The Industrial Development Bank of India (IDBI) has officially released the recruitment notification for the position of Executive, announcing a total of 1000 vacancies. This recruitment drive presents a significant opportunity for graduates seeking to establish a career in the banking sector. The application process is set to begin shortly, with specific details outlined below.
About IDBI Executive Recruitment
IDBI Bank, established in 1964, serves as a development finance institution and is currently under the ownership of the Life Insurance Corporation of India and the Government of India. The bank conducts annual recruitment for the position of Executive, primarily focusing on roles in sales and operations. This year’s recruitment will fill 1000 executive positions on a contractual basis, providing candidates with a chance to gain valuable experience in the banking sector.
The IDBI Executive role is not only pivotal in supporting the bank’s operations but also offers a pathway for career advancement within the organization. After completing a contractual period of three years, executives may have the opportunity to be promoted to higher positions, such as Assistant Manager.
IDBI Executive Recruitment Notification Highlights
The key highlights from the IDBI Executive Recruitment 2024 notification include:
- Total Vacancies: 1000
- Application Dates: November 7 to November 16, 2024
- Exam Date: December 1, 2024
- Salary Structure: Starting at ₹29,000 per month in the first year and ₹31,000 in the second year
- Selection Process: Online test followed by document verification and a pre-recruitment medical examination
IDBI Executive Recruitment Eligibility Criteria
To apply for the IDBI Executive position, candidates must meet certain eligibility criteria:
- Educational Qualification: Candidates must hold a Bachelor’s degree from a recognized university in any discipline. Those with only a diploma are not eligible.
- Age Limit: Applicants should be between 20 to 25 years as of October 1, 2024. Age relaxation is applicable for reserved categories as per government norms.
- Computer Literacy: Proficiency in computer operations is mandatory.
IDBI Executive Recruitment Vacancies
The distribution of vacancies across various categories is as follows:
- Unreserved (UR): 448
- Economically Weaker Section (EWS): 100
- Other Backward Classes (OBC): 231
- Scheduled Caste (SC): 127
- Scheduled Tribe (ST): 94
This structured allocation ensures that candidates from diverse backgrounds have equal opportunities to apply.
IDBI Executive Recruitment Important Dates
Candidates should take note of the following important dates related to the recruitment process:
| Event | Date |
|---|---|
| Notification Release Date | November 6, 2024 |
| Online Application Begins | November 7, 2024 |
| Last Date to Apply Online | November 16, 2024 |
| Last Date for Fee Payment | November 16, 2024 |
| IDBI Executive Online Test Date | December 1, 2024 |
| Admit Card Release | Approximately November 21-23, 2024 |
How to Apply for IDBI Executive Recruitment
The application process for IDBI Executive Recruitment is entirely online. Here’s how candidates can apply:
- Visit the official IDBI Bank website.
- Navigate to the ‘Careers’ section.
- Click on ‘Current Openings’ and select ‘IDBI Executive Recruitment’.
- Fill in the online application form with required details.
- Upload necessary documents and photographs.
- Pay the application fee.
- Submit the application form and print a copy for future reference.
IDBI Executive Recruitment Selection Process
The selection process consists of three main stages:
- Online Examination: Candidates will take an online test that assesses their knowledge and skills across various subjects.
- Document Verification: Those who qualify will undergo verification of their documents to ensure eligibility.
- Pre-Recruitment Medical Examination: A medical examination will be conducted to assess candidates’ fitness for duty.
Candidates must perform well in each stage to secure their position as an IDBI Executive.
IDBI Executive Recruitment Exam Pattern
The exam pattern for the IDBI Executive position is structured as follows:
- Total Questions: 200
- Total Marks: 200
- Duration: 120 minutes
| Section | Number of Questions | Total Marks |
|---|---|---|
| Logical Reasoning, Data Analysis & Interpretation | 60 | 60 |
| English Language | 40 | 40 |
| Quantitative Aptitude | 40 | 40 |
| General/Economy/Banking Awareness/Computer/IT | 60 | 60 |
There will be negative marking; each incorrect answer will incur a deduction of $$0.25$$ marks.
IDBI Executive Recruitment Salary
The salary structure for IDBI Executives is competitive:
- First Year Salary: ₹29,000 per month
- Second Year Salary: ₹31,000 per month
After completing three years on contract and meeting performance criteria, executives may be considered for permanent positions with higher pay scales.
Official Links and Website Information
Candidates can access important links related to IDBI Executive Recruitment through the table below:
| Description | Link |
|---|---|
| Official Website | www.idbibank.in |
| Apply Online | Apply Here |
| Notification PDF | Download Notification |
IDBI Executive Recruitment FAQ
What is the total number of vacancies?
- There are 1000 vacancies available for IDBI Executives.
What are the application dates?
- Applications can be submitted from November 7 to November 16, 2024.
What is the age limit for applicants
- Candidates must be aged between 20 and 25 years as of October 1, 2024.
How will candidates be selected?
- Selection will be based on an online examination followed by document verification and a medical examination.
What is the salary structure?
- The starting salary is ₹29,000 per month in the first year and ₹31,000 in the second year.
This recruitment drive by IDBI Bank represents an excellent opportunity for aspiring banking professionals looking to kickstart their careers while contributing to one of India’s leading financial institutions.