Post Name and Vacancies for Central Bank of India Recruitment 2023:

The Central Bank of India is inviting applications for the Engagement of Business Correspondent Supervisor (BC Supervisor) on a contract basis for the year 2023-2024. There are total 2 Vanacies available in this recruitment drive.

Eligibility Criteria for Central Bank of India Recruitment 2023:

As per Central Bank of India Recruitment 2023, the eligibility criteria for the position of Business Correspondent (BC) Supervisor have been laid out in detail by the organization. For retired bank employees, officers of any bank (PSU/RRB/Private Banks/Cooperative Banks) up to the rank of Senior Manager or equivalent can be appointed. Retired clerks of the Central Bank of India with a good track record and who have passed JAIIB can also apply. All applicants should have at least 3 years of rural banking experience, and the maximum age for entry is 64 years, with the maximum age for the continuation of BC supervisors being 65 years.

For young candidates, a minimum qualification of graduation with computer knowledge (MS Office, email, internet, etc.) is required. However, candidates with higher qualifications such as M. Sc. (IT)/BE (IT)/MCA/MBA will be given preference. The age range for young candidates is between 21-45 years at the time of appointment, with the maximum age for the continuation of BC supervisors being 60 years. These eligibility criteria ensure that the candidates selected have the requisite experience and skills needed for the job.

Salary for Central Bank of India Recruitment 2023:

As per Central Bank of India Recruitment 2023, the salary structure for BC Supervisors comprises both fixed and variable components. The variable component of the commission will be determined based on the score secured by each BC Agent on various parameters. The slab given in Annexure II will be used to determine the variable component. The number of BC Agents allotted to a BC Supervisor will determine the category in which they fall. Category A BC Supervisors will have a minimum of 25 BC Agents, while Category B BC Supervisors will have a minimum of 20 BC Agents.

The remuneration will be paid based on the category in which the BC Supervisor falls, at the discretion of the bank. Category A BC Supervisors will be paid a fixed component of Rs. 15,000 and a variable component of Rs. 10,000, while Category B BC Supervisors will receive a fixed component of Rs. 12,000 and a variable component of Rs. 8,000. Additionally, each BC Supervisor will receive a fixed conveyance allowance of Rs. 4,000 per month for Category A and Rs. 3,000 per month for Category B, along with Rs. 500 per month towards mobile/internet charges. BC Supervisors can avail of a maximum of 3 days leave during the month and 30 days in a year.

Term and Condition of Engagment for Central Bank of India REcruitment 2023:

As per Central Bank of India Recruitment 2023, the hiring process for BC (Business Correspondent) Supervisors is a critical step towards ensuring effective financial inclusion in rural areas. Here are some important details regarding the selection of candidates for this role:

Geographical Location:

The candidates for the BC Supervisor position should be selected from the same district where they will be assigned to the function. If suitable candidates are not available in the same district, the candidates may be selected from the adjoining districts. Candidates should be proficient in the local language and dialect, both reading and writing. Under no circumstances, candidates will be selected from other states. They should also have accommodation near the nodal branch and not outside the district for which selection is to be made.

Due Diligence:

At the time of appointment, due diligence including KYC & CIBIL reports should be followed. Candidates who have an adverse record or have been terminated/dismissed from past service should not be considered. Police verification must be arranged and conducted in respect of each selected applicant before the assignment of duty.

Selection Process:

The selection process for BC Supervisors will be through an interview process.

Period of Contract:

The contract for BC Supervisors will be initially for a period of 12 months, subject to a satisfactory annual performance review.

Assignment of BC Agents/Conflict of Interest:

The number of BC Supervisors required in the region will be based on the number of BC points identified and the number of BCA (Business Correspondent Agents) activated or to be activated as per requirements from time to time. The number of BCs mapped to the supervisors can be increased or decreased in case of exigencies as per requirement from time to time. It should be ensured that BC agents assigned to a supervisor should not be related to the supervisor as a family member, blood relation, close relative, or having any business relations.

Review of Performance:

BC Supervisors will report directly to the Branch Manager-link Branch and Chief Manager/Officer in charge of Financial Inclusion at Regional Offices. The Regional Head will review the performance of BC Supervisors on a monthly basis. The Chief Manager/Officer in charge of Financial Inclusion at Regional Offices shall place a review/renewal proposal before the Regional Head on an annual basis, immediately after completion of one year from the date of appointment, duly recommending for continuation/termination of their services based on their performance of the previous annual year. Regional Heads will recommend to Zonal Heads for review/renewal/termination of the contract of BC Supervisors on or before completion of every year. The renewal of the BC Supervisors’ contract will be based on their average performance analyzed through monthly Scoring Matrix as per Annexure-2.

Termination of Services:

Either party can initiate termination of the contract by giving 30 days’ notice. However, in case of non-satisfactory conduct & performance, misbehavior, indulgence in any misappropriation, or frauds, the bank reserves the right to terminate the contract instantly without any prior notice. The bank also reserves the right to reduce the tenure of the contract or prematurely terminate the contract with one month’s notice

How to Apply for Central Bank of India Recruitment 2023:

To apply for the post of BC Supervisor on a contract basis for FY-2023-24, eligible candidates are required to submit their applications in the given format (Annexure-3). The last date for receipt of applications is 08.04.2023, and no applications will be accepted beyond the stipulated date. Incomplete applications will be rejected.

As per Central Bank of India Recruitment 2023, the application should be addressed to the Regional Head of Central Bank of India, Regional Office, 1st floor, Bombay Market, G.E. Road, Raipur-492001(C.G.), and superscribed with “Application for the post of BC Supervisor on contract basis for FY-2023-24.”