IOB Recruitment 2024
Indian Overseas Bank, a leading Public Sector Bank based in Chennai with an extensive network both in India and internationally, invites online applications for apprenticeship positions under the Apprentices Act, 1961, in line with the Bank's Apprenticeship Policy.
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Eligible candidates are encouraged to apply online between 28.08.2024 and 10.09.2024. Applications can be submitted through the careers page on our website at www.iob.in by clicking on “Apply Online” under the Engagement of Apprentices section (the link will redirect to the BFSI SSC of India website), or by visiting www.bfsissc.com. Please note that applications will only be accepted through this online platform.
Candidates should review the advertisement thoroughly to ensure they meet all eligibility requirements. Once the Application Fee/Intimation Charges are paid, they are non-refundable and cannot be transferred to any other recruitment process. Candidates are advised to enter their details accurately during the online application process.
Qualification Details
Candidates must hold a Degree (Graduation) in any discipline from a University recognized by the Government of India or any equivalent qualification recognized by the Central Government. The result of this qualification must have been declared between 01.04.2020 and 01.08.2024, inclusive. Candidates must be able to provide Mark Sheets and Provisional/Degree Certificates from the University or College as required by the Bank.
Pay Scale Details
- Selected apprentices will receive a monthly stipend for the one-year contract period as follows: ₹15,000 for Metro Branches, ₹12,000 for Urban Branches, and ₹10,000 for Semi-Urban/Rural Branches.
- These amounts include any government subsidies. Specifically, the stipend after government subsidies will be: ₹10,500 per month for Metro Branches (₹15,000 minus ₹4,500 subsidy), ₹7,500 per month for Urban Branches (₹12,000 minus ₹4,500 subsidy), and ₹5,500 per month for Semi-Urban/Rural Branches (₹10,000 minus ₹4,500 subsidy).
- The stipend will be credited to the apprentices' bank accounts monthly, with adjustments for any unauthorized leave.
- The government’s subsidy of ₹4,500 will be directly transferred to apprentices' accounts via Direct Benefit Transfer (DBT) as per existing guidelines.
- No additional allowances or benefits will be provided.
Age Limit
The age requirement is between 20 and 28 years as of the cut-off date, 01.08.2024, for General Category and EWS candidates. Therefore, candidates must have been born between 01.08.1996 and 01.08.2004, inclusive. Age relaxations for SC/ST/OBC/PwBD candidates will be provided as per current Government of India guidelines.
Application Fee
Only eligible candidates will receive an email from BFSI SSC instructing them to pay the required examination fees/intimation charges. Payments must be made online between 28.08.2024 and 15.09.2024, with no alternative payment methods accepted. The fees are as follows:
- PwBD: ₹400 plus GST (18%) = ₹472
- Female / SC / ST: ₹600 plus GST (18%) = ₹708
- GEN / OBC / EWS: ₹800 plus GST (18%) = ₹944
Once the application is submitted, it cannot be withdrawn, and the fee paid will not be refunded under any circumstances, nor can it be transferred to any other engagement process.
Selection Procedure
- Selection for the apprenticeships will be based on an Online Examination, a local language test where applicable, and personal interaction if deemed necessary by the Bank. Meeting the eligibility criteria alone does not guarantee an invitation to the Online Examination or personal interaction.
- The examination will last for 90 minutes. All candidates who have paid the examination fee will receive a notification from the BFSI Sector Skill Council of India (BFSI SSC) about the date and time of the exam.
- Candidates must use their own camera-enabled desktop, laptop, tablet, or smartphone to take the exam at the specified time. They must also present the same ID proof used during the application process for image capture. Except for PwBD candidates, no one else is allowed in the vicinity during the exam. Detailed guidelines will be provided by the exam conducting agency.
- Candidates must secure a minimum aggregate percentage as determined by the Bank, with a 5% relaxation for SC/ST/OBC/PwBD candidates. There are no minimum qualifying marks for individual subjects. Selection will be merit-based, following reservation rules. In the event of a tie, the older candidate will be ranked higher.
- Results for qualified candidates and the final selected list will be published on the website. A waitlist, categorized by state, will be maintained for one year from the date of the results or until the next engagement exercise. Candidates from the waitlist may be called if there are any non-joinings, depending on the availability of qualified candidates.
- Candidates applying for positions in specific states must be proficient in reading, writing, speaking, and understanding one of the local languages of that state, as specified during the application process. The local language test will be conducted after the online examination, during the document verification stage.
- Candidates who fail the local language test will not be considered for apprenticeship unless they provide a 10th or 12th standard mark sheet or certificate indicating that they studied the specified local language, in which case they will be exempt from the test.
Last Date to Apply Online
- Candidates who meet the eligibility criteria are invited to apply online between 28.08.2024 and 10.09.2024 at www.bfsissc.com. Registration and payment of the application fee must be done individually, and no other application methods will be accepted.
- Before applying, please review the detailed advertisement by clicking on the "Advertisement (English)" link under "Engagement of Apprentices under Apprentices Act, 1961 for FY2024-25" on the Indian Overseas Bank website's "Careers" page, or on www.bfsissc.com under the "Career Opportunities" section, to ensure you meet the eligibility requirements.
- Make sure to use a valid personal email ID and contact number that will remain active throughout the engagement process, as important communications, including those from BFSI SSC, will be sent to your registered email. Do not use someone else's email ID; if you do not have a personal email ID, create one before applying and keep it active.
- Additionally, complete your registration on the NATS portal (https://nats.education.gov.in) before applying for the IOB Apprenticeship program for FY 2024-25. You will need to provide your NATS Enrolment number when filling out the online application form on www.bfsissc.com.
Important Dates
- Opening Date of Online Application 28.08.2024
- Closing Date of Online Application 10.09.2024
- Payment of Application Fee 28.08.2024 to 15.09.2024
- Online Examination Date (Tentative) 22.09.2024
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Application form for IOB Recruitment 2024
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.
