Karur Vysya Bank releases PO recruitment 2017 notification

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The Karur Vysya Bank (KVB) Limited has invited online applications for the post of probationary officers (POs), Scale I cadre, across the various branches. Interested and qualified candidates can apply for the position on the official website of the bank on http://www.kvb.co.in. A leading private sector bank, KVS has not specified the number of posts.

The online registration will start from June 10 and will end on June 19, 2017.

Dates to remember

Opening date of online registration June 10, 2017
Last date of online registration June 19, 2017
Payment of application fees (online) June 10, 2017 to June 19, 2017
Closure date for editing application details June 19, 2017
Last date for printing application July 4, 2017
Date of online exam Tentatively on July 15, 2017

Eligibility criteria
Interested candidate should have completed post- graduation (PG) degree (10+2+3+2 or10+2+5) or double degree holders (10+2+3+2 or 10+2+3+2/3) or Bachelor of Engineering (B.E.) , Bachelor of Technology(B.Tech) Bachelor of Sciences(B.Sc) Agriculture (10+2+4) under regular course from a college affiliated to a recognised university with 60% of marks and above as on May 31, 2017. Candidates who are appearing for the final semester of their PG from a college affiliated to a recognised University (final exam in May / June 2017) can also apply with an aggregate of 60% marks and above without any standing arrears at the time of applying.

Any degree, PG obtained through correspondence or open university is not eligible. If the percentage of marks is in CGPA mode, the same should be converted into an equivalent percentage.

As on May 31, 2017, candidates should be maximum 28 years of age. Candidates should have been born not earlier than June 1, 1989, and not later than May 31, 1999, both days inclusive.

Application process
Candidates are required to apply online through website www.kvb.co.in. No other means/ mode of application will be accepted. Candidates should ensure that their personal email id, as specified in the online application form, is to be kept active. Bank may send call letters for interview to the registered e-mail ID only. A step-by-step guide on how to apply:

1.      Log in to the official website http://www.kvb.co.in
2.      Lick on the Careers tabs
3.      Open the link Apply Online –Click here under Recruitment of Probationary Officers (Scale I cadre) header
4.      Register on the website and login using the registration number and password
5.      Upload photograph and signature in the format mentioned
6.      Fill in all the requisite details
7.      Preview the form again and make the required change
8.      Pay the application fee by online mode only and no other mode of application will be accepted.

Bank transaction charges for online payment of application fees/intimation charges will have to be borne by the candidate. Online application once registered will not be allowed to be withdrawn and application fee once paid will not be refunded under any circumstances nor can it be held in reserve for any other future selection process.

The non-refundable application fee is Rs. 600 for all candidates.

Selection process

Candidates will be selected based on the performance in the written exam through the online mode. Depending upon the number of vacancies, the qualified candidates will be called for personal interview. Bank will inform the individual candidates about the date of interview and venue through registered e-mail only.

The scheme of the online exam is as follows:

Name of the test Number of questions Maximum marks Time allotted for each test (separately timed)
Reasoning 50 50 40 minutes
English language 40 40 30 minutes
General awareness (with special reference to banking) 40 40 20 minutes
Computer knowledge 20 20 10 minutes
Quantitative aptitude 50 50 40 minutes
Total 200 200 140 minutes
Number of answer choices per question is 5

The test will be available in English. There will be penalty for wrong answers marked in the objective tests. For each wrong answer, one-fourth or 0.25 of the marks assigned to that question will be deducted as penalty to arrive at corrected score. If a question is left blank, i.e. no answer is marked by the candidate there will be no penalty for that question.

Emoluments and probation

As per IBA norms, for the first six months of probationary period,the shortlisted candidates will receive basic pay starting at Rs.23,700, along with applicable dearness allowance (DA). From the seventh month of probationary period, full salary i.e. basic pay of Rs.23,700 along with DA, house rent allowance (HRA) per month will be allotted to the candidates. The present cost to the company will be Rs.5.50 lakhs (per annum) approximately, depending upon the place of posting.

Candidates will receive their first increment which will be released after confirmation or 18 months from the date of joining whichever is later.

The probation period will be for 12 months. Confirmation will be subject to satisfactory performance during probation.

The selected candidates will be required to execute service agreement, in non-judicial stamp paper, upon joining the bank undertaking to serve the bank for a minimum period of 3 years and remit Rs.50,000 as staff security Deposit (SSD). In case the candidate leaves before completion of 3 years the SSD amount will be forfeited.

About Karur Vysya Bank 

Karur Vysya Bank (Tamil) is an Indian private-sector bank, headquartered in Karur in Tamil Nadu. Set up in 1916 by M. A. Venkatarama Chettiar and Athi Krishna Chettiar, the bank primarily operates in treasury, corporate/wholesale banking and retail banking segments. KVB provides services such as personal, corporate, agricultural banking and services to NRIs and MSME. Under personal banking, the bank provides housing loan, personal loan; insurance; and fixed deposits among others.

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