Bank probationary officer is considered as a remunerative job-profile. The designation of a bank PO is proposed by public sector banks. Candidates who aspire to become a PO in any public bank have to clear a banking exam. Aspirants who are aiming to crack the bank PO exam have to pass three rounds namely: prelims exam, mains exam, and personal interview. There are mainly two bodies that conduct Bank PO exams i.e. SBI and IBPS. Comparatively IBPS exams are easier than SBI exams. Every year millions of aspirants apply for the IBPS PO exam as it is easy to crack and secure a reputed job-profile.
There are uncountable aspirants who apply for the IBPS bank PO exam. Millions of students start preparing for this exam during their graduation with the aim to crack the exam in a single stroke. The aspirants who want to be selected as probationary officers need to crack the exam. To get first-class training while preparing, candidates can join any leading institute for the Best Banking Coaching in Delhi. This is one of the most lucrative vocations. Candidates aim at seeking a career in bank PO because of handsome salary and various amenities.
There is a list of aspects stated below elucidating the career growth of a bank PO:
Hierarchy of a bank
Graduated individuals who crack the IBPS bank PO exam are selected for probation of two years. This probation period helps them get knowledge of the banking sector. During this duration officers get training regarding the work they have to do in the bank. Probationary officers are supposed to do clerical work like dealing with cash transactions and handling customer grievances as well. The officers are believed to have good communication skills and the ability to resolve conflicts in the most efficient manner.
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Career progression chart
Work performance and potential are the key ingredients for growth in the public banking sector. The career growth chart for the probationary officer is given hereunder :
- Grade-scale I officer: Bank PO
- Grade-scale II officer: Assistant manager
- Grade-scale III officer: brand manager
- Grade-scale IV officer: chief manager
- Grade-scale V officer: Assistant general manager
- Grade-scale VI officer: Deputy general manager
- Grade-scale VII officer: Chief general manager
- Grade-scale VIII officer: general manager
To reach the position of general manager a probationary officer has to work for at least 14 years in any public bank. Many public sector banks have link-up with banks abroad which allows a probationary officer to work there. Moreover, transferability in the banking job will offer you the chance of visiting different states of the country.
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Responsibilities of a Bank PO
After getting selected as a Bank PO, it is important to understand the role and responsibilities concerning this designation. If candidates are oblivious to the roles and responsibilities of a bank PO, they can refer to the points mentioned below:
Handling cash transactions
The public banks have clerical staff to handle cash transactions. A probationary officer is accustomed to handling cash transactions due to the increasing burden on clerical staff. For doing this a probationary officer will get proper training for using transaction software. An officer will perform the functions of cash disbursal, loading the ATM machines, and collecting from cashiers.
Providing customer service
A probationary officer is made skilled enough during his/her training hours to handle customer queries. It is the responsibility of a Bank PO to solve the grievances of customers. Along with this customers will be served with the latest information on banking through a probationary officer.
Bringing new business
The public sector banks do not hire any sales executive or marketing executive. The responsibility regarding promoting the banking products comes on the shoulder of a bank PO. Products and services like fixed deposits, mutual funds, insurance policies, credit cards, etc are to be promoted by the officers.
Clearance of payments
Any discrepancy which is related to the customer account will be managed by a probationary officer. Any DD/NEFT/RTGS exceeding a certain limit needs to be authorized and cleared by a person of the officer grade.
Salary and working conditions
The basic pay for IBPS PO is around Rs 24,000. There are various incentives added to this salary. This includes Dearness allowance, house-rent allowance, City compensation allowance, and special allowance. The overall salary can be counted as around Rs 30,000-35,000.
The working condition for a Bank PO is based on the type of bank he/she has joined. The hours of working will be the same as others but would be more during the end of a year.
Conclusion
IBPS PO is a white-collar job, promising a flourishing career and handsome salary. Those who are aiming to work on this designation have to pass the entrance exam. Candidates need to enhance their competence due to an increase in the difficulty level of the exam. Anyone who is aiming to clear the exam in one fell swoop exam can join the most prestigious institute for IBPS PO Coaching in Delhi. The above-written points are helpful in providing guidance to candidates who have put their sights to become bank PO.
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