IDBI Executive: IDBI Bank will hire 1000 executives throughout India in 2024. Job seekers can find a rewarding career in banking through these positions. The bank’s executive roles come with competitive pay and excellent growth prospects at one of India’s top banking institutions.
Candidates must clear multiple selection rounds to join IDBI Bank. A clear understanding of eligibility requirements, application steps, exam format, and selection methods will help applicants prepare better. This piece has all the essential information that candidates need to land an executive position at IDBI Bank.
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IDBI Executive Recruitment 2024 Overview
IDBI Executive Bank announced job openings for Executive Sales and Operations (ESO) positions through an official notification on November 6, 2024. This recruitment drive offers a detailed overview of available opportunities:
Recruitment Overview
| Parameter | Details |
|---|---|
| Recruiting Body | IDBI Bank |
| Post Name | IDBI Executive Sales and Operations |
| Total Vacancies | 1000 |
| Application Start date | 7/11/2024 |
| Last date | 16/11/2024 |
| Employment Type | Contractual |
| Initial Contract | 1 year (extendable) |
| Starting Salary | ₹29,000/- per month (1st year) |
| Second Year Salary | ₹31,300/- per month |
Category-wise Vacancy Distribution
| Category | Number of Posts |
|---|---|
| Unreserved (UR) | 448 |
| OBC | 231 |
| SC | 127 |
| ST | 94 |
| EWS | 100 |
| PwBD | 40 |
The bank scheduled an online examination on December 1, 2024 (Sunday) as part of the selection process. Candidates can apply through the official website idbibank.in. Selected candidates will join on a contractual basis and can expect good career growth opportunities.
Eligibility Criteria and Application Process
IDBI Bank seeks executives and has outlined specific eligibility requirements and application guidelines. Here’s what you need to know:
Simple Eligibility Requirements
| Parameter | Criteria |
|---|---|
| Educational Qualification | Graduate degree from a recognized university (AICTE/UGC approved) |
| Computer Skills | Proficiency in computers/IT-related aspects |
| Age Limit | 20-25 years (as of October 1, 2024) |
Age Relaxation
| Category | Relaxation |
|---|---|
| SC/ST | 5 years |
| OBC (NCL) | 3 years |
| PwBD | 10 years |
| Ex-Servicemen | 5 years |
| 1984 Riots Affected | 5 years |
Candidates must complete their application through IDBI Bank’s official website. The application fees are:
- General/OBC/EWS candidates need to pay ₹1,050/-
- SC/ST/PwBD candidates need to pay ₹250/-
You’ll need these documents ready:
- A valid email ID and mobile number
- Your photograph and signature scanned copies
- All educational certificates
- Your identity proof
- Your category certificate (if applicable)
The application portal opens from November 7 to November 16, 2024. Submit your application early to avoid last-minute technical difficulties.
Selection Process and Exam Pattern
IDBI Executive positions use a complete multi-stage evaluation system. Each candidate must pass one stage before moving to the next level.
Examination Pattern
| Section | Questions | Marks | Duration |
|---|---|---|---|
| Logical Reasoning & Data Analysis | 60 | 60 | 40 min |
| English Language | 40 | 40 | 20 min |
| Quantitative Aptitude | 40 | 40 | 35 min |
| General/Banking Awareness | 60 | 60 | 25 min |
The online test has 200 multiple-choice questions and runs for 120 minutes. Each wrong answer leads to a deduction of 0.25 marks.
Selection Stages
| Stage | Details | Weightage |
|---|---|---|
| Online Test | Objective type MCQs | 75% |
| Personal Interview | Minimum qualifying marks: 50% (45% for SC/ST/OBC/PWD) | 25% |
| Document Verification | Original document validation | Mandatory |
| Pre-Recruitment Medical Test | Standard medical examination | Mandatory |
The final selection combines scores from both stages. Candidates need 75% weightage from online test scores and 25% from interview performance. Each candidate must achieve minimum cutoff marks in both stages to qualify for final selection.
Read Also: Uttarakhand Police Constable Recruitment 2024
Salary Structure and Career Progression
IDBI Bank provides a well-laid-out compensation package for Executive positions that shows clear career paths. Here’s a detailed breakdown of what you can earn and how you can grow:
Salary Structure (Contractual Period)
| Year of Service | Monthly Remuneration |
|---|---|
| First Year | ₹29,000/- |
| Second Year | ₹31,000/- |
| Third Year | ₹34,000/- |
Career Progression Hierarchy
| Position Level | Designation |
|---|---|
| Entry Level | IDBI Executive |
| Level 1 | Assistant Manager (Grade A) |
| Level 2 | Manager (Grade B) |
| Level 3 | Assistant General Manager (Grade C) |
| Level 4 | Deputy General Manager (Grade D) |
| Level 5 | General Manager (Grade E) |
| Level 6 | Chief General Manager (Grade F) |
| Level 7 | Executive Director |
Your contract starts with a one-year term. The bank reviews your performance yearly and checks if you’ve completed the required e-certifications. You can become an Assistant Manager Grade A through a selection process after completing three years of contractual service successfully. The bank’s learning programs and cross-functional exposure are great ways to boost your career prospects.
Important links
| Apply Online | Click Here | |||||||||
| Download Notification | Click Here | |||||||||
Conclusion
IDBI Bank has launched a recruitment drive with 1000 IDBI Executive positions available across the country. Fresh graduates aged 20-25 can apply through a merit-based process that includes online tests and face-to-face interviews. The detailed selection process evaluates candidates’ logical reasoning, English language skills, quantitative aptitude, and banking knowledge.
These roles come with excellent career growth opportunities. Executives can climb up to senior management positions over time. The starting monthly salary is ₹29,000, and candidates who perform well can secure permanent roles after three years. The bank’s steadfast dedication to employee growth through training programs makes these positions perfect for ambitious professionals who want to build their banking careers.