IBPS(CWE)/ SBI PO, RRB, Bank Specialist Officer Exams - 2014
Everyone now a days wishes to make a Career, that is: Promising, Lucrative and full of Opportunities. One such career in the limelight today is that of a Bank PO. Bank PO is the primary level position in officer’s category, in the Public Sector Banks. Probationary Officers are selected through the written exam and interview conducted thereafter.
The Institute of Banking Personnel Selection (IBPS) is the authority that conducts, Common Written Examination (CWE) as a pre-requisite for selection of Probationary Officers, on behalf of 20 nationalized banks namely:
|Name of Banks|
|Allahabad Bank||Canara Bank||Oriental Bank of Commerce||Union Bank of India|
|Andhra Bank||Central Bank of India||Punjab National Bank||United Bank of India|
|Bank of Baroda||Corporation Bank||Punjab & Sind Bank||Vijaya Bank|
|Bank of India||Indian Bank||Syndicate Bank||IDBI Bank|
|Bank of Maharashtra||Indian Overseas Bank||UCO Bank||Dena Bank|
The exam is generally conducted twice a year. A very important point to note:
“IBPS has announced to conduct Common Interviews from 14th January 2013 and onwards for the selected candidates in written exam, which were earlier conducted by the particular Banks according to their requirements.
Banks induct eligible graduates by CWE+Common Interview process. The selected officers work for a stipulated probation period, performing various types of banking operations involving accounts (saving, current, fixed deposit) and foreign exchange dealings.
Other than the Probationary Officer’s post, IBPS also conducts CWE for the recruitment of Officer Scale- I, II and III in Regional Rural Banks (RRB) and Specialist Officers in the Public Sector Banks for the following domains:
- I.T. Officer
- Agricultural Field Officer
- Rajbhasha Adhikari
- Law Officer
- Technical Officer
- HR/Personnel Officer
- Marketing Officer
- Chartered Accountant
- Finance Executive
Apart from IBPS, the State Bank of India and its Associates also conduct written examination of their own, for the position of Bank POs. The State Bank of India is the country’s oldest bank. The State Bank Group, with over 16,000 branches, has the largest banking branch network in India. SBI has 14 Local Head Offices and 57 Zonal Offices that are located at important cities throughout the country. It also has around 130 branches overseas. The State Bank of India is headquartered in Mumbai.
Associate Banks of SBI are:
1. State Bank of Bikaner & Jaipur
2. State Bank of Hyderabad
3. State Bank of Mysore
4. State Bank of Patiala
5. State Bank of Travancore
Different banks recruit probationary officers during different period in the year. A PO can be asked to perform any banking operation related to loans, mortgages, investments, etc. After the confirmation i.e. after finishing the probation period, he/she can be given the task of any one or two or more tasks from routine work like posting, passing, scrolling or advances or anything that is related to banking.
IBPS/SBI Bank PO 2014 - Eligibility Criteria
FOR IBPS PO/ Management Trainee: The eligibility criteria for the recruitment of POs/MTs under CWE-PO/MT-III are:
- Educational Qualification: Degree (Graduation) with 60% (55% for SC/ST/PWD) marks in any discipline from a recognized university or any equivalent qualification recognized as such by the Central Government.
- Age Limit: Minimum: 20 years and maximum: 30 years
i.e. a candidate must have been born not earlier than 02.07.1985 and not later than 01.07.1993 (both dates inclusive) click here for more details.
For IBPS Specialist Officer: Candidates, intending to appear for CWE specialist officer should ensure that they must fulfill the minimum eligibility criteria specified by IBPS before applying for the Common Written Examination (CWE). click here for more details regarding age limit, educational qualification, post qualification and work experience.
For IBPS RRB: Candidates, intending to appear for CWE should ensure that they fulfill the minimum eligibility criteria specified by IBPS before applying for the Common Written Examination (CWE):
- For Officer Scale- III below 40 years
- For Officer Scale- II Above 21 years - Below 32 years
- For Officer Scale- I above 18 years - Below 28 years
- For Office Assistant between 18 years and 28 years
For more details on education qualification click here.
- Essential Academic Qualifications: Graduation in any discipline from a recognized University or any equivalent qualification recognized as such by the Central Government.
- Age Limit: As on 01.01.2013, not below 21 years and not above 30 years as on 01.01.2013 i.e. candidates must have been born not earlier than 02.01.1983 and not later than 01.01.1992 (both days inclusive)
For more details click here.
IBPS/SBI Bank PO 2014 - Syllabus
IBPS PO: The objective tests for IBPS PO consist of five sections. These are:
|S.No||Name of Test||Maximum Marks||Duration|
Composite time of
(with special reference to Banking Industry)
For more details click here
IBPS Specialist Officer:
The structure of the Written Examination for IBPS Specialist Officer i.e. Law Officer- Scale I & II & Rajbhasha Adhikari Scale I / IT Officer Scales I & II, Agriculture Field Officer Scale I, HR/ Personnel Officer Scale I, Marketing Officer Scale I, Technical Officer Scale I, Chartered Accountants Scale-II & Finance Executive Scale-II is as follows:
|S.No||Name of the Test||No. of Questions||Maximum Marks||Total Time|
|3.||General Awareness with special reference to Banking Industry/ Quantitative Aptitude(Depending Upon the Specialist Officer Post||50||50|
For more details click here
IBPS RRB: The examination structure differs from group l to group ll.
For detail information click here
SBI PO The Written examination for SBI Probationary Officer consist of:
- Objective Tests (200 marks): The Objective Tests with 2 hour duration will consist of 4 Sections with 50 marks each as follows:
(a) Test of English Language (Grammar, Vocabulary, Comprehension etc)
(b) Test of General Awareness, Marketing and Computers
(c) Test of Data Analysis and Interpretation
(d) Test of Reasoning (High Level)
Descriptive Test (50 marks) : The Descriptive Test with 1 hour duration will be of “Test of English Language (comprehension, short précis, letter writing & essay)”.
For more details, click here
IBPS/SBI Bank PO Salary - Starting Salary/Payscale
IBPS PO: Starting salary with D.A on appointment in the bank is approximately Rs. 26,000. For a new recruit at metro locations (variable depending on place of posting) is approximately Rs 5.32 Lakhs Per Annum.
It includes Dearness Allowance, HRA, CCA, Medical Aid, Hospitalization expenses, Leave Fare Concession etc. and Perquisites like Conveyance, Quarters, and Furniture etc. depending on the place of posting as per different Banks rule.
IBPS Specialist Officer: IBPS provides a good salary package for all the specialist officer posts. For scale 1, the salary is near about Rs. 28,100, for scale 2, the salary is near about Rs. 25700 and for scale 3, and the salary is about Rs. 31,500.
DA, HRA, CCA etc. will be paid as per Bank’s rules in force from time to time depending upon the place of posting. Medical, LTC, Pension as per New Pension Scheme, P.F, Gratuity etc. will be admissible as per Bank’s rules.
IBPS RRB: The Scale of Pay in Regional Rural Bank is approximately:
(i) For Officer Scale-I (Asstt. Manager): Rs. 26,536/- *
(ii) For Office Assistant (Multipurpose): Rs. 14,680/- *
*Inclusive of D.A. & HRA at the current rates depending on the place of posting. CCA, Medical Aid, LTC, Gratuity, etc. will be admissible as per Rules of the Bank.
SBI PO: The starting basic pay is Rs 16,900/- (with 4 increments). click here for more details on emoluments.
IBPS/SBI Bank PO Benefits
Once you join as a Bank PO in banks, with years of knowledge and skills acquired, you can reach to the topmost level. i.e. the Chairman’s designation. Nearly all the heads start their career as probationary officers. Generally, the probation period in a bank is for two years and after that as an officer you will be exposed to various bank responsibilities. The promotional opportunities for Bank Probationary Officer at regular intervals may designate you as Assistant General Manager in few years.
Working as a bank Probationary Officer or Specialist Officer is not only prestigious but also comes with lucrative salary, perquisites and other benefits. Apart from the basic salary, some of the benefits which a Probationary Officer or Specialist Officer avails are:
- Conveyance allowance
- Cleansing material reimbursement
- Entertainment allowance
- Newspaper allowance
- Medical reimbursement facility
- Furniture reimbursements
- License Foster Care (LFC) for India or abroad
- Foreign postings chances
- Faster promotions and incentives schemes for good performers
- Loans on concessional rates, etc.
The rates of these benefits differ from bank to bank. The estimated sum of all such perks is about Rs. 3000/- to Rs. 4000/- in public sector banks.