Indian Overseas Bank Recruitment 2026-27
Credit Officers and Branch Management
Manager and Senior Manager posts in MMGS Scale-II and MMGS Scale-III.
| Key Point | Details |
|---|---|
| Vacancies Covered | 150 |
| Total Vacancies in Notification | 291 |
| Last Date to Apply | 15 September 2026 |
| Final Weightage | Online Exam 80% : Interview 20% |
| Advertisement No. | HRDD/RECT/04/2026-27 |
| Notification Date | 28.08.2026 |
Recruitment Overview
| Particular | Details |
|---|---|
| Recruiting Bank | Indian Overseas Bank |
| Bank Type | Public Sector Bank headquartered in Chennai |
| Advertisement | HRDD/RECT/04/2026-27 dated 28.08.2026 |
| Total Vacancies | 291 across 14 posts in JMGS-I, MMGS-II and MMGS-III |
| Posts Covered Here | Post Code 01 Branch Management, Post Code 11 Credit and Post Code 12 Credit |
| Vacancies Covered Here | 150 |
| Application Mode | Online only through www.iob.bank.in |
| Eligibility Cut-off Date | 01.08.2026 |
| Selection | Online Examination followed by Interview |
| Posting | Anywhere in India at the sole discretion of the Bank |
Posts Covered
| Post Code | Post | Scale | Vacancies |
|---|---|---|---|
| 01 | Manager - Branch Management | MMGS-II | 100 |
| 11 | Manager - Credit | MMGS-II | 35 |
| 12 | Senior Manager - Credit | MMGS-III | 15 |
| Total | 150 | ||
Important Dates
| Date | Activity |
|---|---|
| 28.08.2026 | Notification released |
| 29.08.2026 | Online registration and fee payment begin |
| 15.09.2026 | Online registration and fee payment close |
| 01.08.2026 | Eligibility cut-off for age, qualification and experience |
Remember: The application window is only 18 days. Fee once paid is neither refunded nor adjusted against any other recruitment process. An application once submitted cannot be withdrawn.
Vacancy Break-up
| Post | Grade | SC | ST | OBC | EWS | UR | Total | PwBD |
|---|---|---|---|---|---|---|---|---|
| Manager - Branch Management | MMGS-II | 15 | 7 | 27 | 10 | 41 | 100 | HI 1, OC 1, VI 1, ID 1 |
| Manager - Credit | MMGS-II | 8 | 3 | 11 | 2 | 11 | 35 | OC 1 |
| Senior Manager - Credit | MMGS-III | 2 | 1 | 4 | 1 | 7 | 15 | OC 1 |
| Total | — | 25 | 11 | 42 | 13 | 59 | 150 | HI 1, OC 3, VI 1, ID 1 |
- PwBD reservation is horizontal and is counted within SC, ST, OBC, EWS and UR vacancies.
- Vacancy numbers are provisional and may change.
- Branch Management is the only Generalist Officer post in this notification.
- Credit posts under Post Codes 11 and 12 are Specialist Officer posts.
Manager - Branch Management
Post Code 01 | MMGS Scale-II | 100 Vacancies
| Eligibility Point | Requirement |
|---|---|
| Age | Minimum 23 years and maximum 33 years as on 01.08.2026 |
| Education | Graduation in any discipline from a University recognised by the Government of India or an equivalent qualification recognised by the Central Government |
| Total Experience | 3 years as an Officer in a Scheduled Public Sector Bank or Scheduled Private Sector Bank |
| Branch Banking Experience | Minimum 2 years |
| Preferred Experience | Experience as a Scale-I Branch Head |
| Probation | Minimum 6 months from the date of joining, subject to Officers' Service Regulation |
Job Profile
Selected candidates may be posted anywhere in India and will be placed as Branch Head after completion of probation.
As this is the only generalist officer post in the notification, the Professional Knowledge paper covers broad banking subjects rather than a narrow specialisation.
Example: An officer with 3 years of experience in a private scheduled bank, including 2 years handling branch operations and advances, is eligible. Three years spent entirely at a corporate office desk would not satisfy the branch banking experience requirement.
Manager - Credit
Post Code 11 | MMGS Scale-II | 35 Vacancies
| Eligibility Point | Requirement |
|---|---|
| Age | Minimum 23 years and maximum 33 years as on 01.08.2026 |
| Educational Qualification | Bachelor's degree with MBA Finance, PGDBA, PGDBM, MMS Finance, Chartered Accountant or Cost Management Accountant |
| Total Experience | 3 years post-qualification experience in a Bank or Financial Institution |
| Credit Experience | Minimum 2 years in the credit domain |
| Preferred Experience | MSME or Corporate Advances |
| Probation | 1 year of active service |
Preferred Certifications
- Certificate course in Trade Finance from IIBF or an institution of repute
- Certificate course in Corporate Lending
- Certificate course in Risk Management
- Financial Risk Manager, FRM
- JAIIB / CAIIB
These certifications are preferred rather than mandatory, but they may carry weight during the interview.
Example: A CA with 3 years of experience at a credit desk, including at least 2 years appraising MSME proposals, can satisfy the qualification and experience requirements described in the notification.
Senior Manager - Credit
Post Code 12 | MMGS Scale-III | 15 Vacancies
| Eligibility Point | Requirement |
|---|---|
| Age | Minimum 25 years and maximum 35 years as on 01.08.2026 |
| Educational Qualification | Bachelor's degree with MBA Finance, PGDBA, PGDBM, MMS Finance, Chartered Accountant or Cost Management Accountant |
| Total Experience | 6 years post-qualification experience in a Bank or Financial Institution |
| Credit Experience | Minimum 4 years in the credit domain |
| Preferred Experience | MSME or Corporate Advances |
| Probation | 1 year of active service |
Scale-II vs Scale-III Credit
| Point | Scale-II | Scale-III |
|---|---|---|
| Age | 23 to 33 years | 25 to 35 years |
| Total Experience | 3 years | 6 years |
| Credit Experience | 2 years | 4 years |
Preferred certifications include courses from IIBF or institutions of repute in Trade Finance, Corporate Lending or Risk Management, along with JAIIB or CAIIB. FRM is listed for Scale-II but is not repeated for Scale-III.
Age Relaxation
| Category | Relaxation |
|---|---|
| Scheduled Caste / Scheduled Tribe | 5 years |
| Other Backward Classes, Non-Creamy Layer | 3 years |
| Persons with Benchmark Disabilities | 10 years |
| Persons affected by the 1984 riots | 5 years |
| Ex-servicemen / ECOs / SSCOs with at least 5 years of military service | 5 years |
- Cumulative relaxation is allowed, subject to an upper age cap of 50 years.
- The stated maximum ages apply to General and EWS candidates.
- There is no reservation for ex-servicemen in the Officers' Cadre; only age relaxation is provided.
- Required certificates must be produced at the interview.
Example: An OBC Non-Creamy Layer candidate applying for Manager - Credit may receive an upper age limit of 36 years. An SC candidate for the same post may receive an upper age limit of 38 years.
Pay Scale, Bond and Perks
| Scale | Pay Scale |
|---|---|
| MMGS Scale-II | Rs. 64,820 – 2340/1 – 67,160 – 2680/10 – 93,960 |
| MMGS Scale-III | Rs. 85,920 – 2680/5 – 99,320 – 2980/2 – 1,05,280 |
DA, HRA, CCA and other allowances are payable as per rules in force from time to time.
Service Bond
- Bond Amount: Rs. 2,50,000 for MMGS-II and MMGS-III.
- Minimum Service: 3 years of active service.
- Probation: 6 months for Branch Management and 1 year for Credit posts.
Perks During Probation
- Conveyance expenses
- Newspaper cost
- Telephone or mobile expenses
- Residential furniture
- Bank-owned quarters or leased accommodation
- Rental advance and brokerage, where applicable
Exam Pattern - Branch Management
Post Code 01 | 2 Hours | 100 Marks
| Section | Questions | Marks | Medium | Duration |
|---|---|---|---|---|
| English Language | 25 | 25 | English | 30 minutes |
| Professional Knowledge | 75 | 75 | English & Hindi | 90 minutes |
| Total | 100 | 100 | — | 2 hours |
Professional Knowledge Topics
- Banking Law and Practice
- Indian Economy and Indian Financial System
- Principles and Practices of Banking
- Accounting and Financial Management
Exam Tip: The English section is available only in English, while the Professional Knowledge section is available in English and Hindi.
Exam Pattern - Credit Posts
Post Codes 11 and 12 | 2 Hours | 100 Marks
| Section | Questions | Marks | Medium | Duration |
|---|---|---|---|---|
| English Language | 25 | 25 | English | 30 minutes |
| General Awareness with Banking Industry Focus | 25 | 25 | English & Hindi | 30 minutes |
| Professional Knowledge | 50 | 50 | English & Hindi | 60 minutes |
| Total | 100 | 100 | — | 2 hours |
Difference from Branch Management
- Credit posts include a separate General Awareness section carrying 25 marks.
- Professional Knowledge carries 50 marks instead of 75.
- Professional Knowledge content varies according to the post.
- Each section has separate timing.
Remember: Time cannot be carried forward from English or General Awareness to the Professional Knowledge section.
Selection Process, Cut-offs and Final Merit
| Point | Details |
|---|---|
| Negative Marking | One-fourth of the marks allotted to a question for every wrong answer |
| Penalty for Unattempted Questions | No penalty |
| Online Exam Qualifying Marks - Unreserved | 35% |
| Online Exam Qualifying Marks - Reserved | 30% |
| Interview Qualifying Marks - Unreserved | 50% |
| Interview Qualifying Marks - Reserved | 45% |
| Final Weightage - Online Examination | 80% |
| Final Weightage - Interview | 20% |
- There are no minimum qualifying marks for the English Language and General Awareness sections.
- The Professional Knowledge cut-off must be cleared.
- The interview assesses role-related industry exposure, subject knowledge and communication skills.
Application Fee
| Category | Fee |
|---|---|
| SC / ST / PWD | Rs. 175 |
| All Others, including OBC and EWS | Rs. 1,000 |
Both amounts are inclusive of GST and are non-refundable.
Payment Modes
- Debit Card
- Credit Card
- Internet Banking
- BHIM
- UPI
Candidates should print the e-receipt generated after successful payment.
Candidates may apply for more than one post if eligible. For the same post, only the last application submitted is counted.
How to Apply
- Visit www.iob.bank.in and open the Careers section.
- Select the relevant recruitment post and complete registration.
- Save the registration number and password received after registration.
- Upload the photograph, signature, thumb impression and declaration.
- Complete the application, pay the fee online and save or print the final receipt.
Exam Centres
- Delhi / New Delhi / NCR
- Mumbai / Navi Mumbai / MMR / Thane
- Chennai
- Kolkata
- Hyderabad
- Bengaluru
Examination centres may be added or deleted. The Bank may also allot a centre other than the one selected by the candidate.
Documents Required at Interview
- Interview call letter
- System-generated online application printout
- Proof of date of birth
- Photo identity proof
- Mark sheets and educational qualification certificates
- Experience certificates
- Appointment and relieving letters
- Salary slips
- Certificates for preferred qualifications claimed
- Caste, EWS or disability certificate, where applicable
- No Objection Certificate for candidates serving in Government, PSU or a nationalised bank
Important: OBC candidates must carry a Non-Creamy Layer certificate in the Central Government format issued within one year before the interview date. Ration cards are not accepted as identity proof at the examination.
Quick Revision
| Point | Remember |
|---|---|
| Total Posts Covered | 150 |
| Branch Management | 100 vacancies |
| Manager - Credit | 35 vacancies |
| Senior Manager - Credit | 15 vacancies |
| Branch Management Experience | 3 years officer experience with at least 2 years in branch banking |
| Manager - Credit Experience | 3 years total with at least 2 years in credit |
| Senior Manager - Credit Experience | 6 years total with at least 4 years in credit |
| Branch Management Exam | 25 marks English + 75 marks Professional Knowledge |
| Credit Exam | 25 marks English + 25 marks General Awareness + 50 marks Professional Knowledge |
| Negative Marking | One-fourth of marks for each wrong answer |
| Final Weightage | Online Examination 80% : Interview 20% |
| Last Date to Apply | 15.09.2026 |
Five Things to Remember: There are 150 posts across three roles. Relevant work experience is a major eligibility filter. Branch Management and Credit posts have different exam patterns. Negative marking is one-fourth of the marks allotted to a question. Applications must be submitted online by 15 September 2026.
