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Whenever an aspirant is looking for a job, the prime determining factors are often the salary and the job profile. Therefore, to know the salary details as well as the job roles & responsibilities are important before any candidate applies for a job. Bank of Baroda offers the Probationary Officer jobs to all the banking aspirants who are willing to grow in the industry. Each year, the Indian Institute for Banking Personnel Selection (IBPS) conducts an elaborate selection process in order to choose eligible candidates for the post of BOB PO. Thousands of young and energetic aspirants do apply for the job. However, only a few get through the selection stages and land the job. In this article, let us read about the Bank of Baroda PO Job Profile in detail.
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Bank of Baroda PO Job Profile
The Bank of Baroda PO post is one of the popular career options for many job seekers in the country. As thousands of job seekers apply for this post on an annual basis, the credibility of the job is also on the rise. As a probationary officer plays a very important role in the overall functioning of a bank, this post is of utmost importance.
Usually, many of the aspirants who are from a non-banking background clear the competitive examination and grab the job. However, when it comes to the real performance at the job, they struggle due to the lack of experience in the finance and banking sector. Therefore, to avoid this scenario, the Bank of Baroda has come up with a One year Post Graduate Diploma Course for the candidates who clear the selection process. Only upon the successful completion of this course, the candidate will be selected to the post of Probationary Officer.
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Bank of Baroda PO Lifestyle
1: What does the acronym "ATM" stand for in banking?
Each candidate who clears the selection stages must enroll for the Post Graduate Diploma in Banking and finance. This program definitely helps the future officers to gain a command over their job. It also gives ample training for all the candidates in the Banking and Finance Sector. Hence, when we check the job profile of a BOB PO, it is essential to look out for the details of the time during the course also.
During the Course
Once a candidate successfully clears the 2 selection stages in the BOB PO Recruitment, he/she will be enrolled for the Post Graduate Diploma Course in Banking and Finance. This is offered to the candidates by the Manipal Academy of Higher education (MAHE) at the Baroda Manipal School of Banking (BMSB).
The Post Graduate Diploma in Finance and Banking is basically a 9 month long program that involves classroom learning. After completing these 9 months at BMSB, each of the candidates will be allotted on-the-job training at different BOB offices in the country. Some of the highlights of the classes at BMSB are:
- All the candidates must remit a certain amount of course fee to join this programme. However, the course fee is all inclusive and candidates shall not be asked to pay any other sort of fee.
- Daily classes will begin at 9.00 am and continues till 5.30 pm
- Classes will be held from Monday through Friday. Saturdays of the week are devoted to training while Sundays are holidays.
- As each student enrolled here is treated as an Officer, a similar level of discipline is also expected from them.
- In spite of the vigorous study schedule, life at Baroda Manipal School of Banking (BMSB) can be enjoyable in every aspect.
After the Course
Once the candidate graduates with the post graduate diploma from the Baroda Manipal School of Banking (BMSB), then the posting of the officers is done accordingly. It is not guaranteed that you get your posting only at your home town. It can be anywhere across India.
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BOB PO Salary
Just like any other banking career, the BOB PO also offers an attractive salary to the employees. Also, there are many other perks and benefits that can be enjoyed by a probationary officer.
- The basic salary of a BOB PO is Rs. 23,700/-. However after several revisions and increments, the basic salary of a BOB PO shall reach up to Rs. 42020/-.
- Various other benefits like dearness allowance, transportation allowance, housing rent allowance, city compensatory allowance, etc
- Reimbursements of various utilities like newspaper, furniture, cleaning, etc are also available.
- The officers will receive easy loan access for vehicles, houses, computers, etc.
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Job Roles and Responsibilities of BOB PO
Almost all of the banks in India offer the Probationary Officer job to the banking aspirants. It has become an indispensable part of the day to day functioning of the bank. Once a candidate gets appointed as a PO at BOB, he/she has certain job roles and responsibilities to fulfill. The important ones are listed below:
- Effective Regulation of Daily Activities
There are numerous activities going on in a bank on a daily basis. The basic job role of a Probationary Officer is to regulate and organize the day-to-day activities of the bank.
- Processing and Approval of Loans
Every Probationary Officer has the right to process and approve loans. For this, the officer must verify the documents submitted by the customers. Also, the Probationary Officer must take care that none of the loans approved by them falls in the Non Performing Assets category.
- Client Communication
As far as any banking facility is concerned, the customer is the king. Therefore, it is essential to maintain a healthy and fruitful relationship with the customers. This is possible only by efficient communication with all the clients who arrive at the bank.
- Project Enactment
Whenever a new scheme or project is announced by the Central Government, the Probationary Officer must step up to implement it without any hiccups within the organization.
- Report Validation
Annual balance sheets and reports are the important documents of every bank. A probationary officer should maintain the reports of the bank along with verification and profit & loss calculation.
- Remission of Dues
The probationary officer should take necessary measures so as to clear all the payment dues by the customers and entities. He/she is also responsible to maintain every document related to it.
- Immediate Tasks
As the basic purpose of joining as a Probationary Officer in a banking institution is to learn about the overall functioning, the candidate must be willing to take up any other task assigned by the head. This helps in building organizational skills, leadership quality and all the necessary skills required to be in the banking business.
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BOB PO Career Growth
For any aspirant who aims for a job in the banking sector, the post of Probationary Officer is the best choice. Upon appointed as a PO in any of the public sector or the private sector banks, a candidate will be able to learn the banking job inside out. He/she will become familiar with the day to day happenings in the bank and get accustomed to it. Furthermore, the possibility of a bright career with excellent growth opportunities many aspirants towards this job.
Starting as a Probationary Officer a candidate can achieve heights up to the General Manager of the Bank. Check out the details of BOB PO Career Growth here.
- Probationary Officer (PO) – Junior Management Grade Scale I
- Manager – Middle Management Grade Scale II
- Senior Manager – Middle Management Grade Scale III
- Chief Manager – Senior Management Grade Scale IV
- Assistant General Manager – Senior Management Grade Scale V
- Deputy General Manager – Top Management Grade Scale VI
- General Manager – Top Management Grade Scale VII
During each stage of the career growth, the salary received by the officer will change accordingly. Also, the officer can enjoy the benefits and allowances of as his/her career advances from Scale 1 to Scale 7.
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How to become Bank of Baroda PO ?
For any banking aspirant who wants to fulfill the dream of a BOB PO, he/ she must go through a few basic processes. Here is the step wise guide towards the BOB PO Journey.
- Official Notification Release
As for any other recruitment, the Bank of Baroda PO selection processes commences with the release of the official notification. The notification contains all the essential information about the recruitment including the number of vacancies, eligibility, selection process, exam pattern, syllabus, etc.
- Application Window
After the notification is out, the exam conducting body will open the application window. During this period all the eligible and interested candidates shall apply for the post. There is an end date to fill the online application as well as remit the application fee. All the applicants must take care of it.
- Selection Process
The selection to the post of BOB PO begins with a written examination. It consists of both online examination and descriptive test. The candidates who qualify this round are selected for the Interview/ Group Discussion/ Psychometric test.
Upon completing the two basic selection processes, the qualified candidates will be enrolled for a one year Post Graduate Diploma in Banking and Finance offered by Manipal Academy of Higher education (MAHE) at Baroda Manipal School of Banking.
- Posting
After completing the course successfully, the candidates will be appointed as the Probationary Officers at BOB. However, the posting will be done across the different cities of India based on the number pf vacancies.
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As we have discussed the Bank of Baroda PO Job Profile in detail in this article, all the job seekers shall go through the article and ponder upon it. Undoubtedly BOB PO job is one of the best options to kick start a banking career. So, keep up your spirits high and get ready to face the selection process. Start your preparation for the examination today itself. Also, stay tuned to us for further updates and news regarding BOB PO Recruitment.
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