Federal Bank hiring for associate | Federal Bank Off Campus Drive 2023 | Opportunity for all graduates
About Federal Bank:
Federal Bank Limited is a private sector bank in India with its headquarters in Aluva, Kochi, Kerala.It is one of the largest private sector commercial banks in India, with more than a thousand branches and ATMs dispersed throughout the country’s several States. Between 1963 and 1970, Chalakudy Public Bank (established in Chalakudy on July 20, 1929), Cochin Union Bank (established in Thrissur in 1963), Alleppey Bank (established in Alappuzha in 1964), St. George Union Bank (established in Puthenpally in 1965), and Marthandam Commercial Bank (established in Thiruvananthapuram in 1968) were all acquired by Federal Bank. In 1994, the bank began its initial public offering.
Customers of Federal Bank can choose from a comprehensive selection of banking services and products, such as savings accounts, current accounts, fixed deposits, loans, investment products, and insurance policies. The bank also offers a variety of online banking services, including ATM, mobile, and internet banking.
Federal Bank is dedicated to offering top-notch customer care to all of its clients. There are many ways for customers to contact the bank, including through their call centre, website, and social media accounts.
Federal Bank is a well-respected bank in India. It has been ranked among the top 50 banks in India by various publications. The bank has also been awarded a number of awards for its corporate governance and social responsibility practices.
Here are some of the key features of Federal Bank:
- It is a private sector bank headquartered in Kerala.
- It has over 1,370 branches and ATMs spread across India.
- It also has representative offices abroad in Abu Dhabi, Qatar, Kuwait, Oman, and Dubai
- It offers a wide range of banking products and services to its customers.
- It has a strong focus on digital banking.
- It is committed to providing excellent customer service.
- It is a well-respected bank in India.
Key Points:
- Probationary period: Candidates chosen as Associates will serve a six-month probationary term.
- Location:Depending on the administrative needs, candidates chosen for the role of Associates may be posted at any of the Bank’s Branches or Offices.
- Payscale and Other Remuneration: Currently, the starting Basic Pay (applicable to Associates) is “17900” in the pay scale, which also includes the following pay ranges: “17900-1000/3” “20900-1230/3” “24590-1490/4” “30550-1730/7” “42660-3270/1” “45930-1990/1” “47920.” The official will also be qualified for DA, HRA/Additional HRA, Medical, and other benefits in accordance with the regulations in effect at the time. Depending on the location of the posting and other considerations, the cost to the company per year would range from a minimum of 5.75 lakh to a maximum of 5.88 lakh. (Without statutory deductions like Income Tax, Profession Tax, NPS, etc.) The Take Home Pay will be approximately 39,000 per month.
- Date of Notification 26th June 2023.
- Last Date of Application 15th July 2023.
- Proposed Dates of Mock Assessments 23rd July 2023 to 25th July 2023
- Proposed Date of Online Aptitude Assessment 30th July 2023.
- Application fees: General / Others – 600 and SC/ST – 120
Skills and Eligibility:
- Graduates with a minimum cumulative grade point average of 60% from a university that was established by an act of the Central or State legislature in India, from another educational institution that was established by an act of Parliament, or from an institution that was declared to be deemed an institution of higher learning under Section 3 of the UGC Act, 1956, or who possess an equivalent qualification that has been acknowledged by the Ministry of HRD, Government of India, or that has been approved by AICTE.
- Candidates must have an overall average of at least 60% in Class X, Class XII, and Graduation.
- Candidates must be at least 24 years old as of June 1, 2023 (born on or after that date) in order to be eligible to apply for the selection process. SC/ST applicants’ ages cannot exceed 29 as of June 1, 2023 (candidates must have been born on or after that date).
- Candidates must be Indian citizens.
notes:
- Candidates who are graduating or will graduate from college in the academic year 2022-2023 are also eligible to participate in the selection process if they passed all of the qualifying examination’s previous years or semesters’ papers with an overall grade of 60% as of June 1, 2023, and all of the subsequent semester’s papers must also pass along with the results of the final year’s or semester’s examination.
- After finishing higher secondary education, the graduation programme must last at least three years education or a diploma.
- Based on the procedures used by the Board, University, or Institution, the candidate’s overall percentage will be determined. If the applicants are given grades, CGPAs, or other metrics, the percentage will be determined by the equivalency confirmed by the Board, school, or organization.
- a mark sheet broken down by year and semester for each of the qualifying years or semesters It should be possible to access examinations from the relevant Board, University, or Institution.
- Minimum aggregate percentage for examinations cannot be rounded off, preventing candidates with 59.99% or grade point equivalence from appearing in selection process.
- Candidates must meet Bank eligibility criteria for selection, as ineligibility may result in candidacy cancellation without notice or compensation.
- Bank can modify eligibility standards to limit candidate selection.
- The bank’s decision on candidate eligibility, eligibility stages, and documents during online aptitude assessments, group discussions, document verification, personal interviews, and selection will be final and binding on candidates. No correspondence or personal enquiries will be entertained
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About Selection Round:
The recruitment process will involve online aptitude assessments, potential assessment through group discussions, preliminary interaction, and personal interviews. The bank reserves the right to shortlist candidates based on administrative requirements. The mode of selection will depend on the situation, the number of candidates, and the bank’s discretion. Candidates’ marks and ratings will remain confidential, and the bank’s decision regarding qualifying criteria will be final and binding on the candidates.
Agreements:
The selected candidates will be required to execute a Service Level Agreement upon joining the bank, undertaking to serve the Bank for a minimum period of 2 years or to pay the Bank a sum of Rs. 30,000 as cost of training in case the candidate leaves the Bank before completion of the stipulated minimum service period (Subject to the bank’s approval and norms followed).
Instruction:
- Request for change of date or time for any selection stage/s shall not be entertained.
- Candidates who fail to appear in any of the selection round or get disconnected during any of the online selection round owing to technical or other reasons whatsoever, will not be permitted to revisitthe same or request for a rescheduled timing for that particular round or selection process as a whole will not be considered.
- Candidates are advised to avoid last minute rush and make use of the time span available for submitting the applications online.
- During the selection process, if a candidate is found guilty of any unfair means at any stage, he / she will be disqualified from the Online Aptitude Assessment / any other selection stage.
If you are looking for a reliable and trustworthy bank in India, Federal Bank is a good option to consider. so click the apply button given blow and catch the opportunity .
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