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What is Bank PO (Bank Probationary) and its important Factors?


What are Bank PO and its important Factors: Hello, Everyone Today I am going to share some interesting information on the topic of  What is Bank PO and its important Factors. The Bank PO or the full form as Bank Probationary Officer is a post in the Public Sector Banks. The Bank PO exam is found to be one of the most obtain after and the toughest exam in the Banking sector.

What is Bank PO (Bank Probationary) and its important Factors

What is Bank PO

About on Bank PO or Probationary Officer

PO or a Probationary Officer is basically an Assistant Manager of Scale in the bank. It is a Junior Manager of Grade I scale and is called Scale I Officer. After the selection criteria of this post 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 Probationary Officer may last for around 2 years. This again varies from bank to bank.

The Character of a Bank PO or Probationary Officer

As the candidates selected for this post are to be young officers who have freshly graduated, and have a great enthusiasm within themselves. They are hardworking and have the interest to learn and hence they are filled with some really serious responsibilities by the bank.

PO or Probationary Officer is trained on multiple verticals like Finance, Accounting, Billing, Investment, etc. during his or her probation period in order to know them with various working procedures of the bank. This is basically done by entrusting them and providing them with responsibilities and jobs in these categories.

The main purpose of the bank is to give the best service to its customers. PO or PO or Probationary has to make sure that the business of the bank will keep on increasing by giving to the bank’s customers properly by handling customer Complaints, Addressing different customer related issues like Discrepancies in accounts, The rectification of undue charges, etc.

When it get adjust to the banks, norms they are providing with more serious responsibilities such as Planning, Budgeting, Loan Processing, Investment management, etc.

Bank PO Exam | Probationary Officer Exam

Every year all the government, as well as all the private banks were conducted Bank PO or Probationary Officer exams to recruit many young officers.

This is a List of Banks that participate in the conduction of PO or Probationary Officer recruitment exams:

  • 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

The important exam among them is the State Bank of India Probationary Officer exam and the IBPS PO exam. Both of them have a large scope and number of vacancies and are eagerly looking for young officers. The most essential thing to keep in mind is that every bank has its own selection criteria basis and its own set of papers.

IBPS conducts a very common written exam for the hiring of Probationary Officers that is PO in various public sector banks that is PSU and State Bank of India conducting a separate exam for the hiring of Probationary Officers PO.

Bank PO Eligibility | Probationary Officer Eligibility

Before applying to this post, it is really very important to check the eligibility criteria for this examination. Candidate must be of at least 21 to 30 years of age while applying for the Bank Probationary Officer exam. The Age relaxation of 5 years is given to every candidate who is belonging to Scheduled Caste and Schedule Tribe.

The candidates belonging to OBC categories are given with certain age relaxation of 3 years. The ex-servicemen and the candidates holding on to the state of Jammu and Kashmir quota are also given an age relaxation of 5 years.

Apart from this, the minimum educational qualification of the candidate for the PO must be that of a graduate from a designated University.

A candidate must also not to hold any criminal record. If found guilty, their candidature is likely to get canceled immediately.

The Timing for the Exam of Bank PO or Probationary Officer

In addition to the writing of the exam for the post of Bank Probationary Officer is another test. It is conducted for a duration of about 30 minutes where the English language skill is tested through descriptive letter writing and writing essays. The marks are allotted for this exam is 25 and the time allotted is just 30 minutes.

The Preparation of Bank PO or Probationary Officer

To get through this prestigious and renowned exam, proper preparation is very necessary to keep in mind the recent pattern and Bank PO syllabus. You can either make yourselves prepare for the exam on your own or found a coaching institute for your preparation. Opting for e-books & Test Series is also another option to prepare for the Bank Probationary Officer exams.

The Growth of Bank Probationary Officer in Career

The growth in the field of Bank PO is quite fast. You can jump to Grade II officer within 3 to 5 years of your service. The Probationary Officer are required to give some written examination and go through an interview process to get it promoted to a higher designation. One can easily switch on to the position of Manager, Assistant General Manager, and General Manager, etc.

The Recruitment of Bank Probationary Officer

The Institute of Banking Personnel Selection conducts the IBPS  Probationary Officer every year to select officers for multiple banks in India. This year the preliminary exam for IBPS  Probationary Officer is scheduled for 3rd, 4th & 10th October 2020. The selected candidates can only give the main exams which are scheduled for the 28th of November 2020.

The Exam Pattern of Syllabus in Bank PO or Probationary Officer

Recruitment is done in general in the process of three steps. The first two rounds are a written test which are preliminary exams and mains exam respectively. The third step is the Interview process. The Candidates are selected after the first two rounds to get eligibility for the interview round.

After getting selected in these three rounds, a merit list is given based on the candidate’s performance. The candidate, who makes it to the list is the ones selected for the post of PO or Probationary Officer.

The syllabus of the Bank PO or Probationary Officer exam is designed to evaluate the candidate’s aptitude as well as their general awareness. The preliminary paper is divided into three sections- that are Quantitative Aptitude, Reasoning, and Verbal Ability.

The mains paper is consisting of five sections namely General Awareness, Computer Knowledge, Quantitative Aptitude, Reasoning, and Verbal Ability. This pattern again varies from bank to bank.

Bank PO Salary or Probationary Officer Salary

The banks have to pay their probationary officers quite handsomely salary. The Basic pay of a State Bank of India for Probationary Officer is Rs. 23,700. In addition to this basic pay, the officers eligible for the facilities given are Dearness Allowance, House Rent Allowance CCA, Special allowance, etc. The total salary thus amounts is to Rs. 40,239 per month.

The salary of a Probationary Officer is almost the same in almost all the banks. You still might encounter a few changes from bank to bank.

So, these are the Bank PO and its useful factors. Nowadays, the competition of growing more in society is very necessary for every youngster. Some are preparing for Bank exams and some are for different.

But the competition of getting good opportunities in the field of Bank has also essential in recent generation students. Students from Commerce fields are also very active in the field of a bank. Because after learning the subject it is very clear to get a job easily.

Bank exams are often providing different types on the basis of the preparation done by the candidates. Their way of preparing for exams is a must thing to reach the goal. I think this should learn by every candidate, those who are appearing for this kind of exam.

If any Queries or Question is persisting then, please feel free to comment the viewpoints.

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