All About Bank PO

7/25/2019 All About Bank PO

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Probationary Officer or more popularly known as PO, is an entry level job for

graduates with no experience in the banking sector. As the term includes the term

Probationary, the selected candidate is on probation for a period of 2 years, during

which, he/she reports directly to the senior officer who closely monitors and evaluates

the candidates performance. It is imperative that the candidate should keep a good

conduct, at all times, during this period of 2 years.

A candidate selected to work as a BANK PO, must be ready to work in different work

areas, as he/she will be made to work, during this period of two years, in various

departments within that bank. So, ability to adaptand good communication

skillsare two most important skills a candidate must possess to work as a BANK PO

and then progress upwards in his/her career.


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After hearing from couple of people, we also make our mind to sit in IBPS PO exam,

without knowing exactly what this post would be, what roles and responsibilities itdemands and what would be the pay package and career growth!

First of all, a bank probationary officer (PO) post is the entry-level positionat

which a bank officer starts work after posting. Typically, a bank PO undergoes a 2

year probation period or training. After completion of Probation period Bank P.O.

has given post of Assistant Manager, there is also a provision of a confirmation test

and promotion immediately after two years.


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Responsibilities of POinvolves General Banking, Administrative Task, and any

other task bestowed by the bank time to time. The major responsibilities are listed

below:

During the probation period, PO can be asked to perform any kind of bank

related activity; it can be the clerk or assistant type of job. This is done to get

them acquainted with various working procedures of the bank.

During the probation period they are trained for having the practical

knowledge in finance, accounting, marketing, billing as well as investment.

This is done by entrusting them with jobs of various categories, viz. any of the

routine works such as scrolling, posting, account preparation etc.

After successful completion of the probation period, PO is posted in any bank

branch as an Assistant Bank Manager to handle works on daily customer

transactions, viz. passing a cheque, draft issuance, cash management etc.

PO has to work towards increasing the bank business viz. managing cash flow,

loans and mortgages and finances.

Another responsibility of PO is to work as public relations officer, handle

customer complaints and address various customer related issues such as

discrepancies in accounts, rectification of undue charges and look into

complaints regarding services provided by the bank.

Once PO gets acclimatized to the bank environment and gain enough

experience on bank's working procedures, based on their personal skills and

aptitude, he/she can be assigned more responsible work viz. planning,

budgeting, marketing, loan processing and approval, investment management

etc.

The work of a bank PO also includes managerial tasks, such as supervision of

clerical work, taking decisions for the benefit of the bank, managing cash

balance etc.

PO has to verify all the work done by bank clerk. For example, in cash

transactions, if clerk is the maker, then the PO is the checker; in case of loans,

generally he/she is the maker and bank manager is the checker. The

responsibility of losses resides with the checker.

PO takes care of the loan related documents and performs on site visit of the

loan taking parties as and when required.

A bank PO issues ATM cards, chequebooks, Demand Drafts etc.

It is anticipated that a PO should be aware of all the latest developments of the

bank. They are required to read all the circulars and should know about all the

decisions taken by the bank management.

Looking at the above points, it becomes evident that a candidate aspiring to become a

BANK PO, must be ready to go that extra mile to learn various skills, from IT to

marketing, finance to human resource management, public dealing to accounting etc.

In short, an ideal BANK PO candidate is the one who is:


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1.

a quick learner

2.

adapts fast

3. communicates well

4.

has good people skills


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A newly selected Probationary officer is paid according to SCALE I salary which hasthe following structure:

Basic Pay: The basic pay for PO is same irrespective of the city of

appointment. It isINR 23,700.

Dearness Allowance (DA): As per the latest CPI released by the government

the DA amount is INR 8605.88.

HRA: This is paid @ 9.0% or 8.0% or 7.0% depending on the place of

posting.

CCA: This is paid @ 4%, 3% or 0% depending on the place of posting.

Special Allowance: For scale I it is paid @ rate of 7.75%

Perquisites (Conveyance, Newspapers, Entertainment allowance, House &

Furniture Maintenance etc. 4,130)

Leased accommodation up to Rs 29500, this is provided in lieu of HRA.


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Age Limit:Under IBPS Eligibility Criteria for PO 2016, candidates must have age

between 20-30 years.

S.No. Category Age

relaxation

1 Scheduled Caste/Scheduled Tribe 5 years

2 Other Backward Classes (Non-Creamy Layer) 3 years

3 Persons With Disabilities 10 years

4 Ex-Servicemen, Commissioned Officers including

Emergency Commissioned Officers (ECOs)/Short Service

Commissioned Officers (SSCOs) who have rendered at least

5 years military service and have been released on

completion of assignment (including those whose

assignment is due to be completed within the stipulated

time) otherwise than by way of dismissal or discharge on

account of misconduct or inefficiency or physical disability

attributable to military service or invalidment

5 years

5 Persons ordinarily domiciled in the Kashmir Division of the

State of Jammu & Kashmir during the period 01.01.1980 to

31.12.1989

5 years

6 Persons affected by 1984 riots 5 years

Education Qualification: Under IBPS PO Recruitment Eligibility Criteria 2015

Candidates must have completed their Graduation Degree from any recognized

university or institution. Participants also required their mark sheet numbers while

they submit IBPS PO online form 2016.

Nationality / Citizenship:Participants must be either:

Citizen of Indian

Citizen of Nepal


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Citizen of Bhutan

A Tibetan refugee

Migrated Peoples from Pakistan, Burma, Sri Lanka, East African countries of

Kenya, Uganda, the United Republic of Tanzania (formerly Tanganyika and

Zanzibar), Zambia, Malawi, Zaire, Ethiopia and Vietnam with the intention of

permanently settling in India.


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Quantitative Aptitude in IBPS PO consists of 50 questions and the weightage oftopics analyzed during previous years is given below:

Name of Section No. of questions asked

Data Interpretation (Table type) 5-7

Data Interpretation (Graph type) 5-7

Data Interpretation (Pie-chart type) 4-6

Data Interpretation (Paragraph based) 4-6

Data sufficiency 4-6

Comparison of Variables 4-6

Series continuation/Odd-one out 4-6

Simple and Compound Interest/Profit -loss 2-3

Percentages/ Mixture and Allegations 2-3Work and Time 1-2

Speed, Time and Distance 1-2

Mensuration/Geometry 1-2

English Language in IBPS PO consists of 40 questions and the weightage of topics

analyzed during previous years is given below:

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Computer Knowledge under IBPS PO consists of 20 questions and the weightage of

topics analyzed during previous years is given below:

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There are few habits that are common among all students who are successful in IBPSBANK PO exams:-

It is possible to prepare for BANK PO exams within 3 months, but for those who have

a strong hold on English language. Those who dont feel comfortable in reading long

newspaper editorials will face difficulty in cracking banking exams.

If you are failing again and again in numerous competitive exams then you are

following wrong books. The books you are following might not be preparing you for

a difficult paper or they are solving questions in a lengthy way. So follow these tips

given below to change your way of preparing.

Read newspaper daily, which will help you keep yourself updated for BANK

PO exam

Dont rely on coaching institutes BANK PO coaching. Join a good online

BANK PO course, which will save you time and money

Know what to read. Focus on major facts and figures rather than straying

away from the topic

Love newspapers! Read good newspapers daily. Some of the recommended

newspapers are, Hindu, Indian Express, Economic Times to name a few.

Be active on social media and blogs, as these will get you in touch with some

of the BEST teachers and students which will help you in achieving success inIBPS BANK PO exam.

Practice giving online tests.


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1. Keep in mind that you have very limited time to read, understand and solve

each question. Ideally this time is less than 1 minute. You should be able tospot the easy questions in the paper and attempt them first. By doing so, you

will have enough time at the end to tend to difficult questions.

2. If any question is taking a lot of time to be solved, skip it. Do not waste time

in such questions. Make a habit of moving on.

3. Be selective in choosing your time allocation to each section as per your

strengths in that section. If you are good in Quant and weak in English, then

do not waste time in English and devote more time in solving questions on

Quant.

4. Make sure you are clear about your strengths and weaknesses before you enter

the examination hall. Don't leave anything to luck or chance.

5.

Choose your initial questions wisely. Initially find questions those are free

from or have lesser calculations.

6. Do not rewrite the question on the rough sheet. This is time wastage. Use the

rough sheet only for calculations. In English section, do not waste time on

Vocabulary as in those questions you either know the answer or you don't.

You need to have time for attempting Reading Comprehensions.

7. In Reasoning section for DI questions, make sure you are comfortable in

approximation techniques and mental calculations.


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For some candidates, the aptitude section is very scary while there are others thatdont even remember that this is something that they have already studied during their

lower classes in school.

Most of the students would say that it is tough. But in actual it is not! It is actually

something that we do in our daily lives. Don't believe what we say? Well, aren't we all

using numbers, simple mathematical calculations like computing mileage of our car

or calculating interest on our investments etc.? And you would then say, YES! Now,

if we are so habitual of performing these day to day calculations with utmost ease

then why take aptitude section as something new?

Let's now discuss some rules to eliminate your fear for this section.

To begin with, let's look at 4 golden rules to make aptitude section your best friend.

1. Golden Rule 1: Start by memorizing very simple stuff, like Mathematical

Tables (preferably up to 30), Squares up to 50, Cubes up to 30, percentages

and their equivalent fractions. This will equip you with the basic tools to build

your strength in mastering aptitude section.

2. Golden Rule2: Always learn the Concept behind the topic before you

memorize the shortcut or the formula. The approach to understand the

concept, will always help you in case the examiner throws some twisted

questions.

3. Golden Rule 3: If a formula isn't getting you any results, try different methods

to get the result, like elimination, back substitution etc. This will save time and

make sure you don't get stuck in one question only!

4. Golden Rule 4: Make sure you practice as much as possible. This has no

substitute.


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Do you know, that English is the least prepared section by the candidates in IBPS

exams?

For that, make sure you pay great attention to the "Drills" mentioned below!

Drill 1: Newspaper reading -It will help you in building your vocabulary,

comprehension skills, in addition to the reinforcement of GK and General Awareness

skills.

To strengthen the above argument of reading newspapers, you will be surprised to

know that most of the comprehension passages appearing in the Bank exams are from

the top National Newspapers. Make sure you have a copy of "The Hindu" delivered to

your house daily!

Drill 2: Strengthen your vocabulary -Have you ever wondered that why do we feel

at a loss of words in some situations in daily life or if you are required to write an

essay type answer to a descriptive question? Don't worry, this is not some clinical

disorder, but a simple case of "lack of vocabulary building initiatives".

How to build your vocabulary? Follow Drill 1 mentioned above, listen to English

News channels like BBC, CNN etc. and read some good English books or magazines.

You can also make use of "Word Power Made Easy" byNorman Lewisto build

your vocabulary.

Apart from the above drills, make sure you are good at attempting the Comprehension

section in the exam. In the following paragraphs, I have mentioned some points to

remember on attempting theReading Comprehension.

While reading the paragraph, make sure to make short notes of the important

points.

Don't rush to read the paragraph, make sure you understand what is the

question. This will help you figure out the important points while reading.

Make sure, you read the paragraph patiently and at least twice.

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