Banking Exams, IPCI Info

IDBI Junior Assistant Manager Recruitment 2023

Advertisement for the Post of IDBI Junior Assistant Manager

IDBI Bank invites applications from young, dynamic graduates for 1 year Post Graduate Diploma in Banking and Finance (PGDBF) comprising of 6 months of classroom studies at the respective campus, 2 months Internship and 4 months of On Job Training (OJT) at IDBI Bank’s Branches/offices/centers. After the successful completion of the course, the candidate will be awarded PGDBF Diploma and inducted into IDBI Bank as Junior Assistant Manager (Grade ‘O’) subject to fulfillment of eligibility criteria as stated in this advertisement. The details of the essential qualification, number of vacancies, age limit and fee structure are given below:-

Important Dates:-

Opening Date for submission of online applications15-09-2023
Last Date for submission of online applications30-09-2023
Tentative Date of Online TestOctober 20, 2023

Total Number of Posts:- 600

Post:- Junior Assistant Manager

Minimum Essential Qualification:- Graduation in any discipline from a recognized University or any equivalent qualification recognized as such by the Central Government. Candidates are expected to have proficiency in computers. Proficiency in regional language will be preferred.

Age Limit:- The candidate must be between 20 and 25 years of age, i.e., the candidate must have been born not earlier than 31-08-1998 and not later than 31-08-2003. (Age relaxation as per rules)

Selection Procedure:- 2 phases – ONLINE TEST and INTERVIEW

Fee Structure:-          



Programme fees for this Course will be Rs.3,00,000/- (Rupees Three lakh only) plus GST, as applicable, to be paid by the students in instalments as per a fixed schedule during the 1 year programme ( 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.

Career Prospects and Emoluments

i) Stipend – During the Training Period (6 Months) – Rs.5,000/- per month; during the Internship Period (2 Months) – Rs.15,000/- per month. The Bank reserve the right to recover the stipend from the candidates who exit during the course or prior to joining the Bank’s service. Subsequent to the completion of the 8 months (Training + Internship) and subject to successful completion of the PGDBF course candidates will be absorbed in the Bank and shall be posted as an OJT for an initial period of 4 months at any of the Bank’s branches/offices as per requirement. 

ii) After joining the Bank’s services as Junior Assistant Manager -JAM (Grade ‘O’) and subject to successful completion of the PGDBF course, compensation (CTC) would range between Rs.6.14 lakh to Rs.6.50 lakh (Class A city) at the time of joining.

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