Nainital Bank SO Recruitment 2020 Announced: Nainital bank has announced a total of 12 vacancies for the post of Chartered Accountant, Credit Officers, Risk Officers, Marketing Officers, Law Officer, and Planning Officer. Candidates who want to apply for Nainital Bank SO Recruitment 2020 can submit their duly typed application By registered or speed post to the address mention below. Also check Official Notification, Posts, Salary, Eligibility Criteria, Educational Qualifications, Selection Process and lot more in the below article.
Send your Nainital Bank SO Application form to:
The Vice President (HRM), The Nainital Bank Limited, Head Office, 7 Oaks Building, Mallital, Nainital-263001 (Uttarakhand)’ in the prescribed format (as given below in this notification).
Application format/form is given along with the official notification.
Click here to Download Detailed Official Nainital Bank Notification PDF!
List of Vacancies & Age Criteria for SO: Post Wise
A total of 12 vacancies have been released for 6 different posts based on some educational qualification, experience and age criteria. Age criteria for each post are mentioned below with a minimum and maximum age of the applicant required.
Post-Sr. No. | Name of the Post | Grade/ Scale | No. of Vacancies | Age in Years as on 30.06.2020 | |
Minimum | Maximum | ||||
1. | Chartered Accountants | Officers’ Grade/ Scale I | -03- | 22 | 32 |
2. | Credit Officers | Officers’ Grade/ Scale I | -20- | 22 | 32 |
3. | Risk Officer | Officers’ Grade/ Scale I or II | -01- | 22 | 32 |
4. | Marketing Officers | Officers’ Grade/ Scale I | -04- | 22 | 32 |
5. | Law Officer | Officers’ Grade/ Scale I | -01- | 22 | 32 |
6. | Planning Officer | Officers’ Grade/ Scale I | -01- | 22 | 32 |
Probation Period/Bond in Nainital Bank SO Recruitment 2020
For the officers of scale-1 and scale-II, there is a probation period or bond period of 2 years and the amount of bond has been set to Rs 2 Lac by the organization. One has to fill the Bond before he/she joins the organization.
Offices Grade/ Scale | Amount of Bond | Bond Period |
Grade/Scale-I /II | Rs. 2.00 Lacs | 02 Years |
Nainital Bank SO Eligibility Criteria: Educational Qualifications
One has to fulfil all the educational qualification as directed by the organization. Students before applying must subject to all the eligibility criteria as failing to meet the requirements may lead to failure of your application. Check the educational qualification and experience required for each post in detail below.
Post Sr. No. | Post Name | Essential Qualification as on 30.06.2020. | Post qualification Experience as on 30.06.2020 |
1. | Chartered Accountant | Associate Chartered Accountant (ACA)/ Fellow Chartered Accountant (FCA) from Institute of Chartered Accountants of India (ICAI). | Desired Experience: Minimum -2- years’ in profession/ service. |
2. | Credit Officers | Full time/ Regular degree of B.Com/ M.Com with minimum 60% marks from a recognized University. | Essential Experience: Minimum -2- years’ experience with Banks/ NBFCs/ FIs in credit appraisal and processing. |
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| Preference will be given to the candidates having qualification of MBA (Finance/ Banking)/ Post Graduate Diploma in Business Administration (Finance/ Banking) with min. 60% marks from a recognized University or AICTE approved Institute. |
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3. | Risk Officer | Full time/ Regular degree of MBA (Finance)/ Master Degree in (Mathematics/ Statistics/ Econometrics) with min. 60% marks from a recognized University or AICTE approved Institute | Desirable Experience: Candidates having experience in Risk Management Department/ Financial Service of Bank/ FIs. |
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| Preference will be given to candidates having Certification in ‘Risk in Financial Services’ from IIBF/ ‘Integrated Risk Management’ from NIBM/ GARP- FRM-I or II/ Chartered Financial Analyst (CFA) |
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4. | Marketing Officers | Full time/ Regular degree of MBA (Marketing) with min. 60% marks from a recognized University or AICTE approved Institute. | Essential Experience: Minimum -2- years’ experience with Banks in the marketing of Banking Products. |
5. | Law Officer | Full time/ Regular 3/5 years Professional Degree in Law with minimum 60% marks from a recognized University/Institute. | Desired Experience: Preference will be given to those candidates who are handling legal matters at corporate/ controlling offices of Banks/ Financial Institutions. |
6. | Planning Officer | Full time/ Regular degree of MBA (Finance) or MA (Economics) with min. 60% marks from a recognized University or AICTE approved Institute. | Desirable Experience: Candidates having experience in the Planning Department of Bank/ FIs. |
Application Fees:
Application fees of Rs. 1000/- including GST which should be submitted through Demand Draft in favour of the Nainital Bank Limited payable at Nainital (Uttarakhand) and the same should be attached with the application form.
Nainital Bank SO Salary 2020 Details:
Basic pay for each post is different based on their work. Other special allowance and benefits will also be provided to the employee as per the law in force. Check Nainital Bank SO salary in detail. Annual CTC along with the other allowances and basic pay is also mentioned below. Check the details of the salary for each mentioned post below as specifies by the organization.
Post-Sr. No. | Post Name | Pay Scale/ CTC |
1. | Chartered Accountant | Pay Scale of Rs. 23700 -980/7- 30560- 1145/2- 32850- 1310/7- 42020 plus Special Allowance @ 7.75% of Basic Pay + Dearness Allowance thereon (under revision at Industry level). CTC would be approx. Rs. 7.00 lacs per annum. |
2. | Credit Officer | Pay Scale of Rs. 23700 -980/7- 30560- 1145/2- 32850- 1310/7- 42020 plus Special Allowance @ 7.75% of Basic Pay + Dearness Allowance thereon (under revision at Industry level). CTC would be approx. Rs. 7.00 lacs per annum. |
3. | Risk Officer G/S-I | Pay Scale of Rs. 23700 -980/7- 30560- 1145/2- 32850- 1310/7- 42020 plus Special Allowance @ 7.75% of Basic Pay + Dearness Allowance thereon (under revision at Industry level). CTC would be approx. Rs. 7.00 lacs per annum. |
Risk Officer G/S-II | Rs. 31705-1145/1-32850-1310/10-45950 plus Special Allowance @ 7.75% of Basic Pay + Dearness Allowance thereon (under revision at Industry level). CTC would be approx. Rs. 9.00 lacs per annum. | |
4. | Marketing Officer | Pay Scale of Rs. 23700 -980/7- 30560- 1145/2- 32850- 1310/7- 42020 plus Special Allowance @ 7.75% of Basic Pay + Dearness Allowance thereon (under revision at Industry level). CTC would be approx. Rs. 7.00 lacs per annum. |
5. | Law Officer | Pay Scale of Rs. 23700 -980/7- 30560- 1145/2- 32850- 1310/7- 42020 plus Special Allowance @ 7.75% of Basic Pay + Dearness Allowance thereon (under revision at Industry level). CTC would be approx. Rs. 7.00 lacs per annum. |
6. | Planning Officer | Pay Scale of Rs. 23700 -980/7- 30560- 1145/2- 32850- 1310/7- 42020 plus Special Allowance @ 7.75% of Basic Pay + Dearness Allowance thereon (under revision at Industry level). CTC would be approx. Rs. 7.00 lacs per annum. |
Important Note:
The application form should reach the mentioned address on or before the 21st July 2020. No application after this date shall be accepted for the recruitment process.
Documents to be sent along with Application form:
- Proof of age: Copy of mark sheet or document having proof of your date of birth. Like Copy of passing Secondary or high school/ 10th Certificate or 12th Certificate.
- Copy of mark sheet to support your education qualifications.
- Appropriate document(s) in support of essential as well as desirable and post-professional qualification.
Selection Procedure Nainital Bank Specialist Officer 2020:
Applicants will be called for the interview round directly. However, the bank may conduct written examination to shortlist candidates for the interview round. which will depend on the number of applications received.
Interview: Parameters for shortlisting the candidates will be decided by the bank. Just fulfilling the required eligibility would not vest any right in candidates for being called for the interview round.
Merit List: Merit list for selection will be prepared in descending order on the basis of scores obtained in interview only. In case more than one candidate scores the cut-off marks (common marks at cut-off point), such candidates will be ranked according to their age in descending order, in the merit. The marks obtained in the written examination will also be reckoned for arriving at the final merit list (only if a written test is conducted by the Bank).
Students, this was all about Nainital bank SO recruitment 2020. If you fulfil all the required eligibility criteria, then must apply before 21st July 2020. If you have any query, do let us know below in the comment section.
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