Indian Overseas Bank (IOB) was founded on February 10, 1937 and has the unique distinction of commencing business on 10th February 1937 (on the inaugural day itself) in three branches simultaneously - at Karaikudi and Chennai in India and Rangoon in Burma (presently Myanmar) followed by a branch in Penang. IOB was one of the 14 major banks that was nationalised in 1969.
IOB invites applications for the post of Probationary Officers the details of which are mentioned below
Name of the post: Probationary Officer
Total Number of Vacancies: 1000 seats
Age Limit: 21 years of age (min) and 30 years of age (max) as on 1 January 2010.
Eligibility criteria: For recruitment as probationary officer in Indian Overseas bank, a candidate should satisfy the following conditions:
(i) a citizen of India,
(ii) a subject of Nepal,
(iii) subject of Bhutan,
(iv) a Tibetan refugee who came over to India before 1 January 1962 with the intention of permanently settling in India,
(v) a person of Indian origin who has migrated from Pakistan, Burma, Sri Lanka, East African countries of Kenya, Uganda, the United Republic of Tanzania (formerly Tanganyika and Zanzibar), Zambia, Malawi, Zaire, Ethopia and Vietnam with the intention of permanently settling in India. Provided that a candidate belonging to categories (ii), (iii), (iv) & (v) above shall be a person in whose favour a certificate of eligibility has been issued by the Government of India. A candidate in whose case a certificate of eligibility is necessary may be admitted to the examination/ interview conducted by the Bank but on final selection the offer of appointment may be given only after the necessary eligibility certificates have been issued to him by the Government of India.
A candidate in whose case a certificate of eligibility is necessary may be admitted to the examination &/ or interview conducted by Bank but on final selection the offer of appointment may be given only after the Government of India has issued the necessary eligibility certificate.
Educational qualification: The candidate should be a graduate in any discipline from a recognised university with minimum 60% marks. (For candidates belonging to SC/ST/PC category minimum 55% marks are required).
Diploma in Banking & Finance (DBF) from Indian Institute of Banking and Finance (IIBF) is a desirable qualification besides the above entry level qualification.
Note: Candidates are advised to only enter percentage of marks in the online application form. Where no percentage of mark is awarded by the University, but only CGPA/ OGPA is awarded, candidates are advised to convert the same into percentage and enter only the percentage of marks.
Computer qualification (if required): Computer literacy shall be an essential qualification, which the candidate must either possess before or acquire within six months of joining the Bank.
Important Dates:
a) Opening date for online registration: 8 February 2011
b) Closing date for online registration: 1 March 2011
c) Tentative date of written test: 22 May 2011
Pay scale: Rs 14500 – 600/7-18700-700/2-20100-800/7-25700 plus DA, HRA, CCA as per rules in force from time to time.
Application Fee: The fee to be paid by SC/ST/PWD/EXSM candidate is Rs 50 and for General/OBC candidate is Rs 400.
How to apply:
Eligible candidates are required to apply 'ONLINE' only through website www.iob.in and no other means/ mode of application will be acceptable. Candidates are advised to follow the following sequence of steps while applying online.
- Candidates are required to have a valid e-mail ID. It should be kept active for the duration of this recruitment process. Under no circumstances, he/ she should share/ mention e-mail ID to/ of any other person.
- In case a candidate does not have a valid personal e-mail ID, he/she should create his/her e-mail ID before applying online.
- Log on to Bank’s website www.iob.in and click “Career” column (available at the top of the bank’s website), then the Career page will open.
- Go through the detailed advertisement by clicking the Advertisement (English) or advertisement (Hindi) available in the Career Page and ensure candidate’s eligibility to apply for the said post.
- Take print out of Payment Receipt by clicking Download Payment Receipt available in the Career Page.
- Remit the application fee/postages as applicable to the candidate with the filled up Payment Receipt in any of Indian Overseas Bank branches by means of cash only and collect candidate’s copy of Payment Receipt for the application fee paid. Please ensure that the following information has been correctly entered (1) Branch Name & Code Number (2) Transaction ID (3) Date of deposit and amount.
- Again log on to our Bank’s website www.iob.in and open the Career Page. Click apply online. Then online application form will open. Fill up all the details required in the application and click “Submit” button available at the bottom of the online application and online application will be registered. A Registration Number and Password will appear for your online registration immediately on the screen. This can be used only for taking printout of the online application registered by the candidates for their records and candidates should not send the printout of the online application to the Bank.
- There is a provision to modify the submitted On Line Application. Candidates are requested to make use of this facility to correct their details in the online Application, if any. This modification facility will be available up to 3 March 2011. After this date no modification will be permitted. Candidate should take utmost care while filling the online application.
For the purpose of locating the Branch address for remitting fees, candidate may log on to our Bank website www.iob.in wherein provision is available for locating address of the Branches.
Candidates should submit the candidate’s copy of Payment Receipt along with the call letter at the time of written examination failing which the candidate will not be admitted for the written examination.
The payment of fees should be made between 8 February 2011 and 1 March 2011 (inclusive of both dates).
Applications once made will not be allowed to be withdrawn and application fee/ postages once paid shall not be refunded or shall not be held in reserve for any other examination.
Selection procedure:
A. Written Examination
The Written Examination will comprise of Objective Test and Descriptive Test details of which are:
a) Objective Test
Objective Test consisting of Test of Reasoning, Test of English Language, Test of Quantitative Aptitude, Test of General Awareness with special reference to Banking Industry, Test of Computer Knowledge (250 Questions carrying total weightage of 225 with total time duration of 150 minutes).
| Sl. No. | Test | No. Of Questions |
|---|---|---|
| 1. | Test of Reasoning | 50 |
| 2. | Test of English Language | 50 |
| 3. | Test of Quantitative Aptitude | 50 |
| 4. | Test of General Awareness with special reference to Banking Industry | 50 |
| 5. | Test of Computer Knowledge | 50 |
| Total | 250 |
There will be penalty for wrong answers marked in the objective tests which will result in negative marks for every wrong answer ie, one fourth or 0.25 of the marks assigned to that question will be deducted. If the total of the penalty for a test is in fraction, the marks obtained will be rounded off to the nearest integer.
b) Descriptive Test
Descriptive paper on English Composition will comprise 3 compulsory questions (Essay, précis writing, letter writing etc).
The Descriptive Test carries total marks of 50 and weightage for the same will be 25. The duration to take this test is one hour.
Note: The question paper for above test both Objective and Descriptive except the Test of English Language and Descriptive Paper will be printed bilingual i.e. English and Hindi. Bank will decide the minimum cut-off marks for each test as well as Total Weightage Marks.
Depending on the number of number of vacancies, such of those candidates who rank sufficiently high in the order of merit in the written test as per the cut off marks decided by the Bank will only be called for the interview.
B. 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/Physically Challenged Candidates.
Final selection will be made on the basis of aggregate marks obtained by the candidates in the written examination and Interview and will be strictly according to the merit ranking.
Exam Centres: Ahmedabad, Bangalore, Bhopal, Bhubaneshwar, Chandigarh, Chennai, Coimbatore, Delhi, Ernakulam, Guwahati, Hyderabad, Jaipur, Kolkata, Lucknow, Ludhiana, Madurai, Meerut, Mumbai, Patna, Puducherry, Ranchi, Trichy, Vijayawada
Exemption for SC/ ST candidates: 5 years
Paper Writer: Candidates who are blind/ low vision or locomotor impaired in both hands and both arms can use own scribe at their cost during the written examination.
a) The academic qualification of the scribe should be one grade lower than the stipulated eligibility criteria.
b) The scribe should possess fewer marks than the candidate appearing at the written examination and not more than 60% marks in his/ her own academic stream.
c) Both the candidate and the scribe will have to give a suitable undertaking, confirming that the scribe fulfils all the stipulated eligibility criteria for a scribe as mentioned above. In case it later transpires that he/ she did not fulfil any of the laid down eligible criteria or suppressed the material facts, the candidature of the candidate will stand cancelled, irrespective of the result of the written examination.
d) Such candidates who use a scribe shall be eligible for extra time of 20 minutes for every hour of the examination.
Important Information
Advertisement Number: HRDD/RECT/ 01/2011
Call Letters for Written Test: The date of written examination along with the Centre/Venue and time of the written examination will be intimated in the Call Letter which will be sent to all eligible candidates before the date of the Written Examination. All eligible candidates will be issued call-letters at the correspondence address given by them in their online application, which will be sent by post. Candidates who do not receive call letter latest by 16 May 2011.
a) May download the Duplicate Call Letter from our Bank’s website www.iob.in by entering his/her details between 17 May 2011 to 21 May 2011.
OR
b) Obtain Duplicate Call Letter between 18 May 2011 and 21 May 2011 between 11.00 am and 4.00 pm (on Saturday between 11.00 am to 2.00 pm) by contacting in person at the address for the respective Centres given in the Annexure 'A' of advertisement in our bank's website www.iob.in in along with copy of application, registration number and original candidate’s copy of payment receipt.
Candidates have to affix his/ her photograph on the call letter. Candidate has to bring this call letter along with original candidate’s copy of payment receipt while attending the written examination.
Note: Candidates have to submit original candidate’s copy of payment receipt along with Examination Call Letter while attending the written examination without which they will not be allowed to take up the examination.
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