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Indian Overseas Bank Probationary Officers in Junior Management Grade Scale-I


Indian Overseas Bank Recruitment 2013  
IOB  has issued the notification for the  fulfillment of vacancy post of  Probationary Officers in Junior Management Grade Scale-I . Interested candidates have to go through the detail advertisement below and apply via online mode  on or before 29.07.2013. For more details on IOB PO Recruitment 2013  jobs read the details mentioned below.

About  Indian Overseas Bank:

Indian Overseas Bank (IOB) was founded on February 10th 1937, by Shri.M.Ct.M. Chidambaram Chettyar, a pioneer in many fields - Banking, Insurance and Industry with the twin objectives of specialising in foreign exchange business and overseas banking.

The Constitution of the Board of the Bank is governed by "The Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1970, formulated by the Central Government, after consultation with the Reserve Bank of India, in exercise of the powers conferred by section 9 of "The Banking Companies (Acquisition and Transfer of Undertakings) Ac, t 1970".

The Composition of the Board of Directors of a Bank is governed by "The Nationalised Banks (Management and Miscellaneous Provisions)Scheme 1970" read with "The Banking Companies (Acquisition and Transfer of Undertakings) and Financial Institutions Laws (Amendment) Act 2006" and amendment to thevide Extraordinary Gazette Notification dated 19.02.2007 of the Central Government.

Job Description:

Name of the post : Probationary OfficersJMG Scale – I

Educational Qualification: 

i) Graduation from a recognised University/ Institution with minimum 60% Marks. (For Candidates belonging to SC/ST/PC category minimum 55% Marks). Graduation results should be declared by the University/ Institution on or before 01.09.2013. The candidates should produce the Semester/Year wise Mark Sheets, Consolidated Degree Mark Sheet and Provisional Certificate at the time of Interview, failing which the candidates will not be allowed to attend the Interview.

Note: Candidates are advised to only enter percentage of marks (calculated to the nearest two decimals) obtained in the Graduation in the online application form. Where no percentage of mark is awarded by the University, but only CGPA/ OGPA is awarded, candidates are advised to convert the same into percentage and enter only the percentage of marks.The fraction of percentage will be ignored and will NOT be rounded off to the next highest integer i.e. 59.99% will be treated as less than 60% and 54.99% will be treated as less than 55%.

Vacancy : Total :480   (SC -72, ST-36,OBC-129,GEN-243 )

Age as on 01.09.2013: Minimum Age: 20 Years; Maximum Age: 28 Years.

Examination Centres:

(i) The examination will be conducted online in venues across many centres in India. 
Interview Centres: The interview will be held at major centres across the country and address of the same will be advised in the interview call letters. The Interviews will be held at different centres on different dates as decided by the Bank and will be  communicated to the candidates shortlisted for Interview.

Salary During the Training: 

During the Training Period (9 Months) Rs,2500/- per month During the Internship Period (3 Months)Rs.10000/- per month After Joining The Bank’s Services As Probationary Officers On Successful Completion Of Training: Pay Scale :Rs.14500 - 25700

Probation Period: The selected candidates will be on probation for a period of two years (24 months of active service) from the date of joining the services of the Bank as per the rules of the Bank.

Application Fee : 

The Payment of fees should be made between 10.07.2013 and 29.07.2013 (inclusive of both dates)
  1. FOR SC/ST/ PC Rs.50
  2. For all others (Including OBC) Rs.500

Bond Amount: 

Candidates selected for appointment will be required to execute a Financial Service Bond for rendering service for a minimum period of 5 years. The amount of the Financial Service Bond presently is ` 2,00,000/- along with liquidation of the loan amount at commercial rate of interest (if any) and the stipend received during the training period.

How To Apply:

Interested and eligible candidates are requested to apply online by clicking on the below given link
Apply Online : http://www.iob.in/Careers.aspx

Important Dates :

Official Notification :http://www.iob.in/uploads/CEDocuments/Final%20Manipal%20PO%20Web%20Ad%20English.pdf