Divya Jindal

Probationary officer

by Divya Jindal
3 answers
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3 answers

RE: Probationary officer

Dr. Anand Wadadekar, PhD
Dr. Anand Wadadekar, PhD
Verified Career Expert
Founder & CEO: Discovering Careers India
  • pune

Dear Aspirant,

Probationary Officers (PO) are required by Public sector banks in India.

IBPS - Institute of Banking Personnel Selection conducts exams for PO, Clerks, Specialist Officers.

Minimum eligibility is Bachelors Degree. For State Bank of India PO, min. eligibility is Masters degree.

- Dr. Anand Wadadekar

RE: Probationary officer

Prathamesh Kapote
Prathamesh Kapote
Verified Career Expert
Founder And Director At Canvas Career
  • Nasik

Hello Divya,
Welcome to careerguide.com
Thanks for visiting us and writing us your career query.

Your question is not clear what exactly you want to ask related to Probationary Officer.I am assuming that you need to know how we can go for the probationary officer.

Banking sector is one of the booming sector in India with the great change of the Banking system especially in India.Earlier banking was confined to only finance ,maintaining various accounts of the customers and loans. With the change and development in various field.Banking sector has been demanded to provide and serve in various other services related to banking viz.Demat Accounts, Internet Banking,Mobile Banking etc. services are expected to be provided by the Banks. In order to provide customers with the same they need a skilled Human Resource for the smooth functioning of these services.

Earlier Banks used to conduct the Bank Exams independently as per their requirement.The eligibility criteria in order to appear for these exams was 12th pass from any stream for the Clerk Designation and for Probationary Officer (PO) the person was needed to have completed Graduation Degree.

But now all the exams of Government Banks are held by the Institute of Personnel Banking Section for both the posts Clerk and PO and other special exams,RRB etc.. So as you have been aspiring to become PO in government bank you need to have completed your graduation degree from any stream and you need to apply for the IBPS - Probationary Officer (PO) exam.

You can visit the following link for notifications to openings,eligibility criteria(Age and Education ) etc.

You should the preparation for these exams right away from your either second year or last year of graduation .

I hope you find this answer relevant to your career query.

Feel free to get in touch again.
Wish you Good Luck for your bright career in Banking Sector.

Thank You
Warm Regards,
Prathamesh K.

RE: Probationary officer

Apurva Kumar Pandya, PhD
Apurva Kumar Pandya, PhD
Verified Career Expert
Consulting Psychologist
  • Delhi

Dear Divya,

Thanks for writing to us. It seems you want to know about POs. My colleagues have answered your query. I assume that you want know scope of PO job, and scope for career growth. Below is my reflections to your query.

Banks in India are not only strong but are also growing fast. According to studies, banking sector is one of the fastest growing sectors in the country. This growth has brought many opportunities in private as well public bank sector. Public banks is one of the best service sector in India. It offers:
-job security
-competitive compensation
-conducive work environment
-opportunities for promotion
-growth opportunities within banking sector

Job Profile of a Bank Probationary officer
PO is entry level position in public sector bank. POs usually enjoy good respect and prestige in Indian society. POs are directly recruited officers in the banks who are initially recruited for 2 years period. Usually they are initially given training, which ranges from few weeks to one year. After the training, they are placed either in a branch or administrative office. The job basically involves supervision of the clerical works, evaluating loan, process cheques, and implementing better services to increase banks business. However, bank POs are expected to possess excellent communication skills and the ability to resolve conflicts in a cool and calm manner.

Public banks now offer competitive compensation. The revised salary as on 1st June 2015 will be as per Scale I : 23700 -(980 x 7 ) -30560 -(1145 x 2 ) -32850 -(1310 x 7) -42020

The figures in the brackets indicate the annual increment and the number of stages for which the same is applicable. In addition to Basic Pay, Probationary officers are eligible for the following allowances :-
(a) Dearness Allowance (DA) : The new revised current DA (for the month of May 2015, June 2015 and
July 2015 is 33.70% of the Basic Pay).
(b) Special Allowance : This has been added in 10th BPS (wef 01/11/2012) and for scale I is 7.75% on
which DA is also payable
(c) HRA : This depends on the place of posting and it can be either 9.0% or 8.0% or 7.0% depending on
the place of posting.
(d) CCA : This also depends on the place of posting and can be either 4% (maximum Rs.870/-) or 3%
(Maximum Rs.600/-) or 0%

Other allowances like travel allowance, medical allowance, entertainment allowances, canteen subsidy, newspaper reimbursement. These allowances vary from bank to bank and place of posting (rural / semi urban / metro). Thus, CTC will vary from bank to bank and place of posting.

Scope of promotion
After two years of probationary period or training, one usually gets the post of Assistant Manager on joining a branch. After 2-3 years, you can appear for departmental exams for higher positions ( scale-II or scale-III positions) in nationalized. Promotion depends up on following:
Place of work ( rural, semi urban, urban) rural postings have little more chances of promotion
Your work (professionalism, quick learning, reduce mistakes)
Your image amongst seniors
Performance in departmental exams

Career progression in Public Sector Banks
Junior Management Grade - Scale I: Officer
Middle Management Grade - Scale II: Manager
Middle Management Grade - Scale III: Senior Manager
Senior Management Grade - Scale IV: Chief Manager
Senior Management Grade Scale V: Assistant General Manager
Top Management Grade Scale VI: Deputy General Manager
Top Management Grade Scale VII: General Manager

Career growth
The career growth prospect of a bank PO is very high as compared to other government jobs. Based on your skills and performances, you can quickly get high level posts within your branch or other branches or other nationalized banks. With masters degree,there is huge opportunities to get higher position in private sector banks as well. Post-graduation will definitely add value to current work experience. There are higher possibilities to get attractive package after two years of work experience after post-graduation.
I would recommend to take up relevant correspondence course during job. Courses for professional Development are MBA (Finance or Banking); MSc (Acturial Sciences) and courses offered by ICAI in Banking/Accountancy. Following is the link: http://www.icai.org/new_post.html?post_id=3581

Summary and Recommendation: Public sector banks offer competitive compensation with the recent wage revision. The housing and medical facilities are also considered to be attractive in the sector. The work environment in public sector banks are good compared to other Government jobs. In all, public sector bank job is secure. PO is entry level position with fair chance of promotion and career growth opportunities compared to other Government jobs. I recommend to take up banking sector as a career through PO route.

Hope I have answered your query. If you still have a query then feel free to write back.

Best wishes for bright career in public sector banks,
Apurva Kumar Pandya, PhD

RE: Probationary officer

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