Indian Bank Recruitment 2024: Applications for local bank officer posts in the Junior Management Grade (JMG) tier are being accepted by Indian Bank at this time. The goal of the hiring campaign is to fill 300 positions across five states. August 31 is when the application period opened and ends on September 2. The positions are temporary in nature and could alter in response to the bank’s actual demands. The only state in which candidates may apply for openings is that state. If chosen, they will serve out their first 12 years of employment there or until they are promoted to the SMGS-IV Grade, whichever comes first. It is required to speak, write, and read the local language of the selected state. As part of the selection process, a test of local language competency will be administered; inability to pass will result in disqualification.
State-wise Vacancy Distribution
- Tamil Nadu / Puducherry: 160
- Karnataka: 35
- Andhra Pradesh & Telangana: 50
- Maharashtra: 40
- Gujarat: 15
State-wise Language Proficiency Requirements
- Tamil
- Kannada
- Telugu
- Marathi
- Gujarati
Age Criteria
- Minimum: 20 years
- Maximum: 30 years
Educational Qualification
A Bachelor’s degree in any discipline from a university recognised by the Government of India or an equivalent qualification recognised by the Central Government.
Pay Scale and Benefits
Scale 1 pay structure: Rs 48,480, Rs 2000/7, Rs 62,480, Rs 2,340/2, Rs 67,160, Rs 2680/7, Rs 85,920.
Additional benefits include DA, CCA, HRA, leased accommodation, leave fare concession, medical aid, hospitalisation benefits, retirement benefits, and other perquisites as per bank and industry rules.
Experience-Based Increment
Candidates with prior experience as an Officer in Scheduled Commercial Banks may receive up to two increments in pay, depending on the alignment of their previous job profile with the Scale-I Generalist Officer role at Indian Bank. However, candidates from subsidiaries of Scheduled Commercial Banks are not eligible for this increment. Previous experience will not count towards service seniority.
Selection Process
- The selection process involves shortlisting of applications followed by an interview, or a written/online test followed by an interview.
- The exam will last three hours, consisting of 155 questions worth 200 marks.
- A penalty of 1/4th of the mark will be applied for wrong answers, but no penalty for unanswered questions.
- The number of candidates called for interviews will be based on their performance in the written test, with a ratio of three times the vacancy for unreserved categories and five times the vacancy for reserved categories.
Exam Structure
- Reasoning & Computer Aptitude: 45 questions, 60 marks, 60 minutes
- General/Economy/Banking Awareness: 40 questions, 40 marks, 35 minutes
- English Language: 35 questions, 40 marks, 40 minutes
- Data Analysis & Interpretation: 35 questions, 60 marks, 45 minutes
Application Fees
- Rs 175 (inclusive of GST) for SC/ST/PWBD candidates (intimation charges only)
- Rs 1,000 (inclusive of GST) for all other candidates
Probation and Confirmation
Selected candidates will undergo a probation period of two years from the date of joining.
Exam Centres and Interview Locations
If necessary, the exam will be given in a number of locations around India. The bank will determine whether to conduct interviews in person or online, and they will take place in Chennai or other locations. The bank retains the authority to place applicants in centers other than the one they have selected. Candidates must assume all risks and costs associated with the test/interview; requests for adjustments to the location will not be granted. The list of test and interview locations is also subject to change or cancellation by the bank.
