BOB Bank PO Manipal

I want to join banking line and for this want to join Baroda Manipal School of Banking (BMSB) of BOB. Will you provide me details about the BOB Bank PO Manipal program along with eligibility to apply for this program also tell what the fees or training cost for this program?

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 issued the notification opening up admissions for the year 2016-17

This initiative is similar to ICICI Bank PO recruitment programme, which is also being conducted in tie-up with Manipal university.

Eligibility:

The eligibility conditions are pretty simple as below,

Aged between 20 to 28 yrs (+3 yrs for OBC; +5yrs for SC/ST)
60% marks in degree (55% for sc/st) from a recog. univ

Qualifying in IBPS common bank exam or its scores are NOT necessary.

Selection procedure:

The process of selection is similar to any other bank exam with the following stages:

Online written test
Group discussion
Interview

First, all eligible applicants are to appear for an online aptitude test to be held at various centers across India in the month of September.

The pattern consists of objective & descriptive tests for a total of 250 marks.

You need to score separate cutoffs in each test & also on the total score in order to qualify for GD/ interviews.

Training Cost

After selection, all candidates will be admitted into 1 year residential PG diploma course in banking that costs Rs.3.45 lacs which would be provided by Bank of Baroda as loan.

During the training period,

Rs.2500 shall be paid during classroom training (9 months)
Rs.10000 during internship as monthly stipend (3 months)

The EMI for this loan amount shall be deducted automatically from your salary (after joining bob) every month for the next 7 years.

After an officer completes 5 yrs in bank, the loan of Rs.3.45 lacs is reimbursed (paid back to the candidate)

Bond Period: All appointed candidates should execute a service bond agreeing to serve the bank for minimum 3 years.

__________________
Answered By StudyChaCha Member