Table of Contents
The Central Bank of India (CBI) has officially released the notification for Apprentice recruitment under the Apprentices Act, 1961. This opportunity allows graduates to gain real-time banking experience across branches in India. While this is a training-based engagement and not a permanent post, the stipend and structure of this apprenticeship are clearly outlined by the bank. With a monthly stipend and a nationwide opportunity, it has become a popular choice for fresh graduates exploring banking careers. In this article, check the Central Bank of India Apprentice salary structure, benefits, and training details.
BANKING MONTHLY MAGAZINE – FREE PDF
Central Bank of India Apprentice Salary 2025
As per the official notification, apprentices engaged under this recruitment will receive a fixed monthly stipend during their 12-month training period. No other allowances or benefits are applicable.
Apprentice Monthly Stipend
| Post Name | Stipend (Per Month) |
|---|---|
| Apprentice | ₹15,000 (Fixed) |
-
The stipend is a consolidated amount.
-
No other pay components such as DA, HRA, or medical benefits are provided.
-
Payment is made directly by the bank through the Business Correspondent (BC) channel.
Apprentice Training Details
1: What does the acronym "ATM" stand for in banking?
-
Training Duration: 12 months
-
Engagement Type: Contractual (apprenticeship only; not employment)
-
Job Nature: Involves practical banking operations like customer handling, document verification, data entry, etc.
-
Contract Agreement: Candidates must digitally sign an apprenticeship contract via the NATS portal.
The engagement focuses on imparting skills related to branch functioning, customer service, documentation, and digital banking. This practical learning environment serves as a stepping stone for candidates targeting permanent jobs in banks and financial institutions.
Enroll in Kerala's Top-rated Bank Coaching Program!
Are you ready to take your banking career aspirations to new heights? Join Entri App's Bank Exam Coaching program to kickstart your preparations!
Join Now!Central Bank of India Apprentice Salary 2025 – Important Dates
Candidates aspiring to join as apprentices should keep track of all deadlines to avoid last-minute delays. The application process and exam schedule are time-bound. Here are the key dates from the official notification:
| Event | Date |
|---|---|
| Notification Release Date | 7th June 2025 |
| Application Start Date | 7th June 2025 |
| Last Date to Apply | 23rd June 2025 |
| Last Date for Fee Payment | 25th June 2025 |
| Tentative Exam Date | 1st Week of July 2025 |
All interested candidates should complete their NATS portal registration first and then proceed to apply for the Central Bank of India apprenticeship.
Other Key Points about the Central Bank of India Apprentice Salary
While apprentices receive a fixed stipend, it’s important to note that:
-
No additional allowances such as medical, travel, or accommodation are provided.
-
Apprentices are not eligible for bonuses, pensions, or gratuities.
-
The stipend does not increase during the training period.
-
No pay revisions or appraisals will be conducted since this is a fixed-term apprenticeship.
Despite these limitations, the scheme provides valuable industry exposure, which can help boost employability and practical banking knowledge.
Career Benefits of CBI Apprentice Role
Although this is a short-term opportunity, the benefits go beyond monetary compensation:
-
Get hands-on experience in the core functions of banking.
-
Learn customer interaction, cash handling, loan processing, and documentation.
-
Strengthen your resume with recognized public sector banking exposure.
-
Improves your performance in upcoming bank PO, clerk, and government exams.
-
Builds confidence to handle digital tools, compliance work, and financial operations.
Enroll in Kerala's Top-rated Bank Coaching Program!
Are you ready to take your banking career aspirations to new heights? Join Entri App's Bank Exam Coaching program to kickstart your preparations!
Join Now!Central Bank of India Apprentice Salary: Conclusion
The Central Bank of India Apprentice role offers more than just a monthly stipend—it provides the foundation for a future in banking. Although the ₹15,000 monthly stipend may seem modest, the hands-on experience and exposure to the banking system are invaluable. Candidates should view this as a stepping stone to larger opportunities in public sector jobs. With focused preparation and dedication during the training, this apprenticeship can open doors to various permanent roles in the finance and banking sector. Start preparing for the exam and build a rewarding career from the ground up!
Enroll in Kerala's Top-rated Bank Coaching Program!
Are you ready to take your banking career aspirations to new heights? Join Entri App's Bank Exam Coaching program to kickstart your preparations!
Join Now!Frequently Asked Questions
What is the monthly stipend for Central Bank of India Apprentices?
Selected apprentices receive a fixed monthly stipend of ₹15,000. This amount is the same for all apprentices, regardless of location. The stipend does not include any allowances. It is paid directly through the bank’s Business Correspondent system. There are no performance-based incentives during the training.
Are there any additional allowances with the CBI Apprentice stipend?
No, apprentices are not eligible for any extra benefits. There is no HRA, DA, travel, or medical allowance. The ₹15,000 is a consolidated stipend. Apprentices also do not receive bonuses or overtime pay. The role is purely training-based and not regular employment.
Is there any chance of salary increment during the apprenticeship period?
No, the stipend remains fixed at ₹15,000 for the entire 12-month training. There is no provision for increment or appraisal during the period. It is a one-time engagement. After 12 months, the contract ends automatically. Candidates can apply for other roles later based on experience gained.
Is the apprentice stipend taxable under Indian law?
Yes, the stipend may be taxable depending on the individual’s total annual income. If your income crosses the basic exemption limit, taxes may apply. Candidates are advised to consult a tax professional. No TDS is usually deducted by the bank. You may need to declare it while filing returns.
Will this stipend be enough to cover living costs during training?
The ₹15,000 monthly stipend is meant to provide basic financial support. It can help cover local travel, food, and basic accommodation if managed wisely. However, expenses will vary depending on the posting location. Candidates should plan their budget accordingly. No housing or food facilities are provided by the bank.
