Federal Bank Junior Management Officer Recruitment 2024, Check Eligibility, Salary, Selection Process, and More
Federal Bank has announced an exciting opportunity for eligible candidates to apply for the position of Officer in Junior Management Grade I (Scale I). The recruitment drive aims to attract talented individuals to join the bankโs workforce. Interested candidates must submit their applications online by the 12th August 2024.
Contents
- 1 Overview of Federal Bank Junior Management Officer Recruitment
- 2 Eligibility Criteria for Federal Bank Recruitment
- 3 How to Apply for Federal Bank Recruitment?
- 4 Application Fee
- 5 Salary Expectations
- 6 Selection Process of Federal Bank Recruitment
- 7 Exam Pattern
- 8 Places of Interview
- 9 Service Level Agreement
- 10 Important Dates
- 11 FAQs
Overview of Federal Bank Junior Management Officer Recruitment
The Federal Bank Recruitment includes vacancies with a minimum educational qualification of Post-graduation from a University incorporated by an Act of the Central or State Legislature in India and an age limit of 27 years. The engagement duration is permanent with 2 years on probation, and the selection process is based on an Online Aptitude Test, Group Discussion, and Personal Interview.
The table below provides an overview of the Federal Bank recruitment details:
| Category | Details |
|---|---|
| Post Name | Officers in Junior Management Grade I (Scale I) |
| Vacancies | As Per Bank’s Requirement |
| Online Application Start Date | 31st July 2024 |
| Online Application End Date | 12th August 2024 |
| Educational Qualification | Graduation in any discipline from a recognized university |
| Age Limit | Maximum 27 years as of 01.01.2024 |
| Selection Process | Online Aptitude Test, Group Discussion, and Personal Interview |
| Engagement Duration | Permanent with 2 years on Probation |
| Official Website | federalbank.co.in |
| Download Official Notification | Click Here |
Eligibility Criteria for Federal Bank Recruitment
The essential qualifications, desirable experience, and age limit corresponding to the position of Officer are given below โ
| Criteria | Details |
|---|---|
| Educational Qualification | Post-graduation from a University incorporated by an Act of the Central or State Legislature in India or other Educational Institutions established by an Act of Parliament or declared to be deemed as a University under Section 3 of UGC Act, 1956, or possess an equivalent qualification recognized by the Ministry of HRD, Government of India or approved by AICTE. Candidates should have a minimum aggregate of 60% or above throughout Class X, Class XII / Diploma, Graduation, and Post-Graduation. |
| Age Limit | Maximum 26 years as of 01/01/2024 |
| Other Requirements | Proficiency in English (both written and spoken) and proficiency in computers (especially MS Office) |
How to Apply for Federal Bank Recruitment?
To apply for the Officers in Junior Management Grade I position at Federal Bank, follow these steps:
- Visit the Federal Bank Careers page.
- Click on the link ‘Recruitment Process for Officers in Junior Management Grade-I’.
- Click on ‘Apply Now’ to be redirected to the registration portal.
- Register by entering your valid mobile number, and email ID, and setting a password.
- Verify your registration using the OTPs sent to your mobile and email.
- Fill in your personal, academic, experience, and reference details as required in the registration portal.
- Upload your photograph and signature as per the specified guidelines.
- Click on ‘Proceed to Pay’, verify the application fee details, and complete the payment process.
Application Fee
The table below details the application fee for different categories:
| Category | Application Fee |
|---|---|
| General/OBC | Rs. 700 |
| SC/ST | Rs. 140 |
Salary Expectations
The salary and benefits for Officers in Junior Management Grade I (Scale I) at Federal Bank are competitive and designed to attract top talent. The compensation details are as follows:
- Basic Pay: The starting basic pay is โน48,480 per month, structured in the pay scale of โน48,480 – 2000/7-62480 – 2340/2-67160-2680/7-85920.
- Allowances: Officers are entitled to various allowances, including:
- Dearness Allowance (DA)
- Lease Rental/House Rent Allowance (HRA)
- City Conveyance Allowance
- Medical Allowance
- Other allowances and perquisites as per the bankโs policies.
- Cost to Company (CTC): The annual CTC ranges between โน12.21 lakh and โน16.31 lakh. The exact amount depends on the place of posting and other factors.
- Take Home Pay: The approximate take-home pay is โน80,500 per month. This amount is exclusive of statutory deductions such as Income Tax, Professional Tax, National Pension System (NPS), etc.
Selection Process of Federal Bank Recruitment
The selection process is thorough to ensure that only the best candidates are chosen:
- Initial Screening: Applications are reviewed for completeness and adherence to eligibility criteria.
- Online Aptitude Test: Candidates must pass this test to qualify for the next stage.
- Group Discussion: This assesses the candidatesโ ability to communicate effectively, work in a team, and think critically.
- Personal Interview: Conducted by a panel to evaluate the candidate’s overall fit for the role. This includes questions about the candidateโs background, experiences, and situational responses.
- Final Merit List: Based on performance in all stages, a merit list is prepared, and candidates are selected accordingly.
Exam Pattern
The Online Aptitude Test for the Officers in Junior Management Grade I (Scale I) position includes the following number of questions. The duration of the examination is 75 minutes. A correct answer will fetch 1 mark and a wrong answer will fetch a negative 0.25 mark.
The Online Aptitude Test will be followed by a Psychometric Questionnaire for a maximum duration of 15 minutes. Candidates not attempting the Psychometric Questionnaire will be disqualified from the selection process.
| Section | Number of Questions |
|---|---|
| Verbal Ability/English Language | 20 |
| Logical Aptitude / Reasoning | 20 |
| Quantitative / Numerical Ability | 20 |
| General, Socio-economic & Banking Awareness | 15 |
| Computer Awareness & Digital Banking | 15 |
| Sales Aptitude | 10 |
| Total | 100 |
Places of Interview
The interviews for the Officers in Junior Management Grade I (Scale I) position will be conducted at various Federal Bank branches across major cities. The exact locations will be informed to shortlisted candidates via their registered email addresses. Common interview centers include:
- Mumbai
- Delhi
- Kolkata
- Bengaluru
- Chennai
- Hyderabad
- Kochi
Service Level Agreement
Upon joining Federal Bank, selected candidates must sign a Service Level Agreement. This agreement includes the following terms:
- Minimum Service Period: Candidates must commit to serving the Bank for a minimum of two years.
- Cost of Training: If a candidate decides to leave the Bank before completing the stipulated minimum service period, they will be required to reimburse the Bank a sum of โน50,000 to cover the cost of training.
- Approval and Norms: The reimbursement is subject to the Bank’s approval and the norms followed by the Bank.
This agreement protects the Bank’s investment in training and development while reinforcing the candidate’s commitment to the organization.
Important Dates
The key dates for the Federal Bank Officer recruitment are:
| Event | Date |
|---|---|
| Start of Online Application | 31st July 2024 |
| Last Date to Apply | 12th August 2024 |
| Online Aptitude Test | 23rd August 2024 to 26th August 2024 |
| Group Discussion and Interview | 1st September 2024 |
Read Also:
- Bank of India (BOI) Recruitment
- Indian Bank Apprentice Recruitment
- Punjab National Bank (PNB) Recruitment
FAQs
What Is The Last Date To Apply For The Officer Position At Federal Bank?
The last date to apply is 12th August 2024.
What Is The Selection Process For The Officer Position?
The selection process includes an Online Aptitude Test, Group Discussion, and Personal Interview.
How Can I Apply For The Officer Position?
Interested candidates can apply online through the Federal Bank careers page by following the steps mentioned in the ‘How to Apply’ section.
