IDBI Executive Sales and Operations (ESO) Recruitment 2024 - Eligibility - Salary - Selection Process

Industrial Development Bank of India (IDBI) has released notification for recruitment of Executive Sales and Operations (ESO) for 2024-25.
Here in this blog, I have explained all the necessary details related to this recruitment notification.

• Advt. No.: 09/2024-25
• Post: Executive Sales and Operations (ESO)
• Class: Group-B
• Organisation: Industrial Development Bank of India (IDBI)
• Type: Private Sector Bank
• Vacancies: 1000+ vacancies
• Type: Contractual Job (likely to be permanent).
• Eligible: Both Male and Female.
• Last Date: 16/11/2024

Is IDBI a Government or Private Bank?
After Life Insurance Corporation (LIC) of India acquired 51% of the total paid-up equity share capital of the bank, it has been categorized as a ‘Private Sector Bank’ for regulatory purposes by Reserve Bank Of India (RBI) with effect from January 21, 2019.
However, Direct and Indirect (through LIC & PSUs) shareholding of Government of India (GoI) in IDBI Bank is over 97%. But for categorisation purposes, it's a Private Bank, and so its employees are also private.

IMPORTANT DATES:
Advertisement Date: 06/11/2024
Application Begin: 07/11/2024
Last Date to Apply Online: 16/11/2024
Pay Exam Fee Last Date: 16/11/2024
Exam Date: 01/12/2024

APPLICATION FEES:
Gen/OBC/EWS: ₹1050
SC/ST/PH: ₹250

VACANCY:
A total of 1000 vacancies have been advertised, which are distributed as follows:
(i) General (UR): 448 vacancies
(ii) EWS: 100 vacancies
(iii) OBC-NCL: 231 vacancies
(iv) SC: 127 vacancies
(v) ST: 94 vacancies

EDUCATIONAL QUALIFICATION (as on 01/10/2024):
(i) Graduation in any discipline from any UGC/AICTE recognised university/institution.
(ii) Proficient in Computer Operations (no specific certificate required).

AGE LIMIT (as on 01/10/2024):
Minimum: 20 years
Maximum: 25 years
• Age relaxation in the upper age limit will be given to:
(i) SC/ST: 5 years
(ii) OBC: 3 years
(iii) Persons with Benchmark Disabilities (PWBD): 10 years
(iv) Ex-servicemen: 5 years
(v) Victims of 1984 riots: 5 years

CONTRACT PERIOD:
• Duration: One (1) Year, which can be extended by another 1 year.
• During these two years of contract, candidates will receive a monthly salary of:
(i) ₹29,000 for 1st year
(ii) ₹31,000 for 2nd year

Will I get a Permanent Job in IDBI?
• On successful completion of a period of 2 years of contractual service, the appointee shall become eligible for appointment as Junior Assistant Manager, (JAM), Grade ‘O’ in the Bank through a selection process that would be conducted by the Bank.
• On joining the Bank’s services as Junior Assistant Manager -JAM (Grade ‘O’), CTC would range between Rs.6.14 lakh to Rs.6.50 lakh per annum (Class A city) at the time of joining.

SELECTION PROCESS:
The selection process shall comprise of:
A. Online Test (OT)
B. Document Verification (DV)
C. Personal Interview (PI)
D. Pre Recruitment Medical Test (PRMT).

A. Online Test (OT):
Online Test will contain questions from:
(i) Logical Reasoning, Data Analysis & Interpretation: 60 questions - 60 marks - 40 minutes
(ii) English Language: 40 questions - 40 marks - 20 minutes
(iii) Quantitative Aptitude: 40 questions - 40 marks - 35 minutes
(iv) General/Economy/Banking Awareness/Computer/IT: 60 questions - 60 marks - 25 minutes
• Total: 200 questions
• Total Marks: 200 marks
• Total Time: 120 minutes (2 hours)
• Negative Marking: One-fourth (-0.25 marks)

B. Document Verification (DV):
Candidates who qualified Online Test, will be called for Personal Interview, and before giving Interview, their Documents will be verified.

C. Personal Interview (PI):
• After satisfactory verification of documents, candidates will be allowed to give the Interview.
• Interview will be of 100 marks.
• Total Marks for Final Merit (for selection):
3/4 of OT score + 1/4 of PI score = 150 + 25 = 175 marks.

D. Pre Recruitment Medical Test (PRMT):
The final offer of employment would be issued to candidates who found to be medically fit as per Bank’s Medical Fitness Standards and/or by the Bank’s Medical Officer at Corporate Center, Mumbai.

That's all about IDBI Executive Sales and Operations (ESO) Recruitment 2024. For more such informative updates, keep visiting this blog!