What is the Role of Bank PO?

Day in and day out, tough competition among banks has given wider services for customers to choose their favorite banks. Making it a field of choice for many students. If you are wondering why do people ask questions like  Why banking after engineering? Or Why banking courses after graduation? Then the answer would be the lucrative job outlines in the field which provides great opportunities to the selected candidates. One such profile is of a Bank Po, through this blog we will run you through the role of a Bank PO and what does it take to become one!

Full Form of Bank PO

Bank Probationary Officer is the full name of a Bank PO. It is one of the country’s most prestigious and well-known job titles. It is a managerial-level position that is available in both public and private sector banks throughout India. Aspirants interested in pursuing a career in this industry should be aware of about the role of Bank PO.

Who is a Bank PO?

The Bank PO is a position in the banking sector’s Officer cadre. PO (Probationary Officer) is a position in which individuals are immediately hired as officers in the country’s largest banks like SBI PO, IBPS PO, etc. A bank PO can be regarded as an assistant manager on the prohibition period, managing all the major tasks in a particular bank branch. This officer is an entry-level position in the management of Banks. It is necessary for this personnel to undergo 2 years of probation training at Institute of banking management in order to be eligible as Assistant Manager or Scale I officer. In order to resolve conflicts in a composite manner, a Bank PO plays a vital role along with powerful communication skills. Providing excellent services to customers is the major objective of these officers. 

Also Read: MBA in Banking and MBA in Banking and Finance

Role of Bank PO

Being an officer is never an easy task, especially at places which require public dealings on a daily basis, making the role of a Bank PO much diverse and intense. The official has to manage varied tasks while working in the bank. The list given below showcases the role of a bank PO: 

• Handling of mortgage and loan departments. 
• Ensuring smooth administration in the bank.
• Redressing customer concerns with vivid interpersonal communicational.
• PO acts as Public relations officer at the branch. 
• Handing of financial activities like account preparation, billing, investment, marketing, statements, account drafting, cheque clearance, cash flow, ATM cards, demand drafts, bank management etc. 
• Once a newly joined PO is accustomed to a banking environment, then the responsibility regarding issuance of loans, investment approvals, allotment of funds, budgeting falls under their belt.  
• Getting the loans cleared by visiting loan defaulters site and documentation of loan activities. 
• Supervising the clerical work in the bank and taking favourable decisions in favour of the bank.

Also Read: Diploma in Banking and Finance

Eligibility Criteria 

To give any of the Bank PO examinations in India, applicants need to fulfil certain conditions. Given below is a list of the same: 

• Applicants must not be older than 30 years of age. 
• There is 5 years of age relaxation for the SC/ST candidates.
• For OBC candidates, there is an age relaxation of 3 years. 
• Applicants must have a bachelor’s degree from a recognized university or educational institute. 

Note: These are the basic conditions to become a Bank PO in India. Additional requirements might be there depending upon country and banks.

Bank PO Exam

Here are the details related to the Bank PO exam by IBPS-

Exam Details 

Name of the Exam	IBPS PO 2021 – Common Recruitment Process (CRP PO/MT-XI)
Conducting Body	Institute of Banking Personnel Selection (IBPS)
Name of Post	IBPS Probationary Officers
Mode of Application	Online
Mode of Exam	Online
Number of Stages	1. Prelims 2. Mains3. Interview
Maximum Marks	Prelims- 100 marksMains- 225 marksInterview- 100 marks
Time Duration	Prelims – 1 hour mains- 3 hours 30 minutes
Medium of Exam	Bilingual (English and Hindi)
Negative Marking	1/4th mark deducted for every wrong answer

Exam Pattern 

Prelims:

IBPS PO Prelims Exam Pattern – Section	Number of Questions	Marks Allotted	Time Allotted
English Language	30	30	20 min
Numerical Ability	35	35	20 min
Reasoning Ability	35	35	20 min
Total	100	100	60 minutes

Mains: 

IBPS PO Mains Pattern- Paper	Section	Number of Questions	Marks Allotted	Time Allotted
Objective Test	-Reasoning & Computer Aptitude -English Language -Data Analysis & Interpretation -General Awareness, Economy & Banking Awareness	45 35 35 40	60 40 60 40	60 min 40 min 45 min 35 min
Descriptive Test	English Language (Letter Writing & Essay)	2	25	30 min

Syllabus for Bank PO

While talking about a career in Banking as a Bank officer in India, one must know that the process is time-consuming and full of challenges. In order to become a PO examiner, one needs to give a series of tests. It is necessary for applicants to qualify for prelims, mains as well as a group exercise and interview part. Given below is a list of topics that might help you ace the exam: 

English Language	Numerical Ability	Reasoning Ability	General Awareness
Reading Comprehension	Number series	Puzzle and Arrangements	Banking Awareness
Cloze Test	Simplification/ Approximation	Inequality	Financial Awareness
Fillers	Quadratic Equations	Syllogism	Govt. Schemes and Policies
Spotting Errors	Data Interpretation	Coding-Decoding	Current Affairs
Sentence Improvement	Data Sufficiency	Input-Output	Static General Awareness
Fill in the Blanks	Miscellaneous	Data Sufficiency	–
Para Jumbles	Quantity Based Questions	Logical Reasoning	–
Paragraph Completion	–	Miscellaneous (Blood Relations, Direction sense, Order and Ranking, etc.)	–
Sentence Connectors	–	Computer Aptitude	–

Scope of Bank PO

When a candidate is hired as a Probationary Officer in the banking industry, he or she has a number of options for advancement, including internal tests and qualifying interviews.

A Bank PO can easily advance to Managers, Assistant Managers, Assistant General Managers, and other positions. The Bank PO position is transferrable, and with each advancement, the employee will most likely be relocated from their present location.

Bank PO Salary

For the thousands of applicants who apply for the Bank PO examinations every year, the salary is one of the most essential factors. The following is a summary of the Bank PO salary for applicants’ reference:

Bank Name	Average Salary (Basic Pay)
SBI PO	Rs. 27,620
IBPS PO	Rs. 23,700
RBI Grade B officer salary	Rs. 35,150

Note: The above-mentioned Bank PO pay figures do not include any bonuses, incentives, or other benefits that a Bank PO employee may receive

Popular Banks

There are considerable chances for a bank PO to become a successful bank manager or, deputy manager, director or chairman with time and promotions. Applicants might also get investment banking jobs in the future. There are various reputed banks in India that can be a suitable platform for you as an officer. The list is given below: 

1. SBI
2. Canara
3. Syndicate
4. Allahabad
5. HDFC
6. ICICI
7. Cooperative
8. Bank of Maharashtra
9. Punjab National Bank
10. Oriental Bank of Commerce

FAQs

You need to have impeccable skills in communication, reasoning and financial activities in order to set your benchmark as Bank probationary officer. Are you willing to gain those skills by pursuing banking courses? The list of banking courses offered by universities abroad is limitless. If you can’t decide which one to pick, let Leverage Edu find a suitable course with their unique AI tool and skyrocket your career!