Apply Now for IDBI Bank PGDBF Program 2023-24

IDBI Bank has released notification for 600 vacancies for the 1-year Post Graduate Diploma in Banking and Finance (PGDBF) program 2023-24. Learn eligibility, selection process, stipend/salary, and career growth, and apply online.

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IDBI Bank Invites Applications for PGDBF Program 2023-24

IDBI Bank has released an advertisement for admissions to the prestigious 1-year Post Graduate Diploma in Banking and Finance (PGDBF) program for the 2023-24 academic session. This program aims to attract bright young graduates and train them into competent banking professionals who can take up managerial roles in the future.

The PGDBF course will be conducted by Manipal Global Education Services (MGES), Bengaluru, and Nitte Education International Pvt Ltd (NEIPL), Greater Noida. IDBI Bank will recruit 600 candidates through this program who will be inducted as Junior Assistant Managers upon successful completion.

Particulars	Details
Name of Program	Post Graduate Diploma in Banking and Finance (PGDBF)
Conducted By	Manipal Global Education Services (MGES), Bengaluru and Nitte Education International Pvt Ltd (NEIPL), Greater Noida
Total Vacancies	600
Duration	1 year – 6 months of Classroom Learning – 2 months Internship – 4 months On the Job Training
Eligibility	Graduate in any discipline Age 20-25 years as of 31 Aug 2023
Selection Process	Online Test Personal Interview
Application Dates	15 Sept 2023 to 30 Sept 2023
Application Fees	Rs. 1000 for General Rs. 200 for SC/ST/PWD
Stipend During Training	Rs. 5000 per month for 6 months Rs. 15,000 per month for 2 months internship
Job Profile After Recruitment	Junior Assistant Manager (Grade O)
Starting Salary	Rs. 6.14 lakh to Rs. 6.50 lakh per annum

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IDBI Bank PGDBF Program Highlights

Total Vacancies: 600
Courses Conducted By: Manipal Global Education (South/West Zone) and Nitte Education (North/East Zone)
Program Duration: 1 year
- 6 months of classroom learning
- 2 months internship at IDBI Bank
- 4 months of on-the-job training
Qualification: Graduate in any discipline
Age Limit: 20-25 years as of August 31, 2023
Selection Process: Online Test + Personal Interview
Stipend During Training: ₹5000 per month + ₹15000 per month during internship
Job Profile After Recruitment: Junior Assistant Manager (Grade O)
CTC After Recruitment: ₹6.14 lakh to ₹6.50 lakh p.a.

This is an excellent opportunity for young graduates to kickstart their careers in the banking sector. With theoretical and practical training provided during the course, you will gain domain expertise and professional skills to handle branch banking roles confidently.

Check Your Eligibility for the IDBI PGDBF Program

To apply for this PGDBF course, you need to fulfill the following eligibility criteria:

Educational Qualification

Graduate (any discipline) from a recognized university
Proficiency in computers is preferred
Knowledge of regional languages is an added advantage

Age Limit

Your age should be between 20-25 years as on August 31, 2023. Relaxation in the upper age limit will be provided as per government norms.

Nationality

You must be a citizen of India or a subject of Nepal/Bhutan or Tibetan refugee settled in India or a person of Indian origin who has migrated from Pakistan, Burma, Sri Lanka, East African countries, etc.

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How to Apply for the IDBI Bank PGDBF Program

The application process for the IDBI PGDBF 2023-24 batch will be online mode only. Here are the key steps:

Click on Apply Online below and it will lead you to the IDBI Bank career link.
Register yourself by filling in basic details and generating login credentials
Login and fill out the complete application form
Upload scanned photo, signature, etc. as per specifications
Pay the application fees online
Submit the form and take a printout for future reference

The online application process will commence on September 15, 2023, and conclude on September 30, 2023. Application fees are ₹1000 for general candidates (₹200 for SC/ST/PWD).

Job Apply Link

IDBI Bank PGDBF Selection Process

The selection will comprise of two stages:

1. Online Test

The test will have 4 sections – Reasoning, English, Quantitative Aptitude, General/Economy/Banking Awareness
Total duration: 2 hours
Total questions: 200
Total marks: 200

2. Personal Interview

Shortlisted candidates will be called for personal interview round
The interview will carry 100 marks
Minimum qualifying marks: 50% for general and 45% for reserved category

The final selection will be based on scores in the online test + interview. Candidates must secure minimum marks in each test and rank sufficiently high on the merit list.

IDBI Bank PGDBF Program Curriculum

The 1-year PGDBF course curriculum is designed to impart both theoretical knowledge and practical skills required to excel in a banking career.

Here is an overview of the key topics covered:

Foundation Course: Accounting, Finance, Management Principles, Business Communication
Central Banking, Banking Regulation, Risk Management
Advances and Loans: Corporate, SME, Agri, Retail
Treasury Management: Forex, Derivatives
Retail Banking: Deposits, Marketing Strategies
Technology in Banking: Core Banking, Digital Channels
Credit Management: Appraisal, Monitoring, Recovery
International Banking and Trade Finance
Ethics and Corporate Governance
Soft Skills Development: Leadership, Teamwork, Interview Skills

The pedagogy comprises of classroom sessions, case studies, assignments, quizzes, presentations, and guest lectures from industry experts. The internship and on-the-job training will give hands-on experience in day-to-day branch operations.

Stipend & Salary Offered During IDBI Bank PGDBF Program

Candidates will receive the following payouts during the 1-year program duration:

Training Period (6 months): ₹5000 per month stipend
Internship Period (2 months): ₹15,000 per month stipend

After successful completion and recruitment, the starting salary will be:

₹6.14 lakh to ₹6.50 lakh per annum (based on posting location)
Designation: Junior Assistant Manager (Grade O)

Other benefits include TA/DA, subsidized lunch, visiting officer facilities, etc. Annual increments and promotions will be as per IDBI Bank’s policy.

Growth Opportunities after the IDBI PGDBF Program

Candidates recruited through this PGDBF program can expect good career growth in IDBI Bank:

Designation after recruitment: Junior Assistant Manager (Grade O)
Promotion to Assistant Manager (Grade A) after 3 years of service, subject to performance
Opportunities for placements in Credit, Forex, Trade Finance, SME lending, Retail liabilities/assets, etc. based on specialization
Chance to be fast-tracked under management trainee scheme for high performers
Postings across a wide branch network and zonal/regional offices of IDBI Bank

IDBI Bank PGDBF program thus provides a solid foundation to shape a rewarding career in banking.

Frequently Asked Questions

What are the eligibility criteria for IDBI PGDBF 2023-24?

The eligibility criteria are – Graduate in any discipline + Age between 20-25 years as of 31 Aug 2023.

How can I apply for the PGDBF program?

You need to apply online from 15 Sept to 30 Sept 2023 through IDBI Bank’s career page.

What is the selection process for IDBI PGDBF?

Selection is through an Online Test followed by a Personal Interview.

What stipend will I get during the PGDBF training?

You will receive Rs. 5000 per month for 6 months of training and Rs. 15,000 per month for 2 months of internship.

What will be my starting salary after recruitment?

The starting salary will be in the range of Rs. 6.14 lakh to Rs. 6.50 lakh per annum.

IDBI Official Notification

IDBI-Notification-2023 Download

Disclaimer

This blog post is meant to provide general information about the IDBI PGDBF 2023-24 program and is not an official advertisement or notification by IDBI Bank. All details regarding eligibility criteria, selection process, stipend/salary details, etc. are as per the official advertisement released by IDBI Bank.

Readers are advised to refer to the official advertisement and the bank’s website for authentic information and to apply as per the official application process. The author and publisher of this blog will not be responsible for any discrepancies arising due to outdated or inaccurate information provided here. All logos and trademarks used are the property of their respective owners. This blog is not endorsed by IDBI Bank and should not be considered as advice or recommendation from the bank. Readers are advised to conduct their own due diligence before applying for the program or joining the bank.

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