INDIAN OVERSEAS BANK
(A Govt of India Undertaking)
Central Office, 763, Anna Salai, Chennai – 600002
www.iob.in Good People to Grow with
Advt No.: HRDD/RECT/ 01 / 2015
geographical presence all over India and abroad invites online applications from Indian Citizens for
recruitment against 100 vacancies for Credit Officers Post in MMG Scale III. Please read this
advertisement carefully and ensure the eligibility before submitting online application/ payment of
Postage/Intimation charges. No other means/mode of application will be accepted
IMPORTANT DATES
Online Registration 18.02.2015 to 06.03.2015
Payment of Postage/Intimation Charges - Both Online amp; Offline Mode 18.02.2015 to 06.03.2015
Last Date for Receiving System Generated Print–out of Registered
Application along with requisite Documents at Central Office, Chennai 14.03.2015
APPLICATIONS FROM SERVING EMPLOYEES:
Subject to fulfilling the other eligibility criteria, existing employees of Indian Overseas Bank may
also apply through proper channel after obtaining No Objection Certificate (NOC) from the
bank. Such candidates if selected should resign from the existing post and join the new post as a
fresh candidate like any other candidate selected from outside.
AGE, EDUCATIONAL QUALIFICATION amp; POST QUALIFICATION WORK EXPERIENCE(AS ON 01.02.2015)
All the eligibility criteria (Age, Educational Qualification and Post Qualification Work Experience
etc.) shall be computed as on 01.02.2015 (inclusive). Relaxation in maximum age for
SC/ST/OBC/PC/Ex-Servicemen will be as per extant Government Guidelines. The required
minimum Age, Educational Qualification and Work Experience are as detailed below:
POST AGE(in years) EDUCATIONAL QUALIFICATION POST QUALIFICATION WORK
EXPERIENCE
Senior Manager – Credit in MMG Scale III
Min – 26
Max – 35
Full Time MBA/Post Graduate
Diploma in Management with
Specialization in Finance
CAIIB/Diploma in Banking and
Finance by IIBF will be
preferred.
Minimum 4 years of post qualification
work experience as an Officer, handling
Credit in Financial Institutions, of which
at-least 2 years should be in a
Scheduled Commercial Bank handling
Credit Portfolio.
SALARY AND EMOLUMENTS
Scale/ Grade Scale of Pay
MMGS – III ` 25700 – 800/5 / 29700 – 900/2 - 31500
DA, HRA, CCA etc., will be as per rules in force from time to time.
PROBATION PERIOD: Candidates selected will serve a probation period from the date of joining
the Bank as determined by the Bank in terms of Officers’ Service Regulation (OSR).
BOND AMOUNT: Candidates selected for appointment will be required to execute a Financial
Service Bond for `1, 00, 000 (Rupees One lac) for rendering service for a minimum period of 3 years.
SELECTION PROCESS
INTERVIEW:
Application Fee :
For General Category : 600/-
For Reserved SC/ST : Only 100/-
