About Banking Sector Jobs in India
In earlier days the Banking sector jobs appeared to be meant for graduates from economics or accountancy. But the recent recession and need for job security among the people led them towards public sector jobs and among the public sector enterprises the banking industry has attracted a lot of people. Public sector Banks are providing employment opportunities to all type of graduates from any discipline. The entry point for a bank job may be a probationary officer (PO) job or a clerical or single window operator job. The qualification for PO will be any graduation with 55% aggregate marks and for clerical cadre it will be a pass in Higher secondary education or a diploma qualification.
What will be the expectation of banks from the candidates ?
Generally banks expect a candidate to have
- good communication skills,
- good interpersonal skills,
- the ability to deal with customers diplomatically,
- basic knowledge about banking industry.
How to Prepare
You have to analyze your strength and weakness based on time consumption on each section of the exam.
Allocate more time to weaker sections (get some idea here ).
Increase your speed by working out at least 2 previous exam papers each day. After working out you have to evaluate the answers. For every wrong answers marked find out where you went wrong and correct yourself. keep noting your scores each day. Make sure your number of attempts increase each day. You can learn some tips and tricks through these videos
The salary package given by most of the public sector banks are almost the same. They may differ as per the work location. For instance the HRA for an employee in urban area will be greater than for the one in rural area.
POs will be posted anywhere within the country where as clerks will be posted mostly in their native states.
For PO pay scale will be JMG Scale-I Rs.14,500 - Rs.25,700
For SWO (Clerk) Pay Scale will be Rs.7,200 - Rs.19,300
The Recruitment Process
Since now Institute of Banking Personnel Selection IBPS has been doing the recruitment process for public sector banks, except State bank of India and its associates. Selection process of Public Sector Banks is normally based on written test which includes two phases
Phase 1: objective test and descriptive test
Phase 2: Interview . There will also be GD in case of SBI recruitment
Bank Common All India Entrance Test :
The Institute of Banking Personnel Selection (IBPS) is all set to conduct Common All India Entrance Test to select qualified candidates for the recruitment of clerical staffs, probationary officers and specialist officers. This test is to be held throughout the country with many exam centers in every state.
This system of Common Examination for recruitment of Probationary Officers / Management Trainees has been approved by each of the 19 participating Public Sector Banks and the Managing Committee of the Indian Banks’ Association (IBA) with the consent of the Government of India.
19 participating Public Sector Banks include Allahabad Bank, Indian Overseas Bank,Andhra Bank, Oriental Bank of Commerce,Bank of Baroda, Punjab National Bank,Bank of India, Punjab & Sind Bank,Bank of Maharashtra, Syndicate Bank,Canara Bank, Union Bank of India,Central Bank of India, United Bank of India,Corporation Bank, UCO Bank, Dena Bank, Vijaya Bank, Indian Bank
The CWE for Probationary Officer/ Management Trainee posts will be conducted twice a year by IBPS
Now IBPS has announced the exam date for selection of personnel for Probationary Officer/ Management Trainee posts in the Public Sector Banks.
NO vast change is expected in the exam pattern. It will be similar to the bank exams that the aspirants are taking now. Questions on arithmetic and numeric ability, verbal and non-verbal reasoning, data interpretation will be there. Test on English language will also be a part. General awareness section with special reference to banking industry and current affairs are also expected for the test.
The objective test Pattern announced by IBPS (duration of 2Hrs and 30 Mins) consist of
(i)Test of Reasoning (50 Qns - 50 Marks)
(ii)Quantitative Aptitude (50 Qns - 50 Marks)
(iii) General Awareness (50 Qns - 50 Marks)
(iv) English Language (50 Qns - 25 Marks)
(v) Computer Knowledge (50 Qns - 50 Marks)
Descriptive Paper on English Composition for 25 Marks (duration of 1 Hr.) will have letter writing, comprehension and precise writing
How to apply for the Bank CET
Applicants can get the forms from the official address of IBPS either by hand or by post. They can also procure the same from the IBPS authorized site. Duly filled in forms are required to be send to the official address of the Board prior to the last date. The test is held twice a year. Aspirants who clear the test may get a scorecard, which will be valid for one and a half years.
IBPS notification can be seen here