Public Sector Banks- IDBI Bank Executive & Assistant Manager Recruitment 2022– IDBI Bank invites Online applications for recruitment of 1544 Executive & Assistant Manager, Grade ‘A’ (PGDBF 2022-23) Posts. Apply before 17 June 2022.

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Name of the Post & No of Vacancies:

IDBI Bank Ltd., hereafter referred to as ‘the Bank’ 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

SI No Name of Posts No. of Posts
1. Executives (on Contract) 1044
2. Admissions to IDBI Bank PGDBF 2022-23 for absorption as Assistant Manager, Grade ‘A’ 500
Total 1544

Educational Qualification: (As on 01.04.2022)

Note- 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.

i. 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.

ii. The candidate must possess valid Mark-sheets (year/semester wise or consolidated) and Degree/ Provisional Degree Certificate issued by the University showing that he/ she is a graduate as on April 01, 2022 before registration. The date mentioned on the final year/ semester mark-sheet or Degree/ Provisional degree certificate issued by University will be reckoned as the date of passing the graduation. In case the result of a particular examination is posted on the website of the University / Institute and web based certificate is issued then proper document/certificate in original issued and signed by the appropriate authority of the University / Institute indicating the date of passing properly mentioned thereon will be reckoned for verification and further process. Candidates must therefore possess proper mark sheets and certificates before registering.

iii. Computer Literacy: Operating and working knowledge of computer is mandatory i.e. candidates should have Certificate/Diploma/Degree in computer operations/Language/ should have studied Computer / Information Technology as one of the subjects in the High School/College/Institute.

Age Limit: (As on 01.04.2022)

1. Executives (on Contract) – 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)

2. Assistant Manager, Grade ‘A’ (PGDBF 2022-23) – 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)

The Upper age limit is relaxed by 5 years for SC/ST; 3 years for OBC, 10 Years for Persons with Disabilities (15 years for SC/ST PWD’s & 13 years for OBC PWD’s) and for Ex-S as per Govt. of India rules. Candidates Relaxation in Upper Age limit will be provided as per Govt. Rules. Go through IDBI Bank official Notification 2022 for more reference

Salary Details:

1. Executives (on Contract)

Emoluments, Career 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.

2. Admissions to IDBI Bank PGDBF 2022-23 for absorption as Assistant Manager, Grade ‘A’ –

The Bank has an arrangement with Manipal Global Education Services Private Limited (Manipal), Bengaluru and Nitte Education International Private Limited (Nitte), Greater Noida to provide training in Banking and Finance to prospective candidates aspiring to join the Bank as Assistant Manager Grade ‘A’. Currently the 1 year Post Graduate Diploma in Banking and Finance (PGDBF) comprises of 9 months of classroom studies at campus and 3 months of internship at the Bank’s branches or offices. However, bank reserves the right to alter the timelines as noted above based on business requirement, industry standards etc. After successful completion of the course, the candidates will be awarded PGDBF certificate and will be inducted into the Bank as Assistant Manager Grade ‘A’ subject to fulfillment of eligibility criteria as stated in this advertisement.

Programme Fees: Programme fees for this course will be Rs.3,50,000/- (Rs. Three Lakh Fifty Thousand only) plus GST, as applicable, to be paid by the students in lump sum or in installments as per a fixed schedule during the one year programme. The said fee is inclusive of course fees, lodging, boarding and other charges, etc.

Apart from the above course fees, the exam fees for undergoing various certification exams as mandated under the course will have to be borne additionally by the candidates, as per the fees charged by respective body/organizations from time to time for conducting these Certification exams.

Career Prospects and 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.

Selection Process:

IDBI Bank may follow the following process to select the candidates.

(a) Executive (On contract): The selection process shall comprise of an Online Test (OT), Document Verification (DV) and Pre Recruitment Medical Test (PRMT).
(b) Admission to IDBI Bank PGDBF 2022-23 for absorption as Assistant Manager, Grade ‘A’: The selection process shall comprise of OT, DV, Personal Interview (PI) and PRMT.

Application Fee/Exam Fee: 

Name of the Community Fee Details
For SC/ST/PWD Candidates Rs.200/-
For All Other Candidates Rs.1000/-
Note: The payment can be made by using Debit Cards (RuPay/ Visa/ MasterCard/ Maestro), Credit Cards, Internet Banking, IMPS, Cash Cards/ Mobile Wallets by providing information as asked on the screen.

How to apply:  

Candidate(s) fulfilling all the above clearly laid down criteria will have to apply online only through the link on the IDBI Bank website in the careers webpage under current openings section i.e. from 03.06.2022 to 17.06.2022. No other mode of application will be accepted.

Important Dates: 

Starting Date for Submission of Application 03.06.2022
Last date for Submission of Application 17.06.2022
Last Date for Payment of Application Fees 17.06.2022
Tentative Date of Online Test*
Executive (on contract) 09.07.2022
Admission to IDBI Bank PGBDF 2022-23 23.07.2022

View Notification

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