Baroda Manipal School of Banking (BMSB) is setup jointly by Bank of Baroda (BOB) & Manipal group to select candidates, train them in the field of banking & make them ready for bank jobs.On successful completion of training they will be absorbed by BOB as Probationary officers.BMSB has opened admissions for the year 2013 – 14
This initiative is similar to ICICI Bank PO recruitment programme, which is also being conducted in tie-up with Manipal university.
But there`s a notable difference - Bank of Baroda is a public sector bank & the one among few PSB`s to offer such an opportunity.
Dates to Note:
Online registrations from May 4 – 18, 2013
Written test (online) – July 7, 2013
1st batch (300 students) expected to begin in September 2013
4 batches are to be inducted for the year 2013 - 14, each starting every 3 months.Students for all 4 batches will be selected through the results of this current exam itself.
In total, 1200 candidates shall end up getting selected for Baroda manipal school of banking PO recruitment process.
Am I eligible?
The eligibility conditions are pretty simple as below,
- Aged between 21 to 26 yrs as on Sep 1, 2013 (+3 yrs for OBC; +5yrs for SC/ST)
- 60% marks in degree (55% for sc/st) from a recog. univ., as on 1.09.2013
- Qualifying in IBPS common bank exam or its scores are not necessary.
Final years are eligible to apply provided you submit the final mark sheet & degree cert. (provisional) on or before Sep 1, 2013
It follows a two-step approach.Eligible applicants have to appear for an online aptitude test to be held at various centres across India in the month of July.
Those who qualify in the test shall be ranked as per their marks & will be called for Group discussion & Interview. A final merit list would then be prepared on basis of performance in all these 3 stages.
For more details on exam, see Baroda manipal online test pattern & selection process
After selection, all candidates will be admitted into 1 year residential PG diploma course in banking that costs Rs.3.15 lacs which would be provided by Bank of Baroda as loan.During the training period, students will be paid Rs.2500 as monthly stipend.
The EMI for this loan amount shall be deducted automatically from your salary (after joining bob) every month for 7 years & will be reimbursed in the following manner,
Bond Period: All appointed candidates should execute a service bond agreeing to serve the bank for minimum 2 years.
Incase of breaking the agreement you are required to pay the stipend amounts + Rs.1 lakh towards training costs + outstanding loan
PO Job in Bank of Baroda
While joining the course, BOB will issue provisional offer letters to all candidates.On successful completion of training you will be
- awarded post graduate diploma (banking & finance)
- absorbed by Bank of Baroda as (scale I) probationary officer with an approx. monthly salary of Rs.25,000
The course program of 1 year constitutes 9 month classroom training & 3 months internship.
How to Register
Interested applicants must pay Rs.550(gen/obc/exsm) or Rs.50(sc/st/pwd) as application fees through
- Offline: Fill the challan given at the website, visit any branch of bank of baroda on the 2nd working day after registration, deposit the amount into the mentioned account & collect the challan`s counterfoil
- Online: The application form is integrated with an online payment gateway.Pay via debit or credit card & take a print of the transaction receipt as proof.
After remitting the payment, fill the required details asked in the online application form available at http://ibpsreg.sifyitest.com/bobbfmay13/ before 18th May.
Aspirants looking to apply for Baroda manipal school of banking`s PO selection process 2013-14 are requested to read the notifications from the website here before applying.