IDBI to recruit 500 Banking Executives 2014-2015 through PG Diploma

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Post Graduate Diploma in Banking and Finance (PGDBF) 2014-15 in IDBI Manipal School of Banking, Bangalore

The Bank invites applications from young, dynamic graduates for admissions in IDBI Manipal School of Banking, Bangalore for 1 year Post Graduate Diploma in Banking and Finance (PGDBF)

After the successful completion of the course, the candidates will be awarded PGDBF from Manipal University and will be inducted into IDBI Bank as Assistant Manager Grade ’A’

Essential Qualification: Graduation from a recognized University

Maximum Age as on Cut-off date: 26 years

Date of Online Test (Tentative): 22nd Aug 2014

Vacancies: 500**Reserved for (SC - 75, ST - 37, OBC - 135), PWD - (VH - 08, OH - 07)

*Relaxation in maximum age to SC/ST/OBC/PWD/Ex-Servicemen as per Government guidelines

The number of posts mentioned above is provisional and may vary depending on future requirements

The Bank reserves the right to empanel the candidates and consider these empanelled candidates(s) for future requirements

Eligibility Criteria

a) Cut off date: 01st June 2014

b) Applicant must be either (i) a citizen of India, or (ii) a subject of Nepal, or (iii) a subject of Bhutan, or (iv) a Tibetan refugee (who came over to India before 1st January 1962) with the intention of permanently settling in India or (v) a person of Indian origin, who have migrated from Pakistan, Myanmar (formally Burma), Sri Lanka, East African Countries of Kenya, Uganda, the United Republic of Tanzania (formerly Tanganyika and Zanzibar), Zambia, Malwai, Zaire, Ethiopia and Vietnam with the intention of permanently settling in India. Provided that an applicant belonging to categories (ii), (iii), (iv) or (v) above shall be a person in whose favour a certificate of eligibility has been issued by Govt of India

The applicant, in whose case a certificate of eligibility is necessary, may be admitted to the selection process conducted by the Bank, but on final selection, the offer of appointment may be given only after the necessary eligibility certificate have been issued to him/ her by the Govt of India
c) Maximum age limit for General Category candidates applying for the post is 26 years and Minimum age is 20 years as on cut-off date

The SC/ST/OBC/PWD and Ex servicemen candidates will be extended age relaxation as mentioned below at point no

d) Candidates are expected to have proficiency in computers

e) The Bank reserves the right to raise or modify the eligibility criteria pertaining to educational qualification including percentage of marks secured at Graduation level. Depending upon the requirement, Bank reserves the right to cancel or restrict or curtail or enlarge any or all of the provisions of the recruitment process, if need so arises, without any further notice and without assigning any reason there for

f) Those who are in the final year of their Graduation/ Semester may also apply provisionally subject to the condition that, if called for interview, they will have to produce proof of having passed the graduation exam on or before 12th July 2014 (last date for online registration)

Age relaxation: The SC/ST/OBC/PWD & Ex-Servicemen candidates will be extended age relaxation as per the Govt of India guidelines, as under:

By 3 years in upper age limit in the case of OBC candidates having certificate from the Competent authority with non-creamy layer clause

By 5 years in upper age limit in the case of:

SC/ST candidates,

i) Ex-servicemen (including Emergency Commissioned Officers or Short Service Commissioned Officers), provided candidates have rendered at least five years continuous Military Service and have been released on completion of assignment (including those whose assignment is due to be completed within one year) otherwise than by way of dismissal or discharge on account of misconduct or inefficiency or on account of physical

ii) Candidates, who had ordinarily been domiciled in Kashmir Division of the State of Jammu & Kashmir between 1st January 1980 & 31st December 1989

For the Children or family members of those, who have died in the 1984 riots

iii) By 10 years in upper age limit for PWD (General category), 13 years for PWD (OBC category) and 15 years for PWD (SC or ST category) candidates

Selection Process

The selection process will comprise of Online Test followed by 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:

i) Reasoning - 50 questions; 50 max marks

ii) English Language - 50 questions; 50 max marks

iii) Quantitative Aptitude - 50 questions; 50 max marks

iv) General Awareness (with Special Reference to Banking) - 50 questions; 50 max marks

Duration: Composite time of 2 hours

The candidates 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

The final selection or offer of employment would be made based on applicant’s marks in the interview, Online test, being found medically fit and subject to fulfillment of all other eligibility criteria with regard to age and qualification as stipulated in the advertisement

Online Test Centres

The online test would be held at the following centers viz. Chennai, Madurai, Coimbatore, Hyderabad, Vishakhapatnam, Vijayawada, Kochi, Bangalore, Hubli, Mangalore, Mumbai, Kolhapur, Nagpur, Bhopal, Ahmedabad, Rajkot, Jaipur, Bhubaneswar, Raipur, Ranchi, Kanpur, New Delhi, Chandigarh, Guwahati and Kolkata

Candidates may select any one center from the above-mentioned centers and indicate the same in his or her application

Request for change of Center will not be entertained

Candidates admitted to the written test will be intimated the time and address of the venue of the written test through ON-LINE Call Letters required to be downloaded from Bank’s website
Candidates will not be admitted to the written test without the online Call Letter

In view of Call letter being made available online, no duplicate Call Letter would be issued to any candidate/s

Programme Fees

Programme fees for this course will be Rs 350,000/- (Three lakh fifty thousand only) (all inclusive of boarding, Lodging and course fees, other fees, etc.) plus service taxes, as applicable to be paid by the students in instalments as per a fixed schedule during the 1 year programme

Financing / Loan Options

Selected candidates can finance the course fees by availing Education Loan which will be granted by IDBI Bank as per the existing education loan schemes, if so desired by the students

The EMIs for the loan would start once the candidates have joined the bank as Assistant Manager

There would be no recovery of EMIs or interest during the training period and the interest accrued during this period would be recovered along with the normal EMIs

Stipend (during the training)

During the Training Period (9 Months) - Rs 2500/- per month During the Internship Period (3 Months) - Rs 10000/- per month

After joining the Bank’s services as Assistant Manager Grade ‘A’ on successful completion of the course:

The extant basic pay applicable to Assistant Managers in Grade A is Rs 14400/- per month in the pay scale of Rs 14400-1000 (19)-33400-1250(6)-40900 (26 years)

The pay scale, 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

Non Refundable Application Fee and Postage Charges

Application Fees/ Intimation Charges (Payable from 30th June 2014 to 12th July 2014 (both dates inclusive) - Rs 100/- for SC/ST/PWD candidates - Rs. 600/- for all others Bank Transaction charges / convenience charges for Offline/ Online Payment of fees/ postal charges will have to be borne by the candidate

How to Apply

Candidates are required to apply Online through website

No other means/ mode of application will be accepted

Candidates are required to have a valid personal email ID and Mobile No. It should be kept active during the currency of this recruitment project as Bank may send alerts / notification relating to call letters for written test, interview etc. through the registered email ID

In case, a candidate does not have a valid personal email ID, he/she should create his/ her new email ID before applying Online. Under no circumstances, he/she should share/ mention email ID to/ or of any other person

Candidates should scan their photograph and signature, ensuring that both the photograph and signature are within the required specifications

Candidates can apply Online by visiting the career - current openings Page of the Bank's website and going to the sublink titled Online APPLICATION FOR Admissions to IDBI Manipal School of Banking & Finance

Click on this sublink will open up the appropriate Online Application Format

Candidates should carefully fill in the necessary details in the Online Application Form at the appropriate places and submit the same Online

Mode of Payment

Candidates only have the option of remitting fees via ONLINE MODE where the application form is integrated with the payment gateway and the payment process can be completed by following the instructions

The payment can be made using only Master/ Visa Debit or Credit Card or through internet banking facility by providing information as asked on the screen

On successful completion of the transaction, an e-receipt would be generated. Candidates are required to take a print of the e-receipt which will have to be produced, at the time of written test or interview, as the case may be

If the online transaction has not been successfully completed then the following message is displayed your online transaction was unsuccessful

Please register again candidates may then revisit the Apply Online link and fill in their application details again

Candidates are advised to keep printouts of the application form and e-receipt for future use

For More Detail: For more detail about IDBI Bank

Important Dates

Opening and closing of payment Gateway: 30th June 2014 to 12th July 2014

Opening and closing of gateway for submission of on-line application: 12th Jul 2014

Date of Written Test at all centres: 22nd August 2014

IDBI Manipal School of Banking & Finance

IDBI Bank Ltd., IDBI Tower, WTC Complex, Cuffe Parade, Colaba, Mumbai-400005
Tel.: (+91-22) 66937000, Website

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