Union Bank of India SO Recruitment 2019-20: FAQs

Dear Aspirants, 



Union Bank of India SO 2019: FAQs
Union Bank of India has released the notification of Recruitment project 2019-20 for specialist officers under various disciplines. Post Qualification Work Experience is mandatory in some posts.  All those who seek to make headway in their career with the banking sector can apply for the post and get a job in this sector. Here are the answers to frequently asked questions about Union Bank of India SO recruitment 2019.


 ☛ What are the posts available on this recruitment project?
The post which will be available in this recruitment project by Union Bank of India are as follows:
  1. Fire Officer (MMGS III) - 1
  2. Economist (MMGS III)  -6
  3. Security Officer (MMGS II) - 19
  4. Integrated Treasury Officer (JMGS I) - 15
  5. Credit Officer (JMGS I) - 122
  6. Forex Officer (JMGS I) - 18

☛ How many vacancies are there?
The number of vacancies are 181.

☛ Is there any provision for EWS?
Yes! Separate vacancies are mentioned for  EWS Quota. The applicants belonging to EWS Category should submit a copy of their Income & Asset Certificate issued by the Competent Authority in the format prescribed by the GOI, Dept. of Personnel and Training, Office Memo No.36039/1/2019- Estt (Res) dated 31.01.2019. The prescribed format of the Income & Asset Certificate is mentioned in the official notification.

☛ When will the registration start?
Registration will begin from 12th March 2019.

☛ What is the last date to apply for this post?
The last date to apply for this post is 29th March 2019.

☛ What is the age criteria, educational qualification and work experience (if applicable) required to apply for this exam?

Fire Officer (MMGS-III):

Age:
Minimum: 30 years
Maximum: 40 years
Educational Qualifications:
B.E (Fire Engineering) from a University/Institution/Board recognized by Govt. of India/approved by Govt. Regulatory bodies /Divisional Officers course in National Fire Service College, Nagpur.
Work Experience:
Minimum 10 years as Fire Officer in Banking Industry/Fire Services with Central/State Government.

Economist (MMGS-III):

Age: 
Minimum: 24 years 
Maximum: 35 years 
Educational Qualifications: 
Post Graduate degree in Economics from a University/Institution/Board recognized by Govt. of India/approved by Govt. Regulatory bodies. 
Note: Preference will be given to candidates having hands on experience in econometric packages/other data sourcing tools like Reuters, Cogenesis. Candidates should have excellent communication and writing skills. Post Qualification 
Work Experience:
Minimum 3 years as an Economist or Analyst with Financial Institutions/Banks/NBFCs/Rating Agencies/Analytics Firm/Reputed Brokerage Agencies.

Security Officer (MMGS-II):

Age:
Minimum: 26 years
Maximum: 40 years
Educational Qualifications:
A graduate in any discipline from a University/Institution/Board recognized by Govt. of India/approved by Govt. Regulatory bodies.
Work Experience:
Minimum 5 years experience as an officer in Indian Army not below the rank of Captain and its equivalent rank in Indian Navy, Indian Air Force with minimum 5 years of Commissioned services. Or an officer of equivalent rank and service in Police and Central Para Military forces / Central Police Organizations.

Integrated Treasury Officers (JMGS-I):

Age:
Minimum: 23 years
Maximum: 32 years
Educational Qualifications:
Graduate in any discipline and MBA / PGDM with specialization in Finance / Accounting/ International Business /Trade Finance from a University/Institution/Board recognized by Govt. of India/approved by Govt. Regulatory bodies.
OR
CA/ICWA/CFA/FRM from a University/Institution/Board recognized by Govt. of India /
approved by Govt. Regulatory bodies.
OR
MA (Economics) / MS (Economics) / MFC from a University/Institution/Board recognized
by Govt. of India/approved by Govt. Regulatory bodies.

Credit Officers (JMGS-I):

Age:
Minimum: 23 years
Maximum: 32 years
Educational Qualifications:
Graduate in any discipline and MBA / PGDBA / PGDBM/ PGPM/ PGDM with specialization in Finance from a University/Institution/Board recognized by Govt. of India/approved by Govt. Regulatory bodies.
OR
CA/ ICWA/ CFA/ FRM from a University/Institution/Board recognized by Govt. of
India/approved by Govt. Regulatory bodies.
Note:
Professional qualification like Financial Risk Management/Professional Risk Management will be preferred. Candidates having specialization in Econometrics will be preferred. Certificate in MS Access, SQL from Globally known organizations such as Microsoft, Cisco etc. or nationally known institute such as NIIT, CMSA, PTECH etc. or institutions recognized by the Government/Government regulatory bodies will be preferred.

Forex Officers (JMGS-I):

Age:
Minimum: 23 years
Maximum: 32 years
Educational Qualifications:
Graduate in any discipline from a University/Institution/Board recognized by Govt. of India/approved by Govt. Regulatory bodies.
AND
MBA / PGDBA / PGDBM/ PGPM/ PGDM with Specialization in Finance / International Business/Trade Finance from a University/Institution/Board recognized by Govt. of India/approved by Govt. Regulatory bodies. Certificate Course in Forex conducted by IIBF will be preferred.

☛ What is the Application Fee?
For SC/ST/PWD Rs. 100 (Intimation Charges)
For General, OBC Rs. 600 (Application fee)

☛ What is the selection procedure of Union Bank of India SO exam?
According to the official notification, the selection process may comprise of Online Examination/ Group Discussion (if conducted) and /or Personal Interview. 
Online Examination (200 marks)
Personal Interview (50 marks)

☛ Will the exam be conducted online or offline (OMR Based)?
The exam will be conducted online.

☛ What is the Structure of Online exam?


☛  Is there any Service Indemnity Bond?
The selected candidates will be required to execute a Service Indemnity Bond undertaking to serve the Bank for a period of 3 years or to pay the Bank a sum of Rs.250000.00 (Rs.Two Lac Fifty Thousand Only) plus taxes as applicable as per Government rules in case he / she leaves the Bank before completion of 3 years of active service.

☛ What is the Salary of Specialist officers (SO)?
The basic pay scale of different Scale/Grade are as follows:

MMGS III - 42020-1310/5-48570-1460/2-51490 
MMGS II - 31705-1145/1-32850-1310/10-45950 
JMGS I - 23700 - 980/7- 30560-1145/2 - 32850 -1310/7 -42020

☛ Some Important Points:
  1. The Cut-off Date for the purpose of eligibility in Age criteria shall be the 1st day of the month in which online registration commences i.e 01.03.2019.
  2. The cut-off date for Post qualification experience will be the last date of online registration given in this notification i.e. 29.03.2019.
  3. Only full time experience as a permanent employee after acquiring the educational qualification notified for eligibility will be considered. 
  4. Candidates having PG Degree (MMS or MBA)/PG Diploma with more than two specializations are NOT eligible to apply.
                                                                 
                          
        


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