Nainital Bank Recruitment: Latest News, Date, Eligibility, Salary & Vacancy

 

The Nainital Bank is associated with BOB (Bank of Baroda), LIC, HDFC, National Insurance Company Limited, etc., Its ultimate goal is to cater to the needs of its customers, and hence, they run with a tagline of “Banking with Personal touch”.

 

Notification Dates for the Nainital Bank Exam-

The following are the important dates as per the official notification released by the Nainital Bank –

 

Events	Dates
Notification date	February 01, 2022
Online Registration date	February 01, 2022
Online Application end date	February 25, 2022
Application fee date	Not released
Admit card	To be announced
Exam date	March 2022 (tentative)
Mode of Exam	Online
Interview date	To be announced
Result	To be announced

 

For Management Trainees –

• To supervise all official activities
• Help the customers in Opening Bank Accounts
• Approval of Loans
• Managing cash balance and other management tasks

 

For Clerks –

• Document Verification
• Update Passbook
• Treasury works
• To resolve customer queries

 

Latest Notification for the Nainital Bank Exam –

On July 23^rd, the recruiting body has recently modified the maximum age for MTs (Management Trainees) to be 28. In the previous notification, it has been mentioned as 27. The minimum and maximum age are calculated as of March 31, 2021.

 

Name of the post	Minimum Age(as of 31/3/2021)	Maximum Age(as of 31/3/2021)
MT (Management Trainee)	21	28
Clerk	21	28

 

Application fees for the Nainital Bank  Exam –

The fee payment process is integrated with the application process. The payment of the application fee is done through online mode and is non-refundable. The candidates can pay their fee between July 17-31^st of 2021. Candidates should bear the online fee transaction charges.

 

Name of the post	Application Fees
MT (Management Trainee)	Rs 1500 (including GST)
Clerk	Rs 1500 (including GST)

 

Note – Only online mode and no other mode of payment are accepted. The payment is done through Credit cards, Debit cards, Internet Banking, UPI ID. An e-receipt will be generated indicating the successful completion of the payment.

 

Eligibility for the Nainital Bank Exam-

The Nainital Bank has also released the eligibility criteria for the candidates in their official notification. The following eligibility criteria hold for both MT (Management Trainee) and Clerk –

 

Nationality	All Indians can apply for this post
Qualification	Any graduate/ post-graduate with 50% or more marks from a recognized University (Regular/Full Time Course)
Experience	Minimum of 1-2 years experience in the banking field is preferred
Skills	Basic Computer Knowledge is preferred
Age	21-28 (as of 31/03/2021)

Candidates with experience in the banking sector are most preferred. Experience is not a basic eligibility criterion to write the exam. Freshers with adequate banking knowledge can also apply.

 

Vacancy details –

The number of vacancies and age limit as per the official notification is as follows –

 

Name of the post	No. of vacancies	Minimum age(as of 31/03/2021)	Maximum age(as of 31/03/2021)
Management Trainee	75	21	28
Clerks	75	21	28

 

The number of vacancies can also vary based on the requirement of the bank. In any case, the decision of the bank is considered final. The selected candidates can be posted or later transferred to any of the branch locations.

 

Salary –

 

Name of the post	Pay Scale/CTC
MT (Management Trainee)	A lump sum of Rs 30,000 per month
Clerk	Payscale starts from Rs 17,900 – Rs 47,920 per month

 

The CTC for MT (Management Trainee) is approximately Rs 7 lacs per year along with special allowances. Similarly for Clerks, the CTC is approximately Rs 4 lacs per year with allowances.

 

Security bond –

An indemnity bond is an obligation bond signed by the candidates against the loss that arises due to participation failure.

Applicants are encouraged to note that they will be needed to execute an Indemnity Bond for a period of 2 years. If the applicant leaves or abandons the Bank before finishing the predefined period, he/she should pay the Bank for its measures.

 

Cadre	Amount of bond	Bond period
MT – Grade / Scale 1	2 lacs	1 year
Clerk	1 lac	2 years

 

The application process for the Nainital Bank Exam –

This includes the following steps –

• Registration Process
• Scanning and Uploading documents
• Payment of Fees

 

The registration process for the Nainital Bank Exam

• Visit the official website of Nainital Bank (nainitalbank.co.in).
• Click on the recruitment option on the home page.
• Click the registration link and select “Apply Online”
• Fill in the basic details such as name, residence, qualification, percentage obtained during graduation, Id proof, work experience, etc.,
• The details given during the registration must go hand-in-hand with the details in the Id proof.
• Note that the Ration card and Learner’s Driving license are not accepted as valid Id proofs.

 

Valid Id proof include –

PAN Card

Passport

Aadhar Card

Driving License

Voter’s Card

Employee Id

Id Card issued by a recognized University

Bank Passbook with photograph

Photo Identity proof issued by Gazetted Officer

• The proof for work experience must be submitted during the time of the personal interview.
• The photograph must be scanned and uploaded (4.5 * 3.5 cm)
• The signature must be in black ink (signature in capital letters are not accepted). Left thumb impression and a handwritten declaration all must be scanned and uploaded.
• If you cannot finish the application in one go, you can save the temporary information by picking save and next tab.
• The final application is shown as a preview before giving a final submission.
• After the final submission, you will be redirected to the payment page.
• Once the registration is complete, you will be intimidated through the mail.
• Save your Registration number and Password for further use. It will be used to log in and download the Admit Card once it is released.

 

Upload and scanning of documents

• Photograph – Must be a recently taken picture with no harsh shadows. Hats, caps, and dark glasses must be avoided. Eyes are to be visible with no reflections.
• Measurements 200 x 230 pixels. The size of the file is to be between 20 kb–50. Ensure that the size of the checked picture isn’t more than 50kb.
• Signature – Candidates have to sign on white paper with black ink. Similarly, their left thumb impression is also needed (black or blue ink).
• Declaration – The declaration should also be hand-written on white paper (black ink).
• Hand Written Declaration – “I, ———–(Name of the candidate), hereby declare that all the information submitted by me in the application form is valid. I will present the supporting documents as and when required.
• The file size for a signature is 10-20 kb, for left thumb impression is 50-150 kb and for handwritten declaration, it is 100-200 kb.
• The signature and declaration must not be written in capital letters.
• The file format can be either jpg/jpeg.

 

Admit Card for the Nainital Bank Exam–

The Admit Card or hall ticket is to be carried to the exam center for verification purposes.

 

Exam date	Tentatively on the 2nd or 3rd week of August 2021
Admit card	15 days before the day of the exam

 

• Candidates should visit the Bank’s website for downloading call letters for online tests.
• The admit card/ call letter is made available 15 days before the exam.
• Implication for downloading call letter will be sent through email/SMS. The candidate is needed to utilize (I) Registration Number/Roll Number, (ii) Password/Date of Birth for downloading the call letter.
• The printout of the call letter must be brought to the examination center, along with a valid Id proof (original) and the photocopy. The photocopy of the Id proof is to be signed by a Gazetted Officer. The photocopy of the Id and photographs are to be submitted during the time of the exam.
• A photograph must also be affixed to the admit card (Preferably the photo given during registration)

 

Biometric Verification –

• Remember to carry your Admit Card along with a recently taken photograph and Id proof (both original and photocopy)
• Biometric verification of photograph and left thumb impression is to be done in the exam center on the day of the exam.
• Avoid Mehndi or dirty fingers while placing the left thumb impression.

 

Exam Centers for the Nainital Bank Exam –

The online exam will be conducted in the exam centers of these 12 locations-

 

Nainital (Uttarakhand)	Haldwani District (Uttarakhand)	Dehradun (Uttarakhand)
Lucknow (UP)	Roorkee (Uttarakhand)	Jaipur (Rajasthan)
Delhi (NCR)	Moradabad (UP)	Rudrapur
Ambala (Haryana)	Meerut (UP)	Bareilly (UP)

 

The candidates can choose their desired exam centers while registering. If a different location has been allotted to the candidate, he/she can not modify it.

If a particular center has more candidates than its given capacity, then the bank reserves the right to allot any other nearby center. Candidates arriving late to the venue will not be permitted to take the exam.

 

Exam Pattern

The below table gives the exam pattern for the Nainital Bank MT (Management Trainee) and Clerk exam –

 

Name of the test	No. of questions	Maximum marks	Duration
Reasoning	40	40	35 mins
English	40	40	35 mins
General knowledge	40	40	20 mins
Aptitude	40	40	35 mins
Computer	40	40	20 mins
Aptitude	50	50	40 mins

 

The examination is for a total of 200 marks and is online for 145 minutes (2 hours and 25 minutes). It is the objective pattern with each question having 5 choices. A penalty of 0.25 marks is there for every wrong answer.

 

Marking Pattern –

Each section (General Awareness, Quantitative Aptitude, Reasoning, English Language, and Computer Knowledge ) must be finished within the given time limit. The candidates must clear the sectional cut-off for qualifying further.

 

No. of questions	200
Total marks	200
Duration	2 hours 25 minutes
Penalty marks	0.25 marks for each wrong answer

Candidates who applied for both MT and Clerk should take the exam separately for each post which happens in two different shifts on the same day.

The cut-off for MT (Management Trainee) will be different from that of Clerk.

 

Syllabus for the Nainital Bank Exam –

Candidates must understand the syllabus to formulate a focused preparation process.

The schedule for all subjects is just demonstrative and not comprehensive

 

Reasoning	This segment incorporates Syllogism, Seating Arrangement, Puzzle, Input-Output, Inequality, Data Sufficiency, Coding-Decoding, Series culmination, Input-Output, Blood relations, Order and Ranking, Miscellaneous
English Language	Understanding Comprehension, Spotting Error, Cloze test, Para-Jumbles, Sentence Improvement, Sentence Connectors, one word out, Fillers-Single/Double, Idioms and Phrases, Vocabulary based inquiries
General Awareness	National and International, Sports, Knowledge of Current Events, Countries and Capitals, General Politics, Current Affairs (Agriculture Focused), Banking Awareness and Economy (Agriculture Focused), Agricultural Insurance, Important individuals in the news, News, Appointments, and so on
Quantitative Aptitude	Number Series, Simplification/Approximation, Data Interpretation, Quadratic Equations, Profit and Loss, SI and CI Interest, Problems on Ages, Mensuration, Data Sufficiency, Partnerships and Discounts, Ratio, and Proportion, Percentage, and so on
Computer Knowledge	Basic knowledge of hardware and software, MS Word, MS Excel, Spreadsheet, Powerpoint, LAN, and modern-day technologies

 

Result –

As it is a computer-based objective exam, the results can be expected within 20 days for the exam. The cut-off depends on the number of candidates and their performance that year. The difficulty of the question paper and the number of seats available also play a key role.

The expected cut-off based on the previous year’s examination is given below:

 

Category	The expected cut-off for clerks
General	175-185
OBC	160-170
ST	140-155
SC	150-165
Category	Expected cut-off for MTs
General	150-160
OBC	135-140
ST	110-120
SC	130-137

 

Previous year cut-off

 

Name of the post	Year	Cut-off
MT (Management Trainee)	2019	120
MT (Management Trainee)	2017	108
Clerk	2019	159
Clerk	2017	147

 

The final result will be uploaded to the official website. Check for your roll number/ name in the merit list.

 

The interview process for the Nainital Bank Exam –

There is no mains examination in this selection process. Hence the candidates who cleared the online test are directly called for a personal interview.

The effective competitors in the Online test will be called for the interview. Dependent on the marks obtained in the online test and meeting, appointment letters will be given for participating in Officers or Clerical Cadre as the case might be dependent upon their being medically fit for the task.

The decision of the bank in the selection process is the final. It has the right to reject candidates without assigning a reason. Similarly, selected candidates can be posted or transferred to any of their branches.

 

Important points to be considered –

• Always visit the official homepage of the bank for registration and other notification details.
• Try to complete the registration process well in advance. This is to avoid website or internet traffic.
• Make sure all the details are correct before selecting save and next tab. Check the final preview before giving the submit.
• Remember to carry the necessary documents along with the Admit Card
• Make sure to reach the exam center well in advance
• Complete the sections within the given sectional time
• Download the result only from the official website of the bank
• Make sure to give the correct phone number and mail id to receive prompt updates about the notification
• The photograph, signature, and hand-written declaration should be of proper clarity. Avoid pixelated images.

 

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FAQ

Q1. Is Nainital bank a government-owned entity?

Bank of Baroda (BOB) owns 98.6% of the bank’s share and BOB is a government entity.

Q2. Is there any age relaxation for MTs and Clerks?

No. There is no such information regarding age relaxation in the official notification.

Q3. Can the registration be done in offline mode?

No. Only an online mode of registration is allowed.

Q4. Is Nainital the only job location?

The job location can be Uttar Pradesh, Uttarakhand, Delhi, Haryana, and Rajasthan

Q5. What is the selection process?

The examination is a two-stage process that includes an online objective exam and a personal interview.

Q6. What is the probation period?

The average probation period for both MT and Clerk is 2 years.

Q7. Is this a permanent job?

Yes, it is a permanent job.

Q8. What was the previous year’s cut-off?

The cut-off for Nainital bank clerk was 159 and MT was 120. This is for the year 2019.

Q9. Can the exam be taken in regional language?

No. The language of the question paper will only be in English.

Q10. Can I apply for both MT and Clerk?

Yes. You can apply for both the exams as they happen on different shifts. Remember that you have to pay Rs 1500 (application fee) for both these posts separately.

Q11. Is there a cut-off mark for the personal interview?

Cut-off marks are applied at two stages of the examination. It is once applied during the individual test and then on the final score obtained by the candidate.

Q12. Is the position of a bank PO and MT the same?

Yes, they are the same. Usually, a PO is a newly recruited officer in his/her probation period and MT refers to Management Trainees. The work nature of both is the same.