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Federal Bank released the admit card for the online aptitude test on 27 August 2024. Candidates who have shown their participation in the recruitment process for officers in Junior Management Grade I(Scale I) by submitting the application forms have been issued the admit card on their registered Email ID. The online examination to shortlist candidates has been scheduled on 01 September 2024.
Federal Bank Admit Card 2024 Out for Junior Management Grade I
The Federal Bank has issued an important notice on its official website www.federalbank.co.in. It discloses that admit cards for the online qualifying test scheduled on 01 September 2024 have been issued to all the candidates on their registered email id. The institute has provided mock assessment test which candidates can attempt till August 28, 2024, at 10 pm. Here is a summary of the Federal Bank recruitment details.
Overview of Federal Bank Junior Management Officer Recruitment
1: What does the acronym "ATM" stand for in banking?
The table below provides an overview of the Federal Bank recruitment details:
| Category | Details |
|---|---|
| Post Name | Officers in Junior Management Grade I (Scale I) |
| Vacancies | As Per Bank’s Requirement |
| Online Application Start Date | 31st July 2024 |
| Online Application End Date | 12th August 2024 |
| Educational Qualification | Graduation in any discipline from a recognized university |
| Age Limit | Maximum 27 years as of 01.01.2024 |
| Selection Process | Online Aptitude Test, Group Discussion, and Personal Interview |
| Engagement Duration | Permanent with 2 years on Probation |
| Federal Bank Junior Management Scale I Exam Date 2024 | 1st September 2024 |
| Official Website | www.federalbank.co.in |
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Eligibility Criteria for Federal Bank Recruitment
The essential qualifications, desirable experience, and age limit corresponding to the position of Officer are given below –
| Criteria | Details |
|---|---|
| Educational Qualification | Post-graduation 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 / Diploma, Graduation, and Post-Graduation. |
| Age Limit | Maximum 26 years as of 01/01/2024 |
| Other Requirements | Proficiency in English (both written and spoken) and proficiency in computers (especially MS Office) |
How to Apply for Federal Bank Recruitment?
To apply for the Officers in Junior Management Grade I position at Federal Bank, follow these steps:
- Visit the Federal Bank Careers page.
- Click on the link ‘Recruitment Process for Officers in Junior Management Grade-I’.
- Click on ‘Apply Now’ to be redirected to the registration portal.
- Register by entering your valid mobile number, and email ID, and setting a password.
- Verify your registration using the OTPs sent to your mobile and email.
- Fill in your personal, academic, experience, and reference details as required in the registration portal.
- Upload your photograph and signature as per the specified guidelines.
- Click on ‘Proceed to Pay’, verify the application fee details, and complete the payment process.
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Application Fee
The table below details the application fee for different categories:
| Category | Application Fee |
|---|---|
| General/OBC | Rs. 700 |
| SC/ST | Rs. 140 |
Salary Expectations
The salary and benefits for Officers in Junior Management Grade I (Scale I) at Federal Bank are competitive and designed to attract top talent. The compensation details are as follows:
- Basic Pay: The starting basic pay is ₹48,480 per month, structured in the pay scale of ₹48,480 – 2000/7-62480 – 2340/2-67160-2680/7-85920.
- Allowances: Officers are entitled to various allowances, including:
- Dearness Allowance (DA)
- Lease Rental/House Rent Allowance (HRA)
- City Conveyance Allowance
- Medical Allowance
- Other allowances and perquisites as per the bank’s policies.
- Cost to Company (CTC): The annual CTC ranges between ₹12.21 lakh and ₹16.31 lakh. The exact amount depends on the place of posting and other factors.
- Take Home Pay: The approximate take-home pay is ₹80,500 per month. This amount is exclusive of statutory deductions such as Income Tax, Professional Tax, National Pension System (NPS), etc.
Selection Process of Federal Bank Recruitment
The selection process is thorough to ensure that only the best candidates are chosen:
- Initial Screening: Applications are reviewed for completeness and adherence to eligibility criteria.
- Online Aptitude Test: Candidates must pass this test to qualify for the next stage.
- Group Discussion: This assesses the candidates’ ability to communicate effectively, work in a team, and think critically.
- Personal Interview: Conducted by a panel to evaluate the candidate’s overall fit for the role. This includes questions about the candidate’s background, experiences, and situational responses.
- Final Merit List: Based on performance in all stages, a merit list is prepared, and candidates are selected accordingly.
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