Bank of Maharashtra (AFO) Salary


Bank of Maharashtra (AFO) Salary

Bank of Maharashtra is a leading public sector bank with its head office in Pune. It is one of the leading banks in the country and provides enough employment opportunities to job aspirants. All the bank employees receive an attractive salary along with other benefits. A Bank of Maharashtra Specialist Officer salary at the initial stage is Rs 42,000 that can go up to Rs 60,000 and above. Apart from the BOM Specialist Officer salary, he/she will also be entitled to receive the following benefits:

  • D.A
  • H.R.A / Lease rental
  • C.C.A
  • Medical
  • Miscellaneous

Agriculture Field Officer (Scale 1)
  • Pay Scale - Rs. 36000 – (1490/7) - 46430 – (1740/2) – 49910 –(1990/7)- 63840
  • In Hand Salary - Rs. 42,000/- to Rs. 45,000/- (Approx.)

Job Profile

A candidate who gets selected as a Scale I, Agriculture Field Officer (AFO) in the Bank of Maharashtra will have to be on a probation period of 2 years while also serving a minimum bond period which will be 3 years from the date of joining. As a Bank of Maharashtra AFO in Scale 1, you will be required to manage field operations and visit various locations. Some of the tasks and responsibilities of a Bank of Maharashtra AFO are as follows:

  • To take up surveying of villages in the command area of the bank branches
  • To set up credit camps in the villages & explain various schemes launched by the bank
  • Arranging camps for recovery & carrying out NPA accounts recovery
  • Educating and making the farmers aware of all the latest additions or innovations in the field of agriculture and guiding them in a way that they can enhance their income by adopting various practices
  • Helping information of farmers clubs

Apart from the above-mentioned tasks, an AFO has many other tasks and responsibilities mentioned below.

Bank of Maharashtra (AFO) Tasks and Responsibilities
To undertake survey of the villages in the command area of the allotted branches and identify the potential available for lending to Agriculture and allied activity sectors. To scout Agriculture proposals from the command area villages, identify the needy farmers, explain banks’ various credit products and obtain the loan application forms.
To arrange credit camps in the villages from the command area of the branch, explain banks’ various schemes of Agricultural lending, scrutinize the required papers / documents such as 8A, 7/12 extracts, mutation certificates etc. required for financing and help the farmers in filling up our Loan application forms. Carry out pre sanction field visits to the field & verify the details given in the application form.
To prepare pre sanction visit report, appraise the technical feasibility and economic viability of the proposal and submit the same to the Branch Manager along with specific recommendations. Assist the branch in execution of documents and disbursement of Agriculture loans. To carry out post sanction visit for verification of end use of the funds disbursed.
To guide the farmers on improved cultivation practices, new high yielding crop varieties, plant protection measures, land development, soil conservation, watershed development, effective use of scarce water resources by adopting appropriate crops and irrigation methods, rain water harvesting etc. Educate / guidance to farmers on adopting supplementary activities to enhance income like Dairy, Poultry, Piggery, Apiculture (Bee keeping) etc.
Explore feasibility for floriculture, horticulture, food processing activities and organize training to set up such activities on a viable basis through bank finance. Identify the additional credit requirements of the farmer and guide them suitably.
Maintain liaison with the state Government officials particularly with Agriculture / Horticulture / Animal Husbandry / Fishery and others related to Agriculture and allied activities to know the new activities coming up in the area, and propagate them in the villages. Further to maintain liaison with the Block and District authorities of various Government sponsored schemes for effective implementation.
To maintain liaison with Processing industries in the area and follow up for recovery from the sale proceeds such as Sugarcane, Cotton, milk and milk products etc. To collect market information of various Agriculture products and share the same with the farming community. To arrange recovery camps in the command area for recovery of dues.
To help the branch in formation and credit linkage of Self Help Groups and also formation of Farmers’ Clubs. Any other related work for the development of Agriculture, Agriculture lending and recovery. Preparation of agriculture credit plans for the assigned branches. Recovery in NPA accounts, arrangement of recovery camps etc. Submission of eligible crop insurance claims and Coordination with Lead District Manager in respect of implementation of SLBC guidelines.

Career Progression

Selected as a Bank of Maharashtra  SO (AFO) Scale 1, you will be exposed to basic banking knowledge. On joining,  you will be designated as “Specialist Officers” and will be on probation for one year. You will be subjected to continuous assessment during the probation period. If you qualify the assessment as determined by the Bank from time to time, will be confirmed in the service of the Bank. If you fail to achieve the minimum standard your services may be terminated. As a Bank of Maharashtra Specialist Officer in Scale 1, you will have immense opportunities for growth in your career. The attractive promotion policy of the Bank provides an opportunity to reach the Top Management Grade in a reasonably quick time.

Probation Period

Selected as a Bank of Maharashtra SO Scale 1 Officer, you will be on a probation period as mentioned below. You need to execute this service bond.

ScaleProbation PeriodBond
AmountMinimum Service Period
Scale I 24 Months 02.00 Lakh 3 Years

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Yes. If you get selected as an AFO in the Bank of Maharashtra, you will be on a probation period of 2 years while in Scale 1 and for 1 year while in Scale 2.
Yes, you will have to serve a minimum bond period of 3 years from the date of joining the bank.
On joining, the selected candidates will be designated as “Specialist Officers”.
If you are selected as a Scale 1 Specialist Officer in the Bank of Maharashtra, you will be entitled to receive a starting salary ranging from Rs. 42,000 to Rs. 63,000(approx).
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