In this article, we have shared all the details related to the Bank of Maharashtra salary structure, and job profile for your reference. The aspirants must check the Bank of Maharashtra Salary 2023 before applying for the exam. As per the latest official updates, the official notification for the Bank of Maharashtra Generalist Officer was released for the different posts and its salary structure.
Read the section below to know the Bank of Maharashtra scale 2, 3, 4 and 5 salaries 2023.
Bank of Maharashtra Salary: Important Highlights
The salary is an important criterion for the Bank of Maharashtra recruitment process. Aspiring applicants should be familiar with the basic compensation, benefits, and job description of the position they are applying for. The pay for employees varies depending on their role, and they are originally hired for a six-month probationary period. Candidates will also need to pay a bond sum upon selection.
Bank of Maharashtra Salary: Scale 2, 3, 4 & 5 Pay Structure
The pay scale for Bank of Maharashtra recruitment is tabulated as follows.
Scale Range | Official Pay Scale |
Scale 2 | Rs. 48170-1740/1-49910-1990/10-69810 |
Scale 3 | Rs. 63840-1990/5-73790-2220/2-78230 |
Scale 4 | Rs. 76010-2220/4-84890-2500/2-89890 |
Sacle 5 | Rs. 89890-2500/2-94890-2730/2-100350 |
BOM Salary Scale 2, 3, 4 & 5: Allowances
In addition to the basic pay, the employees of the Bank of Maharashtra also get other allowances. It includes:
- HRA
- DA
- Medical Allowances
- Lease Rental
- CCA
- Pension and other allowances
Bank of Maharashtra Salary: Bond Amount and Probation Period
Candidates hired as employees for Scale 2, 3, 4, and 5 will undergo a 6-month probationary term. They must provide a bond in the amount of INR. 2 lakhs and must serve for a minimum of 2 years of their employment. The probationary time and bond amount are summarised in the table below.
Scale | Probation Period | Minimum Service Period | Bond Amount |
Scale 2 | 6 Months | 2 Years | INR 2 Lakhs |
Scale 3 | |||
Scale 4 | |||
Scale 5 |
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Bank of Maharashtra Salary 2023 Scale 2, 3, 4, 5: Job Profile
The employees of the Bank of Maharashtra have to perform their roles and responsibilities properly to get future promotions and other career opportunities. The job description for the aspirants chosen for the Bank Of Maharashtra is provided here.
Forex or Treasury Officer:
- Responsible for trade forex finance
- Follow several RBI guidelines, FEDAI rules, and more
Generalist Officer:
- Look after the branch whole day working process
- Maintain public relation
- Look after the cash management process
Chief Manager
- Look after the coordination among the team members and the department
- Give strategic inputs to improve the work, economic development and annual Bank report
- Create a plan for product development and enhancement for both new and existing items.
- Uphold the safety, efficacy, and security of the technology.
Management Information System – AGM
- They oversee and administer the MIS Reports created for senior management and different user departments.
- They create and put into practice MIS policies in order to preserve confidentiality and integrity.
Board Secretary and Corporate Governance – AGM
- The Board Secretary is required to provide all pertinent data to the board members in the form of agendas and reports.
- Annually, convene the shareholders’ general meetings.
- Knowledge of SEBI and LODR-related concerns is required.
Bank of Maharashtra – Career Growth
In the Bank of Maharashtra, employees can advance their careers in positive ways and reach the highest levels. Candidates’ work is meticulously observed, and those who carry out their duties with honesty and determination have an advantage in promotions. Internal promotional exams are held on scales 2, 3, and 4 at regular intervals to allow applicants to advance up the hierarchy.
We believe our readers who are preparing for the next recruitment exam found this post on the Bank of Maharashtra Salary and Job Profile to be useful. Download BYJU’S – The Learning App to have access to practice examinations, classes that are interactive, and questions that will help you prepare for future bank exams.