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The Money Desk · Blog
Re:

IDBI Bank Executive Recruitment: Is the 160-Post June 7, 2024 Application Open?

The reported 160-post IDBI Bank Executive application deadline was June 7, 2024. The linked official notice is from 2023-24 and lists different dates and vacancies.
From TheFinanceBase Team3 min to read
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No. The June 7, 2024 deadline reported for 160 IDBI Bank Executive posts has passed, and the official notice linked from the report does not confirm that recruitment. It is Advertisement No. 03/2023-24, a separate campaign with 1,036 Executive-on-Contract vacancies and a June 7, 2023 deadline. The linked notice therefore cannot establish the eligibility rules or application process for the reported 160 posts.

What the 160-post announcement says—and what the official notice confirms

Scroll published its article on June 4, 2024, reporting 160 posts and a June 7, 2024 application deadline. Those are Scroll’s claims; the official document linked from that article is dated to the 2023-24 recruitment cycle and gives different figures and dates.

Detail Scroll article, published June 4, 2024 IDBI Bank Advertisement No. 03/2023-24
Vacancies 160 posts, as reported by Scroll 1,036 Executive-on-Contract vacancies
Application deadline June 7, 2024, as reported by Scroll June 7, 2023
Recruitment cycle Reported as a 2024 application 2023-24

The linked official notice does not verify a 2024 recruitment for 160 Executives. The discrepancy remains unresolved; do not treat the 2023-24 notice as confirmation of the reported 2024 campaign or as a current vacancy notice.

Where to check for a current IDBI Bank vacancy

IDBI Bank’s official Current Openings page is the place to verify vacancies, read the matching notification and follow its application route. The Bank’s careers page lists later recruitment processes and a closure notice for Executive-Sales and Operations 2025-26; it does not show an open 160-post application matching this headline. Check the live page and the specific notice before submitting personal details or relying on a deadline.

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IDBI Bank warns that it has not hired an agency or individual to recruit personnel on its behalf or collect money, commissions or charges for training. Use the Bank’s official careers information and be wary of anyone requesting payment or promising selection.

Eligibility in the linked 2023-24 notice

The following requirements belong only to Advertisement No. 03/2023-24, not to a verified 2024 recruitment:

  • Age: 20 to 25 years as of May 1, 2023.
  • Education: Graduation from a recognized university. A diploma alone did not meet the stated education requirement.
  • Computer skills: Computer literacy was required.

These historical criteria should not be used to judge eligibility for a later opening. The relevant notification sets the age cut-off, educational requirements and any applicable relaxations for its own cycle.

Selection process in the 2023-24 notice

For that campaign, IDBI Bank described an online test followed by document verification and a pre-recruitment medical test. The online test had four sections and a composite duration of two hours, with 200 total marks.

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  • Reasoning and data analysis
  • English
  • Quantitative aptitude
  • General, economy and banking awareness, computer and information technology

The notice specified a penalty of one fourth of the marks assigned to a question for each wrong answer. Candidates had to qualify in every test, with cut-offs determined by the Bank. These stages and scoring rules are specific to the 2023-24 notice and are not confirmed for the reported 160-post campaign.

Contract terms and remuneration in the 2023-24 campaign

IDBI Bank’s Advertisement No. 03/2023-24 said the appointment would be purely contractual. It described an initial one-year contract, with possible extensions year by year for up to two additional years, subject to performance and other stated conditions.

Contract year Fixed monthly remuneration in the 2023-24 notice
First year Rs. 29,000
Second year Rs. 31,000
Third year Rs. 34,000

The notice also said that candidates completing three years could become eligible for consideration for Assistant Manager Grade A through a separate selection process, subject to bank policy and vacancy availability. These terms are not a current pay or progression promise for another recruitment cycle.

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How to apply if IDBI Bank announces a new opening

The reported June 2024 application period is over. For a future or currently listed vacancy, use the post-specific official notification rather than carrying forward dates or criteria from an older campaign:

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  1. Open IDBI Bank’s official Current Openings page and locate the exact post and recruitment year.
  2. Read that post’s notification to confirm the deadline, eligibility, selection stages, employment terms and application instructions.
  3. Apply only through the route specified in the official notice, and keep the application confirmation and submitted details.
  4. Do not pay an intermediary or trust a message that promises recruitment in exchange for money.

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