Applications are invited for Appointment of Visakhapatnam Co Operative Bank Ltd Recruitment of POs ( Deputy Managers ) Notification
Visakhapatnam Co Operative Bank Ltd Recruitment of POs Important Dates:
1.Opening of Online Application
Opening Date for ON-LINE Registration of Application and Payment of fee
01-01-2024 10.00A.M (Monday) from 10am
2.Closing Date for ON-LINE Registration of Application and Payment of fee 28-01-2024 4.00 P.M (Sunday) Up to 4.00 pm
Date of online Test: In the month of February 2024
Visakhapatnam Co Operative Bank Ltd Recruitment of POs Vacancies: 30.
Visakhapatnam Co Operative Bank Ltd Recruitment of POs 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 regular scale given. below:
Rs. 20330-660-23630-770-27480-895-31955-1040-37155-1205-45590. The total initial emolument will be around Rs.38,000/-.
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.
Visakhapatnam Co Operative Bank Ltd Recruitment of POs Eligibility Criteria:
a. The candidate must be a 15 Class Graduates (>=60%) 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 33 Years as on 31-12-2023. (Should have born between 01-01-1991 to 31-12-2003 both days inclusive)
e. Staff working in The Visakhapatnam Cooperative Bank Ltd., can also apply if they are otherwise eligible.
Visakhapatnam Co Operative Bank Ltd Recruitment of POs 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.
Visakhapatnam Co Operative Bank Ltd Recruitment of POs Proposed Selection Procedure:
The selection of Probationary Officers will be done through a three-Phase manner.
The selection of the candidates shall be made on the basis of Online Test /Examination (Preliminary & Main 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: Phase-I Preliminary-100 marks, Phase-II Main Examination -250 & Phase-III interview-50 marks;
(b) There shall be Negative Marking for Wrong answers:
Online Test/Examination question contents would be as under
Phase--I: Preliminary Examination:
Preliminary Examination consisting of objective Test for 100 marks will be conducted online. The test will have of 3 sections as follows:
General English:30 Marks
Quantative Aptitude: 35 Marks
Reasoning Ability / Computer Aptitude and General Banking: 35
Selection Criteria for Main Examination:-
Merit list will be drawn on the basis of the aggregate marks scored in the Preliminarary Examination. There will be no sectional cut-off. Candidates numbering (10 times approx) the number of vacancies will be shortlisted for Main Examination from the top of above merit list
Phase -II Main Examination Will be Conduct 200 Marks and Descriptive Test 50 Marks
Phase -III: Personal Interview 50 Marks
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 will be applied for Main Examination 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.
6. Online Test:
The Online Test will be held in the month of February 2024.
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 for both Preliminary & Main Examination are:
1. VISAKHAPATNAM
5. KAKINADA
2. VIJAYAWADA
6. TIRUPATHI
3.HYDERABAD.
4.KURNOOL
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