IDBI ASSISTANT MANAGER EXAM Analysis

By: Admin | Posted on: Jun 16, 2020

 

IDBI Assistant Manager Exam:

The IDBI Assistant Manager Exam is a good opportunity for the aspirants. By cracking online Assistant Manager Exam and Interview, one can land into IDBI as an Assistant Manager. Let’s learn a short history of what is IDBI bank and important information about the IDBI bank Assitant Manager Bank Exam. Like Eligibility, salary, pattern, syllabus, and tips to crack the Assitant Manager Exam.

 

What is the Industrial Development Bank Of India?

IDBI Bank is an Indian government-owned financial service company, which is formally known as the Industrial Development Bank of India. The headquarters of IDBI Bank is in Mumbai, India. It was established in 1964 by an Act of Parliament to provide credit and other financial facilities for the development of the Indian industry. The Bank is controlled by the Government Of India. The bank is currently the 10th largest development bank in the world in terms of its reach, with almost 3700 ATMs, 1995 branches, including one Dubai branch, and 1382 centers. In this article, let’s check about the Assistant Manager exam and their eligibility and how to prepare for that Exam.

 

Eligibility Criteria for IDBI Assistant Manager.

  • Age Limit:

Candidates who have minimum age 21years and maximum of 28 years can apply for it and also candidate must have been born not earlier than 02.06.1991 and not later than 01.06.1998

                       

  • Nationality:

  1. a citizen of India

  2. a subject of Nepal

  3. a subject of Bhutan

  4. a refugee from Tibet who came to India to permanently settle here.

 

  • Educational  Qualification:

Candidate must possess Graduation and Post  Graduate.      

Candidates should have scored minimum cut off marks in the Probationary Officers Common Written Examination conducted by IBPS and should be holding a valid score card issued by IBPS.

 

IDBI Salary as of 2019

The IDBI salary comprises of various components like basic pay plus other allowances that are admissible to the Assistant Managers. The current basic pay that is applicable to the Officers in Grade ‘A’ is Rs 23700/- per month in the pay scale of Rs 23700-980(7)-30560-1145(2)-32850-1310(7)-42020(17 years). 

The pay scale, allowances, reimbursements, perquisites, and other terms subsisting at the time of joining may be revised from time to time basis would be applicable. The gross salary for IDBI Assistant Manager Grade ‘A’ at the metro center is approximately Rs 60000/- per annum. 

 

Your Role as an Assistant Manager in IDBI:

  • Multitasker:

Assistant manager work includes all managerial works like supervision of clerical work, making decisions that bring benefits for the bank, managing the cash balance of the bank.

  • Customer Services:

The most important duty to an officer or the bank is to satisfy the customer’s needs or requirements. Assistant Manager plays a vital role here. They provide Banking services like issuing cheque books, account statements, document requirements, opening new accounts.

  • Creating Business:

It includes promoting banking products, opening new accounts, selling insurance, etc. Promoting various products and services of the bank such as mutual funds, insurance policies, etc.

  • ATM Related Que                                                    

Queries like Lost ATM Application, block ATM card online, new pin number requests, and other similar issues.

  • Financial Tasks:

 The major tasks disbursing loans, interacting with customers to know their credit requirements, recovery of loans.

 

Preparation Tips To Clear Assistant Manager Exam:

          First of all, you need to get strong in Quantitative Aptitude, Logical Reasoning, Data Analysis, and Interpretation. Every year number of vacancies for the post may differ. For example, this year vacancy would be 700 and assume that you are on 690th position and got selected, you would have put much effort to achieve this effort but on the other hand assume that the next year vacancy maybe 300, by comparing with your previous year hard work you can’t achieve it, so your method of preparation needs to be changed. Here are some tips to get strong in it!!

 

1. Quantitative Aptitude:

As per the SWOT analysis of the individual, attempt the strong areas in your bucket. In general, the trick to scoring good marks in the Quantitative Aptitude Section is to attempt Quadratic Equations, Simplification, and Approximation first and then trying Number Series.

After having attempted all these questions efficiently in a possible way, go, and attempt Data Interpretation. The remaining few questions will be based on miscellaneous topics like CI & SI, Time and Work, etc. Attempt those other topics first which you are good at. Always aim to read each and every question in your examination so that you can try and attempt the maximum number of questions.

 

2. Logical Reasoning, Data Analysis, and Interpretation:

The easy way to score logical reasoning and other topics is to attend maximum number questions in minimum time. Start with the questions that are not in the form of puzzles, you can choose to start with the questions based on inequalities, direction and distance, alphanumeric series, and other random topics. It is always advisable to try to start with puzzles that appear easy and familiar to solve and proceed with moderate and difficult puzzles later.

 

3.English Language Section:    

The trick for scoring in the English section can differ from one person to another depending on the candidate’s strengths and weaknesses. If you are good at vocabulary and reading then attempt the reading comprehension first and proceed with Cloze Test and other topics like Error Detection, Para Jumbles, etc.

If you are good at grammar, do attempt Comprehension in the end. The comprehension also should be attempted in a way that questions based on vocabulary/phrases are attempted first and then the questions that need a long process through the paragraphs are done with.

 

4.General Awareness Section:

Prepare for this section with  Newspapers that contain daily affairs relating to economics, banks Etc. Reading current affairs makes you to score in this section. Practice weekly current affairs quizzes that can expose you to higher-level competition like the weekly current affairs quiz with Govt Job Posts

                  

Last Minute Preparation Tips for IDBI Assistant Manager:

  • Make a Proper Study Plan based on your SWOT Analysis.

  • Time Management is the key

  • Focus On your Previous Year Question Papers

  • Avoid unnecessary Pressure

  • Revise Each Topic thoroughly as many time as possible

  • Practice the maximum number of Mock Tests.

 

The IDBI Exam is easy to clear compared to other competitive Exams. As this Exam contains more of aptitude questions. The practice is the key to crack the IDBI executive exam. As the exam is based on time, candidates should focus on time management too. You should know all the shortcut methods, especially for the Quantitative part. Plan your Exam strategy and do your best.

 

Refer to the official notification from IDBI for the IDBI Assistant Manager Exam notification

ALL THE BEST!!!

 


Tags : IDBI ASSISTANT MANAGER Exam notification IDBI AM Eligibility IDBI EXAM Qualification

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