Union Bank of India Apprentice Salary: The candidates appointed for the Apprentice in Union Bank of India will receive a salary in the form of a stipend after joining the post. Candidates must be familiar with the Union Bank of India Apprentice Salary and Job Profile to avoid any confusion after joining the post. Union Bank of India has specified the Union Bank of India Salary details, job profile, contract and other details in its official notification. Scroll down the page to get complete details on the Union Bank of India Apprentice stipend and other associated information.
Union Bank of India Apprentice Salary Overview
The Union Bank of India Apprentice Salary has been specified by the officials in the advertisement. Here are the key highlights of the Union Bank of India Apprentice Salary shared below for the reference of the candidates.
| Exam Conducting Body | Union Bank of India |
| Post Name | Apprentice |
| Vacancy | 500 |
| Selection Process | Online Test (objective type), Knowledge and Test of Local Language and medical exam |
| Stipend | Rs 15000 per month |
| Official Website | unionbankofindia.co.in |
Union Bank of India Apprentice Salary in Hand
Union Bank of India has invited online applications from Indian citizens for the engagement of apprentices under the Apprentices Act 1961 as amended from time to time) on its official website. The selection process is divided into three stages i.e. Online Test (objective type), Knowledge and Test of Local Language and medical exam. As per the official notification, all the apprentices will be eligible for a stipend of Rs. 15000/- per month for the engagement period of one year.
However, they must remember that they will not be eligible for any other allowances/benefits. The selected apprentices will serve in branches/offices either in their home district or preferred districts and the same will be at the Bank’s discretion.
Candidates must remember that the engagement of apprentices is not an employment in the Bank. It is on-the-job training offered by the Bank to gain experience and enhance the employability of the apprentice. It will not be mandatory on the part of the Bank to provide any employment to the apprentice after the apprenticeship program is over.
| Union Bank of India Apprentice Stipend | Rs 15000 per month |
Union Bank of India Apprentice Job Profile
The Union Bank of India Apprentice program is an on-the-job training opportunity and engagement of apprentices is not employment in the Bank. Nor it is the contract employment. Candidates working as apprentices will not be considered “employees” of the Union Bank of India and will not be eligible for any benefits which are given to the employees of the Bank. The duration of the training period will be one year. During the training period, they will receive on-the-job Training on different parameters of banking practices, products and processes. Thus, candidates must go through the Union Bank of India Apprentice eligibility criteria before applying for the programme.
Union Bank of India Apprentice Contract Rules
Candidates aspiring to apply for the Union Bank of India Apprentice programme must be familiar with the contract rules of Apprenticeship to avoid any confusion after the selection. Here is the major overview of the Union Bank of India Apprentice Contract Rules shared below for the reference of the candidates.
- Candidates found eligible for engagement based on the merit list shall be offered engagement digitally by the Bank through the appropriate apprenticeship portal.
- Aspirants receiving the apprenticeship offer letter online from the Bank should accept it on the portal by the given deadline.
- The apprenticeship training will be commenced from the training start date specified on the contract of apprenticeship.
- Upon completing the apprentice’s training, apprentices will have to undergo an assessment test. The certificate will be awarded to apprentices who are declared successful in the assessment as per prevailing guidelines.
Union Bank of India Apprentice Salary: Perks & Allowances
Apart from the fixed stipend, there are no allowances or benefits offered in the Union Bank of India Apprentice program. However, this training programme is advantageous for all the candidates aspiring to build their careers in the banking sector. This training program focuses on covering different aspects of banking practices, products and processes. This training equips them with the required knowledge and skill sets that would help them secure lucrative job profiles in the bank.
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What is the Union Bank of India Apprentice Salary?
The selected apprentices will be eligible for a stipend of Rs. 15000/- per month for the engagement period of one year.
What allowances are included in the Union Bank of India Apprentice Salary?
Apart from the fixed stipend every month, there are no allowances or benefits provided in the Union Bank of India Apprentice program
