The Industrial Development Bank of India (IDBI) has recently announced a significant recruitment drive for IDBI Executive Recruitment 2024, offering 1,000 positions for candidates. This presents a golden opportunity for aspiring banking professionals to join a leading financial institution. The application window is open from November 7th to 16th, 2024. The online examination is tentatively scheduled for December 1st, 2024.
IDBI Executive Recruitment 2024 Notification Out
The IDBI Executive Recruitment 2024 offers a promising career path for fresh graduates aspiring to work in the banking industry. For detailed information on eligibility criteria, selection procedures, exam patterns, and other important guidelines, it is recommended to download the official notification PDF. This document provides a comprehensive overview of the recruitment process. Click on the link below to access and review the IDBI Executive Recruitment 2024 Notification PDF.
IDBI Executive Recruitment 2024 Overview
| Post Name | IDBI Executive Recruitment |
| Organization | Industrial Bank of India (IDBI) |
| Vacancy | 1000 |
| Starting Date to Apply | November 7, 2024 |
| Last Date to Apply | November 16, 2024 |
| Age Limit | 20 – 25 Years |
| Employment Type | Contractual |
| Contract Period | 1 Year ( can be extended) |
| Salary | Rs. 29000 per month (1st Year) Rs. 31300 per month (2nd Year) |
| Examination Date | December 1, 2024 (Tentative) |
| Official Portal | idbibank.in |
IDBI Executive Vacancy 2024
IDBI Bank recently announced a recruitment drive for 1,000 Executive positions across its branches. This presents a fantastic opportunity for aspiring professionals to join a well-known financial institution and kickstart their banking careers.
| Category | Vacancy |
| Unreserved (UR) | 448 |
| Economically Weaker Section (EWS) | 100 |
| Other Backward Class (OBC) | 231 |
| Schedule Caste (SC) | 127 |
| Schedule Tribe (ST) | 94 |
| Total Vacancies | 1000 |
IDBI Executive 2024 Apply Online
The online application process for IDBI Bank’s Executive positions is now open. Interested Candidates can apply online from November 7th to 16th, 2024, and early submission is recommended, as applications will not be accepted beyond the deadline. Please note that only online applications will be accepted, so be sure to complete your application on the official website before the closing date.
IDBI Executive 2024 Eligibility Criteria
To be eligible for the IDBI Executive position, candidates must meet the following criteria:
Educational Qualification:
- Candidates must hold a graduate degree from a recognized university or institution.
- Basic computer knowledge is required.
Age Limit:
- Minimum Age: 20 years
- Maximum Age: 25 years (as of the specified cut-off date)
- Age relaxation is available for candidates from reserved categories, under government regulations.
Selection Procedure of IDBI Executive 2024
The selection process for the IDBI Executive Recruitment 2024 involves the following stages:
- Online Test: Candidates will be shortlisted based on their performance in this test.
- Interview and Document Verification: Shortlisted candidates will be invited for an interview and document verification process.
- Pre-Recruitment Medical Test: Successful candidates from the interview stage will undergo a pre-recruitment medical test.
IDBI Executive 2024 Exam Pattern
1. Online Test (OT):
| Topics | No. of Questions | Marks | Duration |
| Logical Reasoning/ Data Analysis & Interpretation | 60 | 60 | 40 minutes |
| General/ Economy/ Banking Awareness/ Computer/ IT | 60 | 60 | 25 minutes |
| Quantitative Aptitude | 40 | 40 | 35 minutes |
| English Language | 40 | 40 | 20 minutes |
| Total | 200 | 200 | 2 hours |
Please note that there’s a negative marking of 0.25 marks for each incorrect answer.
2. Interview:
Following the online test, shortlisted candidates will proceed to the next stages of the selection process:
- Document Verification (DV): Candidates will need to submit original documents for verification.
- Personal Interview (PI): Shortlisted candidates will be interviewed, with a maximum score of 100 marks.
- General category candidates must score a minimum of 50%.
- SC/ST/OBC/PwBD candidates must score a minimum of 45%.
- Pre-Recruitment Medical Test (PRMT): Successful candidates from the interview stage will undergo a medical examination.
3. Final Selection:
The final selection is based on the formula:
- Final Score = 3/4 of OT Score + 1/4 of Interview Score
IDBI Executive 2024 Pay Scale
The IDBI Executive position offers a competitive salary package, starting at Rs. 29,000 per month for the first year and increasing to Rs. 31,000 per month in the second year. However, it’s important to note that this position does not include additional allowances, benefits, or traditional superannuation perks like provident fund and gratuity.
IDBI Executive Application Fee 2024
The IDBI Executive Application Fee 2024 is to be paid online mode.
| Category | Application Fee |
| UR/EWS/OBC | Rs. 1050/- |
| SC/ST/PwBD | Rs. 250/- |
IDBI Executive 2024 Contractual Basis Recruitment
The IDBI Executive 2024 recruitment is a contractual position, initially for one year. This contract may be extended annually, subject to satisfactory performance, completion of mandatory training, and other bank-specified criteria. After successful completion of two years of service, candidates may be considered for a permanent position as Junior Assistant Manager (Grade ‘O’) through an internal selection process. This promotion is contingent upon performance, vacancy availability, and the bank’s specific policies.
Important Date
- Starting Date: November 7, 2024
- End Date: November 16, 2024
- Exam Date: December 1, 2024 (Tentative)
Important Link
- Official Portal: idbibank.in
FAQ’s
Q1: What is the selection process for the IDBI Executive Recruitment 2024?
Ans: The selection process involves an online test, followed by a personal interview and a pre-recruitment medical test.
Q2: Is there any provision for permanent employment after the initial contract period?
Ans: Yes, after completing two years of service, candidates may be considered for a permanent position as Junior Assistant Manager (Grade ‘O’) through an internal selection process.