Nainital Bank

Nainital Bank Recruitment 2024: Latest News, Date, Eligibility, Salary & Vacancy

June 27, 2024

Table of Contents

Table of Contents

Nainital Bank Recruitment 2024 is an exam conducted by Nainital Bank Limited to fill the vacant job posts in their company to hire a skilled workforce every upcoming year. Individuals who want to start their career in the banking field can apply for this exam by filling out the online application form. The exam forms are available online for two weeks. The candidates should read the instruction rules and regulations carefully before applying for the exam.

Nainital Bank

The Nainital Bank Recruitment is a golden opportunity for job seekers seeking a stable and rewarding career in the banking sector. The bank’s reputation and attractive salary package and benefits make it an attractive option for candidates aspiring to join the banking industry. Candidates are advised to keep a close eye on the registration dates and other important details to ensure they do not miss out on this opportunity.

Latest Updates from Nainital Bank

The Nainital Bank Limited has published the most recent job announcement, which lists three openings for the roles of Chief Compliance Officer, Chief Financial Officer, and Chief Risk Officer.

Candidates must take advantage of the Nainital Bank Recruitment 2024 if they meet the requirements of having a CA, graduation, and post-graduation.

The deadline for qualified candidates to apply is 8th February 2024, at the latest. Additional information is provided below, including requirements for education, income, age restriction, application fee, selection procedure, how to apply, and important dates.

About Nainital Bank

Nainital Bank Limited is the solitary Scheduled Commercial Bank of Uttarakhand, with its Head Office from Nainital. Bank of Baroda holds 98.6% of its shareholdings. Currently, the Bank has 03 Regional Offices, one each at Haldwani, Dehradun, and Noida, with 162 branches across 05 territories of North India, specifically Uttarakhand, Uttar Pradesh, Delhi, Haryana, and Rajasthan.

Websitewww.nainitalbank.co.in
TypeA subsidiary of Bank of Baroda
Founded1922
PurposeInsurance, Investment, Consumer and Corporate banking
HeadquartersNainital, Kumaon
BranchesA subsidiary of the Bank of Baroda
Chairman & CEODinesh Pant

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.”

Nainital Bank Recruitment: Overview

OrganizationNainital Bank
PostsClerk and Management Trainees
Chief Compliance Officer, Chief Financial Officer, and Chief Risk Officer
VacanciesClerk and Management Trainees- To be notified
Chief Compliance Officer, Chief Financial Officer, and Chief Risk Officer- 03
CategoryGovernment Jobs
Exam DateTo be notified
Selection ProcessClerk and Management Trainees- Online Exam -> Interview
Chief Compliance Officer, Chief Financial Officer, and Chief Risk Officer- Offline Exam -> Interview
Job LocationUttrakhand, Uttarpradesh, Delhi, Haryana and Rajasthan
Official Websitenainitalbank.co.in

Nainital Bank Recruitment Notification

The Nainital Bank will publish the much-awaited Nainital Bank Recruitment Notification on its official website. This announcement has created a buzz among the aspirants eagerly awaiting this opportunity to work with a reputed bank. This notification provides the job details and includes essential information like registration starting dates, eligibility criteria, educational qualifications, age criteria, an application fee, etc.

Candidates interested in applying for the Nainital Bank Recruitment can access the official website of the Nainital Bank to get more information. They can also refer to various online sources to understand the eligibility criteria and other important aspects of the recruitment process. The candidates must go through the notification carefully before applying to ensure they meet the eligibility criteria.

Chief Financial Officer PostOfficial Notification: Click here

Chief Compliance Officer PostOfficial Notification: Click here

Nainital Bank Recruitment Exam Dates

The following are the important dates as per the official notification released by the Nainital Bank Recruitment (Chief Compliance Officer, Chief Financial Officer, and Chief Risk Officer) –

EventsDates
Notification date9th January 2024
Offline Registration date9th January 2024
Offline Application end date8th February 2024
Interview To be notified
ResultTo be notified

Nainital Bank Recruitment Vacancy

The Nainital Bank Recruitment for the year 2024 is announced, but based on the previous year’s recruitment process, it is expected to be similar regarding the number of vacancies. However, it is essential to note that the number of vacancies for the Nainital Bank Recruitment 2024 may vary based on the bank’s requirements.

To better understand the recruitment process, interested candidates can refer to the previous year’s recruitment process. The table given below provides information on the Nainital Bank Recruitment vacancies for the past three years:

Post NameExpected Vacancies
Chief Compliance Officer01
Chief Financial Officer01
Chief Risk Officer01

Candidates should keep checking the official website of Nainital Bank for updates on the recruitment process, including important dates, eligibility criteria, the application process, the selection process, etc. The Nainital Bank recruitment process is highly competitive, and candidates should prepare well to secure a position in the bank.

Nainital Bank Recruitment Application

Chief Compliance Officer- Offline application: Download Here

Chief Financial Officer- Offline application: Download Here

The Nainital Bank Exam Online Application Process is crucial for candidates wishing to apply for the Nainital Bank Recruitment. The bank has provided an online application form on its official website for the convenience of candidates. Interested candidates can visit the official website of the Nainital Bank and navigate to the careers section to access the application form.

Before starting the Nainital Bank Online Application process, candidates are advised to go through the notification and ensure they meet the eligibility criteria. They should keep all the necessary documents ready, including a scanned copy of their photograph and signature, educational certificates, and other relevant certificates.

How to apply for the Nainital Bank PO Recruitment?

The steps to apply for the Nainital Bank PO exam are as follows:

Step 1: Go to Nainital Bank Limited’s official website.

Step 2: Go down to the Recruiting area on the Home page.

Step 3: Click Here for More to view the Nainital Bank potential jobs data.

Step 4: Review the notice for graduate management recruitment and engagement.

Step 5: The page for Management Trainees (MTs) and MT Recruiting will open after that.

Step 6: Choose Here for New Registration from the menu.

Step 7: Complete the necessary fields and create your login information.

Step 8: Attach the required files using the forms described above.

Step 9: Make the application fee payment at step nine. Before sending it in, carefully review the whole paperwork. After finishing the form, click Submit.

Step 10: Download the completed online form for future use as a guide.

Note: It is advisable to keep a copy of the application form, fee receipt, and other relevant documents for future reference. Additionally, candidates should carefully read the instructions and guidelines in the recruitment notification and application form to ensure their application is submitted successfully.

Valid Id proofs

  • 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.

Nainital Bank Recruitment Application fees

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. Candidates should bear the online fee transaction charges.

Name of the postApplication Fees
MT (Management Trainee)Rs 1000 (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, and UPI ID. An e-receipt will be generated indicating the successful completion of the payment.

Nainital Bank Recruitment Eligibility Criteria

To apply for the Nainital Bank Recruitment 2024, candidates must carefully review and fulfill the Eligibility Criteria specified by the Nainital Bank. It is recommended that applicants acquaint themselves with the Eligibility Criteria before filling out the application form. The Nainital Bank Limited’s official website provides detailed information regarding the Eligibility Criteria that candidates must meet. Aspirants are advised to thoroughly read the guidelines mentioned in the official notification to avoid disqualification later in the recruitment process. By meeting the Eligibility Criteria, candidates can ensure that their application is considered for further stages of the selection process. Therefore, applicants should diligently review the Eligibility Criteria before proceeding with the application process for the Nainital Bank Recruitment Exam 2024.

Educational Qualifications

Mentioned are the Educational Qualifications for the post of Management Trainee and Clerk:

PostsEducational Qualifications
For ClerksA conventional, full-time bachelor’s or postgraduate degree with a minimum GPA of 45% from a reputable institute or university is required. For this position, basic knowledge of PC software is expected.
Management TraineeIt is required to have a regular, full-time bachelor’s or postgraduate degree with at least 50% of the required marks from a reputable institute or university. For this role, it is necessary to have information on computers.
Chief Compliance OfficerIt is required to have a regular, full-time postgraduate degree from a reputable institute or university.
Chief Financial Officer, It is required to have a regular, full-time postgraduate degree from a reputable institute or university. For this role, it is necessary to have CA
Chief Risk OfficerIt is required to have a regular, full-time postgraduate degree from a reputable institute or university.

Age Limit

The following table shows the age limit criteria for the post of Probationary Officer and Clerk for the Nainital Bank Recruitment Exam:

PostsMinimum- Maximum Age Limit
For Clerk21-28 Years
Management Trainee21-30 Years

Nainital Bank Recruitment Overall Eligibility Criteria

ParticularsDetails
NationalityIndian
DomicileUttarakhand
Number of AttemptsCandidates must meet all given requirements in order to be considered.
Important PointsFor Management Trainee, NBFCs will give preference to those who have 1-2 years of experience in the banking or financial sector. For clerk positions, experience in banking or the financial sector is expected. NBFCs will be given preference.  

Nainital Bank Recruitment Admit Card 2024

The next step after filling out the form is to download the admit card from the website of the Nainital Bank Recruitment. The admit card or hall ticket has necessary information like the palace of the exam, the date of the exam, the time of the exam, and the candidate’s roll number with other details.

How to Download Nainital Bank Hall Ticket:

The steps listed below can be used to download the MAHA TET admit card by applicants:

Step 1: Go to the test’s online webpage.

Step 2: Download the admission card by clicking the link on the screen.

Step 3: Provide all the information requested.

Step 4: Press the submit button to download the admit card.

Step 5: Print off your admissions card for future use.

Information on the Nainital Bank Admission Ticket:

The following information can be seen on the Nainital Bank Recruitment Admit Card:

  • Name, Roll Number, Date of Birth, Exam Location
  • Directions for Test Day
  • Exam roll number; applied subject; signature; photograph

Important Points to remember:

  • Candidates should visit the Bank’s website to download call letters for online tests.
  • The admit card/ call letter is available 15 days before the exam.
  • Implication for downloading call letters will be sent through email/SMS. The candidate must 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 a photograph and Id proof (both original and photocopy)
  • Biometric verification of the 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.

Nainital Bank Recruitment Exam Centres –

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, the bank reserves the right to allot any nearby center. Candidates arriving late to the venue cannot take the exam.

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Nainital Bank Recruitment Exam Pattern

The selection process for the Nainital Bank typically consists of three stages:

  1. Online Examination: The first stage of the selection process is an online examination that tests the candidate’s knowledge of the English Language, Reasoning Ability, Quantitative Aptitude, and General Awareness. The exam is usually held in an objective multiple-choice question format.
  2. Interview: The second stage of the selection process is an interview. Candidates who qualify in the online examination are shortlisted and called for an interview. The interview panel assesses the candidate’s communication, leadership, problem-solving, and overall personality skills.
  3. Document Verification: The final stage of the selection process is document verification. Candidates who clear the online examination and the interview must submit their original documents for verification. This includes proof of age, educational qualification, work experience, etc.

A merit list is prepared based on the candidate’s performance in all three stages, and successful candidates are offered the position of Probationary Officer at the Nainital Bank.

Note: The selection process may be subject to change, and candidates are advised to check the official notification for the most up-to-date information.

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

Name of the testNo. of questionsMaximum marksDuration
Reasoning404035 mins
English404035 mins
General knowledge404020 mins
Aptitude404035 mins
Computer404020 mins
Aptitude505040 mins

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

ParticularDetails
Question typeMCQ  
Total question200
Total marks200
Mode of question paperEnglish
Duration145 Minutes
Marking schemes       1 mark for every correct answer 0.25 marks will be deducted for every incorrect answer
Number of sections5
Name of sections       Reasoning General Awareness English Language Quantitative aptitude Computer Applications

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

Nainital Bank Recruitment Syllabus

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

Following is the syllabus for the Nainital Bank Recruitment year 2024:

TopicsSub-topics
Logical Reasoning –  Puzzles
Alphanumeric sequence puzzle: Adding the missing character
Direction test
Analogy
Calendars
Argument and conclusion
Ranking
Mathematical Reasoning
Conditional response test
Coding-Decoding
Logical Venn diagrams
English Comprehension –  Cloze test
Reading comprehension
Jumbled sentence
Spelling check
Allusion
Identification of sentence pattern
Phrase replacement
Error spotting
Find the plural forms
Simile
Ellipsis
Question Tag
Compound Words
Repetition
Apostrophe
Alliteration
Metaphor
Personification
Onomatopoeia
One word substitution
Fill up with- Articles, Gerund, Participle, Preposition, etc.,
Direct and Indirect speech
Synonyms and antonyms
Prefix and suffix
Punctuation
Tense
British English – American English
Situation reaction test
General Knowledge –  Abbreviations
Innovations and discoveries in science
Important current events (National and International)
Recognition and Honors
Sports and competitions
Financial history
Economic and financial news
Constitution of India
Authors and books
Significant days
Quantitative Aptitude –  Work and time
Cistern and Pipes
Trigonometry
Speed Time Distance ( trains, boats, and streams)
Probability
LCM and HCF
Mensuration
Average
Numbering schemes
Interest, both simple and compound
Relationships
Ratios and proportions
Geometry
Work and Time
System of numbers and simplifications
Gains and losses
Percentage
Data analysis
Number series
Equations and inequalities in algebra
Computer Skills –  Devices for computers
Programs for a computer
Internet use,
Microsoft Word, Excel, and PowerPoint
Operating System

Nainital Bank Recruitment Result

As it is a computer-based objective exam, the results can be expected within 20 days. 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.

Check Result Here: – Nainital Bank Exam Result

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

CategoryNainital Bank Clerk (expected cut-off)
General175-185
OBC160-170
ST140-155
SC150-165
CategoryNainital Bank Management Trainee (expected cut-off)
General150-160
OBC135-140
ST110-120
SC130-137

Previous year cut-off

Name of the postYearCut-off
MT (Management Trainee)2019120
MT (Management Trainee)2017108
Clerk2019159
Clerk2017147

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

Nainital Bank Recruitment Interview

There is no main examination in this selection process. Hence the candidates who cleared the online test are directly called for a personal interview. Depending on the marks obtained in the online test and interview, appointment letters will be given for participating in the Officers or Clerical Cadre, as the case might depend upon their being medically fit for the task.

The decision of the bank in the selection process is 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.

Nainital Bank Salary

As an entry-level officer position with Nainital Bank Limited, the Nainital Bank PO (probationary officer) plays a crucial role responsible for managing various banking operations. The Nainital Bank PO salary structure includes basic pay, dearness allowance (DA), house rent allowance (HRA), special allowance, and other perks and benefits.

The basic pay of a Nainital Bank PO typically ranges between Rs. 23,700 and Rs. 42,020. In addition to the Basic Pay, Nainital Bank POs are entitled to the Dearness Allowance (DA), revised quarterly based on the Consumer Price Index (CPI). The House Rent Allowance (HRA) is provided to Nainital Bank POs based on their place of posting and can be up to 7-9% of the basic pay.

Apart from the DA and HRA, Nainital Bank POs are also eligible for a special allowance of 7.75% of the basic pay. In addition to these components, the bank offers its employees various perks and benefits, including medical insurance, leave travel allowances, retirement benefits, and performance-based incentives. The total Nainital Bank PO salary, including all allowances and benefits, may vary depending on the place of posting, the candidate’s experience, and other factors. However, on average, a Nainital Bank PO can expect a starting salary of around Rs. 35,000 to Rs. 40,000 per month, which is competitive and attractive in the banking sector.

Security bond –

An indemnity bond is an obligation bond signed by the candidates against the loss arising from participation failure. Applicants are encouraged to note that they must execute an Indemnity Bond for two years. If the applicant leaves or abandons the Bank before finishing the predefined period, he/she should pay the Bank for its measures.

CadreAmount of bondBond period
MT – Grade / Scale 12 lacs1 year
Clerk1 lac2 years

Check Out Other Banking Exams :

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FAQ

What is the salary of Nainital Bank Clerk and Management Trainee?

The chosen individual will receive payment on a monthly basis. The compensation for the management trainee position will be approximately Rs. 40,000/, and for clerk will be Rs. 30,550/ according to the release. Successful applicants must check and present their necessary documentation to the officials to prevent further annoyance at payout time.

How can I get a job at Nainital Bank?

Fill out the form on the bank’s official website, fill in all the candidate’s details, accept the terms and conditions, and pay for the exam. Study the subjects mentioned in the syllabus and try to get the maximum marks by grieving correct answers to questions.

What is the qualification for Nainital Bank?

The eligibility for the Nainital Bank PO is graduation. The minimum marks should be more than 50% and the preferred experience is having a minimum of 1-2 years of experience in finance or banking or NBFC. The minimum age to apply for this exam is 21 years and the maximum is 33 years

Is there any Interview in the Nainital Bank clerk?

Yes, there is an interview round in the Nainital Bank Clerk recruitment process. After clearing the online examination, candidates who meet the cutoff score are shortlisted for the interview. The interview round carries a weightage of 100 marks, and candidates are evaluated on their communication skills, confidence, and knowledge of banking and finance. The final selection of candidates for the Clerk position is based on their performance in the online exam and the interview round, document verification and a medical examination.

Is the Nainital Bank PO exam easy?

The difficulty level of the Nainital Bank PO exam can vary from candidate to candidate depending on their level of preparation and understanding of the exam pattern and syllabus. The Nainital Bank PO exam is competitive and is designed to test the candidate’s knowledge, aptitude, and reasoning skills in various sections such as Reasoning, Quantitative Aptitude, English Language, General Awareness, and Computer Knowledge. The questions in the Nainital Bank PO exam are of moderate to difficult level, and the time allotted for each section is limited, making time management a critical factor in scoring well. To crack the Nainital Bank PO exam, candidates need to have a strong conceptual understanding of the topics and practice a sufficient number of mock tests and previous year question papers to improve their speed and accuracy.