Bank of Baroda has released an official notification inviting online applications for the recruitment of 1200 probationary officers.
Please note that unlike other vacancies, this one is not a direct job entry. Bank of Baroda will recruit you as a student and once you complete the course satisfactorily you will be absorbed as a bank PO.
You will prepare for a 1 year Post Graduate Diploma in Banking and Finance course in Baroda Manipal School of Banking, Bangalore or in any other Institute in India as decided by the Bank.
Vacancies Details For Bank Of Baroda PO
There are total 1200 posts which are bifurcated as below:
- Unreserved: 606 Posts
- OBC: 324 Posts
- SC: 180 Posts
- ST: 90 Posts
Age Limits For Bank Of Baroda PO
The minimum age is set to be 20 years whereas maximum is 28 years as on the date 17-03-2015. Relaxation in the age limit will be applicable as per the rules and regulations of the government.
Education Qualification For Bank Of Baroda PO
Graduation with minimum 60% (55% for SC/ST/PWD) marks in any discipline from a recognized University OR any equivalent qualification as such recognized by Central Government.
Students appearing in the final year of graduation can also apply but their final selection will only be subject to their being able to pass and produce their Graduation Certificate/Mark sheets with the minimum stipulated marks as on 01.06.2015.
Salary And Other Benefits
Successful candidates (those who complete the course) will join the Bank as Probationary Officer in Junior Management Grade / Scale-I which is presently in the scale of Rs. 14500-600×7/18700-700×2/20100-800×7/25700 (due for revision).
They will also be eligible for DA, HRA & CCA, as per rules in force from time to time. At present, the initial yearly emoluments (salary component only) of Junior Management Grade/ Scale-I Officer, including DA, HRA, CCA are approximately Rs 3.86/- lakhs in a Metropolitan Centre.
For general & OBC category candidates : Rs. 600
For SC/ST category : Rs. 100
How To Apply For Bank Of Baroda PO
You can apply online only from 03.03.2015 to 17.03.2015 through the Bank’s website www.bankofbaroda.co.in.
Before applying online, you should:
- Scan your photograph and signature, ensuring that both conform to the required specifications.
- Keep the necessary details of Educational Qualifications and other personal details handy for entering in the online application.
Please check the online form before submitting it.
You will need to pay the application fees online using Debit Cards (RuPay/Visa/MasterCard/Maestro), Credit Cards, Internet Banking, IMPS, or Cash Cards/ Mobile Wallets.
Once the process gets completed the system will generate an e-receipt, Registration Number & Password will be generated – note down your registration number and password for future reference.
You DO NOT need to send any print to the bank, but if you want you can keep one for your reference.
Selection Procedure For Bank Of Baroda PO
Candidates shall be selected by BOB through a selection process consisting of an (open) online exam followed by Group Discussion AND Interview.
The online exam will have 50 questions each from Reasoning, Quantitative Aptitude, English Language and General Awareness(with special reference to Banking Industry).
Each question will carry 1 mark. There will also be negative marking (-1/4 mark for each wrong answer).
Along with the call letters, information handout and a sample test shall also be uploaded on the site which candidates can take to familiarize themselves with the nature of Test & Questions.
Candidates will be shortlisted for further rounds on the basis of their performance in the online test. The final merit list for selection will be on the basis of performance in Online Test, Group discussion (GD) and Interview.
In case you thought the training would be free, I am sorry to break your bubble.
The fees for this Course will be Rs. 3.45/- lakhs (all inclusive of boarding, Lodging and course fees, other fees, etc.) plus service taxes, as applicable to be paid by the student.
Apart from the above course fees, the exam fees for undergoing various Certification exams viz. NISM (Mutual Funds) and NISM (Depository services) as mandated under the course will have to be borne by the candidates, as per the fees charged by NISM from time to time for conducting these Certification exams. Currently, the fees for NISM (Mutual Funds) and NISM (Depository services) certification exams comes to Rs. 2500/- per candidate.
Students can finance the course fees by availing an Education Loan which will be granted by Bank of Baroda at a highly concessional rate of interest of 8% p.a .