Bank of India Recruitment 2024: Rs. 1.7 Lakh Monthly Salary, Here's Everything You Need to Know

The Bank of India (BOI) is inviting applications for the coveted position of Internal Ombudsman (IO) on a contractual basis. Based in Mumbai, this role offers a unique chance for experienced banking professionals to contribute to the bank's regulatory framework and customer grievance redressal mechanism.

Bank of India Recruitment 2024

Position Overview

  • Role: Internal Ombudsman
  • Location: Mumbai
  • Tenure: 3 years (Non-renewable)
  • Application Deadline: December 31, 2024

The selected candidate will play a critical role in ensuring fair treatment for customers by independently reviewing and resolving complaints that have not been addressed satisfactorily.

Eligibility Criteria

To qualify, candidates must meet the following requirements:

Age:

  • Maximum 67 years at the time of application, ensuring they do not exceed 70 years at the end of the tenure.

Experience:

  • Must have held a General Manager-level position or equivalent in banks, regulatory bodies, NBFCs, CICs, or similar institutions (excluding Bank of India).
  • At least 7 years of experience in fields such as banking, finance, supervision, consumer protection, or payment systems.

Application Process

Interested candidates can apply through the following steps:

  • Visit the BOI Website: Navigate to the "Career" section to download the application form.

Submission Methods:

  • Typed applications must be placed in a sealed envelope labeled "Application for the post of Internal Ombudsman (IO) on contractual basis in Bank of India."
  • Send the envelope via Registered Post, Speed Post, or Courier to the designated address.
  • Alternatively, applications can be submitted via the provided email address (details available on the BOI website).

Salary Details

The salary for the Internal Ombudsman role at Bank of India (BOI) is a competitive Rs. 1.7 lakh per month, post-tax deductions.

Selection Procedure

The selection process includes:

  • Shortlisting: Based on eligibility and experience.
  • Personal Interview: Final selection is determined by interview performance.

Contract Terms

  • The tenure is strictly limited to three years with no extensions or reappointments.
  • Either party may terminate the contract with a three-month notice.

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