BOB Recruitment 2024: Apply for 168 Posts Online Now!
Bank of Baroda is thrilled to share some fantastic news about its recruitment drive for the upcoming 2024 cohort. They are welcoming applications from candidates with educational backgrounds ranging from 10th grade all the way up to a Master’s Degree in related disciplines. Interested individuals can apply exclusively through the bank’s official website, with the application window opening on June 12, 2024, and closing on July 2, 2024.
The official announcement offers comprehensive details about the selection criteria, exam timelines, and other important information. If you’re eager to learn how to participate in Bank of Baroda’s recruitment for both Regular and Contract positions in 2024, keep reading this post. It’s packed with all the essential insights you’ll need to navigate the Bank of Baroda Bharti 2024 application process.
Important Dates for BOB Recruitment 2024 – Key Info
| 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 |
BOB Recruitment 2024: Application Fees Details
Individuals seeking to apply for the BOB Recruitment 2024 are required to pay specific application fees according to their respective categories. Applicants from the General, EWS, and OBC groups must provide a payment of Rs.600/-, along with any applicable taxes and charges from the payment gateway. In contrast, candidates belonging to the SC, ST, PWD categories, as well as female applicants, benefit from a reduced fee of Rs.100/-, plus relevant taxes and payment gateway fees. It is crucial to note that this application fee is non-refundable, regardless of whether an online test is conducted or if the applicant is called for an interview. This fee is an essential part of the application process for all candidates.
BOB Recruitment 2024: Location of Posting Details
“Roles numbered 1 through 6 will be allocated according to the operational needs of the Bank, which may result in successful applicants being stationed at various offices or branches throughout India. In contrast, positions numbered 7 and 8 will have a designated location in Mumbai. It is important to understand that those chosen for these roles might be relocated to different branches or offices across the nation as per the Bank’s decision.”
BOB Recruitment 2024 – Vacancy Details & Updates
| 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 Explained
| 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 |
Individuals belonging to Scheduled Caste and Scheduled Tribe groups are entitled to a 5-year extension in the Upper Age Limit. Meanwhile, those from Other Backward Classes (Non-Creamy Layer) receive a 3-year extension. For Persons with Disabilities, the age relaxations vary by category: General/Economically Weaker Section (EWS) benefits from a 10-year extension, OBC gets 13 years, and SC/ST is granted 15 years.
Ex-servicemen, which includes Commissioned Officers such as Emergency Commissioned Officers (ECOs) and Short Service Commissioned Officers (SSCOs) who have completed a minimum of 5 years in service and were honorably discharged, qualify for age relaxations of 5 years for General/EWS, 8 years for OBC, and 10 years for SC/ST. Additionally, those impacted by the riots of 1984 are also eligible for a 5-year relaxation.
BOB Recruitment 2024: Required Educational Qualifications
Aspiring candidates for the BOB Recruitment 2024 roles must fulfill certain educational requirements:
Forex Acquisition & Relationship Manager: A bachelor’s degree in any field is essential, complemented by a postgraduate degree or diploma focused on marketing or sales.
Credit Analyst (MMG/S-II): Candidates must possess a bachelor’s degree in any discipline along with a Chartered Accountant qualification.
Credit Analyst (MMG/S-III): This position requires a bachelor’s degree in any area, paired with a specialized postgraduate degree in finance or equivalent credentials like CA, CMA, CS, or CFA.
Relationship Manager: The basic qualifications include a bachelor’s degree in any subject and a specialized postgraduate degree or diploma in finance (minimum one-year program). Preferred qualifications are CA, CFA, CS, or CMA.
Senior Manager Business Finance: Applicants should hold 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 discipline and a Chartered Accountant qualification are required. Candidates with DISA/CISA certification will be prioritized.
Salary Structure for 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.
BOB Recruitment 2024: Selection Process Explained
The selection procedure for the BOB Recruitment 2024 may involve various assessments, such as online tests, psychometric evaluations, and other pertinent examinations. Candidates who excel in the preliminary online assessment will move forward to participate in Group Discussions or Interviews. Depending on whether the number of applications is particularly high or low, the Bank reserves the right to modify the criteria for shortlisting and interviewing.
The Bank may choose to implement a mix of Multiple Choice questions, Descriptive assessments, Psychometric evaluations, Group Discussions, Interviews, or other methods for this recruitment. Furthermore, it retains the authority to evaluate candidates for positions beyond their original applications, provided they meet the necessary eligibility criteria. If deemed necessary, the Bank might also merge similar roles into a single position.