How to become a Probationary Officer in a Bank ?
Bank Probationary Officer (Bank PO) – Job Profile, Career Scope, Recruitment, Salary
Probationary Officer is a very exciting career in the banking sector, apart from Management Trainee and Special Officer. Bank Jobs are quite popular these days. One such profile is the Bank Probationary Officer. Here we have discussed the complete Job profile of Bank PO and how to become one – from examination, recruitment to salary and other knowledgeable details.
All the activities or duties which may be assigned to a probationary officer are listed below:
General Banking: This is the very basic duties which need to be performed by the Probationary officer and includes maintenance of customer's current and savings accounts, issuing drafts, clearing and including cheques, accepting long-term deposits, issuing debentures and processing loans.
Housekeeping and Supervisory Functions: Assigning duties to subordinates and checking the workflow of subordinates to make sure that the work is carried as per the rules and routine of the bank.
Other work: A PO can be assigned for handling any other banking tasks as well.
Recruitment Process in PSU Banks and Private Banks
Someone who is willing to work as a probationary officer needs to have at least 60% marks in graduation. The graduation can be done in any course. There is a relaxation of 5% in marks for candidates falling under exempt categories.
Every year all government, as well as private banks, announces the vacancies in PO job role and they mainly focus on recruiting young officers. Banks who have a major participation in the process are listed below:
- State Bank of India
- Allahabad Bank
- Bank of Baroda
- Punjab National Bank
- ICICI Bank
- Oriental Bank of Commerce
- Cooperative Bank
- Cooperation Bank
- HDFC Bank
- Syndicate Bank
SBI PO and IBPS PO are the main exams among all and both of them have a huge amount of vacancies and are eager to recruit young officers. However, both the exams are having their own examination pattern and selection criteria. IBPS conducts a common written examination test for hiring PO in different public sectors whereas State Bank of India conducts a separate examination for their recruitment process.
ICICI Bank PO -ICICI Bank invites ONLINE applications only from Indian Nationals for appointment of young professionals as Probationary Officer ICICI bank 2018 PO recruitment is announced by the ICICI Bank
AXIS Bank Young Bankers Program: Axis Bank announces the recruitment for new batches of Young Bankers Program (ABYB) , a yearly event much similar to PO recruitment in public sector banks
Basic Recruitment Process:
A. Written examination:
Time allowed: 2 hours
Objective test: 200 points
Syllabus of the written examination:
- English Language (grammar, vocabulary and comprehension)
- General awareness, computer and marketing.
- Data analysis and interpretation
- Reasoning (high level)
Test type: Descriptive
Time: 1 hour
This test comprises of 4 sections namely, comprehension, short précis, letter writing and easy writing.
B. Group discussion and Interview
Candidates who have successfully passed the previous tests are called for the GD and Personal interview. The GD consists of 20 score whereas the interview is of 30 marks.
C. Final Merit list
The final merit list is prepared based on the scores of all the previous examinations and is converted in to 75-point scale.
Also see – Bank PO Exam
How to Prepare for Probationary Officer Examination?
Though the questions asked in the written examination are not very hard, the paper consists of many numerous questions. Applicants need to be a pro at managing their time and should be able to attain as many questions as possible to achieve high marks within the given time.
As banks tend to have similar kind of questions it is very necessary to understand the pattern of the question of the previous year.
Sources like The Hindustan Times, Times of India and Business Line will help in improving the grasp of the English language as well as will increase your IQ.
To crack the examination it is very necessary to have to logical and reasoning capability and one must practice end number of papers.
Employees working as Probationary Officer receive around Rs 30,000 per month and in addition they also get PF contribution which amounts to Rs 4000-5000. However, the salary and the benefits provided to the employee depends upon the job location, for instance, people working in Mumbai get a salary around Rs 29,500. Apart from the salary, employees also get the free medical facility to the employee and three-fourth amount of the medical expense for any family member of the employee. Which attracts many people to work as a PO is the low-interest rate on loans.
Author: Simli Chatterjee