INSUBCONTINENT EXCLUSIVE:
Bank of Baroda Recruitment 2018: Gross annual salary on joining BoB will be approximately Rs
8 lakh.
Bank of Baroda and Manipal Group
have joined hands to set up the Baroda Manipal School of Banking (BMSB) to cater to the needs of training graduates in order to make them
job-ready for a career in banking with Bank of Baroda
On successful completion of the programme within the stipulated time period, they shall be absorbed as probationary officers by Bank of
Baroda, the bank said on its website, bankofbaroda.co.in
Candidates will be selected on the basis of an exam and subsequent interviews
of online exam (objective + descriptive) followed by psychometric assessment, group discussion and personal interview.(Candidates will be
selected on the basis of an exam and subsequent interviews, said Bank of Baroda.)Schedule of EventsDatesStart date for Online
Registration12.06.2018Online Payment of Application Fees / Intimation Charges12.06.2018 to 02.07.2018Last date for Online Registration
including Edit / Modification of Application by candidates (including far flung areas)02.07.2018Download of Call letters for Online
Examination (Tentative)After 18.07.2018Date of Online Examination (Tentative)28.07.2018Course detailsThe selected students will go through
nine months of on-campus residential program at the Baroda Manipal School of Banking leading to the award of a Post Graduate Certificate in
Banking Finance by Manipal University followed by a three months work integrated learning (WIL) in the form of on the job training at any
branch of Bank of Baroda leading to the award of a Post-Graduate Diploma in Banking Finance by Manipal university
The course is extendable to a further 18 months of blended learning which is optional at the option of the students and which will lead to
award of MBA in Banking and Finance from Manipal University.Important EventsDatesCommencement of on-line registration of
application6/12/2018Closure of registration of application7/2/2018Closure for editing application details7/2/2018Last date for printing your
application7/17/2018Online Fee Payment12/06/2018 to 02/07/2018Final Placement at Bank of BarodaOn successful completion of the Post Graduate
Certificate in banking and finance, the candidate would be offered appointment in Bank of Baroda as PO in JMG/S-I and can be posted anywhere
in India as per the bank's discretion.Emoluments/Salary on final placementat Bank of BarodaOn successful completion of the Post Graduate
Certificate in Banking and Finance, the candidate would be offered appointment in the Bank as PO in JMG/S-I which is presently in the scale
23700-980x7/30560-1145x2/32850-1310x7/42020
They will also be eligible for dearness allowance, house rent allowance/ rent reimbursement city compensatory allowance as per rules from
At present, the initial annual cost to company is approximately Rs
8 lakh (including perquisites) in a metropolitan centre.The gross annual salary on joining the bank will be approximately Rs
8 lakh (including perquisites) in a Metropolitan Centre
Officers are also entitled for various benefits / perquisites, facilities from the bank like various reimbursements / perquisites,
concessional loan facilities for different purposes, LTC / LFC, holiday home, medical facilities for self and dependents, etc.The above
mentioned various salary / perquisites, benefits, etc
may increase in future, by the time the candidates joins the services of the Bank.Stipend, incentives and reimbursements offered by Bank of
BarodaA stipend amount will be paid to the students during the entire duration of the -nine months course of the Post Graduate Certificate
in Banking Finance Programme
2,500 during the nine months campus period will be paid as stipend.Reimbursementsoffered by Bank of BarodaThe fees amount will be reimbursed
by Bank of Baroda after completion of five years of service in the Bank
This is applicable for the students of upcoming batches (Batch 13 onwards) joining after September 2014
For 1st to 12th Batches, reimbursements will be made as enumerated in their offer letter or as modified from time to time.Service bond with
Bank of BarodaOn successful completion of the course within the stipulated time period, BoB would offer appointment as a Probationary
At the time joining of Bank's services, the candidate will have to execute a service bond for serving a minimum of three years in the bank
w.e.f the date of their joining Bank's service or else, shall pay back to the bank the full amount of stipend received by him / her during
the program, a notional amount of Rs
1 lakh towards the cost of on-the -job training and also liquidate the entire educational loan outstanding at that point in time at the
prevailing card rate from the date of availing of loan.From the third year onwards, any officer leaving the Bank's service will only have to
clear his / her outstanding educational loan dues at applicable card rate
This condition is applicable to the candidates joining for BMSB from the selection exercise 2015-16 onwards
In case of candidates from 1st to 15th Batch (up to Selection exercise 2014-15), the period of service Bond will be two years.
