Bank of India is one of India’s leading public sector banks and conducts recruitment drives every year to fill various vacancies in the bank. The Bank of India Recruitment Exam 2023 was released on 10 February 2023 for the position of Probationary Officer, offering excellent opportunities for young and dynamic individuals aspiring to build a banking career. BOI Exam was conducted on 19th March, 2023 for which results were released on 20th June.
Candidates can check the results below
LIST OF CANDIDATES (CREDIT OFFICERS) PROVISIONALLY SELECTED FOR ADMISSIONBank-of-India-2023-Credit-officers-result
LIST OF CANDIDATES (I.T. OFFICERS) PROVISIONALLY SELECTED FOR ADMISSIONBank-of-india-2023-IT-officers-result
On the official website, aspirants can submit their applications online. The three steps of the selection procedure are the written exam (also known as the IBPS Clerk Test), group discussion, & personal interview. A maximum of 500 positions for IT Officers in the Specialized Stream plus Credit Officers in the Financial Service Stream have been offered by the Bank of India. On February 10, 2023, the Bank of India released a hiring announcement for the position of probationary officer JMGS-I. The Bank of India PO Recruitment 2023 application deadline is February 25, 2023.
Under the Ministry of Finance, the Bank of India (BOI) is headquartered in Bandra Kurla Complex, Mumbai. Established in 1906, the government has owned it since nationalization in 1969. The Bank has over 5000 branches in India spread across all regions/union areas including special branches. The Bank came out with its first public issue in 1997.
Currently, the Bank has a foreign presence in 18 foreign nations spread across five continents – with 45 offices, including 4 Subsidiaries, 1 Representative Office, and 1 Joint Venture, at massive banking and financial entities in Tokyo, Singapore, Hong Kong, London, Paris, New York, and DIFC Dubai.
The recruitment process will involve a written examination, a group discussion, and an interview for selected candidates. The written examination may include objective-type questions on reasoning, quantitative aptitude, English language, and general awareness. Candidates interested in BOI recruitment can visit the bank’s official website or regularly check job portals for updates on job vacancies and application procedures.
|Name of exam||Conducting Body|
|Conducting body||Bank of India|
|Post||Probationary Officer -IT Officer and Credit Officers|
|Job Location||Across India|
|Payscale||INR 45,950 – 59, 170/-|
|Application fees||Exam Level|
The notification will provide all the essential information required for aspirants applying for the Bank of India recruitment for the post of probationary officer. The notification will help aspirants understand the recruitment process and prepare for the exam.Bank-of-India-Recruitment-2023
The preceding table lists crucial events for the Bank Of India Recruitment 2023.
|Bank Of India Recruitment 2023 Short Notice||08th February 2023|
|Bank Of India Recruitment 2023 Notification PDF||10th February 2023|
|Bank Of India Recruitment 2023 Apply Online Start Date||11th February 2023|
|Last Day to Apply Online||25th February 2023|
|Bank of India Admit Card 2023||13th March 2023|
|Bank of India Exam Date 2023||19th March 2023|
|Bank of India Recruitment Result 2023||20th June 2023|
The detailed Bank of India PO recruitment notification 2023 and available vacancies have been released. You may view the Bank Of India Recruitment 2023 Vacancy information here.
|Credit Officer in General Banking stream||350|
|IT Officer in Specialist stream||150|
For the position of Probationary Officer, the Bank of India has encouraged qualified applicants to send their online applications. The application period for the Bank of India Recruitment 2023 began on February 11 and will continue till February 25. Before being considered for the position, candidates need to complete the registration process.
Three steps make up the BOI Recruiting application procedure: enrollment, request completion, & payment of fees. Here are some general steps that can help you fill out the BOI Recruitment Application Form:
Note: It is advisable to keep a copy of the application form, fee receipt, and other relevant documents for future reference. Additionally, candidates should carefully read the instructions and guidelines in the recruitment notification and application form to ensure their application is submitted successfully.
Only online applications will be accepted; the authorities will accept no other application methods. Moreover, the online application process of the Bank of India Officers will consist of three stages: Application Registration, Payment of Fees, and Loading of documents.
Before applying for the Bank Of India Recruitment 2023, an applicant must meet the eligibility requirements. Applicants can review the academic requirements and age restrictions for JMGS-I probation officers (credit officers & IT officers) beneath. Keep checking the website for updates.
|Credit Officers (JMGS-I)||Bachelor’s Degree in any discipline from a recognized University or equivalent|
|IT Officers||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 & Telecommunication/ Electronics & Communication/ Electronics & Instrumentation/ Computer Science/ Information Technology/ Computer Applications
c) A Graduate degree in any discipline AND having passed DOEACC ‘B’ level
The minimum age limit for most BOI recruitment is 20 years and the maximum age limit is usually 30 years. However, age relaxation is provided for candidates in certain categories per government rules.
The reserved classification of age relaxation is shown in the chart below:
|Persons affected by the 1984 riots||5 years|
|Ex-Servicemen as well as Commissioned Officers, notably Emergency Commissioned Officers (ECOs) as well as Short Service Commissioned Officers, who’ve already provided a minimum of 5 years of term and who have been discharged after the deployment is complete||5 years|
The admit card for BOI Recruitment is usually released a few weeks before the scheduled exam date. By submitting their enrollment number & password on the bank’s authorized portal, aspirants may get their Bank of India admit card. Carrying the Bank of India Admit Card to the exam center is mandatory as proof of identity and allows entry into the exam hall.
Obtain your Bank of India admit card through the following below-mentioned procedure:
|English language||Article,Verb Agreement, Idioms and Phrases, Tenses, Unseen Passages, Error Corrections, Vocabulary, Adverbs, Grammar, Sentence Arrangement, Fill in the blanks, Synonyms, Comprehensions, Error Correction|
|Accounting||Marginal Costing, Social Accounting, Absolute Costing, Overview of Cost Accounting, Activity-based Costing, Inventory Valuation, Cost Volume Profit Analysis, Cost Sheet and Work Capital, Target Costing, Transfer Pricing, Forecasting|
|General knowledge||Budget facts and five-year plans, History, Countries and Capitals, Sports, CultureGeneral Politics, Current Affairs, Science and Innovations, Economy, Banking and Finance|
|Corporate Accounting||Insurance of shares, Divisible Profits and Bonus Issues, Dividend Distribution, Guidelines of SEBI, Valuation of Goodwill and Shares, Redemption of preference shares, Issues, Forfeitures and Re-issues of Shares, Final Accounts, Accounting for Amalgamation Companies, Underwriting Issues and Redemption of Debentures|
|Business law||Provident Fund, Industrial Dispute Act, Negotiable Instruments, Labour Law, Factories Act, Partnership Act, Gratuity Act, Company Law, Contract Act|
|Management Accounting||Ratio Analysis, Cash Flow Statement, Budget and Budgetary, Control Process Costing, Sources of Finance, Capital Structure, Analysis Standard Costing and various Analysis, Cost of Capital, Capital Budgeting, Marginal Cost and Cost Volume Profit, Material, Labor Cost and Overhead Cost, Contract Costing, Sources of Finance|
|Economics||Micro and Macro Economics, Money Market, Information related to money market and RBI Policies, Capital Market|
The selection process for Bank of India (BOI) PO Recruitment generally consists of three stages:
Online Exam: The first stage of the selection process is an online exam that consists of multiple-choice questions. The exam generally covers Reasoning Ability, Quantitative Aptitude, English Language, General Awareness, and Computer Knowledge.
Group Discussion (GD) and Personal Interview (PI): Candidates who qualify in the online exam are called for the next stage, the GD and PI. In the GD, candidates are given a topic to discuss and are evaluated on their ability to communicate effectively and present their ideas. In the PI, candidates are evaluated on their personality, communication skills, and overall suitability for the job.
Final Selection: The final selection is based on the candidate’s performance in the online exam, GD, and PI. The selected candidates are offered the position of Probationary Officer at the Bank of India.
The table below covers the Bank Of India Recruitment 2023 Examination Pattern.
|Section||No. of Questions||Maximum Marks||Time Duration|
|English language||35||40||40 minutes|
|Reasoning and Computer Aptitude||45||60||60 minutes|
|General/ Economy/ Banking Awareness||40||40||35 minutes|
|Data Analysis & Interpretation||35||60||45 minutes|
Every step of the hiring procedure would be accompanied by a disclosure of the Bank of India Results from BOI. The official website would publish the results on its official webpage. By entering your login information and password, applicants can see their results.
The following are the details about the BOI result:
The salary of Bank of India (BOI) Probationary Officers (PO) may vary depending on the location and other factors. The starting basic pay for a BOI PO may range from Rs. 23,700 to Rs. 42,020 per month. In addition to the basic pay, the PO may be eligible for various allowances such as Dearness Allowance (DA), House Rent Allowance (HRA), Medical Allowance, etc.
The salary and allowances may be revised occasionally as per the bank’s policies and government regulations.
Check Out Other Banking Exams :
The selection process for Bank of India Recruitment typically involves an online exam, a Group Discussion and/or Personal Interview and document verification. The final selection is based on the candidate’s performance in these stages.
The last date to apply for Bank of India recruitment 2023 is 25th February 2023.
The application process for the Bank of India exam typically involves filling out an online application form on the bank’s official website, uploading required documents, and paying the application fee. The official recruitment notification provides detailed instructions and guidelines for the application process.
The age limit for Bank of India recruitment varies depending on the position and category of the candidate. Generally, the minimum age limit is 18 years and the maximum is 30-35 years. However, the official notification mentions the specific age criteria for each recruitment notification.