Q.
What is the eligibility criteria for applying to the Indian Overseas Bank Apprenticeship Program?
A.
Candidates must be Indian citizens, aged between 20 to 28 years as of 01.07.2026 (with age relaxations for reserved categories), and hold a graduation degree in any discipline from a recognized university. The degree must be completed by 31.07.2026.
Q.
How are the apprentices selected for the program?
A.
Selection is based on an online examination (objective type) covering general/financial awareness, English, quantitative/reasoning aptitude, and computer/subject knowledge. Shortlisted candidates must also pass a local language test and a personal interaction, followed by document verification and medical fitness.
Q.
What is the stipend for apprentices during the training period?
A.
Apprentices receive a monthly stipend of โน15,500 for metro branches, โน14,500 for urban branches, and โน14,000 for semi-urban/rural branches. For NATS candidates, the stipend is reduced by โน6,150 (government subsidy), resulting in lower amounts.
Q.
Are there any reservations for Persons with Benchmark Disabilities (PwBD)?
A.
Yes, 1% of the total vacancies are reserved for PwBD across all categories. The disabilities covered include orthopedic challenges, visual impairment, hearing impairment, and intellectual disabilities, as defined under the Rights of Persons with Disabilities Act, 2016.
Q.
Can a candidate apply for apprenticeship in a state other than their home state?
A.
Candidates are advised to apply for a state/UT preferably their home state/UT. However, the final allocation depends on the availability of seats and the candidate's performance in the selection process.