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Notification Details

Industrial Development Bank of India

Stream :
Notification Title :
Executives in IDBI Bank
Notification Date :
Last Date of Application :
Exam Date :
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Notification Status :

Exam to be conducted
Notification Description :

                                                         IDBI BANK

                                       ADVERTISEMENT NO. 5/2017-18: LAST DATE FOR PAYMENT OF FEE . 28.02.2018
                                                   Last date for submission of ON-LINE applications is 28.02.2018

                                                                       FILLING UP THE ONLINE APPLICATION

IDBI Bank Ltd., a company within the meaning of the Companies Act, 2013, having majority shareholding by Government of India, is a leading provider of complete range of retail and corporate banking services to its clients.

Recruitments in IDBI Bank are strictly on all India basis by open competition and the Bank has not hired or authorized any agency or organization or any individual to recommend or recruit any personnel on its behalf or collect any money or commission or charges for recruitment or training or coaching, etc.

IDBI Bank invites applications from the eligible and suitable applicants for the following posts to be filled on contract basis at its different Branches and Offices.

Post Essential Qualification Age (As on 01/01/2018) Tentative Date of Written Test Vacancies Reserved for
Executive A Graduate from a recognised University with minimum 60% marks (55% for SC/ST/PWD) Minimum - 20 and Maximum - 25 April 28, 2018 760# 122 56 202 84

Modification or change in the date of the Online test, if any, would be intimated through an advertisement and on the website of the Bank.

The number of posts mentioned above is provisional and may vary depending on future requirements. IDBI Bank reserves the right to empanel the applicants and consider these empanelled applicants(s) for future requirements. Offers could be issued in phases as per IDBI Bank's requirement. Adequate number of candidates in each category, as decided by the Bank will be placed under Merit List and Wait List.

Important Dates :

SI.No                                      Activity                Date
1. Cut-off date for eligibility criteria (Age) January 01, 2018
2. Online Registration Feb. 06, 2018 to Feb. 28, 2018
3. Payment of Application Fee/ Intimation Charges - Online Feb. 06, 2018 to Feb. 28, 2018
4. Date of Pre-Examination training for the SC/ ST / OBC applicants at all centers Apr. 16, 2018 to Apr. 21, 2018
5. Date of Online Test at all centres April 28, 2018


Emoluments, Career prospects and Service Conditions :

(i) The appointment of Executive 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,completion of assigned mandatory e-learning certifications 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 IDBI Bank through a selection process that would be conducted by IDBI Bank. The Executive will be paid a lump sum/fixed remuneration as per the following chart:

Consolidated remuneration Rs. 17,000 per month in the first year,
Rs. 18,500 per month in the second year and
Rs. 20,000 per month in the third year of service.

Note: These executives shall not be entitled to draw any allowances such as DA, HRA, etc.

(ii) During the contractual period, the applicants can be posted at any branch or offices of the Bank as per the discretion and requirements of the Bank. Applicants could also be posted at IDBI Bank's discretion, to any offices of IDBI Bank or the departments or offices or business units of IDBI Bank’s subsidiaries or associate institutions. The appointment being purely contractual in nature, the appointee shall not be entitled for any superannuation benefits whatsoever. Also, appointee shall not be entitled for any gratuity and provident fund benefits. However the Executives would be covered under IBLNPS Rules, 2011. The contractual period of service would not be counted for any superannuation/ terminal benefits, in case, the appointee is considered for appointment in the services of IDBI Bank as a regular full time employee at a later stage.

Educational Qualifications :

i. A Degree (Graduation) in any discipline from a University recognized by the Govt. of India OR any equivalent qualification recognized as such by the Central Government.

ii. The candidate must possess valid Mark-sheet / Degree Certificate that he/ she is a graduate on the day he / she registers and indicate the percentage of marks obtained in Graduation while registering online.

iii. Those who are in the final year of their Graduation / Semester may also apply provisionally subject to the condition that, if called for Document Verification and Pre Recruitment Medical test, they will have to produce proof of having passed the Graduation examination on or before February 28, 2018.

iv. The date of passing the eligibility examination will be the date appearing on the mark-sheet or provisional certificate issued by University / Institute. In case the result of a particular examination is posted on the website of the University / Institute and web based certificate is issued then proper document/certificate in original issued and signed by the appropriate authority of the University / Institute indicating the date of passing properly mentioned thereon will be reckoned for verification and further process.

v. Candidate should indicate the percentage obtained in Graduation calculated to the nearest two decimals in the online application. Where CGPA / OGPA is awarded, the same should be converted into percentage and indicated in online application. If called for document verification, the candidate will have to produce a certificate issued by the appropriate authority inter alia stating that the norms of the University regarding conversion of grade into percentage and the percentage of marks scored by the candidate in terms of norms.

Non-refundable application fee and Intimation charges :

Application Fees/Intimation Charges [Payable from 06.02.2018 to 28.02.2018 (both dates inclusive)] shall be as follows :

  • Rs. 150/- for SC/ST/PWD candidates
  • Rs. 700/- for all others.

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

The online test for the post of Executive would be held on April 28, 2018. Modification or change in the date of the online test, if any, would be intimated through an advertisement and on the website of the Bank.

The applicants are advised to visit IDBI Bank's website from April 17, 2018 onwards to download their Online Test call letters by entering their registration number and password sent to the registered email id at the time of registration.

Pre Examination Training (PET) for SC / ST /OBC applicants :

In compliance with Government Guidelines, IDBI Bank would arrange free nonresidential PET for interested eligible SC / ST /OBC applicants for 6 consecutive days from April 16, 2018 to April 21, 2018 prior to the online test. The PET will be organized at Ahmedabad, Amritsar, Bhopal, Bengaluru, Belgaum, Bhubaneswar, Coimbatore, Chennai, Chandigarh, Guwahati, Gwalior, Hyderabad, Jaipur, Kanpur, Kolkata, Kochi, Lucknow, Madurai, Mangalore, Mumbai, Nagpur, New Delhi, Patna, Pune, Raipur, Rajkot, Ranchi, Thiruvananthapuram, Vijayawada and Vishakhapatnam.

For more details please log on to bank's website