11 Jun

IDBI Assistant Manager Posts Through Manipal June 2015(500 vacancies)

IDBI Bank, Government of India owned bank has entered into a MoU with Manipal Global Education Services Private Limited, to train candidates in Banking and Finance and then later help them to join IDBI bank as Assistant Manager Grade A‟.

The Bank invites applications eligible graduates for admissions in IDBI Manipal School of Banking, Bangalore for 1 year Post Graduate Diploma in Banking and Finance (PGDBF). After the successful completion of the course, the candidates will be awarded PGDBF from Manipal University and will be placed Assistant Manager Grade “A” in IDBI bank.

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

Financing / Loan Options
Selected candidates can finance the course fees by availing Education Loan which will be
granted by IDBI Bank as per the existing education loan schemes, if so desired by the applicants.
The EMIs for the loan would start once the candidates have joined the bank as Assistant
Manager. There would be no recovery of EMIs or interest during the training period and the
interest accrued during this period would be recovered along with the normal EMIs.

Career Prospects and Emoluments
Stipend (during the training): During the Training Period (9 Months) – `2500/- per month
During the Internship Period (3 Months) – `10000/- 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
14,400/- per month in the pay scale of ` 14400-1000(19)-33400-1250(6)-40900 (26 years). The
pay scale, 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.

Service Bond
All selected candidates, at the time of their joining the course itself, will have to execute a
Service Bond for serving the Bank for a minimum period of 3 years from the date of their joining
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 the Bank before 3 years, 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.

Total No. of Vacancies: 500 posts (UR-253, OBC-135, SC-75, ST-37) (PH-15),

Age : 20-28 years as on 01/06/2015,

Qualification : Graduation in any disciplines.

Online Test on 02/08/2015.

Application Fee : Rs.700/-(Rs.150/- for SC/ST/PWD)

How to Apply : You can apply Online at IDBI website from 10/06/2015 to 24/06/2015 only.

Please visit http://www.idbi.com/idbi-bank-careers-current-openings.asp for notification and link to online submission of application.