But what is an apprenticeship? Is it a permanent job, or any kind of training? Is it useful for me? What salary should I expect?
Don't worry. I have answered all these questions in this blog.
What is Apprenticeship?
Apprenticeships are a work-based learning model where learners have supervised on-the-job training, along with job-related education, all while earning a wage.
Training consists of basic training (theoretical instructions) and practical on the job training at the actual work place. The person undergoing an apprenticeship is called an Apprentice.
In case of Banks, Apprenticeship is of one year duration, where you attend theory classes, as well as, learn banking procedures at the Bank itself!
During this time, your duties will involve doing important tasks like administrative work and providing various services at the Bank.
Overall, it's a probationary period to learn and gain experience.
Is it different from Internship?
Yes, it is different from an internship in mainly three ways:
1. Time Duration: Internships are usually short term (1-3 months) and Apprenticeships are longer term (1-3 years).
2. Structure: Apprenticeships include a structured training plan, with a focus on mastering specific skills an employer needs to fill an occupation within their organization. Whereas, Internships aren’t structured and often focus on entry-level general work experience.
3. Credential: Apprenticeships lead to an industry-recognized credential/certificates. Internships typically do not lead to a credential.
Duration of UCO Bank Apprenticeship
This Apprenticeship will be 1 year (52 weeks) long, which will include:
a. 2 weeks Basic Training (theory classes)
b. 50 weeks On-the-Job Training (posted in any branch of UCO Bank)
Will I get any certificate?
This Apprenticeship programme is being conducted by UCO Bank, under National Apprenticeship Training Scheme (NATS).
Proving successful completion of the apprenticeship involves passing a skill evaluation test (Trade test).
On passing the test, you will get a National Apprenticeship Certificate issued jointly by UCO Bank-NSDC/BFSI-SSC.
This certificate will be very helpful in boosting your finance career and getting you an Assistant Manager job in any private sector bank.
Will this Apprenticeship give me a permanent job in UCO Bank?
No this will not give you a permanent job in UCO Bank.
But you will definitely get a very good job in private sector banks.
Will I get paid in this Apprenticeship?
Yes, you will get paid!
You will receive a monthly stipend of ₹15,000, of which, ₹10,500 will be paid by the bank and rest ₹4,500 will be paid by the government.
However, it's important to note that apprentices do not receive any other allowances or benefits.
Work Profile of a UCO Bank Apprentice:
1. Engage in various administrative tasks to learn how the bank and its different departments function.
2. Receive training in providing after-sale services.
3. Be responsible for completing tasks assigned by supervisors or senior employees.
4. Obtaining insight into the operational mechanisms of the organization, which is crucial for comprehending its functioning.
What are the benefits of this UCO Bank Apprenticeship?
This Apprenticeship programme will boost your career in Banking and Finance Sector. Some of the benefits are:
1. It will help you in learning everything about the banking, insurance and finance sector. You will be able to make good decisions related to your money and finances.
2. After getting trained in BFSI, you can work independently as a financial advisor, and give advice related to loans and investments to people.
3. Since you are trained in BFSI by one of the leading banks of India (UCO Bank), your value in the market will rise up. You will get a very good job in private sector banks or insurance companies or any company providing financial services. In private banks, you may get posted as an Assistant Manager, with a decent salary.
Overview of UCO Bank Apprenticeship Programme 2024:
Total Seats: 544
Online Registration of Application: 02/07/2024 to 16/07/2024
Application Fees: ₹0 (no application fees)
Selection Process: Through Screening and Personal Interview only.
(However, if number of applicants are more, then UCO Bank may conduct a written test).
After getting selected, your knowledge of local knowledge (of the region you selected in your form) will be tested.
Qualifying this is very important for appointments.
Who is Eligible?
Educational Qualification: Graduate in any stream from any UGC recognised university. (Before 1st July 2024).
Age limit: 20 years (minimum) to 28 years (maximum). (As on 1st July 2024)
Note:
1. In the case of OBC, you get a relaxation of 3 years in the upper age limit.
2. In the case of SC/ST, you get a relaxation of 5 years in the upper age limit.
3. In the case of Physically Handicapped (UR/EWS), you get a relaxation of 10 years in the upper age limit.
4. In the case of Physically Handicapped (OBC), you get a relaxation of 13 years in the upper age limit.
5. In the case of Physically Handicapped (SC/ST), you get a relaxation of 15 years in the upper age limit.
How to Apply?
1. Candidate will have to register and complete his/her profile on NATS portal nats[dot]education[dot]gov[dot]in (Student Register/ Student login), if not done before.
2. Candidates will have to fill the Basic information, Education Details, Communication Details, Training Details, and Bank details to complete his/her profile.
3. The Student Manual is available on the NATS portal for detailed instruction and guidance.
4. On completion of registration process, search for "UCO Bank Apprenticeship Engagement" and then apply.
5. After applying, the candidate can check for applications status from the application management.
For Detailed Information (on vacancies distribution), you should visit the Career section of UCO Bank’s website.
And to get more such interesting updates on all government jobs, keep visiting my blog!
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