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HO: PERSONNEL DEPT PER: HRD: REC:90: 18-19 17-12-2018

To

The Placement Head

Department of Management Studies
National Institute of Technology
Tiruchirappalli

Dear Sir/Madam,

SUB: RECRUITMENT OF PROBATIONARY OFFICERS

Greetings from The South Indian Bank Ltd.!!

We are happy to associate with you in your Campus Placement Programme. As you are aware, we are a
leading Commercial Bank in Private Sector with more than Rs.1,30,000 crores of business providing the
privileges of anywhere banking, internet banking and mobile banking to our patrons without compromising
the values of traditional banking. With a success history of over 90 years in total banking, we have a
national presence through the sincere efforts of a dedicated team of 8400 personnel. At present we have 857
branches, 54 Extension Counters & 1324 ATMs spread over all States / Union Territories.
To instil young blood into the organisation and to facilitate our business expansion, we are planning to
recruit talented and bright students as Probationary Officers in General Banking/ Business Development
role for our branches/offices located across the country. We are glad to inform you that we have included
your institution for this recruitment programme. We look forward to recruit from the candidates who are
completing their course in the academic year 2018-2019. The Probationary Officers on joining will be
trained on-the-job as well as in our Staff Training College and also in the reputed training colleges of the
industry in major centres. Needless to mention, they will have to work at any branch/office of the Bank and
contribute their might to the Organisational Development, which will be rewarded by fast track career
advancement, based on performance and future potential.
Following are the eligibility criteria for the recruitment process:

 Age should not be more than 25 years as on 31.12.2018. (2 years age relaxation for candidates having
minimum 1 year of prior work experience.)
 Should have secured a minimum of 60% marks in X, XII and Graduation
 Should have cleared all semester/ year of MBA/PGDM in first attempt with minimum 60% marks in
each semester/year. (Also required to pass the remaining semester/year with minimum 60% marks).
 Specialisations:
 Probationary Officer (General Banking) – MBA/ PGDM with Finance/ Marketing as major
specialisation
 Probationary Officer (Business Development) – MBA/ PGDM with Marketing as major specialisation

…2
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The South Indian Bank Ltd, Personnel Department, Head Office, Mission Quarters,
Thrissur, KERALA – 680 001 , Phone/Fax: 91-487-2420020
E-mail: careers@sib.co.in, CIN: L65191KL1929PLC001017 website : www.southindianbank.com
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:: 2 ::

SALARY AND BENEFITS

At present, the maximum annual CTC will be around Rs.8,20,000 in metro cities during probation including
all the monthly and annual benefits as mentioned below.

A candidate on joining as Probationary Officer will draw the emoluments in the following scale of pay:
Rs. 23700- 980/7- 30560- 1145/2- 32850- 1310/7- 42020

Basic Pay : Rs.23700/-

Special Allowance : Rs.1837/- (7.75% of Basic Pay)
DA (quarterly varying) : Rs.15501/- (60.70 % of Basic Pay during November 2018 +
Special Allowance)
HRA (Leased accommodation) : Rs.14250/- *
CCA : Rs.870/- *
Monthly allowances : Rs.1350/- (newspaper, entertainment and fixed conveyance)
DCPS Employer Contribution : Rs.3593/-
Rs.61101/-

* As applicable and varies according to the place of posting.

Apart from this they are also eligible for Annual Medical Aid of Rs. 8000, Closing Allowances and other
benefits such as Free Personal Accident Insurance benefits up to Rs.10,00,000 and medical insurance up to
Rs. 4,00,000 per annum. They are also eligible for “PERFORMANCE LINKED INCENTIVE SCHEME”
as per the terms and conditions existing in the Bank. As per the current norms, the maximum annual eligible
amount is Rs.80,000/- in Scale I cadre.

On joining itself they will be governed by the “Defined Contributory Pension Scheme”, with amendments
thereon from time to time. The said Pension Scheme will be as per the provisions of the New Pension
System under Pension Fund Regulatory and Development Authority.10% of Pay (Basic Pay + D.A) will be
deducted monthly from the salary towards the Pension Fund. An equal amount will be contributed by the
bank.

In respect to the candidates who qualify in the 1st stage (i.e., if provisionally selected, after the selection
process) the institute shall keep informed the Bank, the results of remaining semester exams and furnish
mark lists as and when the results are out. Similarly, they shall inform the Bank the completion of course
and final results, when published. The candidates provisionally selected should give their acceptance in
writing and they shall join the Bank as and when the provisional appointment order is given. The candidates
will have to be specifically informed that the selection is only provisional and they are entitled to get offer
for appointment only if they meet all the eligibility criteria stipulated by the bank, medical fitness and police
clearance. In case the candidate fails to meet the eligibility criteria, the provisional selection will stand
nullified.
…3
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The South Indian Bank Ltd, Personnel Department, Head Office, Mission Quarters,
Thrissur, KERALA – 680 001 , Phone/Fax: 91-487-2420020
E-mail: careers@sib.co.in, CIN: L65191KL1929PLC001017 website : www.southindianbank.com
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:: 3 ::
On joining the service of the bank they have to execute an agreement to the effect that they will serve
the Bank for a minimum period of Three (3) years (active service) from the date of their joining the
Bank. In case they leave the service of the Bank before the expiry of the said period, a sum of Rs.
1,50,000/- (Rupees One Lakh Fifty Thousand only) will have to be paid towards expenses incurred by
the Bank for recruitment, imparting training (both in house and external training including on the
job training), compensation / liquidated damages on account of loss of opportunity for the Bank from
deriving anticipated benefits out of the recruitment process, etc

Apart from above, if they leave or discontinue the service in the Bank without giving notice of three months
(continuous service without leave), they will have to pay three months Pay & Allowance, in lieu of the
notice period.

SELECTION PROCESS
 Online Test
 Group Discussion and Personal Interview

We propose to take up the recruitment programme shortly and expect to appoint the selected candidates in
the Bank’s service after the final semester exams are successfully completed and course completion
certificate from the institutions/college are submitted.

In this regard we request you to forward the details of interested candidates to careers@sib.co.in on or
before 31-12-2018 as per the enclosed excel sheet. While forwarding the list of candidates you are advised
to ensure the following:

 Excel sheet should be complete in all aspects.

 List of candidates should only pertain to your institution
 Candidates should be completing their course in the academic year 2018-19
 List should be sent on or before the mentioned date.
 Additions/ Modifications in the list once sent will not be entertained.

We would like you to inform the candidates about the recruitment process and do all the needful so that we
receive the list of interested candidates within the stipulated time. A preliminary scrutiny of the applications
will be done by the Bank for short-listing the candidates. The names of the short-listed candidates, date and
time for the recruitment process will be informed in due course.

The last date for receipt of eligible candidates list is 31-12-2018.

Looking forward to a fruitful association and thanking you,

Yours faithfully,

Deputy General Manager

Encl: Annexure
(For any clarifications in this regard please contact: HRD Cell (Ph: 0487-2420020)
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The South Indian Bank Ltd, Personnel Department, Head Office, Mission Quarters,
Thrissur, KERALA – 680 001 , Phone/Fax: 91-487-2420020
E-mail: careers@sib.co.in, CIN: L65191KL1929PLC001017 website : www.southindianbank.com