Bank of Maharashtra has released the Recruitment Project 2026-27 (Phase I) Notification for the recruitment of Economist professionals in its Economic Cell. The recruitment drive invites applications for the posts of Chief Economist, Chief Manager – Economist, and Senior Manager – Economist. Interested and eligible candidates can apply online through the official website before the last date.
This is a great opportunity for experienced professionals from the field of Economics to join one of the leading Public Sector Banks of India.
Bank of Maharashtra Recruitment 2026: Overview
| Organization Name | Bank of Maharashtra |
| Recruitment Project | Recruitment Project 2026-27 (Phase I) |
| Post Names | Chief Economist, Chief Manager – Economist, Senior Manager – Economist |
| Total Vacancies | 4 |
| Job Location | Anywhere in India |
| Selection Process | Screening, Written Exam (if required), Interview |
Also Read: SBI PO Recruitment 2026 Notification Out for 1500 Vacancies | Apply Online
Bank of Maharashtra Vacancy 2026
| Post Name | Employment Type | Vacancies |
| Chief Economist | Contractual | 1 |
| Chief Manager – Economist (Scale IV) | Permanent | 1 |
| Senior Manager – Economist (Scale III) | Permanent | 2 |
| Total | — | 4 |
Eligibility Criteria
Educational Qualification
| Chief Economist | Post Graduate Degree in Economics with specialization in Monetary Economics, Financial Economics, or Econometrics from a recognized University/Institute. A doctorate in Money, Banking, or International Finance is desirable. |
| Chief Manager – Economist (Scale IV) | Post Graduate Degree in Economics with specialization in Monetary Economics, Financial Economics, or Econometrics. Doctorate degree preferred. |
| Senior Manager – Economist (Scale III) | Post Graduate Degree in Economics with specialization in Monetary Economics, Financial Economics, or Econometrics. Doctorate degree preferred. |
Age Limit
| Chief Economist | Maximum 55 Years |
| Chief Manager – Economist (Scale IV) | Maximum 40 Years |
| Senior Manager – Economist (Scale III) | 25 Years to 38 Years |
Experience Required
| Chief Economist | Minimum 12 years experience as Economist/Professor or combined experience |
| Chief Manager – Economist (Scale IV) | Minimum 5 years experience as Economist/Professor or combined experience |
| Senior Manager – Economist (Scale III) | Minimum 3 years experience as Economist/Professor or combined experience |
Salary Details
| Post Name | Pay Scale / Salary |
| Chief Economist | Annual CTC Negotiable based on qualification and experience |
| Chief Manager – Economist (Scale IV) | ₹1,02,300 – ₹1,20,940 |
| Senior Manager – Economist (Scale III) | ₹85,920 – ₹1,05,280 |
Additional Benefits
- Dearness Allowance (DA)
- House Rent Allowance (HRA)
- Lease Rental Facility
- City Compensatory Allowance (CCA)
- Medical Benefits
- Other allowances and perquisites as per Bank rules
Probation Period and Service Bond
| Post | Probation Period | Bond Amount | Minimum Service Period |
| Scale IV | 6 Months | ₹3 Lakh | 2 Years |
| Scale III | 6 Months | ₹3 Lakh | 2 Years |
Application Fee
| Category | Fee | GST | Total Fee |
| UR / EWS / OBC | ₹1000 | ₹180 | ₹1180 |
| SC / ST / PwBD | ₹100 | ₹18 | ₹118 |
Selection Process
The selection process for Bank of Maharashtra Recruitment 2026 consists of the following stages:
- Scrutiny and Shortlisting of Applications
- Written Examination (if required)
- Personal Interview / Discussion
- Document Verification
- Final Merit List
Important Selection Criteria
- The interview carries 100 marks.
- Candidates must secure at least 50 marks in the interview to qualify.
- The Bank may conduct a written examination depending on the number of applications received.
- Final selection will be based on performance in the interview and overall suitability.
How to Apply
Candidates can follow these steps to apply online:
- Visit the official Bank of Maharashtra website.
- Open the Recruitment or Current Openings section.
- Click on the Recruitment Project 2026-27 (Phase I) notification.
- Register using a valid email ID and mobile number.
- Fill in the online application form carefully.
- Upload all required documents, photographs, signatures, and certificates.
- Pay the application fee through online mode.
- Verify all details before submission.
- Submit the application form.
- Take a printout of the final application form for future reference.
Important Dates
| Notification Release Date | 23 June 2026 |
| Online Application Start Date | 23 June 2026 |
| Last Date to Apply Online | 10 July 2026 |
Important links:
Documents Required
Applicants should upload the following documents:
- 10th Marksheet and Certificate
- 12th Marksheet and Certificate
- Graduation Mark Sheets and Degree Certificate
- Post-Graduation Mark Sheets and Degree Certificate
- Professional Qualification Certificates (if applicable)
- Experience Certificates
- Resume/CV
- Caste Certificate (if applicable)
- PwBD Certificate (if applicable)
- Recent Passport Size Photograph
- Signature
- Handwritten Declaration
FAQs
1. How many vacancies are available in Bank of Maharashtra Recruitment 2026?
2. What is the educational qualification required?
Candidates must possess a Post Graduate Degree in Economics, preferably with specialization in Monetary Economics, Financial Economics, or Econometrics.
3. What is the selection process?
The selection process includes application screening, written examination (if required), personal interview, document verification, and final selection.
4. What is the maximum age limit for the Chief Economist post?
The maximum age limit for the Chief Economist post is 55 years.
5. Is there any application fee?
Yes. The application fee is ₹1180 for UR/EWS/OBC candidates and ₹118 for SC/ST/PwBD candidates.
6. What is the salary for the Chief Manager – Economist post?
The pay scale for Chief Manager – Economist (Scale IV) is ₹1,02,300 to ₹1,20,940.