The banking sector is the major choice of the young graduates in the era. Thus, the sector comes with a number of vacancies. India is racing down the track with a vision of becoming the 5th largest economy, hence to keep up with this hundreds of new branches of Public as well as Privates sector banks will be set up in the upcoming year 2021. Though, Bank PO stands for Bank Probationary Officer. It is a managerial level post which is offered in different Public Sector as well as Private Sector Banks across India.
There is no doubt that a number of students appear in the Bank exams every year. Among those all, only a few are successful in clearing the examination. Here, the major reason behind the failure of the students is the lack of proper planning for the examination. It is important to have prior information about the syllabus of the exam. Coaching wale is such a learning app that will provide you with the study materials which are designed by the best and the top-ranking mentors of the regime.
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BANK PO Online Classes
Frequently Asked Questions (FAQ’s)
1. What is the Bank PO examination?
The full form of Bank PO Exam is the ‘Bank Probationary Officer Exam’. Bank PO is a Scale 1 officer position offered in various banks of the country. Scale 1 officer is a manager level personnel who is entitled to perform managerial tasks. The exam is conducted by various bodies like IBPS, SBI, IPPB etc. to select manager level employees for Banks. Institute of Banking Personnel Selection or IBPS organizes the PO exam to select candidates for this post in 20 Public Sector Banks in India. Other Public and Private Banks like SBI and IPPB also hold this exam for the recruitment of Probationary Officers in their respective banks.
2. As a Bank PO, how much I’m going to earn?
Bank POs is entitled for a handsome salary right from the starting of their careers. The Pay Scale is different depending on the bank you are working in. Let’s throw some light on the difference in pay scale of two most lucrative exams under Bank PO i.e. SBI PO and IBPS PO.
If you get recruited in any of the Banks under IBPS, the Final Bank PO Salary including HRA, DA, etc. goes up to Rs. 38,360 – 40,700/- initially. This payscale is entitled to increase as you grow in your career. Apart from the handsome salary, a Probationary Officer is also entitled to get other benefits like Medical Cover, Travel Allowance, Newspaper Allowance etc.
If you are recruited as an SBI PO, the Pay Scale is 23700-980/7-30560-1145/2-32850-1310/7-42020. The total compensation per annum is a minimum of ₹7.55 lakhs and a maximum of ₹12.93 lakhs depending on the place of posting and other factors. It can be estimated from above information that an entry-level PO at SBI could earn over ₹1 lakh a month in a city like Mumbai.
3. What are the on-job duties of a Bank PO?
The job description or job profile of a Probationary Officer (PO) in a bank consists of a number of duties. Some of these duties can be listed as follows:
The Bank PO will be responsible for handling public relations, customer’s complaints, and most other issues in regard to customer satisfaction.
He or she will be responsible for managerial work such as supervising the clerical staff of the branch office.
A Bank PO will also have to manage the cash flow, loans, finances, and mortgages.
He or she will be responsible for taking care of the documents related to loans as well (if required).
4. Can a B.Tech student apply for the Bank PO examination?
Yes, any graduate student belonging to any education stream is eligible to appear for the IBPS PO exam.
5. Is it necessary to have 60% marks in the graduation to appear in the IBPS PO examination?
No, it is not important to have 60% marks in graduation to appear for the examination. Hence, this rule also vary among varied banks as all banks have their different criteria. It is suggested that aspirant should have a prior check over the eligibility criteria of the specific examination.