IndBank Recruitment 2022: Apply Online for 73 Field Staff, Dealer and Other Posts

IndBank Recruitment 2022: Indbank  Merchant  Banking  Services  Limited  (IBMBS  LTD),  a  subsidiary  of   Indian Bank, with headquarters in Chennai, engaged in Stock Broking, Depository Participant Activities, Distribution of Mutual Fund  and  other  Investment  Products,  Merchant Banking, Advisory Services  and  Retail  Loan  Counselors,  invites  applications  from eligible candidates for the post of (a) Head – Account Opening Department (b) Account Opening Staff (c) DP Staff (d) Dealer- for Stock Broking Terminals (e) Back Office Staff- Mutual Fund (f) Back Office Staff- Registered Office & Help  Desk  (g)  Systems  & Networking Engineer (h) Research Analyst (i) Vice President- Retail Loan Counselor (j) Branch Head – Retail Loan Counselor and (h) Field Staff– Retail Loan Counselor.

1.                   . Details  of  position( s)  / discipline( s):

S.NoName of the Position(s) / Discipline(s)Vacancies
1Head – Account opening Department1
2Account Opening Staff4
3DP Staff2
4Dealer- for Stock Broking Terminals8
5Back Office Staff- Mutual Fund2
6Back office Staff- Registered Office & Help Desk3
7Systems & Networking Engineer1
8Research Analyst1
9Vice President- Retail Loan Counselor1
10Branch Head – Retail Loan Counselor7
11Field Staff– Retail Loan Counselor43
  • Compensation:
S.NoName of the Position(s) / Discipline(s)Compensation
1Head – Account Opening DepartmentRs 5.00-6.00 lakh p.a.
2Account Opening StaffRs.1.50-2.00 lakh p.a.
3DP StaffRs.3.00-4.00 lakh p.a.
4Dealer- for Stock Broking TerminalsRs.3.50 lakh p.a.
5Back Office Staff- Mutual FundRs.1.50-2.00 lakh p.a.
6Back Office Staff- Registered Office & Help DeskRs.1.50-2.00 lakh p.a.
7Systems & Networking EngineerRs.3.00-4.00 lakh p.a.
8Research AnalystRs.4.00-5.00 lakh p.a.
9Vice President- Retail Loan CounselorRs.8.00-10.00 lakh p.a.
10Branch Head – Retail Loan CounselorRs 5.00-6.00 lakh p.a.
11Field Staff– Retail Loan CounselorRs.1.50-2.00 lakh p.a.

Over and above, performance linked incentive will also be paid depending on the individual performance.

3.                              .               Age,                    Educational       Qualification,                                      Experience                     and        Place  of Vacancy:

DescriptionMinimum QualificationExperienceAgePlace                 of PostingMode           of Selection
        Head – Account Opening Dept.,        Any Graduation with NISM DP, SORM CertificateMinimum 10 years experience in Account Opening Operations, opening Demat and Trading A/c preferably handled both NSDL and CDSL DPs        Not exceeding 50 years          ChennaiMode           of selection is based         on the Interview. A Screening Committee will    screen the applications received for the post for identifying eligible candidates.
    Account Opening Staff    Any Graduation with NISM DP, SORM CertificateMinimum 2years experience in Account Opening Operations Opening Demat and Trading A/c    Not exceeding 40 years      Chennai
  DP Staff  Any Graduation with NISM DP CertificateMinimum 5 years experience in DP Operations  Not exceeding 35 Years  Chennai
    Dealer- for Stock Broking Terminals      Graduate with NISM / NCFM qualification    Minimum one year experience in dealing      21-30 YearsLucknow, Kanpur, Varanasi, Kolkata, Jaipur, Patna, Tuticorin and Vellore
                      Systems & Networking EngineerGraduation in Engineering (4 years)/ B.Tech Degree in Computer Science/Computer Applications/ Information Technology/ Electronics/ Electronics &Telecommunications/ Electronics & Communication/ Electronics & Instrumentation ORPost Graduate Degree in Electronics/ Electronics & Tele Communication/ Electronics & Communication/ Electronics & Instrumentation/ Computer Science/ Information Technology/ Computer Applications ORGraduate having passed DOEACC                Minimum one year experience in system related operations such    as Unix, Windows server & Networking                      21-30 Years                        Chennai 
        Back Office – Mutual Fund          Any GraduationMinimum 1 year experience in back end processing of investments made by clients in Mutual Funds. NISM in Mutual Funds preferred.        Not exceeding 35 Years          Chennai
        Help Desk Staff        Any Graduation.Minimum 1 year experience in Account opening / Demat / Trading operations. Experience in handling Customer      Not exceeding 35 Years        Chennai
  Relations preferred.   
  Back Office Staff -Regd Office (Accounts)  Any Graduation. B.Com Graduate preferred.Minimum 2 years experience in Accounts / Financial background  Not exceeding 35 Years    Chennai
                    Research Analyst                MBA in Finance or any other equivalent Post Graduation And NISM – Research Analyst CertificationMinimum Four           years’ experience in equity research, analyzing trends                   of industries and economy, preparation of      research reports, writing investment notes               and report investment opinions           on companies, Fundamental analysis, Mutual Fund and                  Bond market                  Not Exceeding 40 Years                    Mumbai
DescriptionVice RLCPresidentBranch Head – RLCField Staff – RLC
Minimum QualificationAny GraduationAny Graduation12th abovepassorequivalentand
ExperienceMinimum  20  years of experience in Banking / NBFC having                        sufficient knowledge in Retail Loan ProductsMinimum 15 year of experience                              in Banking / NBFC having                          sufficient knowledge in Retail Loan ProductsPreferably minimum 1 year experience in Sales, Retail and Loan Products – Home Loan, Vehicle Loan, Credit Card etc.,
AgeNot exceeding 65 YearsNot exceeding 65 YearsNot exceeding 35 Years
Place                       of PostingChennaiBangalore, Mumbai Pune, Ahmedabad Delhi, Coimbatore and LucknowChennai ,Bangalore, Mumbai Ahmedabad, Pune, Kolkata, Delhi, Coimbatore and Lucknow
Mode                         of SelectionMode  of  selection  is  based  on  the  Interview.  A  Screening  Committee  will screen the applications received for the post for identifying eligible candidates.

*Cutoff date for Age, Educational qualification and Experience will be as  on 31.03.2022.


  1. All Educational Qualification prescribed shall be from the University/ Institution/ Board recognized by Govt. of  India/  approved  by  Govt. Regulatory Bodies.
    1. Experiencerelevant to  the  post  willonlybecounted  for  reckoning  the attribute of experience.

4.                   . Mode of Selection

Mode of selection is  based  on  the  Interview.  A  Screening  Committee  will  screen the applications received for the  post  for identifying eligible candidates. Interview and final selection will be carried out by the Committee of the company.

5.                   . How to Apply

Candidates having above qualifications may download the application form from our website and send duly filled in applications with the copy of the enclosures through courier / Registered Post to the below mentioned address, addressed to-

Head Administration

No 480, 1st Floor Khivraj Complex I, Anna Salai, Nandanam


Candidate can also send the scanned copy of the duly filled application with the enclosures to [email protected]

6.                   . General Instructions

  1. Before applying for the post, candidate should verify and  satisfy himself/herself that he/she  fulfills  the  eligibility  and  other  norms mentioned in this advertisement. Company would be free to reject any application at any stage of the recruitment process, if the candidate is found ineligible for the post for which he/she has applied. The decision of the Company shall be final  in  deciding  about  qualifications,  experience  and other eligibility norms.
  • In case it is detected at any stage of recruitment that a candidate  does  not fulfill any of the eligibility norms and/or that he/she has furnished any incorrect/false information/certificate/documents or has suppressed any material fact(s), his/her candidature will be cancelled. If any of these shortcomings is/are detected even after appointment, his/her  contract  is liable to be terminated.
    • The Company reserves the right to alter, modify or change the eligibility criteria and / or any other terms and conditions spelt out in this advertisement.
    • Only those candidates who have met  with  the  eligibility  criteria  for appearing in the Personal Interview will be intimated by email to the email address, furnished by them.
    • The admission to personal interviews will be purely provisional without verification of age, qualification etc. of the candidates with reference to documents.
    • Candidates will have to produce original relevant certificates like educational qualifications, experience, age, etc. at the time of interview, in support of his /her eligibility, as per the details furnished in the application, failing which his / her candidature will be cancelled.
    • Decision of the Company  in all matters regarding eligibility of the candidate, the stages at which such scrutiny of eligibility is to be undertaken, the documents to be produced for the purpose of  the,  interview,  selection  and any other matter relating to recruitment will be final and binding on the candidate. No correspondence or  personal enquiries shall be entertained by the Company in this regard.
    • Any resultant dispute arising out of  this  advertisement  shall  be  subject  to the sole jurisdiction of the Courts situated in Chennai.
    • In case ,any dispute arises on account of interpretation inversion other than

English, English version will prevail.

  • Company does not assume any responsibility for  the  candidates  not  being able to submit their applications within the last date on account of loss in transit or for any other reason beyond the control of the Company.

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