Online applications are invited for IDBI recruitment for the 1030+ Executive Jobs. All graduates are eligible for this post; the last date to apply is June 7, 2023.
About IDBI
Today, IDBI Bank Ltd. operates as a full-service universal bank that serves customers from all segments. IDBI Bank Ltd. has inherited a rich legacy from its predecessor entity – the Industrial Development Bank of India – which was an apex Development Financial Institution (DFI) in the realm of the industry from July 1, 1964, to September 30, 2004.
Number of Posts
Eligibility Criteria
- A Graduate from a recognized university.
- Passing only a diploma course will not be considered as qualifying the eligibility criteria.
- The university/institute should be recognized/approved by Government; Government Bodies viz., AICTE, UGC etc.
Age Limit
- Minimum: 20 years
- Maximum: 25 years
- The candidate must have been born not earlier than May 2, 1998, and not later than May 1, 2003 (both dates inclusive)
Selection Process
Executive (On contract) 2023-24:
- The selection process shall comprise an Online Test (OT);
- Document Verification (DV) and
- Pre Recruitment Medical Test (PRMT).
- The selection mentioned above process is indicative and Bank is at liberty to alter/ amend/ modify the same at any time without assigning any reason whatsoever.
- The structure of the OT is as follows:
- Candidates have to qualify in each of the four tests, by securing cut-off marks as decided by the Bank.
- 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.
- Candidates qualifying in OT will form the pool of shortlisted candidates and will be eligible for the further selection process.
- Such candidates will be called on the basis of a higher order of marks and age within their respective category, subject to the availability of vacancies in the respective category and /or at the discretion of the Bank.
- The final selection or offer of employment would be made based on category-wise final marks obtained in the Selection Processes, being found medically fit and subject to fulfilment of all other eligibility criteria as stipulated in the advertisement
Age Relaxation
Important Dates
- The cut-off date for eligibility criteria of Age & Qualification is May 1, 2023
- Online Registration (only) including Edit/Modification of Application by candidates is from May 24, 2023, to June 07, 2023
- Payment of Application Fee/ Intimation Charges – (Online mode only)
- Tentative Date of Online Test* July 02, 2023 (Sunday)
*Modification or change in the date of the Online Test, if any, would be intimated through a (Notice) on the website (Career section) of the IDBI Bank only.
How to Apply?
Interested candidates can apply through this link.
Emoluments/Salary
- The appointment of the Executive will be purely on a contractual basis.
- The contract would be initially for a period of 1 year and may be reviewed for extension on a 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 in time.
- As of the date of this advertisement, the Executive will be paid a lump sum/fixed remuneration as given below-
- 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.
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