Know All About IDBI Executive promotion Policy-2022

IDBI Executive Promotion: IDBI (Industrial Development Bank of India) vide Advertisement No. 1/2022-23 has announced 1044 vacancies for the post of the executive (on contract). While this number can change, these recruitments will be on an all India basis. Online registration and payment of application fee/ intimation charges can be made between 3 June 2022 and 17 June 2022. The tentative exam date has been fixed for 9 July 2022. Candidates interested in applying for the post of IDBI Executive must first ensure that they are aware of the emoluments attached with this post, the related career prospects, conditions of service, and other important information related to this post. For example, it is important to know the career path that the executive will follow and what type of promotions to expect. This article will provide information on IDBI Executive Promotion, IDBI Executive job profile, career prospects, and promotions.

IDBI Executive Promotion

The executive (on contract) is a purely contractual appointment. Initially, the contract will be for a 1-year duration, and it could be reviewed for providing an extension on a year-to-year basis for a maximum of 2 years period. This will be done only if:

• the executive has shown satisfactory performance
• the executive has completed all the mandatory e-certifications
• there are vacancies available at that time

After the successful completion by the IDBI Executive of the contractual service period of 3 years, the appointee will now be eligible to be appointed to the bank as an Assistant Manager (Grade A). Such appointment shall be made through a process of selection that the bank will carry out. The appointment as Grade A shall be based on the policy that is prevailing in the bank at that time and the vacancies available at that time. 

It is important to note that the IDBI Executive’s contractual period of service will not get counted for any terminal benefits/ superannuation/ employment continuation/seniority, etc. if the appointee is considered for being appointed in the bank’s services at a future time as a regular, full-time employee of the bank.

IDBI Executive promotion: Career Prospect

The Notification for the recruitments of IDBI Executive (on contract) provides the emoluments available to the executive, the associated career prospects, as well as the conditions of service.

The Notification clearly states that the appointment of the Executive shall be on a contractual basis only. To begin with, the contract would hold good for a one year term. It might be reviewed to see if it is extendable on a year-to-year basis for a two years period, but only if the performance is satisfactory, the candidate has completed all of the required re-certifications that were mandatory, there are vacancies available at that time, and other criteria that may be relevant.  

When an appointed executive completes three years after appointment in that contractual service, the appointee will be eligible for being appointed to the post of Assistant Manager (Grade A) in the Bank. This appointment will be made via a process of selection that the IDBI Bank will conduct.   

Any appointment thus made as Grade A will have to be based on the Bank policy that is prevalent at that time and the availability of vacancies at that specific time.

The executive’s service period on a contract will not be added as part of terminal benefits/ superannuation/ employment continuation/ seniority, etc., if the bank considers the appointee for appointment in the Banks services as a full time, regular employee at some time in the future. Nevertheless, the appointee shall be covered under the IDBI Bank Ltd. New Pension Scheme (IBLNPS).

IDBI Executive promotion: Job Profile

The post of the IDBI Executive that has been announced vied Advertisement No 1/2022-23 is for contractual appointment only. 

Candidates appointed to the post of IDBI Executive (on contract) will have one of the 2 job profiles:

• CSE – Customer Service Executive
• TSE – Teller Service Executive

The Job profile of an IDBI Executive (on contract) as CSE is to assist the IDBI Assistant Manager.

Job Responsibilities of a Customer Service Executive 

Some of the duties of a CSE are to:

• handle the front desk
• take care of non-financial requests
• update changes
• update contact details
• update transfer of funds
• handle cheque clearance
• clear bank suspense account

The job profile of the IDBI Executive (on contract) as TSE will be the same as that of a Bank Cashier. In this role, the TSE is required to work at the Teller counter, handling transactions.

All through the period of the contract, the bank can post the appointee at any business unit, office, department, or branch of the bank or subsidiaries of the bank, or the bank’s associate institutions at the discretion of the bank or as the requirement arises. 

Conclusion

Vacancies have been announced for the post of IDBI Executive (on contract) for 1044 posts.   The prospects for learning and promotion are very good with this Government Bank. The online registration and form filling will begin soon. And the online Examination will be conducted on 9 July 2022. This is a much-coveted appointment that can lead to a full regular appointment with the Bank as Assistant Manager (Grade A).

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