Bank PO Exam 2019
Who is a Bank PO?
A Bank PO is an Assistant Manager of Scale I in any of the Public Sector Bank in India. A Probationary Officer is a Junior Manager of Grade I. A lucrative career option and a white collar job, the position of Bank PO is considered to be a highly dignified position in India. The candidate selected after Bank PO Exam undergoes a probation period of 2 years during which he is trained on all domains required for smooth working of a Bank. The position of Bank PO is full of responsibilities and the selected candidate is expected to fulfill all those roles ensuring satisfaction of all the Bank’s customers.
What is a Bank PO’s Role?
- During the probation period, a PO is trained in finance, accounting, marketing, billing as well as investment.
- After successful completion of the probation period, a PO is posted in any bank branch in the country as an Assistant Bank Manager. His primary work is to handle customer transactions, mainly passing a cheque, draft issuance, cash management etc.
- A Bank PO has to increase the bank business by managing cash flow, loans and mortgages and finances.
- He has to work as a Public Relations Officer, handle customer complaints and address various customer related issues such as discrepancies in accounts, rectification of undue charges etc.
- A Bank PO also has to perform functions such as planning, budgeting, marketing, loan processing and approval, investment management etc.
- A PO has to verify all the work done by a Bank Clerk. All the transactions of bank involve the role of Bank Clerk (maker) and Bank PO (checker).
- A bank PO issues ATM cards, cheque books, Demand Drafts etc.
There are numerous other responsibilities a Bank PO is vested upon after he takes up the position of Assistant Manager in a Bank.
Bank PO Exam
Every year all the Government and Public Sector Banks conduct Bank PO exams to recruit young officers. The Banks participating in this process are:
- 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
SBI PO exam and the IBPS PO exam are the two major exams conducted every year to select Probationary Officers for all the participating Banks. A large number of vacancies are created through these two exams. The main thing to keep in mind is that every bank has its own selection criteria and their own set of papers.
Know more about SBI PO 2019 Exam
Know more about IBPS PO 2019 Exam
What is Bank PO Salary?
The Probationary Officers are paid quite handsomely by the Banks. The basic pay of a SBI PO is Rs23,700/-. In addition to this basic pay, the officers are also eligible for Dearness Allowance (DA), House Rent Allowance (HRA), CCA, special allowance etc. The total salary thus amounts to Rs. 40,239/- per month.
The salary is almost same for the post of POs in almost all the banks. A little variation can be noticed in the salary in accordance with the location an officer is posted in.
Bank PO Recruitment 2019
The SBI PO exam will be conducted on 8th, 9th, 15th & 16th June 2019. The Mains Exam will of SBI PO 2019 will be conducted on 20th July 2019. IBPS conducts IBPS PO every year to hire probationary officers for multiple banks in India. This year the preliminary exam for IBPS PO is scheduled on 13th, 14th, 20th and 21st October 2018. The selected candidates can give the mains exam scheduled on 18th of November, 2018.
Bank PO Eligibility
Before applying for the post of Bank PO, it is mandatory for a candidate to check the eligibility criteria for this examination.
- A candidate is required to be of 21-30 years of age while applying for Bank PO exam. Age relaxation of 5 years is given to candidates belonging to SC and ST. the candidates belonging to OBC categories are given an age relaxation of 3 years. The ex-servicemen and the candidates holding Jammu and Kashmir quota are also given an age relaxation of 5 years.
- The minimum educational qualificationrequired is that of a graduate from a designated University in any field with Mathematics as the subject opted in Class 12th.
- A candidate must also not hold any criminal record while applying for the post of PO. If he/she is found guilty, their candidature is likely to get cancelled.
- The candidate must also not have any pending loan repaymentto any Bank while applying for this post.
Know about IBPS PO Eligibility
What is Bank PO syllabus?
Bank PO Recruitment is done in generally three steps. The first two phases Preliminary Exam and Mains Exam are Online Multiple Choice Question type test. The third step is the interview process. Candidates selected after the first two rounds are eligible for the interview round. After getting selected in these three rounds a merit list is generated based on the candidate’s performance in the Interview Process.
syllabus of Bank PO exam is designed to assess the candidate’s aptitude as well as his general awareness on all Banking and Financial Matters. The preliminary paper is divided into three sections- Quantitative Aptitude, Reasoning and Verbal Ability. The mains paper contain five sections: General Awareness, Computer Knowledge, Quantitative Aptitude, Reasoning and Verbal Ability.
Bank PO preparation
The preparation of Bank PO exam must be done judiciously keeping in mind the latest pattern and the syllabus of the exam. Since the syllabus covers a large number of topics, it is necessary for the candidates to choose the right set of books to prepare for their examination.
Know more about IBPS PO Mock Test Series
Know more about SBI PO Mock Test Series
Candidates must also go through previous years’ Bank PO question papers in order to acclimatize to the change in pattern of the exam and to know the sections from which the questions are majorly asked in the exam. Apart from test series you can also join any Coaching or online test series for self-assessment and better exam preparation.
Know more about IBPS PO Preparation Strategies
Future Prospect
The growth in this field is quite fast. You can jump to Grade II officer within 3-5 years of your service. The Bank PO is required to give few written examination and go through an interview process to get promoted to a higher designation. One can easily switch to the position of Manager, Assistant General Manager, General Manager etc.