Bank of Maharashtra Specialist Officer Recruitment 2026
Apply Online for Specialist Officer (Economist) Phase I Vacancies
1. Critical Recruitment Overview
Bank of Maharashtra, a leading Public Sector Bank, has released Recruitment Notification AX1/ST/RP/Specialist Officer/Phase I/2026-27. The Bank is actively seeking self-motivated professionals to join its Economic Cell at the Corporate Office in Pune or Mumbai.
The recruitment drive aims to fill 04 highly specialized vacancies: Chief Economist (Contractual), Chief Manager Economist (Scale IV - Permanent), and Senior Manager Economist (Scale III - Permanent). All positions are strictly unreserved (UR). The online registration and fee payment window is operational from 23 June 2026 to 10 July 2026. Candidates must possess a Post Graduation Degree in Economics alongside robust banking, financial, or academic teaching experience.
2. Important Dates & Timelines
Candidates must ensure they complete the online registration within the given window. Late applications will not be entertained.
| Bank of Maharashtra Recruitment Schedule 2026 | |
|---|---|
| Date of Notification: | 23 June 2026 |
| Opening Date for Online Application: | 23 June 2026 |
| Last Date for Submission of Application & Fee: | 10 July 2026 |
| Crucial Date for Determining Eligibility (Cut-Off Date): | 30 June 2026 |
3. Post-Wise Vacancy & Pay Scale Details
All advertised vacancies fall under the Unreserved (UR) category. The selected candidates will be posted at the Corporate Office in Pune or Mumbai.
| Sr. No. | Name of the Post | Employment Type | Vacancies | Pay Scale / Remuneration |
|---|---|---|---|---|
| 1 | Chief Economist | Contractual (Initial 3 Yrs) | 01 (UR) | Negotiable Annual CTC based on experience and current emoluments. |
| 2 | Chief Manager - Economist | Permanent (Scale IV) | 01 (UR) | Scale IV: 102300-2980/4-114220-3360/2-120940 + Allowances |
| 3 | Senior Manager - Economist | Permanent (Scale III) | 02 (UR) | Scale III: 85920-2680/5-99320-2980/2-105280 + Allowances |
| Grand Total Openings | 04 Vacancies | |||
4. Age Limit & Essential Qualifications
Eligibility parameters including age, qualification, and work experience are strictly calculated as of the cut-off date: 30 June 2026.
1. Chief Economist (Contractual)
- Age Limit: Maximum 55 years.
- Qualification: Post Graduation Degree in Economics (preferably with specialization in Monetary/Financial Economics/Econometrics). Doctorate Degree is desirable.
- Experience: Minimum 12 years of experience as an Economist in a Commercial Bank/Financial Institution/Rating Agency OR 12 years of teaching experience as Lecturer/Professor in Economics, or a combination of both.
2. Chief Manager - Economist (Scale IV)
- Age Limit: Maximum 40 years.
- Qualification: Post Graduation Degree in Economics. Doctorate Degree is desirable.
- Experience: Minimum 5 years of experience as an Economist OR 5 years of teaching experience as Lecturer/Professor in Economics, or a combination of both.
3. Senior Manager - Economist (Scale III)
- Age Limit: Minimum 25 Years & Maximum 38 Years.
- Qualification: Post Graduation Degree in Economics. Doctorate Degree is desirable.
- Experience: Minimum 3 years of experience as an Economist OR 3 years of teaching experience as Lecturer/Professor in Economics, or a combination of both.
5. Application Fee Details
The application fee is non-refundable and must be paid online. It includes an 18% GST component.
| Category | Application Fee | GST (18%) | Total Amount Payable |
|---|---|---|---|
| UR / EWS / OBC | ₹ 1000/- | ₹ 180/- | ₹ 1180/- |
| SC / ST / PwBD | ₹ 100/- | ₹ 18/- | ₹ 118/- |
6. Selection Procedure Highlights
- Methodology: Selection will primarily be through a Personal Interview/Discussion. A preliminary screening of applications will be carried out to shortlist candidates.
- Written Exam: The Bank reserves the right to conduct a written examination depending on the number of applications received.
- Interview Marks: The total allocation of marks for the personal interview is 100. Candidates must score a minimum of 50 marks to qualify.
- Probation & Bond (Permanent Posts): Scale III and Scale IV officers will undergo a 6-month probation period and must execute a service bond of ₹ 3.00 Lakhs for 2 years.
7. Step-by-Step Online Application Protocol
Applications must be submitted exclusively online. Ensure you have all documents scanned as per the required specifications.
- Portal Access: Visit the official Bank of Maharashtra website at www.bankofmaharashtra.bank.in/current-openings.
- Document Preparation: Prepare all documents in PDF format (max 5 MB). You will need to upload educational certificates, detailed experience certificates, and a brief resume.
- Image Preparation: Scan your recent passport-style color photograph (20kb - 50kb) and signature signed with a Black/Blue Ink Pen (10kb - 20kb).
- Handwritten Declaration: Write the declaration in English on white paper with black ink, scan it (50kb - 100kb), and upload it. Text: "I, (Name of the candidate), hereby declare that all the information submitted by me in the application form is correct, true and valid. I will present the supporting documents as and when required."
- Form Filling: Fill in all details carefully. Calculate your percentage to the nearest two decimals.
- Fee Payment & Submission: Pay the required fee online through the payment gateway. Verify all data as no changes are permitted after submission. Take a printout of the application form.
8. Important Official Links
9. Frequently Asked Questions (FAQs)
This career tracking post is developed for educational reference and guidance based on Recruitment Notification AX1/ST/RP/Specialist Officer/Phase I/2026-27 issued by Bank of Maharashtra. Candidates are strictly instructed to verify all specific educational requirements, exact experience parameters, and document upload procedures on the official Bank of Maharashtra Current Openings page (www.bankofmaharashtra.bank.in) before submitting their online applications.
