IDBI Assistant Manager 2021 Exam: The official notification was released by the IDBI Bank two days ago. A total of 650 vacancies have been announced so far. Let’s look at the important details every aspirant should know before applying for the exam.
Important dates
| Sr. No. | Sr. No. Activity | Date |
| 1. | Opening and closing of Payment Gateway | 10.08.2021 to 22.08.2021 |
| 2. | Opening and closing of gateway for the submission of online application | 10.08.2021 to 22.08.2021 |
| 3. | Date of Online Test at all Centers (Tentative) | 04.09.2021 |
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IDBI Assistant Manager 2021 Exam Pattern
| Sr. No. | Sr. No. Name of the Test | No. of Questions | Maximum Marks Duration | Time |
| 1. | Logical Reasoning, Data Analysis & Interpretation | 60 | 60 | Composite time of 2 hours |
| 2. | English Language | 40 | 40 | |
| 3. | Quantitative Aptitude | 40 | 40 | |
| 4. | General/Economy/Banking Awareness | 60 | 60 |
The candidates which will qualify in the online test will be then called for a personal interview for the final round of the selection procedure. The online test will be objective in nature.
Penalty for wrong answers – 0.25 marks for each wrong answer
Program Fees
Program fees for this Course will be Rs.3,50,000/- (Rs. Three Lakh Fifty Thousand only) plus GST, as applicable, to be paid by the students in installments as per a fixed schedule during the 1-year program (inclusive of course fees, lodging, boarding, and other fees, etc.).
Apart from the above course fees, the exam fees for undergoing various Certification exams as mandated under the course will have to be borne additionally by the candidates, as per the fees charged by respective body/organizations from time to time for conducting these Certification exams.
Financing/Loan Options for Program Fee
Selected candidates can finance the course fees by availing Education Loan, if they so desire, which will be granted by IDBI Bank as per its prevailing education loan scheme of IDBI Bank.
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Eligibility criteria
a. Cut-off date: July 01, 2021
b. Applicant must be either (i) a citizen of India, or (ii) a subject of Nepal, or (iii) a subject of Bhutan, or (iv) a Tibetan refugee (who came over to India before 1st January 1962) with the intention of permanently settling in India or (v) a person of Indian origin, who have migrated from Pakistan, Myanmar (formally Burma), Sri Lanka, East African Countries of Kenya, Uganda, the United Republic of Tanzania (formerly Tanganyika and Zanzibar), Zambia, Malawi, Zaire, Ethiopia and Vietnam with the intention of permanently settling in India. Provided that an applicant belonging to categories (ii), (iii), (iv), or (v) above shall be a person in whose favor a certificate of eligibility has been issued by the Government of India. The applicant, in whose case a certificate of eligibility is necessary, may participate in the selection process conducted by the IDBI Bank, but on final selection, the offer of appointment may be given only after the necessary eligibility certificate have been issued to him/ her by the Government of India.
c. Candidates are expected to have proficiency in computers.
d. Candidates should be Graduate from any discipline from a recognized university with minimum 60% marks (55% for SC/ST/PWD candidates). It may be mention that candidates should have the final year result declared on or before July 01, 2021
e. The IDBI Bank reserves the right to raise or modify the eligibility criteria pertaining to educational qualification including the percentage of marks secured at the Graduation level. Depending upon the requirement, IDBI Bank reserves the right to cancel or restrict or curtail or enlarge any or all of the provisions of the recruitment process, if need so arises, without any further notice and without assigning any reason there off.
2. Age (As of July 01, 2021)
Minimum: 21 years Maximum: 28 years i.e. a candidate must have been born not earlier than 02.07.1993 and not later than 01.07.2000 (both dates inclusive)
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| S.N. | Category | Age Relaxation |
| a. | Scheduled Caste/Scheduled Tribe | 5 years |
| b. | Other Backward Classes (Non-Creamy Layer) | 3 years |
| c. | Persons With Disabilities | 10 years |
| d. | Ex-Servicemen, Commissioned Officers including Emergency Commissioned Officers (ECOs)/ Short Service Commissioned Officers (SSCOs) who have rendered at least 5 years military service and have been released on completion of assignment (including those whose assignment is due to be completed within one year from the last date of receipt of application) otherwise than by way of dismissal or discharge on account of misconduct or inefficiency or physical disability attributable to military service or invalidment. | 5 years |
| e. | Persons affected by 1984 riots | 5 years |
NOTE:
(i) The relaxation in upper age limit to SC/ST/OBC candidates is allowed on a cumulative basis with only one of the remaining categories for which age relaxation is permitted as mentioned above in Point No. 2 (c) to 2 (e).
(ii) The maximum age limit specified is applicable to General Category candidates and Economically Weaker (EWS) Candidates.
(iii) Candidates seeking age relaxation will be required to submit necessary certificate(s) in original / copies at the time of the Interview and at any subsequent stage of the recruitment process.
(iv) In the case of an ex-serviceman who has once joined in a government job on the civil side after availing the benefits given to him as ex-servicemen for his re-employment, his ex-serviceman status for the purpose of re-employment in Government ceases.
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Terms of Appointment and Posting
Initial appointment in the post of Assistant Manager will be on probation for a period of one year from the date of joining the Bank (which can be extended at the discretion of the Bank). Candidates will be posted at Bank’s discretion, to any offices of the Bank or the departments/offices/business units / the Bank’s associate institutions. The candidates
will also be liable to be transferred to any place in/outside India, as the Bank may decide from time to time in terms of the Bank’s prevailing rules/policies.
Service Bond
All selected candidates, at the time of their joining the course itself, will have to execute a Service Bond for serving IDBI Bank for a minimum period of 3 years from the date of their joining IDBI Bank’s service or shall have to pay an amount of `2 Lakh plus applicable GST. In addition to the payment of `2 Lakh plus applicable GST, in case any candidate leaves the services of IDBI Bank before 3 years of his/her joining, he/she will have to clear his/her outstanding educational loan dues at the applicable card rate, if he/she has opted for education loan from IDBI Bank.
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