Career in Banking Sector

Career in Banking Sector

Career in Banking

Banking industry is second to none in providing an attractive job opportunity. Be it job satisfaction, salaries and perks or time for family life, it provides a person with so many allurements that jobs in this sector are tempting. Moreover, banking industry has become an essential part of everybody’s life. We are becoming increasingly dependent on the banking system. The role of banking in the growth of economy as well as that of an individual can’t be denied. For this the continuous intake of specialized personnel becomes imperative.

Posts
Recruitment in banks takes place at different levels:

  • Probationary Officers
  • Clerical level
  • Specialist Officers
  • RBI Grade –B Officers

PROBATIONARY OFFICER
A Probationary Officer (PO) can reach up to the level of Chairman of a bank. You will be surprised to know that a number of heads of PSBs have started their career as a PO. Normally, the probation period is of two years in which the officer is exposed to different types of bank-related work. There are frequent transfers during the probation period. Once the probation period is over, the officer is appointed as an Assistant Manager and gets his or her permanent posting. Nowadays, some banks are placing officers as Deputy Managers also, provided they pass the test conducted by the bank. After confirmation, officers can be posted in specific areas of banking.

Eligibility Criteria

A Degree (Graduation) in any discipline from a University recognised by the Govt of India or any equivalent qualification recognized as such by the Central Govt. All the educational qualifications mentioned should be from a University/ Institution/Board recognised by Govt of India/ approved by Govt Regulatory Bodies.

Age Limit

The candidate must be between the age of 20 and 30 years. Reservations and age relaxation are according to the Govt notification.

Relaxation of Upper Age Limit

S. No. Category Age relaxation
1. Scheduled Caste/Scheduled Tribe 5 years
2. Other Backward Classes (Non-Creamy Layer) 3 years
3. Persons with Disabilities 10 years
4. Ex-Servicemen, Commissioned Officers including Emergency Commissioned Officers (ECOs)/ Short Service Commissioned Officers (SSCOs) who have rendered at least 5 years’ military service and have been released on completion of assignment (including those whose assignment is due to be completed within one year from the last date of receipt of application) otherwise than by way of dismissal or discharge on account of misconduct or inefficiency or physical disability attributable to military service or invalidment 5 years
5. Persons ordinarily domiciled in the state of Jammu & Kashmir during the period
1-1-80 to 31-12-89
5 years
6. Persons affected by 1984 riots 5 years

Structure of the Examinations

  1. Preliminary Examination
S. No. Name of Tests No. of Questions Maximum Marks Duration
1. English Language 30 30 Composite time of 1hour
2. Quantitative Aptitude 35 35
3. Reasoning Ability 35 35
  Total 100 100  
  1. Main Examination
S. No. Name of Tests No. of Questions Maximum Marks Duration
1. Reasoning 50 50  

Composite time of 2 hours

2. English Language 40 40
3. Quantitative Aptitude 50 50
4. General Awareness

(With Reference to Banking Industry)

40 40
5. Computer Knowledge 20 20  
  Total 200 200  

Selection Procedure

Each candidate will be required to obtain a minimum score in each test and also a minimum total score to be considered to be shortlisted for interview. Depending on the number of vacancies available, cutoffs will be decided and candidates will be shortlisted for interview. Prior to the completion of the interview process, scores obtained in the online examination will not be shared with the candidates shortlisted for interview. MARKS OBTAINED ONLY IN THE MAIN EXAMINATION WILL BE CONSIDERED FOR SHORTLISTING FOR INTERVIEW AND ALSO FOR FINAL MERIT LISTING.

Interview

Candidates who have been shortlisted in the main examination for CWE PO/MT will subsequently be called for an Interview to be conducted by the participating organisations and coordinated by the nodal bank in each State/UT with the help of the Institute for Banking Personnel Selection (IBPS) will be informed to the shortlisted candidates in the call letter. Candidates are required to download their interview call letters from the authorised IBPS website www.ibps.in. Please note that any request regarding change in date, centre etc of interview will not be entertained. However, the conducting agencies reserve the right to change the date/venue/time/centre etc of interview or hold supplementary process for particular date/session/venue/centre/set of candidates at its discretion, under unforeseen circumstances, if any. The total marks allotted for Interview are 100. The minimum qualifying marks in interview will not be less than 40% (35% for SC/ST/OBC/PWD candidates). The weightage (ratio) of CWE (Main exam) and interview will be 80 : 20. The combined final score of candidates shall be arrived at on the basis of scores obtained by the candidates in the Main Examination of CWE PO/MT-V and Interview. Interview score of the candidates failing to secure minimum qualifying marks or otherwise barred from the interview or further process shall not be disclosed. A candidate should qualify both in the CWE and interview and be sufficiently high in merit to be shortlisted for subsequent provisional allotment process, details of which will be made available subsequently on the IBPS website.

Emoluments

Following would be the new pay structure of newly joined Probationary Officers:

Components Amount (Per Month approx)
Basic Pay Rs 26,705 (Merged 60.15% of DA into current basic pay)
House Rent Allowance Rs 1,996.2 (7.475% of Basic Pay)
Dearness Allowance Rs 8,839.36 (33.1% of Basic Pay)
Total Rs 37,541
Cash in Hand Rs 33,986 (approx)

 

CLERK

A clerk is mostly a front staff in a bank. Depending on the requirement, clerks are placed at different counters of the banks, e.g. savings, deposit, current deposit, term deposit, retail loans, cash credit, agricultural loans, credit cards, govt business, cash receipt or payment, etc. Maximum customer interface in banks occurs at these counters managed by clerical staff.

Eligibility

The minimum age for applying for the position of a clerk in nationalised or private sector banks is 20 years. The maximum age limit is 28 years. The candidate has to be a Graduate in any discipline. As most of the recruitments in clerical cadre in public sector banks are made state-wise, the candidate applying for the post in a particular State is expected to be proficient in the language of the State. Proficiency means knowing to read, write, speak and understand the language.

Structure of the Examination

The structure of the examinations, which will be conducted online, is as follows:

  1. Preliminary Examination
S. No. Name of Tests No. of Questions Maximum Marks Duration
1. English Language 30 30 Composite time of 1hour
2. Quantitative Aptitude 35 35
3. Reasoning Ability 35 35
  Total 100 100  
  1. Main Examination
S. No. Name of Tests No. of Questions Maximum Marks Duration
1. Reasoning 40 40  

Composite time of 2 hours

2. English Language 40 40
3. Quantitative Aptitude 40 40
4. General Awareness

(with reference to Banking Industry)

40 40
5. Computer Knowledge 40 40  
  Total 200 200  

Interview

Candidates who have been shortlisted in the main examination will subsequently be called for an Interview to be conducted by the participating organisations and coordinated by the nodal bank in each State/ UT with the help of IBPS. Interviews will be conducted at select centres. The centre, address of the venue, time & date of Interview will be informed to the shortlisted candidates in the call letter.

Candidates are required to download their interview call letters from the authorised IBPS website www.ibps.in. Please note that any request regarding change in date, centre etc of interview will not be entertained. However, the conducting agencies reserve the right to change the date/venue/time/centre etc. of interview or hold supplementary process for particular date/session/venue/centre/set of candidates at its discretion, under unforeseen circumstances, if any.

The total marks allotted for Interview are 100. The minimum qualifying marks in interview will not be less than 40% (35% for SC/ST/OBC/PWD/EXSM candidates). The weightage (ratio) of CWE (Main exam) and interview will be
80 : 20. The combined final score of candidates shall be arrived at on the basis of scores obtained by the candidates in the Main Examination of CWE Clerks-V and Interview. Interview score of the candidates failing to secure minimum qualifying marks or otherwise barred from the interview or further process shall not be disclosed.

A candidate should qualify both in the CWE and interview and be sufficiently high in the merit to be shortlisted for subsequent provisional allotment process, details of which will be made available subsequently on IBPS website.

While appearing for the Interview, the candidate should produce valid prescribed documents. In the absence of documents candidature of the candidates shall be cancelled.

Emoluments

Components Revised (Per Month)
Basic 12,812(60.15% of DA merged in basic)
House Rent Allowance 1,921 (15% of DA)
Fuel Expense 225
Dearness Allowance 5,124 (40% of basic as remaining 60% merged in basic salary)

 

Special Allowance 1,908 (9.5% increase in final pay slip component)
Total 21,990
Deductions:  
Provident Fund -2,199
Tax -20
Union Fee -60
Benefit Funds -250
In Hand 19,461

SPECIALIST OFFICER

Graduation is one of the essential qualifications set by IBPS candidates to their recruitment in any category. So, what if one has eligibility beyond the degree course? What about professionals? Do they have any special consideration on account of their better skills and education? Well, such a privilege is not available to them in case of regular IBPS exams in clerical and PO cadres. However, professionals and the experienced get a better standing when it comes to IBPS Specialist Officer Recruitment, where they can compete with the equally able candidates. IBPS specialist recruitment puts forward a very promising opportunity for Engineers, Business Managers, Chartered Accountants, Lawyers, looking forward to a safe, secure and rewarding career in Indian Financial Institutions.

 

Age

Minimum: 20 years
Maximum: 30 years

Educational Qualifications

Post Code Name of the Post Age Educational Qualifications (from a University/Institution/Board recognised by Govt of India/ approved by Govt Regulatory Bodies)
01. I.T. Officer (Scale-I) Min- 20 Years Max-30 Years a) 4 year Engineering/ Technology Degree in Computer Science/ Computer Applications/ Information Technology/ Electronics/ Electronics & Telecommunications/ Electronics & Communication/ Electronics & Instrumentation
OR
b) Post Graduate Degree in Electronics/ Electronics & Tele Communication/ Electronics & Communication/ Electronics & Instrumentation/ Computer Science/ Information Technology/ Computer Applications OR Graduate having passed DOEACC ‘B’ level
02. Agricultural Field Officer (Scale I) Min- 20 Years Max-30 Years 4 year Degree (graduation) in Agriculture/ Horticulture/Animal Husbandry/ Veterinary Science/ Dairy Science/ Agri. Engineering/ Fishery Science/ Pisciculture/ Agri Marketing & Cooperation/ Co-operation & Banking/ AgroForestry
03. Rajbhasha Adhikari (Scale I) Min- 20 Years Max-30 Years Post Graduate Degree in Hindi with English as a subject at the degree (graduation) level OR Post graduate degree in Sanskrit with English and Hindi as subjects at the degree (graduation) level
04. Law Officer (Scale I) Min- 20 Years Max-30 Years A Bachelor Degree in Law (LLB) and enrolled as an advocate with Bar Council
05 HR/Personnel Officer (Scale I) Min- 20 years Max- 30 years Graduate and Full time Post Graduate degree or Full time Post Graduate diploma in Personnel Management / Industrial Relations/ HR/HRD/ Social Work / Labour Law.
06. Marketing Officer (Scale I) Min- 20 years Max- 30 years Graduate and Full time MMS (Marketing) / MBA (Marketing) / Full time 2 years PGDBA / PGDBM with specialization in Marketing

The structure of the Online CWE will be as follows:

Law Officer- Scale I &RajbhashaAdhikari Scale I:

S. No. Name of the Test Maximum Marks  
01. Reasoning 50  

 

120 Minutes

02. English Language 25
03. General Awareness with special reference to Banking Industry 50
04. Professional Knowledge 75
  Total 200  

IT Officer Scale I, Agricultural Field Officer Scale I, HR/ Personnel Officer Scale I &Marketing Officer Scale I

S. No. Name of the Test Maximum Marks  
01. Reasoning 50  

 

120 Minutes

02. English Language 25
03. Quantitative Aptitude 50
04. Professional Knowledge 75
  Total 200  

 

The above tests except the Test of English Language will be available bilingually, i.e. English and Hindi.

Participating Organisations in PO/ Clerk and Specialist Officer

Allahabad Bank Central Bank of India Oriental Bank of Commerce United Bank of India
Andhra Bank Corporation Bank Punjab National Bank Vijaya Bank
Bank of Baroda Dena Bank Punjab & Sind Bank Any other bank or   financial institution
Bank of India ECGC Syndicate Bank
Bank of Maharashtra Indian Bank UCO Bank
Canara Bank Indian Overseas Bank Union Bank of India

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