Federal Bank Recruitment 2024
Federal Bank, a leading private sector bank recently named 'Bank of the Year 2023-India' by 'The Banker,' is thrilled to offer an opportunity for driven individuals to join us as Officers in Junior Management Grade I (Scale I). We seek talented candidates eager to advance their careers in banking and contribute to our vision of becoming the 'Most Admired Bank.'
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Educational Qualification
a. Post-Graduation: Candidates must have a Post-Graduation degree from a university established by an Act of the Central or State Legislature in India, or from other educational institutions set up by an Act of Parliament, or deemed to be a university under Section 3 of the UGC Act, 1956. Alternatively, an equivalent qualification recognized by the Ministry of HRD, Government of India, or approved by AICTE is acceptable.
b. Academic Performance: Candidates should have achieved a minimum aggregate of 60% or above in Class X, Class XII/Diploma, Graduation, and Post-Graduation.
Pay Scale Details
- The starting basic pay for Officers in Scale 1 is ₹48,480, with a pay scale ranging from ₹48,480 - ₹2,000/7 - ₹62,480 - ₹2,340/2 - ₹67,160 - ₹2,680/7 - ₹85,920. In addition to the basic pay, the officer will receive allowances such as Dearness Allowance, Lease Rental/House Rent Allowance, City Conveyance Allowance, Medical, and other perquisites as per applicable rules.
- The total cost to the company per annum will range from a minimum of ₹7.21 lakh to a maximum of ₹16.31 lakh, depending on the posting location and other factors. The approximate take-home pay will be around ₹50,500 per month, excluding statutory deductions like Income Tax, Profession Tax, and NPS.
Age Limit
- Candidates must be 27 years old or younger, meaning they should be born on or after 01.06.1997.
- However, candidates with at least one year of experience in the Banking, Financial Services, and Insurance (BFSI) sector as of 01.06.2024 are eligible for an age relaxation of one year, allowing them to be up to 28 years old (born on or after 01.06.1996).
- SC/ST candidates are eligible for an age relaxation extending to 32 years, meaning they should be born on or after 01.06.1992.
Place of Posting
Candidates selected for the position of Officer in Junior Management Grade I will be posted at any of the Bank's branches or offices across India, based on administrative needs.
Important Dates
- Date of Notification: 31st July 2024
- Last Date for Application: 12th August 2024
- Proposed Dates for Mock Test: 23rd August 2024 to 26th August 2024
- Proposed Date for Online Aptitude Test: 1st September 2024
Method of Selection
- The recruitment process will include several selection rounds: an Online Aptitude Test, Group Discussion, and a Personal Interview, or any other method determined by the Bank. Each stage is an elimination round.
- The Bank reserves the right to shortlist only the necessary number of candidates based on administrative needs.
- The Online Aptitude Test and Group Discussion will be conducted online, while the Personal Interview will take place at various centers in offline mode, unless otherwise specified by the Bank.
- The selection process format may vary depending on prevailing conditions, the number of candidates, and the Bank's discretion.
- Candidates’ marks or ratings from any selection round will remain confidential and will not be disclosed.
- The Bank’s decisions regarding the qualifying criteria for each selection stage are final and binding and will not be shared with candidates.
Application Fee
- General / Others: ₹700
- SC/ST: ₹140
The application form is integrated with a payment gateway, and the payment process can be completed by following these instructions:
- Payments can be made using Debit Cards, Credit Cards, UPI, or Internet Banking.
- After entering your payment details in the online application form, wait for confirmation from the server.
- Do not press the back or refresh button during the payment process.
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How to Apply
Visit the Bank’s Website: Go to www.federalbank.co.in, navigate to the 'Careers' section, and click on 'Recruitment Process for Officers in Junior Management Grade I'.
Read the Notification: Review the notification, eligibility criteria, and instructions carefully. Click on 'Apply Now' to be redirected to the registration portal.
Register:
- Enter your valid mobile number, Email ID, and set a password. The password should be at least 8 characters long, including 1 digit, 1 alphabet, and 1 special character.
- This mobile number, Email ID, and password will be used throughout the selection process.
- Click 'Send OTP' to receive OTPs on your mobile and email. Enter both OTPs on the screen and click 'Verify'.
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Complete the Application Form:
- Fill in your personal, academic, experience, and reference details (include the name, address, email ID, and telephone number of three references, excluding relatives and friends).
- Ensure all fields are filled accurately. Modify details if necessary, and click 'I Agree' in the declaration tab only after verifying the entered information. No changes can be made after clicking 'I Agree'.
Upload Documents: Upload your photo and signature according to the specified guidelines. Refer to the guidelines for proper scanning and uploading of these documents.
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Pay the Application Fee: A Personal Data Form, reflecting the details entered in the registration portal, will be sent to your registered email ID for reference. Click on 'Proceed to Pay', verify the fee details, and complete the payment process.
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Disclaimer: The above information is for general informational purposes only. All information on the Site is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information on the Site.
