IDBI Recruitments: Assistant Manager

IDBI Recruitments are strictly on all India basis by open competition.

1 IDBI Recruitments: Assistant Manager Grade ‘A’: Particulars of Job

 Important Notes :  Selection as Assistant Manager grade ‘A’ under this advertisement is after attaining 1 Year Post Graduate Diploma in Banking and Finance (PGDBF) comprising of 9 months of classroom studies at campus and 3 months of internship at IDBI Bank’s branches. For details read as under:-

IDBI Bank has entered into MoU with Manipal Global Education Services Private Limited (Manipal), Bengaluru and Nitte Education International Private Limited [Nitte] Greater Noida to provide training in Banking and Finance to prospective candidates aspiring to join IDBI Bank as Assistant Manager Grade ‘A’.

IDBI Bank invites applications from young, dynamic graduates for 1 Year Post Graduate Diploma in Banking and Finance (PGDBF) comprising of 9 months of classroom studies at campus and 3 months of internship at IDBI Bank’s branches. After successful completion of the course, the candidates will be awarded PGDBF certificate and will be inducted into IDBI Bank as Assistant Manager Grade ‘A’ subject to fulfillment of eligibility criteria notified in advertisement.

 The candidates from states falling under the Western and Southern Zones of the Bank will be inducted through Manipal, Bengaluru and candidates from states falling under the Eastern and Northern Zones of the Bank will be inducted through Nitte, Greater Noida. The allotment of candidates to the above noted institutes will depend on the number of candidates selected from the respective states. Further the allotment shall be done on a best effort basis only and would be strictly based on the state of domicile as indicated on the application form by the candidate.

Programme 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 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.

Financing / Loan Options

Selected candidates can finance the course fees by availing Education Loan, if they so desire, which will be granted by IDBI Bank as per its prevailing education loan scheme of IDBI Bank.

2 IDBI Recruitments: Assistant Manager Grade ‘A’    Vacancies, Eligibility, Qualification and Experience of Job

Notes : (i)  # Reservation of SC/ST/OBC(NCL) / EWS categories are as per guide lines of GoI. For details refer official notification.

                    (iii) * Minimum: 21 years Maximum: 28 years i.e. a candidate must have been born not earlier than 02.07.1993 and not later than 01.07.2000 (both dates inclusive)

                     (iii) For relaxation in upper age for SC/ST/Physically Challenged/ OBC( NCL) /J &K Candidates:, go on Notification at the end.

                  (iv)  **   If Grades/ CGPA are awarded instead of marks, only candidate securing CGPA/ Grades equivalent to 60% (55% in case SC/ST/PWD) should apply. Calculation of percentage: The percentage marks shall be arrived at by dividing the total marks obtained by the candidate in all the subjects in all semester (s)/ year (s) by aggregate maximum marks in all the subjects irrespective of honours/optional/ additional optional subject, if any. This will be applicable for those Universities also where Class/ Grade is decided on basis of Honours marks only. The fraction of percentage so arrived will be ignored i.e. 59.99% will be treated as less than 60% and 54.99% will be treated as less than 55%.

3 IDBI Recruitments: Assistant Manager Grade ‘A’: Salary/Compensation

• Stipend (during the training): During the Training Period (9 Months) – ` 2,500/- per month and during the Internship Period (3 Months) – `10,000/- per month.
• After joining the Bank’s services as Assistant Manager Grade ‘A’ on successful completion of the course: The extant basic pay 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).
• 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 11 to time.

4 IDBI Recruitments: Assistant Manager Grade ‘A’: Service Bond

All selected candidates, at the time of their joining the course itself, will have to execute a Service Bond for serving IDBI Bank for a minimum period of 3 years from the date of their joining IDBI Bank’s service or shall have to pay an amount of `2 Lakh plus applicable GST. In addition to the payment of `2 Lakh plus applicable GST, in case any candidate leaves the services of IDBI Bank before 3 years of his/her joining, he/she will have to clear his/her outstanding educational loan dues at the applicable card rate, if he/she has opted for education loan from IDBI Bank.

5 IDBI Recruitments: Assistant Manager Grade ‘A’: ELIGIBILITY CRITERIA:

(a) Cut off date: July 01, 2021

(b) Applicant must be either

(i)  a citizen of India, or

(ii) a subject of Nepal, or

(iii) a subject of Bhutan, or

(iv) a Tibetan refugee (who came over to India before 1st January 1962) with the intention of permanently settling in India or a person 3 of Indian origin, who have migrated from Pakistan, Myanmar (formally Burma), Sri Lanka, East African Countries of Kenya, Uganda, the United Republic of Tanzania (formerly Tanganyika and Zanzibar), Zambia, Malwai, Zaire, Ethiopia and Vietnam with the intention of permanently settling in India.

Provided that an applicant belonging to categories (ii), (iii), (iv) or (v) above shall be a person in whose favour a certificate of eligibility has been issued by Government of India. The applicant, in whose case a certificate of eligibility is necessary, may participate in the selection process conducted by the IDBI Bank, but on final selection, the offer of appointment may be given only after the necessary eligibility certificate have been issued to him/ her by the Government of India.

6 IDBI Recruitments: Assistant Manager Grade ‘A’: How to Apply

Candidates have to apply through on line mode only. No other mode of application shall be accepted.

6.1 Details of Application fee:

Bank Transaction charges / convenience charges for Online Payment of fees/ postal charges will have to be borne by the candidate.

Note:  (i) The payment can be made by using Debit Cards (RuPay/Visa/MasterCard/Maestro), Credit Cards, Internet Banking, IMPS, Cash Cards/ Mobile Wallets by providing information as asked on the screen.  

6.2 Aspirant candidates to apply on line mode only and there is no alternative mode is available.

6.3.1 Documents to be kept in readiness:

(a) Scan their photograph, signature, left thumb impression and hand written declaration ensuring that all these documents adhere to the required specifications as given under Guideline for photograph & signature scan and upload (Annexure II of Advertisement).For size of photo and signature , refer Advertisement.

 (b) A valid email address. (it should be  active during the entire recruitment process.

(c)  Mobile number ( to be kept live till end of selection process).

(d) Hand written declaration as under:

The text for the hand written declaration is as follows –

“I, _______ (Name of the candidate), hereby declare that all the information submitted by me in the application form is correct, true and valid. I will present the supporting documents as and when required”  

 To Apply:

Step 1: Go on link:

https://ibpsonline.ibps.in/idbiramaug21/

Step 2 : Click ‘’ For new Registration’’

Step 3: Enter all the requisite information/ data in 06 GOes. Save all the filled in data in every GO.

Step 4 : after filling all the 06 GOes, submit .

Step 5 : Candidates applying for the post, after submission of the online application form shall take a printout of system-generated hard copy of the application form, and preserve the same for submission at the time of personal interview, along with fee payment e-receipt and the documents required in support of the eligibility criteria as detailed below (Candidates are also required to preserve a copy of application form and e-receipt for any future requirements)

7 IDBI Recruitments: Assistant Manager Grade ‘A’ Selection Process:

(i) 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 details of the same are furnished hereunder.

(ii) The applicants will be called for the Online Test based on the information provided by them in the online application form, subject to scrutiny at a later date.

(iii) 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 penalty to arrive at 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.

(iv) The applicants, who are successful in the On-line test, would be called for a personal interview. While the number of candidates to be called for interview will be at the discretion of IDBI Bank, adequate number of candidates in each category, as decided by the Bank, will be called for Interview. During interview the candidates will have the option to answer the questions in Hindi or English. Applicants qualifying the personal interview shall be considered for final shortlisting.

(v) The final selection or offer of employment would be made based on applicant’s marks in the interview, Online test, being found medically fit and subject to fulfillment of all other eligibility criteria with regard to age and qualification and successful completion of the course and award of certificate by Manipal University/Nitte University as stipulated in the advertisement.

8 IDBI Recruitments: Assistant Manager Grade ‘A’:Test Centers:

Ahmedabad,  Amritsar,  

Bhopal,  Bengaluru, Belgaum, Bhubaneswar,

Coimbatore, Chennai, Chandigarh,

Delhi – NCR,

Guwahati, Gwalior,

Hyderabad,

Jaipur,

Kanpur, Kolkata, Kochi,

Lucknow,

Madurai, Mangalore, Mumbai / Navi Mumbai / Greater Mumbai / Thane,

 Nagpur,

Patna, Pune,

Raipur, Rajkot, Ranchi,

Thiruvananthapuram,

Vijayawada, Vishakhapatnam

Notes:-  (i)  Candidates have to choose any one  test center.

9  IDBI Recruitments: Assistant Manager Grade ‘A’ Useful Links:

Although all the best efforts have been put to produce this article with all the correct data as per official advertisement and subsequent notifications there to if any, however, if there are any conflicting data or provisions are crept into the article, the data and provisions given in official advertisement and notification(s) will take precedence over contents of the Article.No claim whatsoever at any stage is admissible relating to content of this article.

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