Bank PO Exam: Salary, Syllabus & Eligibility, Bank PO Full Form

A PO, or Probationary Officer, is basically an Assistant Manager in Scale I at a bank. A Junior Manager on the Grade I scale, he is also known as a Scale I Officer. After completing the selection criteria, a probationary officer must complete an intensive training program at Institute of Banking Management. A PO’s probation period can last up to 2 years. Again, this varies from bank to bank.

Role of a Bank PO

The candidates for this position are young officers just graduating, so they possess a lot of enthusiasm. The bank assigns them some very serious responsibilities because they are hardworking and eager to learn.

The PO is trained in multiple verticals, such as investment, finance, billing and accounting. During the probation period, a PO is familiarized with all aspects of bank operations. They are then given responsibilities and job opportunities in these areas.

The bank’s main goal is to provide the best service possible to its customers. The PO must ensure that the bank’s business continues to grow by taking care of customers by dealing with customer complaints and resolving customer issues like discrepancies in accounts or rectification of unpaid charges.

Once they become comfortable with the bank’s norms, they can be given more serious responsibilities like planning, budgeting and investment management.

Bank PO Exam

Bank PO exams are conducted every year by both the government and private banks to hire young officers. Below are the major banks that participate in this process:

* 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

Bank PO Full Formula

The Full form of Bank PO: Bank Probationary Officer. This is a managerial post in several Public Sector Banks of India. It carries the title of Assistant Manager in any Public Sector Bank.

They both have the SBI PO exam, and the IBPSPO exam. Both banks have many vacancies and are always looking for new officers. Keep in mind that each bank has its own selection criteria and a different set of papers. IBPS conducts a common written test for the hiring of Probationary officers (PO) in various public sector banks (PSU). State Bank of India conducts a separate exam to hire Probationary officers (PO).

Bank PO Syllabus & Exam Pattern

Recruitment generally takes place in three phases. The first two phases are the written tests, which are mains and preliminary exams. The interview is the third phase. The interview round is open to candidates who have been selected in the first two rounds. A merit list is created based on each candidate’s performance after they have been selected for the interview round. The PO post is awarded to those who have made it to the final round.

The syllabus for Bank PO exam is intended to evaluate the candidate’s aptitude and general knowledge. The preliminary paper can be divided into three sections: Quantitative aptitude, Reasoning, and Verbal ability. The mains paper contains five sections: General Awareness, Computer Knowledge and Quantitative Aptitude. Reasoning and Verbal Ability are also included. Again, this pattern varies from one bank to the next.

Bank PO Salary

Banks pay very handsomely to their probationary officers. Basic pay for a probationary officer is SBI PO Rs 23,700. Officers are eligible for Dearness Allowance, House Rent Allowance, CCA, and special allowance in addition to their basic salary. Accordingly, the total salary is Rs 40,239 per month.

The average salary for POs at almost all banks is the same. There might be slight differences between banks.

Bank PO Eligibility

* It is necessary to verify the eligibility criteria before applying for this position. Bank PO exam candidates must be between 21 and 30 years old. Candidates from SC and ST are eligible for a 5 year age relaxation. OBC candidates get a 3 year relaxation. Age relaxation is also granted to ex-servicemen and candidates who hold Jammu and Kashmir contingent.

* Other than this, the minimum educational qualifications of the candidate must include a degree from a recognized University.

* Candidates must not have any criminal records. Candidates who are found guilty of a crime will likely lose their candidacy.

Preparation of Bank PO

A proper preparation is essential to pass this prestigious exam. Either you can prepare yourself or hire a coach to help you. You can also prepare for bank PO exams by purchasing e-books and Test Series.

Access Adda247 ebooks and Online Mock Test Series can be found here.

For a better understanding of your abilities and to help you prepare for your future, enroll in Career Power classroom programs.

Bank PO Career Growth

This field is experiencing rapid growth. Within 3-5 years of service, you can be promoted to Grade II officer. To be promoted to a higher rank, the POs must pass a written exam and interview process. You can easily move to Manager, Assistant General Manager, or General Manager.

Bank PO Recruitment 2020

Every year, the IBPS (Institute of Banking Personnel Selection) conducts the IBPSPO to hire bank officers in India. The preliminary exam is now available.IBPS PO will be held on the 3rd, 4th and 10th of October 2020. The mains exam will be held on November 28th 2020 for the selected candidates.

We can see that Bank PO is an attractive career choice for young people who want to make a career in the Banking sector.

All the best! All the Best!

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