IDBI Bank Recruitment 2023 | IDBI PGDBF Programme Recruitment 2023

IDBI Bank Recruitment 2023 : Notice of IDBI PGDBF Programme Recruitment 2023 for Junior Assistant Manager (Grade ‘O’) after completing a 1-year Post Graduate Diploma in Banking and Finance (PGDBF)

Aspiring candidates from across India are eligible to apply for these positions. This recruitment is organized at the national level, and the selected candidate can be posted anywhere in the country.

Please check all the details about Post Graduate Diploma Banking Finance Course of IDBI Bank Recruitment 2023.

IDBI PGDBF Programme Recruitment 2023:

IDBI is Industrial Development Bank of India, Its head-quarter is in Mumbai. The tagline of IDBI Bank is “Bank Aisa Dost Jaisa”.

This recruitment process aims to facilitate candidates’ admission to the IDBI-PGDBF program, which is conducted in collaboration with Manipal School of Banking, Bengaluru, and Nitte Education International Pvt. Ltd. (NEIPL), Greater Noida. The appointment of candidates as Junior Assistant Managers (Grade ‘O’) at IDBI Bank is contingent upon their successful completion of the one-year PGDBF course.

Established in 1964 as a Development Financial Institution (DFI), IDBI Bank transitioned into a commercial bank in 2004. Over the years, it expanded its services and faced financial challenges. In 2019, LIC acquired a majority stake. The bank continues to provide a range of financial services in India.

IDBI Bank Recruitment 2023 Overview :

IDBI Bank has partnered with Manipal Global Education Services Private Limited (MGES) in Bengaluru and Nitte Education International Pvt. Ltd (NEIPL) in Greater Noida to offer comprehensive training in Banking and Finance for prospective candidates aspiring to join the bank. IDBI Bank is now accepting applications from dynamic graduates for a one-year Post Graduate Diploma in Banking and Finance (PGDBF) program. This program includes six months of classroom studies at the respective campus, followed by a two-month internship and four months of on-the-job training (OJT) at various IDBI Bank branches, offices, and centers.

IDBI PGDBF Programme Recruitment 2023 Education Qualification :

Education criteria for IDBI PGDBF Programme is as follows :

Applicants must hold a bachelor’s degree from a university recognized by the Government of India or possess an equivalent qualification acknowledged by the Government of India. Only diploma pass candidate is not eligible for the programme candidate must done graduate after diploma if he/she wants to apply.

Applicants in their final year of graduation or semester may apply provisionally, with the condition that they must provide evidence of graduating by or before August 31, 2023, if invited for an interview.

Knowledge of computers is must for all candidates.

IDBI Bank Recruitment 2023 Age Details :

Age limit detail about IDBI Bank Programme Recruitment 2023 is as follows :

Age should be between 20 to 25 years. meaning candidates should have been born between August 31, 1993, and August 31, 2003 (inclusive of both days). The maximum age limit applies to unreserved and EWS candidates. Relaxation in the upper age limit is available as per Government of India rules for SC/ST/OBC/PwBD candidates.

For OBC – 3 years age relaxation, for SC/ST – 5 years age relaxation will be given.

For Physically disabled persons belongs to gen/ews category 10 years, for OBC- 13 years, For ST/SC – 15 years age relaxation will be given.

For Ex servicemen 5 year age relaxation will be given.

IDBI PGDBF Programme Recruitment 2023 Selection Process:

The IDBI Post Graduate Diploma in Banking and Finance course is as follows : The selection process will entail an initial Online Test, succeeded by a personal interview for those who successfully clear the online test. The online test will be conducted in an objective format.

The specific details of the examination are provided below:

The time duration for online test is 2 hours. There will be 0.25 negative marking for each wrong answers. There will be sectional and overall cutoff in online test.

Candidate shortlisted in online test will be called for interview. Candidate can give interview in English or Hindi as per the choice.

The personal interviews will carry a weightage of 100 marks. Candidates are required to attain the minimum qualifying marks in the interview, which must not fall below 50% (or 45% for SC/ST/OBC/PWD candidates).

The overall final score of candidates will be determined by considering their scores in both the Online Test and the Interview.

Candidate are advised to check IDBI PGDBF Programme Recruitment 2023 for more details.

IDBI Bank Recruitment 2023 Important Dates :

IDBI Bank Recruitment Application Fees

Online Application Fees for UR/EWS/OBC -1000 RS.

For ST/SC/PWBD Application Fees is 200 RS.

IDBI Junior Assistant Manager Grade O Salary :

During the first 6 months of training, you’ll get Rs. 5,000 per month. Then, during a 2-month internship, you’ll receive Rs. 15,000 per month. If you leave before joining the bank, they may ask for the money back. After completing the 8 months, if you do well, you’ll work for the bank as an OJT for 4 months in one of their branches or offices.

When you start working as a Junior Assistant Manager (Grade ‘O’) at the bank and finish the PGDBF course successfully, your total pay (CTC) will be around Rs.6.14 lakh to Rs.6.50 lakh if you’re in a Class A city.

IDBI PGDBF Programme Recruitment 2023 Post Details :

There will be horizontal reservation for physically disable person in their respective category, which is PWD VI- 14, OH- 11, HI-13, MD/ID- 13. please refer official notification for more details.

IDBI Post Graduate Diploma in Banking and Finance Course details :

The IDBI PGDBF Programme is basically a 1 year training cum Post Graduate Diploma course in Banking and Finance, In this Course IDBI Bank collaborates with Manipal Global Education Services Private Limited (MGES) in Bengaluru and Nitte Education International Pvt. Ltd (NEIPL) in Greater Noida to offer Banking and Finance training to individuals who wish to join IDBI Bank.

The 1-year Post Graduate Diploma in Banking and Finance (PGDBF) consists of 6 months of in-class learning at the institute, followed by a 2-month internship, and then a 4-month on-the-job training (OJT) at various IDBI Bank branches, offices, and centers.

After successfully finishing the course, candidates will receive a PGDBF Diploma and become Junior Assistant Managers (Grade ‘O’) at IDBI Bank, provided they meet the eligibility criteria mentioned in this advertisement.

Depending on job openings and the bank’s needs, IDBI Bank will try to hire candidates from the West and South zones through Manipal (MGES) in Bengaluru and candidates from the East and North zones through Nitte (NEIPL) in Greater Noida.

Candidates are advised to check their respective zone and state from where he/ she willing to work during training period. Depending on state and zone candidate should choose Manipal or Nitte institute. Check official notification for more details.

IDBI PGDBF Programme Fees :

The total cost for this course is Rs. 3,00,000 (Three lakh rupees) plus GST, which includes course fees, accommodation, meals, and other expenses. Additionally, candidates will need to pay exam fees for various certification exams required by the course, as charged by the respective organizations conducting these exams.

Finance/Loan Facility : Those who are selected can choose to finance their course fees through an Education Loan, which IDBI Bank offers under its existing education loan scheme.

IDBI PGDBF Programme Recruitment 2023 How to apply online :

Candidate has to upload his/ her basic details. Candidates need to enter their details like name, Aadhar number, email-id, mobile-number, etc. Candidate need to upload recent photograph, signature, education, income, caste certificate etc.

Download Official Notification Click Here

Online Application for IDBI PGDBF Programme Recruitment 2023 Click Here

Be care full for enter each required detail it is verified at the time of document verification after passing all the test.

A candidate may be disqualified if wrong data provided.

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IDBI PGDBF Programme Frequently Asked Questions (FAQs)