Wednesday, 30 November 2016

IDBI Bank to Hire 500 Executive Posts; Apply before 30 Nov 2016


The Bank invites applications from the eligible and suitable applicants for the following posts to be filled on contract basis at its different Branches and Offices.

Total Posts-500

Essential Qualification -A Graduate from a recognized university with minimum 60% marks (55% for SC/ST/PWD)

Age (as on October 1, 2016): Minimum: 20 Years Maximum 25 years. i.e. the applicant must have been born not earlier than October 01, 1991 and not later than October 01, 1996 (both dates inclusive)

Tentative Date of Written Test-06.01.2017*

* Modification or change in the date of the Online test, if any, would be intimated through an advertisement and on the website of the Bank 

** The number of posts mentioned above is provisional and may vary depending on future requirements. The Bank reserves the right to empanel the applicants and consider these empanelled applicants(s) for future requirements. Offers could be issued in phases, as per the Bank's requirement.

The appointment of Executive will be on contractual basis. The contract would be initially for a period of 1 year and this may be reviewed for extension on year-to-year basis for a further period of 2 years, subject to satisfactory performance and availability of vacancies. On successful completion of a period of 3 years of contractual service, such appointees may become eligible for appointment as Assistant Manager ( Grade ‘A’) in the Bank through a selection process that would be conducted by the Bank. The Executive will be paid a lump sum/fixed remuneration as per the following chart:

During the contractual period, the applicants can be posted at any branch or offices of the Bank as per the discretion and requirements of the Bank. Applicants could also be posted at the Bank's discretion, to any offices of the Bank or the departments or offices or business units of the Bank’s subsidiaries or associate institutions. The appointment being purely contractual in nature, the appointee shall not be entitled for any superannuation benefits whatsoever. Also, appointee shall not be entitled for any gratuity and provident fund benefits. IDBI Bank is exploring possibility of extending its IDBI Bank Ltd New Pension Scheme (IBLNPS) [Defined Contribution Pension Scheme] to new appointee. The contractual period of service would not be counted for any superannuation/ terminal benefits, in case, the appointee is considered for appointment in the services of the Bank as a regular full time employee at a later stage.

Consolidated remuneration
17,000 per month in the first year,

18,500 per month in the second year and

20,000 per month in the third year of service.

Non–refundable application fee and Intimation charges Application Fees/ Intimation Charges [Payable from 16.11.2016 to 30.11.2016 (both dates inclusive)] shall be as follows –  `150/- for SC/ST/PWD candidates  `700/- for all others.

Cut-off date for eligibility criteria (Age )

October 01, 2016
Online Registration

16.11.2016 to 30.11.2016
Payment of Application Fee/ Intimation Charges
16.11.2016 to 30.11.2016
Date of Pre-Examination training for the SC/ ST / OBC applicants at all centers
26.12.2016 to 31.12.2016
Date of Online Test at all centers

The structure of the Examination is as follows:

Sr No-
Name of Tests
No of Qs
Maximum Marks
Test of Reasoning
Time of 90 minutes
Test of Working English Language
Test of Quantitative Aptitude


Please go through the official notification carefully before applying,from IDBI official notification.

1 comment:

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