IDBI Executive Recruitment 2023: Applications Invited for 1036 Vacancies

    In a remarkable employment initiative, IDBI announces the availability of 1036 executive posts on a contractual basis.

    Industrial Development Bank of India (IDBI) has launched its much-anticipated recruitment drive for the year 2023. Opening the gates for aspirants across the country, IDBI released the official notification on May 24, 2023, announcing 1036 vacancies for the executive positions on a contract basis. This exercise is considered as one of the significant employment generation drives in the banking sector for the current year. We have undertaken a comprehensive examination of the salient features of the IDBI Executive Recruitment 2023, encapsulating key aspects including application process, important dates, eligibility criteria, and more.

    A Closer Look at the Recruitment

    The recruitment drive for the contractual executive posts is initially for a tenure of one year, and based on the executive’s performance, completion of assigned mandatory e-certifications and subject to the availability of vacancies, the contract may be extended year-to-year for an additional period of 2 years. The selection process comprises an online test, document verification, and a pre-recruitment medical test.

    Quick Snapshot

    Key Features Details
    Organisation IDBI Bank Ltd
    Post Executive (Contractual)
    Selection Process Online Test, Document Verification, Pre-Recruitment Medical Test
    Total Vacancies 1036
    Application Mode Online
    Official Website

    Unveiling the Timeframe

    Knowing the key dates is a vital part of the application process. The complete application process, starting from the release of the notification to the last date of application and the proposed date for the online test, is detailed below.

    Events Dates
    Release of Notification 24 May 2023
    Online Application Process Begins 24 May 2023
    Last Date to Apply 7 June 2023
    Date for the Online Test 2 July 2023

    Decoding the Vacancies and Application Fees

    Out of the 1036 vacancies announced, they are distributed among various categories including SC, ST, OBC, EWS, UR, and PwD. The application fee for different categories is INR 200 for SC/ST/PwD candidates (Intimation Charges only), and INR 1000 for all other candidates (Application Fees and Intimation Charges).

    Eligibility Criteria – A Must Know

    Before filling the application form, candidates should ensure they meet the required eligibility criteria. The age limit for applicants is between 20 and 25 years, with certain relaxations available for reserved categories. In terms of educational qualification, candidates should have completed graduation from a recognised university.

    Age Relaxation

    Certain relaxations in the upper age limit are available for different categories, as detailed below:

    S. No. Category Maximum Age Relaxation
    1 Scheduled Caste/Scheduled Tribe 5 years
    2 Other Backward Classes (Non-Creamy Layer) 3 years
    3 Persons With Benchmark Disabilities 10 years
    4 Ex-Servicemen, Commissioned Officers 5 years
    5 Persons affected by 1984 riots 5 years

    The Selection Process

    The selection process for the IDBI Executive Exam comprises an online test, followed by document verification and a pre-recruitment medical examination. The online test encompasses various areas such as Logical Reasoning, Data Analysis & Interpretation, English Language, Quantitative Aptitude, and General/Economy/Banking Awareness/ Computer/IT.

    Salary Structure

    The salary structure for the executive post is consolidated and increases year-on-year. The details are as follows:

    Year of Service Consolidated Remuneration
    First year Rs. 29,000/- per month
    Second year Rs. 31,000/- per month
    Third year Rs. 34,000/- per month

    In conclusion, the IDBI Executive Recruitment 2023 stands as a remarkable opportunity for eligible candidates looking to make their mark in the banking sector. It is imperative for applicants to read and understand the eligibility criteria and other guidelines carefully before applying. With the last date to apply looming, interested candidates are advised to submit their applications promptly.

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