If you are planning to apply for the Federal Bank PO job opportunities and you must have proper information regarding the various duties that you will have to perform as a PO in the federal bank organisation. A recruitment examination is conducted by the Federal Bank in order to successfully choose the probationary officer for their organisation. However, before successfully giving the recruitment examination the candidates must have proper information regarding the Federal Bank PO Job Profile 2021. Given below are some important specifications regarding the duties that the PO of Federal Bank will have to do in order to serve this organisation.
Federal Bank PO Job Duties 2021
The duties of the probationary officer who will be appointed by the Federal Bank will revolve around the activities related to the smooth functioning of the bank. Given below is the list indicating the various job responsibilities for the Federal Bank PO Job 2021.
- The candidates will first have to go through the probationary period which will the of 2 years.
- During the probationary period, the candidates will have to perform all of the activities related to the smooth functioning of the bank.
- The candidates will be given jobs that will make him or her familiar with the working of the PO at the bank.
- The candidates will be introduced to various aspects related to banking including financing, accounting, marketing, billing, etc.
- After the probationary period is over the candidates will have to do the activities as the assistant bank manager.
- The candidates will have to handle the following things: passing a cheque, draft issuance, cash management, etc.
- After some time, the person is assigned various responsibilities like managing cash flow, loans, and mortgages, and finances.
- They will be responsible for tasks like processing loans and document verifications.
- They will also be responsible for handling the customer complaint department.
- Finally, the candidate will have to work as a superior and guide all of the subordinates accordingly.
After you have successfully adopted the Federal Bank PO Life Style then you will be liable to get a salary each and every month. Given below is the list indicating the salary of Federal Bank PO which is included in the Federal Bank PO job profile 2021.
- The initial Basic Pay of a Federal Bank Officer Scale 1 (Probationary Officers) is presently Rs.23,700.
- The Pay Scale is as follows: 23700 – 980/7 – 30560 – 1145/2 – 32850 – 1310/7 – 42020.
There are a lot of alliances that are provided to the Federal Bank PO in the year 2021 and the table given below indicates the various types of allowances available to the candidates. The Federal Bank PO job profile is very extensive so the salary is also according to the responsibilities of the candidates.
|Dearness Allowance (DA)||Calculated based on the CPI and is revised quarterly.|
|House Rent Allowance / Lease Rental||Calculated based on the location of the posting and varies usually from 7 to 9 per cent of the Basic Pay.|
|City Compensatory Allowance (CCA)||Calculated based upon the location of posting and is 0, 3 or 4 per cent of the Basic Pay.|
|Medical and Other Allowances||As per rules.|
Promotions & Career Growth Opportunities
There are a lot of career growth opportunities available to the people who will be selected as the PO in the Federal Bank Organisation in the year 2021. The candidates must keep in mind that this is a very prestigious opportunity which is only available to the people who are willing to work hard in the organisation with all of their knowledge.
- First of all, the candidates must take the probationary period very seriously because there are a lot of things to learn during this period that will be helpful for them in the upcoming future.
- The candidates can get a promotion to the Officer Scale 1 vacancy.
- You can also appear in the internal examination so that you can get promotion in various posts of Officer Scale 2, Officer Scale 3, and so on.
Federal Bank PO Salary Increments
There are a lot of salary increments available to the people who will take the jobs seriously with at most honesty and sincerity. Given below are some salary increments that will be available to the candidates as per their time in this organisation.
- The starting salary of the candidate will be Rupees 23700.
- The annual increment will be Rupees 980 for the first seven-year after they have successfully completed the probation period.
- The candidate will be liable to get Rupees Rs.30,560 after the completion of 7 years of service.
- The next increment will be Rupees 1145 annually for the next two years of service.
- After the completion of a total of 9 years of service, the PO will be paid a monthly basic pay of Rs.32,850.
- The next increment will be Rupees 1310 applicable for the next seven years.
- After completing 16 years of service, the PO will be entitled to the basic monthly pay of Rs.42,020
Getting a job as a bank probationary officer is a very prestigious opportunity that should be cherished by the candidates with sincerity and honesty. If the candidates are honest in their work then they will get each and every benefit of being a probationary officer and also the Federal Bank PO Life Style is also very luxurious. If you want to take the Federal Bank PO examination then you must also go through the procedure through which you will be able to download the Federal Bank PO admit card 2021. The candidates must prepare for the entrance examination and try their best to get this job. Entri is a learning platform that provides availability of online courses through which the candidates can crack the competitive examination in one go. Enroll yourself today to get an abundance of benefits!
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