IDBI Recruitment 2019: IDBI Bank has invited 600 vacancies for admissions to Manipal School of Banking, Bengaluru for 1 year Post Graduate Diploma in Banking and Finance (PGDBF). After the successful completion of the course, the candidates will be awarded PGDBF from Manipal University and will be inducted into IDBI Bank as Assistant Manager Grade ‘A’ .
Interested candidate can check the Notification and apply online from 23.06.2019 to 07.07.2019 .
Important Notice: Last date to apply online has been extended till 07.07.2019
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| Total Vacancy | 600 |
| Start Date to submit application form | 23.06.2019 |
| Last date to submit application form | 07.07.2019 |
| Mode of application | ONLINE |
| AGE Limit | 21-28 Years |
| Educational Qualification | Graduation |
| Application Fees | SC/ST/PWD- 150/- Others- 700/- |
| Online Test Date | 21.07.2019 |
Important Links
Apply Online: Click here
Official Notification: Click here
Official Website: Click here
IDBI Recruitment: Vacancy in detail
| Category | Vacancy |
| General | 273 |
| OBC | 162 |
| ST | 45 |
| SC | 90 |
| EWS | 30 |
| Total | 600 |
Note: For PwD Category 24 seats are reserved.
IDBI Bank Recruitment: Eligibility
Educational Qualification
- Candidates should be Graduate from any discipline from a recognised university.
- Applicants are expected to have proficiency in computers.
Note: Those who are in the final year of their Graduation/ Semester may also apply provisionally subject to the condition that, if called for interview, they will have to produce proof of having passed the graduation examination on or before 01.06.2019.
Age
Minimum: 21 years
Maximum: 28 years
Relaxation in age limit
| Category | Relaxation(Years) |
| SC/ST | 5 |
| OBC | 3 |
| PwD | 10 |
| Ex-Serviceman | 5 |
| J&K Domiciled | 5 |
| Persons affected by 1984 riots | 5 |
Application Fee
| All Others | Rs. 700/- |
| SC/ST | Rs. 150/- |
IDBI Recruitment 2019: Selection Procedure
- Online Test
- Personal Interview
Online Test
| Name of Tests | No. of Qs | Max Marks | Duration |
| Logical Reasoning, Data Analysis & Interpretation | 60 | 60 | Composite time of |
| English Language | 40 | 40 | 2 hours |
| Quantitative Aptitude | 40 | 40 | |
| General/Economy/Banking Awareness | 60 | 60 | |
| Total | 200 | 200 |
Career Prospects and Emoluments
After selection candidate should have to take admissions to Manipal School of Banking, Bengaluru for 1 year Post Graduate Diploma in Banking and Finance (PGDBF).
There will be 9 months of classroom studies at MGES, Bengaluru and 3 months Internship at IDBI Bank’s Branches.
After the successful completion of the course, the candidates will be awarded PGDBF from Manipal University and will be inducted into IDBI Bank as Assistant Manager Grade ‘A’ subject to fulfillment of eligibility criteria as stated in this advertisement.
Stipend: During the Training Period (9 Months) – ` 2,500/- per month during the Internship Period (3 Months) – `10,000/- per month.
After joining the Bank’s services as Assistant Manager Grade ‘A’ on successful completion of the course: The extant basic pay applicable to Assistant Managers in Grade A is ` 23,700/- per month in the pay scale of ` 23700-980(7)-30560-1145(2)-32850-1310(7)- 42020(17 years).
Programme Fees
Programme fees for this Course will be ` 3,50,000/- (Rs. Three lakh fifty thousand only) plus GST, as applicable, to be paid by the students in instalments as per a fixed schedule during the 1 year programme ( inclusive of course fees, lodging, boarding and other fees, etc.).
Financing/Loan Options
Selected candidates can finance the course fees by availing Education Loan, if they so desire, which will be granted by IDBI Bank as per its existing education loan scheme.
Service Bond
All selected candidates, at the time of their joining the course itself, will have to execute a Service Bond for serving IDBI Bank for a minimum period of 3 years from the date of their joining IDBI Bank’s service or shall have to pay a notional amount of `2 lakh.