Bank of Baroda, a leading Government of India Enterprise, has announced a recruitment drive for the position of Financial Literacy Counsellor (FLC) on a contractual basis at the Financial Literacy & Credit Counselling Centre in Nadiad, Kheda District, Gujarat. This is an excellent opportunity for experienced professionals in banking and related fields to contribute to financial education and empowerment. Read on for detailed eligibility criteria, application process, and key responsibilities.
Overview of the Recruitment
The Bank of Baroda is seeking one Financial Literacy Counsellor for its Nadiad centre. Below is a summary of the vacancy details:
| Sr. No. | Name of FLC | Regional Office | State | Number of Vacancies |
|---|---|---|---|---|
| 1 | Nadiad | Kheda | Gujarat | 1 |
Eligibility Criteria
Qualification: Candidates must hold a graduate degree from a recognized university. Preference will be given to those with postgraduate degrees in Agriculture, Veterinary Science, Sociology, Psychology, or Social Work. Candidates should be fluent in the local language, have a flair for teaching, and possess basic computer knowledge.
Experience: Applicants should meet one of the following experience criteria:
- Ex-bankers (Officer cadre) with at least 5 years of experience in a Nationalized Bank, Regional Rural Bank (RRB), or Private Bank.
- Business Correspondent/BC Coordinator with a minimum of 5 years of experience.
- Ex-RSETI Director with at least 3 years of experience or Faculty with 5 years of experience.
- Persons with a minimum of 5 years of experience in banking, related fields, NBFCs, or Financial Institutions.
Age Limit: The maximum age at the time of application should not exceed 64 years, subject to good health.
Residency: Candidates should preferably be residents of Kheda District, Gujarat.
Remuneration and Allowances
Monthly Remuneration: The selected candidate will receive a consolidated monthly remuneration of Rs. 18,000, plus up to Rs. 5,000 for conveyance expenses (total Rs. 23,000). Conveyance reimbursement depends on the number of camps conducted:
- Rs. 3,000 for less than 10 camps per month.
- Rs. 5,000 for 10 or more camps per month.
Halting/Travelling Allowance:
- Rs. 300 for more than 8 hours without night stay.
- Rs. 600 with night stay.
- Travel expenses for training programs outside the headquarters will align with the eligibility criteria for a JMG/S-1 officer.
Key Responsibilities
The Financial Literacy Counsellor will be responsible for managing the Nadiad FLC and adhering to RBI guidelines. Key duties include:
- Providing free financial counseling and debt management services, except to willful defaulters.
- Conducting financial literacy camps on digital banking and government schemes like PMJDY, APY, PMSBY, and PMJBY.
- Maintaining an arm’s length relationship with the bank and not promoting bank products.
- Organizing gram sabhas and awareness camps in rural areas.
- Submitting quarterly visit schedules and monthly visit diaries to the Lead District Manager (LDM).
- Assisting distressed borrowers and ensuring no miss-selling of financial products.
Application Process
How to Apply: Interested candidates must submit offline applications in the prescribed format, available from the Lead Bank Department at the following address:
Regional Manager, Bank of Baroda, Regional Office, Kheda, 2nd Floor, The Emperor Complex, Opposite Hotel Blue Berry & Kokharan Hanumanji Temple, Uttarsanda Road, Nadiad, Distt.: Kheda, Gujarat - 387001
Application Deadline: The last date for submission is 16th May 2025.
Selection Process: Shortlisted candidates will be interviewed by a panel comprising the Bank’s LDM, DDM of NABARD, an SC/ST representative, and the Regional Manager. The Zonal Head will make the final selection decision.
Terms of Appointment
Contract Duration: The engagement is for one year, with the possibility of renewal based on performance and approval from the Zonal Office.
Termination: Either party can terminate the contract with notice—3 months from the counsellor and 1 month from the bank.
Application Form Details
The application form requires the following details:
- Personal details: Name, address, date of birth, contact details, gender, nationality, religion, marital status, and category.
- Educational qualifications: Details of graduation, post-graduation, professional qualifications, and computer knowledge.
- Experience: Details of past and present employment, including bank experience, rural development, or faculty roles.
- References: Names and addresses of two references.
- Declaration: A signed statement confirming the accuracy of provided information.