IDBI Bank Junior Assistant Manager (JAM) Grade ‘O’ Recruitment Through PGDBF Programme 2025-26
• Advt. No.: 12/2024-25
• Post: Junior Assistant Manager (JAM)
• Class: Grade ‘O’
• Organisation: Industrial Development Bank of India (IDBI)
• Type: Private Sector Bank
• Headquarters: Mumbai, Maharashtra
• Established: 1964
• Vacancies: 650+ vacancies
• Type: Permanent Job
• Eligible: Both Male and Female
• Last Date: 12/03/2025
Is IDBI a Government or Private Bank?
After Life Insurance Corporation (LIC) of India acquired 51% of the total paid-up equity share capital of the bank, it has been categorized as a ‘Private Sector Bank’ for regulatory purposes by Reserve Bank Of India (RBI) with effect from January 21, 2019.
However, Direct and Indirect (through LIC & PSUs) shareholding of Government of India (GoI) in IDBI Bank is over 97%. But for categorisation purposes, it's a Private Bank, and so its employees are also private.
What is a PGDF Programme?
Post Graduate Diploma in Banking and Finance (PGDBF) is a one year duration course in which you'll be taught about the basic finance, functioning of the banks, cash flow management, etc. Along with the classroom sessions, you will also recieve the on-the-job trainings as trainees in the branches of IDBI Bank.
The classroom sessions will be held at the U-next Manipal Global Education Services (UMGES), Bengaluru and Nitte Education International Pvt. Ltd (NEIPL) Greater Noida.
This One Year duration of PGDBF course will be divided into:
(i) 6 months Classroom sessions.
(ii) 2 months Internship.
(iii) 4 months of On Job Training (OJT) at IDBI Bank's branches/offices.
PROGRAMME FEES:
Students have to bear the cost of training at their own expense. The total fees of this programme is approximately ₹3,00,000. Selected candidates can finance the course fees by availing Education Loan, which will be granted by IDBI Bank as per its existing education loan scheme.
IMPORTANT DATES:
Advertisement Date: 01/03/2025
Application Begin: 01/03/2025
Last Date to Apply Online: 12/03/2025
Cutoff date for Age Limit & Eligibility: 01/03/2025
Exam Date: 06/04/2025
APPLICATION FEES:
Gen/OBC/EWS: ₹1050
SC/ST/PH: ₹250
VACANCY:
A total of 650 vacancies of Junior Assistant Manager (JAM) has been advertised, which are distributed as follows:
(i) General/UR: 260
(ii) EWS: 65
(iii) OBC: 171
(iv) SC: 100
(v) ST: 54
EDUCATIONAL QUALIFICATION (as on 01/03/2025):
Bachelor Degree in any discipline from a UGC recognised university, with minimum 60% marks (55% for SC/ST/PwBD candidates).
AGE LIMIT (as on 01/03/2025):
• Minimum: 20 years
• Maximum: 25 years
• Age relaxation in the upper age limit will be given to:
(i) SC/ST: 5 years
(ii) OBC: 3 years
(iii) Persons with Benchmark Disabilities (PWBD): 10 years
(iv) Ex-servicemen: 5 years
(v) Victims of 1984 riots: 5 years
STIPEND & SALARY:
• During Classroom Training (6 months): ₹5,000/month
• During Internship (2 months): ₹15,000/month
• After completion of Internship (8 months of course), candidates are absorbed as Junior Assistant Manager (JAM) in the bank, but for first four months, they work as a trainee in On the Job Training (OJT).
• Salary of JAM (in CTC): ₹6.14 lakhs to ₹6.5 lakhs per annum.
• Annual increment will be given on the basis of performance or other criteria set by the bank.
• The appointee would be covered under the IDBI Bank Ltd. New Pension Scheme (IBLNPS) rules, 2011, as amended/modified from time to time.
CAREER PROSPECTS/PROMOTION:
After completing 3 years service in Junior Assistant Manager (JAM) Grade 'O', you'll be eligible for promotion to Assistant Manager (AM) Grade 'A'. And then again after 3 years in Assistant Manager (AM) Grade 'A', you'll be eligible for promotion to Manager Grade 'B'. And like this, you'll be eligible for further promotions after 3 years service in the grades. But promotion will also be dependent on the number of vacancies, and clearing the tests/interviews.
SERVICE BOND:
At the time of joining the course, candidates have to sign a service bond of two lakh rupees to serve the IDBI Bank for at least 3 years after the PGDBF training course.
• BOND AMOUNT: ₹2,00,000 plus taxes.
• BOND PERIOD: 3 years (after training).
SELECTION PROCESS:
The selection process shall comprise of:
A. Online Test (OT)
B. Document Verification (DV)
C. Personal Interview (PI)
D. Pre Recruitment Medical Test (PRMT).
A. Online Test (OT):
Online Test will contain questions from:
(i) Logical Reasoning, Data Analysis & Interpretation: 60 questions - 60 marks - 40 minutes
(ii) English Language: 40 questions - 40 marks - 20 minutes
(iii) Quantitative Aptitude: 40 questions - 40 marks - 35 minutes
(iv) General/Economy/Banking Awareness/Computer/IT: 60 questions - 60 marks - 25 minutes
• Total: 200 questions
• Total Marks: 200 marks
• Total Time: 120 minutes
• Negative Marking: One-fourth (-0.25 marks)
B. Document Verification (DV):
Candidates who qualified Online Test, will be called for Personal Interview, and before giving Interview, their Documents will be verified.
C. Personal Interview (PI):
• After satisfactory verification of documents, candidates will be allowed to give the Interview.
• Interview will be of 100 marks.
• Total Marks for Final Merit (for selection): 3/4 of OT score + 1/4 of PI score
D. Pre Recruitment Medical Test (PRMT):
The final offer of employment would be issued to candidates who found to be medically fit as per Bank’s Medical Fitness Standards and/or by the Bank’s Medical Officer at Corporate Center, Mumbai.
TO KNOW MORE DETAILS, READ FULL NOTIFICATION: Download Notification
TO APPLY FOR THIS VACANCY, VISIT: Application Link
GO TO RECRUITMENT WEBSITE: Official Website
That's all about the IDBI Bank Junior Assistant Manager (JAM) Grade ‘O’ Recruitment Through PGDBF Programme 2025-26. For more such informative updates, keep visiting my blog.
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