BOI PGDBF PO Exam Overview
BOI (Bank of India) has released a notification to hire Credit Officers & IT Officers. This is a good opportunity for those aspirants who are willing to enter into the banking domain. There are 500 vacancies in total. All the other important details regarding this notification are mentioned below:
Bank of India Overview
|Founded||7 September 1906; 116 years ago|
|Headquarters||Mumbai, Maharashtra, India|
|Number of locations|
- Atanu Kumar Das
(MD & CEO)
- Consumer banking
- Corporate banking
- Finance and insurance
- Investment banking
- Mortgage loans, private banking
- Private equity
- Asset management
- Wealth management
|Revenue||₹45,955 crore (US$5.8 billion) (2022)|
|Operating income||₹38,281 crore (US$4.8 billion) (2022)|
|Net income||₹3,404 crore (US$430 million) (2022)|
|Total assets||₹725,856.45 crore (US$91 billion) (2021)|
|Owner||Government of India|
|Number of employees||51,459 (March 2021) |
|Parent||Government of India|
|Capital ratio||14.93% (2021)|
BOI PGDBF PO 2023 Notification PDF
The notification of BOI Credit Officer & IT Officer was released in the month of February 2023. We are summarizing all the important details of this notification viz. vacancy details, exam pattern, eligibility criteria, here. Please go through each & every aspect of this notification as any mistake on your part may lead to the cancellation of your candidature.
BOI PGDBF PO 2023 Overview
|Organisation||Bank of India|
|Post Name||Credit Officer & IT Officer|
|Online Registration||February 11-25, 2023|
|PGDBF course||1 Year |
Credit Officer: Graduation
IT Officer: 4 year Engineering/ Technology Degree in Computer Science/ Computer Applications/ Information Technology/ Electronics/ Electronics & Telecommunications/ Electronics & Communication/ Electronics & Instrumentation
A graduate degree in any discipline AND Post Graduate Degree in Electronics/ Electronics & Tele Communication/ Electronics & Communication/ Electronics & Instrumentation/ Computer Science/ Information Technology/ Computer Applications
A Graduate degree in any discipline AND having passed DOEACC ‘B' level
|Age||20 - 29|
|Selection Process||Online Test => GD => Personal Interview|
|Pay Scale||36000- 1490/7- 46430- 1740/2- 49910- 1990/7- 63840|
BOI PGDBF PO 2023 Important Dates
|Submission of on – line application commencing from||11.02.2023|
|Last date for submission of on – line application||25.02.2023|
|Relevant date for Age and Qualification||01.02.2023|
|Tentative Date of Online Examination||Will be advised separately|
BOI PGDBF PO 2023 Vacancies
|Name of the Post|
|Category wise distribution of vacancies to be declared||Out Of which|
Credit Officer in General Banking
in Specialist stream
|Total|| || ||76||40||138||48||198||500||7||6||5||6|
BOI PGDBF PO 2023 Eligibility Criteria
BOI PGDBF PO 2023 Eligibility Criteria
|Name of the Post||Age||Educational Qualifications|
As GBO – JMGS-I
|20 to 29 years|
A Degree (Graduation) in any discipline from a University recognised by the Govt. Of India or any equivalent qualification recognized as such by the Central Government.
The candidate must possess valid Mark-sheet / Degree Certificate that he/ she is a graduate on the day he / she registers and indicate the percentage of marks obtained in Graduation while registering
As Specialist in JMGS-I
|20 to 29 years|
a) 4 year Engineering/ Technology Degree in Computer Science/ Computer Applications/ Information Technology/ Electronics/ Electronics & Telecommunications/ Electronics & Communication/ Electronics & Instrumentation
b) A graduate degree in any discipline AND Post Graduate Degree in Electronics/ Electronics & Tele Communication/ Electronics & Communication/ Electronics & Instrumentation/ Computer Science/ Information Technology/ Computer Applications
C) A Graduate degree in any discipline AND having passed DOEACC ‘B' level
All the educational qualifications mentioned should be from a University/ Institution/ Board recognised by Govt. Of India/ approved by Govt. Regulatory Bodies and the final result should have been declared on or before 01.02.2023
Relaxation of Upper Age Limit
|Sr. No.||Category||Age relaxation|
|1.||Scheduled Caste/Scheduled Tribe||5 years|
|2.||Other Backward Classes (Non-creamy layer)||3 years|
|3.||Persons With Benchmark Disabilities as defined under "The Rights of Persons with Disabilities Act, 2016"||10 years|
|4.||Ex-Servicemen, Commissioned Officers including Emergency Commissioned Officers (ECOs)/ Short Service Commissioned Officers (SSCOs) who have rendered at least 5 years military service and have been released on completion of assignment (including those whose assignment is due to be completed within one year from the last date of receipt of application) otherwise than by way of dismissal or discharge on account of misconduct or inefficiency or physical disability attributable to military service or invalidment||5 years|
|5.||Persons affected by 1984 riots||5 years|
BOI PGDBF PO 2023 Selection Procedure
Online Test => GD => Personal Interview
|Name of the Tests|
|1.||English Language||35||40||40 minutes|
|2.||Reasoning and Computer Aptitude||45||60||60 minutes|
|3.||General/ Economy/ Banking awareness||40||40||35 minutes|
|4.||Data Analysis & Interpretation||35||60||45 minutes|
|4.||English Descriptive paper (Letter Writing & Essay)||2||25||30 minutes|
- The above tests except the Test of English Language and English Descriptive paper will be available bilingually, i.e. English and Hindi.
- The test of English Language and English Descriptive Paper will be of qualifying nature i.e. Marks obtained in English Language and English Descriptive Paper will not be added while preparing merit List.
- Minimum qualifying marks will be 40% for General/ EWS category. Candidates belonging to the Category SC/ ST/ OBC/ PWD, filling in vacancies reserved for the relevant category, will be entitled to a relaxation of 5% marks in relation to that stipulated for General/EWS category candidates. Bank may at its discretion may change minimum qualifying marks.
- There will be penalty for wrong answers marked in the Objective Tests. For each question for which a wrong answer has been given by the candidate one fourth of the marks assigned to that question will be deducted as penalty to arrive at corrected score.
Bank will conduct the personal interviews of all the selected candidates. Total marks allotted for Interview will be 60. Minimum qualifying marks will be 40% for General/EWS category candidates and 35% for SC/ST/OBC/PWD category candidates.
Group Discussion will be conducted for the candidates selected through online test at some selected centres. Total marks allotted for Group Discussion will be 40. Minimum qualifying marks will be 40% for General/EWS category candidates and 35% for SC/ST/OBC/PWD category candidates.
Final selection of the candidates will be based on the marks obtained by the candidates in Online Examination, Personal Interview and Group discussion.
BOI PGDBF PO 2023 Pay Scale
|SCALE||SCALE OF PAY|
|Junior Management Grade Scale – I (JMGS I)||36000-1490/7-46430-1740/2-49910-1990/7-63840|
BOI PGDBF PO 2023 Admission for Post Graduate Diploma in Banking & Finance (PGDBF)
After final selection of the candidates as above, they to mandatorily pass the Diploma course (PGDBM) before getting inducted/ absorbed in the Bank.
The Fee for the above said PGDBF course of one year is Rs. 3,50,000/- + GST which can be made by the selected candidate as per the following schedule:
|1||On or before the commencement of the Training Program for respective Batch (Tentatively training programme will start in 1st week of April, 2023)||Rs.1,20,000/- (Indian Rupees 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/- (Indian Rupees One Lakh Twenty Thousand only) Plus GST|
|3||On or before the commencement of 3rd trimester for a particular Batch of the Training Program.||Rs.1,10,000/- (Indian Rupees 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, 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.
The selected candidates will have the option to pay the course fee from their own sources or by availing Education Loan from our Bank subject to eligibility.
If any discrepancy is found in the documents / credentials of the candidate after joining the course, the candidature of such candidate shall be cancelled and course fee paid by the candidate shall be forfeited. Also in case of such an eventually, if the candidate has availed Education Loan from the Bank towards payment of Course Fee, the same has to be repaid fully with up to date interest. If any candidate discontinues during the course period, the fees paid by the candidate is not refundable and loan if any availed for the same form the Bank, shall be fully repaid by the candidate with up to date interest along with other charges, if any.
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 course fee.
If the candidate wishes to avail loan for purchase of Laptop, Loan quantum for Laptop shall be limited to Rs.50,000/- or actual cost of the Laptop, whichever is lower over and above the education loan.
Reimbursement of Course Fee
After successful completion of 5 years' service in the Bank as a regular employee, Bank will reimburse the total course fee to the candidates. Candidates who have availed education loan towards payment of Course Fees, the loan amount will be reimbursed in the loan account which is subsequently lead to 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.
The course period of the above said PGDBF course would be one year and will be divided into four trimesters with assessment at the end of each trimester. Out of total four trimester, first three trimesters will be of on-campus and the last trimester will be on the job training at Bank's own Branches/Offices.
Emoluments/Stipend during the course period
During the first three trimesters i.e. Training period at institute, stipend of Rs.2500/- per month and during the last trimester, stipend of Rs.15,000/-per month will be paid to the candidate.