 "Bank of Maharashtra")
The Bank of Maharashtra (Link: https://en.wikipedia.org/wiki/Bank_of_Maharashtra) has initiated a recruitment drive to appoint probationary officers (POs) for the year 2016-17. The leading public sector bank with head office in Pune, Maharastra has invited application from eligible candidates to fill up 500 Probationary Officer (PO) post in Junior Management Grade Scale 1 (JMGS-1).
Interested candidates are requested to apply online though the bank’s official website www.bankofmaharashtra.in on or before September 6, 2016. The notice issued by the bank mentions that no other mode of application is accepted.
Operational for the past 80 years, Bank of Maharashtra is present in 29 states and has 1896 branches.
Candidates will be shortlisted through selection process comprising an online exam followed by a personal interview and document verification. Selected candidates will be appointed as POs after successful completion of one year one year Post Graduate Diploma in Banking & Finance (PGDBF) from Manipal Global Institute or NIIT Institute of Finance, Banking & Insurance Training Limited with payscale of approximately 8.50 lakh per annum. The bank is yet to announce the dates for online exam and personal interview.
Dates to remember for recruitment of POs in JMGS - 1
| Events | Dates |
| Commencement of on-line registration | August 12, 2016 |
| Closure of registration of application | September 6, 2016 |
| Closure for editing application details | September 6, 2016 |
| Last date for online fee payment | September 6, 2016 |
| Last date to print application | September 22, 2016 |
Eligibility criteria
This year, for its PO recruitment Bank of Maharashtra is not participating in IBPS PO 2016, a screening examination conducted by Institute of Banking Personnel Selection (IBPS) to screen PO recruits. So IBPS PO exam scores are not needed to apply.
Interested candidates should be Indian nationals and must have a graduation degree in any stream as on July 1, 2016. The degree should be from a government recognized institute or university. Candidates who are awaiting their results or are undergraduates in the final year of college are not eligible to apply. Candidates should be more than 18 years of age and less than 30 years, i.e the birth date of the candidates should not be before July 2, 1986 or later than July 1, 1998 (both days inclusive). The relaxation in age limit for SC/ST/OBC/PWD/other categories is as per government rules.
Application process
The application fee for SC/ST/PWD candidates is Rs. 100 and for others is Rs. 600, and should be paid online before September 6, 2016.
How to apply online:
1. Go to official website bankofmaharashtra.in ?
2. Click on tab Careers, followed by Recruitment Process and then Current Openings
3. Click on Recruitment of Probationary Officers in JMGS-1 (PGDBF) Project-2016-17 listing
4. Complete the registration form online
5. Upload scanned copies of recent passport sized photo and signature to complete the registration process
6. Pay the application fees online
7. Take a print of the system generated filled-in application form & e-receipt for future references
Selection process
Candidates have to appear for an online examination, schedule for which will be announced by the bank at a later date. The 2-hour long examination consists of an objective test paper for 200 marks, comprising 200 question. Each wrong answer will be given 0.25 negative marking.
Details about the entrance test:
| Subject | No of questions | Maximum marks | Language | Duration |
| Reasoning ability | 50 | 50 | English & Hindi | 2 hours |
| Quantitative aptitude | 50 | 50 | English & Hindi | |
| English language | 50 | 50 | English | |
| General awareness | 50 | 50 | English & Hindi | |
| Total | 200 | 200 |
Candidates who secure a minimum total score will be selected for the interviews. After being successfully shortlisted, candidates will have complete PGDBF from NIIT University, Rajasthan OR Manipal Global Insitute of Banking, Rajasthan.
PGDBF course
A 12-month course, PGDBF will comprise 9-month classroom training? and 3-month internship at bank branches at any location with a stipend of Rs. 20,000 per month. Candidates can avail an education loan to pay for the course fee (approximately 3.50 lakh) from the bank. The EMI repayment shall start only after the candidate joins the job and will deducted from the salary for a period of 60 months (5 years).
On successful completion of training and internship, the candidates will be allotted appointment letters from Bank of Maharashtra as PO (scale I) with a total salary of Rs. 8.50 lakhs /year. All selected candidates need to sign a two year bond. In case a candidate decided to break the bond, he or she will have to pay Rs.2 lakh, stipend amount and outstanding educational loan balance to the bank.
