BANK JOBS

Company Name:IDBI BANK

Job Title:650 VACANCIES

Expiry On:12-03-2025

Job Description:

IDBI Bank has Released the Notification For Admissions to IDBI PGDBF 2025-26

Program Overview

• IDBI Bank invites applications from young, dynamic graduates for a 1-Year Post Graduate Diploma in Banking and Finance (PGDBF).
• The program includes: 6 months of classroom studies at the respective campus, 2 months of Internship & 4 months of On Job Training (OJT) at IDBI Bank’s Branches/offices/centers.
• After successful completion, candidates will be awarded the PGDBF Diploma.
• Candidates will be inducted into IDBI Bank as Junior Assistant Manager (Grade ‘O’), subject to fulfillment of eligibility criteria.
• Recruitment through Manipal Academy of BFSI, Bengaluru & Nitte Education International Pvt. Ltd. (NEIPL), Greater Noida.

Number of Vacancies: 650

Training Location: Bengaluru

Eligibility Criteria:

Educational Qualification:

• Candidates should be Graduates from any discipline from a university recognized by the Government of India or an equivalent qualification.
• Diploma courses will not be considered for eligibility.
• Candidates should have proficiency in computers.
• Proficiency in regional language will be preferred.

Age (As on March 01, 2025):

• Minimum: 20 years
• Maximum: 25 years
• Candidates must be born between 01.03.2000 & 01.03.2005 (both dates inclusive).
• Relaxation of upper age limit for reserved categories.

Programme Fees

• Rs. 3,00,000/- (Rupees Three lakh only) plus GST, as applicable.
• Fees to be paid in installments as per a fixed schedule during the 1-year program.
• Includes course fees, lodging, boarding, and other fees.
• Additional exam fees for certification exams to be borne by candidates as per respective organizations.

Financing/Loan Options:

• Selected candidates can avail Education Loan from IDBI Bank as per its existing education loan scheme.

Career Prospects & Emoluments

Stipend:

• During Training Period (6 Months): Rs. 5,000/- per month.
• During Internship Period (2 Months): Rs. 15,000/- per month.
• Stipend may be recovered if a candidate exits before completing the course.

Salary & Benefits:

• Upon joining as Junior Assistant Manager (Grade ‘O’), compensation (CTC) will range between Rs. 6.14 lakh to Rs. 6.50 lakh (Class A city).
• Eligible for TA/HA, local conveyance, subsidized lunch, and Visiting Officer Facility.
• No additional allowances, performance-linked pay, staff loans, perquisites, or benefits applicable to full-time employees.
• Annual increment based on performance and other parameters decided by the Bank.
• Eligible for promotion to Grade 'A' after 3 years, subject to performance and availability of vacancies.

Service Bond:

• Candidates must execute a Service Bond to serve IDBI Bank for a minimum of 3 years (excluding notice period).
• If a candidate leaves before 3 years, they must pay Rs. 2 lakh plus taxes.
• If availed, outstanding education loan dues must be cleared before leaving.
• Service Bond applicable from OJT period.

Terms of Appointment & Posting:

• Initial appointment as Junior Assistant Manager will be on probation for 1 year (extendable at Bank’s discretion).
• Posting at any Bank’s offices or business units as per requirement.
• Transferable across India as per Bank’s prevailing rules.

For Read the Official Notification: Click Here

How to Apply:

For Apply: Click Here

Note: Click on "Recruitment for IDBI-PGDBF 2025-26" and then "Apply Online"

Application Fee Details:

• Rs. 250/- for SC/ST/PWD candidates (Only Intimation Charges)
• Rs. 1050/- for all others (Application Fees & Intimation Charges)

Selection Process:

• Online Test
• Personal Interview

Important Dates To Remember:

• Cut-off date for eligibility criteria of Age & Qualification: March 01, 2025
• Online Registration: March 01, 2025 to March 12, 2025
• Payment of Application Fee/Intimation Charges: Online mode only
• Tentative Date of Online Test: April 06, 2025