The Indian Overseas Bank (IOB), one of India’s premier public sector banks, has announced its recruitment drive for 2024, aiming to fill 550 Apprentice positions across various states. This recruitment initiative is part of the bank’s strategy to increase its workforce under the Apprentices Act, 1961, and as per the apprenticeship policy for the financial year 2024-25. The recruitment provides an excellent opportunity for graduates seeking to gain practical experience in the banking sector while receiving a stipend. Below, we have detailed everything you need to know about this recruitment drive, including eligibility criteria, important dates, application process, selection procedure, and more.
Overview of Indian Overseas Bank Apprentice Recruitment 2024
The Indian Overseas Bank Apprentice Recruitment 2024 stands out as an opportunity for young graduates across India to gain hands-on experience in the banking sector. An overview of the key parameters is provided below:
| Organization | Indian Overseas Bank (IOB) |
|---|---|
| Exam Name | Indian Overseas Bank Apprentice Exam 2024 |
| Post Name | Apprentice |
| Total Vacancies | 550 |
| Educational Qualification | Bachelor’s Degree in any discipline |
| Age Limit | 20-28 years |
| Selection Process | Online Exam & Local Language Test |
| Stipend | ₹10,000 – ₹15,000 (depending on location) |
| Job Location | Across India |
| Official Website | www.iob.in |
| Application Mode | Online |
Important Dates
The Indian Overseas Bank has already released the notification for 550 Apprentice vacancies, and here are the key dates associated with the recruitment process:
| Events | Dates |
|---|---|
| Release of Notification | August 28, 2024 |
| Start of Online Applications | August 28, 2024 |
| Last Date to Submit Application | September 10, 2024 |
| Last Date for Fee Payment | September 15, 2024 |
| Indian Overseas Bank Exam Date 2024 | September 22, 2024 |
Eligibility Criteria for Indian Overseas Bank Apprentice Recruitment 2024
Educational Qualification:
To be eligible for the Apprentice position, candidates must meet the following academic criteria:
- Must hold a Bachelor’s Degree in any discipline from a recognized university.
- The degree must have been obtained between April 1, 2020 and August 1, 2024.
- Candidates should be able to produce their Mark Sheets and Provisional/Degree Certificates when requested by the bank.
Age Limit:
- Minimum Age: 20 years
- Maximum Age: 28 years
- The candidate’s date of birth must fall between August 1, 1996, and August 1, 2004.
- Age relaxation will be provided according to government guidelines, as shown below:
| Category | Age Relaxation |
|---|---|
| SC/ST | 5 years |
| OBC (Non-Creamy Layer) | 3 years |
| PwBD | 10 years |
| Widows, divorced women | Up to 35 years (General), 38 years (OBC), 40 years (SC/ST) |
| Persons affected by 1984 riots | 5 years |
Application Process for Indian Overseas Bank Apprentice Recruitment 2024
How to Apply Online:
Candidates interested in applying for the Indian Overseas Bank Apprentice positions can follow the steps below:
- Visit the official website of Indian Overseas Bank at www.iob.in.
- Navigate to the “Careers” section and click on the recruitment advertisement for the engagement of Apprentices.
- Click on “Apply Online” to begin the application process.
- Fill in your personal details, educational qualifications, and other necessary information.
- Upload a scanned photograph, signature, and other required documents.
- Pay the application fee based on your category.
- Review your details and submit the application form.
- Take a printout of the application form for future reference.
Application Fees:
The application fee varies based on the candidate’s category, as detailed below:
| Category | Application Fees (incl. GST 18%) |
|---|---|
| General/OBC/EWS | ₹944 |
| Female/SC/ST | ₹708 |
| PwBD | ₹472 |
Indian Overseas Bank Apprentice Vacancy 2024: State-wise Distribution
The 550 vacancies announced by Indian Overseas Bank are distributed across multiple states. Below is a breakdown of the total vacancies by location:
| State | Total Vacancies |
|---|---|
| Tamil Nadu | 130 |
| Uttar Pradesh | 41 |
| West Bengal | 22 |
| Uttarakhand | 7 |
| Tripura | 2 |
| Other States | 348 |
| Total | 550 |
Selection Process for Indian Overseas Bank Apprentice Recruitment 2024
The selection process for the Indian Overseas Bank Apprentice Recruitment 2024 consists of the following stages:
- Online Examination:
- This will assess candidates in areas like General Awareness, English, Quantitative Aptitude, and Computer Knowledge. The exam is objective in nature and consists of multiple-choice questions.
- Local Language Test:
- Candidates will be tested on their proficiency in the local language of the state they have applied for.
- Document Verification & Medical Examination:
- Candidates who pass the above stages will need to go through a document verification process, followed by a medical fitness check.
Indian Overseas Bank Apprentice Salary 2024
The Indian Overseas Bank provides a stipend for apprentice positions based on the location of the posting. Apprentices are not eligible for any other allowances or benefits aside from the stipend.
| Location | Stipend per Month |
|---|---|
| Metro Areas | ₹15,000 |
| Urban Areas | ₹12,000 |
| Semi-Urban/Rural Areas | ₹10,000 |
Indian Overseas Bank Apprentice Recruitment 2024: Key Highlights
- Comprehensive Training: Selected candidates will receive valuable on-the-job training, enhancing their skills in the banking industry.
- Local Language Emphasis: Proficiency in the local language is crucial for customer-facing roles in different states.
- Diverse Locations: With vacancies spread across India, candidates from various states have an opportunity to work with a leading public sector bank.
Conclusion
The Indian Overseas Bank Apprentice Recruitment 2024 offers a significant opportunity for graduates to gain industry experience while earning a stipend. The detailed selection process ensures that candidates not only possess academic qualifications but are also adept in the local language, which is crucial for serving customers in different regions of India. The structured training and exposure provided by this apprenticeship will serve as a strong foundation for individuals aspiring to build a career in banking. Interested candidates should apply promptly, keeping in mind the eligibility criteria and the deadline for application submission.
