A bank probationary officer’s (PO) position is a high-paying white-collar job. Every year, tens of thousands of people apply for PO examinations. The profession has a lot of room for advancement and a promising future in banking.
The Bank PO exam can be cracked IBPS PO in your very first attempt. If you look at the curriculum in-depth, you’ll see that the majority of the material is at a high school level. The lack of a good study strategy is what makes it tough for most applicants to pass the test.
Now, let’s get down to the main topic. In this article, we have covered important details like exam pattern, bank PO salary in India, allowances and perks and more. So, stay with us till the end and enrich your knowledge about bank PO salary in India.
Bank PO Exam Details
The term “Bank Probationary Officer” refers to a person who works for a bank as a probationary officer. It is a managerial-level position that is available in both public and private sector banks throughout India.
List of Banks
The names of a few prominent banks that perform or participate in the Bank PO recruiting process are listed below:
# Allahabad Bank
# Bank of Maharashtra (BOM)
# Bank of Baroda (BOB
# Cooperative Bank
# HDFC Bank
# ICICI Bank
# Oriental Bank of Commerce (OBC)
# Punjab National Bank (PNB)
# Syndicate Bank
# State Bank of India (SBI)
Eligibility Criteria for Bank PO exam
In order to sit for a Bank PO test, you must first meet certain qualifying requirements. Even though the criteria may differ from one bank to the next, the following are some of the general requirements that must be satisfied regardless of the bank.
|Age||20 years to 30 years|
|Educational qualification||A recognised university degree|
Only candidates in the General category are eligible for the age range stated above. Applicants that fall into the OBC category are eligible for a three-year age reduction. Applicants who fall under the SC or ST categories, on the other hand, would be given 5-year age relaxation.
The applicant’s country of citizenship for the IBPS CWE or Bank PO test might be any of the following:
# A subject of Nepal or Bhutan
# Before 1 January 1962, a Tibetan refugee arrived in India for permanent residence.
# PIOs who have moved to the country from Myanmar, Sri Lanka, Pakistan, Vietnam or one of the East African nations listed.
Bank PO Exam Dates
|Name of Exam||Date of Exam|
|SBI Probationary Officer Notification||April 2020 (tentative)|
|SBI Probationary Officer Prelims||June 2020|
|SBI Probationary Officer Mains||July 2020 (tentative)|
|IBPS Probationary Officer Notification||August 2020 (tentative)|
|IBPS Probationary Officer Prelims||3, 4, and 10 October 2020|
|IBP Probationary Officer Mains||November 28. 2020|
|IBPS RRB Probationary Officer Notification||July 2020 (tentative)|
|IBPS RRB Probationary Officer Prelims||26 and 27 December 2020|
|IBPS RRB Probationary Officer Mains||30 January 2020|
Bank PO Job Profile
A Probationary Officers (PO) work description or job profile in a bank includes a variety of responsibilities. The following are some of these responsibilities:
# The Bank PO will be in charge of public relations, consumer complaints, and most other customer satisfaction-related concerns.
# He or she will be in charge of managerial tasks such as overseeing the branch office’s clerical employees.
# The cash flow, mortgages, finances, and loans will all be managed by a Bank PO.
# He or she will be in charge of handling loan papers as well (if required).
Bank PO Vacancies
According to the IBPS Bank PO examination announcement for the year 2020, the number of vacancies are as follows:
# IBPS Bank Probationary Officer: 4,336
# SBI Probationary Officer: 2,000
# IBPS RRB Probationary Officer: 3,352
# RBI Grade B Officer: 199
Bank PO Selection Process
A candidate will be needed to go through three steps in the Bank PO selection process. The following are the details:
#1. Preliminary Exam
#2. Mains Exam
#3. Group Discussion and Interview
Bank PO Exam Syllabus
Preliminary Exam syllabus: Reasoning ability, English language, and numerical ability
Mains Exam syllabus: English language, general economy, general reasoning, computer aptitude, banking awareness, and data analysis and interpretation.
Bank PO Exam Pattern
Exam Pattern for Preliminary Exam
|Subject||Number of Questions||Marks|
|English language||30 questions||30 marks|
|Reasoning ability||35 questions||35 marks|
|Numerical ability||35 questions||35 marks|
|Total duration: 60 minutes|
Exam Pattern for Mains Exam
|Subject||Number of Questions||Marks|
|General reasoning & computer aptitude||45 questions||60 marks|
|English language||35 questions||40 marks|
|General economy & banking awareness||40 questions||40 marks|
|Data analysis & interpretation||35 questions||60 marks|
|Total duration: 180 minutes|
Bank PO Exam Application Fee
For SC, ST, and OBC, the application fee is Rs 100.
For General and other categories, the application fee is Rs 600.
SBI PO Exam Details
SBI PO 2021 Exam Summary
|Name of Exam||State Bank of India Probationary Officers Exam|
|Conducting Body||State Bank of India|
|Mode of Application||Online|
|Mode of Exam||Online (CBT)|
|Exam Rounds||3 (Prelims, Mains and Interview)|
|Expected Candidates||9 to 10 lakhs|
|Job Location||Across India|
|SBI PO Helpline||022 2282 0427|
SBI PO Career Growth
A Probationary Officer at SBI is entitled to numerous allowances and benefits in addition to the SBI Bank Probationary Officer pay. This has been one of the highly sought-after occupations in terms of professional advancement. After being designated as a Probationary Officer, you have a long way to go in your career. When aspirants enter India’s largest public sector bank, they may look forward to a bright future.
The following is a list of the benefits of working as an SBI PO:
# Deputy Manager
# Chief Manager
# Assistant General Manager
# Deputy General Manager
# General Manager
# Chief General Manager
SBI PO 2021 Application Fee
The registration fee format for SBI PO online application is listed below each category. Fee/Intimation payments cannot be reimbursed or retained in reserve for any other test or selection after they have been paid. The application cost has to be paid in full online.
|Sr. No.||Category||Application Fee|
|2||General and Others||Rs. 750/-|
SBI PO Eligibility Criteria 2021
To be qualified for the SBI PO Exam 2021, a candidate must meet the following two requirements:
Candidates must be between the ages of 21 and 30 as of September 1, 2021, i.e., they must have been born between April 2, 1990, and April 1, 1999. (both dates inclusive)
The applicant must be a graduate of a recognised university in any field or have an equivalent qualification recognised by the Central Government. Those in their last year/semester of study may also apply temporarily, subject to the requirement that, if invited for an interview, they provide proof of passing the graduation test on or before July 1, 2021.
Applicants who hold an Integrated Dual Degree (IDD) certificate must verify that their IDD was completed on or before August 31, 2021. Applicants who hold a Chartered Accountant certificate are also eligible to apply.
SBI PO Selection Procedure
The following factors about the SBI PO selection process should be kept in mind by candidates:
The bank may digitally record the candidate’s thumbprint to provide an error-free and secure selection method for SBI PO 2021. This is done to ensure that the candidates are legitimate.
Any discrepancy in the biometric verification would result in the candidacy being rejected and severe legal action being taken. Candidates are encouraged not to use any external stuff on their hands, such as ink, mehandi, chemicals, and so on.
Number of Attempts
For each group, the total number of chances is set. Applicants who have exhausted all of their options are ineligible to apply. It is not possible to take the Preliminary Exam, however, it is possible to attempt the Mains Exam.
|Category||Number of Chances|
|General or EWS||4|
|General or EWS (PWD)||7|
|OBC or OBC(PWD)||7|
|SC or SC(PWD) or ST or ST(PWD)||No restriction|
IBPS PO Exam Details
IBPS PO Exam Pattern
In the preliminary test, IBPS instituted distinct sections scheduling for each session. The IBPS PO exam (CWE 10) will be conducted on an online written test with two parts: Tier 1 (IBPS Preliminary Exam) and Tier 2 (IBPS Mains Exam) for recruiting candidates. Following the examination, a face-to-face interview is conducted.
IBPS PO Prelims Exam Pattern
Each component of the IBPS PO preliminary exam will last 1 hour and 20 minutes and will be administered in an online format. It is divided into three portions, each with 100 questions and a total score of 100 points.
In the preliminary exam, there is negative marking, with 0.25 points removed for each incorrect answer. To pass the IBPS PO Main test, candidates must score above the cut-off in all three categories. The following are the details for each section:
|S.No.||Name of Tests(Objective||No. of Questions||Maximum Marks||Duration|
|1||English Language||30||30||20 minutes|
|2||Numerical Ability||35||35||20 minutes|
|3||Reasoning Ability||35||35||20 minutes|
Candidates must pass each of the three exams by achieving the minimum cut-off marks set by IBPS. A sufficient number of applicants in each category will be shortlisted for the Online Main Examination, as determined by IBPS based on criteria.
IBPS PO Mains Exam Pattern
The Main exam is also held online and consists of 5 (four plus one) parts with a total score of 200+25 points and a time limit of 180+30 minutes. In order to select applicants for the position of probationary officer, IBPS will hold a descriptive paper in its main examination.
The parts must be completed in the same sequence and within the time limit specified on the exam. To be qualified for the interview procedure, a candidate must pass both the preliminary and main exams.
|S.No.||Name of Tests(Objective||No. of Questions||Maximum Marks||Duration|
|1||Reasoning & Computer Aptitude||45||60||60 minutes|
|2||English Language||35||40||40 minutes|
|3||Data Analysis & Interpretation||35||60||45 minutes|
|4||General Economy & Banking Awareness||40||40||35 minutes|
|5||English Language (Letter Writing & Essay)||2||25||30 minutes|
IBPS PO Interview
Candidates who pass the mains test are invited to a face-to-face interview, which is worth a maximum of 100 points. In the interview, a minimum score of 40% is required (35 percent for SC/ST/OBC/PWD applicants).
The interview session lasts around 15-20 minutes, during which a panel of bank executives asks the applicants questions about themselves, the banking industry, current events, general awareness, and so on. Candidates must arrive at the meeting well-dressed, confident, and with all needed papers.
The final merit list is compiled using the results of the main examination and the interview. IBPS calculates the final score by allocating 80 percent of the marks to the main test and 20 percent to the interview.
IBPS PO 2021 Exam Date
IBPS has announced the IBPS PO 2021 Exam Dates and Exam Calendar for the year 2021. According to the most recent IBPS calendar, the preliminary exam for IBPS PO will be held on the 9th, 10th, 16th, and 17th October 2021, with the main exam on the 27th November 2021. The following are significant dates for IBPS PO or MT CWE XI 2021:
|On-line Registration Process||August 2021|
|Preliminary Exam Date||9th, 10th, 16th & 17th October 2021|
|Preliminary Result||November 2021|
|Mains Admit Card||November 2021|
|Mains Exam Date||27th November 2021|
|IBPS PO Mains Result||December 2021|
|Conduct of Interview||January 2022|
|Provisional Allotment||1st April 2022|
IBPS PO Application Fee
The fee structure is listed below each category. Fee/Intimation payments cannot be reimbursed or retained in reserve for any other test or selection after they have been paid. The application cost has to be paid in full online. Check out the entire IBPS PO Application Guide for additional information.
|Sr. No.||Category||Application Fee|
|2||General and Others||Rs. 850|
Major Banks Participating in IBPS PO Recruitment 2021
Here are all of the banks that applied for the IBPS PO recruitment this year:
#1. Indian Bank
#2. Punjab & Sind Bank
#3. UCO Bank
#4. Indian Overseas Bank
#5. Canara Bank
#6. Punjab National Bank
#7. Central Bank of India
#8. Bank of India
#9. Bank of Baroda
#10. Union Bank of India
#11. Bank of Maharashtra
IBPS Training Centres
|North India||South India||East India||West India|
Union Bank PO Exam Details
Union Bank of India PO Eligibility
In the sections below, you will find the eligibility criteria to be eligible for this exam.
Only Indian nationals are allowed to appear on the exam
The minimum age is 21 and the maximum age is 30. Age relaxation is 5 years for SC/ST applicants and 3 years for OBC applicants.
The candidate must have a degree from a recognised institution/AICTE accredited university with a cumulative of 55 percent (50 percent for reserved candidates) in the last year of graduation, as well as a Diploma in Banking and Finance (DBF). And, at the period of graduation (or) after graduation, a software awareness & Office Automation diploma in computers.
PNB Bank PO Exam Details
|Registration||August 7, 2021|
|Last day to submit Application Form||August 28, 2021|
|Pre-exam Training Dates||September 23 to 28, 2021|
|Admit Card for Prelims exam||September 30, 2021|
|Exam Dates for Preliminary Exam||October 3, 4 and 10, 2021 (Officially Announced)|
|Publication Prelims Result||November 1, 2021|
|Main Exam Date||November 28, 2021 (Officially Announced)|
|Publication of Main Result||January 2, 2021|
|Interview Dates||January or February 2021|
|Provisional Allotment||April 2021|
The application fee for OBC or General is Rs. 300
The application fee for SC, ST or PWD is Rs. 50
What is a Bank PO Salary?
The salary of Bank PO typically ranges from Rs.23,000 to Rs.42,000 per month (approximately). These values include any allowances that may be given. The pay, as well as the allowances, may differ from one bank to the next. In the sections below, you will find the Bank PO salary in India for different banks.
SBI PO Salary
One of the most compelling reasons for applicants to pursue a career in banking is the SBI PO pay. Along with all of the benefits and allowances that an SBI PO is entitled to.
The base SBI PO salary in India is now about Rs. 27,620/-. The compensation structure for a PO includes a number of other factors that make this position appealing.
The following are the important features of the SBI PO Salary Structure in India:
|SBI PO Salary in India- Basic Pay||Rs. 27620 (Increment in 4 stages)
1st Increment is Rs. 23700, 980/7
2nd Increment is Rs. 30560, 1145/2
3rd Increment is Rs. 32850, 1310/7
4th Increment is Rs. 42020
|Dearness Allowance||46.9% of the basic pay|
|City Compensatory Allowance(CCA)||3% or 4%(varies with the place of posting)|
|Leased House Accommodation||Minimum is Rs. 8000 for Rural
Maximum is Rs. 29500 for Urban
|Medical Insurance||100% for employees
75% for families
|Travelling Allowance||Reimbursement for AC-2Tier|
|Petrol||Rs. 1100 to Rs. 1300|
|Total Compensation (Annually)||Rs. 7.5 lakhs to Rs. 12.9 lakhs|
|Loan Benefits||Concession on interest rates|
IBPS PO Salary
|Basic Pay||Rs. 36,000|
|Special Allowance||Rs. 5,904|
|Learning Allowance||Rs. 600|
|DA Others||Rs. 1,552.50|
|Gross Salary||Rs. 57,289.70|
|Net Salary||Rs. 52,630.38|
Perks & Allowances
|IBPS PO Basic Pay||Rs. 36,000|
|House Rent Allowances||7% to 9% of the basic pay|
|Dearness Allowance||23.87% of the Basic Pay|
|City Compensatory Allowance (CCA)||3% or 4%|
|Special Allowance||7.75% of the basic pay|
Bank of India PO Salary
The table below listed the Bank of India PO salary in sections:
|Basic Pay||Rs. 23700|
|Dearness Allowance||39.8% of the Basic Pay|
|Special Allowance||7.75% of Basic Pay|
|HRA (House Rent Allowance)||9%|
|CCA (City Compensatory Allowance)||4%|
|Medical Allowance||Rs. 8000 per annum|
Canara Bank PO Salary
Aspirants who complete the course successfully after Canara Bank PO would be eligible for a salary scale of Rs. 23700-980/7- 3056-1145/2-32850-1310/7-42020.
They will also get House rent allowance, Medical Aid, Dearness allowance, CCA, Leave Fare Concession, and other perks like furnishings and conveyance, but only if they are assigned to a certain location. The following is the salary structure for the Canara Bank Probationary Officer position:
|Pay Scale||State-level||District level||Metro Cities|
|Basic Salary||Rs. 23700||Rs. 23700||Rs. 23700|
|Dearness Allowance (DDA)||Rs. 12206.69||Rs. 12206.69||Rs. 12206.69|
|House Rent Allowance (HRA)||Rs. 1896||Rs. 1659||Rs. 2133|
|Special Allowance||Rs. 1836.75||Rs. 1836.75||Rs. 1836.75|
|City Compensatory Allowance (CCA)||Rs. 600||Nil||Rs. 870|
|Total Salary||Rs. 40,239.54||Rs. 39,402.54||Rs. 40,746.54|
Beginning from the end of the 5th year to the end of the 10th year of choosing the Bank curriculum to continue employment in the Bank, the Bank will return the entire course expenses to the selected students as a Loyalty Bonus, in a postponed pay in that same year.
Allowances and Benefits
Students would give several extra perks in addition to the base salary in Canara Bank PO Salary 2021.
Dearness Allowances (DA)
It is the salary of living rules allowances that the government pays to public sector employees as well as public sector retirees.
House Rent Allowances (HRA)
This is a stipend that is offered to the employee as a way to make their stay more comfortable.
Medical assistance will be provided in accordance with Canara Bank’s Probationary Officer Post guidelines.
Leave Fare Concession
POs (Probationary Officers) and their families can take advantage of this benefit, which is based entirely on the Bank’s qualifying requirements.
City Compensatory Allowance (CCA)
CCA is a taxable cost factor that is given to employees to reward them for working in a large metropolis so that they may live comfortably. Rather than being based on the fundamental Pay Scale, it is the verified wage. City Compensatory Allowance for Bank Probationary Officers is typically 0%, 3%, or 4%, depending on the location.
The Canara Bank PO is awarded a special allowance. These advantages are exclusively available to Grade 1 officers. These are the performance-based bonuses that Canara bank workers get based on their daily performance.
It is a profit-sharing bonus given to employees in addition to their normal wage. Publication allowances, healthcare allowances, travel allowances, conveyance, home and furniture allowances, as well as house upkeep and laundry, are all included.
The Canara Bank employment sector is suitable for a highly motivated applicant seeking a career with additional advantages. After completing their probationary time as a Canara Bank PO, the candidate is eligible for the following perks. Aside from job safety, the employee will receive some extra perks.
# Loyalty bonus
# House rent
# Child Safety
# Medical benefits
# Travel concession and leave
# Health Insurance
# Increments Benefits
# House Maintains
Union Bank PO Salary
The average monthly payment for a Union Bank of India PO is Rs. 46,522. Union Bank of India PO salary varies from Rs. 35,007 to Rs. 87,217 per month.
PNB Bank PO Salary
Below 1 to 4 years of experience, the average Punjab National Bank PO pay in India is Rs. 6.8 lakhs. The pay varies from Rs. 5.5 lakhs to Rs. 8.4 lakhs for a PO at Punjab National Bank.
Tips for Home Preparation for Bank PO Exams
First and foremost, familiarise yourself with the bank test syllabus and format. This is because each bank test has a variety of components, such as the bank exam curriculum, preparation time, sectional cutoffs, and so on.
Candidates must intensify their bank exam study and be familiar with the many topics covered in the syllabus. Questions from any area or topic of the curriculum may appear on the bank test paper.
As a result, applicants should be well prepared to answer a range of questions on a bank test. The secret to succeeding in bank examinations is to practise, practise, and practise some more.
Make a Timetable
Candidates who plan to study at home should and must create a detailed schedule for their self-study. They should be able to organise their time in order to cover all of the necessary topics.
Candidates should be well-versed in the bank test curriculum and thoroughly familiar with each topic/section, as the bank exam is expected to have a variety of question types.
So, first and foremost, applicants must understand where they are falling short, and then they must focus on the topics in order to meet the sectional cutoffs. Candidates must also consider how much time they will need to answer each question.
Complete The Syllabus Topic-wise
This is critical because if you are preparing in such a way that you are unsure of which subject the question comes from, you will have a major difficulty. It is tough to remember the questions, but if you study subject by topic, it will be much easier to finish the topics, and you will be able to swiftly solve the questions during the test.
Candidates who want to study for bank examinations at home may consult numerous competitive bank test books and make the most of the available internet resources.
Furthermore, applicants must keep themselves up to speed on a daily basis, as the majority of the questions are based only on general knowledge. Reading daily newspapers can also assist applicants to improve their verbal abilities and complete the general awareness portion all at once.
For better preparation, applicants can try to make use of internet resources by obtaining appropriate bank exam books and study materials and practising more from sample papers and previous years’ bank exam question papers.
Candidates should practise more and refer to internet resources after finishing the bank test curriculum since they are more beneficial and give updated material. Furthermore, when doing practise questions, applicants should keep track of their time and accuracy.
It is the responsibility of the candidates to assess how much time they devote to each question, not to become fixated on a single subject, and to keep a careful eye on the allotted time for each question.
Candidates might benefit from taking brief notes on the bank test material during last-minute revision. It is crucial to remember that once students have completed the whole bank test course, revision is all that is required to pass the exam.
If a candidate is weak in a specific subject, he or she must determine the source of the problem and begin working on it. Short notes are more crucial throughout the examination, and revising at the last minute is simpler.
How UPSC Pathshala’s Banking Success Program Can Help?
This UPSC Pathshala Banking Success Program can help you level up your banking preparation with the following features:
# All the syllabus of bank PO exams are covered in video format for better understanding.
# In-depth understanding with high-quality video lectures.
# Live classes for each subject (2 months full coverage for each subject).
# A personal mentor is allotted to help you out in the training course.
# Weekly magazines discussion classes.
# Get daily questions for each topic and weekly tests to keep a check on your progress.
We tried to cover all the top bank exam details in this article. Lakhs of candidates are applying for the PO post where vacancies are in thousands. The exam is simple but the competition is tough. If you are preparing for any of these exams, you should pin this page in your browser.
You can follow the tips to improve your preparation level day by day. If you want some more guidance, you can check out the UPSC Pathshala’s Bank PO course. Don’t waste any more time and register now to get a FREE DEMO.