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What is the salary of Graduate Apprentice of Federal Bank?

Federal Bank Limited: A Leading Private Sector Bank in India

Federal Bank Limited, headquartered in Aluva, Kochi, Kerala, stands tall as one of India's premier private sector banks, offering a wide array of banking and financial services. With a strong presence across the nation and overseas, Federal Bank has established itself as a trusted financial institution serving millions of customers worldwide.

Overview:

• Founded: 1931
• Headquarters: Aluva, Kochi, Kerala, India
• Banking Outlets: 1,408+
• ATMs/CDMs: 1,935+
• Overseas Offices: Abu Dhabi and Dubai
• Customer Base: Over 16.6 million

Key Features:

• Wide Network: Federal Bank boasts a vast network of banking outlets and ATMs/CDMs spread across various states in India, ensuring convenient access to banking services for its customers.
• Global Presence: With representative offices in Abu Dhabi and Dubai, Federal Bank caters to the needs of its customers globally, facilitating seamless international transactions and remittances.
• Remittance Services: Federal Bank plays a significant role in India's remittance market, handling more than one-fifth of the country's total inward remittances. It has remittance arrangements with over 110 Banks/Exchange Companies worldwide, making it a preferred choice for customers sending money to India.
• Listed on Major Stock Exchanges: Federal Bank is listed on prestigious stock exchanges, including the Bombay Stock Exchange (BSE), National Stock Exchange of India (NSE), and London Stock Exchange (LSE), reflecting its strong financial standing and investor confidence.
• IFSC Branch: The bank has a branch in India's first International Financial Services Centre (IFSC) at the GIFT City, further enhancing its prominence in the financial sector.

Recruitment and Opportunities:

Federal Bank offers exciting career opportunities for aspiring professionals. Recently, the bank announced recruitment for Graduate Apprentice posts, offering a competitive pay scale of ₹12,000/- per month to selected candidates. This initiative reflects Federal Bank's commitment to nurturing talent and providing valuable learning experiences to young graduates.

In conclusion, Federal Bank Limited continues to uphold its legacy of excellence and innovation in the banking industry, catering to the diverse financial needs of its customers while contributing to the growth and development of the economy.

 

Post	Monthly In-hand Salary	Grade Pay	Career Progression
Junior Scale	₹38,000 – ₹44,000	₹4,600 - ₹5,400	Junior Time Scale (Pay Level 10) - Higher Administrative Grade (Pay Level 15)
Senior Scale	₹55,000 – ₹60,000	-	-
Assistant Conservator of Forest	₹15,600 – ₹39,100	₹5,400	-
Range Forest Officer	₹9,300 – ₹34,800	₹4,800	-

Career Progression:

• Junior Time Scale (Initial Level): ₹56,100 – ₹132,000 (Pay Level 10)
• Senior Time Scale (5th year): ₹67,700 – ₹160,000 (Pay Level 11)
• Junior Administrative Grade (8th year): ₹78,800 – ₹191,500 (Pay Level 12)
• Selection Grade (12th year): ₹1,18,500 – ₹2,14,100 (Pay Level 13)
• Super Time Scale (16th year): ₹1,31,100 – ₹2,16,600 (Pay Level 13A)
• Senior Administrative Grade (20th year): ₹1,44,200 – ₹2,18,200 (Pay Level 14)
• Higher Administrative Grade (27th year): ₹1,82,200 – ₹2,24,100 (Pay Level 15)

Please note that the salary figures and career progression mentioned above are approximate and subject to change based on government policies and regulations. Candidates are advised to refer to the official UPPSC guidelines and notifications for detailed and updated information.

BENEFITS 

• Relevant Experience: As a graduate apprentice, you gain practical experience working alongside your degree. This immediate exposure to the workplace advances your "soft skills" and prepares you for the demands of the industry.
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• Holistic Development: Graduate apprenticeships provide a holistic development experience in both study and work. You learn theoretical knowledge through taught modules at university while applying it practically in the workplace. This dual approach enhances your learning and skill acquisition.
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• Paid Education: One of the significant advantages of a graduate apprenticeship is that your degree is fully paid for, eliminating the financial burden of tuition fees. Additionally, you receive a salary just like a normal employee, allowing you to support yourself financially while pursuing your education.
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• Industry Exposure: Working for an employer and with a learning provider gives you real-life industry exposure. You get to apply your learnings to solve work-related problems, gaining valuable insights into the operations and challenges of your chosen field.
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• Reputable Qualification: By completing a graduate apprenticeship, you obtain your qualification from a reputable university or college. This enhances your credentials in the job market and increases your employability, as employers often value candidates with both academic qualifications and practical experience.

In summary, graduate apprenticeships offer a unique blend of education and practical experience, setting you up for a successful career.