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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 Union 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 Union Bank)
Will I get any certificate?
This Apprenticeship programme is being conducted jointly by Union Bank, under National Skill Development Corporation (NSDC) and the "BFSI Sector Skill Council of India (BFSI-SSC)."
BFSI-SSC was started in 2011, with the objective of convening leading organizations within the BFSI (Banking, Financial Services and Insurance) industry to devise strategies and operational plans aimed at establishing standardized skill requirements for various job roles within the banking sector.
Proving successful completion of the apprenticeship involves passing a skill evaluation test (Trade test).
On passing the test, you will get a joint National Apprenticeship Certificate issued jointly by Union 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 Union Bank?
No this will not give you a permanent job in Union 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, which also include subsidy of ₹4,500 paid by Government of India. So actual stipend will be:
₹15,000 - 4,500 = 10,500
However, it's important to note that apprentices do not receive any other allowances or benefits.
Work Profile of a Union 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 Union 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 (Union 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 Union Bank Apprenticeship Programme 2024:
Application Begins: 28/08/2024
Application Ends: 17/09/2024
Complete Form Last Date: 17/09/2024
Online Examination: will be announced later
Application Fees:
₹944 for General/OBC/EWS,
₹708 for Female/SC/ST, and
₹472 for Physically Handicapped (PwBD)
Educational Qualification (As on 17/09/2024):
Graduate in any stream from any UGC recognised university.
Age limit (As on 01/08/2024):
Minimum: 20 years
Maximum: 28 years
Age relaxation in the upper age limit will be given to:
1. OBC: 3 years
2. SC/ST: 5 years
3. Physically Handicapped: 10 years
Vacancies:
A total of 500 vacancies for Union Bank Apprentice have been notified, which is distributed as follows:
A. Category-wise:
UR: 248, EWS: 41, OBC: 115, SC: 64, ST: 32
B. State-wise:
1. Uttar Pradesh: 61
2. Bihar: 05
3. Jharkhand: 05
4. Madhya Pradesh: 16
5. Delhi: 17
6. Chhattisgarh: 04
7. Rajasthan: 09
8. Himachal Pradesh: 01
9. Haryana: 07
10. Punjab: 10
11. Uttarakhand: 03
12. Goa: 04
13. Tamil Naidu: 55
14. Telangana: 42
15. Odisha: 12
16. Kerala: 22
17. Andhra Pradesh: 50
18. Maharashtra: 56
19. Arunachal Pradesh: 01
20. Assam: 04
21. Karnataka: 40
22. West Bengal: 16
23. Gujarat: 56
24. Jammu & Kashmir: 01
25. Chandigarh: 03
How to Apply?
(a) All eligible candidates need to first get registered on both the Apprenticeship Portals of Government of India viz NAPS portal: https://www[dot]apprenticeshipindia[dot]gov[dot]in (mandatory for all candidates) and on the NATS Portal : https://nats[dot]education[dot]gov[dot]in (only for candidates who have passed their graduation examination after 1st April 2020).
(b) In case the candidates are facing issues in getting themselves registered they are advised to go through the help manual available on the respective apprenticeship portals. For NAPS portal refer to “Candidate User Manual” under the “Get Started” section of https://www[dot]apprenticeshipindia[dot]gov[dot]in and for NATS portal: https://nats[dot]education[dot]gov[dot]in
(c) All candidates are supposed to remember their respective login id and passwords of both the apprenticeship portals as applicable to them, as they will be repetitively visiting the apprenticeship portals for various activities till their completion of the Apprenticeship program.
(d) Candidates who have registered on NAPS and NATS portal will have to apply for the Apprenticeship opportunity/advertisement published by the Bank on the portals. For NAPS portal search for “Union Bank of India” under “Search by Establishment Name” by visiting the link: https://www[dot]apprenticeshipindia[dot]gov[dot]in/apprenticeship/opportunity and for NATS portal candidates can view the Apprenticeship Advertisement of “Union Bank of India” after login into the portal by visiting https://nats[dot]education[dot]gov[dot]in/student_type.php
(e) It is very IMPORTANT for all candidates who have applied need to MAKE NOTE of their Apprentice Registration Code (issued by NAPS portal) and Enrolment Id (issued by NATS portal). For all your future correspondence this information will be required.
(f) All Candidates who have applied successfully for the Apprenticeship Opportunity/Advertisement on NAPS and/or NATS will receive an email from BFSI SSC (naik[dot]ashwini@bfsissc[dot]com) inviting them to give some more details about the choice of district for their training and make the payment for the online examination.
You will also need these documents to apply:
1. Aadhaar Card
2. Valid Personal Email ID
3. Mobile Number
4. Passport Size Photo (less than 1 MB)
5. Qualifying Degree/Provisional
Certificate (less than 1 MB)
Selection Process:
It consists of a computer based examination, followed by a test of the local language.
On the basis of your performance in this test, and qualifying local language tests of your regional preference, you will be selected for this Apprenticeship.
This exam will be of MCQ type, and its structure will be:
a. 25 questions from General/Financial Awareness (of 25 marks).
b. 25 questions from General English (of 25 marks).
c. 25 questions from Quantitative and Reasoning Aptitude (of 25 marks).
d. 25 questions from Computer Knowledge (of 25 marks).
Total: 100 questions (of 100 marks)
Time Duration: 60 minutes
Negative Marking: -0.25 marks (1/4th)
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.
That's all about Union Bank Apprenticeship 2024 notification.
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