Recruitment of probationary Officers in Punjab and Sind Bank - 440 Nos

Recruitment of probationary Officers in Punjab and Sind Bank - 440 Nos

Punjab and Sind Bank New Delhi
(A government of India undertaking)
Head office - Bank house, 21 Rajendra place, New Delhi-110125

Punjab and Sind Bank officers recruitment project – 2011-2012

Punjab and Sind Bank invites online applications from Indian citizens for appointment of officers in JMGS-I, MMGS-II and MMGS-III

Candidates are required to apply on-line through Bank’s website www.psbindia.com. No other means/mode of application will be accepted

IMPORTANT DATES

Opening date for online registration of application: 09.10.2010

Closing date for online registration of application for Probationary officers and specialist officers (for all applicants including those from far flung areas): 08.11.2010

Payment of application fee (demand draft/pay order): 09.10.2010 to 08.11.2010

Last date for receipt of application printout at the prescribed address: 15.11.2010

Last date for receipt of application printout at the prescribed address (from far flung areas): 22.11.2010

Tentative dates of written test (Probationary officers/specialist officers): 16.01.2011/23.01.2011

Probationary officer; JMG Scale-I; scale of pay Rs 14500-25700/-; number of vacancy 440; age as on 30.09.2010 minimum 21 years maximum 30 years

Hindi officer; JMG Scale-I; scale of pay Rs 14500-25700/-; number of vacancy 10; age as on 30.09.2010 minimum 21 years maximum 30 years

Security officer; JMG Scale-I; scale of pay Rs 14500-25700/-; number of vacancy 25; age as on 30.09.2010 minimum 21 years maximum 30 years

Agriculture Field officer (in generalist cadre); JMG Scale-I; scale of pay Rs 14500-25700/-; number of vacancy 100; age as on 30.09.2010 minimum 21 years maximum 30 years

Chartered accountant; MMG Scale-II; scale of pay Rs 19400-28100/-; number of vacancy 30; age as on 30.09.2010 minimum 21 years maximum 32 years

EDP officer; MMG Scale-I; scale of pay Rs 19400-28100/-; number of vacancy 50; age as on 30.09.2010 minimum 21 years maximum 32 years

FOREX officer (in generalist cadre); MMGS Scale-II; scale of pay Rs 19400-28100/-; number of vacancy 25; age as on 30.09.2010 minimum 21 years maximum 32 years

FOREX officer (in generalist cadre); MMGS-III; Rs 25700-31500/-; number of vacancy 10; age as on 30.09.2010 minimum 21 years maximum 35 years

EDP officer; MMG Scale-III; scale of pay Rs 25700-31500/-; number of vacancy 10; age as on 30.09.2010 minimum 21 years maximum 35 years

Total: 700

DA, HRA/leased accommodation, CCA, Medical, LTC, Pension, PF, Gratuity etc will be admissible as per Bank’s rules. New appointees will be covered by a defined contributory pension scheme as introduced for employees of central govt w.e.f. 1st January, 2004 and modified from time to time for payment of pension. However, the existing PSB (employees) pension regulations, 1995 will not be applicable for them 

Eligibility criteria

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 1st January, 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, the United Republic of Tanzania (formerly Tanganyika and Zanzibar), Zambia, Malawi, Zaire, Ethiopia and Vietnam with the intention of permanently settling in India. Provided that a candidate belonging to categories (ii), (iii), (iv) & (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 production of necessary eligibility certificate issued by the govt of India

Relaxation in upper age limit: SC/ST candidates 5 years; OBC candidates 3 years; Ex-service commissioned officers, including ECOs/SSCOs 5 years and for posts where selection is through written test and interview 3 years plus period of service in armed forces for selection through interview only, subject to his not exceeding the age of 50 years; Persons domiciled in Kashmir Division of Jammu & Kashmir state during the period from 01.01.1980 to 31.12.1989 5 years; officers serving in the regional rural banks and who have put in a minimum of 5 years of service
5 years; Physically challenged category candidates 10 years

Educational qualifications and post qualifications work experience (as on 30.09.2010)

Post educational qualification experience (Probationary officer (JMGS-I)

Essential: Graduate in any discipline with minimum 55% marks (for SC/ST/PC 50%) in aggregate from a University recognized by govt of India

Desirable: Computer qualification like diploma in computer operations from NIIT, SSI, Aptech, CMC, DOEACC course/certificate (O/A/B/C) level or from any other reputed Institute or candidate should have studied computer as one subject at graduation/degree level

Hindi officer (JMGS-I): Post graduate degree in Hindi with English as a subject in degree level or postgraduate degree in Sanskrit with English and Hindi as subjects in degree level

Desirable: Two years experience of translation in a full time period post in an organization

Security officer (JMGS-I): An officer with 5 years commissioned service in the Army/Navy/Air Force or a Police officer not below the rank of Asstt SP/Dy SP with 5 years of service or officers of identical rank in para military forces with 5 years service

Agriculture Field officer (JMGS-I): Graduate with minimum 55% marks (for SC/ST/PC 50%) in Agriculture/Horticulture/Animal Husbandry/Veterinary Science/Dairy Science/ Agriculture Engineering/ Fishery Science/ Pisciculture/ Agriculture Marketing and Cooperation from a University recognized by govt of India or post graduate degree in any of the above disciplines. Knowledge of computer desirable

Chartered accountant (MMGS-II): Graduate of any recognized university with a pass in the final examination of the Institute of chartered accountants of India (ICAI). Candidates having experience of minimum two years in Banking/Financial Institutions (specially in project appraisal/ Risk Management/Treasury/Foreign Exchange/Merchant Banking etc) will be preferred

EDP officer (MMGS-II): Degree in engineering in the field of computer science/IT or MCA from a University/Institute recognized by govt of India. Two years in any bank/financial institution in the cadre of JMGS-I or equivalent. Candidates working on core banking solution (CBS) platform (FINACLE), will be preferred

FOREX officer (MMGS-II): CA/ICWA/MBA (Finance) from a recognized university/institution with recognition from AICTE with basic knowledge of computer operations or graduate with minimum 55% marks (for SC/ST/PC candidates 50%) having relevant experience in foreign exchange of any public sector bank with basic knowledge of computers. Diploma in foreign trade/export finance is desirable. Two years experience in Bank/ Financial Institution, exclusively in International trade finance-import and export, LCs, guarantees, arranging buyer’s credit, supplier’s credit; remittances; NRI services; handling ECGC matters; statistical returns to regulators

Knowledge required: (i) FEMA, FEDAI Guidelines, EXIM Policy, UCPDC 500/600, eUCP 500/600, URC 522, URR 525, URDG 458, ISBP 645 (ii) Basic knowledge of treasury operations

FOREX officer (MMGS-III): CA/ICWA/MBA (Finance) from a recognized university/Institution with recognition from AICTE with basic knowledge of computer operations or graduate with minimum 55% marks (for SC/ST/PC candidates 50%) having relevant experience in foreign exchange of any public sector bank with basic knowledge of computers. Diploma in Foreign Trade/Export Finance is desirable. Five years experience in Bank out of which minimum two years should be in MMGS -II, exclusively in International trade finance-import and export, LCs, guarantees, arranging buyer’s credit, supplier’s credit; remittances; NRI services; handling ECGC matters; statistical returns to regulators

Knowledge required: (i) FEMA, FEDAI Guidelines, EXIM Policy, UCPDC 500/600, eUCP 500/600, URC 522, URR 525, URDG 458, ISBP 645 (ii) Basic knowledge of treasury operations. Candidates have to produce experience certificate from their employer in this regard

EDP officer (MMGS-III): Degree in engineering in the field of computer science/IT or MCA from a University/Institute recognized by govt of India. Five years in any bank/financial institution out of which minimum two years should be in MMGS-II or equivalent. Candidates working on core banking solution (CBS) platform (FINACLE) will be preferred

All educational qualifications should be from a recognized Board/University/Institute. The educational qualifications prescribed for the posts are the minimum requirements for eligibility. Candidates must possess above qualifications/work experience as on 30.09.2010 and must submit marks sheet and degree issued by the University if called for interview

Candidates should ensure that he/she fulfils the eligibility criteria and other norms including being in possession of documents specified in this notification before applying for any posts

A candidate should submit only one application for one post. Multiple applications for any one post will be summarily rejected and the application fees will be forfeited. Those candidate who want to apply for more than one post, should submit a separate application for each post along with requisite fees

An officer/employee, who availed himself of voluntary retirement from our bank under VRS, shall be ineligible for re-employment with our bank

Application once made will not be allowed to be withdrawn and fee once paid will neither be refunded on any account nor can be held in reserve for any other selection process

Candidates are required to apply online only. Candidates are advised in their own interest to apply online much before the closing date and not to wait till the last date to avoid the possibility of disconnection/inability/failure to log on the Bank’s website on account of heavy internet/website jam

The Bank does not assume any responsibility for the candidates not being able to submit their applications within the last date for any reason beyond the control of the Bank

Care has to be taken by the applicant while submitting information in the application relating to relaxation sought based on caste/category etc as no further changes will be allowed in the application

The advertisement notifying the vacancies is also available on Bank’s website www.psbindia.com candidates are advised to remain in touch with Bank’s website for any information which may be put for further guidance

The candidates must affix their recent passport size coloured photograph at the place indicated in the call letter for written test and must sign across the photograph so that a part of the signature spreads over the call letter beyond the photograph. They should also keep (05) five copies of the same photograph for future, if required. It should be noted that black and white photograph will not be accepted and call letters containing such photograph will be rejected

Candidates selected for appointment in the Bank will be required to furnish a bond of Rs 1,00,000/- in case of specialist cadres (including agriculture field officers and forex officers) and Rs 50,000/- in case of Probationary officers. The candidate will also have to furnish one surety acceptable to the Bank in the specified proforma before joining the Bank on his/her selection for rendering service for a minimum period of three years from the date of joining the Bank. In the event of their resignation/termination from the post before the end of the specified period, they will have to refund to the Bank the said amount of the Bond

Selection procedure: All eligible candidates must submit their applications on or before the last date of receipt of applications. Final selection will be made on the basis of performance in the written test and/or interview taken together. Merely satisfying the eligibility norms does not entitle a candidate to be called for written test or interview and Bank reserves the right to reject any application without assigning any reason whatsoever

The written test (objective tests + Descriptive Paper) will be as under

Objective tests consisting of Test of Reasoning Ability, Quantitative Aptitude, General Awareness, Computer Knowledge, English Language and Descriptive Paper of English Composition (for Probationary officer post)

Objective Tests consisting of Test of Reasoning Ability, Quantitative Aptitude, General Awareness, English Language and Descriptive Paper of Professional Knowledge (for all other posts)

There will be negative marks for the wrong answers in the Objective tests, 1/4th mark will be deducted for each wrong answer. Candidates will have to pass in each of the objective tests

The passing marks in each of the tests including descriptive paper will be decided by the Bank on the basis of the performance of all the competing candidates taken together in each test to a minimum required level. Candidates are also required to score a minimum 40% cut-off (35% for SC/ST/OBC) marks in aggregate to be considered for being called for interview. Bank reserves the right to vary cut-off marks

Interview: Depending upon the number of vacancies only a certain number of candidates from amongst those who qualify by ranking sufficiently high in merit on the basis of aggregate marks in the written test will be called for the interview. The candidate has to secure minimum passing marks in the interview to become eligible for final selection

Final selection will be made on the basis of aggregate marks obtained by the candidates in the written test and Interview taken together and will be strictly according to the merit

The written tests for Probationary officers and specialist officers will be scheduled at the following centres and the address of the venue will be advised in the call letter

Bhopal, Chandigarh, Lucknow, Amritsar, Chennai, Guwahati, Ranchi, Bhubneshwar, New Delhi, Mumbai, Kolkata, Hyderabad

Request for change of centre of examination shall not be entertained. The Bank, however, reserves the right to cancel any of the centres and/or add other centres, depending on the response, administrative feasibility etc. The Bank also reserves the right to allot the candidate any centre other than the one he/she has opted for and the right to waive any of the criteria for selection looking at the requirement and exigencies

Pre-examination training (for Probationary officers): It is proposed to impart free pre-examination training to a limited number of candidates belonging to SC/ST/Minority communities on first come first served basis at Chandigarh, New Delhi, Mumbai, Chennai, and Kolkata. Training centres may also be reduced/increased or changed at the discretion of the Bank. An eligible candidate who wishes to avail pre-examination training should fill in the relevant column in the application format. Expenses regarding traveling, boarding, lodging etc will be borne by the candidate for attending the pre-examination training programme at the concerned training centre

Application fee/postage charges (non-refundable): SC/ST/Physically Challenged (PC) Rs 50/-(postage only); General/OBC/Ex-serviceman Rs 400/-(including postage)

Requisite application fee/postage charges be sent by demand draft/pay order favouring Punjab and Sind Bank- recruitment project 2011-12 Probationary officers payable at Mumbai only and Punjab and Sind Bank- recruitment project 2011-12 specialist officers payable at Mumbai only.

Candidate’s name, address/post applied for and name of the centre should be written on the reverse of the demand draft/pay order

Please note that cash/cheque/money orders/postal order/postal stamps etc will not be accepted

Applications not accompanied by requisite application fee/postage charges will not be entertained

How to apply: Candidates are required to apply online through Bank’s website www.psbindia.com. The guidelines for filling online application are as under

Candidate should have a valid personal e-mail ID. In case, candidate does not have 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 their demand draft, particulars of qualification, experience, if any ready before applying on-line, as the details are required to be entered in the on-line application. Please note that without valid demand draft/pay order details, on-line registration of application will be summarily rejected

Demand draft should be purchased on any date between 09.10.2010 and 08.11.2010. Please note that even if the last date for applying online is extended for any reason the dates for payment of fees will remain the same

Demand draft should be for requisite amount and should be in favour of Punjab and Sind Bank- recruitment project 2011-12 Probationary Officers payable at Mumbai only and Punjab and Sind Bank- recruitment project 2011-12 specialist officers payable at Mumbai only

Candidate’s name, address, registration number, post applied for and name of the centre should be written on the reverse of the demand draft/pay order

After submission of application on-line, a system generated registration number and password will be allotted to the applicant. Thereafter, the candidate should obtain a system generated print out of the application

A recent passport size photograph should be affixed on the application at appropriate place and should be signed across it. Then, send the signed application along with demand draft and other necessary certificates/ documents

Manual corrections in system generated print out of application will not be entertained and such applications will be rejected. If a candidate wishes to make any correction in the applicationthere is a 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 10.11.2010. After making the modifications please take a fresh printout of the system generated online application form. Modification will be allowed only 3 times. After the last date, no modification will be permitted. No modification should be made, after sending the application by post

Candidates applying for more than one post are required to take demand drafts for each post separately and are required to apply on-line for each post separately

Application for each post should be sent to the respective address separately

System generated print out of the application, complete in all respect, should be sent by ordinary post only in a cover super scribing print out of application for the post of Probationary Officer/ Specialist Officer (as the case may be) in Punjab and Sind Bank

The duly filled in applications are to be sent at the following address

For Probationary Officers-post box no 7640, Malad west, Mumbai-400064

For Specialist Officers-post box no 27675, Malad east, Mumbai-400097

Call letters for written examination: All eligible candidates will be issued call letters at the correspondence address given by the candidates in their application forms, which will be sent by ordinary post

An eligible candidate who does not receive the call letter by 10.01.2011 (for Probationary Officers) can download his/her call letter and the Information handout from the Bank’s website between 11.01.2011 and 15.01.2011 and eligible candidate (for Specialist Officers posts) who does not receive the call letter by 17.01.2011 can download his/her call letter and the Information handout from the Bank’s website between 18.01.2011 and 22.01.2011