(Notification) Recruitment of Probationary Officer (PO) at Bank of Baroda 2015-16

Baroda Manipal School of Banking

(Notification) Recruitment of Probationary Officer (PO) at Bank of Baroda 2015-16

We are looking for young, qualified, mobile and active minds who can be imparted with the necessary knowledge and skills required to be good all-round bankers through the 1 year Post Graduate Diploma in Banking and Finance course in Baroda Manipal School of Banking, Bangalore or in any other Institute in other part of the country, as decided by the Bank.

On successful completion of the course within the stipulated time period, the candidate would be offered appointment in the Bank as Probationary Officer in Junior Management Grade / Scale-I which is presently in the scale of Rs. 14500-600x7/18700-700x2/20100-800x7/25700 (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.

Candidates shall be selected through selection process consisting of online exam followed by Group Discussion and Personal Interview. Interested candidates who fulfill the eligibility criteria may apply online by visiting our website www.bankofbaroda.co.in during 03.03.2015 to 17.03.2015 and no other mode of application will be accepted.

Admission to the 1 year full-time post graduate diploma course in Banking and Finance from Manipal University or any other Institute in other part of the country, as decided by the bank comes with the assurance of a full-fledged Banking career with Bank of Baroda on successful completion of the course.

ELIGIBILITY CRITERIA AND GENERAL INFORMATION

Qualification (As on 01.06.2015) - Degree (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 may 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.

Candidate should indicate the percentage obtained in Graduation calculated to the nearest two decimals in the online application. The fraction of percentage so arrived will be ignored i.e. 59.99% will be treated as less than 60% and 54.99% will be treated as less than 55%.

Age (As on 17.03.2015) Minimum 20 years- Maximum 28 years i.e a candidate must have been born not earlier than 18.03.1987 and not later than 17.03.1995 (both dates inclusive)

SELECTION PROCESS

Candidates shall be selected by BOB through a selection process consisting of an (open) online exam followed by Group Discussion AND Interview.

The selection process aims at getting applicants who are likely to succeed at various roles in the Bank. The endeavour is to select people who are bright, have good communication skills (both oral and written), are dedicated, can work effectively in teams, are passionate about their career goals and who display integrity and a positive attitude.

Type	Sr. No.	Name of the Test	No. of Qs.	Max. Marks	Composite Time
Objective (Online)	1	Reasoning	50	50	2 hours
	2	Quantitative Aptitude	50	50
	3	English Language	50	50
	4	General Awareness (with special reference to Banking Industry)	50	50

PROGRAMME FEES

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.

FINANCING / LOAN OPTIONS

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 . Students can therefore obtain a high quality specialized course in Banking and Finance without any monetary burden on them and fully financed by the Bank.

The EMIs for the loan would start on completion of the course duration (i.e. one year from admission). There would be no recovery of EMIs or interest during the training period and the interest accrued during this period would be recovered along with the normal EMIs. The EMIs are spread over a period of 84 months (7 years) to ensure that there is minimal impact in the monthly earnings of the PO.

Application Fee:

For GEN & OBC Rs.600.00 (application fees)
For SC/ST/PWD candidates Rs.100.00 (intimation charges)

HOW TO APPLY

Candidates can apply online only from 03.03.2015 to 17.03.2015 through the link in the careers page of the Banks website www.bankofbaroda.co.in and no other mode of application will be accepted.

Prerequisite for applying online:

Before applying online, candidates should:

Scan their photograph and signature, ensuring that both conform to the required specifications given in Annexure-I to this notification.
Keep the necessary details of Educational Qualifications and other personal details handy for entering in the online application.
Create a valid personal email ID, if not already done. The email ID should be kept alive for entire duration of the selection process. Under no circumstances, the applicant should share email ID with any other person. Third party email ID is not permitted.