BOI PGDBF Salary and Profile
Bank of India has released the official notification for the recruitment of Probationary Officers upon passing the Post Graduate Diploma in Banking & Finance. BOI will recruit the candidates as PO in JMGS-I. Online application started on 11th February 2023. Candidates can check details of the salary, course details, and job profile below.
BOI PGDBF Salary
Basic pay as below and other allowances and perquisites as applicable: Present Scale of Basic Pay for regular positions (in Rs.)
| Scale | Scale of Pay |
|---|
| Junior Management Grade Scale I (JMGS I) | 360 001490 /7464301740 /2499101990 /763840 |
Admission for Post Graduate Diploma in Banking &Finance (PGDBF)
After the final selection of the candidates as above, they are to mandatorily pass the Diploma course (PGDBM) before getting inducted/ absorbed in the Bank.
Course Fee:
The Fee for the abovesaid PGDBF course of one year is Rs. 3,50,000/- + GST which can be made by the selected candidate as per the following schedule program
| 1 | On or before the commencement of the Training Program for the the commencementrespective Batch Tentatively training programme will start in 1st week of April, 2023 | Rs.1,20,000/- (IndianRupees One Lakh Twenty Thousand only) Plus GST |
| 2 | On or before the commencement of 2nd trimester for a particular Batch of the Training Program | Rs.1,20,000/- (IndianRupees One Lakh Twenty Thousand only) Plus GST |
| 3 | On or before thecommencement of 3rd trimesterfor a particular Batch of the Training Program. | Rs.1,10,000/- (IndianRupees One Lakh Ten Thousand only) Plus GST |
The aforesaid course fee of Rs.3,50,000/- (Rupees Three Lakh Fifty Thousand only) includes the in-person classroom and computer lab facilities, advanced library facilities, residential accommodation on sharing basis, all boarding facilities (breakfast, lunch, dinner), shuttle transport for candidates between hostel to classroom training facility during the Classroom Training. The training fee however, does not cover Candidate's personal expenses, any other expenses unless specifically agreed, and Boarding and lodging expenses incurred during on-the-job training and communication expenses. Any other expenses as mandated in the PGDBF course like certification examination, books, etc. will be borne by the candidates.
Education Loan
Bank may grant Education Loan to the candidate subject to eligibility as per the education loan scheme of our Bank regarding quantum of finance, margin, security, documentation, Rate of interest, repayment etc. The maximum loan amount granted to the candidate will be equal to the course fee. If the candidate wishes to avail of a loan for the purchase of a Laptop, the Loan quantum for the Laptop shall be limited to Rs.50,000/- or the actual cost of the Laptop, whichever is lower over and above the education loan.
Reimbursement of Course Fee
After the successful completion of 5 years of service in the Bank as a regular employee, the Bank will reimburse the total course fee to the candidates. For candidates who have availed of education loan towards payment of Course Fees, the loan amount will be reimbursed in the loan account which subsequently lead to the closure of the account.
Agreement/Security Bond
The selected candidates at the time of joining the course have to execute an Agreement to serve the Bank for a minimum period of three (3) years of service.
Ennoulments/Stipends During Course Period
During the first three trimesters i.e. Training period at the institute, a stipend of Rs.2500/- per month, and during the last trimester, a stipend of Rs.15,000/-per month will be paid to the candidate.
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