Indian Bank has started the recruitment process for local bank officer positions in the Junior Management Grade (JMG) scale. The application process to fill a total of 300 vacancies in five states will begin on August 31 and will end on September 2. The vacancies are provisional and subject to change based on the bank’s actual needs.
Selected candidates will undergo a probation period of two years from the date of joining. Candidates will be posted in that state for the first 12 years of their service or until they are promoted to SMGS-IV Grade, whichever comes first.
State-wise Vacancy Distribution
Total posts- 300 local bank officer posts
- Tamil Nadu / Puducherry: 160
- Karnataka: 35
- Andhra Pradesh & Telangana: 50
- Maharashtra: 40
- Gujarat: 15
Educational Qualification
The applicant should have a Bachelor’s degree in any discipline from a university recognised by the Government of India or an equivalent qualification recognised by the Central Government.
Proficiency in the local language (reading, writing, and speaking) of the chosen state is mandatory. A local language proficiency test will be conducted as part of the selection process, and failure to qualify will result in disqualification.
Read Also 1130 Posts: CISF Constable Recruitment 2024, Eligibility, Application form, Last Date
Age Criteria
The age limit of the candidates should be between 20 years to 30 years.
Pay Scale and Benefits
Scale 1 pay structure: Rs 48,480, Rs 2000/7, Rs 62,480, Rs 2,340/2, Rs 67,160, Rs 2680/7, Rs 85,920.
The selected candidate will also get additional benefits of DA, CCA, HRA, leased accommodation, leave fare concession, medical aid, hospitalisation benefits, retirement benefits, and other perquisites as per bank and industry rules.
Experience-Based Increment
Candidates with prior experience as an Officer in Scheduled Commercial Banks may receive up to two increments in pay, depending on the alignment of their previous job profile with the Scale-I Generalist Officer role at Indian Bank. However, candidates from subsidiaries of Scheduled Commercial Banks are not eligible for this increment. Previous experience will not count towards service seniority.
Read Also ITBP Constable Recruitment 2024: 819 Vacancies, Registration Opens on September 2
Selection Process
The selection process of applications include a written/online test followed by an interview. The written examination three hours will be held for 155 questions worth 200 marks. A penalty of 1/4th of the mark will be applied for wrong answers, but no penalty for unanswered questions.
The candidates who were shortlisted in the written exam will be called for the interview, with a ratio of three times the vacancy for unreserved categories and five times the vacancy for reserved categories.
Application Fees
The candidates need to pay the application fee as follows:
- Rs 175 (inclusive of GST) for SC/ST/PWBD candidates (intimation charges only)
- Rs 1,000 (inclusive of GST) for all other candidates
