IDBI Posts PGDBF

IDBI Bank

ADVERTISEMENT NO.2 /2019-20: 

Admissions to Manipal School of Banking -2019-20 

Last date for submission of ON-LINE applications is 03.07.2019 

LAST DATE FOR PAYMENT OF FEE – 03.07.2019 

PLEASE READ THE FOLLOWING INSTRUCTIONS CAREFULLY BEFORE 

REMITTING THE FEE AND FILLING UP THE ONLINE APPLICATION 

IDBI Bank has entered into a MoU with Manipal Global Education Services Private Limited (MGES), Bengaluru to provide training in Banking and Finance to prospective candidates aspiring to join IDBI Bank as Assistant Manager Grade ‘A’. 

IDBI Bank invites applications from young, dynamic graduates for admissions to Manipal School of Banking, Bengaluru for 1 year Post Graduate Diploma in Banking and Finance (PGDBF) comprising of 9 months of classroom studies at MGES, Bengaluru and 3 months Internship at IDBI Bank’s Branches. 

After the successful completion of the course, the candidates will be awarded PGDBF from Manipal University and will be inducted into IDBI Bank as Assistant Manager Grade ‘A’ subject to fulfillment of eligibility criteria as stated in this advertisement. 

Candidates fulfilling required eligibility criteria may apply On-line through the link given in Bank's website. Recruitments in IDBI Bank are strictly on all India basis by open competition and the Bank has not hired or authorized any agency or organization or any individual to recommend or recruit any personnel on its behalf or collect any money or commission or charges for recruitment or training or coaching, etc. 

Date of online Test (Tentative) 27th July 2019

Number of Seats 600

Qualification - Graduation from a recognised university (even those in the final year degree can also apply)

How To Apply:- 

A. APPLICATION REGISTRATION 

B. PAYMENT OF FEES 

Candidates can apply only online from 23.06.2019 to 03.07.2019 and no other mode of application will be accepted. 

Application Procedure 

Candidates to visit IDBI Bank’s website www.idbibank.in and click on the “CAREERS” to open the link “Admissions to Manipal School of Banking- 2019-20” and then click on the option “APPLY ONLINE” which will open a new screen. 

Programme Fees 

Programme fees for this Course will be Rs. 3,50,000/- (Rs. Three lakh fifty thousand only) plus GST, as applicable, to be paid by the students in instalments as per a fixed schedule during the 1 year programme ( inclusive of course fees, lodging, boarding and other fees, etc.). 

Apart from the above course fees, the exam fees for undergoing various Certification exams as mandated under the course will have to be borne additionally by the candidates, as per the fees charged by respective body/organizations from time to time for conducting these Certification exams. 

Financing / Loan Options 

Selected candidates can finance the course fees by availing Education Loan, if they so desire, which will be granted by IDBI Bank as per its existing education loan scheme. 

Career Prospects and Emoluments 

Stipend (during the training): During the Training Period (9 Months) - ` 2,500/- per month during the Internship Period (3 Months) - `10,000/- per month. 

After joining the Bank’s services as Assistant Manager Grade ‘A’ on successful completion of the course: The extant basic pay applicable to Assistant Managers in Grade A is ` 23,700/- per month in the pay scale of ` 23700-980(7)-30560-1145(2)-32850-1310(7)-42020(17 years). The pay scales, allowances, reimbursements, perquisites and other terms subsisting at the time of joining and as may be modified / amended / revised from time to time would be applicable as per rules in force from time to time. 

Terms of Appointment and Posting 

Initial appointment for the post of Assistant Manager will be on probation for a period of one year from the date of joining (which can be extended at the discretion of the Bank). Candidate will be posted at Bank’s discretion, to any offices of the Bank or the departments / offices / business units / the Bank’s associate institutions. The candidate will also be liable to be transferred to any place in / outside India, as the Bank may decide from time to time in terms of the Bank’s prevailing rules. 

Service Bond 

All selected candidates, at the time of their joining the course itself, will have to execute a Service Bond for serving IDBI Bank for a minimum period of 3 years from the date of their joining IDBI Bank’s service or shall have to pay a notional amount of `2 lakh. In addition to the payment of `2 lakh, in case any candidate leaves the services of IDBI Bank before 3 years of his/her joining, he/she will have to clear his/her outstanding educational loan dues at the applicable card rate, if he/she has opted for education loan from IDBI Bank. 

Examination Centres - Karnataka 

Bengaluru, Belgaum, Dharwad, Hubli, Mangalore 

for more information log on to

https://www.idbibank.in/idbi-bank-careers-current-openings.asp