IOB Recruitment 2021: Notification Released for Compliance Officers

IOB Recruitment 2021 – Compliance Officer Post – Apply Here

Indian Overseas Bank has released the notification to recruit the Retired Officers for the Compliance Function. The IOB Recruitment 2021 Application Form is activated from 05th May 2021. This is especially for the retired employees who are having prior experience in the relevant field which was explained in the official notification. The application process is only through the offline mode. The final date to submit the application form is 15th May 2021. Interested candidates before starting the application process kindly read the official IOB Recruitment 2021 notification given here below to get the complete details. For more details regarding the IOB Job Vacancy 2021, Eligibility Criteria, Selection Process, Remuneration, Application Form are explained here in detail.

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IOB Recruitment 2021 – Overview

Organization Name Indian Overseas Bank
Job Role Compliance Officer
Job Location Various Locations
Vacancy 15
Selection Process Interview
Category Bank Jobs

IOB Notification 2021: Important Dates

Event Date
Notification Released on 05th May 2021
Application Starting Date 05th May 2021
Ending Date to Send the Application 15th May 2021
Recruitment Drive To be Notified Later

IOB Job Vacancy 2021: Location Wise

S.No Location Vacancy
1 Central Office. Chennai 05
2 Mumbai Region 01
3 Delhi Region 01
4 Chennai – I Region 01
5 Hyderabad Region 01
6 Chennai – II Region 01
7 Coimbatore Region 01
8 Kolkata – I Region 01
9 NCR Delhi Region 01
10 Bangalore Region 01
11 Lucknow Region 01
Total 15

IOB Recruitment 2021: Eligibility Criteria

The officials should have retired from the Bank in the Scale-IV on or after 31.12.2018

Age Limit:

  • Officials should not have completed 63 years of age at the time of application.

Essential Qualification:

  • The staff member should have retired (including VRS) in the normal course on superannuation and should have not retired under CRS / any punishment.
  • No case should be pending against the retired staff at the point of application submission or during the period of empanelment.
  • Should have working knowledge/Skill on MS Word and MS Excel and adaptability of the computer environment.
  • Tenure may be fixed for a period of two years with an annual performance review. The term can be extended for another one year subject to a maximum age limit of 65 years.
  • For officials to be posted in Central Office, they should reside in Chennai and for officials to be posted in Regional Offices, they should be permanently residing in their place of posting.

Any one of the following shall have complied:

I. Worked as a Chief Manager – Credit, Inspection, Risk, Treasury and operation (any one area) at Regional Office/Zonal Office/Central Office for a period of consecutive 2 years.

II. Preference will be given to those who worked as Branch Manager for a minimum of 2 years.

IOB Recruitment 2021: Empanelment

The selected Retired Officer shall be empanelled for a period of two years with an annual performance review. The term can be extended for another one year subject to a maximum age limit of 65 years.

IOB Job Vacancy 2021: Remuneration Details:

The monthly remuneration of Rs. 40000/- (consolidated) will be paid. In addition to the above fees, the following allowances will be reimbursed.

I) Travelling Allowance:

a) For conducting Compliance Audit at branches (up to 50 KMs from residence: Rs.150 per day

b) For conducting Compliance Audit at branches (above 50 KMs): Maximum of 2nd A/c fare subject to production of bills/booking tickets/Travel Tickets and only two-way fares (once up & once down) during the audit of a branch.

II) Other Allowance

For conducting Compliance Audit at branches above 50 KMs, a consolidated sum of Rs.1500/- is to be paid per day.

IOB Recruitment 2021: Application Process

Application Mode Offline
Indian Overseas Bank
Compliance Department
Central Office
5th Floor, Annexe Building
763, Anna Salai
Chennai – 600 002

IOB Job Vacancy 2021: Important Links

Check Here the Official Site

Download the Official Notification PDF

Download the IOB Application Form

IOB Recruitment 2021: How to Apply

Eligible candidates shall read all the above terms before the submission of the application.

The eligible Retired Officers shall submit the application (in person or through post/courier) with required proof addressed to:

At the heading of the cover please mention

and send the duly filled application form to the respective address mentioned above.