IDBI JAM PGDBF Overview

IDBI JAM PGDBF 2024 Overview

The Industrial Development Bank of India (IDBI) announced the IDBI JAM PGDBF Recruitment 2024 notification on February 7th, available on their official website https://www.idbibank.in/. This presents a great opportunity for individuals aspiring to begin their banking career. A total of 600 positions are available to grab for the year 2024. 

IDBI Bank has partnered with Manipal Global Education Services Private Limited (MGES), located in Bengaluru, and Nitte Education International Pvt. Ltd (NEIPL) in Greater Noida. They offer training in Banking and Finance to young graduates who wish to work with IDBI Bank. The training includes 6 months of classroom studies at the respective campuses, followed by a 2-month internship and a 4-month On Job Training (OJT) at IDBI Bank branches/offices/centers. Upon successful completion of the course, candidates will receive a PGDBF Diploma and be employed as Junior Assistant Managers (Grade 'O') at IDBI Bank, provided they meet the eligibility criteria outlined in the advertisement. Depending on availability and business needs, IDBI Bank will select candidates from the West and South Zones through Manipal (MGES) Bengaluru, and from the East and North Zones through Nitte (NEIPL) Greater Noida.

The following table will provide a detailed understanding of the IDBI JAM PGDBF recruitment.

IDBI JAM PGDBF Important Dates

The table below will give you a clear idea of the IDBI JAM PGDBF recruitment 2024 timeline.

IDBI JAM PGDBF 2024: Vacancies

There are a total of 600 open positions for IDBI Assistant Manager 2024. The table below provides a detailed overview of these vacancies.

IDBI JAM PGDBF 2024: How to Apply Online

To apply online for the IDBI JAM PGDBF (Post Graduate Diploma in Banking and Finance) program, follow these steps:

Step 1: Visit the Official Website: Go to the official website of IDBI Bank or the specific webpage dedicated to the PGDBF program.

Step 2: Navigate to Recruitment Section: Look for the "Recruitment" or "Careers" section on the website. You may find a specific link for the PGDBF program under the recruitment section.

Step 3: Read the Notification: Carefully read the notification or advertisement for the IDBI JAM PGDBF program to understand the eligibility criteria, important dates, and other details.

Step 4: Registration: If you meet the eligibility criteria, click on the registration link/button. You will be directed to a registration page where you need to provide basic details such as your name, email address, phone number, etc. Create a unique username and password for your account.

Step 5: Fill Application Form: After registration, log in to your account using the credentials you created. Complete the application form with accurate personal, educational, and contact details. Make sure to double-check all the information before submitting the form.

Step 6: Upload Documents: Upload scanned copies of necessary documents such as your photograph, signature, educational certificates, etc., as per the specifications mentioned in the application form.

Step 7: Payment of Application Fee: Pay the application fee online using a debit card, credit card, or internet banking. Ensure that you pay the correct amount as specified in the notification.

Step 8: Review and Submit: Before final submission, review the entire application form to ensure that all details provided are correct. Make any necessary corrections if required, and then submit the form.

Step 9: Print Application Form: After successful submission, download or print a copy of the completed application form for your reference. Keep it safe for future correspondence.

Step 10: Confirmation: Upon successful submission of the application form and payment of the fee, you will receive a confirmation message or email. Note down any registration number or reference ID provided for future communication.

Step 11: Admit Card: Keep checking the official website for updates regarding the release of admit cards for the online exam or other stages of the selection process. Download your admit card once it is available.

Make sure to adhere to the deadlines mentioned in the notification and complete the application process well within the specified timeframe.

IDBI JAM PGDBF 2024: Fees Structure

The Fee for applying IDBI JAM PGDBF 2024 are as follows:

IDBI JAM PGDBF 2024: Eligibility Criteria

The IDBI JAM PGDBF Eligibility Criteria are categorized under the three bases i.e.

• Age
• Nationality 
• Educational Qualification

IDBI JAM PGDBF 2024 Eligibility Criteria: Age

The age limit is an important criterion that candidates must know when applying for the IDBI JAM PGDBF 2024 Exam.Candidates within the age bracket of 20 to 25 years are eligible to apply online for the IDBI JAM PGDBF 2024.

IDBI JAM PGDBF 2024 Eligibility Criteria: Age Relaxation

IDBI JAM PGDBF 2024 Eligibility Criteria: Nationality

Applicant must be either 

(i) a citizen of India, or 

(ii) a subject of Nepal, or 

(iii) a subject of Bhutan, or 

(iv) a Tibetan refugee (who came over to India before 1st January 1962) with the intention of permanently settling in India or 

(v) a person of Indian origin, who have migrated from Pakistan, Myanmar (formerly Burma), Sri Lanka, East African Countries of Kenya, Uganda, the United Republic of Tanzania (formerly Tanganyika and Zanzibar), Zambia, Malwai, Zaire, Ethiopia and Vietnam with the intention of permanently settling in India. 

Provided that an applicant belonging to categories (ii), (iii), (iv) or (v) above shall be a person in whose favour a certificate of eligibility has been issued by Government of India. The applicant, in whose case a certificate of eligibility is necessary, may participate in the selection process conducted by the IDBI Bank, but on final selection, the offer of appointment may be given only after the necessary eligibility certificate has been issued to him/ her by the Government of India.

IDBI JAM PGDBF 2024 Eligibility Criteria: Educational Qualifications

According to the IDBI Junior Assistant Manager notification 2024 PDF, the educational qualification requirements (as of January 31, 2024) are as follows:

• Candidates must hold a bachelor's degree in any discipline from a university recognized by the Government of India or any equivalent qualification recognized by the Central Government.
• Completion of only a diploma course will not suffice to meet the eligibility criteria.
• Candidates are required to demonstrate proficiency in computer skills.
• Preference will be given to candidates who exhibit proficiency in a regional language.

IDBI JAM PGDBF 2024: Selection Process

The selection process for IDBI JAM PGDBF (Post Graduate Diploma in Banking and Finance) program typically involves multiple stages. Here's a general overview:

• Online Exam: The first stage usually consists of an online exam covering sections like Quantitative Aptitude, Reasoning Ability, English Language, General Awareness, and Banking Awareness. Candidates need to qualify in each section to proceed further.
• Personal Interview (PI): Those who clear the Online Exam move on to the personal interview stage. In the PI, candidates are evaluated on various parameters including their academic background, banking awareness, general awareness, communication skills, and personality traits.

The final selection is based on the cumulative performance of candidates in the online exam, and personal interview. Merit lists are prepared, and candidates are offered admission to the PGDBF program based on their ranks and availability of seats.

IDBI JAM PGDBF 2024: Exam Pattern

As per the official notification, IDBI JAM PGDBF 2024 has 4 section i.e. Logical Reasoning, Data Data Analysis & Interpretation, English Language, Quantitative Aptitude & General/Economy/Banking Awareness. The total time duration for the exam is 2 Hours. There will be a 0.25 mark penalty for wrong answers. No marks will be deducted for unattempted questions.

IDBI JAM PGDBF 2024: Syllabus

Here is the complete list of the all 4 subjects of IDBI JAM PGDBF 2024 are as follows: 

IDBI JAM PGDBF 2024 Syllabus: Quantitative Aptitude

The IDBI JAM PGDBF 2024 Syllabus for Quantitative Aptitude are as follows: 

• Vedic Maths
• Number System
• Partnership
• Simplification
• Ratio and Proportion
• Problem on Ages
• Profit and Loss
• Percentage
• Quadratic Equations
• Approximation
• Averages
• Number Series (Missing and Wrong)
• Simple and Compound Interest
• Time Speed and Distance (Boats and Stream; Trains)
• Time and Work (Pipes and Cistern)
• Probability
• Permutation and Combination
• Mensuration
• Data Sufficiency
• Quantity Comparison

IDBI JAM PGDBF 2024 Syllabus: General/Economy/Banking Awareness

The IDBI JAM PGDBF 2024 Syllabus for General/ Economy/ Banking Awareness are as follows:

• Evolution of Banking in India
• Know Your Central Bank (RBI)
• Monetary Policy Committee (MPC)
• International Financial Institutions
• Types of Accounts, ATMs, Cheques
• Payment Systems in India
• Currency Management
• Money Market & Capital Market
• Shares and Debentures
• PSL and Types of Risk in banking
• Miscellaneous

IDBI JAM PGDBF 2024 Syllabus: English Language

The IDBI JAM PGDBF 2024 Syllabus for English Language are as follows: 

• Noun
• Pronoun
• Verb
• Adjectives
• Adverbs
• Active-Passive
• Direct and Indirect
• Preposition
• Conjunction
• Subject verb agreement
• Tenses
• Error Detection
• Reading Comprehension
• Cloze test
• Connectors
• Phrase Correction
• Para Completion
• Descriptive (Letter and Essay)
• Sentence completion
• Para Jumbles

IDBI JAM PGDBF 2024 Syllabus: Logical Reasoning, Data Analysis

& Interpretation

The IDBI JAM PGDBF 2024 Syllabus for Logical Reasoning, Data Analysis & Interpretation are as follows:

• Data Interpretation
• Blood Relation
• Directions
• Rankings
• Computer Aptitude
• Coding-Decoding
• Syllogisms
• Puzzles
• Input and Output
• Data Sufficiency
• Seating Arrangements
• Critical reasoning
• Miscellaneous Reasoning (Prelims)
• Miscellaneous Reasoning (Mains)

IDBI JAM PGDBF 2024: Salary

Candidates who are going to apply for the upcoming IDBI JAM PGDBF 2024 Exam, must be aware of the salary. Here is the brief explanation of the IDBI JAM PGDBF 2024 Salary: 

• Candidates who successfully clear the test and interview and enroll in the program will be provided a monthly stipend of ₹5000 for a training period of 6 months. During the 2-month internship, candidates will receive a stipend of ₹15,000.
• Upon completion of the PGDBF course and subsequent employment with the bank, candidates will receive a compensation package (CTC) ranging from Rs. 6.14 lakh to Rs. 6.50 lakh (applicable for Class A cities) upon joining.