IDBI Bank recruitment notification for 1,000 Asst Mgr posts via Manipal School of Banking (2016-17)

Mumbai: IDBI Bank Ltd, a leading PSU bank in India, has invited applications from graduates for selection of 1,000 candidates, who will be enrolled for one year Post Graduate Diploma Course in Banking and Financial at Manipal School of Banking Bengaluru. As per the recruitment notification, on successful completion of the course, the candidates will be appointed in IDBI Bank as Assistant Managers.

Eligibility: Candidates should be graduate from a recognized university with minimum 60% marks (55% marks for SC/ST/PWD). As on 01 October 2016, candidates must be minimum of 20 years and maximum of 28 years. Hence, a candidate must have been born not earlier than 02.10.1988 and not later than 01.10.1996 (both dates inclusive). The relaxation in upper age limit to SC/ST/OBC candidates is available as per the government rules.

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Key Dates:

Opening and closing of payment Gateway:  25.11.2016 to 09.12.2016

Opening and closing of gateway for submission of on-line application: 25.11.2016 to 09.12.2016

Date of Online (Tentatively) Test at all centers: 03.02.2017

How to apply:  Candidates can apply only online from 25.11.2016 to 09.12.2016 and no other mode of application will be accepted. For more details on how to apply, eligibility conditions and other details,   candidates should visit the career page of official website of IDBI Bank: http://www.idbi.com/idbi-bank-careers.asp .

Selection Process: IDBI Bank informed that the selection process will comprise of Online Test followed by personal interview of the candidates, who have qualified in the online test. The online test will be objective in nature. The applicants, who are successful in the On-line test, would be called for a personal interview.

Programme fee: The bank said that for the course at Manipal School of Banking Bengaluru, final selected students need to pay Rs 3,50,000/- (Rs. Three lakh fifty thousand only) plus service taxes, as applicable, in instalments as per a fixed schedule during the 1 year programme ( inclusive of course fees, lodging, boarding and other fees, 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 body/organizations from time to time for conducting these Certification exams.

Stipend (during the training): Students will be paid Rs 2500/- per month during the Training Period (9 Months) and Rs 10,000/- per month during the Internship Period (3 Months). On the successful completion of the course, students will be joined at the bank as Assistant Manager Grade ‘A’.

Pay scale: The extant basic pay applicable to Assistant Managers in Grade A is Rs 14,400/- per month in the pay scale of Rs 14,400-1000(19)-33400-1250(6)-40900 (26 years). The bank said that these pay scales are under revision. 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.

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