IDBI Bank Recruitment 2022 Apply Online 1544 Executive & Assistant Manager Posts

ii. The candidate must possess valid Mark-sheets (year/semester wise or consolidated) and a Degree/ Provisional Degree Certificate issued by the University showing that he/ she is a graduate as of April 01, 2022, before registration. The date mentioned on the final year/ semester mark-sheet or Degree/ Provisional degree certificate issued by University will be reckoned as the date of passing the graduation. In case the result of a particular examination is posted on the website of the University / Institute and a web-based certificate is issued then the proper document/certificate is original issued and signed by the appropriate authority of the University / Institute indicating the date of passing properly mentioned thereon will be reckoned for verification and further process. Candidates must therefore possess proper mark sheets and certificates before registering.

iii. Computer Literacy: Operating and working knowledge of computers is mandatory i.e. candidates should have a Certificate/Diploma/Degree in computer operations/Language/ should have studied Computer / Information Technology as one of the subjects in the High School/College/Institute.

The candidate must have been born not earlier than April 2, 1997, and not later than April 1, 2002 (both dates inclusive)

The candidate must have been born not earlier than April 2, 1994, and not later than April 1, 2001 (both dates inclusive)

Emoluments, Career Prospects, and Service Conditions:

The appointment of Executive will be p u r e l y on a contractual basis. The contract would be initially for 1 year and maybe 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 the Bank would conduct. Appointment as Grade A will be as per the prevailing policy of the Bank and availability of vacancy at the relevant point of time. The Executive will be paid a lump sum/fixed remuneration as given below:

Consolidated Remuneration:

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.

The Bank has an arrangement with Manipal Global Education Services Private Limited (Manipal), Bengaluru, and Nitte Education International Private Limited (Nitte), Greater Noida to provide banking and finance training to prospective candidates aspiring to join the Bank as Assistant Manager Grade ‘A’. Currently, the 1 year Post Graduate Diploma in Banking and Finance (PGDBF) comprises of 9 months of classroom studies on campus and 3 months of internship at the Bank’s branches or offices. However, the Bank reserves the right to alter the timelines as noted above based on business requirements, industry standards, etc. After successful completion of the course, the candidates will be awarded a PGDBF certificate and will be inducted into the Bank as Assistant Manager Grade ‘A’ subject to fulfillment of eligibility criteria as stated in this advertisement.

Program Fees: Programme fees for this course will be Rs.3,50,000/- (Rs. Three Lakh Fifty Thousand only) plus GST, as applicable, to be paid by the students in a lump sum or installments as per a fixed schedule during the one year program. The said fee is inclusive of course fees, lodging, boarding, other charges, etc.

Apart from the above course fees, the exam fees for undergoing various certification exams as mandated under the course will have to be borne additionally by the candidates, as per the fees charged by respective bodies/organizations from time to time for conducting these Certification exams.

Career Prospects and Emoluments Stipend:

During the Training Period of 9 months – Rs.2,500/- per month and the Internship Period of 3 months – Rs.10,000/- per month.

After joining the Bank’s services as Assistant Manager Grade ‘A’, only on successful completion of the course, the extant Basic Pay currently applicable to Assistant Managers in Grade A is Rs.36,000/- per month in the pay scale of 36000-1490(7)-46430-1740(2)–49910–1990(7)-63840(17 years). Candidates should note that the pay scales, 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.