Indian Overseas Bank (IOB) Apprenticeship Programme 2025 - Stipend - Eligibility - Selection Process

The Indian Overseas Bank (IOB), one of the leading public sector banks has released notification for engagement of candidates in its one year apprenticeship (on-the-job training) programme. Here in this blog, I have explained all the details related to this apprenticeship notification.

• Organisation: Indian Overseas Bank (IOB)
• Type: Public Sector Bank
• Headquarter: Mumbai
• Branch: All over India
• Programme: Apprenticeship Programme
• Post: Apprentice
• Engagement: One (1) year
• Vacancy: 750+
• Eligible: Both Male and Female
• Last Date: 09/03/2025

IMPORTANT DATES:
Application Begin: 01/03/2025
Last Date to Apply Online: 09/03/2025
Last Date to complete form: 12/03/2025
Cutoff date for Age Limit & Eligibility: 01/03/2025
Exam Date: 16/03/2025

APPLICATION FEES:
UR/EWS/OBC: ₹800 + 18% GST = ₹944
SC/ST: ₹600 + 18% GST = ₹708
PH (Divyang): ₹400 + 18% GST = ₹472

VACANCY:
A total of 750 vacancies for Union Bank Apprentice have been notified, which is distributed as follows:
A. Category-wise:
UR: 368, EWS: 66, OBC: 171, SC: 111, ST: 34

B. State/UT-wise:
1. Delhi: 50
2. Uttarakhand: 15
3. Uttar Pradesh: 80
4. Bihar: 25
5. Chandigarh: 04
6. Chattisgarh: 16
7. Andaman and Nicobar: 01
8. Andhra Pradesh: 25
9. Arunachal Pradesh: 01
10. Assam: 04
11. Daman and Diu: 01
12. Gujarat: 25
13. Goa: 05
14. Himachal Pradesh: 01
15. Haryana: 15
16. Jammu and Kashmir: 01
17. Jharkhand: 07
18. Karnataka: 30
19. Kerala: 40
20. Manipur: 01
21. Meghalaya: 01
22. Maharashtra: 60
23. Mizoram: 01
24. Madhya Pradesh: 10
25. Nagaland: 01
26. Orissa: 24
27. Punjab: 21
28. Pondicherry: 22
29. Rajasthan: 25
30. Sikkim: 01
31. Telangana: 31
32. Tamil Nadu: 175
33. Tripura: 01
34. West Bengal: 30

WHAT IS APPRENTICESHIP?
Apprenticeships are a work-based learning model where learners have supervised on-the-job training, along with job-related education, all while earning a wage.
Training consists of basic training (theoretical instructions) and practical on-the-job training at the actual work place. The person undergoing an apprenticeship is called an Apprentice.

After the end of apprenticeship, you will get an NSDC issued apprenticeship certificate, which can be used as evidence for one year experience in the banking and financial service sector. This will help you in getting good job opportunities in the private sector.

EDUCATIONAL QUALIFICATION (as on 01/03/2025):
Graduate in any stream from a UGC recognised university in India.

AGE LIMIT (as on 01/03/2025):
• Minimum: 20 years
• Maximum: 28 years
• Age relaxation in the upper age limit will be given to:
1. OBC: 3 years
2. SC/ST: 5 years
3. Physically Handicapped: 10 years

WILL THIS APPRENTICESHIP GIVE ME A PERMANENT JOB IN INDIAN OVERSEAS BANK (IOB)?
No this will not give you a permanent job in Indian Overseas Bank (IOB). But since you have one year experience, you can get many good opportunities in the private sector banks and other financial institutions.

WILL I GET PAID IN THIS APPRENTICESHIP?
Yes, you will get paid!
You will receive a monthly stipend of ₹10,000 to ₹15,000, which also includes a subsidy of ₹4,500 paid by the Government of India. The stipend received from the bank varies from area to area, as follows:
(i) Metro Cities: ₹10,500 + ₹4,500 = ₹15,000
(ii) Urban: ₹7,500 + ₹4,500 = ₹12,000
(iii) Semi-Urban/Rural: ₹5,500 + ₹4,500 = ₹10,000
However, it's important to note that apprentices do not receive any other allowances or benefits.

SELECTION PROCESS:
It consists of a computer based examination, followed by a test of the local language. On the basis of your performance in this test, and qualifying local language tests of your regional preference, you will be selected for this Apprenticeship.

COMPUTER BASED EXAMINATION:
This exam will be of MCQ type, and its structure will be:
(i) General/Financial Awareness: 25 questions - 25 marks
(ii) General English: 25 questions - 25 marks
(iii) Quantitative and Reasoning Aptitude: 25 questions - 25 marks
(iv) Computer Knowledge: 25 questions - 25 marks

• TOTAL: 100 questions - 100 marks
• TIME DURATION: 1 hour (60 minutes)
• NEGATIVE MARKING: -0.25 marks (1/4th)

NOTE:
(i) All applicants will have to give the online examination on the given date and time using the own camera enabled desktop / laptop or tablet or smartphone (from your own home).
(ii) Date, Time and Exam Instructions will be communicated by BFSI on your registered Email.
(iii) All applicants have to display (for capturing image) the same ID Proof which they have uploaded on the apprenticeship portal.

LOCAL LANGUAGE TEST:
• After getting selected, your knowledge of local knowledge (of the region you selected in your form) will be tested.
• Qualifying this is very important for the appointment.
• If you have studied the local language in the 10th or 12th stage, and passed the subject, you can skip this test.

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 Indian Overseas Bank (IOB) Apprenticeship Programme 2025 Notification. To get more such interesting updates on all government jobs, keep visiting my blog.