A PO or a Probationary Officer is basically an Assistant Manager of Scale I in a bank. He is a Junior Manager of Grade I scale and hence called Scale I Officer. After the selection criteria is completed, a Probationary Officer has to go through an intensive training program at Institute of Banking Management where they are trained. The probation period of a PO may last for 2 years. This again differs from bank to bank
Recruitment is done in generally three steps process. The first two phase is written test which are preliminary exams and mains exam respectively. The third step is the interview process. Candidates selected after the first two rounds get eligible for the interview round. After getting selected in these three rounds a merit list is generated based on the candidate’s performance. The one who make it to the list are selected for the post of PO.
The syllabus of Bank PO exam is designed to assess the candidate’s aptitude as weel as his general awareness. The preliminary paper is divided into three sections- Quantitative Aptitude, Reasoning and Verbal Ability. The mains paper contain five sections namely General Awareness, Computer Knowledge, Quantitative Aptitude, Reasoning and Verbal Ability. This pattern again differs from bank to bank.
Every year all the government as well as the private banks conduct Bank PO exams to recruit young officers. The major banks participating in this process are listed below:
The main exam among them is the SBI PO exam and the IBPS PO exam. Both of them have a large number of vacancies and eagerly look for young officers. The main thing to keep in mind is that every bank has their own selection criteria and their own set of papers. IBPS Conducts a common written exam for hiring of Probationary Officers (PO) in different public sector banks(PSU) and State Bank of India conduct a separate exam for hiring of Probationary Officers (PO).
IBPS Quantitative Aptitude Syllabus Contains these topics:-
|Number System||Logical Problems||Profit and Loss|
|Number Series||Square roots and Compound|
|Decimal Fractions||cube roots||proportion|
|Time & distance||Simplification||Pipe & Cistern|
|Boat and Stream||Surd and indices||Area|
|Alligation||Problem on trains||Ratio and Proportions|
|Average||Probability||Mensuration (2d and 3d)|
|Geometry||Simple and Compound Interest||
(Tabulation, Pie chart, Line chart,
line graph and Bar graph)
Time and Work
|Quantitative Aptitude Topics||Avg No. of Questions|
|Permutation Combination & Probability||5|
|Sequence & Series||5|
|Ratio, Proportion Percentage & Averages||3|
|Profit & Loss||2|
|Work & Time||2|
|Time & Distance||2|
|Mixtures and Aligations||1|
|Simple Interest, Compound Interest, Surds, Indices||1|
|Mensuration- Cylinder Cone Sphere||
The banks pay their probationary officers quite handsomely. The basic pay of a SBI PO is Rs23,700. In addition to this basic pay, the officers are also eligible for Dearness Allowance (DA), House Rent Allowance (HRA), CCA, special allowance etc. The total salary thus amounts to Rs40,239 per month.
The salary is almost same for POs of almost all the banks. You still might encounter a little variation from bank to bank.