Admissions to IDBI Bank PGDBF 2022-23
Last Date for submission of ONLINE APPLICATION and PAYMENT OF FEE is June 17, 2022
PLEASE READ THE FOLLOWING INSTRUCTIONS CAREFULLY BEFORE FILLING UP THE ONLINE APPLICATION AND REMITTING THE FEE/CHARGES (Non-Refundable)
IDBI Bank Ltd., hereafter referred to as 'the Bank' invites online applications from eligible candidates for the post of Executives (on contract) and for Admission to IDBI Bank PGDBF 2022-23 for absorption as Assistant Manager, Grade- 'A', hereafter referred to as the *Recruitment Process'. The above recruitments will be strictly on all India basis as per the selection process enumerated hereunder.
Note- Candidates are strictly advised to apply only for one of the posts, after ensuring their eligibility as per the criteria given for the respective post. fees/charges if paid is non-refundable Please note that multiple applications are liable to be rejected and
(b) During the contractual period, the appointee can be posted at any branch or departments or offices or business units of the Bank or its subsidiaries or associate institutions as per the discretion and/or requirement of the Bank.
(c) The appointment being purely contractual in nature, the appointee shall not be entitled to draw any allowances such as DA, HRA, etc. nor be entitled for any superannuation benefits, gratuity and provident fund or any benefits whatsoever.
(d) The contractual period of service would not be counted for any seniority/superannuation/ terminal benefits, continuation of employment etc., in case, the appointee is considered for appointment in the services of the Bank as a regular full time employee at a later stage. However, the appointee would be covered under the IDBI Bank Ltd. New Pension Scheme (IBLNPS).
Admissions to IDBI Bank PGDBF 2022-23 for absorption as Assistant Manager:
(i) 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 training in Banking and
Finance 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 at
campus and 3 months of internship at the Bank's branches or offices. However, bank reserves the right to alter
the timelines as noted above based on business requirement, industry standards etc. After successful
completion of the course, the candidates will be awarded 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.
(ii) Bank shall endeavor to induct candidates from the Western and Southern Zones through Manipal, Bengaluru and candidates from the Eastern and Northern Zones through Nitte, Greater Noida. The allotment of candidates to Manipal or Nitte will be done by the Bank on basis of the State of domicile declared in the Online Application form on best effort basis, but subject to availability of seats and/or discretion of the Bank.
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.
(iv) Financing /LoanOptions
Selected candidates can pay the course fees by availing Education Loan from IDBI Bank only, if they so desire, which will be granted as per the prevailing Education Loan scheme of the Bank.
(v) Career Prospects and Emoluments
Stipend: During the Training Period of 9 months - Rs.2,500/- per month and during 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.
(vi) Terms of Appointment and Posting
Initial appointment in the post of Assistant Manager will be on probation for a period of 1 year from the Date of Joining the Bank (which can be extended upto 2 years at the discretion of the Bank). Candidates will be posted at Bank's discretion, to any offices of the Bank or the departments / offices / business units/ the Bank's associate institutions. The candidates will also be liable to be transferred to any place in / outside India, as the Bank may decide from time to time in terms of the Bank's prevailing rules/policies.
(vii) Service Bond
All selected candidates, at the time of registering for the course, will have to execute a Service Bond for serving the Bank for a minimum period of 3 years from the date of their joining the Bank's service or shall have to pay an amount of Rs.2 Lakhs plus applicable taxes /charges etc. In addition to the payment of Rs.2 Lakhs plus applicable taxes /charges etc., in case any candidate leaves the services of the Bank before 3 years of his/her joining the bank or during the course period, he/she will have to clear his/her outstanding Educational Loan dues or any charges, costs etc. at the applicable card rate, if he/she has opted for Education Loan from the Bank.
E. Selection process
i. (a) Executive (On contract):- The selection process shall comprise of an Online Test (OT), Document Verification (DV) and Pre Recruitment Medical Test (PRMT).
(b) Admission to IDBI Bank PGDBF 2022-23 for absorption as Assistant Manager, Grade 'A', the
selection process shall comprise of OT, DV, Personal Interview(PI) and PRMT.
The above mentioned selection process are indicative and Bank is at liberty to alter/ amend/ modify the same at any
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