What is the duration of Kotak NextGen Bankers Program?

• Stage 1: 4 Months Residential classroom program at Manipal Academy of BFSI campus, Bengaluru
• Stage 2: 2 Months Internship with Kotak Mahindra Bank
• Stage 3: 6 Months On-the-Job Training (OJT) with Kotak Mahindra Bank

Is the program fully residential?

The Program is fully residential during the first 4 months Classroom Program. Hostel accommodation is provided to all students by Manipal Academy of BFSI. The course fee is inclusive of all boarding & lodging costs at Manipal campus.
Candidates will move to their respective branch location that is assigned to them for their Internship (Stage 2) and On-the-Job Training (OJT) (Stage 3).

Will Boarding & Lodging facility be covered in the course fee?

Boarding & lodging facility shall be provided only during the 4-Month classroom program at Manipal Academy of BFSI campus located in Bengaluru. During Internship and On-the-Job Training (OJT) stages (Month 5 onwards), candidates need to arrange their own boarding & lodging facilities.

What is the Health Insurance coverage for the candidates during the program?

Candidates are provided a health insurance coverage for the program duration (12 months) for a sum up to INR 1 Lakh.

Is a job assured after the Program?

All candidates who successfully complete all the stages of Kotak NextGen Bankers Program will join Kotak Mahindra Bank as Elite Relationship Manager-Household/Business Banking (Deputy Manager).

What are the details of the stipend paid to candidates during the program?

All candidates are paid a stipend throughout the 12 month program. The details are as below:

• Stage 1 (Month 1 – 4): Manipal Academy of BFSI, Bengaluru – INR 5,000/Month
• Stage 2 (Month 5 – 6): Internship – INR 25,000/Month
• Stage 3 (Month 7 – 12): On-the-Job Training (OJT) – @ CTC of INR 5 LPA

Will there be any probation period on joining the Kotak NextGen Bankers Program?

Candidates joining the program will have a probation period of 18 months from the Date of Joining.

Will the travel expense from Home location to Manipal Academy campus be reimbursed?

Expenses for travelling from home location to the Manipal Academy campus in Bengaluru have to be borne by the candidate. Kotak Mahindra Bank shall not reimburse the same.

Will the travel expense from Manipal Academy campus to Internship and On-the-Job Training (OJT) location be reimbursed?

Expenses for travelling from Manipal Academy campus in Bengaluru to the branch/office location for Internship and On-the-Job Training (OJT) have to be borne by the candidate. Kotak Mahindra Bank shall not reimburse the same

What is the medium of study during the program?

The medium of study will be English.

What will be the class schedule at Manipal Academy of BFSI, Bengaluru?

The classes will be held for 9 hours each day. The classes will be held 5 days a week.
On Saturdays, there would be field visits, leadership connects, branch visits etc.

What are the Salient Features of Kotak NextGen Bankers Program?

• The Program has a wholesome curriculum comprising of classroom learnings, leadership sessions, e-learning, On-the-Job Training (OJT) and Internship.
• The course structure includes sessions on core banking, specialized areas in banking, sales, general management, etiquette, grooming, personal presentation and language.
• The classroom sessions (04 months) will be conducted at the Manipal Academy of BFSI campus at Bengaluru and Internship (02 months) + On-the-Job Training (OJT) (06 month) will take place at any of the Kotak Mahindra Bank branches/offices across India.
• The candidates are paid stipend during their 04-month duration of the Classroom Program and a stipend during the 08 months’ On-the-Job Training (OJT) and Internship period.
• On successful completion of all stages of the Program, the NextGen Bankers will be joining Kotak Mahindra Bank as Elite Relationship Manager-Household/Business Banking (Deputy Manager).

Are leaves allowed during the Training program?

Leave would be given only with the specific permission of the Head of Program at Manipal University campus in Bengaluru and Program Coordinator or Kotak Mahindra Bank HR Department. The same will be allowed at the sole discretion of Kotak Mahindra Bank.

What is the Assured Bonus component that has been mentioned in the Program Details?

The bank shall provide a tenure based assured bonus of INR 1.5 lakh to the candidates as below:

• INR 75,000 paid on completion of 18 months from the date of commencement of On-the-Job Training (OJT)
• INR 75,000 paid on completion of 30 months from the date of commencement of On-the-Job Training (OJT)

It is subject to the condition that the candidate shall be in active employment with the Bank at the time of disbursement of the bonus.

What happens if I am unsuccessful at completing the program?

The candidate is not entitled to seek an employment with Kotak Mahindra Bank if he/she is unable to complete the Program successfully and the offer letter stands withdrawn. Further, the Bank is not liable for any fees paid for the course to Manipal Academy of BFSI or any other expenses incurred with regards to the Program by the candidate.

What are the job locations where I may be posted after joining Kotak?

Kotak NextGen Bankers may be posted at any branch/office of Kotak Mahindra Bank across India. While preference of candidates may be asked, there is no guarantee that the same will be provided at the time of posting. Posting shall be on the basis of available vacancies across India.

What will the job of Elite Relationship Manager-Household/Business Banking (Deputy Manager) entail?

The role offered will be a Sales role that will constitute of selling banking & financial products to the bank’s existing & new customers.

How to procure Education Loan for the program?

Candidates will be provided with relevant contacts of banks in order to procure the loans for funding the program. Further, the loan shall be provided at the sole discretion of the Financial Intermediary/Bank concerned.

Can I pay the fee without availing the loan facility?

Yes, candidates may self-fund their program without availing to any loan facility.

What would the Job of a Elite Relationship Manager-Household/Business Banking entail?

A. The Roles and Responsibilities of a Elite Relationship Manager-Household/Business Banking (ERM-HH/BB) are:

• Develops new and expands existing High Net worth Customer relationships for liabilities by sourcing customers
• Sources new bank customers through external individual efforts and acquisition channel
• Cross sells bank products to existing set of Branch customers which are mapped
• Informs customers of new products or product enhancements to further expand the banking relationship
• Plans and conducts special sales initiatives and events for prospective and existing clients
• Coordinates with other group companies to provide seamless access to other products
• Maintains complete relationship record for assigned customer accounts
• Tracks customer complaints/queries and turnaround times for customer satisfaction

What is the course fee for Kotak NextGen Bankers Program?

Candidates need to pay INR 2,80,000 (including taxes) to Manipal Academy of BFSI for the program. The program fee is inclusive of boarding & lodging, Android Tablet and health insurance coverage of the candidate. Please note that boarding & lodging facility is provided only during the 4-Month classroom program at Manipal Academy of BFSI campus located in Bengaluru.

What is the Eligibility criteria for the Kotak NextGen Bankers Program?

Candidates need to ensure eligibility conditions as follows:

• Candidates shall have a Graduation degree in any discipline from a recognised university
• Candidates shall have a minimum aggregate score of 60% in Graduation
• Candidates shall not be older than 27 years on the date of application

What is the selection process for the program?

The selection process would involve the following steps

• Online Registration
• Online Assessment
• Personal Interview

Kotak Mahindra Bank can modify the selection process without any prior intimation.

Where will the 12 month Program be conducted?

The first 4 months of the program is of a fully residential classroom program. The classroom program shall be conducted on the Manipal Academy of BFSI campus in Bengaluru.
In the next 8 months, NextGen Bankers will undertake 2 months Internship and 6 months On-the-Job Training (OJT). During the Internship and On-the-Job Training (OJT), NextGen Bankers will be based at any of the Kotak Mahindra Bank Branches/Offices across the country. Internship and On-the-Job Training (OJT) placement locations are at the sole discretion of the bank.

What is the Degree/Diploma awarded at the end of this Program?

On successful completion of the One Year Kotak NextGen Bankers Program, candidates will be awarded a Post Graduate Diploma in Relationship Banking (PGDRB) by Manipal Academy of Higher Education (MAHE).

When will I get the Degree/Diploma for the program?

The PGDRB certificate will be issued on the successful completion of the Program which means that the candidate needs to:

• Successfully complete the 4-Month classroom program
• Fulfil other academic requirements as specified in the curriculum. These will include practical training, work visits, seminars, project submissions etc.
• Successfully complete the 2 months of Internship.
• Satisfactory performance during 6 months of On-the-Job Training (OJT).

Would the program entail any business targets?

There would not be any targets during the Classroom Program at Manipal Academy of BFSI and internship. However during the On-the-Job Training (OJT) (7-12 months), there will be real-time exposure and step-up targets assigned to NextGen Bankers to align them towards the role of a Elite Relationship Manager-Household/Business Banking.