Indian Overseas Bank Recruitment of Probationary Officers (PO) 2012

Indian Overseas Bank Recruitment of Probationary Officers (PO) 2012

Name of the Post & Number of Vacancies
Probationary Officer      : 1500 vacancies
in Junior Management
Grade Scale – I

Important Dates

• Opening date for online registration/ payment of application fee: 30 March 2012
• Closing date for online registration/ payment of application fee: 19 April 2012
• Tentative date for Interview: May/ June 2012

Eligibility Criteria


EDUCATIONAL QUALIFICATIONS (AS ON 01.07.2011):i) Graduation from a recognised university/Institution with minimum 60% Marks. (For Candidates belonging to SC/ST/PC category minimum 55% Marks). Graduation results should have been declared by the
university/Institution on or before 01.07.2011.

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

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


IBPS SCORE REQUIREMENTCandidates should have obtained the valid IBPS CWE-PO/MT-2011 Score card ,Total Weighted Standard Score (TWS) as mentioned below in the Common Written Examination conducted for POs/MTs
in Sept / Nov 2011 by IBPS. Candidates should be able to produce the original IBPS CWE-PO/MT-2011 Score Card in support of the scores mentioned in the on-line application form, if called for Interview.


TOTAL WEIGHTED STANDARD SCORE (TWS):For General Category: TWS - Minimum 120
For Reserved Category (SC/ST/OBC/PC): TWS - Minimum 105

NOTE: Candidates should also secure minimum marks, i.e. 24 for General category and 21 for Reserved Categories, in each subject including descriptive test in CWE.


Age Limit (as on 1 July 2011): Minimum 21 years, Maximum 30 years 

Pay Scale - ` 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
A. INTERVIEW:
 
Mere eligibility/ pass in the Common Written Examination shall not vest any right in a candidate for being called for Interview. Depending upon the number of vacancies, only those candidates who rank sufficiently high in the order of merit in Common Written Examination (CWE) conducted by IBPS in Sept / Nov 2011, as per the cut-off marks decided by the Bank will be called for the 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/PC Candidates.

Final selection will be made on the basis of aggregate marks obtained by the candidates in the Common Written Examination (CWE) conducted by IBPS in Sept / Nov 2011 & Interview and will be strictly according to the merit ranking. The candidates belonging to SC/ST/OBC/PC will be given relaxation in marks as per extant Government Guidelines. The Bank reserves the right to change the selection procedure, if necessary.

INTERVIEW CENTRES
The interview will be held at major centres across the country and address of the same will be advised in the interview call letters. The Interviews will be held at different centres on different dates as decided by the Bank and will be communicated to the candidates shortlisted for Interview.

Application Fee: Fee for General and OBC category candidates is Rs 200 and fee for SC/ ST/ PWD category candidates is Rs 50.
The fee can be paid either in the form of Payment Receipt Challan which will be available on the bank's website from 30 March 2012. The fee needs to be remitted in any of Indian Overseas Bank's branches by means of cash only and collect candidate's copy of Payment Receipt Challan for the application fee/ postage charge paid. Candidates should ensure that the following information has been correctly entered (1) Branch Name & Code Number (2) Transaction ID (3) Date of deposit and amount.

How to Apply: Candidates need to apply online on the bank's website http://www.iob.in No other means/ mode of application will be accepted. The registration number and password generated should be retained for future reference.
Candidates should submit the candidate's copy of Payment Receipt Challan along with the call letter and all other documents as advised in this notification at the time of Interview failing which the candidate will not be admitted for the Interview.
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