The Bank of Maharashtra Apprentice Recruitment 2026 is an excellent opportunity for candidates who wish to gain real-world banking experience through hands-on training. With 600 apprentice vacancies, this program is ideal for fresh graduates looking to understand day-to-day banking operations before entering full-time employment.
Although the apprenticeship does not offer a permanent job, it provides practical exposure, skill development, and industry experience, along with a fixed monthly stipend of ₹9,000. In this article, we cover the Bank of Maharashtra Apprentice Salary 2026, stipend structure, job profile, responsibilities, and important rules governing the apprenticeship.
Bank of Maharashtra Apprentice Salary 2026
The stipend provided to Bank of Maharashtra Apprentices is fixed and governed by the Apprenticeship Act, 1961. Unlike regular bank employees, apprentices are not entitled to allowances, increments, or service benefits.
BOM Apprentice Salary Details
| Particulars | Details |
|---|---|
| Organization | Bank of Maharashtra |
| Post Name | Apprentice |
| Total Vacancies | 600 |
| Apprenticeship Duration | 1 Year |
| Monthly Stipend | ₹9,000 |
| Pay Scale | Not Applicable |
| Allowances | Not Provided |
| Governing Act | Apprenticeship Act, 1961 |
Bank of Maharashtra Apprentice Stipend Amount 2026
Candidates selected under the BOM Apprentice Recruitment 2026 will receive a fixed stipend of ₹9,000 per month throughout the apprenticeship tenure. This amount is paid to support trainees during the learning period and remains unchanged for the entire duration.
Key Points About BOM Apprentice Stipend
- The stipend is fixed for one year
- No annual or performance-based increments
- It is not a salary, but a training allowance
- No DA, HRA, TA, or medical benefits
- Apprentices are not treated as bank employees
- Payment is strictly governed under statutory rules
Important: The stipend does not vary by posting location or branch.
Is Bank of Maharashtra Apprentice Salary a Pay Scale?
No. The Bank of Maharashtra Apprentice stipend does not fall under any bank pay scale. Apprentices are trainees, not employees, and therefore:
- No grade pay applies
- No promotion benefits are provided
- No pension, PF, or gratuity is applicable
- No leave encashment or bonus
This apprenticeship is designed purely for learning and exposure, not long-term employment.
Bank of Maharashtra Apprentice In-Hand Stipend 2026
Since there are no deductions like PF or NPS, the in-hand stipend remains ₹9,000 per month. However, applicable statutory deductions (if any) may depend on local compliance rules.
| Component | Amount |
|---|---|
| Gross Monthly Stipend | ₹9,000 |
| Deductions | Nil (generally) |
| In-Hand Amount | ₹9,000 |
Bank of Maharashtra Apprentice Job Profile 2026
The BOM Apprentice Job Profile focuses on practical learning and operational exposure. Apprentices are posted in bank branches and work under the supervision of senior officials.
This role helps candidates understand how public sector banks function at the ground level.
Nature of Work
- Training-based, not performance-linked
- Supportive and observational in nature
- No independent decision-making authority
Key Responsibilities of BOM Apprentice
- Assisting bank staff in daily clerical operations
- Supporting customer service activities
- Helping in account opening and documentation
- Assisting in cash and non-cash counter operations
- Learning KYC verification procedures
- Understanding loan processing basics
- Gaining exposure to government banking schemes
- Maintaining records and customer data
What Apprentices Learn During Training
The one-year apprenticeship helps candidates build a strong foundation in banking operations, including:
- Retail banking processes
- Customer interaction handling
- Basic accounting and ledger management
- Digital banking tools
- Public sector bank workflow
- Compliance and documentation norms
This experience is extremely valuable for candidates preparing for IBPS, SBI, and other banking exams.
Duration of Bank of Maharashtra Apprenticeship 2026
| Feature | Details |
|---|---|
| Total Duration | 12 Months |
| Extension Allowed | No |
| Employment Guarantee | No |
| Training Completion Certificate | Yes |
After completion, candidates receive experience certification, which adds value to their resume.
Career Value After BOM Apprenticeship
Although the apprenticeship does not guarantee a job, it significantly enhances employability:
Benefits After Apprenticeship
- Strong understanding of banking systems
- Advantage in interviews and exams
- Relevant experience for private & PSU banks
- Improved confidence and practical skills
Many candidates use this apprenticeship as a stepping stone for clerk or PO-level roles.
Who Should Apply for BOM Apprentice 2026?
This program is ideal for:
- Fresh graduates
- Banking exam aspirants
- Candidates seeking practical exposure
- Individuals planning long-term banking careers
FAQs – Bank of Maharashtra Apprentice Salary 2026
Q1. What is the stipend for Bank of Maharashtra Apprentice 2026?
The monthly stipend is ₹9,000 for the entire one-year period.
Q2. Is there any increment in BOM Apprentice stipend?
No, the stipend remains fixed throughout the apprenticeship.
Q3. Does Bank of Maharashtra provide allowances to apprentices?
No, apprentices are not entitled to any allowances or benefits.
Q4. Is the apprenticeship a permanent job?
No, it is a training program with no employment guarantee.
Q5. What is the duration of BOM Apprentice program?
The duration is strictly one year with no extension.
