Central Bank of India, a leading public sector bank, is offering apprenticeship opportunities for enthusiastic individuals looking to kickstart their career in banking.
As an apprentice at Central Bank of India, you will undergo comprehensive On-Job Training, gaining valuable insights and hands-on experience in various aspects of banking operations. This apprenticeship program aims to provide a platform for skill development and career advancement in the banking sector.
Termination of Apprenticeship Contract
- The Contract of Apprenticeship will be terminated if the apprentice fails to report at the Bank’s Training venue/Bank Branch on the commencement date of On-Job-Training.
- The Contract of Apprenticeship will automatically terminate upon the expiry of the Apprenticeship Training period.
- Either the Bank or the Apprentice can apply to the Apprenticeship Advisor for contract termination before the completion of the Apprenticeship period, stating the reason clearly. A copy of the application will be sent to the other party via post.
- The Apprenticeship Advisor (BFSI SSC) may terminate the contract in writing if satisfied that either party has failed to fulfill the contract’s terms and conditions.
- Compensation will be determined by the Apprenticeship Advisor in case of contract termination due to the Bank’s failure or the apprentice’s failure to adhere to the terms and conditions.
- The Bank reserves the right to terminate the contract of an apprentice due to misconduct, with prior notice specifying the reason.
Qualifications:
- Minimum educational qualification: High School Diploma or equivalent.
- Strong communication and interpersonal skills.
- Ability to work effectively in a team.
- Basic computer literacy.
Stipend:
- Rural/Semi-Urban branches: Rs. 15,000/-
- Urban branches: Rs. 15,000/-
- Metro branches: Rs. 15,000/-
Application/Examination/Intimation Fees:
- PWBD candidates: Rs. 400/- + GST
- Scheduled Caste/Scheduled Tribe/All Women candidates/EWS: Rs. 600/- + GST
- All Other Candidates: Rs. 800/- + GST
Application Dates: Apply online for “Apprenticeship with Central Bank of India” from 21.02.2024 to 06.03.2024.
Training Conditions/Overtime/Leave/Holidays:
- Apprentices will receive On-Job Training.
- They are entitled to holidays observed by the Bank.
- Each month, apprentices will receive one casual leave. No other types of leave are applicable.
- Apprentices can take a maximum of 4 casual leaves at a time, with any accumulated leave being exhausted upon contract completion/termination.
- Daily training hours will align with those applicable to clerical staff of the Bank.
- Overtime training is not required or permitted for apprentices.
- In case of personal injury during training, compensation will be provided in accordance with the relevant laws.
Conduct and Discipline:
- Apprentices are governed by the rules and procedures for disciplinary action against Workmen of Central Bank of India.
Assessment and Certification:
- After completing apprenticeship training, apprentices will undergo an assessment covering both theoretical and practical components, leading to an Apprenticeship Certificate.
Weightage for Employment in Bank:
- As per the Bank’s Recruitment policy.
Other Terms and Conditions:
- Disputes arising from the engagement of apprentices will be subject to Mumbai court jurisdiction.
- Apprentices are considered trainees, not workers, exempting them from labor laws.
- Apprentices can exit training only at the end of a month.
- Dropouts/absconding apprentices will be liable to refund stipends.
- Disagreements will be referred to the Apprenticeship Advisor.
- All other terms and conditions not mentioned explicitly follow the Apprentices Act 1961 and Apprenticeship Rules 1992.
For detailed guidelines on age relaxation, application/examination/intimation fees, and general instructions, please visit the Bank’s website or refer to the official notification.