Visakhapatnam Cooperative Bank Ltd | Recruitment of Probation Officers (Assistant Managers)

Applications are invited for appointment to the Post of Probationary officers (Asst Managers) in The  Visakhapatnam Cooperative Bank Ltd., Visakhapatnam.

Important Dates:

#Opening Date for ON-LINE Registration of  Application and Payment of fee
11-01-2022 (Tuesday) from 
10.00A.M 

#Closing Date for ON-LINE Registration of 
Application and Payment of fee
31-01-2022 (Monday) Up to 
4.00 P.M

#Date of online Test In the month of February/March
2022

Vacancies:
Number of Vacancies: 30.

1. Pay Scale & emoluments.
The candidates will be on probation for a period of two years. They will be rotated in different branches during their probation period. During probation a consolidated Pay of Rs.28,000/- will be given . After satisfactory completion of Probation period they will be fixed in the scale given below:Rs. 14900-480-17300-560-20100-650-23350-760-27150-880-33310. The total initial emolument will be around Rs.35,000/-.During the probation period, they will undergo training, during which tests will be conducted. On
satisfactory performance in such tests, and basing on the reports of their higher officers, they will be considered for confirmation.

Eligibility Criteria: 

a. The candidate must be a 1ST Class Graduates in regular stream from recognized university. 

b. Candidate should have proficiency in speaking, writing and reading English and Telugu languages.

c. Computer Knowledge is required.

d. The age of the applicant should be Minimum 20 and up to Maximum 32 Years as on 31-12-2021.(Should have born between 01-01-1990 to 31-12-2001 both days inclusive)

e. Staff working in The Visakhapatnam Cooperative Bank Ltd., can also apply if there are otherwise 
eligible.

Proposed Application Fee (Non Refundable):

The application fee is Rs.1,000/- (including GST) which is not refundable.

The Visakhapatnam Cooperative Bank ltd. is at present having branches in Andhra Pradesh & Telangana states. Hence selected candidates will be posted in these two states. However as the Bank is likely to expand to other states also, the candidates should be prepared to work in any place in the Area operations of the 
Bank.

Bank Transaction charges for online Payment of fees/intimation charges will have to be borne by the candidate. 

Proposed Selection Procedure:

The selection of the candidates shall be made on the basis of Online Test /Examination and interview. 
The Online Test/Examination will be conducted in English. All the Eligible Candidates who apply with 
the requisite fee and whose applications are received in time will be called for an Online 

Test/Examination, which will comprise the following:

(a) Online Test /Examination marks : 150 marks & interview -25 marks;

(b) There shall be Negative Marking for Wrong answers:

(c) Online Test/Examination question contents would be as under:
Total Questions -123 questions – 150 marks

Note: Each Question will have five alternatives except descriptive. Descriptive Questions contains Essay 
Writing, Letter Writing and Précis Writing

(d) Other detailed information regarding the Online Test/examination will be given in an Information Handout which will be made available for the candidates to download along with the call letter for 
examination from the Bank’s Website.

(e) PENALTY FOR WRONG ANSWERS:

There will be penalty for each wrong answer marked in the objective Test. For each question for  which a wrong answer has been given by the candidate, one fourth 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.

Process for Arriving Scores:

The Scores of Online Examination are obtained by adopting the following procedure: 

(i) Number of questions answered correctly by a candidate in each objective test is considered for arriving at the Corrected Score after applying penalty for wrong answers. 

(ii) The Corrected Scores so obtained by a candidate are made equivalent to take care of the minor difference in difficulty level, if any, in each of the objective tests held in different sessions to arrive 
at the Equated Scores Scores obtained by candidates on any test are equated to the base form by considering the distribution of scores of all the forms.

(iii) Test wise scores and scores on total is reported with decimal point up to two digits. 

Note: Cutoffs are applied in two stages: 

i. on scores in individual tests 
ii. on Total Score 

For those candidates who get minimum cut off scores or more in each paper, total aggregate score of all 
the four papers will be arrived. Basing on these aggregate score of all four papers, candidates will be called in 1:4 ratio for interview.Depending upon the number of vacancies only those candidates who rank sufficiently high in the written 
test will be called for interview. The detailed information regarding the online test will be available on “Information handout” accessible on the bank’s web site; www.vcbl.in which can be downloaded by the candidates.

Online Test:

i. The Online Test will be held in the month of February/March 2022.

ii. The exact date will be communicated to the candidates through call letter for the examination. 

The Bank, however, reserves the right to cancel or make any changes in the date of 
examination, as per need.
The Online Test will be conducted in the following places. The venue/s for the Online Test/Examination will 
be indicated in the Call letter.

Tentative Centers are:

1. VISAKHAPATNAM 2.VIJAYAWADA 3.HYDERABAD. 4.KURNOOL
5. KAKINADA 6. TIRUPATHI

1. The examination will be conducted online in venues given in the respective call letters.

2. No request for change of centre/venue/date/session for examination shall be entertained.

3. The Bank, reserves the right to cancel any of the Examination Centres and / or some other Centres, at its discretion, depending upon the response, administrative feasibility, etc.

4. The Bank also reserves the right to allot the candidate to any centre other than the one he/she has 
opted for.

5. Candidate should appear for the examination at the Examination Centre at his/her owns risks and 
expenses and the Bank will not be responsible for any injury or losses etc of any nature. They 
should follow all COVID-19 precautions.

6. Choice of centre once exercised by the candidate will be final.

7. Mobile Phones, calculators or any other electronic devices will not be allowed in to the test venue. Candidates should not bring such devices in to the venue.
If sufficient number of candidates does not opt for particular centre for “Online” Examination, the Bank reserves the right to allot any other adjacent centre to those candidates OR if the number of 
candidates is more than the capacity available for online exam for a centre, the Bank reserves the right to allot any other centre to the candidate.

HOW TO APPLY

DETAILED GUIDELINES/PROCEDURES FOR 

A. APPLICATION REGISTRATION
B. PAYMENT OF FEES
C. DOCUMENT SCAN AND UPLOAD

Candidates can apply online only during the dates indicates at the beginning and no other mode of application will be accepted.

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