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BOI Credit Officer 2024 Exam

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About BOI Credit Officer Exam

The Bank Of India recruitment 2023 for Credit Officer has all the details regarding the notification, exam dates, exam centre, vacancy and others. The BOI recruitment 2023 has an overall 500 vacancies (regular+contract basis) out of which 350 vacancies are for Credit Officers (JMGS-1).

BOI Credit Officer Exam Date

The Bank of India Exam Date 2023 has been announced for 19th March 2023. The candidates are advised to keep a check on the website to not miss out on any of the important updates-
Events Dates
Bank of India Recruitment Notification 2023 8th February 2023
BOI Apply Online Starts 11th February 2023
BOI Application ending date 25th February 2023
Bank of India Admit Card 2023 13th March 2023
Bank of India Exam Date 2023 19th March 2023
Bank of India Recruitment Result Date 2023  Notified soon

BOI Credit Officer Eligibility

The detailed Eligibility Criteria for both regular and contract basis job profiles are given below:

Designation Educational Qualification
Economist (MMGS-II) PhD Degree in Economics/Econometrics
Statistician (MMGS-II) Full-time PG Degree in Statistics/Applied Statistics
Risk Manager (SMGS-IV) Certification in Financial Risk Management from Global Associate of Risk (GARP) or CFA/PRIMA pr CA/ICWA or Master in Finance
Risk Manager (MMGS-III) Certification in Financial Risk Management from Global Associate of Risk (GARP) or CFA/PRIMA pr CA/ICWA
Credit Analyst (SMGS-IV) MBA in Finance/PGDM in Finance/CA/ICWA
Credit Officers (JMGS-I) Degree (Graduation) in any discipline along with MBA/PGDM/PGDM/PGBM/PGDBA or CA/ICWA/CS
Tech Appraisal (MMGS-II) Graduate or PG in Formation Technology/Computer Science/ Computer Application/Electronics and Communication/Electronics
IT Officer – Data Centre First Division (minimum 60% marks) in BE/B.Tech in CSE/ IT/ E&C Or First Division (minimum 60% marks) in MCA/M.Sc(IT) from recognized University/ Institute.

 Age Limit

The age limit for all posts under Bank of India Recruitment 2022 is discussed below:

Bank of India Officer’s Age Limit
Posts Age Limit
Economist (On Regular Basis) 28 -35 Years
Statistician (On Regular Basis) 28 – 35 Years
Risk Manager (On Regular Basis) 28 – 35 Years
Credit Analyst (On Regular Basis) 30 – 38 Years
Credit Officers (On Regular Basis) 20 – 30 Years
Technical (Appraisal) (On Regular Basis) 25 – 35 Years
IT Officer- Data Centre (On Regular Basis) 20 – 30 Years

BOI Credit Officer Vacancy

Bank of India (BOI) has announced 696 vacancies for Credit Officers and other posts. This recruitment is based on regular and contractual. Let’s have a look at the vacancy details for the Bank of India Recruitment 2022:

Bank of India Vacancy 2022- Regular Basis
Economist 02
Statistician 02
Risk Manager 02
Credit Analyst 53
Credit Officers 484
Tech Appraisal 09
IT Officer – Data Centre 42
Total 594
Bank of India Vacancy 2022- Contract Basis
Manager IT 21
Sr Manager IT 23
Manager IT (Data Centre) 06
Sr Manager IT (Data Centre) 06
Sr Manager IT(Network Security) 05
Senior Manager (Network Routing & Switching Specialists) 10
Manager (End Point Security) 03
Manager (Data Centre) – System Administrator Solaris/Unix 06
Manager (End Point Security) 03
Manager (Data Centre) – System Administrator Windows 03
Manager (Data Centre) – Cloud Virtualisation 03
Manager (Data Centre) – Storage & Backup Technologies 03
Manager (Data Centre – Network Virtualisation on SDN-Cisco ACI) 04
Manager (Database Expert) 05
Manager (Technology Architect) 02
Manager (Application Architect) 02
Total 102

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BOI Credit Officer Admit Card

The Bank of India will release the Admit Card for 2022 a few days before the commencement of the examination. The admit card will be released by the conducting authority (BOI) on its official website. Candidates can follow the below-mentioned steps to download the admit card for BOI Recruitment 2022. 

  • Step 1: Go to the official website of the Bank of India.
  • Step 2: Click on the “Admit card” link
  • Step 3: Enter the required details like Application Number and Password/DOB
  • Step 4: You can view the admit card
  • Step 5: Download and take a printout for future needs.

BOI Credit Officer Salary

The candidates are offered an average pay scale between INR 45,950 - INR 59,170 which varies as per the post they have applied for. Apart from the salary, the recruited candidates are offered the given perks and benefits. 

BOI Credit Officer Selection

The selection of the candidates for BOI Recruitment 2022 will be made on the basis of the two stages. 

  • Stage-1: OnlineTest
  • Stage-2: Personal Interview

Once a candidate clears the online written test successfully, an interview will be conducted. The marks you get from the online examination and Interview will be based on the merit list. The total marks for the Interview round are 100. The minimum qualifying percentage for the General/EWS category candidates is 40% and for SC/ST/OBC/PWD is 35%.

BOI Credit Officer Syllabus

The BOI Exam Syllabus will involve questions from the three sections mainly. But in addition to this, the General Knowledge of the candidates will also be tested. Here is the subject-wise syllabus for the BOI exam. 

Subject Important Topics
English Language
  • Article
  • Adverbs
  • Verb Agreement
  • Idioms and Phrases
  • Tenses
  • Error Corrections
  • Vocabulary
  • Comprehensions
  • Grammar
  • Sentence Arrangement
  • Grammar
  • Fill in the blanks
  • Synonyms
  • Unseen Passages
  • Error Correction
General Knowledge
  • Budget facts and five-year plans
  • Economy, Banking and Finance
  • History
  • Countries and Capitals
  • Culture
  • Geography
  • Knowledge about India and its neighborhood
  • Economy
  • Scientific Research
  • Important Financial and Economic News
  • General Politics
  • Sports
  • Countries and Capitals
  • Science and Innovations
  • Current Affairs
  • Marginal Costing
  • Social Accounting
  • Absolute Costing
  • Cost Volume Profit Analysis
  • Activity-based costing
  • Inventory Valuation
  • Cost Sheet and Work Capital
  • Target Costing
  • Transfer Pricing
  • Overview of Cost Accounting
  • Forecasting
Basic Accounting
  • Principles and Concepts of Accounting
  • Functioning of SEBI, RBI, and IRDA
Corporate Accounting
  • Insurance of shares
  • Divisible Profits and Bonus Issues
  • Dividend Distribution
  • Final Accounts
  • Underwriting
  • Valuation of Goodwill and Shares
  • Redemption of preference shares
  • Issues, Forfeitures and Re-issues of Shares
  • Accounting for Amalgamation Companies
  • Guidelines of SEBI
  • Issues and Redemption of Debentures
  • Acquisition of Business and Profit before Incorporation
Management Accounting
  • Ratio Analysis
  • Cash Flow Statement
  • Budget and Budgetary Control
  • Process Costing
  • Sources of Finance
  • Capital Structure
  • Analysis
  • Standard Costing and various Analysis
  • Capital Budgeting
  • Marginal Cost and Cost Volume Profit
  • Capital Structure
  • Cost of Capital
  • Fund Flow Statement
  • Sources of Finance
  • Job and Batch Costing
  • The Material, Labor Cost and Overhead Cost
  • Financial Statement Analysis
  • Sources of Finance
  • Process Costing
  • Contract Costing
  • Budgeting and Budgetary Control
Business Law
  • Provident Fund
  • Industrial Dispute Act
  • Labour Law
  • Factories Act
  • Negotiable Instruments
  • Gratuity Act
  • Company Law
  • Partnership Act
  • Contract Act
  • Micro and Macro Economics Concepts
  • Updates related to money market and RBI Policies
  • Money Market
  • Capital Market

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BOI Credit Officer Exam Pattern

Candidates should be aware of the exam pattern before attempting the examination. The exam pattern gives you a clear idea about the structure of the question paper. Applicants can check out the BOI Exam Pattern here. 

  • The BOI Online Exam will be conducted online.
  • All the questions are objective-type in nature.
  • There are a total of three sections in the exam.
  • The duration of the exam is 150 minutes (2.5 Hours).
  • There is a negative marking in the exam. 0.25 marks will be deducted for each wrong answer
  • The test is conducted in two languages English and Hindi.
  • The section of English Language will be of qualifying in nature i.e. marks obtained in the English Language will not be added while preparing the Merit List.

The BOI Exam Pattern is tabulated below:

Section Total Marks Duration
Professional Knowledge 75 150 Minutes
English Language 50
General Awareness 50
Total 175 150 Minutes (2.5 Hours)

BOI Credit Officer Cut off

The Bank of India will release the Cut Off Marks for 2022 on their official website after publishing the written test results. The cut-off marks depend upon several factors as mentioned below. 

  • The total number of candidates who appeared for the exam
  • The number of vacancies for different posts
  • Previous year’s Cut off marks
  • The difficulty level of the questions

Candidates can check out the expected cutoffs marks for the BOI exam as tabulated below:

Category Expected Cut-Offs
General 44.25
SC 31.75
ST 26.00
OBC 38.25

BOI Credit Officer How to Apply

The candidates have to fill their application forms on the official website of the Bank of India. The BOI Application Process is completely online. The candidates must check the eligibility criteria before applying for BOI Recruitment 2022. The steps to apply for BOI Recruitment 2022 are as follows. 

BOI Recruitment Registration Process
  • Step 1: Go to the official website of the Bank of India.
  • Step 2: Click on the “Careers” section.
  • Step 3: Click on the “Recruitment” link.
  • Step 4: Now click “Apply online”.
  • Step 5: Then select the “New Registration” link.
  • Step 6: Enter the necessary details like Name, Contact details, and Email ID.
  • Step 7: Candidates will get a unique Registration Number and Password via their Email ID

BOI Recruitment Application Process
  • Step 1: Candidates should log in with the required information to complete the application process.
  • Step 2: Now candidates should fill out the personal details, qualification details, and communication details.
  • Step 3: Applicants should choose their exam center correctly.
  • Step 4: After filling in all the details click on the “Final Submit”.
  • Step 5: Candidates must pay the required application fee on the basis of their category.
  • Step 6: Download your application form and fee receipt.
  • Step 7: Take a printout for future use.

Application Fees

Here is the application fee for BOI Recruitment 2022 for candidates from various categories:

Category Application Fee
General and Others INR 850 (Application Fee and Intimation Charges)
SC/ST/PWD INR 175 (Intimation Charges Only)

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Frequently Asked Questions (FAQ) BOI Credit Officer Exam

Q. What is the Syllabus of BOI Credit Officer Exam?
A. In this article Page, we have provided the latest syllabus of the BOI Credit Officer exam. The syllabus of BOI Credit Officer comprises the topics and sub-topics under sections, Knowledge of BOI Credit Officer syllabus helps candidates to focus on their preparation and important areas of each subject.
Q. What is pattern of BOI Credit Officer Exam?
A. In this article Page, we have provided the latest exam pattern of the BOI Credit Officer exam . The pattern of comprises the subject wise pattern and no. of questions will come in exam, go to our article section of exam pattern for more details.
Q. Which is the best Mock test series for the BOI Credit Officer Exam?
A. At Studyclap, candidates can practice a complete set of Mock Test Series, along with a free mock test designed by our well qualified and expert faculty Team.
Q. How to prepare for the BOI Credit Officer Exam?
A. To prepare for BOI Credit Officer exam, candidates should go through the exam syllabus and exam pattern, solve mock tests, practice previous years' question papers. Try to clear the concepts of each and every topic rather than cramming. Set a time to go over the chapters, Differentiate weak areas and work to improve them. Solve puzzles to improve logical skill.
Q. How to Download BOI Credit Officer Exam Syllabus PDF?
A. Candidates can download BOI Credit Officer exam syllabus PDF from our website for free. Candidates need to only register with us to download the exam syllabus.

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