IDBI Bank has announced its recruitment drive for 2024, focusing on filling 56 Specialist Officer (SO) positions. This includes openings for Assistant General Manager (AGM) – Grade C and Manager – Grade B. The recruitment process, starting from September 1, 2024, offers an excellent opportunity for eligible candidates to join a leading bank in India. Below is a detailed guide covering all aspects of this recruitment, including eligibility criteria, application process, selection procedure, and more.
Overview of IDBI Bank Recruitment 2024
Total Vacancies
- Assistant General Manager (AGM) – Grade C: 25 vacancies
- Manager – Grade B: 31 vacancies
Application Dates
- Start Date: September 1, 2024
- Last Date: September 15, 2024
Candidates are encouraged to apply early to avoid last-minute hassles.
Eligibility Criteria
Age Limit
The age limits for the positions are as follows:
- AGM – Grade C:
- Minimum Age: 28 years
- Maximum Age: 40 years
- Manager – Grade B:
- Minimum Age: 25 years
- Maximum Age: 35 years
The upper age limit is relaxed for candidates belonging to reserved categories, as per government norms.
Educational Qualifications
- AGM – Grade C:
- Essential Qualification: Postgraduate degree from a university recognized by the Government of India or its regulatory bodies.
- Preferred Qualification: Additional qualifications such as JAIIB/CAIIB/MBA.
- Manager – Grade B:
- Essential Qualification: Graduation from a university recognized by the Government of India or its regulatory bodies.
- Preferred Qualification: Additional qualifications such as JAIIB/CAIIB/MBA.
Experience Requirements
- AGM – Grade C:
- A minimum of 7 years of experience as an officer or equivalent in Corporate Finance/Corporate Credit/Retail Credit (functions like sanction, credit monitoring, credit appraisal, credit administration/operations, credit risk, or branch head with credit experience) in Scheduled Commercial Banks (as defined under the RBI Act).
- Of these 7 years, at least 4 years should involve Corporate/Retail finance in areas such as credit sourcing and appraisal of large ticket size loans, documentation, credit administration/operations, credit risk, or credit recovery.
- Manager – Grade B:
- A minimum of 4 years of experience as an officer or equivalent in Corporate Finance/Corporate Credit (functions like sanction, credit monitoring, credit appraisal, credit administration/operations, credit risk, etc.) in Scheduled Commercial Banks as defined under the RBI Act.
- Out of these 4 years, at least 2 years should involve Corporate/Retail finance in areas like credit sourcing and appraisal of large ticket size loans, documentation, credit administration/operations, credit risk, or credit recovery.
Application Fee
The application fee structure is as follows:
- SC/ST Candidates: ₹200
- General, EWS, and OBC Candidates: ₹1000
This fee includes both the application fee and intimation charges. Payment must be made online during the application process.
How to Apply
Candidates must apply online through the official IDBI Bank website. Here’s a step-by-step guide:
- Visit the IDBI Bank Website: Navigate to the career section on the homepage.
- Register Online: Complete the registration process by providing basic details. You will receive a Provisional Registration Number and Password, which should be saved for future reference.
- Fill Out the Application Form: Enter all required details, including personal information, educational qualifications, and professional experience.
- Upload Documents: Ensure you have scanned copies of your photograph, signature, and any other required documents.
- Pay the Application Fee: Use the online payment gateway to pay the applicable fee.
- Submit the Application: After verifying all details, submit the application. A confirmation email/SMS will be sent upon successful submission.
- Print the Application Form: Keep a printout of the completed application form for future reference.
Selection Process
The selection process for IDBI Bank’s Specialist Officer positions will consist of several stages:
Preliminary Screening
Candidates will be initially screened based on their age, educational qualifications, and experience as mentioned in the application form. Those who meet the criteria will be shortlisted for the next stage.
Group Discussion and Personal Interview
Shortlisted candidates will be called for a Group Discussion (GD) and/or Personal Interview (PI). The final selection will be based on the performance in these stages, along with verification of documents, medical fitness, and satisfactory reference checks.
Final Selection
The final selection is subject to meeting all eligibility criteria, successful completion of the selection process, and medical fitness. The selected candidates will be notified through email and the official IDBI Bank website.
Pay Scale and Benefits
IDBI Bank offers an attractive salary package for the Specialist Officer positions, along with various allowances and benefits.
- AGM – Grade C:
- Pay Scale: ₹85,920 – ₹1,05,280 (over 8 years)
- Gross Emolument: Approximately ₹1,57,000 per month in metro cities.
- Manager – Grade B:
- Pay Scale: ₹64,820 – ₹93,960 (over 12 years)
- Gross Emolument: Approximately ₹1,19,000 per month in metro cities.
These figures are approximate and may vary based on the location and other factors.
Key Points to Remember
- Application Window: The application process is open from September 1 to September 15, 2024. No applications will be accepted after the deadline.
- Single Application: Candidates are advised to apply for only one position. Multiple applications may lead to rejection.
- Document Verification: Ensure all information provided in the application form is accurate. Any discrepancies during the document verification stage may lead to disqualification.
- Communication: All communication related to the recruitment process will be done through the registered email ID and mobile number. Candidates should ensure that they have a valid and active email ID and mobile number throughout the recruitment process.
Frequently Asked Questions (FAQs)
1. How many vacancies are available under the IDBI Bank Recruitment 2024?
A total of 56 vacancies are available, with 25 positions for Assistant General Manager (AGM) – Grade C and 31 positions for Manager – Grade B.
2. What is the last date to apply for the IDBI Bank Recruitment 2024?
The last date to submit the online application is September 15, 2024.
3. What is the mode of application for the IDBI Bank Recruitment 2024?
The application must be submitted online through the official IDBI Bank website.
4. What is the application fee for the IDBI Bank Recruitment 2024?
The application fee is ₹200 for SC/ST candidates and ₹1000 for General, EWS, and OBC candidates.
5. What is the selection process for the IDBI Bank Recruitment 2024?
The selection process includes preliminary screening, followed by Group Discussion (GD) and/or Personal Interview (PI). Final selection is based on the overall performance and document verification.
Conclusion
The IDBI Bank Recruitment 2024 offers a golden opportunity for experienced professionals to join one of India’s leading banks in a managerial capacity. With a clear understanding of the eligibility criteria, application process, and selection procedure, candidates can prepare effectively to secure one of the coveted positions. Ensure that you meet all the requirements and apply within the stipulated time to maximize your chances of success.
Stay updated with the latest information by regularly visiting the official IDBI Bank website and checking your registered email for any updates regarding the recruitment process. Good luck!
