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What is Bank PO:

The job of a Bank Probationary Officer (PO) is considered as a lucrative career option and a white collar job. The job offers a high career growth and prospects for a bright future in banking. Many candidates want to know about the responsibilities of a bank PO, what kind of job they do once they are recruited in banks.

Know fact for PO?

Every year crores of aspirants contest for PO exams. Over 1.5 crore candidates have appeared for bank PO exams were conducted by IBPS during the last 3 years & 50,000 vacancies (approx.) were filled in Indian banks last year.

Carrier Growth in PO:

Bank probationary officer post is the entry level position. Bank PO undergoes a 2 years probation period or training and then gets the post of Assistant Manager on joining a branch. Normal prospect of this job is general banking and bank administration; however, bank POs are expected to possess excellent communication skills and the ability to resolve conflicts in a cool and calm manner.

Even If you are not in IIM/IIT/IAS, you can still work your way to the top position for example

  • Arun Tiwari: BSc in Chemistry. Joined Bank of Baroda as PO in ’79. right now CMD of Union bank of India.
  • KR Kamath: Did B.Com from Mysore, joined Corporation Bank as officer trainee ‘77. Today he is CMD of Punjab National Bank.
  • Arundhati Bhattacharya: Done BA in literature, joined SBI as PO back in ‘77. Today she is the Chairman of SBI.
  • K. Dubey: MA in English, LLB, joined Punjab National Bank in ’77 as a management trainee (MT). Today he is CMD of Canara Bank.

JOB Profile:

While on job, here are some of the important responsibilities of probationary officer in banks.

  • Service Customers: All banks rely on customers for their business. So servicing the customer is the foremost necessity for an officer by giving them the information they asked.
  • In many branches, the junior officer (PO) will be asked to look into customers coming for opening new accounts, ATM cards, deposits, receipts, loans, cheque books etc.
  • Bring New Business: Since you are dealing with customers directly, it is naturally expected of you to promote various products of the bank & its partners to them. It may include fixed deposits, insurance policies, mutual funds, credit cards etc.,
  • You may be required to travel to their place if required as public sector banks don’t employ marketing/ sales executives separately.
  • Although there won’t be any pressure on you to sell these stuff initially, you will have targets & deadlines for each as months pass.
  • Handle Cash: Cash disbursal & collection from cashiers are normally done through the counters manned by clerks.
  • Incase of heavy crowding, a parallel counter will be opened & you may be required to perform the clerical activities as well. Such a situation may arise if the cashier post is vacant or he/ she has gone on leave.
  • For this purpose, PO`s will also be trained on the transaction software too. Many officers have also reported of loading the ATM machines with cash every morning. So you would also need to keep track of the ATM activity, if the branch has one attached to it.
  • Payment Clearances: Although a clerk performs most cash transactions, some payments by way of cheque, DD, NEFT/ RTGS beyond a certain amount need to be authorized & cleared only by a person of officer cadre.
  • At times, the clerical may find some discrepancies related to a customer’s account which would also be referred to a PO for further scrutiny.
  • Report Verification: With the introduction of core banking solutions, all the work done in a day should be properly closed to avoid any mismatch. While every employee has some day-end work, PO`s would be assigned to generate reports which may include the deposits, withdrawals, ledger balances etc.,
  • You would login to the system using your details, take prints of statement, manually verify each transaction & record the changes found. If you overlook any one entry, it will create a problem the next day with mails from regional or zonal officers.
  • Official Communication: Just like in any MNC or IT company, all employees receive numerous emails which could be related to new rules or schemes or products. A probationary officer may be asked to keep a track of these latest developments to improve their product knowledge as they will be interacting with customers more.
  • The manager could also ask PO to send official replies or letters to other departments for want of information or provide them with required info. As one can see from the above functions, there is no specific job description for a probationary officer.
  • So PO`s are required to be well versed in all the branch activities because on promotion, they will be elevated to the cadre of ‘Branch Manager’.

What is the Salary of Bank PO?

Having read about the work of probationary officer, one person will be curious to know the bank PO salary.

While the pay-scale for PO (scale I) ranges between Rs.14500 – 25700, the actual salary could be approx. Rs. 31,000 – 32,000 / month (including allowances) depending on location of Posting.

JOB Satisfaction:

As a banker, you will find a true job satisfaction as you have to help needy people to get loans for starting business, pursuing higher education, loans for buying home, car, bike etc. you bring happiness to many families in real terms you are helping them to stand on their foot.

  1. You’re helping poor women save their money away from their drunkard husband and so on…
  2. Banks help the economic growth in small towns and large villages=> prevent migration to metropolitans and subsequent problems related to slums etc.
  3. Thus, a Banker is also doing an essential public service– just like doctor and policeman.
  4. So, Apart from good salary, there is job satisfaction, the feeling of having done something good for another fellow Indian.
  5. All that is necessary for the triumph of evil is that good men do nothing. e.g. subprime crisis in USA because banks were run by idiots. Indian banking sector is immune from such shocks because by and large the officials are diligent in their work.
  6. In way this is just like politics- if good men stop coming then idiots will get in charge and ruin everything.
  7. Same way, if good folks don’t join public sector banks and since private banks not interested in serving rural areas= poor people will keep suffering at the hands of evil money lenders, no rural growth, severe problem related with urban migration and abject poverty.

AGE:

  • Job seekers minimum age limit is 20 years and maximum age limit is 28 years.
  • Relaxation in age will be given as per the norms set by the organization
S.No.
NAME
AGE
EXAM
1 ICICI BANK PO <25 JULY,2016 NOT ANNOUNCED, Expected in 2016
2 BOB BANK PO <25
3 SBI CLERK <28
4 SBI ASSOCIATE <28
5 IBPS BANK PO 20-30
6 IBPS BANK CLERK 20-28
7 IBPS SPECILITY OFFICERS 20-30

20-35

8 RBI GRADE ‘B’ <30 Sept-Oct Generally
9 RBI CLERK <28
10 IBPS RRB SCALE-I 18-30
11 IBPS RRB CLERK 18-28
12 IBPS RRB SP.OFFICERS ……….

PO Exam Date for year 2016:

1. IBPS PO/MT Main Exam Pattern:

Name of the organization Institute of Banking Personnel Selection
Name of Posts PO/MT
Last date to apply Publish soon
Prelims exam date Main exam date
16.10.2016, 22.10.2016 & 23.10.2016 20.11.2016

Exam Pattern:

1. IBPS PO/MT Preliminary Exam Pattern:

Subject Total Question Marks
English language 30 30
Numerical Ability 35 35
Reasoning Ability 35 35
Total 100 100

1. IBPS PO/MT Main Exam Pattern

Subject Total Question Marks
Reasoning 40 40
English language 40 40
Quantitative Aptitude 40 40
General Awareness 40 40
Computer Knowledge 40 40
Total 200 200
  1. Certified Degree from recognized university.
  2. For Specialist officers, PG/experienced needed.
  3. Computer knowledge (basic) for clerical post.

Basic Requirements:-

Preparations:-

  1. English
  2. General Mental Ability
  3. Reasoning (Logical)
  4. General Awareness (current affairs)
  5. General Knowledge

In General Awareness

  • Thrust is given upon banking knowledge and economy section.

Please Note:-

  • Most PO Exam have become online
  • 120 minutes is the maximum time allotted to every exam
  • Depending on the number of sections, marks are accordingly allotted to every section. Total marks in any exam may vary from 200 to 250.
  • Most exam have 4 sections GA, GR, GMA, EL. Certain clerical exam may also include computers.
  • Specialist officer’s exam will have a separate section on subject’s specialization.
  • A 200 marks paper may have 40*5 sections (OR) 50*4 sections.
  • SBI+RBI exam will have Preliminary, Mains & interview. Mains exam may include both Objective & Subjective questions.
GA General Awareness
GR General Reasoning
GMA General Mental Ability
EL English Language