SIB PO Recruitment 2018 – PGDBF [100 Vacancies]

SIB PO Recruitment 2018 – PGDBF [100 Vacancies]

Dear Bank Exam Aspirants,

South Indian Bank has released an yet another notification for the post of Probationary Officers (PO) with an offer to one year Post Graduate Diploma in Banking and Finance course in Manipal Global Education Services Pvt. Ltd. (MaGE), Bangalore.

South Indian Bank which is one of India’s Premier commercial Banks has invited the applications from vibrant candidates who fulfill the prescribed eligibility criteria.

Previously, South Indian Bank has conducted the Online Examination for the post of Probationary Officers (PO) which is a direct recruitment process for the branches of South Indian Bank. The Exam of South Indian Bank PO 2018 was conducted on 17th June 2018.

Total Number of Vacancies – 100

Important Dates – SIB PO 2018

Apply Online from 20-June-2018

Last Date to Apply Online: 27-June-2018

Download Call Letter from 03-July-2018

Last date to download Exam Call Letter: 06-July-2018

Date of Online Test: 07-July-2018 

SALARY , EMOLUMENTS & INCENTIVES – SIB PO 2018

Salary Pay Scale: Rs. 23700– 980/7 – 30560- 1145/2 – 32850- 1310/7 – 42020 +DA + HRA & other allowances

The loyalty bonus of Rs.3,50,000/- shall be paid to the officers as annual installments from the end of the 5th year up to the end of 10th of the year of continuous service in the Bank based on the satisfactory performance of the candidates and recommendation from the Performance Evaluation Committee.

The students will have to pay a sum of Rs 3,000/- p.m. for 8 months of classroom training and an amount of Rs 15,000/- p.m. during internship period of 4 months

PROBATION – SIB PO 2018

The period of probation is 2 years (inclusive of one-year course period). Confirmation will be subject to satisfactory performance during probation.

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SIB PO 2018 - Eligibility Criteria:

EDUCATIONAL QUALIFICATION – SIB PO 2018

Aspirants who wish to apply for the post of Probationary Officers should have completed X/ SSLC, XII/ HSC & Graduation with minimum 60 % marks under regular course.

The Educational Qualification should be considered as on 31.12.2017. (So aspirants who have graduated in the above-said date can apply).

Minimum Percentage: 60% Marks

Candidates who are meeting the requisite educational qualification as on 31.12.2017 only will be eligible to Apply.

Candidate should have passed X, XII, and Graduation under regular course (full-time course) from a recognized University/ Institute recognized by the Govt. of India. Educational qualification by mode of distance education will not be considered.

If Grade/ CGPA is awarded instead of marks, only candidates securing CGPA/ Grade equivalent to 60% or more may apply. The equivalent percentage should be mentioned at the time of application.

Those who have scored less than 60% marks will not be eligible for applying. Rounding off to the nearest integer is not allowed. (for e.g. 59.99 % cannot be rounded off to 60 % ).

AGE LIMIT – SIB PO 2018

Less than 25 years as on 31.12.2017.

Candidate should be born not earlier than 01.01.1993 and not later than 31.12.1998 (both days inclusive).

Upper age limit will be relaxed by 5 years in the case of SC/ST candidates.

PROGRAMME AND COURSE FEE - SIB PO 2018

Rs. 3.50 Lakhs (includes Boarding, Lodging and Course Fees, Other Fees, etc.) + Taxes 

FINANCING/ LOAN OPTIONS:

All the candidates selected for the program will be eligible for availing educational loan facility provided by the Bank.

The EMIs for the loan would start from the month of joining the Bank.

There would be no recovery of EMIs or interest during the One year course period and the interest accrued during this course period of one year would be recovered along with the normal EMIs.

The EMIs are spread over a period of 84 months (7 years) to ensure that there is minimal impact on the monthly earnings of the Probationary Officer.

SELECTION PROCEDURE – SIB PO 2018

The Selection Procedure for the South Indian Bank PO Recruitment 2018 – PGDBF Manipal shall be selected through the following phases of exams.

PHASE I – Online Test 

PHASE II – GROUP DISCUSSION / (or/and) Personal Interview

Admission to the One-year full-time postgraduate diploma course in Banking and Finance from Manipal Academy of Higher Education(MAHE) (Deemed to be University) to be conducted at Manipal Global Education Services Pvt. Ltd, Bangalore (MaGE) comes with the assured Banking career with South Indian Bank on successful completion of the course.

Exam Pattern – SIB PO 2018

The Exam Pattern of South Indian Bank PO 2018 Recruitment 2018 – PGDBF Manipal is different from that of that of the previous South Indian Bank PO – Direct Recruitment for the Branches through Online Exam and Personal Interview. The Number of Questions and Total Marks differs from that of the previous exams.

Sr. No. Name of Tests No. of Qs. Max. Marks  Version Time allotted for each test (Separately timed)
1 Reasoning & Computer Aptitude 35 35 Only in  English 35 minutes
2 General/ Economy/ Banking Awareness 35 35 15 minutes
3 English Language 35 35 35 minutes
4 Quantitative Ability & Data Interpretations 35 35 35 minutes
  Total 140 140 120 minutes

Please note that Initial Shortlisting will be done based on the online test. 

Final Selection will be based on the consolidated marks obtained for the online test, GD, and Personal Interview.

Bank reserves the right to make required modifications in the selection process considering the number of applications for the

Application Fee – SIB PO 2018

General: Rs. 800/-

SC / ST: Rs. 200/-

*Excluding GST and other charges

SIB PO 2018 – Official Links

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