The Central Bank of India offers an excellent opportunity for young graduates to gain practical banking experience through its Apprentice Recruitment Program. This program is designed under the Apprentices Act, 1961, to provide on-the-job training to candidates, equipping them with the necessary skills and knowledge for a career in the banking sector. While this is a training engagement and not a permanent job, it serves as a valuable platform for aspirants to understand the workings of a public sector bank and enhance their employability for future banking roles.
The Central Bank of India Apprentice program offers a structured training experience with a fixed stipend.
Monthly Stipend: Apprentices receive a fixed monthly stipend. The amount is generally uniform across different locations and is specified in the recruitment notification. For instance, it could be around βΉ15,000 per month. It is important to note that apprentices are not entitled to the salary and allowances applicable to regular bank employees.
Training Duration: The duration of the apprenticeship is typically for a period of one year. This period is dedicated to providing hands-on training in various banking operations.
Benefits of the Program: The primary benefit is the invaluable practical experience gained in a public sector bank. Apprentices get exposure to customer service, retail banking products, and day-to-day branch operations. While the apprenticeship does not guarantee a job in the bank, the experience and training certificate significantly boost a candidate's profile for future job opportunities in the banking and financial services industry.
The selection of apprentices is based on an online written examination and a local language proficiency test.
The application process is conducted online through the designated portal.