Money & Banking

IDBI Bank to recruit 500 executives on contract basis

N. S. Vageesh Mumbai | Updated on March 12, 2018 Published on July 18, 2012
The refinance scheme will be implemented through all the branches of the lender.

The bank has specified that candidates with graduation and a total weighted standard score of 156 and above in the common written examination conducted by the Institute of Banking Personnel Selection are eligible to apply.    

IDBI Bank is recruiting 500 executives on a contract basis. After completion of the three-year contract, these executives may be eligible for appointment as assistant managers.

The bank has specified that candidates with graduation and a total weighted standard score (TWSS) of 156 and above in the common written examination conducted by the Institute of Banking Personnel Selection (IBPS) are eligible to apply.

The minimum age requirement is 20 years, while the maximum is 30 years. Applications have been invited online and are open till August 9, 2012.

Hiring details

The bank has said in its advertisement (on its website) that the contract would be initially for a period of one year and this may be reviewed for extension on year-to-year basis for a further period of two years, subject to satisfactory performance and availability of vacancies.

On successful completion of a period of three 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 it.

The executive (on contract) will be paid a lumpsum/fixed remuneration as given 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.

Published on July 18, 2012
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