Canara Bank Investment Office Recruitment 2010

(A Govt of India Enterprise)
Head Office 112, J C Road, Bangalore

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
Event	Date
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;

Post Name	Total Posts	Age [Years] Min-Max
Investment Officers on Contract	700	21 – 30

Reservations for Investment Officers on Contract:

Post	No. of Posts for
	SC	ST	OBC	UR	Tot	Of which PWD
						VC	HI	OC	Tot
Investment Officers on Contract	106	53	191	350	700	12	11	7	30

State / Union Territory-wise requirement of Investment Officers on Contract is as mentioned below;

Code	State / Union Territory	No. of Posts
11	Andhra Pradesh	47
12	Assam	10
13	Bihar	04
14	Chandigarh	06
15	Chhattisgarh	06
16	Delhi	66
17	Goa	09
18	Gujarat	18
19	Haryana	13
20	Himachal Pradesh	02
21	Jharkhand	08
22	Karnataka	140
23	Kerala	54
24	Madhya Pradesh	09
25	Maharashtra	81
26	Orissa	05
27	Punjab	35
28	Rajasthan	04
29	Tamil Nadu	110
30	Uttar Pradesh	46
31	Uttaranchal	05
32	West Bengal	22
	Total	700

Note: The reservations for the post of Investment Officers on Contract shall be extended on All India basis, as per Government guidelines.

Compensation:

Fixed Pay:

Rs.15000/- per month subject to achievement of minimum threshold premium of Rs.1 lakh per month i.e., Rs.12 lakhs per annum.

Basic	:	Rs.10,000/-
HRA	:	Rs.2,500/- [25% Basic]
Conveyance	:	Rs.1,500/- [15% Basic]
Medical Aid	:	Rs.1,000/- [10% Basic]

Variable Pay:

Over and above the threshold limit, he/she will be entitled for variable pay and the variable pay is equivalent to 15% of the commission received by the Bank, which shall be paid quarterly.

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.

e. Other Benefits:

Casual Leave – 10 days per calendar year
Annual Leave- 20 days in a calendar year

SELECTION PROCEDURE

The selection for the post of Investment Officers on Contract shall be by way of Written Test + Interview.

The test may be conducted On-line / Off-line. The written test shall consist of Objective Test & Descriptive Test. The details of test are as follows;

Test	Subject	No. of Questions	Marks	Time [Minutes]
Objective Test	Test of Reasoning	75	75	135
	Test of Data Analysis & Interpretation	50	50
	Test of General Awareness, Marketing & Computers	50	50
	Test of English	50	50
Descriptive Test*	General Question	Attempt 4 out of 5	100	60

*If the test is conducted ON-LINE, descriptive test will not be there.


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. For details of payment, check Point No.4.
• 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 & 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 & Password safely for your records.

CANDIDATES NEED NOT SEND APPLICATION PRINT / DOCUMENTS AT THIS STAGE.

Click Here to see the detail on the banks official website.

http://www.canarabank.com/English/Scripts/RecruitmentProjecta.aspx