Toll Free : 1800-116-601

Toll Free : 1800-116-601
Facebook Twitter Linked In YouTube Google+ Pinterest Instagram

THE CAVALIER- SSB / NDA / CDS / CAPF / AFCAT / ACC / COAST GUARD / X&Y GROUP COACHING

courses

Bank Exam

What is Bank PO & Clerks?

A Probationary Officer (PO) in the bank is the starting level appointment for bank officers. The POs have a one or two years probation period during which they are given exposure to various important functions of the bank such as Loans & Advances, Foreign exchange, Credit Rating, Treasury, Risk Management, IT, Marketing etc.

Vacancies in officers cadre in public sector banks are filled from within the organization after promotion of clerks and also by direct recruitment. To meet the shortage of manpower in officers cadre, now a days the public sector banks are required to recruit large number of officers. Most of the vacancies for which recruitments are made are in junior management Graduate Scale I, which is the entry level position for joining a public sector bank as an officer. This entry level position is known as that of probationary officer or management trainee. Bank probationary officers can come from any discipline or field of study, although there is a misconception that only people from commerce or finance background are eligible. A finance or commerce background may help the candidate adjust to the banking environments faster than others but banks recruit talents from diverse backgrounds of science, literature etc.


CAREER PROGRESSION There is a well defined career progression path in each public sector bank. Performance and potential are key elements which determine this career progression. Most senior officials in public sector banks started their career as clerk or scale I officer only. In tune with the time banks have reviewed their promotion policy and now for bright, hardworking and knowledgeable employees it takes less time to move to higher scales. In may banks a person who joined as an officer may reach to the position of General Manager in 14 years. After that one can aspire for the position of executive director or chairman of a bank. These are very high positions, nomination to which is decided by the Government and not by the individual banks.
Many public sector banks have a network of foreign branches. Thus joining a public sector bank gives you the opportunity of working abroad also. Transferability in a bank job provides you the chance of seeking different parts of the country.

Typical Salary Structure of a Bank PO - Entry Level (Indicative)
 

Particulars

Monthly

Annually

Basic

14500

174000

DA

8722

104661

HRA*

0

0

CCA

540

6480

MedicalAid

 

5100

Entertainment

 

4600

House Maintnce

300

3600

Books/Newsprs

 

2800

Petrol

2000

24000

Canteen Subsidy

250

3000

Pension

-2322

-27866

Rent Dedn

-300

-3600

Taxable Salary

23690

300375

Less Tax

771

9251

In Hand Salary

22919

291124.02

House Lease#

8000

96000

Bank's Pension share

2322

27866

CTC

452107

4.5 Lac per Anum

(*HRA is not taken into consideration because of lease accommodation; #House Lease ranges frm 4 to 12 percent of basic depending upon rural/semi urban/Area 1/Metros)

A Bank Clerk, is a financial service professional who serves as the primary point of contact for most bank customers, administering basic banking transactions , documentation and administrative functions.

A clerk is mostly a front staff in a bank. Depending on the requirement clerks are placed at different counters of the banks e.g. savings, deposit, retail loans, cash credit, agricultural loans, credit cards, government business, cash receipt or payment etc. Maximum customer interface in banks occurs at these counters managed by clerical staff.

ELEGIBILITY CRITERIA FOR CLERKS (AS PER CWE)

I.
Nationality / Citizenship:
A candidate must be either - 
(i)    a Citizen of India or 
(ii)   a subject of Nepal or 
(iii)  a subject of Bhutan or 
(iv)  a Tibetan Refugee who came over to India before 1st 
        January 1962 with the intention of permanently settling in India or 
(v)   a person of Indian origin who has migrated from Pakistan, Burma, Sri Lanka, East African countries of Kenya,
        Uganda, the United Republic of Tanzania.

II Age (As on 01.08.2011) 

Minimum: 18 Years Maximum: 28 Years 

The maximum age limit specified is applicable to General Category candidates. There are relaxations available for reserved categories.

III. EDUCATIONAL QUALIFICATIONS (as on 01.08.2011)
A pass with 60% marks in the aggregate in Matriculation/SSC (old pattern)/SSLC/10th std. Examination of 10+2+3 pattern or equivalent. For SC/ST/OBC/PWD/EXSM candidates a pass in the aggregate in Matriculation/SSC (old pattern)/SSLC/10th std. 
Examination of 10+2+3 pattern or equivalent

OR

A pass with 50% marks in HSC examination of 10+2 (10+2+3 pattern) /11th Std. of (11+1+3) pattern or Intermediate/Pre-University or any equivalent examination/Diploma in Banking recognized by Central/State Government or U.T. administration. For SC/ST/OBC/PWD/EXSM candidates a pass in HSC examination of 10+2 (10+2+3 pattern) /11th Std. of (11+1+3) pattern or Intermediate/Pre-University or any equivalent examination/Diploma in Banking recognized by Central/State Government or U.T. administration

OR

Degree in any discipline from a recognized University or any equivalent qualification recognized as such by the Central Government.
ELIGIBILITY CRITERIA FOR PROBATIONARY OFFICERS (As per CWE)

I. Nationality / Citizenship:
A candidate must be either -
(i)   a Citizen of India or
(ii)  a subject of Nepal or
(iii) a subject of Bhutan or
(iv) a Tibetan Refugee who came over to India before 1st January 1962 with the intention of permanently settling in
       India or
(v)  a person of Indian origin who has migrated from Pakistan, Burma, Sri Lanka, East African countries of Kenya,
      Uganda, the United Republic of Tanzania (formerly Tanganyika and Zanzibar), Zambia, Malawi, Zaire, Ethiopia and
      Vietnam with the intention of permanently settling in India, provided that a candidate belonging to categories (ii),
     (iii), (iv) & (v) above shall be a person in whose favour a certificate of eligibility has been issued by the Government
     of India.

II Age 
Minimum: 20 Years Maximum: 30 Years (With certain relaxations). The maximum age limit specified is applicable to General Category candidates.

EDUCATIONAL QUALIFICATIONS
A degree in any discipline from a recognized University or any equivalent qualification recognized as such by the Central Government

Please note that the eligibility criteria specified is the basic criteria for applying to various Public Sector Banks. However merely applying for CWE/ appearing for the examination does not imply that a candidate will necessarily be eligible for employment in all or any of the 19 Public Sector Banks as each Bank will stipulate its own eligibility/ qualifying criteria.
Prospective Candidates should ensure that they fulfill the specified eligibility criteria before applying for the Common Written Examination (CWE).

UPCOMING EXAM

- RECRUITMENT TO CLERICAL CADRE IN ASSOCIATE BANKS OF STATE BANK OF INDIA

- RECRUITMENT NOTIFICATION NO. 02/2012 RECRUITMENT OF PROBATIONARY CLERKS - PROJECT- 2012-13 THROUGH IBPS

Bank Exam Coaching

Scheme of Examination

S.No.  Name of Test (Objective) No. of Question  Maximum Marks  Total Duration
1 Reasoning 50 50 150 Minutes 
2 English  50 50
3 Numerical Ability  50 50
4 General Awareness with special reference to Banking Sector  50 50
5 Computer Knowledge  50 50

Course Detail

Duration - ---------------------------

Fees - --------------

For Trial Class contact :

The Cavalier,

C-73, Shardapuri, Raja Garden, New Delhi - 15

011-41446601 / 09818448881

Newsletter

Enter your email address to sign up for our special offers and courses promotions

Refresh

 

Sunil Chopra The Cavalier Delhi +91-9873161169 contact@cavalier.in