It is said that if you want to be on mountains then it is not possible that you constantly walk on a plain land. IBPS Bank Probationary Officer profile is like that. Every year lakhs of students appear in IBPS PO exam. Some try their luck and some appear with their hard core preparation.
IBPS aspirants who dream of a life full of perks should know the complete facts about the Job Role and work life of officers in Bank.
IBPS PO: Full form and Meaning
Institute of Banking Personnel Selection conducts exam for the post of Probationary Officer in various banks.
This post is named as Probationary officers because after getting selected in IBPS exam, candidates are trained and there is probation of 2 years.
So if you will be appearing for IBPS PO Exams then you should know all about it.
The exam itself is hard enough requiring comprehensive preparation. After getting selected, training make this profession more difficult. Learning phase is always full of experiences in various fields of bank.
In Government sector jobs, career as Probationary officer is one of the fastest growing career. Hard work of 2 years gets paid once PO completes his training period.
Below the blog you will get to know about work life of a bank probationary officer.
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.
Perks which attract candidates to opt Banking PO as their career!
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.
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 1st class A/C train ticket or economy class flight ticket, taxi charges and amount paid to auto if any.
While training for 2 years PO can get relocations so he gets INR 1500 per day other than travel expenses.
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.
Good Luck for your leaning endeavors. You invest with the hard work, Eduncle has the right approach for you! Join Eduncle and prepare confidently for IBPS PO/MT VI.
Get yourself prepared to crack the IBPS PO for Exam and live this life.
You can get more updates about various competitive exams like IIT JAM, UGC NET, IBPS Clerk, SSC CGL, RRB etc.
Keep yourself updated with Eduncle.
You can comment below your views and share the information.
Visit our Social Media channels