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Bank PO Exams:
Banking sector in India has always been one of the most preferred avenues of employment.
In the current decade, this has emerged as a resurgent sector in the Indian economy.
A Probationary Officer’s post is the point of entry to the coveted managerial positions
in the banking industry. Probationary Officers are recruited by banks to work in
supervisory and managerial capacities. After their probation period, they usually
work as Assistant Branch Managers or Branch Managers, or as Assistant Managers in
different departments of banks. They are groomed to handle general management in
banks and hence, have responsibilities in every aspect of retail banking. They are
endowed with the legal capacity to agree to and sign documents on behalf
of their banks. They are responsible for proper accounting and for effective
maintenance of records. They are given the authority and responsibility to approve
loans, to bring potential customers to the bank and to meet revenue targets of the
bank. In short, bank officers are the representatives of their banks in all their
dealings with customers, the regulators, the government, etc. It is their varied
experience over a period of time that helps them rise to the highest level of management
in their banks.
Salary & Perquisites
Public Sector Banks provide a uniform pay-scale for Probationary Officers which
is - Rs.10000 – 470/6-12820-500/3-14320-560/7-18240.This pay-scale is being considered,
by the government, for an upward revision. As per S.B.I’s notification, a P.O. starts
on a monthly salary of Rs. 16,850/- in metropolitan centers.
Probationary Officers are placed in the Junior Management Grade Scale I (JMGS-I)
of their banks and they receive liberal allowances and perquisites as per the rules
of the respective banks. These allowances and perquisites normally include Dearness
Allowance, House Rent Allowance, City Compensatory Allowance, Medical Aid, Hospitalization
expenses, Leave Travel Concession, Conveyance, Pension, Quarters Facility (in lieu
of HRA), Furniture, low interest employee loans, etc.
Private Sector Banks like ICICI place their P.Os, after training, as Assistant Managers
at a gross salary of more than Rs. 3.5 Lakhs per annum.
Eligibility criteria for Bank P.O. Exams
A. Age
1. Candidates belonging to General (Unreserved) Category: Public sector banks normally
prescribe that the applicant’s age be not below 21 years and not above 30 years
as on the date mentioned in the notification.
2. Candidates belonging to Reserved Category: The upper age limit can be relaxed
for candidates in reserved categories, as per the guidelines of the government,
in the following manner:
SC/ST – 5 Years.
OBC - 3 years.
Ex-servicemen – 5 years.
PH - 10 years for VH/OH (Gen); 13 years for VH/OH (OBC) and 15 years for VH/OH (SC/
ST) candidates.
Note:
1. Some Public Sector Banks have also prescribed the upper age-limit as 28 years
for general category and have provided relaxation for reserved category candidates
as per rules.
2. Private sector banks prescribe different age-limit as per their own policies
(For example, ICICI Bank and Federal Bank had prescribed the upper age-limit to
be 25 and 26 years respectively).
3. Students must check the eligibility criteria of each bank separately before applying.
B. Educational Qualifications
1. The general eligibility for Bank P.O. exams is a degree in graduation or post-graduation
in any subject with 55% or 60% marks in the qualifying exam with a 5% relaxation
to candidates belonging to reserved categories.
2. However, each bank has its own set of educational qualifications for P.O. aspirants
which varies widely. Candidates must, therefore check the notification of each bank
to find about the eligibility criteria.
3. Only those candidates who have completed their degree can apply. Those studying
in the final year of the qualifying course are generally not eligible to apply unless
this is specifically mentioned in the notification.
4. Computer literacy is either an essential or a desirable qualification in all
Bank P.O. exams. Hence, every P.O. aspirant is expected to have a certificate or
diploma in computers from a recognized institute.
5. A Diploma in Banking & Finance from the Indian Institute of Banking
and Finance (IIBF) is also prescribed as a desirable qualification by some banks
besides the above entry level qualifications.
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Bank Clerical Exams:
Banks simplify people’s lives. Banking operations, however, are very complex in
nature. Every transaction, from cashing a cheque to extending a loan requires careful
record keeping. Bank clerks are experts, whether in roles as cashiers, account keepers
or salespersons of banks’ products, who ensure that banking business runs smoothly.
They deal with initial requests, such as opening a savings accounts or processing
loan applications, etc. They are well-equipped to answer any questions customers
may have about their banking requirements. Clerks work in various capacities. In
the cash department, they are examiners of notes and coins, and the ones who receive
and pay currency. In the accounts department they are responsible for opening and
closing of accounts, recording of interest, preparing monthly balance sheets, etc.
They record, file and maintain securities such stocks, bonds and other investment
certificates and keep track of dividend and interest accruing on them. In civilized
society today, rarely can persons can be found who are not helped by bank clerks
in their daily lives.
II. Salary & Perquisites
Public Sector Banks provide a uniform pay-scale of Rs. 4410 – 13,210 per month for
the clerical cadre. This pay-scale is due for an upward revision. The approximate
total emoluments at the start of the scale are approx. Rs. 7500 per month. In private
sector banks, like Federal Bank it is Rs.11,200 on cost to company (CTC) basis.
Bank clerks receive liberal allowances and perquisites as per the rules of the respective
banks. These allowances and perquisites normally include Dearness Allowance, House
Rent Allowance, City Compensatory Allowance, Medical Aid, Hospitalization expenses,
Leave Fare Concession, Conveyance, Pension (Retirement benefits), PF, Gratuity,
Low interest employee loans, etc. as per the bank’s rules.
III. Eligibility criteria for Bank Clerical Exams
A. Age – limit
Minimum Age: 18 Years
Maximum Age: 28 Years
Relaxation in Upper Age Limit for Reserved Category:
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Sl. No.
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Category
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Relaxation
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1.
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Scheduled Caste/ Scheduled Tribe Candidates
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5 years
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2.
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Other Backward Classes Candidates
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3 years
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3.
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Physically Challenged Candidates
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10 years
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4.
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Persons domiciled in Kashmir Division of Jammu & Kashmir State during the period
from 01.01.1980 to 31.12.1989
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5 years
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5.
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Ex-Servicemen(in addition to the actual period of service rendered in Defence Services
subject to max. age of 50 years)
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3 years
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6.
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Person affected by 1984 riots
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5 years
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7.
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Widows, Divorced Women & Women judicially separated from their husbands &
who are not remarried (subject to maximum age limit of 35 years for General, 38
years for OBC & 40 years for SC/ST candidates)
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9 years
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Notes:
1. The information given above is applicable to S.B.I. and other public sector banks.
2. Private Banks and Co-operative Sector Banks or some Public Sector Bank may prescribe
different age-eligibility for the clerical cadre posts.
3. Punjab National Bank has notified, in its 2009 recruitments, 20 and 25 years
as the minimum and maximum age, respectively, for the general category.
4. Students are advised to check the notification of each bank carefully and ensure
their eligibility before applying.
B. Educational Qualifications
1. General eligibility:
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12th / Intermediate with 60% marks, OR
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Graduation in any discipline from a recognized university.
Some banks e.g. Syndicate Bank and Punjab National Bank may require a graduation
degree as the minimum qualification to apply for bank clerk exams whereas some banks
may even prescribe class 10th or Matriculation with 60% marks.
2. Computer literacy is either essential or a desirable qualification in all bank
clerical exams. Hence, every bank job aspirant must possess a certificate or diploma
in computers from a recognized institute.
3. Candidates should know how to read, write and speak the official language of
the State/ Union Territory in which, he/ she desires to apply for the clerical exam.
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