ABSORPTION IN BANK OF BARODA ON SUCCESSFUL COMPLETION
From 19th batch onwards the course will be consist of a -9- (nine) months of on campus residential program at the Baroda Manipal School of Banking leading to award of a Post Graduate Certificate in Banking & Finance by Manipal University. On successful completion of the Post Graduate Certificate course, the candidate would be offered appointment in the bank as PO in JMG/S-I. Immediately after joining, a 3 (three) months Work Integrated Learning (WIL) in the form of On the Job Training at any branch of Bank of Baroda will be carried out which will lead to award of a Post-Graduate Diploma in Banking & Finance by Manipal university. The course is extendable to a further 18 months of blended learning which is optional at the option of the students and which will lead to award of MBA in Banking and Finance from Manipal University.
Final placement at Bank of Baroda:
On successful completion of the Post Graduate Certificate in Banking and Finance, the candidate would be offered appointment in the Bank as PO in JMG/S-I and can be posted anywhere in India as per Banks discretion.
Emoluments on final placement:-
On successful completion of the Post Graduate Certificate in Banking and Finance, the candidate would be offered appointment in the Bank as PO in JMG/S-I which is presently in the scale of pay Rs. 23700-980x7/30560-1145x2/32850-1310x7/42020. They will also be eligible for DA, HRA / Rent Reimbursement & CCA as per rules from time to time. At present, the initial annual CTC is approximately Rs 5.5/- lacs (including perquisites) in a Metropolitan Centres.
The gross annual salary on joining the Bank will be approximately Rs 5.5/- lacs (including perquisites) in a Metropolitan Centres. Officers are entitled for various benefits / perquisites, facuilities from the bank like various reimbursements / perquisites, concessional loan facilities for different purposes, LTC / LFC, holiday home, medical facilities for self and dependents, etc
The above mentioned various salary / perquisites, benefits, etc. may increase in future, by time to time the candidates join the services of the Bank.