Name of the Post: IDBI Jr Asst Manager & Executive Apply Online 2023
Post Date: 22-11-2023
Total Vacancy: 2100
Brief Information: Industrial Development Bank of India (IDBI) has Announced notification for the recruitment of Junior Assistant Manager & Executive vacancy. Those Candidates who are interested in the vacancy details & completed all eligibility criteria can read the Notification & Apply Online.
Industrial Development Bank of India (IDBI)
Jr Asst Manager & Executive Vacancy 2023
Advt No: 10/2023-24
Application Fee
- For Others: Rs.1000/-
- For SC/ST/PWD candidates: Rs.200/-
Payment mode: Through Online Mode
Important Dates
- Starting Date for Apply Online & Payment of Fee: 22-11-2023
- Last Date for Apply Online & Payment of Fee: 06-12-2023
- Date of Tentative Exam Date JAM & Executive: 30 to 31-12-2023
Age Limit (as on 01-11-2023)
- Minimum Age Limit for Executive: 20 Years
- Minimum Age Limit for Asst Manager: 25 Years
The candidate must have been born not earlier than November 2, 1998 and not later than November 1, 2003 (both dates inclusive)Age relaxation is admissible as per rules.
Qualification : Candidates should possess Any Degree
| Vacancy Details | |
| Post Name | Total |
| Jr Assistant Manager | 800 |
| Executive | 1300 |
| Interested Candidates Can Read the Full Notification Before Apply Online | |
| Important Links | |
| Apply Online | Click Here |
| Notification | Click Here |
| Official Website | Click Here |
IDBI Junior Assistant Manager Salary 2023 Details
The IDBI Junior Assistant Manager Salary 2023 is a meticulously structured progression, reflecting various stages of compensation that align with a candidate’s training and performance. It’s crucial to comprehend the nuances of this journey, considering factors such as stipends, allowances, and post-training compensation.
Stipend Breakdown:
- Training Period (6 Months): Candidates receive a stipend of Rs. 5,000 per month during the initial training phase.
- Internship Period (2 Months): After training, a 2-month internship follows with a stipend of Rs. 15,000 per month.
Post-Training Compensation:
Upon successfully completing the 8-month training program, which encompasses both Training and Internship, and the Post Graduate Diploma in Banking and Finance (PGDBF) course, candidates transition into the bank’s service as On-Job Trainees (OJT). This initial phase lasts for 4 months, during which the bank determines their postings based on operational needs.
Junior Assistant Manager CTC:
Upon completing the PGDBF course, candidates officially join as Junior Assistant Managers (Grade ‘O’). The expected Competitive Total Compensation (CTC) at the time of joining ranges between Rs. 6.14 lakh to Rs. 6.50 lakh for those placed in Class A cities.
Allowances and Benefits:
According to the IDBI Junior Assistant Manager 2023 Notification, Grade “O” officers are entitled to specific allowances, enhancing their overall compensation package. These include Travel Allowance, Halting Allowance, Local Conveyance Allowance, Subsidized Lunch Facility, and Visiting Officer Facility.
Important Considerations:
It’s imperative to note that Grade “O” officers won’t receive certain allowances, performance-based variable pay, staff loans, perks, benefits, or other facilities typically available to full-time bank employees.
