Federal Bank Recruitment 2024: Officers in Junior Management Grade I

Federal Bank Recruitment 2024: Federal Bank announced notification for recruiting Officers in Junior Management Grade I post. Candidates with Any PG degree qualification can apply for the job. Interested and eligible candidates can apply for the job online on or before 12 August 2024. The detailed eligibility and selection process for Federal Bank Jobs are explained below. Candidates can apply for IBPS SO 2024 or IBPS PO 2024.

Federal Bank Vacancy 2024 Notification:

Federal Bank, one of the top private sector Banks in the country recognized as Bank of the Year 2023-India by The Banker, is excited to announce an opportunity for ambitious individuals to join our team as Officer in Junior Management Grade I Scale If. We are looking for talented candidates eager to build a rewarding career in banking and contribute to our vision of being the Most Admired Bank. Eligible candidates who possess the passion and drive to shape the future of the Bank shall apply online between 31 July 2024 and 12 August 2024 (both days inclusive) through the Careers page of the Bank’s website, www.federalbank.co.in after carefully going through the instructions detailed below.

Before applying for the post, candidates carefully read the job details below. The details mentioned below are the education qualification, age limit, age relaxation, application fee, selection process, and application process. For more information about Federal Bank Careers, visit www.federalbank.co.in.

Federal Bank Recruitment 2024 for Officers:

Job Role	Officer in Junior Management Grade I
Job Category	Bank Jobs
Qualification	Any PG Degree
Experience	Freshers
Total Vacancies	Not Disclosed
Salary	Rs.48,480 – 85,920/-
Job Location	Across India
Last Date	12 August 2024

Federal Bank Jobs – Detailed Eligibility:

Educational Qualification:

Officer in Junior Management Grade I:

• Post Graduates with a minimum aggregate of 60% from a University incorporated by an Act of the Central or State Legislature in India or other educational Institutions established by an Act of Parliament or declared to be deemed as a University under Section 3 of UGC Act, 1956, or possess an equivalent qualification recognized by the Ministry of HRD, Government of India or approved by AICTE.
• Candidates should have a minimum aggregate of 60% or above throughout Class X, Class XII, Graduation and Post-Graduation.
• Candidates who are passing/passed out Post-Graduation in the academic year 2023-2024 are also eligible to participate in the selection process if they have cleared all the papers of previous years/semesters of the qualifying examination with an aggregate of 60% as of 30.07.2024. All the documents about subsequent semester(s)should be cleared along with the final year/semester examination results. The final year/semester examination should be cleared on the first chance.
• Post-graduation courses must entail at least two years of education after Graduation.

Period on probation: Candidates selected as Officers in Junior Management Grade I will be on probation for 2 years.

Service Level Agreement:

The selected candidates will be required to execute a Service Level Agreement upon joining the Bank undertaking to serve the Bank for a minimum period of 2 years or to pay the Bank a sum of Rs. 50,000/- as cost of training in case the candidate leaves the Bank before completion of the stipulated minimum service period (Subject to Bank’s approval and norms followed).

Age Limit ( As on 01 June 2024): 27 Years

Age Relaxation: The age of SC/ST candidates shall not exceed 32 years as of 01.06.2024 (candidates should be born on or after 01.06.1992

Salary: 

• Presently, the starting Basic Pay applicable to Officers (in Scale I) is 48,480/- on the pay scale -48,480 – 2000/7 – 62480 – 2340/2 – 67160 – 2680/7 – 85920.
• The official will also be eligible for Dearness Allowance, Lease Rental/House Rent Allowance, City Conveyance Allowance, Medical and other allowances and perquisites as per rules in force from time to time.
• The cost to company per annum would be a minimum of 212.21 Lakh and maximum of 216.31 Lakh depending upon the place of posting and other factors. The Take Home Pay will be approximately 80,500 per month (excluding statutory deductions like Income Tax, Profession Tax, NPS etc).

Selection Process of Federal Bank Careers:

• Selection Rounds for the recruitment process will be Online Aptitude Assessment, Potential Assessment through Group Discussion / Preliminary Interaction and Personal Interview or any other mode of selection to be decided by the Bank.
• Candidates not attempting the Psychometric Questionnaire will be disqualified from the selection process.
• Every selection round will be an elimination stage.
• Based on the administrative requirements, the Bank reserves the right to shortlist only the requisite number of candidates in the screening rounds.
• Online Aptitude Assessment and Potential Assessment through Group Discussion / Preliminary Interaction will be conducted virtually (Online), and the Personal Interview will be conducted across various interview centres if it is not performed in virtual mode.
• The mode of the selection process will depend upon the prevailing situations/number of candidates/discretion of the Bank.
• Marks / Ratings secured by the candidates during the selection rounds will be confidential and will not be disclosed.
• The decision of the Bank concerning the qualifying criteria in each selection round will be final and
  binding on the candidates and the same will not be disclosed.

Online Aptitude Assessment:

Name of Sections	No.of.Questions	Maximum Marks
Verbal Ability / English Language	20	20
Logical Aptitude / Reasoning	20	20
Quantitative / Numerical Ability	20	20
General, Socio-economic & Banking Awareness	15	15
Computer Awareness & Digital Banking	15	15
Sales Aptitude	10	10
Total	100	100

• Total time of 76 minutes for all the sections together
• Acorrect answer wil fetch mark and a wrong answer will fetch negative 0.25 mark.
• The date of Online Aptitude Test is tentatively scheduled on OI September 2024.
• The Online Aptitude Test will be followed by a Psychometric Questionnaire for a maximum duration of 15 minutes.

The Bank proposes to conduct the Personal Interview at the following centres:

• Ahmedabad
• Bangalore
• Belgaum
• Chandigarh
• Chennai
• Coimbatore
• Delhi
• Ernakulam
• Guwahati
• Hyderabad
• Indore
• Kolkata
• Kottayam
• Kozhikode
• Lucknow
• Mumbai
• Nagpur
• Patna
• Pune
• Thiruvananthapuram
• Visakhapatnam

Application Fees:

• General/Others: Rs 700/-
• SC/ST: Rs 140/-
• GST at applicable rates (@18%) to be charged extra

Payment Mode:

• The application form is integrated with the payment gateway.
• Payment can be made using debit cards, credit cards, UPI, or Internet banking.

How to apply for Federal Bank Recruitment 2024?

Interested and eligible candidates can apply for the Federal Bank Vacancy 2024 online on their official website by 12 August 2024.

For more details: Click here.

To Apply: Click here.

Important Dates of Federal Bank Careers:

• Date of Notification: 31 July 2024
• Last Date of Application: 12 August 2024
• Proposed Dates of Mock Test: 25 August 2024 to 26 August 2024
• Proposed Date of Online Aptitude Test: 07 September 2024