Day in and day out, a 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!
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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.
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
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-
|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. Prelims2. Mains3. Interview|
|Maximum Marks||Prelims- 100 marksMains- 225 marksInterview- 100 marks|
|Time Duration||Prelims – 1 hourMains- 3 hour 30 minutes|
|Medium of Exam||Bilingual (English and Hindi)|
|Negative Marking||1/4th mark deducted for every wrong answer|
|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|
|IBPS PO Mains Pattern- Paper||Section||Number of Questions||Marks Allotted||Time Allotted|
|Objective Test||-Reasoning & Computer Aptitude
-Data Analysis & Interpretation
-General Awareness, Economy & Banking Awareness
|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 examination, one needs to give a series of tests. It is necessary for applicants to qualify 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
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 future. There are various reputed banks in India which can be a suitable platform for you as an officer. The list is given below:
- Bank of Maharashtra
- Punjab National Bank
- Oriental Bank of Commerce
A Bank Probationary Officer, often known as a Bank PO, is a position in the banking sector that is highly sought after by job seekers all across the country. The bank PO test is held by a number of public sector banks to recruit Probationary Officers.
To apply for the IBPS PO test, you must have a graduation degree in any field from a recognised institution or any equivalent qualification recognised by the federal government.
A bank probationary officer’s (PO) position is a high-paying white-collar job. Every year, tens of thousands of people apply for PO tests. The profession has a lot of room for advancement and a promising future in banking.
An SBI Clerk or PO is well-respected in society and receives additional advantages in addition to a good wage. SBI is the authority in charge of both tests. SBI PO is an officer-level position, whereas SBI Clerk / Junior Associate is more of a clerical one.
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!