After graduation the most famous and attractive career is in Banking for many youngsters. Many graduates dream for a job in bank as a probationary officer but many don’t know exactly what the job profile is or what the responsibility of the probationary officer is.
Even during bank interviews question is asked about the role of probationary officer but many cant reply.
For every single ad of bank probationary officer, lacs of graduates and post graduates apply for the post.
The number of ratio applying for the bank probationary officer has raised in all this years due to the facilities given to the probationary officer like good pay scale, holidays and other amenities.
Even the post of probationary officer in bank gives the candidate a prestige in the society and status of the banker in bank.
So here are the some helpful points for those dreaming for a job as a Probationary Officer.
A graduate from any recognized university with minimum 55% aggregate can apply for the post of probationary officer. The SC/ST & other reserved categories should have minimum 50 % aggregate.
The age of the candidate should be in between 20 to 30 years. The candidate should pass the written test, interview and group discussion taken by the Banking Service Recruitment Board.
Also the candidate should have basic computer knowledge and should be citizen of India.
Pay Scale & Benefits
After selection of the candidate there is two years probationary period, during this probation years banks decide about the final decision of the candidate.
During the probation period the basic pay scale is Rs 14500/- while State Bank of India is having staring basic pay as Rs 16900/-. Other than basic pay the probationary officer are eligible for Dearness Allowance (DA), House Rent Allowance (HRA) and Compensatory City Allowance (CCA).
They also get perquisites like Entertainment Allowance, Travelling Allowance, Newspaper Allowance, Conveyance, House & Furniture Maintenance etc.
The total salary for the probationary officer starts from Rs 30000. The salary and the perks may vary from bank to bank and may also vary in between cities and rural areas banks.
Probationary Officer is eligible for other benefits like Home Travel Concession / Leave Fare Concession, Medical facility for self and family, Concessional Interest Rate for personal, housing and car loans.
The promotion in banks for probationary officer is held after three to four years.
Job Profile of Probationary Officer
In this probation period the officers gain the knowledge about the loans, forex operations, merchant banking, foreign exchange, risk management, treasury, current accounts and savings etc.
The day to day probationary officer has to deal with cash, bill collection, loan processing, completion of routine bank work, cheques selection, marketing bank products etc.
Till the probation period the probationary officer has to do all the things related to the banking or which are assigned by his/ her senior officer.
During the probation period the probationary officer has to work sincerely otherwise the bank has the right to terminate the officer anytime. After probationary period they are transferred to other branch across the country or any administrative office.
To get further promotion from the post of Probationary Officer one can give the exam of Certified Associates of India Institute of Bankers (CAIIB) examination.
A probationary officer has future chances of becoming General Manager, Executive Director or Chairman of the Bank depending upon their performance and experience.
So there is a good growth for a bank probationary officer.
All the banks have same type of exams for the post of Probationary Officer. There are two types of test one is Objective test and the other is Descriptive test.
In Objective test there is Quantitative aptitude, Reasoning, English (Vocabulary, Grammar, Comprehension etc.) & General Awareness sections. Also there is negative marking for each wrong answer.
So attempt only questions which you are confident. Solve earlier years question papers and try to find out the short methods to solve the questions with in short time.
In Objective test 200-250 questions are to be solved within two hours. For English section question follow the Basic English language book which has the fill-in-blanks, grammar, synonyms, antonyms, vocabulary etc.
For general awareness section read daily newspaper to get updates from worldwide. For Quantitative Aptitude & Reasoning prefer the basic maths book. Practice will make you perfect.
After clearing the exam you will be called for the interview and after successfully passing the interview you will be hired as a Probationary Officer.
Who conducts the exam?
Now almost 19 banks recruit the bank probationary officer through the IBPS (Institute of Banking Personnel Selection) PO exam. Visit official website of IBPS for more information. SBI recruitment for the probationary officer is done through their own PO exams.
To get the information about the new recruitment of the probationary officer read Employment Newspaper or other popular newspaper.