Banking is one of the swiftest growing industry in India and they are considered as daybreak sector of Indian Economy. More so, the government is focusing on providing banking facilities in every village and town, under its Financial Inclusion project. So, therefore more and more branches of the banks are being opened in every part of the country. Attempt IBPS Clerk Test Series.
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As the sector is growing briskly, it also needs workers at several levels. Basically, the recruitment in bank sector happens at the following levels:
Bank Probationary Officer (Bank PO):
A person who is newly recruited as an officer will be under probation period for at least 2 years. Throughout this phase, he/she undergoes training & performs the allotted work. Since applicants join the bank at a junior level, they are being called Probationary Officer
(PO) but the actual designation could be assistant manager. Graduates fresh out of college & those without any experience in banking field who wish for a career in government banks have to either join as Clerk or PO (scale I) only.
As the name suggests, this is a clerical position in the bank and this can be considered an entry-level job in a bank. Salary of a Bank Clerk is generally in the range of Rs. 20,000-25,000 depending on the bank to bank and posting location.
Specialist Officers (SO):
Banks also hire candidates for specialist profiles like – IT Officer, HR Officer, Marketing Officer, Finance Officer, Law Officer, Agriculture Officer etc. Usually, the grade and the starting salary of Specialist Officer is in the same range as Probationary Officers.
Institute of Banking Personnel Selection (IBPS):
The Institute of Banking Personnel Selection also known as IBPS
is a recruitment body that was started with a purpose to encourage the recruitment and placement of young graduates in public sector banks in India (except SBI). It also provides patterned systems for evaluation and result processing services to organizations.
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