Recruitment for Probationary Officers 2013 in Indian Overseas Bank
Indian Overseas Bank invited applications for recruitment to the posts of Probationary Officers. IOB is looking for young, qualified and dynamic graduates for recruitment as Probationary Officers in Junior Management Grade Scale-I after imparting them with the necessary knowledge and skills required for all-round bankers through the 1 year Post Graduate Diploma in Banking and Finance course in Indian Overseas Bank Manipal School of Banking (IOBMSB).
On successful completion of the programme, the programme participants would be awarded a Postgraduate Diploma in Banking & Finance (PGDBF) by Manipal University and would be absorbed as Probationary Officers in Indian Overseas Bank. Candidates are requested to apply only through online between 10.07.2013 and 29.07.2013 through Bank’s websitewww.iob.in. No other means/mode of application will be accepted.
Important Dates
Opening Date for Online Registration: 10 July 2013
Closing Date for Online Registration: 29 July 2013
Payment of Application Fee/Intimation Charge: 10 July 2013 to 29 July 2013
Download Of Call Letters for Online Examination (Tentative): After 19 August 2013
Tentative Date Of Online Examination: 01 September 2013
Tentative Month of Interview: September / October2013
Details of Posts
Name of Posts: Probationary Officers in Junior Management Grade Scale-I
Number of Posts: 480
Eligibility Criteria/Educational Qualification
The candidate should have graduation from a recognized University/Institution with minimum 60% Marks (For Candidates belonging to SC/ST/PC category minimum 55% Marks). Graduation results should be declared by the University/Institution on or before 01 September 2013.
Age Limit
Minimum Age: 20 Years
Maximum Age: 28 Years
Relaxation in maximum age for SC/ST/OBC/PC/Ex-Servicemen will be as per extant Government Guidelines.
Selection Process
The selection of the candidates will be done on the basis of performance in written examination and interview.
How to Apply
The candidates can apply through Online Format available on Bank’s website before 29 July 2013.
Stipend (During the Training): During the Training Period (9 Months)Rs,2500/- per monthDuring the Internship Period (3 Months)Rs.10000/- per month After Joining The Bank’s Services As Probationary Officers On Successful Completion Of Training: Pay Scale :Rs.14500 - 25700
Probation Period: The selected candidates will be on probation for a period of two years (24 months of active service) from the date of joining the services of the Bank as per the rules of the Bank.
Application Fee / Intimation Charges: The Payment of fees should be made between 10.07.2013 and 29.07.2013 (inclusive of both dates)
Post Name- FOR SC/ST/ PC For all others (Including OBC)
Probationary Officers,JMG Scale – I Rs.50 Rs.500
Bond Amount: Candidates selected for appointment will be required to execute a Financial Service Bond for rendering service for a minimum period of 5 years. The amount of the Financial Service Bond presently is ` 2,00,000/- along with liquidation of the loan amount at commercial rate of interest (if any) and the stipend received during the training period.
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