Are you passionate about the housing sector and looking for a stable career with a reputed organization? Look no further. The National Housing Bank (NHB) has just announced its 2024 recruitment drive, offering a gateway to a rewarding professional journey. The NHB is the apex housing finance institution in India, established with the primary objective of promoting a robust housing finance system in the country. It plays a crucial role in supporting and regulating housing finance companies, ensuring the availability of housing credit for all segments of society.
This year, NHB has opened its doors for talented individuals to join their team across various positions. If you possess the necessary skills and qualifications, this is an excellent opportunity to contribute to the nation’s housing development goals while building a fulfilling career at a prestigious organization.
In the coming sections we will explore the important dates, eligibility criteria, exam pattern and selection process and other important highlights of the NHB 2024 Notification.
NHB 2024 Important Dates
The NHB 2024 notification states that for 2024, the organization is inviting applications from suitable candidates for around 48 vacancies (this number is subject to change as per NHB discretion). The application for these posts will start on June 29, 2024, and end on July 17, 2024. The applications will only be accepted in online format. Those who wish to apply should submit their applications at www.nhb.org.in. .
According to the NHB Notification of 2024, interested candidates should take note of the following dates:
| Events | Dates |
| Cut-off date for eligibility criteria | 01.07.2024 |
| Website link open for Online registration of Applications and payment of fees/ intimation charges | 29.06.2024 |
| Last date for online registration of Applications and payment of fees/intimation charges | 19.07.2024 |
| Download of e-Call Letter | To be uploaded |
| Conduct of Interview | To be uploaded |
| Declaration of Final Result | To be uploaded |
The NHB strongly advises candidates to regularly check their registered email ids and the official NHB website for new updates and changes in existing dates.
NHB 2024 Vacancies
The National Housing Bank (NHB) has unveiled a recruitment notification for 2024, offering many opportunities for aspiring candidates looking to make a mark in the banking sector, particularly within the niche of housing finance. The 2024 National Housing Bank (NHB) vacancies include both regular and contractual posts.
There are a total of 48 posts that the NHB is inviting applications for this year. The vacancies announced are diverse, catering to various levels of expertise and experience, from entry-level positions to senior management roles. At the top of the vacancies are positions for General Managers (Scale – VII) in Project Finance with only one vacancy this year. The NHB Assistant General Managers (Scale-V) in Credit post is next in line, focusing on credit appraisal, policy formulation, and ensuring compliance with regulatory guidelines also with only one vacancy this year.
Refer to the table below to understand the nature of vacancies at NHB this year.
| Post | Number of Vacancies |
| Project Finance General Manager | 1 |
| Credit Assistant General Manager | 1 |
| Credit Deputy Manager | 3 |
| Generalist Assistant Manager | 18 |
| Chief Economist (on Contract / Deputation) | 1 |
| Senior Project Finance Officer | 10 |
| Project Finance Officer | 12 |
| Protocol Officer-Delhi | 1 |
| Application Developer | 1 |
It is noteworthy that the vacancies are spread across different categories, including Scheduled Caste (SC), Scheduled Tribe (ST), Other Backward Classes-Non-Creamy Layer (OBC-NCL), Economically Weaker Sections (EWS), and Unreserved (UR), with specific quotas for each category. Additionally, there are provisions for age relaxation and reservation for Persons with Benchmark Disabilities (PwBD) and ex-servicemen, ensuring inclusivity and diversity within the workforce.
The total number of vacancies mentioned in the notification is provisional and may increase or decrease based on the actual requirement of the bank. NHB reserves the right to draw wait lists and consider candidates from these lists to meet the actual requirement, which underscores the importance of a strong application and performance in the selection process.
NHB 2024 Eligibility
To have a chance at the lucrative career opportunities offered by the NHB, candidates must ensure they meet the eligibility criteria outlined in the official notification. Candidates must fulfill all eligibility conditions for admission to the examination/interview.
The applying candidate must be an Indian citizen for their candidature for the applied post to be considered. The age wise eligibility for 2024 NHB posts is as follows.
| Post | Age Limit (Minimum) | Age Limit (Maximum)* |
| Chief Economist (on Contract/Deputation) | – | 62 Years |
| General Manager (Scale – VII) | 40 Years | 55 Years |
| Assistant General Manager (Scale-V) | 32 Years | 50 Years |
| Dy. Manager (Scale – II) | 23 Years | 32 Years |
| Assistant Manager (Scale-I) | 21 Years | 30 Years |
| Senior Project Finance Officer (on Contract) | 40 Years | 59 Years |
| Project Finance Officer (on Contract) | 35 Years | 59 Years |
| Protocol Officer (on Contract) | 50 Years | 62 years |
| Application Developer (on Contract) | 23 Years | 32 Years |
In addition to the above-mentioned age limits, there are provisions of age relaxations for unreserved categories and other kinds of applicants, ranging from 5 to 15 years. However, for the post of Chief Economist the age relaxation is not applicable.
Each post within the NHB 2024 notice has its own educational qualification, professional qualification and minimum post qualification experience. The NHB Assistant General Manager eligibility criteria is as follows:
- A Bachelor’s degree (full-time) in any field from a recognized university with a minimum score of 60% (55% for SC/ST/PwBD candidates).
- A Master’s degree (full-time) in any field from a recognized university with a minimum aggregate score of 55% (50% for SC/ST/PwBD candidates).
- A qualification equivalent to the above degrees as recognized by the Central Government.
- A professional qualification of Chartered Accountant (CA), Cost and Management Accountant (CMA), or Company Secretary (CS).
If you are applying for the NHB Assistant Manager post, you must possess a valid mark sheet, degree certificate, or professional qualification certificate proving your graduation, post-graduation, CA, CMA, or CS qualification (whichever applies) as of July 1, 2024. You will also need to indicate the percentage of marks obtained in your chosen qualification while registering online.
For other posts, as the seniority increases, the more the number of years of experience they look for. To get a detailed look at the education and professional eligibility criteria of the post you are applying for, check out the notification on the official website.
NHB 2024 Selection Criteria
The NHB 2024 has different selection criteria for different posts. For the NHB Assistant Manager post, candidates will have to go through two levels of assessment. The first will be a written exam with objective and descriptive questions. Once candidates qualify for this written test they will progress to the interview round. The performance in the interview and test combined will determine the status of a candidate’s selection to NHB.
The selection for positions other than Chief Economist (on Deputation) will involve shortlisting and an interview. If a large number of eligible candidates apply, the bank will conduct a preliminary screening of applications to shortlist candidates for the interview.
For the Deputy Manager (DM) position only, if there are a high number of applications, the bank may conduct an online qualifying exam. Only candidates who clear this exam will be called for the interview. Selection will be based on a combination of factors: educational qualifications, professional qualifications, post-qualification experience, and interview performance. Candidates need to secure minimum marks in both the interview and a final overall score to be considered for the final ranking. Ultimately, the selection will be based on your position in the respective category rank list for the specific post you applied for.
NHB JMGS-I, Assistant Manager (Generalist) Exam Pattern and Syllabus
The NHB JMGS-I, Assistant Manager (Generalist) Exam Pattern is designed to assess the candidate’s aptitude, reasoning ability, general awareness, and quantitative skills. The online examination will consist of two parts: an Objective Test and a Descriptive Test. The Objective Test is further divided into four sections: Reasoning, General Awareness, English Language, and Quantitative Aptitude.
The syllabus for the NHB Assistant Manager (Generalist) exam is as follows:
| Topic | Type | No. Of Questions |
| Reasoning and Computer Aptitude | Objective | 45 |
| General Awareness (with special focus on Economy & Banking) and Computer Knowledge. | Objective | 50 |
| English Language | Objective | 25 |
| Quantitative Aptitude (with special emphasis on Data analysis and interpretation) | Objective | 35 |
| English Language (Letter Writing and Essay) | Descriptive | 2 |
Each section is allotted a specific number of questions and maximum marks, with separate timing for each section. The total duration of the Objective Test is 3 hours. The Descriptive Test, which is of qualifying nature, is conducted immediately after the Objective Test and evaluates the candidate’s English Language skills through letter writing and essay writing, with a duration of 30 minutes.
The exam has negative marking for each mark allotted to a question, 1/4th of it is deducted in case of an incorrect choice. Candidates must achieve a minimum score in each section of the Objective Test and a minimum overall score on the same test.
Based on the number of available positions, cut-off scores will be determined for the Objective Test. Only candidates who meet these cut-offs will be shortlisted for the interview. Please note that your scores from both the online exam and interview phases will not be disclosed until the entire selection process is complete. To help you prepare for the NHB Assistant Manager exam, ixamBee offers aspiring candidates its NHB Online Course, mock tests, and previous year question papers to ensure success in the upcoming exam.
NHB JMGS-I, Assistant Manager (Generalist) Interview
A merit list by category will be made based on total marks from the Objective Test. The cut-off for interview shortlisting will depend on the number of spots, decided by the Bank. The names of candidates moving to the interview round will be posted on the NHB website. Interviews will only take place at the NHB head office in New Delhi.
Time and date details for the interview will be sent to those shortlisted through an e-Call Letter, which must be downloaded from the NHB’s official website www.nhb.org.in. Requests for changes in the interview schedule will not be accepted. Yet, the Bank holds the right to alter interview details or conduct additional processes if needed, based on specific conditions. Candidates can choose to interview in either Hindi or English.
Interviews carry 50 marks. The pass marks for the interview will be set by the Bank. The weightage of the Online Examination and Interview is 80:20. The final merit list comes from combining scores from both the Online Exam and the Interview. To be considered for final selection, a candidate must pass both stages and rank high on the merit list.
Conclusion
In conclusion, the National Housing Bank’s recruitment notification for 2024 offers a range of exciting career opportunities for candidates looking to enter or advance within the housing finance sector. With a clear understanding of the important dates, vacancies, eligibility criteria, exam pattern, and selection process, applicants can prepare effectively for the recruitment process. The NHB has provided a detailed roadmap for candidates to follow, ensuring transparency and fairness in the selection of new talent. Whether you are a seasoned professional or a fresh graduate, the NHB recruitment 2024 presents a promising opportunity to contribute to the growth and development of the housing finance industry in India. Good luck to all applicants!
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