IDBI Recruitment 2024 For 1000 Executive Posts, Apply Online

The Industrial Development Bank of India (IDBI) has announced the IDBI Executive Recruitment 2024. Interested candidates can apply online through the official website @idbibank.in between 07 November and 16 November 2024.

Stay updated on India’s latest government job opportunities by visiting the careerbywell page, informing you about the newest openings in 2024.

About Industrial Development Bank of India (IDBI)

IDBI Bank Limited (IDBI Bank or IDBI) is a development finance institution under the ownership of the Life Insurance Corporation of India and the Government of India. Established in 1964 as the Industrial Development Bank of India, it provided financial services to the industrial sector. In 2005, it merged with its commercial division, IDBI Bank, forming the present-day banking entity. In March 2019, the Government of India asked Life Insurance Corporation to infuse capital into the bank due to high NPA and capital adequacy issues. IDBI was put under Prompt Corrective Action (PCA) by the RBI, and on 10 March 2021, it came out of PCA. The current shareholding of the Government of India in IDBI Bank is approximately 95%, and various national institutes like SIDBI, EXIM, National Stock Exchange of India, SEBI, and National Securities Depository Limited find their roots in IDBI.

IDBI Recruitment 2024

The Industrial Development Bank of India (IDBI) has officially announced the IDBI Executive Recruitment 2024, offering 1,000 vacancies for the position of Executive. This recruitment drive is a great opportunity for candidates who are looking to build a career in the banking sector. The notification was published on 06 November 2024, and the online application process will be open from 07 November to 16 November 2024. Candidates who are interested in applying should make sure to submit their applications within this period. The online examination for recruitment is tentatively scheduled for 01 December 2024. For more information and to apply, candidates can visit the official IDBI website.

IDBI Recruitment 2024 Overview

Organization Name	Industrial Development Bank of India (IDBI)
Post Name	Executive
Education Qualification	Graduation
Age Limit	20 to 25 Years
No.of Vacancies	1000
Application Start Date	7th November 2024
Application End Date	16th November2024
Salary	1st year- ₹29000/- p.m. 2nd year- ₹31300/- p.m.
Selection Process	Online Test & Interview
Employment Type	Contractual

IDBI Recruitment 2024 Important Dates

S. No.	Activity	Date
1.	The cut-off date for eligibility criteria of Age & Educational Qualification	October 01, 2024
2.	Advertisement date	November 06, 2024
3.	Online Registration (only) including Edit/Modification of Application by candidates	November 07, 2024 – November 16, 2024
4.	Payment of Application Fee/Intimation Charges – (Online mode only)	November 07, 2024 – November 16, 2024
5.	Tentative Date of Online Test (OT)	December 01, 2024 (Sunday)

Note: Any changes or modifications in the date of the Online Test (if any) will be updated on the Bank’s website (Career section) only. No individual emails/communications will be sent to the applicants.

IDBI Recruitment 2024 Vacancies

Category	Vacancy
Unreserved (UR)	448
Economically Weaker Section (EWS)	100
Other Backward Classes (OBC)	231
Scheduled Caste (SC)	127
Scheduled Tribe (ST)	94
Total	1000

 

IDBI Recruitment 2024 Eligibility Criteria

Age:

• Minimum Age: 20 years
• Maximum Age: 25 years
• The candidate must have been born between October 2, 1999, and October 1, 2004 (both dates inclusive).

Educational Qualification:

• The candidate must have a Graduate degree from a recognized university in any discipline. The degree should be from a university approved by recognized bodies like AICTE, UGC, etc.
• Diploma holders will not be considered eligible.

Computer Literacy:

• Candidates are expected to be proficient in computers/IT-related aspects.

IDBI Recruitment 2024 Selection Process & Exam Pattern

1. Online Test (OT) The online test will assess candidates across four sections:

Section	No. of Questions	Max. 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

• Negative Marking: 0.25 marks will be deducted for each incorrect answer.

2. Interview

• After successfully passing the online test, candidates will undergo Document Verification (DV).
• Then, candidates will be invited for a Personal Interview (PI), which is worth 100 marks.
  • Minimum qualifying marks for the interview: 50% for General candidates, 45% for SC/ST/OBC/PwBD candidates.

3. Pre-Recruitment Medical Test (PRMT) Candidates who pass the online test and interview will undergo a Pre-Recruitment Medical Test (PRMT).

4. Final Selection The final selection will be based on a weighted average of the Online Test (OT) and Interview scores:

• Final Score = 3/4 of OT Score + 1/4 of Interview Score

IDBI Recruitment 2024 Salary

Remuneration:

• First Year: Rs. 29,000/- per month
• Second Year: Rs. 31,000/- per month

These are consolidated/fixed remunerations for the IDBI Executive (Sales and Operations) role.

IDBI Recruitment 2024 Application Fee

Candidates applying for the IDBI Executive Recruitment 2024 are required to pay an application fee based on their category. The application fee is non-refundable, and failure to pay the fee will result in the rejection of the application.

Application Fee:

• UR/EWS/OBC: ₹1050/-
• SC/ST/PwBD: ₹250/-

Mode of Payment:

• The application fee can be paid online through methods such as NEFT, IMPS, Bank Transfer, Net Banking, or Debit/Credit Card.

Important Notes:

• The fee must be paid online, and once paid, it is non-refundable under any circumstances.
• Make sure to keep a record of the transaction number, as you will need it while submitting the application form.

IDBI Recruitment 2024 Application Process

Application Process for IDBI Executive Recruitment 2024

1. Important Points to Note Before Applying:

• Valid Email & Mobile Number: Candidates must have a valid personal email address and mobile number that should remain active throughout the recruitment process. The Bank will send call letters and updates to the registered email and mobile number. Any changes to the contact information after registration will not be entertained.
• Required Documents: Candidates must scan and upload their photograph, thumb impression, handwritten declaration, and signature as per the guidelines. The handwritten declaration text should read:

“I, _______ (Name of the candidate), hereby declare that all the information submitted by me in the application form is correct, true, and valid. I will present the supporting documents as and when required.”

• Signature Guidelines: The signature, thumb impression, and handwritten declaration must be of the candidate and in the specified format. Any inconsistency in signature or thumb impression may result in disqualification.
• Capital Letters: The signature and handwritten declaration must be in normal case (not in CAPITAL letters).

2. Application Submission Process:

• Single Application: Submit only one application. Multiple applications will result in the cancellation of all except the most recent one.
• No Changes After Submission: Once the application is submitted, no changes can be made to the details (such as name, category, date of birth, etc.), so candidates must verify all details carefully before submission.
• Category: The selected category cannot be changed after applying. Ensure the correct category is selected before submission.

3. Step-by-Step Application Procedure:

1. Visit the Official Website: Go to IDBI Bank Careers, and click on “CAREERS/CURRENT OPENINGS.”
2. Choose the Link: Find and click on “Recruitment of Executives – Operations and Sales (ESO)” and then select “APPLY ONLINE.”
3. New Registration: Click on the “Click here for New Registration” tab. Enter your details (name, contact, email ID). A provisional registration number and password will be generated.
4. Save Progress: If unable to complete the form in one go, save your progress using the “SAVE AND NEXT” option and continue later.
5. Review Details: Before submitting, carefully review all details entered, including personal information, photograph, signature, and handwritten declaration.
6. Upload Documents: Upload scanned copies of your photo, signature, thumb impression, and handwritten declaration as per the guidelines.
7. Payment: After completing the application form, click on the “Payment” tab to proceed with payment via the available online modes. No changes to the payment mode will be allowed once selected.

4. Final Steps:

• Preview and Verify: Click on the “Preview” tab to review your application form. Ensure everything is correct before clicking “COMPLETE REGISTRATION.”
• Submit Payment: Once satisfied with your application, proceed with the payment.

5. Payment Mode:

• Application Fee Payment: Payment can only be made through online modes like debit/credit card, NEFT, or net banking.

Candidates should ensure all documents and details are correctly uploaded and filled out before final submission to avoid any issues during the recruitment process.

Official Notification: Click Here