Indian Overseas Bank Recruitment 2024: Become A Government Business Facilitator With IOB

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Indian Overseas Bank Recruitment 2024

Looking for a job Post-Retirement? Learn about the Indian Overseas Bank Recruitment 2024 for the Government Business Facilitator role. Find out the eligibility criteria, responsibilities, pay structure, and how to apply.

Indian Overseas Bank Recruitment 2024

Indian Overseas Bank Recruitment 2024

Are you a retired banking professional or a former government employee looking for a meaningful post-retirement opportunity? Indian Overseas Bank might have just the role for you! The bank has announced vacancies for the position of Government Business Facilitator (GBF) in 2024. Let’s delve into the details of this exciting opportunity.

Indian Overseas Bank Recruitment

Think retirement is boring? Not at Indian Overseas Bank (IOB)! They’re looking for sharp, outgoing people to join their team as Government Business Facilitators (GBFs). This is a cool contract job where you use your skills and connections to bring in new business from government offices and such.

Indian Overseas Bank Recruitment 2024: Overview

Hiring OrganizationIndian Overseas Bank (IOB)
PositionGovernment Business Facilitators (GBFs)
No Of PostsNot Specified
Job LocationAll India
Official Websitewww.iob.in
Apply ModeOffline
WhatsApp Group Joining LinkClick Here

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Indian Overseas Bank Recruitment 2024: Eligibility Criteria

Who Can Apply?:

  • Retired bank clerks or officers from any Public Sector Bank.
  • Retired State Government Employees in certain grades.
  • Applicants should be good at marketing, fluent in English and the local language, and able to interact well with others.
  • A clean track record with no issues in the last two years of service.
  • Must live in the area where the bank branch is located.
  • Preference is given to those from the same area.
  • Should be energetic, healthy, and able to bring in government business.
  • Former employees who were suspended or left before retirement cannot apply.
  • No pending cases with law enforcement agencies.

Role and Responsibilities: What Do Government Business Facilitators Do?

  • They find and attract new government clients.
  • They bring back old accounts that haven’t been active for a while.
  • Their focus is on government bodies like Central and State Governments, PSUs, and similar institutions.
  • They work in State Capitals and District Headquarters.

Contract Details: How Long Is the Job and What’s the Age Limit?

  • It’s a two-year contract, which is reviewed annually.
  • The job ends when the person turns 65.

How Can the Contract Be Ended?

  • Either side can end the contract with 15 days’ notice, or pay instead.
  • Performance reviews decide if the job continues or not.
  • Immediate termination is possible for serious misconduct.

Indian Overseas Bank Recruitment 2024: Age Limit

  • The job ends when the person turns 65.

Indian Overseas Bank Recruitment 2024: Salary

  • Get Rs.40,000 per month based on meeting monthly targets.
  • There’s an extra Rs.10,000 per month for travel and phone expenses.
  • No other bonuses or benefits are given.

Indian Overseas Bank Recruitment 2024: Application Fee

  • No Application Fee

Indian Overseas Bank Recruitment 2024: Selection Process

  • interview

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Indian Overseas Bank Recruitment 2024: Important Dates

EventsDates
Start Date for Applications21/05/2024
Deadline for Applications10/06/2024

Indian Overseas Bank Recruitment 2024:Important Links

Official WebsiteClick Here
Official Notification LinkDownload Here
Application Form Page LinkView Here
WhatsApp Group Joining LinkJoin Here

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How To Apply For Indian Overseas Bank Recruitment 2024

  1. Prepare Your Application: Gather all necessary documents, including your resume, retirement certificate (if applicable), identification proof, and address proof.
  2. Locate Regional Offices: Find the nearest Regional Office of the Indian Overseas Bank. You can search online or inquire at your local branch.
  3. Submit Your Application: Visit the Regional Office during working hours and submit your application along with the required documents to the designated personnel.
  4. Contact Central Office: If you need more information or assistance, you can contact the Central Office of Indian Overseas Bank at 044-28519567.
  5. Follow-Up: After submitting your application, follow up with the Regional Office if necessary to inquire about the status of your application or any further steps in the recruitment process.
  6. Stay Informed: Keep an eye on any communication from the Indian Overseas Bank regarding the recruitment process. Check your email regularly for updates or notifications.
  7. Prepare for Interview: If shortlisted, prepare for an interview. Be ready to discuss your experience, skills, and suitability for the Government Business Facilitator role.
  8. Attend Interview: Attend the interview at the designated time and location. Dress appropriately and present yourself professionally.

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FAQS:

Can I apply for the Government Business Facilitator role if I don’t have a banking background?

  • Yes, you can apply if you have retired from a banking or government service background and meet the eligibility criteria mentioned in the recruitment notice.

Is there an age limit for applying to the Government Business Facilitator position?

  • Yes, applicants should be below the age of 65 to be eligible for engagement as a Government Business Facilitator with Indian Overseas Bank.

Are there any specific qualifications required to apply?

  • While specific qualifications are not mentioned, applicants should have a good track record, fluency in English and the local language, and the ability to handle interactive sessions effectively.

Can I apply if I live outside the area where the Regional Office is located?

  • Yes, you can still apply, but preference may be given to applicants residing in the area where the Regional Office or main branch is located.

What is the pay structure for Government Business Facilitators?

  • Government Business Facilitators receive a variable pay of Rs.40,000 per month based on meeting monthly targets, along with a fixed pay of Rs.10,000 per month for travel and phone expenses.

How long is the contract period for Government Business Facilitators?

  • The contract period is initially for two years, subject to annual review by the Central Office of Indian Overseas Bank.

Can the contract be terminated before the completion of two years?

  • Yes, the contract can be terminated with a 15-day notice on either side or equivalent pay and allowances in lieu thereof. Immediate termination is possible for serious misconduct.

How can I apply for the Government Business Facilitator position?

  • Interested applicants can submit their applications along with the required documents to the Regional Offices of Indian Overseas Bank. Contact details for further inquiries are available at the nearest branch or the Central Office.

Are there any performance incentives apart from the fixed and variable pay?

  • No, the pay structure includes only fixed and variable components based on meeting monthly targets for sourcing new government business accounts.

When can I expect to hear back after submitting my application?

  • The recruitment process may take some time. Applicants are advised to stay informed about any updates or notifications from Indian Overseas Bank regarding the status of their application.

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Conclusion:

The Indian Overseas Bank Recruitment 2024 offers a valuable opportunity for retired professionals to continue their journey post-retirement. As a Government Business Facilitator, you can use your skills to serve the community and earn a decent income. If you’re eligible, don’t miss this chance to be part of something meaningful. Apply now and embark on a new chapter in your career journey.

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