Industrial Development Bank of India (IDBI) has published notification for the recruitment of Executive & Assistant Manager vacancy. Those Candidates who are interested in the vacancy details & completed all eligibility criteria can read the Notification & Apply Online.
Candidates are strictly advised to apply only for one of the posts, after ensuring their eligibility as per the criteria given for the respective post. Please note that multiple applications are liable to be rejected and fees/charges, if paid is non-refundable.
IDBI Bank Ltd. invites online applications from eligible candidates for the post of Executives (on contract) and for Admission to IDBI Bank PGDBF 2022-23 for absorption as Assistant Manager, Grade- ‘A’, hereafter referred to as the ‘Recruitment Process’. The above recruitments will be strictly on all India basis as per the selection process enumerated hereunder.
Vacancy
|
Name of Posts |
Total Number of Vacancy# |
Reserved for |
||||||||
| Unreserved (UR) | SC | ST | OBC | EWS | VI | HI | OH | MD/ID | ||
|
Executives (on Contract) |
1044 |
418 |
175 |
79 |
268 |
104 |
10 |
11 |
10 |
10 |
| Admissions to IDBI Bank PGDBF 2022-23 for
absorption as Assistant Manager, Grade ‘A’ |
500 |
200 |
121 |
28 |
101 |
50 |
05 |
05 |
05 |
05 |
#The number of vacancies mentioned above is provisional and can be modified/ cancelled at the sole discretion of the Bank. The Bank also reserves the right to shortlist candidates and consider these shortlisted candidates for future requirements. Offer Letter/Letter of Admission (LoA) may be issued in phases as per the Bank’s requirement.
Emoluments, Carrier Prospects and Service Conditions
The appointment of Executive will be p u r e l y on contractual basis. The contract would be initially for a period of 1 year and may be reviewed for extension on year-to-year basis for a further period of 2 years, subject to satisfactory performance, completion of assigned mandatory e-certifications, availability of vacancies at the relevant point of time and any other criteria. On successful completion of a period of 3 years of contractual service, such appointees shall become eligible for appointment as Assistant Manager (Grade A) in the Bank through a selection process that would be conducted by the Bank. Appointment as Grade A will be as per the prevailing policy of the Bank and availability of vacancy at the relevant point of time. The Executive will be paid a lump sum/fixed remuneration as given below:
| Consolidated remuneration | Rs.29,000/- per month in the first year,
Rs.31,000/- per month in the second year and Rs.34,000/- per month in the third year of service. |
Career Prospectsand Emoluments
Stipend: During the Training Period of 9 months – Rs.2,500/- per month and during the Internship Period of 3 months – Rs.10,000/- per month.
After joining the Bank’s services as Assistant Manager Grade ‘A’, only on successful completion of the course, the extant Basic Pay currently applicable to Assistant Managers in Grade A is Rs.36,000/- per month in the pay scale of 36000-1490(7)-46430-1740(2)–49910–1990(7)-63840(17 years). Candidates should note that the pay scales, allowances, reimbursements, perquisites and other terms subsisting at the time of joining and as may be modified / amended / revised from time to time would be applicable as per rules in force from time to time.
Eligibility Criteria (as on April 1, 2022)
| Parameter | Executives (on Contract) | IDBI Bank PGDBF 2022-23 |
|
Age |
Minimum: 20 years
Maximum: 25 years The candidate must have been born not earlier than April 2, 1997 and not later than April 1, 2002 (both dates inclusive) |
Minimum: 21 years
Maximum: 28 years The candidate must have been born not earlier than April 2, 1994 and not later than April 1, 2001 (both dates inclusive) |
|
Education Qualification |
Graduate in any discipline from a University recognized by the Govt. of India OR any equivalent qualification recognized as such by the Central Government. Passing only a diploma course will not be
considered as qualifying the eligibility criteria. |
|
Exam Pattern
The structure of the OT is as follows:
| Sr. No. | Name of the Test | No. of Questions | Maximum Marks | Duration |
| 1. | Logical Reasoning, Data Analysis & Interpretation | 60 | 60 | Composite time of 2 hours |
| 2. | English Language | 40 | 40 | |
| 3. | Quantitative Aptitude | 40 | 40 | |
| 4. | General/Economy/Banking Awareness/ Computer/IT | 60 | 60 |
The above tests except the tests of English Language will be available bilingually, i.e. English and Hindi.
- Candidates have to qualify in each of the four tests, by securing cut-off marks as decided by the
- Penalty for Wrong Answers – For each question for which a wrong answer has been given by the candidate, one fourth or 0.25 of the marks assigned to that question will be deducted as penalty to arrive at corrected score. If a question is left blank, e. no answer is marked by the candidate; there will be no penalty for that question.
- Candidates qualifying in OT will form the pool of shortlisted candidates and will be eligible for further selection process. Such candidates will be called on the basis of higher order of marks and age within their respective category, subject to availability of vacancies in the respective category and /or at the discretion of the
The final selection or offer of employment would be made based on category wise marks obtained in the Selection Processes, being found medically fit and subject to fulfillment of all other eligibility criteria as stipulated in the advertisement.
Apply Online : Available from 03.06.2022
Official Notification : Click
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