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 | https://www.idbibank.in/ |
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.