that ICICI Bank !ill give job as -ssistant +anager after the training an"
internshi?
-ll the Probationary Officer selects !ill be given a job guarantee letter soon after joining for
training at ICICI +anial -ca"emy. 5ob !ill be guarantee" to the Probationary Officer !ho !ill
successfully comlete the training an" internshi in the P8&B rogramme.
1;. What !oul" be my salary once I join the Bank after the Training Programme?
Dour gross annual salary on joining the Bank !ill be more than 4s. ; lakh .Cost To Comany0.
1=. Woul" I be reHuire" to sign any agreement for the loan?
Des. %oan agreement< as is reHuire" for any loan that an in"ivi"ual avails from a bank< !oul" have
to be signe". Processing charges)*tam &uty of aroFimately 4s. ,1B)( or as "eci"e" by the
Bank !ill have to be ai" by you for the agreement.
1@. What are the areas in !hich training !ill be rovi"e"?
-licants joining the Probationary Officer Training Programme !ill be enrolle" for +B- in
Banking an" 7inance an" +anial 1niversity a!ar"s the "egree.
Course &uration
+B- .Banking ' 7inance0 course "uration is for a erio" of ,B months .# L years0 !ith the
maFimum erio" for comletion being ;C months.
+B- .Banking ' 7inance0 rogram consists of t!o hases<
Phase I .1# months 0>
? Comrising of 1# months of On(camus training .E months of classroom training ' , months of
internshi in ICICI Bank0.
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ICICI Bank Probationary Officer Training Programme
? On successful comletion of the first 1# months of training Probationary Officers !ill be a!ar"e"
the Post 8ra"uate &iloma in Banking from ICICI +anial -ca"emy.
? On(Camus training is "esigne" to rovi"e banking skills to erform effectively in a banking
environment.
? On successful comletion of the first 1# months of training< the Probationary Officers !ill be
absorbe" as -ssistant +anagers .Ban" I0 in the Bank.
The stu"ents are rovi"e" !ith an eFit otion after successfully comleting the first year of the
+B- .Banking ' 7inance0 rogram. *uch stu"ents are allo!e" to eFit the +B- rogram !ith a
Post 8ra"uate &iloma in Banking .P8&B0. $o!ever Probationary Officers !ho !ish to continue
!ith the +B- .Banking ' 7inance0 rogram are allo!e" to rejoin the +B- .Banking ' 7inance0
rogram !ithin @ months of their comletion of P8&B from I+- camus. *uch stu"ents< by virtue
of their being -ssistant +anagers !orking at "ifferent branches)locations of ICICI Bank !ill be
rovi"e" their lectures an" stu"y materials online.
Phase II MOtionalN .1C(,B months 0>
? Comrising of 1C months of online training are "esigne" to rovi"e managerial skills to the
stu"ents in a !orking an" business environment.
? Probationary Officers !ho have chosen to continue !ith their +B- .Banking ' 7inance0 rogram
can ursue the secon" hase along !ith their job at ICICI Bank.
? *econ" hase !ill attract tuition fees of 4s 1.#= lakh.
1A. When is the Training Programme starting?
There !ill be t!o batches !ho !ill start un"ergoing the training at I+- in the first !eek of +ay<
#B1, an" first !eek of -ugust< #B1,.
1C. Where !ill the Training Programme be hel"?
The Training Programme !ill be hel" in Bangalore or any other location in In"ia as "eci"e" by
ICICI Bank.
1E. Which functional area< location !oul" the Probationary Officers be lace" ost
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ICICI Bank Probationary Officer Training Programme
comletion of the training an" internshi?
*eciali:ation in a functional area is "eci"e" by the Bank base" on the revailing nee"s an"
business reHuirements. 7urther the location of osting is "eci"e" by the bank on the basis of
business reHuirements.
#B. When !ill the alication rocess close?

The last "ate for alying is A
th
7ebruary< #B1,.
A