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Indian Overseas Bank Recruitment For PO’s (Probationary Officers) – 1500 Posts – Last Date 19th April 2012

Bank Name: Indian Overseas Bank

Qualification: Check below

Location: All Over India

Job Designation: Probationary Officer

IMPORTANT DATES:
OPENING DATE FOR ONLINE REGISTRATION 30.03.2012
CLOSING DATE FOR ONLINE REGISTRATION 19.04.2012
PAYMENT OF APPLICATION FEE /POSTAGE CHARGE 30.03.2012 TO 19.04.2012
TENTATIVE DATE OF INTERVIEW MAY/ JUNE 2012

EDUCATIONAL QUALIFICATIONS (AS ON 01.07.2011):
Graduation from a recognized university/Institution with minimum 60% Marks. (For Candidates belonging to SC/ST/PC category minimum 55% Marks). Graduation results should have been declared by the university/Institution on or before 01.07.2011
Computer literacy shall be an essential qualification, which the candidate must either possess before or acquire within six months of joining the Bank.
Diploma in Banking & Finance (DBF) from Indian Institute Of Banking and Finance (IIBF) is a desirable qualification besides the above entry level qualification

AGE (As on 01.07.2011): Minimum: 21 Years and Maximum: 30 Years

Pay Scale:
Rs. 14500 – 600 /7 – 18700 – 700/2 – 20100 – 800/7 – 25700 plus DA, HRA, CCA as per rules in force from time to time.

PROBATION PERIOD:
The selected candidates will be on probation for a period of two years (24 months of active service) from the date of joining as per the rules of the Bank.

APPLICATION FEE :
FOR SC/ST/ PC – 50/-
FOR ALL OTHERS (INCLUDING OBC) – 200/-

How To Apply:
Candidates are requested to apply only through online between 30.03.2012 and 19.04.2012 through our Bank’s website www.iob.in. No other means/mode of application will be accepted.

About Us:
The Constitution of the Board of the Bank is governed by “The Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1970, formulated by the Central Government, after consultation with the Reserve Bank of India, in exercise of the powers conferred by section 9 of “The Banking Companies (Acquisition and Transfer of Undertakings) Ac, t 1970”.

The Composition of the Board of Directors of a Bank is governed by “The Nationalised Banks (Management and Miscellaneous Provisions)Scheme 1970” read with “The Banking Companies (Acquisition and Transfer of Undertakings) and Financial Institutions Laws (Amendment) Act 2006” and amendment to thevide Extraordinary Gazette Notification dated 19.02.2007 of the Central Government.

In terms of The Banking Companies (Acquisition and Transfer of Undertakings Act 1970, the General Superintendence, Direction and Management of the affairs and business of the Bank vests in the Board of Directors which is entitled to exercise all such powers and do all such acts and things as the Bank is authorized to exercise and do.

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