IDBI Bank Recruitment Jr Assistant Manager 2024- Apply online for 500 Posts.

 Introduction:

Are you looking for a promising career opportunity in the banking sector? Industrial Development Bank of India (IDBI) has announced recruitment for Jr Assistant Manager Grade ‘O’ positions, offering a total of 500 vacancies. This article provides all the essential details you need to know to apply for this prestigious position.

     

                                         

Name Of The Posts:

Jr Assistant Manager Grade ‘O’

Important Dates to Remember:

Mark your calendars with these essential dates to ensure you don’t miss out on this opportunity:

Starting Date for Online Application: 12-02-2024

Last Date for Online Application: 26-02-2024

Last Date for Payment of Fee: 26-02-2024

Tentative Date of Online Test: 17-03-2024

Application Fee:

To apply for the Jr Assistant Manager Grade ‘O’ position, candidates belonging to the general category need to pay an application fee of Rs. 1000, whereas SC/ST/PWD category candidates only need to pay Rs. 200 as intimation charges. The application fee can be paid online, ensuring a hassle-free process for all applicants.

Age Limit:

As of 31st January 2024, candidates applying for the Jr Assistant Manager Grade ‘O’ position must be between 20 to 25 years old. Age relaxation is applicable as per government rules, providing flexibility to eligible candidates.

Education Qualifications:

Candidates should be Graduates from any discipline from a university recognized by the Government of India or an equivalent qualification recognized by the Government of India. Passing only a diploma course will not be considered as qualifying the eligibility criteria. - Candidates are expected to have proficiency in computers. - Proficiency in regional language will be preferred.

Vacancy Details:

IDBI Bank is offering a total of 500 vacancies for the Jr Assistant Manager Grade ‘O’ position. This signifies a significant opportunity for aspiring candidates to kick-start their careers in the banking sector.

Essential Qualification	Age (years) as of 31/01/2024	Date of Online Test (Tentative)	Number of Vacancies	Reserved for	UR	SC	ST	EWS	OBC	PWD	VI	OH	HI	MD/ID
Graduate in any discipline	Minimum 20, Maximum 25*	March 17, 2024 **	500#	UR	203	75	37	50	135	6	5	6	5

Emoluments:

i)Stipend - During the Training Period (6 Months) – Rs.5,000/- per month;

during the Internship Period (2 Months) – Rs.15,000/- per month. The Bank

reserve the right to recover the stipend from the candidates who exit during the

course or before joining the Bank's service. After the completion of the

8 months (Training + Internship) and subject to successful completion of the

PGDBF course candidates will be absorbed in the Bank and shall be posted as an

OJT for an initial period of 4 months at any of the Bank’s branches/offices as per

requirement.

ii) After joining the Bank’s services as Junior Assistant Manager -JAM (Grade

‘O’) and subject to successful completion of the PGDBF course, compensation

(CTC) would range between Rs.6.14 lakh to Rs.6.50 lakh (Class A city) at the

time of joining.

iii) Grade “O” officers shall be eligible for TA/HA, local conveyance, subsidized

lunch facility, Visiting Officer Facility in line with facilities/limits applicable to

Grade 'A' officers of the Bank. However, any other allowances, performance-linked variable pay, staff loans, perquisites, benefits, and other facilities that apply to other full-time employees of the Bank shall not be admissible.

iv) Annual increment shall be granted based on performance or any other parameters

as decided by the Bank from time to time.

v) Grade “O” officers shall be considered for promotion to Grade 'A' on completion

of 3 years of service, as per Bank norms, subject to performance, availability of

vacancies and other criteria which will be as stipulated in the Bank’s Promotion

Policy as amended from time to time.

How to Apply:

Before proceeding with the online application, interested candidates are advised to read the full notification carefully. The notification contains detailed information about eligibility criteria, the application process, and other essential instructions. Candidates who meet the eligibility criteria can proceed to apply online through the official website of IDBI Bank.

Important Links:

Official Website	Click Here
Notification	Click Here
Apply Online	Click Here

Selection Process:

The selection process will comprise of Online Test followed by a personal interview of

the candidates, who have qualified in the online test. The online test will be objective in

nature. The details of the same are furnished hereunder.

S. 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	60	60

The applicants will be called for the Online Test based on the information provided by them in the online application form, subject to scrutiny at a later date. 3. 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 a penalty to arrive at a corrected score. If a question is left blank, i.e. no answer is marked by the candidate; there will be no penalty for that question. 4. The applicants, who are successful in the Online test, will be called for a personal interview. While the number of candidates to be called for an interview will be at the discretion of IDBI Bank, an adequate number of candidates in each category, as decided by the Bank, will be called for an Interview. During the interview, the candidates will have the option to answer the questions in Hindi or English. Applicants qualifying for the personal interview shall be considered for final shortlisting. The interview will consist of 100 marks & candidates will have to score minimum qualifying marks in an interview to be considered for final selection. 5. Each candidate will be required to obtain a minimum score in each test of the online examination and also a minimum total score to be considered for being shortlisted for a personal interview. Based on the number of vacancies, cut-offs will be decided and candidates will be shortlisted for interview. Before the completion of the interview process, scores obtained in the online examination will not be shared with the candidates shortlisted for the interview. The personal interviews shall be of 100 marks and candidates need to score the minimum qualifying marks in an interview which shall not be less than 50% (45% for SC/ST/OBC/PWD candidates). The combined final score of candidates shall be arrived at based on scores obtained by the candidates in the Online Test and Interview. While appearing for the Interview candidate should produce valid prescriptions.

documents as indicated in the relevant sections of this advertisement. In the absence of documents, the candidature of the candidates shall be canceled. IDBI Bank takes no responsibility for receiving/collecting any certificate/ document sent separately. A candidate should qualify both in the Online Test and interview and rank sufficiently high in the combined marks merit list to be shortlisted for selection to be in the reckoning for inclusion in the final select list. The final selection or offer of employment would be made based on the following formula Final Score = 3/4 of Online Test Score +1/4 of Interview Score (Interview shall be of 100 marks and candidates need to score the minimum qualifying marks in an interview which shall not be less than 50% (45% for SC/ST/OBC/PWD candidates) & being found medically fit by the Bank’s Medical Officer subject to fulfillment of all other eligibility criteria about age, qualification and successful completion of the course and award of certificate by Manipal University/Nitte University as stipulated in the advertisement.

Programme Fees:

Programme fees for this Course will be Rs.3,00,000/- (Rupees Three lakh only) plus GST, as applicable, to be paid by the students in installments as per a fixed schedule during the 1-year programme ( inclusive of course fees, lodging, boarding, and other fees, 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 bodies/organizations from time to time for conducting these Certification exams. As per current Bank guidelines, amended from time to time, the course fee shall be reimbursed as a deferred payment of five annual installments starting after the completion of 3 years of service and upon confirmation in the Bank’s services as well as satisfactory performance appraisal ratings.

Loan Options:

Selected candidates can finance the course fees by availing Education Loan, if they so desire, which will be granted by IDBI Bank as per its existing education loan scheme.

Conclusion:

Don’t miss out on this golden opportunity to join IDBI Bank as a Jr Assistant Manager Grade ‘O’. With 500 vacancies available, there’s ample scope for qualified candidates to secure a promising career in the banking sector. Mark the important dates, ensure you meet the eligibility criteria, and apply online to take the first step towards a rewarding career with IDBI Bank