IDBI Banks Assistant Manager 2016 Notification FAQs

Dear Readers,

IDBI Banks yesterday released it's notification for recruitment for admissions in Manipal School of Banking, Bengaluru for 1 year Post Graduate Diploma in Banking and Finance (PGDBF) comprising of 9 months of classroom studies at MGES Bengaluru and 3 months internship at IDBI Bank’s branches.
IDBI's recruitment of Assistant Manager Grade ‘A’ will be conducted tentatively on 3rd February 2017. Selection for the post will be through a country-wide competitive Examination in two phases i.e. Online written examination followed by Interview. 
 What are the posts available under this recruitment project for freshers?
The post which will be available in this recruitment project is Assistant Manager Grade ‘A’.
☛  When will be the exam conducted?
IDBI's recruitment of Assistant Manager Grade ‘A’ will be conducted tentatively on 3rd February 2017. 

☛ How many vacancies are there?
The number of vacancies are 1000 for IDBI Banks Assistant Manager Grade ‘A’ post. Click on the image below to view the complete break up of vacancies.

☛ Will the exam be conducted online or offline (OMR Based)?
Common Written Exam for IDBI Banks Assistant Manager will be conducted in online mode.
☛ What is the Structure of Examination?

The selection process for the post of Assistant Manager will comprise of an Online Test.

Sr. No.
Name of Tests (Objective)
No. of Questions
Maximum Marks
English Language

Composite time of 2 Hours
Quantitative Aptitude
Reasoning Ability
General Awareness (With Special
Reference to Banking)


☛ Will there be any interview after the written result?
Yes, there will be interview process for Assistant Manager. The applicants, who are successful in the On-line test, would be called for a personal interview.

NOTE: During interview candidates will have the option to answer the questions in Hindi or English.
☛ What is the age criteria to apply in this common written exam?
Age (as on October 01, 2016): Maximum 28 years.
☛ What is the educational qualification required for various posts in this recruitment process?

Educational Qualifications:
A Graduate from a recognized university with minimum 60% marks (55% for SC/ST/PWD)

☛ What is the application Fee?
Application Fees/ Intimation Charges [Payable from 25.11.2016 to 09.12.2016 (both dates
inclusive)] shall be as follows –
- 150/- for SC/ST/PWD candidates
- 700/- for all others.
☛ When will the registration start?
Registration will start from 25.11.2016 and will end on 09.12.2016
☛ Is the exam Bilingual?
The tests except the Test of English Language in Mains exam all others will be available bilingually, i.e. English and Hindi.
☛ What is the cut-off for being recruited?
There is no fixed cut-off. It depends on the performance of the candidates. Each candidate will be required to obtain a minimum score in each test of Online Mains Examination and also a minimum total score to be considered for further process.

☛ Is there a criterion for negative marking?
There is negative marking of ¼ marks for every wrong answer.

What is the Programme fees for this course?
Programme fees for this Course will be Rs 3,50,000/- (Rs. Three lakh fifty thousand only) plus service taxes, as applicable, to be paid by the students in instalments as per a fixed schedule during the 1 year programme ( inclusive of course fees, lodging, boarding and other fees, etc.). 
What will be the Career Prospects and Emoluments for this post?
Stipend (during the training): 
During the Training Period (9 Months) - Rs 2500/- per month
During the Internship Period (3 Months) - Rs 10000/- per month
After joining the Bank’s services as Assistant Manager Grade ‘A’ on successful completion of the course: The extant basic pay applicable to Assistant Managers in Grade A is Rs. 14,400/- per month in the pay scale of Rs 14400-1000(19)-33400-1250(6)-40900 (26 years).

Is there any Service Bond?
Yes, there is a service bond of 2 lakh for three years for this post.

For detailed notification, Click here

To apply, Click Here

All The Best BA'ins!!

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