IBPS Recruitment Notification 2025: The Institute of Banking Personnel Selection (IBPS) has announced the recruitment for the position of Deputy General Manager (Financial & Allied Services) on a fixed-term contract basis, with one vacancy at IBPS, Mumbai. The role requires candidates aged between 50 and 61 years, holding qualifications like B.Com/ M.Com, MBA (Finance), or CA, and possessing 20-25 years of relevant experience in finance and accounts.
The selection process will involve a personal interview, and the application is open from 01.04.2025 to 21.04.2025. The selected candidate will receive a CTC of approximately Rs. 20.50 lakhs per annum, with a contract duration of three years, extendable based on performance. Interested candidates can apply online through the IBPS website.
| Category | Details |
|---|---|
| Post Name | Deputy General Manager (Financial & Allied Services) |
| Nature of Engagement | Fixed Term Contract |
| No. of Vacancies | 01 |
| Selection Process | Shortlisting & Interview |
| Place of Posting | IBPS, Mumbai |
| CTC (Cost to Company) | Approx. Rs. 20.50 lakhs per annum (includes Medical Benefits, Medi-Claim, Leave Encashment, etc.) |
| Contract Duration | Initial term of 3 years, subject to yearly review, extendable up to the age of 65 years. |
| Eligibility Age (as of 01.04.2025) | Minimum: 50 years, Maximum: 61 years (Born between 02-04-1964 and 01-04-1975) |
| Educational Qualifications | B.Com/M.Com or equivalent (MBA Finance/CA/CAIIB) from a recognized University/Institution |
| Post Qualification Work Experience | 20-25 years in Finance, Accounts, Taxation, Internal Audit, Budget Preparation, Recovery, Investment, etc. |
| Preferable Experience | Retired DGM from a Public Sector Bank with at least 2 years in the Accounts Department within the last 7 years. |
| Eligibility Criteria | Integrity must be impeccable; no criminal cases pending; no prior suspensions or dismissals from service. |
| Job Responsibilities | Handle Finance, Taxation, Accounts, Internal Audit, Budget Preparation, Recovery, Investment, etc. |
| Medical Fitness | Medical Fitness Certificate from a civil surgeon or doctor on the panel of LIC of India/PSBs is mandatory at the time of joining. |
| Police Verification | Police verification is mandatory for the selected candidate. |
| Application Dates | Online Registration: 01.04.2025 to 21.04.2025 |
| Interview Dates | May 2025 (tentative) |
| Application Mode | Online only; no other mode of application will be accepted. |
| Important Notes | Only one application per candidate; ensure correct details as no changes can be made post-submission. |
IBPS Recruitment 2025
The Institute of Banking Personnel Selection (IBPS) has opened applications for the position of Deputy General Manager (Financial & Allied Services) on a fixed-term contract basis. This role is based in IBPS, Mumbai and presents an exciting opportunity for seasoned professionals in the finance sector.
| Event | Tentative Dates |
|---|---|
| Online Registration | 01.04.2025 to 21.04.2025 |
| Personal Interview | May 2025 |
The selected candidate will be appointed for the current vacancy, with a waitlist maintained for six months for any future needs.
IBPS Recruitment 2025 Eligibility Criteria
Age, Qualifications, and Work Experience
Age (as on 01.04.2025): Candidates must be between 50 and 61 years (born between 02-04-1964 and 01-04-1975).
Educational Qualifications: Candidates must hold a B.Com/ M.Com degree or equivalent qualifications such as MBA (Finance), CA, or CAIIB.
Post Qualification Minimum Work Experience: A minimum of 20-25 years of experience in areas like Finance, Accounts, Taxation, Internal Audit, Budget Preparation, Recovery, and Investment. Experience in Scheduled Commercial Banks, Government Bodies, or Public Sector Undertakings is required.
Preferable: Retired Deputy General Managers (DGM) from Public Sector Banks or equivalent organizations with at least 2 years of experience in the Accounts Department during the last 7 years. A certificate of post-qualification experience must be provided.
Other Eligibility Criteria
- Integrity: A clean service record is essential.
- Criminal Record: No pending criminal cases or convictions.
- Service Record: Those who have been suspended, dismissed, or removed from service are ineligible.
Terms of Appointment & Compensation
Cost to Company (CTC): The CTC for the Deputy General Manager is approximately Rs. 20.50 lakhs per annum. The compensation includes Medical Benefits, Medi-Claim, Leave Encashment, Performance-linked incentives, Telephone and Newspaper bill reimbursements, and Canteen Subsidy as per IBPS’s existing rules.
Duration of the Contract: The contract will be for three years, with annual reviews. It may be extended based on performance, physical fitness, and adherence to the prevailing guidelines, with a maximum age limit of 65 years.
Job Description / Responsibilities
The Deputy General Manager will manage responsibilities related to Finance, Taxation, Accounts, Internal Audit, Budget Preparation, Recovery, Investment, and Purchasing. Additional duties may be assigned as per the Institute’s requirements.
IBPS Recruitment 2025 Selection Process
1. Personal Interview
The selection process will consist of a personal interview. Candidates will be shortlisted based on their qualifications, experience, and the information provided in their application.
2. Final Selection
Final selection will be based on the marks obtained in the personal interview.
3. Mode of Selection
IBPS reserves the right to modify the selection process based on the number of candidates. Meeting the minimum qualifications does not guarantee an interview.
4. Eligibility Verification
Candidates will be admitted to the interview based on the information provided in their application. Eligibility will be verified at the time of the interview, and candidates must bring their original documents for verification.
5. Disqualification
Candidates providing false information or failing to produce original documents may be disqualified at any stage of the recruitment process.
IBPS Recruitment 2025 How to Apply?
Candidates can apply online only from 01.04.2025 to 21.04.2025. No other mode of application will be accepted, and candidates must ensure that only one application is submitted. If multiple applications are submitted, only the latest valid application will be considered.
Procedure for Applying Online
- Visit IBPS Website: Go to the IBPS official website www.ibps.in and click on the “CLICK HERE TO APPLY ONLINE” link to open the online application form.
- Registration:
Click on “CLICK HERE FOR NEW REGISTRATION” to enter your basic details in the online form. Ensure you do not use any special characters. Once registered, a Provisional Registration Number and Password will be generated and displayed on the screen. - Note Down Details: Keep a record of the Provisional Registration Number and Password. You will also receive an Email and SMS with these details. You can use these credentials to revisit and edit your application.
- Upload Documents: Upload your photograph, signature, and other required documents as per the specifications mentioned in the advertisement’s Annexure.
- Save and Review: Before submitting, use the “SAVE AND NEXT” option to review your application details. No changes can be made once the application is submitted, so double-check for accuracy.
- Complete Registration: Once you are satisfied with the details, click “COMPLETE REGISTRATION”. After successful submission, take a printout of the application for future reference.
- Email/SMS Acknowledgment: After successful registration, you will receive an email/SMS with your Registration Number and Password as confirmation. If you do not receive this, it could mean your application was not successfully registered.
- Incomplete Applications: Applications without the required documents, photograph, and signature will be considered invalid. Ensure all parts of the application are completed.
- Submission Deadline: IBPS does not take responsibility for any technical issues that may prevent the timely submission of applications. Ensure you submit your application before the deadline.
IBPS Recruitment 2025 General Instructions
- Candidates must submit required documents, including a valid call letter and ID proof, during the selection process.
- Applicants should meet eligibility criteria before applying.
- All necessary documents must be uploaded; otherwise, the application will not be considered.
- IBPS decisions on eligibility, documents, and selection are final. No queries will be entertained.
- Once submitted, online applications cannot be withdrawn.
- Shortlisting is provisional; verification occurs during the interview.
- If found ineligible during the interview, candidates will not be allowed to proceed or claim travel expenses.
- Legal disputes will fall under Mumbai jurisdiction.
- Canvassing leads to disqualification.
- IBPS can modify or cancel the recruitment process as needed.
- False or incorrect information leads to disqualification and potential termination if discovered post-appointment.
- Only external candidates with relevant experience can apply.
- Meeting minimum qualifications does not guarantee selection; the screening committee may set higher cutoffs.
- Applying does not guarantee progression in the recruitment process.
- The contract-based job is not considered regular employment, and benefits like PF/Gratuity do not apply.
- Contracts end automatically after three years unless extended.
- Candidate signatures must match across all documents.
- IBPS is not responsible for misapplications due to third-party involvement.
- Call letters and updates will be sent via email/SMS only.
- Hard copies of applications should not be sent.
- IBPS is not liable for non-receipt of updates due to technical issues or changes in contact details.
- No separate notifications will be sent to unselected candidates.
- IBPS reserves the right to cancel the recruitment process at any stage.
- Candidates with adverse reports on character or past misconduct are ineligible.
- The role demands full-time commitment (24×7 availability).
- Selection is subject to medical fitness.
- Posting will be in Mumbai, and candidates must arrange their own accommodation.
Joining IBPS offers a stable career in one of India’s leading financial institutions. With a rewarding compensation package and opportunities for professional growth, this role is ideal for experienced individuals in the banking and finance sector.
For those who meet the eligibility criteria and wish to contribute their expertise to IBPS, the Deputy General Manager (Financial & Allied Services) position is an excellent opportunity. AUBSP strongly encourages eligible candidates to apply for this role and stay updated with future banking sector recruitment news from AUBSP.
To apply, visit the IBPS official website today!
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