Direct Recruitment in Scale I amp; II Applications are invited from eligible Indian citizens for appointment as officers in Scale-I amp; II (Assistant Managers amp; Managers) for our branches.
Last Date for Receipt of Application: 31st August 2010 - Apply Online
A. Eligibility
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B. Experience
2 years experience as an advocate in any of the courts for law officers.
C. Selection Procedure
Candidates fulfilling the eligibility conditions will have to appear for an interview. Candidates called for the interview will be reimbursed with their actual travelling expenses or IIl A/C train fare (whichever is less), on production of necessary proof.
D. Emoluments
Selected candidates will be placed on probation for a period of one year. Bank reserves the right to extend the period of probation for any further period/s or to terminate the service even during the period of probation without any notice and without assigning any reason whatsoever. During the period of probation, they will be eligible for emoluments depending on the place of posting, applicable to officers of the Bank in junior management grade (Scale-I) or middle management grade (Scale-II) depending on their calibre and exposure. They will be placed on pay scale applicable to the grade viz., Scale-I : 14500 – 600/7 – 18700 – 700/2 – 20100 – 800/7 – 25700 // Scale-II : 19400 – 700/1 – 20100 – 800/10 – 28100. At the present rate of DA, starting total emoluments would be around Rs.21000/- pm for Scale-I and Rs.27000/- pm for Scale-II. Perquisites as HRA/reimbursement of rent, allowance for fuel, etc shall be according to place of posting and shall be paid extra.
On successful completion of probation period they will be appointed in Junior Management Grade (Scale-I) or Middle Management Grade (Scale-II), as the case may be, of the Bank. According to market perception, package of a JMG Scale-l officer works out to Rs.4.50 lakhs per annum and MMG Scale-ll officer works out to Rs.5.50 lakhs per annum on CTC basis in Mumbai.
