Tuesday, November 23, 2010

700 Executives on Contract Basis in IDBI Bank Ltd.

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IDBI Bank Ltd., a banking company under the Companies Act, 1956, having majority share holding by Government of India, is a leading provider of complete range of retail and corporate banking services to its clients. The Bank is aggressively expanding its operations. The Bank now requires 700 Executives on Contract Basis at its different Branches and Offices.

Name of the vacancy: Executive (On Contract)
Essential Qualification: - Graduate from a recognized university with 55% marks in aggregate for applicants belonging to General , OBC and PWD (General and OBC) categories. Graduate from a recognized university with 50% marks in aggregate for applicants belonging to the SC, the ST and PWD (SC and ST) categories.

Maximum Age (years) as on Cut-off date (November 30, 2010): 25

Tentative Date of Written Test: January 23, 2011

Number of vacancies: 700

Reservation: SC:105, ST:53, OBC: 189, VH:10, OH:11

The appointment of Executive (on contract) will be on contractual basis. The contract would be initially for a period of 1 year and this may be reviewed for extension on year-to-year basis for a further period of 2 years, subject to satisfactory performance and availability of vacancies. On successful completion of a period of 3 years of contractual service, such appointees may become eligible for appointment as Assistant Manager (Grade ‘A’) in the Bank through a selection process that would be conducted by the Bank. The Executive (on contract) will be paid a lump sum/fixed remuneration as below:

Consolidated remuneration: Rs. 12,000 per month in the first year, Rs. 13,500 per month in the second year and Rs. 15,000 per month in the third year of service.

Non–refundable application fee and postal charges
Only Rs. 75/- (Rupees Seventy-five only) towards postal charges is payable by the applicants belonging to the SC or the ST or Persons with Disabilities (PWD) and Ex-Servicemen categories and Rs. 400 (Rupees Four hundred only) towards application fee and postal charges by all other categories (i.e. General and OBC). Applicants are required to make payment of the fee in cash at any of the branches of IDBI Bank Ltd. (IDBI) or State Bank of India (SBI). Proforma of the challans to be used for payment through IDBI or SBI are displayed on the IDBI Bank's website. Applicants may download the challans and approach the respective bank for making payments. Please note that the challans would not be available in any of the branches of the banks and has to be necessarily downloaded from the Bank's website. While the applicants paying the fee through IDBI Bank would be required to pay the stipulated fee of Rs. 75/- or Rs. 400/- as stated above, the applicants paying the fee through SBI would need to pay an additional amount of Rs. 50/- as service charge to SBI.

On payment of the requisite fee, the concerned branch of IDBI Bank or SBI would generate a unique 14 or 10 digit code number respectively, which would be recorded on the counterfoil of the challan. Copy of the challan (applicant’s copy and Bank's copy) duly stamped would be returned to the applicants as proof of receipt of the fee. The applicants after making payment of fee as indicated above would thereafter apply online as indicated in Point No. 5 of this advertisement. The applicants would be required to enter the 14 or 10 digit unique number respectively in the online application to enable them to submit their application. The payment of fee would be accepted only during the banking hours at the respective bank’s branches from December 1, 2010 to December 15, 2010.

How to apply:
Before filling the online application forms, the applicants must pay the requisite fee as applicable to them and get the 14or10 digit unique number. Applicants will have to submit this number in the application form. Applications shall be submitted by the on-line mode only through the Bank's website after carefully going through all the instructions contained in this advertisement and Online Application Form. No other means or mode of application form will be accepted. On submission of the online application, the applicants will receive a registration number and password, which he or she needs to retain for use in future. 

Important dates for the recruitment process are as under :

1. Cut-off date for eligibility criteria (Age and Educational Qualification): November 30, 2010
2. Opening and closing of payment Gateway: December 1-15, 2010
3. Opening and closing of gateway for submission of on-line application: December 2-16, 2010
4. Date of Pre-recruitment training for the SC and the ST applicants at all centers: January 17-22, 2011
5. Date of Written Test at all centers January 23, 2011

More details, see the advertisment published by IDBI
Download the Challan here
Posted at www.banktestcoaching.com

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