Hello, aspirants! If you’re interested in building a career in the banking sector, take a look at the IDBI Executive Recruitment 2024. This notification announces 1,000 vacancies for Executive Sales and Operations (ESO) positions. It’s a great opportunity for those eager to work with IDBI Bank, though please note this role is a contract-based position, lasting 1 to 2 years. During this period, you’ll receive a monthly salary of INR 29,000. For those looking to gain valuable experience with IDBI Bank, this position could be a solid stepping stone. Interested and eligible candidates can apply through the official IDBI recruitment website, www.idbibank.in, from November 7 to November 16, 2024.
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The appointment of Executive Sales and Operations (ESOs) will be strictly on a contractual basis, initially set for one year. This contract may be extended annually for an additional year, depending on satisfactory performance, completion of required e-certifications, vacancy availability, and any criteria set by the bank. According to the bank’s current guidelines (which may change over time), candidates who complete two years of contractual service may be eligible for consideration for the Junior Assistant Manager (JAM), Grade ‘O’ position through a selection process conducted by the bank. This progression will depend on performance, vacancies, and other specified criteria.
Overview of IDBI Executive Recruitment 2024
This notification was issued by the General Manager, Human Resource Department, IDBI Bank, Mumbai, on November 6, 2024. It is identified as Advertisement NO. 09/2024-25 and is titled “Recruitment of Executive – Sales and Operations (ESO): 2025-26.” The official notification comprises 29 pages, all in English, covering comprehensive details about this recruitment. For your convenience, key highlights of the recruitment are summarized in the table below.
| Overview | |
|---|---|
| Recruitment Organization | Industrial Development Bank of India (IDBI) |
| Exam Name | IDBI Executive Examination 2024 |
| Post Name | Executive (Sales and Operations) |
| Post Type | Contractual |
| Job Duration | 1 to 2 years |
| Vacancies | 1000 |
| Educational Qualification | Any Degree |
| Age | Between 20 and 25 years |
| Category | Bank Job |
| Salary | Rs.29,000/- |
| Application Mode | Online |
| Notification Release Date | 06-11-2024 |
| Apply Online Start Date | 07-11-2024 |
| Apply Online Last Date | 16-11-2024 |
| Online Test Date | 01-12-2024 |
| Application Fee | SC/ST/PwBD ₹250 Others: ₹1050 |
| Selection Process | Online Test, Document Verification, Personal Interview, Pre Recruitment Medical Test |
| Mode of Exam | Online |
| Exam Language | English, Hindi |
| Questions Type | Objective (MCQs) |
| Apply Link | Click Here |
| Notification PDF Download | Click Here |
| Official Website | Click Here |
Vacancy Information
The detailed vacancy information, including reservation categories, is mentioned on the first page of the official notification. Below is the table that provides the number of vacancies available in this recruitment notification, categorized by reservation:
| Post Name | Category | Vacancies |
|---|---|---|
| Executive (Sales and Operations) | General | 448 |
| ST | 94 | |
| SC | 127 | |
| OBC | 231 | |
| EWS | 100 | |
| PwBD | 40 | |
| Total | 1000 |
IDBI Bank Executive (Sales and Operations) Responsibilities
An Executive (Sales and Operations) at IDBI Bank has a broad set of responsibilities, covering both sales and operational areas. Below is an overview of their main duties:
Sales Responsibilities
- Customer Acquisition: Actively seek and acquire new customers by promoting bank products and services like savings accounts, loans, credit cards, and investment products.
- Cross-Selling: Identify opportunities to sell additional products and services to existing customers, enhancing customer relationships and increasing revenue.
- Sales Targets: Achieve assigned sales targets for various products and services, contributing to the overall branch performance.
- Customer Relationship Management: Build and maintain strong relationships with customers, addressing their needs and concerns promptly.
Operational Responsibilities
- Customer Service: Provide excellent customer service by addressing inquiries, resolving issues, and guiding customers on banking procedures.
- Transaction Processing: Handle various banking transactions, including deposits, withdrawals, fund transfers, and cheque processing.
- Account Management: Open and close customer accounts, maintain accurate records, and ensure compliance with bank policies and regulations.
- Back-Office Operations: Support back-office tasks like data entry, report generation, and maintaining records.
- Compliance: Adhere to regulatory guidelines and internal bank policies to ensure operational efficiency and risk mitigation.
Additional Responsibilities
- Product Knowledge: Stay updated on the bank’s product offerings and be able to explain their features and benefits to customers.
- Technology Proficiency: Utilize banking software and technology tools effectively to streamline operations and improve efficiency.
- Teamwork: Collaborate with colleagues to achieve team goals and provide support as needed.
Note: Specific responsibilities may vary based on branch, role, and experience. However, core responsibilities typically involve balancing sales and operational tasks, with a focus on customer service, product knowledge, and achieving business objectives.
Salary Details
The Executives (Sales and Operations) at IDBI Bank will receive a fixed monthly remuneration of Rs. 29,000 during the first year, which increases to Rs. 31,000 in the second year. This position is entirely contractual, meaning that appointees will not be eligible for allowances like Dearness Allowance (DA), House Rent Allowance (HRA), or other benefits such as gratuity, provident fund, or superannuation. Additionally, the contractual period will not count toward seniority, superannuation, terminal benefits, or continuous employment in the event the individual is considered for a full-time position at a later stage.
| Post Name | Salary |
|---|---|
| Executive (Sales and Operations) | Rs.29,000/- per month in the first year |
| Rs.31,000/- per month in the second year |
Educational Qualifications
To be eligible for this recruitment, candidates must have completed a degree or graduation from a recognized university. It is important to note that merely having a diploma will not fulfill the eligibility requirements for this position. Only those who have obtained a degree from a recognized institution are considered qualified to apply.
| Post Name | Educational Qualifications |
|---|---|
| Executive (ESO) | Any Degree |
| Candidates should have basic computer and IT skills. |
Age Requirement
The age requirements for this recruitment are as follows: candidates must be at least 20 years old and not older than 25 years, as of October 1, 2024. Specifically, applicants should have been born between October 2, 1999, and October 1, 2004, with both of these dates being inclusive. This age range ensures that all applicants meet the necessary age criteria to be considered for the position.
| Age Limit (as on 01-10-2024) |
Min | Max |
|---|---|---|
| 20 Years | 25 Years |
Application Fee
The online payment of fees for this recruitment can be made between November 7, 2024, and November 16, 2024, inclusive of both dates. Payments must be made through the online mode only. The fee structure is as follows: SC/ST/PwBD candidates are required to pay Rs. 250, which covers only the Intimation Charges, while all other candidates need to pay Rs. 1050, which includes both the Application Fees and Intimation Charges.
| Category | Application Fee |
|---|---|
| SC/ST/PwBD Candidates | ₹250/- |
| All Other Candidates | ₹1050/- |
Selection Process
The selection process for this recruitment will consist of several stages, including an Online Test (OT), Document Verification (DV), Personal Interview (PI), and a Pre-Recruitment Medical Test (PRMT). All these stages are essential for evaluating the candidates’ eligibility and suitability for the position.
Online Test (OT):
The online examination for this recruitment will be conducted in both English and Hindi, meaning the question paper will be available in both languages. The minimum qualifying marks will be determined by the bank, based on the number of vacancies. Each candidate must secure a minimum score in each section of the online test and achieve an overall minimum score to be eligible for shortlisting for the interview. The bank will set the cut-off scores depending on the number of available vacancies. Additionally, there will be a penalty for wrong answers, with one-fourth (0.25) of the marks assigned to each question being deducted for incorrect responses, in order to calculate the final score.
The structure of the online examination will be as follows:
Personal Interview (PI):
Candidates who qualify in the online test and are shortlisted will move on to the next stage of the selection process, which is the personal interview (PI). The cut-offs for shortlisting candidates for the PI will be determined based on the number of vacancies available. It is important to note that the scores obtained in the online test will not be shared with any candidate, including those shortlisted for the PI, until the completion of the entire selection process and the final Merit/Select List is drawn. The personal interview will be worth 100 marks, and candidates must secure a minimum qualifying score in the interview. The minimum qualifying marks for the interview will be 50% (45% for SC/ST/OBC/PWD candidates).
Conclusion:
Eligible and interested candidates can apply for the 1 or 2-year contract-based Executive Sales and Operations (ESO) positions at IDBI Bank from November 7, 2024, to November 16, 2024. To apply, candidates need to visit the bank’s official website at www.idbibank.in, click on the “CAREERS/CURRENT OPENINGS” section, and select “Recruitment of Executives – Sales and Operations (ESO).” After that, click on the “APPLY ONLINE” option, which will open a new page where candidates can fill in all the required details and submit the application.
Before applying, candidates should ensure they have a valid personal email ID and mobile number, which should remain active throughout the recruitment process. The bank may send call letters for the examination and other important information to the registered email ID or mobile number. So, don’t wait—apply for this opportunity now and all the best!
