The Federal Bank is one of the major private sector banks in India having its headquarters in Kerala. It has 1252 branches spread across 25 states. The federal bank has released their probationary officer recruitment for 2017. The bank has recently opened representatives’ offices in UAE.
With the benefits and security, the banking sectors are attracting a large number of candidates hence making the exam more and more competitive. This notification by the Federal Bank will excite the aspiring candidates.
Post and Payscale:
The Post offered is Probationary Officer. The number of vacancies for the post in not disclosed yet.
The Pay Scale for the post of Probationary Officer is ranging between Rs 23,700 – 42,020 apart from DA, CCA, HRA and other allowances/ benefits. The salary package for an officer posted at Cochin would be Rs 8.04 lakhs, would take back home Rs 43,000 per month (approximately)
Important Dates:
The Registration for the online application form is from June 2nd, 2017 to June 16th, 2017
The Online written test is on June 24, 2017
Eligibility Criteria:
The candidates to be eligible for the Federal Bank PO recruitment should fulfil the conditions given below:
- Candidate should be less than 26 years, as on 1/6/2017
- Must hold 60% marks in standard 12, UG or PG degree, as on June 2017
- The Candidate should be currently residing in Goa, Gujarat, Karnataka, Haryana, Punjab, Orissa and Tamil Nadu.
As it is a private bank the need for IBPS exam score in not required.
Note: There are no relaxations in age for any of the categories ( SC, OBC, & ST)
Selection Process:
The selection process for the Federal Bank PO Recruitment will include the Aptitude Test, Group Discussion and Personal Interview. The Online test consists of 150 marks for 90 minutes. The pattern for the exam is given below:
| Sl No. | Name of the Test | Number of Questions | Maximum Marks | Time |
| I | Verbal Ability – English Language | 30 | 30 | Composite time of 90 minutesfor all the tests together. |
| II | Logical Aptitude  – Reasoning | 30 | 30 | |
| III | Quantitative / Numerical Ability | 30 | 30 | |
| IV | General, Socio- economic & Banking Awareness | 25 | 25 | |
| V | Marketing / Scales Aptitude | 20 | 20 | |
| VI | Digital Banking | 15 | 15 | |
| Total | 150 | 150 | ||
There will be negative marking for each wrong answer marked. The negative mark is 0.25 for each wrong answer. The qualifying mark for the exam will be decided by the bank based on the performance of all the candidates.
Only the shortlisted candidates from the online test will be called for GD and PI
Application Procedure:
- Application fee: Rs 700 and Rs 350 (SC / ST)
- Mode of payment: Online
- Last date: June 16
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