IBPS PO Recruitment 2018

The IBPS recruits Probationary Officers in various banks. If you want an idea of how to fill the preference order for each of these banks, then click the button below. The article will give you detailed information about all the banks, their Work Culture, posting locations, Foreign Branches, career prospects in each bank, etc.

Designation Probationary Officers holds (PO) in banks –

The IBPS PO work profile includes holding the designation of an Assistant Manager (AM) on Probation. He is in Junior Management Grade-1 (JMG-Scale 1) Officer thus he is often called as Scale 1 Officer or Asst. Manager.

Initial Posting of Probationary Officer(PO) –

If you get selected as a Probationary Officer, you will go through Induction training program in Management Training Academies of the bank which lasts for 10 to 20 days. The duration of training varies from bank to bank. After completion of their induction training in Management Training Academies, a PO can be posted anywhere in India, as the service of Government Bank Officer is All India based service.
They can be posted as an Asst. Manager on probation in different branches or Head Office or Corporate Office or Zonal Offices or in specialized branches like microstate branches, treasury Branches etc. as per placement policy of particular banks.

Some Job Roles of Probationary Officer

• During the probation period they are trained for having the practical knowledge in finance, accounting, marketing, billing as well as investment.
• This is done by entrusting them with jobs of various categories, viz. any of the routine works such as scrolling, posting, account preparation etc.
• Another responsibility of PO is to work as
• Public relations officer
• Handle customer complaints and address various customer related issues
• Discrepancies in accounts
• Rectification of undue charges
• Look into complaints regarding services provided by the bank.
• A bank PO issues ATM cards, cheque books, Demand Drafts etc.
• Work of a bank PO also includes managerial tasks, such as supervision of clerical work, taking decisions for the benefit of the bank, managing cash balance etc.
• When the Management Trainee successfully completes the training period of 2 years, he is promoted as Assistant Bank Manager. Now there is a change in the work responsibilities too. The basis work profile now involves to handle on daily customer transactions, viz. passing a cheque, draft issuance, cash management etc.

IBPS PO 2018 Salary Details

Basic Pay: INR 14500-25700

Getting this pay scale in any government sector is like a big achievement nowadays for candidates.

House Rent Allowance

This varies from 6% to 15% allowance of the basic salary and depends on the area in which bank is located. Renting and owning house are the most difficult thing if you are posted for banking jobs. This is biggest expense when you are out of your city.

Dearness Allowance

PO gets INR 10700 as a dearness allowance which makes this post the most desirable for candidates.

Hospitalization Reimbursement & Leave Fare Concession

Nobody likes to spend their earnings on illness. So as some banks think.  Banks pay leave fare and for illness of probationary officer. A probationary officer gets INR 700 per day for room allowance in hospital. This include 1^st class A/C train ticket or economy class flight ticket, taxi charges and amount paid to auto if any.

Deputation Allowance

While training for 2 years PO can get relocations so he gets INR 1500 per day other than travel expenses.

Other Allowance

These other allowance includes daily newspaper expenses and petrol expenses up to 35 Liters. Some premium banks also give telephone and entertainment expenses. Various banks also give Reimbursements like furniture allowance, briefcase allowance, cheaper loans and life insurance policies.

This is a complete work life of many Probationary officers. Hope this information helped you in gaining a complete insight of the enormous benefits a bank PO official enjoys. If you dream of getting associated with any of the partner banks who join IBPS Common Recruitment Process (CRP) the you must take the IBPS PO/MT CWE VI exam.

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