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Bank of India Salary 2024 For Various Posts, Job Profile & Career Growth

Bank of India Salary 2024

Bank of India notified about the recruitment on its official website at www.bankofindia.co.in. It is a great opportunity to work in a public sector bank in such an attractive position. One of the factors in applying for this recruitment is the Lucrative Bank of India Salary 2024 package. Different scales have different basic pay or pay scales. But before applying candidates must ensure that they fulfil the eligibility criteria Candidates can get complete details regarding the Bank of India Salary 2024 in this post.

Bank of India Salary 2024, Pay Scale, Job Profile

The Bank of India Salary 2024 includes basic pay and various perks and emoluments. Bank of India offers an attractive package for their employees in different positions of MMGS II, MMGS III and SMGS IV. Along with the salary candidates must understand the job profiles for which they are applying. The online application window opened on 27 March 2024 and will remain open till 10 April 2024 (both dates inclusive). The recruitment process aims to recruit 143 candidates for various posts.

Bank of India Salary 2024: Overview

A glance at the Bank of India Salary 2024 is provided in the table below showing the important details.

Bank of India Salary 2024
Organisation Bank of India
Exam Name Bank of India Recruitment 2024
Post Various
Vacancies 143
Selection Process Online Examination & Interview
Basic Pay Different as per the post
Official Website www.bankofindia.co.in
Official WhatsApp Channel Join WhatsApp Channel
Official Telegram Channel Join Telegram Channel

Bank of India Pay Scale 2024

The Bank of India Pay Scale 2024 for the various Management Garde Scale is discussed in the table below

Bank of India Pay Scale 2024
Grade/Scale Existing Pay Scale Revised Pay Scale
Senior Management Grade Scale-IV (SMGS-IV) 76010 – 2220(4) – 84890 – 2500(2) – 89890 102300 – 2980(4) – 114220 – 3360(2) – 120940
Middle Management Grade Scale-III (MMGS-III) 63840 – 1990(5) – 73790 – 2220(2) – 78230 85920 – 2680(5) – 99320 – 2980(2) – 105280
Middle Management Grade Scale-II (MMGS-II) 48170 – 1740(1) – 49910 – 1990(10) – 69810 64820 – 2340(1) – 67160 – 2680(10) – 93960

Note: As per the 12th Bipartite Settlement or 9th Joint Note signed on 08 March 2024, the revised pay scale shall be provided.

Bank of India 2024 Security Deposit

Upon selection, candidates are required to deposit a specified amount as a security deposit, which will be refundable after 3 years of service. If an employee resigns within 3 years of service, the security deposit amount shall be forfeited. The Bank of India 2024 Security deposit amount is mentioned in the table below

Bank of India 2024 Security Deposit
Grade/Scale Security Deposit Amount
SMGS IV Rs. 3,00,000/-
MMGS III Rs. 3,00,000/-
MMGS II Rs. 2,00,000/-

Bank of India 2024 Job Profile

Understanding the Bank of India 2024 Job Profile is essential for the aspirants.

  1. Chief Economist Manager (SMGS-IV):
    • Conducts economic research and analysis.
    • Provides insights into market trends and policies.
    • Develops strategies based on economic forecasts.
  2. Chief IT – Database Administrator Manager (SMGS-IV):
    • Designs, implements, and maintains database systems.
    • Ensures data integrity, security, and performance.
    • Manages database access and permissions.
  3. Chief IT – Cloud Operations Manager (SMGS-IV):
    • Oversees cloud infrastructure deployment and management.
    • Develop cloud migration strategies.
    • Ensures cloud security and compliance.
  4. Chief IT – Network Manager (SMGS-IV):
    • Designs and maintains network infrastructure.
    • Ensures network security and performance.
    • Manages network access and permissions.
  5. Chief IT – System Manager (SMGS-IV):
    • Manages server and operating systems.
    • Ensures system availability and reliability.
    • Implements security measures and upgrades.
  6. Chief IT – Infra Manager (SMGS-IV):
    • Plans and manages IT infrastructure.
    • Ensures infrastructure availability and security.
    • Optimizes resource utilization and efficiency.
  7. Chief IT – Info. Security Manager (SMGS-IV):
    • Develops and implements security policies and controls.
    • Monitors and responds to security threats and incidents.
    • Provides security awareness training and guidance.
  8. Chief Marketing (Chief Wealth Manager) (SMGS-IV):
    • Develops and implements marketing strategies.
    • Identifies target market segments and customer needs.
    • Promotes wealth management services and products.
  9. Law Officer (MMGS-III):
    • Handles legal matters and ensures compliance with banking regulations.
    • Drafts and reviews contracts, agreements, and legal documents.
    • Provides legal advice on various banking transactions and disputes.
  10. Data Scientist (MMGS-III):
    • Analyzes large datasets to extract insights and inform business decisions.
    • Develops predictive models and algorithms to optimize banking operations.
    • Collaborates with stakeholders to identify data-driven solutions to business challenges.
  11. ML Ops Full Stack Developer (MMGS-III):
    • Develops and deploys machine learning models into production environments.
    • Designs and maintains scalable infrastructure for model training and deployment.
    • Implements continuous integration and deployment pipelines for ML workflows.
  12. Database Administrator (MMGS-III):
    • Manages and maintains the bank’s database systems.
    • Ensures data security, integrity, and availability.
    • Optimizes database performance and troubleshoots issues.
  13. Data Quality Developer (MMGS-III):
    • Designs and implements data quality frameworks and processes.
    • Monitors data integrity and implements data cleansing and validation procedures.
    • Collaborates with data stewards to ensure data accuracy and consistency.
  14. Data Governance Expert (MMGS-III):
    • Establishes data governance policies, standards, and procedures.
    • Defines data ownership, roles, and responsibilities within the organization.
    • Implements data governance frameworks to ensure compliance with regulations.
  15. Platform Engineering Expert (MMGS-III):
    • Designs and maintains the bank’s IT infrastructure and platforms.
    • Implements and manages cloud-based solutions for scalability and reliability.
    • Optimizes platform performance and ensures high availability.
  16. Linux Administrator (MMGS-III):
    • Manages Linux-based systems and servers in the bank’s IT environment.
    • Installs, configures, and maintains Linux operating systems and software.
    • Monitors system performance, troubleshoots issues, and applies patches and updates.
  17. Oracle Exadata Administrator (MMGS-III):
    • Administers and manages Oracle Exadata database systems.
    • Performs installation, configuration, and tuning of Exadata hardware and software.
    • Ensures high availability, scalability, and performance of Exadata environments.
  18. Senior Manager – IT (MMGS-III):
    • Oversees IT operations and strategies within the bank.
    • Coordinates with other departments to ensure alignment with IT objectives.
    • Manages IT budgets, resources, and projects.
  19. Senior Manager – Data Analyst (MMGS-III):
    • Leads data analysis initiatives to derive insights and support decision-making.
    • Designs and implements data analytics frameworks and methodologies.
    • Collaborates with business stakeholders to identify data-driven opportunities.
  20. Senior Manager – Database (MMGS-III):
    • Manages the bank’s database systems, ensuring reliability and performance.
    • Implements database security measures and backup strategies.
    • Guides database architecture and optimization.
  21. Senior Manager – Cloud Operations (MMGS-III):
    • Oversees the bank’s cloud infrastructure and operations.
    • Implements and manages cloud services to support business needs.
    • Ensures compliance with security and regulatory requirements in cloud environments.
  22. Senior Manager – Network Security/Operations (MMGS-III):
    • Manages network security measures to protect the bank’s IT assets.
    • Implements and monitors network security controls and protocols.
    • Oversees network operations and ensures uptime and performance.
  23. Senior Manager – System (Windows/Solaris/RHEL) (MMGS-III):
    • Manages server infrastructure across different operating systems.
    • Ensures system availability, performance, and security.
    • Implements system upgrades and patches as needed.
  24. Senior Manager – Infrastructure (MMGS-III):
    • Oversees the bank’s IT infrastructure, including hardware, software, and networks.
    • Develops infrastructure strategies and roadmaps to support business objectives.
    • Manages infrastructure projects and initiatives.
  25. Senior Manager – Endpoint Security (MMGS-III):
    • Implements and manages security measures for endpoint devices.
    • Ensures protection against malware, unauthorized access, and data breaches.
    • Guides endpoint security best practices.
  26. Senior Manager – Security Analyst (MMGS-III):
    • Analyzes security threats and vulnerabilities to identify risks.
    • Conducts security assessments and audits to ensure compliance.
    • Develops and implements security policies and procedures.
  27. Senior Manager – GRC (Risk & Control) (MMGS-III):
    • Manages governance, risk, and compliance activities within the IT department.
    • Implements risk management frameworks and controls.
    • Coordinates with internal and external auditors on compliance matters.
  28. Senior Manager – Fintech (MMGS-III):
    • Oversees the adoption and integration of fintech solutions within the bank.
    • Identifies and evaluates fintech opportunities to enhance banking services.
    • Manages partnerships with fintech vendors and startups.
  29. Senior Manager – Statistician (MMGS-III):
    • Leads statistical analysis projects to support business objectives.
    • Develops predictive models and algorithms for risk assessment and forecasting.
    • Provides statistical insights to guide strategic decision-making.
  30. Credit Officer (MMGS-II):
    • Evaluate the creditworthiness of loan applicants.
    • Analyzes financial statements and credit reports.
    • Determines loan terms and conditions based on risk assessment.
  31. Law Officer (MMGS-II):
    • Handles legal matters and ensures compliance with regulations.
    • Drafts and reviews contracts, agreements, and legal documents.
    • Provides legal advice on various banking transactions and disputes.
  32. Economist (MMGS-II):
    • Conducts economic research and analysis.
    • Provides insights into market trends and policies.
    • Develops strategies based on economic forecasts.
  33. Technical Analyst (MMGS-II):
    • Analyzes technical data and market trends.
    • Identifies trading opportunities and risks.
    • Provides technical analysis to support investment decisions.

 

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FAQs

What is the Bank of India Salary 2024?

The Bank of India Salary 2024 varies depending on the post.

Where can I get the detailed Bank of India Salary 2024?

Candidates can get the detailed Bank of India Salary 2024 in the given post.

Is there any security deposit in Bank of India 2024?

Yes, there is security deposit in Bank of India 2024 of Rs. 2,00,000/ Rs.3,00,000 as per the grade scale.

What are the job profiles of the posts in Bank of India 2024?

The job profiles of the posts in Bank of India 2024 are mentioned in the post.

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