I joined KOTAK MAHINDRA BANK ON 24TH NOVEMBER, 2012 as a Probationary Officer through their KOTAK PROBATIONARY OFFICER PROGRAM. The Selection was not unanimous and we had to go through proper selection process which included a written exam, a group discussion round and a personal interview round. The program fee was Rupees 3.5 lacs and it was a 9 month class room training plus 3 months of on the job training course. The name given to the course was PGDBRM (POST GRADUATE DIPLOMA IN BANKING AND RELATIONSHIP MANAGEMENT PROGRAM), it was exercised in collaboration with Manipal University in Bangalore. The fee of the program was to be financed by kotak Mahindra bank at the rate of 7%/annum and it was to be deducted from our salary once we join the bank after the completion of the course. Another such requisition from bank was a demand draft worth Rs. 42500/- which was to be sent to their head office before our arrival in Bangalore through courier only. The program had a 4 year contract with it to which we had to adhere if we had to join the course. The documents required for the course was six blank cheques signed by our parents. Now as the name suggested I was quiet impressed with opportunity and was very happy to make a career in prestigious Banking industry. But the moment i arrived in the campus where there were several Human resource personnel present with some of the senior batch students and everything seemed to be in the huff and the first thing which was asked to do was to sign on some papers without giving enough time to read it properly. Then in the next couple of days same process was followed and we were made to sign several papers and contracts without even knowing what was being served inside them. The blank cheques with photocopies of identity proof and address proof were also collected in the same course of time. Even if there was some suspicion with the process it was gone with the view of several number of other students doing the same thing. There were several occasions where questions were raised by many students about the process and the program but they were simply battered away by the HR. After couple of months as we settled in we hinted that although the name of the program was Kotak probationary officers, but our complete course comprised on how to improve our sales skills and training about all the products of kotak bank which we had to sell after the completion of the program. On enquiring about the program with our HR we were clearly told that it will not be a sales job and we were made to trust that it was a good operations post which we were eyeing for. Slowly everybody started feeling that we were being cheated and after all the formalities were completed and as we were obligated to the organisation to servefor next five years (comprising the course duration also) we all realised that it was not true. Even after several rounds of questions we were told otherwise and sometimes they use to say that it is 70% ope

I want to get rid off this loan. Kindly help what can I do for the same?

Email Id: vashisthrahul13@yahoo