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Indian Overseas Bank Manipal School of Banking (IOBMSB) PGDBF Programme

About the Programme
Indian Overseas Bank and Manipal School of Banking (IOBMSB) joined together to attract young graduates in to IOB by imparting them with the necessary knowledge and skills required for all round bankers through the 1 year Post Graduate Diploma in Banking and Finance course.

On successful completion of the programme, the programme participants would be awarded a Postgraduate Diploma in Banking & Finance (PGDBF) by Manipal University and would be absorbed as Probationary Officers in Indian Overseas Bank

Eligibility Criteria (as on the date mentioned in notification)
Education Qualifications: Graduation from a recognised University/Institution with minimum 60% Marks. (For Candidates belonging to SC/ST/PC category minimum 55% Marks)

Age: Minimum 20 years - Maximum 28 years.

Selection Process:
Selection will be based on Aptitude Test, Group Discussion and Personal Interview. The online aptitude test pattern for the recruitment process consists of 5 sections as given below:


Name of the Test

Number of Questions

Max. Marks






120 minutes or 2 hours


English Language




Quantitative Aptitude




General awareness (with special reference to banking industry)




Computer Knowledge







Note: There will be negative marks at the rate of 0.25 for wrong answers.

Personal Interview: All the applicants who successfully clear the Objective test will be invited for a Personal Interview.

Course Fee:
The fees for this Course will be Rs.3.30/- lakhs (all inclusive of Boarding, Lodging and course fees, other fees, etc.) plus service taxes, as applicable to be paid by the selected candidates.

Note: The candidates selected for training can finance the Course fees by availing an Educational Loan under IOB Vidya Jyoti Educational Loan Scheme.

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 the services of the Bank as per the rules of the Bank.

A stipend amount will be paid to the students during the entire duration of the one year course Rs. 2,500/- p.m. during the nine months Campus period, and Rs. 10,000/- p.m. during the internship period.

After successful completion of the Post Graduate Diploma in Banking and Finance in the Indian Overseas Bank Manipal School of Banking and subsequent placement in IOB, candidates will draw a salary as applicable to Junior Management Grade/ Scale I which is presently in the scale of Rs.14500 - 600 /7 – 18700 - 700/2 - 20100 - 800/7 - 25700 plus DA, HRA, CCA as per rules in force from time to time.

Service Bond:
Candidates selected for appointment will be required to execute a Financial Service Bond for rendering service for a minimum period of 5 years. The amount of the Financial Service Bond presently is Rs. 2,00,000/- along with liquidation of the loan amount at commercial rate of interest (if any) and the stipend received during the training period.

For Details go through..  
Published date : 02 Nov 2015 11:18AM

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