Federal Bank Recruitment 2023 | Clerk/Officer | Any Degree | Last Date: 15 July 2023

Federal Bank, one of the premier private sector Banks in the country is on the lookout for young, talented and dynamic individuals who are passionate about building a professional career in Banking to team up as Officer in Junior Management Grade I (Scale I).Eligible candidates who aspire to be future industry leaders and possess the right skills and attitude to excel in relationship banking and client facing roles shall apply online between 26.06.2023 and 15.07.2023 (both days inclusive) through the ‘Careers’ page of Bank’s website www.federalbank.co.in after carefully going through the instructions.

Important Dates:

Date of Notification 26th June 2023

Last Date of Application 15th July 2023

Proposed Dates of Mock Assessments 23rd July 2023 to 25th July 2023

Proposed Date of Online Aptitude Assessment 30th July 2023

Scale of Pay and Other Emoluments 

Presently the starting Basic Pay applicable to Officers (in Scale I) is `36,000 in the scale of pay `36,000 - 1490/7 - 46430 – 1740/2 - 49910 – 1990/7 – 63840. 

The official will also be eligible for DA, Lease rental/HRA, CCA, 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 `10.29 Lakh and maximum of `13.98 Lakh depending upon the place of posting and other factors. The Take Home Pay will be approx. ₹68,000 per month (excluding statutory deductions like Income Tax, Profession Tax, NPS etc).

Candidates selected for the post of Officer in Junior Management Grade I shall be posted in any of the Branches/Offices of the Bank depending upon the administrative requirements.

4. Period on probation 

Candidates selected as Officer in Junior Management Grade I will be on probation for a period of 2 years.

Who Can Apply

• Post Graduates with 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 ofP arliament 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 shall not exceed 27 years as on 01.06.2023 (candidates should be born on or after 01.06.1996) for being eligible to apply for the selection process. Age of SC/ST candidates shall not exceed 32 years as on 01.06.2023 (candidates should be born on or after 01.06.1991).

• Candidates shall be a citizen of India.

 Candidates who are passing/passed out Post-Graduation in the academic year 2022-2023 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 aggregate of 60% as on 01.06.2023 and all the papers pertaining to subsequent semester(s) should be cleared along with the results of final year/semester examination. The final year/semester examination shall be cleared in the first chance.

• Work experience in Banking, Financial Services and Insurance (BFSI) sector is desirable.

• Graduation course must entail a minimum of 3 years of education after completing higher secondary schooling or Diploma.

• Post-Graduation course must entail a minimum of 2 years of education after completing Graduation. 

• The aggregate percentage obtained by the candidate would be ascertained based on the practice followed by the Board / University / Institution. In case of the candidates being awarded Grades / CGPA or any other metrics system, percentage would be based on the equivalence certified by the Board / University / Institution.

• Year wise / semester wise mark sheet for each year / semester in respect of the qualifying examinations from the concerned Board / University / Institution should be made available. 

• Minimum aggregate percentage prescribed for the examinations is not allowed to be rounded off. (For example: A candidate who secured an aggregate of 59.99% or grade point equivalence will not be permitted to appear for the selection process as the minimum stipulated aggregate is 60%). 

• Candidates should ensure that they are eligible to participate in the selection process as per the eligibility criteria stipulated by the Bank. If at any stage it is found that the candidate is ineligible, his / her candidature is liable to be cancelled at any stage, without notice and compensation.

• Bank reserves the right to raise / modify the minimum eligibility standard/ other norms etc. to restrict the number of candidates to be included in the selection process.

• Decision of the Bank in all matters regarding eligibility of the candidate, the stages at which such scrutiny of eligibility is to be undertaken, the documents to be produced at the time of Online 

Aptitude Assessment, Potential Assessment through Group Discussion / Preliminary Interaction, Document Verification, Personal Interview, Selection etc. and any other matter relating to the selection process will be final and binding on the candidates. No correspondence or personal enquiries will be entertained by the Bank in this regard

Selection Rounds

• 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 as decided by the Bank.

• Every selection round will be an elimination stage. 

• The Bank reserves the right to shortlist only the requisite number of candidates in the selection rounds based on the administrative requirements.

• Online Aptitude Assessment, Potential Assessment through Group Discussion / Preliminary 

Interaction will be conducted virtually (Online) and the Personal Interview will be conducted across various interview centers if it is not conducted in virtual mode. The mode of the selection process will be depending 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 the same will not be disclosed.

• Decision of the Bank with respect to the qualifying criteria in each selection round will be final and binding on the candidates and the same will not be disclosed.

7. 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 

`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).

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