THE GATE COACH
BANK PO
 OVERVIEW OF BANK PO
Description

Probationary Officer (PO) in the bank is thestarting level appointment for bank officers. The POs have a one or two yearsprobation period during which they are given exposure to various importantfunctions of the bank such as Loans & Advances, Foreign exchange, CreditRating, Treasury, Risk Management, IT, Marketing etc.

Vacancies inofficers cadre in public sector banks are filled from within the organizationafter promotion of clerks and also by direct recruitment. To meet the shortageof manpower in officers cadre, now a days the public sector banks are requiredto recruit large number of officers. Most of the vacancies for whichrecruitments are made are in junior management Graduate Scale I, which is theentry level position for joining a public sector bank as an officer. This entrylevel 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 financebackground are eligible. A finance or commerce background may help thecandidate adjust to the banking environments faster than others but banksrecruit talents from diverse backgrounds of science, literature etc.

 CAREER PROGRESSION

  Thereis a well defined career progression path in each public sector bank.Performance and potential are key elements which determine this careerprogression. Most senior officials in public sector banks started their careeras clerk or scale I officer only. In tune with the time banks have reviewedtheir promotion policy and now for bright, hardworking and knowledgeableemployees it takes less time to move to higher scales. In may banks a personwho joined as an officer may reach to the position of General Manager in 14years. After that one can aspire for the position of executive director orchairman of a bank. These are very high positions, nomination to which isdecided by the Government and not by the individual banks.Many public sectorbanks have a network of foreign branches. Thus joining a public sector bankgives you the opportunity of working abroad also. Transferability in a bank jobprovides 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 nottaken into consideration because of lease accommodation; #House Lease rangesfrm 4 to 12 percent of basic depending upon rural/semi urban/Area 1/Metros)

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

 Aclerk is mostly a front staff in a bank. Depending on the requirement clerksare placed at different counters of the banks e.g. savings, deposit, retailloans, cash credit, agricultural loans, credit cards, government business, cashreceipt or payment etc. Maximum customer interface in banks occurs at thesecounters managed by clerical staff

OFFERING STREAMS
Madhurima Rao
CIVIL SERVICES 08 AIR RANK : 02
Phone : Not Available
Email : Not Available
Currently : Not Available
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