Federal Manipal School of Banking
About Federal Bank
The history of Federal Bank dates back to the pre-independence era. Though initially it was known as the Travancore Federal Bank, it gradually transformed into a full-fledged bank under the able leadership of its Founder, Mr. K P Hormis. The name Federal Bank Limited was officially announced in the year 1947 with its headquarters nestled on the banks on the river Periyar. Since then there has been no looking back and the bank has become one of the strongest and most stable banks in the country.
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The Federal Bank Limited and the Manipal Global Education Services joined hands to set up the Federal Manipal School of Banking (FMSB) to cater to the needs of training young, bright graduates in order to make them job ready for a career in Banking at Federal Bank.
On successful completion of the programme, the participants would be awarded a Postgraduate Diploma in Banking & Finance (PGDBF) by Manipal University and would be absorbed as Probationary Officers at Federal Bank.
About the Programme
Bangalore is well connected by road, rail and air. The Federal Manipal School of Banking is out of the city limits and hence, the normal fares may not apply. All selected candidates would be intimated in advance so that they would be able to make travel arrangements well in time.
The campus has a full fledged and technologically updated knowledge acquisition centre. There is a well equipped library complete with a vast collection of reference books, magazines, journals, newspapers and computers at the disposal of the students. It is open on all days till late in the evening. Federal Manipal School of Banking has well equipped computer labs open up to midnight everyday of the week. Medical facilities are also available on campus.
Accommodation for the participants is provided in the hostels located in the campus. Room allotment is done on 'first come first serve' basis. A separate dining room has been provided for all the students.
Rules and Regulations
All students are expected to abide by the rules and regulations of Federal Manipal School of Banking both in the campus and in the hostel.
Federal Manipal School of Banking has mandated a uniform for all students to be worn for all classes and other organised activities. Till the time the participants receive the uniform they would abide by the following dress code :
- Formal office trousers and shirts with a tie. Most acceptable colours for trousers would be black, brown, blue and grey. Preferable pastel colours for shirts. Formal footwear
- Suits for formal occasions
- Well groomed.
- Silk or cotton (starched) sari
- Formal western wears (formal trousers/skirts with a top or a jacket) or salwar kameez.
- Formal footwear
- Well groomed.
Future Career Progression
Federal Bank offers one of the fastest career progression opportunities for deserving employees and a deserving candidate can expect to reach a top management position at a young age in his/her career.
All students after successful completion of the course will be awarded the "POST GRADUATE DIPLOMA IN BANKING AND FINANCE" from Manipal University and will be absorbed in the Bank as Probationary Officers in Junior Management Grade S-I and will draw a salary which is presently in the scale of Rs. 14500 – 600/7 – 18700 – 700/2 – 20100 – 800/7 – 25700. DA, HRA, CCA will be paid as per rules of the Bank in force from time to time depending upon the place of posting. Medical Aid, Hospitalization Scheme, Leave Fare Concession, retirement benefits and other perquisites will be admissible as per Bank's rules. On a cost to company basis the annual pay package for a Probationary Officer including all the allowances, perquisites etc will be approximately Rs.6.60 lakhs.
The Bank will reimburse Rs. 1 Lakh plus interest of loan on completion of 5 years of meritorious service to the Bank's satisfaction.