BOI Officer Salary & Job Profile – In-hand Salary, Allowances

Bank of India, a leading Public Sector Bank has released the notification for the Recruitment of 214 Officers. Online Application of BOI will start from 16 September 2020. Interested candidates can apply for the same by visiting BOI official website and selecting BOI CAREERS to view details. A total of 214 vacancies have been released for various scales, In this page get detailed information about the BOI Officer Salary & Job Profile for BOI Officers.

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CLICK HERE FOR BOI OFFICER RECRUITMENT 2020 NOTIFICATION

BOI Officer Salary – Basic Pay & Payscale

PAY SCALE -: Basic pay as below and other allowances and perquisites as applicable:

Present Scale of Basic Pay (in Rs.) –

SCALE SCALE OF PAY
Junior Management Grade Scale – I (JMGS I) 23700-980/7-30560-1145/2-32850-1310/7-42020
Middle Management Grade Scale-II(MMGS II) 31705-1145/1- 32850-1310/10-45950
Middle Management Grade Scale –III(MMGS III 42020-1310/5- 48570-1460/2-51490
Senior Management Grade Scale –IV(SMGS IV) 50030-1460/4- 55870-1650/2-59170

BOI OFFICER SALARY – Post-wise Job Profile details

  • IT SPECIALIST OFFICER

Job profile and responsibilities of an IT Specialist Officer is to oversee the technological perspectives of Banking operations, whether it be on the software end or the hardware end. This relates to effectively using Banking Softwares like Finacle, FLEXCUBE, BanCS, SAP etc. 

  • CREDIT OFFICER

Credit Officer job Profile and responsibilities include preparing loan applications for bank customers, evaluating customers financial information and calculating risk ratios. 

  • RISK MANAGER

 Risk managers advise the bank on any potential risks to the profitability or existence of the bank. They identify and assess threats, put plans in place for if things go wrong and decide how to avoid, reduce or transfer risk.

  • ECONOMIST

Economists study the production and distribution of resources, goods, and services by collecting and analyzing data, researching trends, and evaluating economic issues.

  • STATISTICIAN

A statistician job profile includes collation, evaluation, interpretation and presentation of quantitative data. Statisticians provide insights, recommendations, and advice on policy and strategy to internal or external bank customers.

BOI OFFICER RECRUITMENT 2020 EXAM PATTERN

  • ONLINE TEST

Sr.No Name of Test Maximum marks Duration
1 English Language 50 Composite Time of 150 minutes
2 Professional Knowledge 75
3 General Awareness with special reference to Banking Industry 50

CLICK HERE TO GET FREE MOCK TEST AND PDF

  • INTERVIEW 

Merit list of the candidates based on the marks obtained by them in online examination (marks obtained in General Awareness with special reference to Banking Industry and Professional Knowledge paper) will be prepared in descending order for the respective categories i.e. SC/ST/OBC/EWS/GEN. Candidates securing the minimum qualifying marks stipulated for Online Tests and ranking sufficiently high in the order of merit shall be called for Personal interview and/or GD. Mere passing in the Online Test shall not vest any right to a candidate for being called for Personal Interview/GD. In case of equal marks by two or more candidates, the merit order of such group of candidates will be on the basis of Date of Birth i.e. Candidate’s senior in age will be placed higher in the merit list.

BOI Officer Exam Syllabus – full list of topics

For detailed information, you can refer to the official notification – click here

To read about the steps to fill the online application – click here

FREQUENTLY ASKED QUESTIONS – BOI OFFICER SALARY & JOB PROFILE

Q1. What is the number of posts for the BOI Recruitment Notification 2020?

Ans. BOI Recruitment Notification 2020 is for 214 Officers to be recruited for various scales.

Q2. When was the BOI Recruitment Notification for Officers Released?

Ans. The BOI Officers Recruitment Notification 2020  released on 1 September 2020.

Q3. From where I can apply for BOI Recruitment 2020?

Ans. You can apply for BOI Officer Recruitment 2020 on bankofindia.co.in official website.

Q4. When is the last Day to apply for BOI Officer recruitment 2020?

Ans. Last day to apply for BOI Officer recruitment is 30 September 2020.

Q5. What is the In-hand monthly BOI OFFICER Salary?

Ans. 34000/- is the revised basic pay of Bank PO plus other facilities and increments are all part of the monthly BOI Officer Salary.

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