Indian Overseas Bank SO Highlights 2024
Established in 1937, the Indian Overseas Bank (IOB) stands as a stalwart in India's banking landscape. With a rich history and a commitment to financial inclusion, IOB has expanded its reach globally. Operating in multiple countries, it serves as a bridge connecting the Indian diaspora to banking services. The bank has embraced technological advancements to offer a range of digital services, ensuring convenience for customers. Known for its customer-centric approach and diverse product offerings, the Indian Overseas Bank remains a key player in fostering economic growth and financial stability, both domestically and internationally.
In its recent recruitment announcement, Indian Overseas Bank invites applications from skilled and seasoned professionals to fill 66 Specialist Officer positions across MMG Scale II, III, and SMG Scale IV. These vacancies span various roles, reflecting the diverse opportunities available. Aspiring candidates can apply to contribute their expertise to the dynamic environment of Indian Overseas Bank, with positions ranging from MMG Scale II to SMG Scale IV, showcasing the bank's commitment to recruiting talent across different hierarchical levels.
Let’s go through the highlights of the Indian Overseas Bank exam 2024 before we proceed.
IOB SO Highlights 2023
| Conducting Authority | IBPS |
|---|---|
| Official Website | https://www.onlinesbi.com/ |
| Name of the Posts | Specialist Officer (SO) |
| Mode of application | Online |
| Stages of Exam | Three Stages-
|
| Maximum marks & Time duration |
|
| Online Registration of Applications and Payment of Fees / Intimation Charges | November 06, 2023 to November 19, 2023 |
| Download of Preliminary Examination Call Letters | To be Notified later |
| IOB SO Phase 1 (Preliminary) Online Examination | To be Notified later |
| IOB SO Phase 1 (Preliminary) Online Examination Result | To be Notified later |
| IOB SO Phase 2 (Mains) Admit Card | To be Notified later |
| IOB SO Phase 2 (Mains) Online Examination | To be Notified later |
| Declaration of Result of Main Examination | To be Notified later |
| IOB SO Interview | To be Notified later |
| Declaration of Final Result | To be Notified later |
| Number of Vacancies | 66 |
| [Click Here for IOB SO Official Notification 2023 PDF] | |
Indian Overseas Bank SO Notification 2024
The Indian Overseas Bank has released the Indian Overseas Bank SO notification 2024 on its official website. A total of 66 vacancies across multiple domains presents an enticing prospect. From November 06, 2023, eligible candidates can submit applications for the Indian Overseas Bank Specialist Officer recruitment until November 19, 2023.
Potential candidates should meticulously scrutinize the eligibility criteria outlined in the official Indian Overseas Bank Specialist Officer recruitment notification 2024 to ensure adherence. Crucial aspects like age limits, educational qualifications, and nationality specific to Indian Overseas Bank Specialist Officer roles should be validated before application submission. Hence, thoroughly examining the Indian Overseas Bank Specialist Officer recruitment notification 2024 is imperative for a smooth application process.
Indian Overseas Bank Vacancy 2024
Recently disclosed, the Indian Overseas Bank Specialist Officer notification for 2024 unfolds opportunities for aspirants targeting MMG Scale 2, 3, and SMG Scale 4 in diverse fields. The revelation of 66 vacancies across these dynamic sectors adds a delightful dimension, creating an exhilarating prospect for potential candidates.
The Indian Overseas Bank SO vacancies 2024 are categorized into general and reserved segments, offering a unique opportunity for individuals to commence a career journey with the bank. The application portal for these Specialist Officer positions is active, presenting a thrilling chance for qualified individuals to assume varied roles and contribute to the organizational expansion. The detailed breakdown of Indian Overseas Bank Specialist Officer vacancies 2024 is provided below.
| Post Name | Grade | Vacancy |
|---|---|---|
| Manager (Law) | MMGS II | 8 |
| Senior Manager (Law) | MMGS III | 2 |
| Manager (IS Audit) | MMGS II | 3 |
| Senior Manager (IS Audit) | MMGS III | 2 |
| Manager (Security) | MMGS II | 3 |
| Chief Manager (Risk) | SMGS IV | 2 |
| Manager (Civil) | MMGS II | 2 |
| Manager (Architect) | MMGS II | 2 |
| Manager (Electrical) | MMGS II | 2 |
| Manager (Treasury) | MMGS II | 2 |
| Manager (Credit) | MMGS II | 20 |
| Manager (Marketing) | MMGS II | 5 |
| Manager (Human Resources) | MMGS II | 2 |
| Senior Manager (Human Resources) | MMGS III | 1 |
| Manager (Full Stack Developer) | MMGS II | 2 |
| Manager (Finacle Customization) | MMGS II | 1 |
| Manager (DB Admin/ OS Admin) | MMGS II | 2 |
| Manager (Data Center Administrator) | MMGS II | 1 |
| Manager (Testing and Digital Certificate) | MMGS II | 1 |
| Manager – Digital Banking (IB, MB, UPI & IOBPAY) | MMGS II | 1 |
| Manager - Digital Banking (RTGS & NEFT) | MMGS II | 1 |
| Manager – Digital Banking (Debit Card, Switch & DCMS) | MMGS II | 1 |
| Total | - | 66 |
How to Apply for IOB SO Exam 2024
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Begin by visiting the Indian Overseas Bank's website at"iob.in " and click the"Careers" Page. Open the link titled “Recruitment of Specialist Officers – 2023-24 ” and choose the desired post. Click on the"Register Online" link.
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Initiate the process by first registering online. Click on “Click here to Register Online.”
- After successful registration, candidates will receive an email containing the Registration Number and Password for the online application. Keep these credentials for future reference.
- Proceed by clicking on the menu labeled “Click here to Apply Online.”
- Enter all necessary details in the online application form.
- Upload a photograph and signature following the specifications in the Guidelines for Scanning and Upload of Photograph and Signature (Annexure I).
- Carefully fill in the details in the Online Application, then click"SUBMIT." To verify each field before submitting, use the"RECHECK"/ “PREVIEW” button.
- A message displaying “Application Successfully Submitted” will appear upon successful submission.
- Click on the “Upload Relevant Documents” Menu to submit Birth Certificate, Degree (UG/PG), Work Experience Certificate, and No Objection Certificate (if applicable) from the Employer
Indian Overseas Bank Application Fee
Following the successful submission of the Indian Overseas Bank Specialist Officer 2024 application form, the subsequent crucial step involves remitting the Indian Overseas Bank Specialist Officer application fee. Candidates falling under the General, OBC, and EWS categories are required to pay the application fee, along with applicable bank charges (if any), using the online transfer mode during the online application submission. SC/ST/PwBD candidates are only obligated to pay the intimation charges.
It's important to note that no other payment method for the application fee will be entertained. The application fee, once paid, is non-refundable under any circumstances. Candidates are strongly advised to confirm their eligibility before proceeding with the payment. The details of the Indian Overseas Bank SO application fee are outlined in the table below.
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Indian Overseas Bank Admit Card 2024
The Indian Overseas Bank Specialist Officer admit card 2024 will be obtainable on the bank's official website a few days before the Indian Overseas Bank SO exam 2024. The Indian Overseas Bank Specialist Officer call letter 2024 will contain vital information such as the Indian Overseas Bank Specialist Officer exam date 2024, exam timing, and the designated examination center. Candidates are required to download and print the admit card from the website, as no physical copy will be sent via mail. The admit card serves as a valid identity proof and authorization for exam attendance. It is crucial to follow all instructions on the admit card and arrive at the exam center well in advance to avoid any last-minute complications. The Indian Overseas Bank Specialist Officer admit card holds significant importance, and candidates should ensure its safekeeping until the completion of the examination process.
Indian Overseas Bank Exam Pattern & Syllabus 2024
Before embarking on exam preparation, it's crucial to review the Indian Overseas Bank exam pattern for 2024 . The selection process includes an Online Examination and an Interview. Familiarizing yourself with the exam language and understanding the marking scheme are also essential steps in ensuring a well-rounded and effective preparation strategy.
The subsequent phase involves thoroughly reviewing the Indian Overseas Bank Specialist Officer syllabus 2024 . Understanding the Indian Overseas Bank Specialist Officer syllabus is the primary and most crucial step in commencing your exam preparation. A comprehensive grasp of the detailed Indian Overseas Bank Specialist Officer syllabus is key to performing well in the exam. Hence, acquiring the Indian Overseas Bank Specialist Officer syllabus for 2024 is imperative, signaling the commencement of your preparation journey.
Indian Overseas Bank Eligibility Criteria
Prospective candidates must thoroughly grasp the Indian Overseas Bank Specialist Officer 2024 eligibility criteria before embarking on the application process. A clear understanding of these criteria is vital to ensure a smooth application and avoid disqualification or cancellation of candidature.
The Indian Overseas Bank Specialist Officer eligibility criteria include nationality, educational qualifications, age limits for Indian Overseas Bank SO, and provisions for age relaxation. Candidates are strongly advised to meticulously review the official notification to confirm their eligibility for the Indian Overseas Bank Specialist Officer exam in 2024.
Educational Criteria (As on November 01, 2024)
To qualify for the Indian Overseas Bank Specialist Officer exam in 2024, candidates must meet the specified educational qualifications.
| Post Name | Educational Qualifications | Work Experience |
|---|---|---|
| Manager (Law) | Full Time Degree in Law | Enrolled as Advocate with Bar Council and 2 years of experience as practicing Advocate plus 3 years of work experience as Law officer in the legal department of a Schedule Commercial Bank/ Private Sector Bank/ NBFCs (or) 5 years of work experience as Law Officer in the legal department of a Schedule Commercial/ Private Sector Bank/ NBFCs |
| Senior Manager (Law) | Full Time Degree in Law | Enrolled as Advocate with Bar Council and 2 years of experience as practicing Advocate plus 5 years of work experience as Law officer in the legal department of a Schedule Commercial Bank/ Private Sector Bank/ NBFCs (or) 7 years of work experience as law Officer in the Legal department of Schedule Commercial Bank/ Private Sector Bank/ NBFCs |
| Manager (IS Audit) | Full Time B.E. / B. Tech Degree or Post Graduate Degree in Computer Science/ Computer Technology/ Computer Science & Engineering/ Computer Engineering /Information Technology/ Electronics & Communication/ Information Security/ Cyber Security. Preference will be given to candidates who possess CISA/ DISA Certification. | Candidate with work experience in BFSI Sector in handling various IS Audit. 02 years of experience in IS Audit domain. Experience in Cyber Security, Ethical Hacking, Audit/ Security tools are Preferred |
| Senior Manager (IS Audit) | Full Time B.E. / B. Tech Degree or Post Graduate Degree in Computer Science/ Computer Technology/ Computer Science & Engineering/ Computer Engineering / Information Technology/ Electronics & Communication/ Information Security/ Cyber Security. Preference will be given to candidates who possess CISA/ DISA Certification. | Candidate with work experience in BFSI Sector in handling various IS Audit. 04 years of experience in IS audit domain. Experience in Cyber Security, Ethical Hacking, Audit/ Security tools are Preferred. |
| Manager (Security) | Full Time graduation in any discipline | An officer not below the rank of Captain of Indian Army or equivalent rank in Indian Navy/ Air Force, with a minimum of 5 years of commissioned service. (or) An officer not below the rank of Asst. Superintendent/ Deputy Superintendent/ Asst. Commandant/ Deputy Commandant of Indian Police/ Para Military Forces with a minimum of 5 years’ service post training, as an Officer in such Force. |
| Chief Manager (Risk) | Full Time Graduate in any discipline and Full Time Postgraduate (desirable) in Mathematics / Statistics/ Economics/ Commerce (or) Full Time MBA in Finance (or) Full Time MCA (or) CA/ ICWA CAIIB and Certificate Course in Risk Management from IIBF/ NIBM - Mandatory Financial Risk Management (FRM)/ Professional Risk Manager (PRM), Chartered Financial Analyst (CFA), Advance Excel Management, R and Python (hands on experience) - Desirable | 8 years of experience in Bank in Officer’s Cadre out of which 3 years of experience in Risk Management Department. |
| Manager (Civil) | Full Time B.E./ B. Tech Degree in Civil Engineering. | 5 years of experience in construction/ maintenance of multistoried Commercial/ Residential Building involving RCC framed/ pile foundation construction, project planning and control involving experiences in design and preparation of cost estimate for construction work, checking of contractor’s bills and experience in other infrastructure facilities like plumbing, drainage works, etc. in Govt./ Semi. Govt. Dept. or institutions/ Public Sector Undertakings/ Listed corporate or its group companies. |
| Manager (Architect) | FullTime Bachelor’s Degree in architecture To have a valid registration of Council of Architect (CoA) To have knowledge of Auto CAD and should be conversant with Govt. guidelines pertaining to procurement of works, goods and services. | 5 years of experience in Planning, Designing, Supervision and execution of Multistoried Commercial/ Institutional/ Residential project along with interiors works and involving experiences in preparation of cost estimate for construction work in Govt./ Semi. Govt. Dept or institutions/ Public Sector Undertaking/ Listed corporate or its group companies. |
| Manager (Electrical) | Full Time B.E./ B. Tech Degree in Electrical Engineering. | 5 years of experience in maintenance of Electrical Substation of 2000 KVA Transformer capacity and above, Electrical Distribution System in Multistory Building, Projects and Maintenance of HVAC System, DG Sets, energy saving devices, starters, control panel, HT-LT switch gears, cabling lifts, etc. and also in preparation of tender specifications, evaluation and checking of contractor bills. Possessing valid Electrical Supervisors Certificate of Competency issued by Electrical Licensing Board. |
| Manager (Treasury) | Full Time Degree in any discipline. Preference will be given to applicants with post – graduation in Business/ Management/ Finance/ Banking | 2 years of work experience in Treasury Operation of Bank/ NBFC/ FI |
| Manager (Credit) | Full Time Bachelor's degree, with a background in finance, accounting or other related fields. Additional qualifications such as MBA (Finance) or CFA/CMA/CA and practical designations such as the Commercial Banking and Credit Analyst (CBCA) program will be given high preference | 3 years of experience in a Bank/ Financial Institution in underwriting MSME, Mid Corporate and Large Corporate Credit proposals |
| Manager (Marketing) | Full Time MBA – Marketing (or) PGDBM - Marketing (equivalent to MBA) | 3 years of experience in BFSI/ NBFC in the field of Marketing |
| Manager (Human Resources) | Full Time Graduate in any discipline and Full Time Post Graduate degree in Personnel Management / HR / HRD (or) Two Years Full Time Post Graduate Diploma Engineering) (or) MCA/ MSc (Computer Science)/ MSc (IT) | 4 years of experience in SCBs/ PSUs/ PSEs handling various areas of Human Resource Management/ Development 2. Skills and abilities in installing, configuring and managing various private/ Public cloud technologies 3.Networking 4.Virtualization 5.Project Management 6.Cloud Management 7.Customer Relationship Management 8.Storage 9.Saas |
| Manager (Testing and Digital Certificate) | Full Time B.E/ B. Tech/ M. Tech (in Computer Science & Engineering/ Information Technology/ Electronics & Communications/ Electrical & Electronic Engineering) (or) MCA/ MSc (Computer Science)/ MSc (IT) | 3 years of hands of experience in testing Skills Required: 1.Knowledge and hands on experience in Test Automation Tools like UFT/ QTP, Selenium/ Burp suit, etc. Familiar with Programming Fundamentals (Structured Programming and Object-Oriented Programming) and SQL to conduct Database Testing. 2. Experience in TEST Scripts/ Test data/ Bug Reporting, Knowledge on different Levels of testing, completed ISTQB or any testing course (Integration testing, System Testing and Acceptance Testing) |
| Manager – Digital Banking (IB. MB, UPI & IOBPAY) | Full Time B.E/ B. Tech/ M. Tech (in Computer Science & Engineering/ Information Technology/ Electronics & Communications/ Electrical & Electronic Engineering) (or) MCA/ MSc (Computer Science)/ MSc (IT) | 3 years of experience in BFSI/ NBFC/ FinTech/ MNCs in Digital Payments Skills Required: 1.Human Resource Management & Vendor Management/ Negotiation Skills 2. Excellent Verbal & Written Communication Skills & ability to coherently present ideas. 3. Holistic skills to succeed as in IT professional from Digital Banking perspective 4. Experience in operations of digital payments and its related activities. |
| Manager - Digital Banking (RTGS & NEFT) | Full Time B.E/ B. Tech/ M. Tech (in Computer Science & Engineering/ Information Technology/ Electronics & Communications/ Electrical & Electronic Engineering) (or) MCA/ MSc (Computer Science)/ MSc (IT) | 3 years of experience in BFSI/ NBFC/ FinTech/ MNCs: · Extensive troubleshooting knowledge on WebSphere Application Server, JBoss, IBM MQ · Installation and configuration of Middleware Products (WebSphere Application Server, Web-logic, Microsoft IIS, JBoss EAP, JBoss EWS, IBMHTTP Server, Apache Web Server) · Hands-on experience in Unix Platforms (AIX, Solaris OS, Linux) and Windows Platform Skills required: 1. Human Resource Management & Vendor Management/ Negotiation Skills 2.Excellent Verbal & Written Communication Skills & ability to coherently present ideas 3. Holistic skills to succeed as in IT professional from Digital Banking perspective 4. Oracle Database Administration 2019 Certified Professional 5.Oracle Database Administrator 2019 Certified Master, 6.Oracle Database Administrator 2019 – Professional (OCP) 7. Extensive technical knowledge on Middleware Server, WebLogic, Microsoft IIS, JBoss EAP, JBoss EWS Redhat Open Runtime, Tomcat) 8.Experience in operations of digital payments and its related activities |
| Manager – Digital Banking (Debit Card, Switch & DCMS) | Full Time B.E/ B. Tech/ M. Tech (in Computer Science & Engineering/ Information Technology/ Electronics & Communications/ Electrical & Electronic Engineering) (or) MCA/ MSc (Computer Science)/ MSc (IT) | 3 years of experience in BFSI/ NBFC/ FinTech/ MNCs will be preferred. Skills Preferred: 1. Human Resource Management & Vendor Management/ Negotiation Skills 2. Excellent Verbal & Written Communication Skills & ability to coherently present ideas 3. Holistic skills to succeed as in IT professional from Digital Banking perspective 4. Experience in operations of digital payments and its related activities. |
Age Criteria (As on November 01, 2024)
In addition to satisfying the educational prerequisites for Indian Overseas Bank Specialist Officer, candidates must adhere to the specified age limit criteria outlined in the official Indian Overseas Bank Specialist Officer recruitment notification for 2024. The details of the Indian Overseas Bank Specialist Officer age limit are provided below.
| Post Name | Age Limit |
|---|---|
| Manager (Law) | Min - 27 Max - 35 |
| Senior Manager (Law) | Min - 30 Max - 40 |
| Manager (IS Audit) | Min - 25 Max – 35 |
| Senior Manager (IS Audit) | Min - 30 Max - 40 |
| Manager (Security) | Min - 25 Max - 35 |
| Chief Manager (Risk) | Min - 30 Max - 40 |
| Manager (Civil) | Min - 25 Max - 35 |
| Manager (Architect) | Min - 25 Max - 35 |
| Manager (Electrical) | Min - 25 Max - 35 |
| Manager (Treasury) | Min - 25 Max - 35 |
| Manager (Credit) | Min - 25 Max - 35 |
| Manager (Marketing) | Min - 25 Max - 35 |
| Manager (Human Resources) | Min - 25 Max - 35 |
| Manager (Testing and Digital Certificate) | Min - 25 Max - 35 |
| Manager – Digital Banking (IB. MB, UPI & IOBPAY) | Min - 25 Max - 35 |
| Manager - Digital Banking (RTGS & NEFT) | Min - 25 Max - 35 |
| Manager – Digital Banking (Debit Card, Switch & DCMS) | Min - 25 Max - 35 |
Age Relaxation
The Indian Overseas Bank Specialist Officer notification for 2024 also delineates provisions for age relaxation in the upper age limit, specifically applicable to candidates from reserved categories.
Indian Overseas Bank Exam Dates 2024
To ensure effective preparation for the Indian Overseas Bank Specialist Officer exam 2024, staying informed about all the significant dates is essential. Eligible candidates can submit applications for the Indian Overseas Bank Specialist Officer recruitment from November 06, 2023, to November 19, 2023. The official Indian Overseas Bank Specialist Officer notification 2024 provides a comprehensive exam calendar, outlining crucial dates such as the application start and end date, closure of the application process, and the Indian Overseas Bank Specialist Officer exam date 2024.
Keeping abreast of the Indian Overseas Bank Specialist Officer exam dates in 2024 will ensure you don't miss essential deadlines and allow you to plan your preparation effectively. Adhering to the timelines specified in the exam calendar is vital for a smooth application process and to avoid any last-minute rush.
IOB SO Important Dates 2023
| SBI PO Events | SBI PO Exam Dates |
|---|---|
| Online Registration of Applications and Payment of Fees / Intimation Charges | November 06, 2023 to November 19, 2023 |
| Download of Preliminary Examination Call Letters | To be Notified later |
| IOB SO Phase 1 (Preliminary) Online Examination | To be Notified later |
| IOB SO Phase 1 (Preliminary) Online Examination Result | To be Notified later |
| IOB SO Phase 2 (Mains) Admit Card | To be Notified later |
| IOB SO Phase 2 (Mains) Online Examination | To be Notified later |
| Declaration of Result of Main Examination | To be Notified later |
| IOB SO Interview | To be Notified later |
| Declaration of Final Result | To be Notified later |
Indian Overseas Bank Salary 2024
Indian Overseas Bank has announced the recruitment of 66 Specialist Officer posts in 2024, extending an invitation to interested candidates. This creates an excellent opportunity for those aspiring to secure employment in the banking sector. Overlooking this chance to become an Officer at Indian Bank would mean forgoing a promising career in banking.
Indian Overseas Bank has outlined the salary details for Specialist Officers (SO) in its official notification. Specialist Officers in Indian Bank are categorized as MMG Scale 2, 3, and SMG Scale 4. Given the diverse vacancies across different scales, the corresponding salaries vary. It is vital to consider these distinctions when evaluating and comparing potential opportunities within the Indian Bank. Therefore, a comprehensive understanding of the Indian Overseas Bank salary structure and job profile is essential for making informed decisions throughout the examination process.
| Post Name | Salary |
|---|---|
| MMGS II | 48,170– 1,740 / 1 – 49,910 – 1,990 / 10– 69,810 |
| MMGS III | 63,840–1,990 / 5–73,790–2,220 / 2– 78,230 |
| SMGS IV | 76,010 – 2,220 / 4– 84,890 – 2,500 / 2– 89,890 |
Perks & Allowances
Specialist Officers recruited laterally for positions in MMG Scale 2, 3, and SMG Scale 4 will qualify for the associated benefits during their probationary period in accordance with the current Bank guidelines for their respective scales.
a) Conveyance Expenses
b) Newspaper Cost
c) Telephone/ Mobile Expenses
d) Entertainment Expenses
e) Residential Furniture
f) Bank Owned Quarters or Leased accommodation, including Rental Advance & Brokerage
Probation
Upon selection, candidates will undergo a probationary period of 2 years (active service) commencing from their date of joining the Bank. The confirmation of their service with the Bank will be in accordance with the criteria specified by the Bank as outlined in the Officers’ Service Regulation (OSR). The terms and conditions for confirmation will be determined by the Bank.
Bond
Upon selection, candidates chosen for appointment must sign a Financial Service Indemnity Bond amounting to Rs.1,00,000/- (Rupees One lac) for positions under MMGS II & III and Rs.2,00,000/- (Rupees Two lakhs) for positions under SMGS IV. This bond obliges them to provide services for a minimum duration of 3 years. This contractual agreement ensures the commitment of the candidates to fulfill their responsibilities within the specified time frame, safeguarding the interests of the financial services institution.
Posting
Upon selection, candidates will be assigned to locations based on the Bank's needs and may be subject to transfers across India at the Bank's discretion and as per its requirements. Transfers may occur to any of the Bank’s branches or offices, anywhere in India, periodically and under conditions determined by the Bank.