Recruitment of Investment officers on contract
Applications are invited from Indian citizens for appointment to the post of investment officers on contract
Eligible candidates are requested to apply on-line through Bank’s website
www.canarabank.com. No other means/mode of application will be accepted
Important dates
Opening date for on-line registration in website:
22.06.2010
Closing date for on-line registration in website:
10.07.2010
Tentative date of written test:
05.09.2010
The details of number of posts are as follows
Total post: 700
Age: Minimum 21 years maximum 30 years
Reservations for investment officers on contract; SC 106, ST 53, OBC 191, UR 350, Total 700
State/UT wise requirement of Investment officers on Contract is as mentioned below
Andhra Pradesh 47; Assam 10; Bihar 04; Chandigarh 06; Chhattisgarh 06; Delhi 66; Goa 09; Gujarat 09; Chhattisgarh 06; Delhi 66; Goa 09; Gujarat 18; Haryana 13; Himachal Pradesh 02; Jharkhand 08; Karnataka 140; Kerala 54; Madhya Pradesh 09; Maharashtra 81; Orissa 05; Punjab 35; Rajasthan 04; Tamilnadu 110; Uttar Pradesh 46; Uttaranchal 05; West Bengal 22; Total 700
The reservations for the post of Investment officers on Contract shall be extended on All India basis, as per govt guidelines
The recruitment shall be on state-wise/UT wise basis. Candidates can apply for one state/ UT only and have to appear for the test, from a centre allotted for that particular state/UT. On selection, candidates will be placed anywhere in that state/union territory depending up on Bank’s need
The number of posts and the reservations provided are provisional and may vary according to actual requirement of the Bank
3% of the total posts @ 1% each for VC/HI/OC candidates are reserved for the persons with disabilities
As the reservation for PWD candidates is on horizontal basis, the selected candidates will be placed in the appropriate category to which the candidate belongs. The above reservation is inclusive of shortfall/backlog reservation
Eligibility criteria and other details
All the eligibility criteria, qualification, age etc shall be computed as on 01.06.2010
Qualification: A Graduate in any discipline, preferably with MBA, and having flair for marketing the Insurance, Mutual Fund and other products of the Bank. All the qualifications mentioned should be from a recognized university/Institution
Knowledge (read/write/speak) of the local language of the state/UT for which he/she is applying, is essential
Candidates must necessarily be qualified by passing the IRDA License examination after their provisional selection, at their own cost. Provisionally selected candidates shall be allowed to join the bank only if they acquire the IRDA License within the period stipulated by the Bank
Candidate should possess the following; passion for marketing; work independently and also with team; computer literacy; good communication skills
Preference will be given to those candidates who have prior experience in marketing/insurance business
Since the job involves extensive travelling, candidates should have good physical fitness and ready to accept the challenges and meeting the targets
Computer Literacy: Operating computer systems in MS-DOS, MS Windows, Basic concepts of Networking and Connectivity, MS Office (Word, Excel, Power Point, e-mail etc) shall be an essential qualification, which a candidate must either possess or acquire within 6 months from the date of joining the Bank
Hindi Knowledge: The candidates shall acquire working knowledge of Hindi, if not possessed already, within 6 months from the date of joining the Bank
Job profile: Marketing the Insurance, Mutual Fund and other products of the Bank. Responsible for end-to-end sales, any other work assigned by the Bank from time to time
Period of contract: Three (03) years with an option to extend for two years at the discretion of the Bank
Compensation
Fixed pay: Rs 15,000/- per month subject to achievement of minimum threshold premium of Rs 1 lakh per month i.e., Rs 12 lakhs per annum
The contract appointees, who fail to achieve performance with a minimum threshold premium of Rs 3.00 lakhs per quarter, consecutively for two quarters, beginning from the second quarter of their appointment shall cease to continue as contract appointees of the bank from the last day of the month from the end of the second quarter under review. However, if any candidate fails to achieve minimum threshold limit of Rs 3 lakhs in any quarter, Bank reserves right to cancel the contract appointment
Other benefits: Casual leave 10 days per calendar year; Annual leave 20 days in a calendar year
The Annual leave can be encashed to the extent of 50% every year. Carry over of unavailed casual/annual leave shall not be permitted
Other conditions: Applicable Income tax shall be deducted as per provisions; either party may terminate the contract by giving one month notice in writing/by remitting one month’s fixed compensation amount; the Bank will have the right to recover at its discretion, any loss or money due to the Bank, from the amounts due and payable by the Bank without prejudice to any other remedies the Bank may adopt for recovering the same; 10% of the Basic will be deducted as employee’s contribution towards contributory provident fund and monthly contribution will be provided by the bank over and above the fixed compensation. The employee’s contribution as well as Bank’s contribution towards contributory provident fund shall be settled at the time of cessation; the contract appointee shall not be eligible for any perquisites whatsoever which are payable to permanent employees of the Bank; officers recruited under the contract system are not eligible for pension in any form
Nationality/citizenship: A candidate must be either (i) a citizen of India or (ii) a subject of Nepal or (iii) a subject of Bhutan or (iv) a Tibetan refugee who came over to India before 01.01.1962 with the intention of permanently settling in India or (v) a person of Indian origin who has migrated from Pakistan, Burma, Sri Lanka, East African Countries of Kenya, Uganda, United Republic of Tanzania, Zambia, Malawi, Zaire, Ethiopia and Vietnam with the intention of permanently settling in India provided that a candidate belonging to categories (ii), (iii), (iv) or (v) above shall be a person in whose favour a certificate of eligibility has been issued by the govt of India. A Candidate in whose case a certificate of eligibility is necessary may be admitted to the examination/interview conducted by the Bank, but on final selection the offer of appointment may be given only after the necessary eligibility certificates issued by the govt of India, are produced
Relaxation in upper age limit: SC/ST by 5 years; OBC by 3 years; Persons with Disabilities by 10 years; all persons who are ordinarily domiciled in Kashmir Division of J&K state during 01.01.80 to 31.12.89 by 5 years; Ex-servicemen/Commissioned officers including those ECOs/ SSCOs who have rendered at least 5 years Military service and have been released on completion of assignment (including those whose assignment is due to be completed on or before 30.09.2010) otherwise than by way of dismissal or discharge on account of misconduct or inefficiency or physical disability attributable to Military service or on invalidment by 5 years
Application fee and postal charges (non refundable): SC/ST/PwD Rs 50/-; all others Rs 300/-
Procedure for making payment of application fee/postal charges: The application fee/postal charges can be paid by; directly crediting the amount in any of the Canara Bank branch or paying the amount through NEFT in any other Bank
The procedure for payment of fee is mentioned below; directly crediting the amount in any Canara Bank Branch (take print-out of the payment challan from website, fill the particulars viz, Name, Canara Bank branch name, city, amount, post applied for, submit the fee payment challan and amount in any Canara Bank branch, collect the candidate’s copy of fee payment challan from the Branch), please check that challan is properly signed and the details of transaction sequence no/batch no, branch name and DP code number, deposit date are noted in the challan by the branch authorities; log on to bank website for applying on-line
Paying the amount through NEFT in any other Bank (if the candidate opts for payment through other Bank); fill the NEFT challan as required by the bank with beneficiary details as follows (Name of the account Canara Bank Recruitment Project - 2/2010,
Account number 1173201002149, Payee Bank Canara Bank, South End Road Branch, Bangalore, IFSC code CNRB0001173, make payment, collect NEFT payment receipt), please check that receipt is properly signed and the details of NEFT UTR No, IFSC code of the sending branch, name of the sending bank, city, deposit date, amount etc are noted in the challan by the branch authorities, log on to bank website for applying on-line
After on-line registration, candidates are requested to write their registration number, name, date of birth, post applied for on the back of the payment challan/NEFT receipt. Candidates have to submit this original payment challan/NEFT receipt along with test call letter at the time of written test
The application fee/postal charges should be paid during
22.06.2010 to 10.07.2010
Even if the last date of registration changes due to technical reasons, the valid dates for payment of application fee/postal charges will not be changed
Payment of fee by demand draft/cheque/money orders/postal orders etc will not be accepted
Selection procedure:
The selection for the post of Investment officers on contract shall be by way of written test and Interview
The test may be conducted on-line/off-line, there will be negative marks for wrong answers in objective test. The descriptive test is only for qualifying purpose. Bank will decide the minimum cut-off marks for each subject as well as total weighted score (TWS). Depending on the number of vacancies, such of those candidates who rank sufficiently high in the order of merit in the written test as per the cut off marks decided by the Bank will only be called for interview
Mere eligibility/admission to the test/pass in the test does not imply that the Bank is satisfied beyond doubt about the candidates’ eligibility and shall not vest any right in a candidate for being called for interview. The Bank reserves the right to call only the requisite number of candidates for interview
Other details regarding the test will be given to the candidates in the Acquaint Yourself Booklet, which will be sent along with the call letter for written examination
The Bank reserves the right to change the selection procedure, if necessary. The change, if any, shall be communicated to the candidates in advance
Maximum marks for Interview is 100 and the final selection shall be state/UT wise and on the basis of performance in Interview only
The Bank would be free to reject the candidature of any candidate at any stage of the recruitment process, if he/she is found to be ineligible. If appointed, such a candidate may be summarily removed and the fees paid by the ineligible candidates shall be forfeited
Date of written test: The written test is tentatively fixed on 05.09.2010 at the following Centres. The exact venue address of the test will be intimated in the test call letter
Andhra Pradesh (Hyderabad, Visakhapatnam), Assam (Guwahati), Bihar (Patna), Chandigarh, Punjab, Himachal Pradesh (Chandigarh, Delhi), Chhattisgarh (Raipur), Delhi (Delhi), Goa (Panaji Goa), Gujarat (Ahmedabad), Haryana (Karnal), Jharkhand (Ranchi), Karnataka (Bangalore, Hubli, Mangalore), Kerala (Trivandrum, Calicut), Madhya Pradesh (Bhopal), Maharashtra (Mumbai,, Nagpur), Orissa (Bhubaneshwar), Rajasthan (Jaipur), Tamilnadu (Chennai, Coimbatore, Madurai), Uttar Pradesh (Agra, Delhi, Lucknow), Uttaranchal (Dehradun), West Bengal (Kolkata)
Security deposit: The selected candidates on appointment shall be required to make a security deposit of Rs 50,000/- with the bank to indemnify the bank against any loss or damage which may be caused to the Bank. An amount of Rs 20,000/- should be deposited upfront at the time of commencement of the contract and the balance of Rs 30,000/- to be deposited in 6 monthly installments
How to apply
The eligible candidates are required to apply on-line through bank’s website
www.canarabank.com. The guidelines for filling on-line application are as follows; candidates should have a valid personal e-mail id. In case, candidate is not having valid e-mail id, he/she should create a new e-mail id. This e-mail id should be valid for the duration of the project; candidates should have remitted the requisite fee in any branch of Canara Bank and should have details of payment made or candidates should have remitted the requisite fee in any other Bank through NEFT and should have details of payment made; please note that without valid payment details, on-line registration of application will be summarily rejected; candidates are required to visit the Bank’s website
www.canarabank.com-Careers-Positions open page and click on the link Recruitment Project - 2/2010 - Investment officers on Contract” and apply for the post. Alternatively, candidates can click the link Recruitment scrolling in the news update, which leads to the recruitment page; the link for registration of application will be open on our website on the dates indicated at the top of this advertisement; after filling in all the required particulars, candidates shall submit the application on-line; there is provision to modify the submitted on-line application. Candidates are requested to make use of this facility to correct the details in on-line application, if any. This modification facility shall be available after 2 days of registration and up to 12.07.2010. Modification will be allowed only 3 times. After the last date, no modification will be permitted; candidates should take utmost care to furnish the correct details while filling in on-line application; retain a copy of on-line application print out along with registration number and password safely for your records
While attending for the written test, candidates have to submit original payment challan/NEFT receipt along with test call letter, without which candidates are not allowed to take up examination
