BOB Recruitment 2024: Apply Online for 168 Posts, Eligibility, Online Application
Bank of Baroda has made an exciting announcement regarding the recruitment process for the upcoming 2024 batch. Individuals with qualifications ranging from 10th grade to Master’s Degree in relevant fields are invited to apply online. The application process will be conducted exclusively through the official website, with submissions accepted from 12th June 2024 to 2nd July 2024.
The official recruitment notice provides detailed information on the selection process, examination schedules, and other essential particulars. To discover how to apply for Bank of Baroda’s Regular and Contract Basis Recruitment 2024, delve into this post until the very end. It contains all the vital information needed to apply for Bank of Baroda Bharti 2024.
Important Dates for BOB Recruitment 2024
Post Name | BoB Relationship Manager |
Organization | Bank of Baroda |
Vacancies | 168 |
Application Mode | Online |
Application Start Date | 12.6.2024 |
Application Last Date | 2.7.2024 |
Notification | PDF Download |
Application Fees of BOB Recruitment 2024
Candidates applying for the BOB Recruitment 2024 will need to pay specific application fees based on their category. General, EWS, and OBC applicants must submit a fee of Rs.600/- in addition to relevant taxes and payment gateway charges. Conversely, SC, ST, PWD, and female candidates are eligible for a reduced fee of Rs.100/- plus applicable taxes and payment gateway charges. It should be emphasized that this application fee is non-refundable, irrespective of the conduct of an online test or the candidate’s selection for an interview. This fee represents an obligatory component of the application process for all candidates.
Location of Posting BOB Recruitment 2024
Positions from serial numbers 1 to 6 will be assigned based on the Bank’s operational requirements, potentially leading successful candidates to work in various offices or branches across India. Conversely, roles at serial numbers 7 and 8 will have a fixed posting location in Mumbai. It should be noted that individuals selected for these positions may be transferred to different branches or offices throughout the country at the Bank’s discretion.
Vacancy Details of BOB Recruitment 2024
No | Post Name | Grade/Scale | Vacancies |
1 | Forex Acquisition & Relationship Manager | MMG/S-II | 11 |
2 | Forex Acquisition & Relationship Manager | MMG/S-III | 4 |
3 | Credit Analyst | MMG/S-II | 10 |
4 | Credit Analyst | MMG/S-III | 70 |
5 | Relationship Manager | MMG/S-III | 44 |
6 | Relationship Manager | SMG/S-IV | 22 |
7 | Senior Manager Business Finance | MMG/S-III | 4 |
8 | Chief Manager Internal Controls | SMG/S-IV | 3 |
Age Restriction for BOB Recruitment 2024
Post Name | Grade/Scale | Minimum Age | Maximum Age |
Forex Acquisition & Relationship Manager | MMG/S-II | 24 | 35 |
Forex Acquisition & Relationship Manager | MMG/S-III | 26 | 40 |
Credit Analyst | MMG/S-II | 25 | 30 |
Credit Analyst | MMG/S-III | 28 | 35 |
Relationship Manager | MMG/S-III | 28 | 35 |
Relationship Manager | SMG/S-IV | 35 | 42 |
Senior Manager Business Finance | MMG/S-III | 28 | 38 |
Chief Manager Internal Controls | SMG/S-IV | 28 | 40 |
Scheduled Caste and Scheduled Tribe categories benefit from a 5-year age relaxation in the Upper Age Limit. Other Backward Classes (Non-Creamy Layer) enjoy a 3-year relaxation. Persons with Disability have different relaxations based on their category: General/Economically Weaker Section (EWS) – 10 years, OBC – 13 years, SC/ST – 15 years.
Ex-servicemen, including Commissioned Officers such as Emergency Commissioned Officers (ECOs)/Short Service Commissioned Officers (SSCOs), who have served at least 5 years in the military and were honorably discharged, are eligible for relaxations of 5 years for Gen/EWS, 8 years for OBC, and 10 years for SC/ST categories. Individuals affected by the 1984 riots are also granted a 5-year relaxation.
Educational Qualifications for BOB Recruitment 2024
Candidates applying for the BOB Recruitment 2024 positions must meet specific educational criteria:
- Forex Acquisition & Relationship Manager: You should have a bachelor’s degree in any discipline along with a postgraduate degree or diploma focusing on marketing or sales.
- Credit Analyst (MMG/S-II): A bachelor’s degree in any subject and a Chartered Accountant qualification are required.
- Credit Analyst (MMG/S-III): A bachelor’s degree in any field and a specialized postgraduate degree in finance, or equivalent qualifications like CA, CMA, CS, or CFA.
- Relationship Manager: Minimum qualifications include a bachelor’s degree in any field and a specialized postgraduate degree or diploma in finance (at least a one-year program). Preferred qualifications consist of CA, CFA, CS, or CMA.
- Senior Manager Business Finance: You need a bachelor’s degree in any field and either a Chartered Accountant certification or a postgraduate degree/diploma in finance.
- Chief Manager Internal Controls: A bachelor’s degree in any field and a Chartered Accountant qualification are mandatory. Candidates holding DISA/CISA certification will be given priority.
Salary Structure BOB Recruitment 2024
The 2024 BOB Recruitment reveals a comprehensive overview of the Salary Structure Scale of Pay, subject to occasional revisions. In the Middle Management Grade Scale II (MMGS II), the salary begins at Rs. 64820 and progresses in Rs. 2340 increments up to Rs. 67160, then increases by Rs. 2680 through 10 stages to reach Rs. 93960.
Transitioning to the Middle Management Grade Scale III (MMGS III), the salary kicks off at Rs. 85920 and, with five increments of Rs. 2680, reaches Rs. 99320, then ascends by Rs. 2980 through two stages to cap at Rs. 105280. As for the Senior Management Grade Scale IV (SMG/S-IV), the salary starts at Rs. 102300, rises by Rs. 2980 over four stages to hit Rs. 114220, then advances by Rs. 3360 over two stages to peak at Rs. 120940.
The Emoluments provided at the initial level of MMG/S-II, MMG/S-III, and SMG/S-IV monthly encompass various components such as Dearness Allowance (DA), Special Allowance, House Rent Allowance (HRA), City Compensatory Allowance (CCA), and additional benefits including accommodation facilities, Conveyance, Medical Aid, Leave Travel Concession (LTC), among others, in accordance with the Bank’s prevailing regulations.
The consolidated monthly Cost to Company (CTC) amounts to about Rs. 2.30 lakhs, Rs. 2.80 lakhs, and Rs. 3.30 lakhs for MMG/S-II, MMG/S-III, and SMG/S-IV, respectively, in Mumbai. It is essential to recognize that the specific allowances may fluctuate based on the Officer’s designated location.
Selection Process of BOB Recruitment 2024
The BOB Recruitment 2024 selection process could encompass a range of evaluations, including online assessments, psychometric tests, and other relevant exams. Candidates who perform well in the initial online test will advance to the Group Discussion or Interview rounds. Should the volume of applications be exceptionally high or low, the Bank holds the prerogative to adjust the shortlisting criteria and interview processes accordingly.
At its discretion, the Bank might employ a combination of Multiple Choice, Descriptive, Psychometric Tests, Group Discussions, Interviews, or alternative selection techniques for this position. Moreover, the Bank maintains the right to assess a candidate’s suitability for roles different from their initial application, subject to meeting the specified eligibility requirements. Additionally, if needed, the Bank may consolidate similar positions into a unified role.