Indian Overseas Bank, a leading Public Sector Bank with Head Office in Chennai has entered into a MoU with Manipal Global Education Services Pvt. Ltd (MaGE), Bangalore a leader in education field to provide World Class training in Banking and Finance to prospective candidates aspiring to join Indian Overseas Bank as Probationary Officers so that they are fully equipped to discharge their duties effectively from day one of joining the services of the bank.

The Bank invites the applications from young, qualified and dynamic graduates who can be inducted into Indian Overseas Bank as Probationary Officers in Junior Management Grade Scale-I after imparting them with the necessary knowledge and skills required for all round bankers through the 1 year Post Graduate Diploma in Banking and Finance course in Indian Overseas Bank Manipal School of Banking (IOBMSB).

To view the complete pattern of the recruitment: CLICK HERE

NOTE: NO IBPS SCORE REQUIRED TO APPLY

Important Dates:

Online Registration & Payment of Application fees: 10.07.2013- 29.07.2013
Download of Call letter for Examination After 19.08.2013
Online Examination (Tentative dates): 01.09.2013
Tentative Month of Interview: September/ October 2013

Application Fees:

For General & OBC Applicants : Rs.500/- &
For SC/ ST/PH Applicants: Rs.50/

Details of Vacancies- Total=480 Vacancies

SC- 72
ST- 36
OBC- 129
General- 243

Eligibility Criteria: (AS ON 01.09.2013)

  • Age Limit: Minimum Age: 20 Years; Maximum Age: 28 Years.
  • Graduation from a recognised University/Institution with minimum 60% Marks. (For Candidates belonging toSC/ST/PC category minimum 55% Marks). Graduation results should be declared by the University/Institution on or before 01.09.2013.
  • The candidates should produce the Semester/Year wise Mark Sheets, Consolidated Degree Mark Sheet and Provisional Certificate at the time of Interview, failing which the candidates will not be allowed to attend the Interview.

Online Aptitude test:

The online aptitude test will be for duration of 2 hours and shall comprise of the following tests:

  • Logical aptitude / reasoning
  • Quantitative / numerical aptitude
  • English language
  • General Awareness and
  • Computer Awareness

There will be penalty of 0.25 marks per wrong answer.

About the Course Fees:

The fees for this Course will be Rs 3.30/- lakhs (all inclusive of Boarding, Lodging and course fees, other fees, etc.) plus service taxes, as applicable to be paid by the selected candidates.

Note: The candidates selected for training can finance the Course fees by availing an Educational Loan under IOB Vidya Jyoti Educational Loan Scheme

Important:

  • On successful completion of the programme, the programme participants would be awarded a Postgraduate Diploma in Banking & Finance (PGDBF) by Manipal University and would be absorbed as Probationary Officers in Indian Overseas Bank.
  • Probation Period:  The selected candidates will be on probation for a period of two years (24 months of active service) from the date of  joining the services of the Bank as per the rules of the Bank.
  • Bond Amount: Candidates selected for appointment will be required to execute a Financial Service Bond for rendering service for a minimum period of 5 years. The amount of the Financial Service Bond presently is Rs 2,00,000/

How to Apply?

  • Eligible candidates are required to apply ‘ONLINE’ only. No other means / mode of application will be acceptable.
  • Before applying online, the candidate has to remit the application fee/ intimation charge as applicable to the candidate with the filled up Payment Receipt Challan.
  • Ensure to collect candidate’s copy of Payment Receipt Challan for the application fee / intimation charge paid.

Download from here the Fee Payment Challan

Click Here to APPLY ONLINE. Before Applying Online,Go through, “How to Apply”

Read from here Detailed Advertisement about the recruitment drive.

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