INDIAN OVERSEAS BANK
RECRUITMENT OF 480 PROBATIONARY OFFICERS THROUGH TIE-UP WITH
Indian Overseas Bank, a Nationalized Bank with pan India
presence 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
DETAILS OF VACANCIES FOR ADMISSION
The number of students who would be trained by Indian Overseas Bank Manipal
School of Banking is 480
EDUCATIONAL QUALIFICATIONS (AS ON 01.09.2013):
Graduation from a recognised University/Institution with
minimum 60% Marks. (For Candidates belonging to SC/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.
Note: Candidates are advised to only enter percentage
of marks (calculated to the nearest two decimals) obtained in the
Graduation in the online application form. Where no percentage of mark is
awarded by the University, but only CGPA/ OGPA is awarded, candidates are
advised to convert the same into percentage and enter only the percentage of
marks. The fraction of percentage will be ignored and will NOT be rounded off to
the next highest integer i.e. 59.99% will be treated as less than 60% and
54.99% will be treated as less than 55%.
AGE (AS ON 01.09.2013):
Minimum Age: 20 Years; Maximum Age: 28 Years. Relaxation in maximum age for
SC/ST/OBC/PC/Ex-Servicemen will be as per extant Government Guidelines.
All the eligible candidates who have submitted their online
application properly in time will be administrated an Online Examination which
will be Objective in nature. The details of the same are furnished hereunder.
||NAME OF TESTS
||GENERAL AWARENESS (WITH SPECIAL REFERENCE TO BANKING INDUSTRY)
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. The details of the Scheme are available in our Bank’s
website under the following link
STIPEND, EMOLUMENTS & OTHER DETAILS
STIPEND (DURING THE TRAINING):
During the Training Period (9 Months) - Rs. 2500/- per month During the
Internship Period (3 Months) - Rs.10000/- per month
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.
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 ` 2,00,000/- along with
liquidation of the loan amount at commercial rate of interest (if any) and the
stipend received during the training period.
How To Apply:
Eligible candidates are required to apply 'ONLINE' only
through our Bank’s website www.iob.in and no other means / mode of application
will be acceptable. Candidates are advised to follow the following sequence of
steps while applying online.
Candidates are required to have a valid personal e-mail ID
and the same should be specified in the online application form while
applying for Online Examination for recruitment of Probationary Officers through
tie-up with academic institution in our Bank. It should be kept active for
the duration of this recruitment process. Under no circumstances, he/she should
share/mention e-mail ID to / of any other person.
OPENING DATE FOR ONLINE REGISTRATION 10.07.2013
CLOSING DATE FOR ONLINE REGISTRATION 29.07.2013
PAYMENT OF APPLICATION FEE /INTIMATION CHARGE
10.07.2013 to 29.07.2013
DOWNLOAD OF CALL LETTERS FOR ONLINE EXAMINATION
(TENTATIVE) AFTER 19.08.2013
TENTATIVE DATE OF ONLINE EXAMINATION 01.09.2013
TENTATIVE MONTH OF INTERVIEW SEPTEMBER / OCTOBER 2013
Courtesy: Indian Overseas Bank