About Bank PO
A Probationary Officer (PO) is basically an Assistant Manager of Scale I in a bank. He is a Junior Manager of Grade I scale and hence called Scale I Officer. After the selection criteria are completed, a Probationary Officer has to go through an intensive training program at the Institute of Banking Management where they are trained. The probation period of a PO may last for 2 years. This again differs from bank to bank.
Role of a Bank PO
As the candidates selected for this post are young officers who have freshly graduated, they have a great enthusiasm within themselves. They are hardworking and have a zest to learn and hence they are imparted with some really serious responsibilities by the bank.
A Bank PO is trained on multiple verticals such as finance, accounting, billing, investment etc. during his/ her probation period in order to acquaint them with various working procedures of the bank. This is basically done by entrusting them with responsibilities and jobs in these categories.
The main purpose of the bank is to provide optimal service to its customers. A Bank PO has to make sure that the business of the bank keeps on increasing by tending to the banks’ customers properly by handling customer complaints, addressing various customer-related issues such as discrepancies in accounts, the rectification of undue charges etc.
When they get acclimatized to the banks’ norms they are provided with more serious responsibilities such as planning, budgeting, loan processing, investment management etc.
Bank PO Exam
Every year all the government, as well as the private banks, conduct Bank PO exams to recruit young officers. The major banks participating in this process are listed below:
• State Bank of India
• Allahabad Bank
• Bank of Baroda
• Bank of Maharashtra
• Punjab National bank
• Oriental Bank of Commerce
• ICICI Bank
• Cooperative Bank
• Cooperation Bank
• Syndicate Bank
• HDFC Bank
Bank PO Recruitment 2022
IBPS or the Institute of Banking Personnel Selection conducts the IBPS PO every year to hire officers for multiple banks in India. This year the preliminary exam for IBPS PO 2022 exam is scheduled to be conducted on the 15th, 16th, 22nd of October 2022 and the preliminary examination for SBI PO 2022 will be conducted on the 17th/18th/19th/20th of December 2022.
Bank PO Full Form
The full form of Bank PO is Bank Probationary Officer. It is a managerial level post offered in various Public Sector Banks in India and holds the designation of Assistant Manager in any Public Sector Bank.
The main exam among them is the SBI PO exam and the IBPS PO exam. Both of them have a large number of vacancies and eagerly look for young officers. The main thing to keep in mind is that every bank has its own selection criteria and its own set of papers. IBPS conducts a common written exam for the hiring of Probationary Officers (PO) in different public sector banks(PSU) and the State Bank of India conducts a separate exam for the hiring of Probationary Officers (PO).
Bank PO Syllabus & Exam Pattern
Recruitment is done in generally three steps process. The first two-phase is a written test which are preliminary exams and mains exam respectively. The third step is the interview process. Candidates selected after the first two rounds get eligible for the interview round. After getting selected in these three rounds a merit list is generated based on the candidate’s performance. The ones who make it to the list are selected for the post of PO.
The syllabus of the Bank PO exam is designed to assess the candidate’s aptitude as well as his general awareness. The preliminary paper is divided into three sections- Quantitative Aptitude, Reasoning and Verbal Ability. The main paper contains five sections namely General Awareness, Computer Knowledge, Quantitative Aptitude, Reasoning and Verbal Ability. This pattern again differs from bank to bank.
Bank PO Salary
The banks pay their probationary officers quite handsomely. The basic pay of an IBPS PO is Rs 36,000. In addition to this basic pay, the officers are also eligible for Dearness Allowance (DA), House Rent Allowance (HRA), CCA, special allowance etc. The total in-hand salary thus amounts to Rs 52,630 to Rs 55,200 per month.
The salary is almost the same for POs of almost all the banks. You still might encounter a little variation from bank to bank.
Bank PO Eligibility
• Before applying for this post it is really necessary to check the eligibility criteria for this examination. A candidate must be 21-30 years of age while applying for the Bank PO exam. Age relaxation of 5 years is given to candidates belonging to SC and ST. the candidates belonging to OBC categories are given an age relaxation of 3 years. The ex-servicemen and the candidates holding Jammu and Kashmir quota are also given an age relaxation of 5 years.
• Apart from this the minimum educational qualification of the candidate must be that of a graduate from a designated University.
• A candidate must also not hold any criminal record. If found guilty, their candidature is likely to get canceled.
Bank PO Preparation
To get through this prestigious exam, proper preparation is necessary keeping in mind the current pattern and Bank PO syllabus. You can either prepare for the exam on your own or consider a coaching institute for your preparation. Opting for e-books & Test Series is another option to prepare for bank PO exams.
You can access Adda247 e-books & Online Mock Test Series from here.
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Bank PO Career Growth
The growth in this field is quite fast. You can jump to Grade II officer within 3-5 years of your service. The POs are required to give few written examinations and go through an interview process to get promoted to a higher designation. One can easily switch to the position of Manager, Assistant General Manager, General Manager etc.
Thus we can see that Bank PO is a very promising career for the youth who desire to join on a good post and make their career in the Banking sector.
All the Best!!