Bank of Baroda, a renowned Government of India enterprise, is inviting applications for the appointment of Business Correspondent (BC) Coordinators on a contract basis for the Jabalpur Region in Madhya Pradesh. This is a great opportunity for retired bank employees or young graduates looking to contribute to financial inclusion initiatives across various districts. Below are the detailed requirements, roles, and application process for these positions.
Vacancy Details
The available positions and the regions they will cover are as follows:
| S.No | Location | Regional Office | Districts Covered | State | Vacancies |
|---|---|---|---|---|---|
| 1 | Gadarwara | Jabalpur | Narsinghpur | Madhya Pradesh | 1 |
| 2 | Sidhi, Waidhan & Pidari | Jabalpur | Sidhi & Singrauli | Madhya Pradesh | 1 |
| 3 | Panna & VjSatna | Jabalpur | Panna & Satna | Madhya Pradesh | 1 |
| 4 | Khadda, Maihar & Satna | Jabalpur | Shahdol, Satna & Maihar | Madhya Pradesh | 1 |
Eligibility Criteria
For Retired Bank Employees
- Experience: Retired officers (including voluntarily retired) up to the rank of Chief Manager from any PSU bank, or retired clerks from Bank of Baroda with JAIIB qualification.
- Rural Banking Experience: At least 3 years of experience in rural banking.
- Age Limit: Maximum age for continuation is 65 years.
For Young Candidates
- Education: Minimum graduation with knowledge of MS Office, email, and internet. Higher qualifications like M.Sc. (IT), BE (IT), MCA, or MBA will be preferred.
- Age Limit: 21-45 years at the time of appointment, with a maximum continuation age of 65 years.
Geographical Preference
- Candidates should preferably be from the same district where they will be assigned. If not available, candidates from neighboring districts may be considered.
- Language Skills: Proficiency in reading and writing the local language and dialect is essential.
Contract Duration
- Initial Period: 36 months (subject to review every 12 months).
Roles and Responsibilities
BC Coordinators will play a vital role in monitoring and supporting the activities of Business Correspondents to ensure banking services reach every corner of their assigned areas. Key responsibilities include:
- Monitoring Activities: Regularly monitor BC operations to ensure service availability and adherence to guidelines.
- Community Engagement: Conduct meetings and financial literacy sessions to promote banking services and encourage community participation.
- Grievance Redressal: Address customer and BC grievances and report to the link branch and Regional Office.
- Operational Oversight: Ensure BCs are active during working hours, conduct no offline transactions, and adhere to the prescribed norms.
- Target Setting and Evaluation: Monitor the performance of BCs against monthly targets, and coordinate business development efforts in alignment with financial inclusion goals.
- Training and Development: Organize training programs for BCs to keep them updated with operational guidelines and technical skills.
Remuneration
BC Coordinators will receive a combination of fixed and variable components:
| Component | Amount (INR) |
|---|---|
| Fixed Component | 15,000 |
| Variable Component | Up to 10,000 |
The variable component will be determined based on the performance score of each BC agent.
Termination and Discontinuation
- Bank’s Right: The contract can be terminated by the bank with a 30-day notice, or instantly in case of misconduct.
- Employee’s Right: Coordinators can also terminate the contract by giving a 30-day notice.
Interview Process
- Eligible candidates will be shortlisted and invited for an interview.
Important Dates
- Application Deadline: November 6, 2024.
Important Links
Application Procedure
Candidates must submit hard copies of their application, including all relevant documents, to the Jabalpur Regional Office by November 6, 2024. The envelope should be marked “APPLICATION FOR THE POST OF BC CO-ORDINATORS ON CONTRACTUAL BASIS.”
Address for Submission: Regional Manager,
Bank of Baroda,
Regional Office, Jabalpur Region,
Plot No. 1170, 1st Floor, Shivmoola Tower,
Near Astha Medical, Wright Town,
Jabalpur-482002, Madhya Pradesh
This is a unique opportunity for experienced bank professionals and young graduates to contribute to banking services and financial inclusion. Apply now to be a part of Bank of Baroda’s mission to make banking accessible to all!
