Tuesday, February 8, 2011

Indian Overseas Bank Probationary Officers Recruitment PO Notification

Indian Overseas Bank (IOB)
Central Office
763 , Anna Salai
Chennai 600002

RECRUITMENT OF 1000 PROBATIONARY OFFICERS (PO)
Indian Overseas Bank (IOB), a leading Public Sector Bank with headquarters in Chennai having geographical presence all over India and abroad invites applications from Indian Citizens for the post of Probationary Officer in Junior Management Grade Scale - I.

Candidates are requested to apply only through online between 08.02.2011 and 01.03.2011 through our Bank’s website www.iob.in. No other means/mode of application will be accepted.

Before applying candidates are advised to ensure that they fulfill the stipulated eligibility criteria. They should note that Application Fee and /or Postage Amount once deposited will neither be refunded nor be adjusted against any other recruitment process. Candidates are advised to fill their particulars online themselves correctly.

IMPORTANT DATES:
Opening date for online registration 08.02.2011
Closing date for online registration 01.03.2011
Payment of Application Fee/ Postage 08.02.2011 to 01.03.2011
Tentative Date of Written Examination 22.05.2011 (Sunday)

1) PROBATIONARY OFFICERS

Total Number of vacancies: 1000

Eligibility Criteria

NATIOINALITY/CITIZENSHIP

A candidate must be either i) a Citizen of India or ii) a subject of Nepal or iii) subject of Bhutan or iv) a Tibetan refugee who came over to India before 1st January, 1962 with the intention of permanently settling in India or v) a person of Indian origin who has migrated from Pakistan, Burma, Sri Lanka, East African countries of Kenya, Uganda, the United Republic of Tanzania (formerly Tanganyika and Zanzibar), Zambia, Malawi, Zaire, Ethiopia and Vietnam with the intention of permanently settling in India, provided that a candidate belonging to categories (ii), (iii), (iv) & (v) above shall be a person in whose favour a certificate of eligibility has been issued by the Government of India. A candidate in whose case a certificate of eligibility is necessary may be admitted to the examination &/ or interview conducted by the Page 2 of 6

Bank but on final selection the offer of appointment may be given only after the Government of India has issued the necessary eligibility certificate.

A. Educational Qualifications: (As on 01.01.2011):
1. Graduation from a recognised university with minimum 60% Marks.(For Candidates belonging to SC/ST/PC category minimum 55% Marks)

2. Computer literacy shall be an essential qualification, which the candidate must either possess before or acquire within six months of joining the Bank.

3. Diploma in Banking & Finance (DBF) from Indian Institute of Banking and Finance (IIBF) is a desirable qualification besides the above entry level qualification.

Note:
Candidates are advised to only enter percentage of marks 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.

B. AGE: (As on 01.01.2011): Minimum: 21 Years and Maximum: 30 Years
The candidates who have completed the age of 21 years as on 01.01.2011 and not completed 30 years as on 01.01.2011 are eligible to apply. Relaxation in maximum age for SC/ST/OBC/PC/Ex Servicemen will be as per Government's Guidelines.

How to apply

Eligible candidates are required to apply 'ONLINE' only through our website www.iob.in and no other means/ mode of application will be acceptable. Candidates are advised to follow the following sequence of steps while applying online.

• Candidates are required to have a valid e-mail ID. It should be kept active for the duration of this recruitment process. Under no circumstances, he/she should share/mention e-mail ID to / of any other person.

• In case a candidate does not have a valid personal e-mail ID, he/she should create his/her e-mail ID before applying on-line.

1. Log on to our Bank’s webiste www.iob.in and click “Career” column (available at the top of the bank’s website), then
the Career page will open.

2. Go through the detailed advertisement by clicking the Advertisement (English) or Advertisement (Hindi) available
in the Career Page and ensure candidate’s eligibility to apply for the said post.

3. Take print out of Payment Receipt by clicking Download Payment Receipt available in the Career Page.

4. Remit the application fee/postages as applicable to the candidate with the filled up Payment Receipt in any of Indian Overseas Bank branches by means of cash only and collect candidate’s copy of Payment Receipt for the application fee paid. Please ensure that the following information has been correctly entered (1) Branch Name & Code Number (2) Transaction ID (3) Date of deposit and amount

5. Again logon to our Bank’s website www.iob.in and open the Career Page. Click apply online. Then online application will open. Fill up all the details required in the application and click “Submit” button available at the bottom of the online application and online application will be registered. A Registration Number and Password will appear for your online registration immediately on the screen. This can be used only for taking printout of the online application registered by the candidates for their records and candidates should not send the printout of the online application to the Bank.

6. There is a provision to modify the submitted On Line Application. Candidates are requested to make use of this facility to correct their details in the On Line Application, if any. This modification facility will be available upto 03.03.2011. After this date no modification will be permitted. Candidate should take utmost care while filling the On Line Application.

For the purpose of locating the Branch address for remitting fees, candidate may log on to our Bank website www.iob.in wherein provision is available for locating address of the Branches.

Candidates should submit the candidate’s copy of Payment Receipt along with the call letter at the time of written examination failing which the candidate will not be admitted for the written examination.

The payment of fees should be made between 08.02.2011 and 01.03.2011 (inclusive of both dates) and the last date for applying online is 01.03.2011. Application for online registration will be available in our Bank’s website between 08.02.2011 and 01.03.2011 only. Even if the last date for online application is revised the dates for payment of application fees/ postage will remain unchanged

Applications once made will not be allowed to be withdrawn and application fee/ postages once paid shall not be refunded or shall not be held in reserve for any other examination.

Application fee (including postage charge) non refundable

(a) For SC/ST/ Physically Challenged - Rs 50/ (For Postage)
(b) For all others (including OBC) - Rs.400/- (350+50 For Postage)

Application Fee has to be paid in cash only at any Branch of Indian Overseas Bank before applying online.

Emoluments for the post of Probationary Officers – JMG Scale - I :

Pay Scale - Rs.14500 – 600/7-18700-700/2-20100-800/7-25700 plus DA, HRA, CCA as per rules in force from time to time.

Selection Process:

Written Examination
The Written Examination will comprise of Objective Test and Descriptive Test details of which is furnished hereunder:
a) Objective Test
Objective Test consisting of Test of Reasoning , Test of English Language, Test of Quantitative Aptitude, Test of General Awareness with special reference to Banking Industry, Test of Computer Knowledge (250 Questions carrying total weightage of 225 with total time duration of 150 minutes).

1 Test of Reasoning : Number of Questions: 50
2 Test of English Language : Number of Questions: 50
3 Test of Quantitative Aptitude : Number of Questions: 50
4 Test of General Awareness with special
reference to Banking Industry
: Number of Questions: 50
5 Test of Computer Knowledge : Number of Questions: 50
Total 250

There will be penalty for wrong answers marked in the objective tests which will result in negative marks for every wrong answer @ one-fourth or 0.25 of the marks assigned to that question. If the total of the penalty for a test is in fraction, the marks obtained will be rounded off to the nearest integer.

b) Descriptive Test
Descriptive paper on English Composition will comprise 3 compulsory questions (Essay, précis writing, letter writing etc,). The Descriptive Test carries total marks of 50 and weightage for the same will be 25. Time duration -One hour.

Note:
The question paper for above test both Objective and Descriptive except the Test of English Language and Descriptive
Paper will be printed bilingual i.e. English and Hindi.

Bank will decide the minimum cut-off marks for each test as well as Total Weightage Marks .Depending on the number of number of vacancies, such of those candidates who rank sufficiently high in the order of merit in the written test as per the cut off marks decided by the Bank will only be called for the interview.

Written Examination Centers
The written examination will be held at the following centres and the address of the venue will be advised in the call letters:

Centre Code: 11 Ahmedabad 
Centre Code:23 Kolkata
Centre Code:12 Bangalore 
Centre Code:24 Lucknow
Centre Code:13 Bhopal 
Centre Code:25 Ludhiana
Centre Code:14 Bhubaneshwar 
Centre Code:26 Madurai
Centre Code:15 Chandigarh 
Centre Code:27 Meerut
Centre Code:16 Chennai 
Centre Code:28 Mumbai
Centre Code:17 Coimbatore 
Centre Code:29 Patna
Centre Code:18 Delhi 
Centre Code:30 Puducherry
Centre Code:19 Ernakulam 
Centre Code:31 Ranchi
Centre Code:20 Guwahati 
Centre Code:32 Trichy
Centre Code:21 Hyderabad 
Centre Code:33 Vijayawada
Centre Code:22 Jaipur

The Bank reserves the right to alter written examination date and / or alter /add written examination centre under
unforeseen circumstances, if any.

Mere eligibility/ pass in the Written Examination shall not vest any right in a candidate for being called for Personal Interview. Depending upon number of vacancies, only of those candidates who rank sufficiently high in the order of merit in the written examination as per the cut off marks decided by the Bank will only be called for the interview

Interview: The Interview will carry 50 Marks. Minimum qualifying marks in the interview will be 22.50 marks for General Category and 20.00 marks for SC/ST/OBC/Physically Challenged Candidates.

Final selection will be made on the basis of aggregate marks obtained by the candidates in the written examination & Interview and will be strictly according to the merit ranking.

Note: Candidates have to submit original candidate’s copy of payment receipt along with Examination Call Letter while attending the written examination without which they will not be allowed to take up the examination.
Note: The Version of the detailed advertisement given in the Bank’s website shall be treated as final and shall supercede any other versions for all purposes. Accordingly, the candidates are advised to visit Bank’s website www.iob.in for detailed advertisement.

Decision of the Bank in respect of all matters pertaining to this recruitment would be final and binding on all candidates.
GENERAL MANAGER

For complete details visit:
http://www.iob.in/uploads/advt-english.pdf




About Indian Overseas Bank (IOB) 
Indian Overseas Bank (IOB; established 1937) is a major bank based in Chennai (Madras), with 2018 domestic branches and six branches overseas. Indian Overseas Bank has an ISO certified inhouse Information Technology department, which has developed the software that 2018 branches use to provide online banking to customers; the bank has achieved 100% networking status as well as 100% CBS status of branches with a total number of 2018 CBS branchs and Extension Counters. IOB also has a network of about 771 ATMs all over India and IOB's International VISA Debit Card is accepted at all ATMs belonging to the Cash Tree and NFS networks. IOB offers internet Banking (E-See Banking) and is one of the banks that the Govt. of India has approved for online payment of taxes.The bank's business more than doubled in the last four years. According to "A profile of banks (2009-10)" published by RBI, the bank's deposits increased from Rs.50529 crore as on 31.03.06 to Rs.110795 crore as on 31.03.10 and advances from Rs.34756 crore to Rs.79004 crore.

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