A Bank PO is an Assistant Manager of Scale I in any of the Public Sector Bank in India. A Probationary Officer is a Junior Manager of Grade I. A lucrative career option and a white collar job, the position of Bank PO is considered to be a highly dignified position in India. The candidate selected after Bank PO Exam undergoes a probation period of 2 years during which he is trained on all domains required for smooth working of a Bank. The position of Bank PO is full of responsibilities and the selected candidate is expected to fulfill all those roles ensuring satisfaction of all the Bank’s customers.
There are numerous other responsibilities a Bank PO is vested upon after he takes up the position of Assistant Manager in a Bank.
Every year all the Government and Public Sector Banks conduct Bank PO exams to recruit young officers. The Banks participating in this process are:
SBI PO exam and the IBPS PO exam are the two major exams conducted every year to select Probationary Officers for all the participating Banks. A large number of vacancies are created through these two exams. The main thing to keep in mind is that every bank has its own selection criteria and their own set of papers.
The Probationary Officers are paid quite handsomely by the Banks. The basic pay of a SBI PO is Rs23,700/-. 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 salary thus amounts to Rs. 40,239/- per month.
The salary is almost same for the post of POs in almost all the banks. A little variation can be noticed in the salary in accordance with the location an officer is posted in.
The SBI PO exam has already been conducted. IBPS conducts IBPS PO every year to hire probationary officers for multiple banks in India. This year the preliminary exam for IBPS PO is scheduled on 4th, 8th, 14th and 17th of October, 2017. The selected candidates can give the mains exam scheduled on 26th of November, 2017.
Before applying for the post of Bank PO, it is mandatory for a candidate to check the eligibility criteria for this examination.
Bank PO Recruitment is done in generally three steps. The first two phases Preliminary Exam and Mains Exam are Online Multiple Choice Question type test. The third step is the interview process. Candidates selected after the first two rounds are eligible for the interview round. After getting selected in these three rounds a merit list is generated based on the candidate’s performance in the Interview Process.
syllabus of Bank PO exam is designed to assess the candidate’s aptitude as well as his general awareness on all Banking and Financial Matters. The preliminary paper is divided into three sections- Quantitative Aptitude, Reasoning and Verbal Ability. The mains paper contain five sections: General Awareness, Computer Knowledge, Quantitative Aptitude, Reasoning and Verbal Ability.
The preparation of Bank PO exam must be done judiciously keeping in mind the latest pattern and the syllabus of the exam. Since the syllabus covers a large number of topics, it is necessary for the candidates to choose the right set of books to prepare for their examination.
Candidates must also go through previous years’ Bank PO question papers in order to acclimatize to the change in pattern of the exam and to know the sections from which the questions are majorly asked in the exam. Apart from test series you can also join any Coaching or online test series for self-assessment and better exam preparation.
The growth in this field is quite fast. You can jump to Grade II officer within 3-5 years of your service. The Bank PO is required to give few written examination 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.