introduction to banking

Banking Jobs are amongst the most prestigious jobs in India. Indian Candidates who are aiming for Latest Bank Jobs in Government public sector Banks, Nationalized banks, Government undertaking Banks, Scheduled Banks and Leading Private Indian Banks – Get short details about Current Banking Jobs Openings, Upcoming Bank Exams in this page.

Every Year, all major Public Sector Banks commonly conducting Bank careers examinations – Clerks (Clerical), Specialist Officer (SO), Probationary Officers (PO) and Management Trainees (MT) through Institute of Banking Personnel Selection (IBPS).

explore the numbers

State Bank of India, country’s biggest public sector bank, recently invited applications for several thousand posts at junior as well as probationary officer’s level. According to reports, the bank received as many as 9.75 lakh applications for 2,000 probationary officers’ posts and over 16.6 lakh applications for 8,300 posts at the clerical level. The competition for each seat of a probationary officer comes out to be 500, while for clerks, it is around 200

salary potential-banking industry

Position

Salary Range

Addl Senior Assistant

Rs.31253.00 – 105447

Assistant (Non Bank)

Rs.21991.00 – 77557.00

Assistant (Banking)

Rs.17020 – 133260

Clerk On Probation

Rs.18579 – 75914

Computer Operator

Rs.32252 – 75040

Customer Care Assistant

Rs.14476 – 84186

Godown Keeper

Rs.39574 – 71193

RK/RK cum Cashier

Rs.29602 – 99513

Senior Stenographer

Rs.48502 – 81052

Spl RK/RK Cashier

Rs.56113 – 132678

Spl Stenographer

Rs.21152 – 106208

Spl Assistant (Non Bank)

Rs.53873 – 137095

Spl Assistant (Banking)

Rs.58782 – 190654

Sr Assistant (Non bank)

Rs.41123 – 107603

Sr Assistant (Banking)

Rs.34377 – 165693

Exams

SBI-SO

SBI recruits contestants for the posts of Specialist Officers. There are almost 50 Deputy Manager-Specialist officers vacancies in SBI on Regular and Contract Basis. There are around 400 vacancies in SBI SO recruitment.

Name of the ExamSBI-SO(Specialist Officers)
ModeComputer Based Online Exam
Exam NotificationAugust 2019
Application FormSeptember 6- September 22, 2019
Admit CardOctober 10, 2019
Exam DatesOctober 20, 2019
IBPS-PO

The Institute of Banking Personnel Selection holds the IBPS PO Bank Exam every year which is a doorway to the most preferred bank jobs. IBPS shortlists deserving candidates for the post of PO and clerk for various nationalised banks listed under it. IBPS started holding CWE to recruit IBPS PO and clerk for various banks. The registration is done online. IBPS PO 2019 Exam notification is out and the registration for the same will start from 7th August 2019. IBPS CWE IX Prelims Exam 2019 will be held on 12th, 13th, 19th, and 20th October 2019. The tentative date for mains was also mentioned in the notification which is 30th November 2019.

 

Name of the ExamIBPS-PO(Probationary Officer)
ModeComputer Based Online Exam
Exam NotificationAugust 2, 2018
Application FormAugust 7 – 28, 2019
Admit CardOctober, 2019
Exam Dates

October 12, 13, 19 and 20, 2019

RBI-Grade B

Grade B Officer post in RBI is a highly respected job in India. RBI Grade B Exam is conducted annually by the RBI and lakhs of students take part in this recruitment. RBI is the central bank of India and the numerous perks offered by RBI Grade B post apart from the reputed job, makes it the most sought-after job among students in large numbers. The Reserve Bank of India releases the notification for Grade B exam every year. This year RBI Grade B notification will be released for various posts including-

  • Officers in Grade ‘B’ (DR) – (General)
  • Officers in Grade ‘B’ (DR) – DEPR
  • Officers in Grade ‘B’ (DR) – DSIM
Name of the ExamRBI- Grade B
ModeOnline and Offline
Exam NotificationSeptember 20, 2018
Application FormSeptember 21- October 11, 2019
Admit Card
Exam DatesNovember 9, December 1-2, 2019

 

Indian Bank- PO

Indian Bank PO: Indian Bank Probationary Officer (PO) work is one of the most requesting desk work in the nation. This year, the open area bank has reported 417 opportunities for the post of Probationary Officers. The online enlistment has begun and applicants can top off the Indian Bank PO application structure from the official site of the Indian Bank.

Name of the ExamIndian Bank-PO
ModeOffline (Pen and Paper Mode)
Exam NotificationJanuary 2019
Application FormJanuary 2019
Admit Card3rd Week of January 2019
Exam Dates4th Week of January 2019

Banking exam Faqs

Q1) Is 59.9% similar to 60% in eligibility criteria?

Incase of minimum eligibility being fixed at 60%, you must have either secured exactly or above 60%. If you have scored 59.89%, it won’t be rounded off to the nearest whole number. Hence, the candidate will be not eligible for the job, if the score is less than the prescribed percentage, even by 0.01%.

Q2)What is the age range for Bank jobs in India?
Age Limits : For the post of Clerks 18 – 28 yrs & for Officers/PO posts 21 – 30 yrs would be the general condition. Apart from this, there are relaxations for candidates of certain categories-
 
CategoryUpper age limit increased by
SC/ ST Candidates5 years
OBC3 years
Physically Challenged Candidates10 years
Ex- Servicemen5 years
Widows, Divorced women etc.,9 years
* The data was compiled based on previous bank recruitments & may change. The final decision to include the relaxations, rests with the selection Bodies.
Q3)Is MBA necessary for Bank jobs?

MBA is not necessary for entry-level recruitments conducted by banks. Entry-level jobs include Clerks, Probationary Officers & in some cases Managers. To apply for these positions, the minimum eligibility would be a Degree or Pass in 12th/10th std in any discipline.

* In case the recruitment is for specialised posts like Agriculture, Systems, IT, Credit, Finance etc., – candidates with Degree in those subjects are asked to apply.

Q4)Who are the Specialist Officers in Banks ?

Specialist Officers have expertise in a specific area, in which they may have graduated or had a good experience. Example – A Graduate in Agriculture/Horticulture/Allied sciences can be appointed as a Specialist officer to lend loans to farmers, agricultural companies & to collect deposits from nearby farms, dairies etc., Since these people are specialized in a particular field, they are used by banks to work more closely with that specific public community.

Specialist officers are also appointed based on the need, vision, business, and reach of the bank. If a bank has huge foreign deposits or if it handles a large number of foreign transactions, a specialist officer with strong knowledge of foreign exchange policies, rules etc may be appointed.

This is the main reason why banks expect candidates graduated from the specific stream like Electronics, Computer science, Agriculture, Horticulture & other subjects to apply for the post of Specialist Officers. In short, the role of Specialist Officers is much needed, if the bank is willing to reach out to all parts of societies in the country.

Q5)Do all bank exams have negative marking scheme?

No.
Large banks recruiting in huge numbers will have negative marks for wrong answers in their preliminary test to decrease the number of candidates progressing on to the next level.

Such information will be provided in the recruitment advertisement for the banks.