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Beginning it off with the geeky stuff, IBPS stands for Institute of Banking Personnel Selection. In simple terms, it’s an organization and it conducts exams for recruitment into the public banking sector. One of the exams (and posts offered) is the post of IBPS Probationary Officer, which we shall refer to as PO. A small insight into this before we go into detail, this post is not permanent (that’s what probation means) and lasts for 2 years, after which the PO will be given a permanent post usually. The candidates who are applying for this recruitment must have proper knowledge regarding the IBPS PO job profile and given below we are sharing some of the most important specifications related to the IBPS PO Job Profile 2023 – PO Career Growth.
IBPS PO 2023 Job Profile
IBPS PO is one of the reputed jobs in the banking sector and provides many lucrative offers to employees. Probationary Officer is trained for multiple operations such as finance, accounting, billing, investment, revenue collection, etc. during his/ her probation period to acquaint them with the banking procedure. IBPS PO career has a lot of opportunities for the people who are selected by the authorities and you can easily get a promotion in this type of job and there are a lot of career growth opportunities waiting for you if you are selected by the authorities of the Institute of Banking personnel selection. IBPS PO career growth opportunities can be yours if you work in the organization with proper hard work and as per the instructions given by officials. The net salary of a probationary officer is now at Rupees 52000 per month including all of the other benefits. Understand what is IBPS PO job here
IBPS PO 2023 Roles and Responsibilities
There are a lot of Rules and responsibilities that the probationary officers have to complete if they want proper promotion and other opportunities related to housing and special allowances. This is a very prestigious job which provides a lot of allowances such as dearness allowance and special allowance which are definitely revised by the government from time to time. The Probationary officer is required to resolve the queries of the customers and he or she is also responsible for maintaining and the supervisor of the respective branch that they are posted in. You must definitely check out the eligibility criteria for IBPS PO 2023 before applying. Given below we are sharing the list of roles and responsibilities for IBPS PO.
- Customer dealing
- Looking after public relations
- Monitoring and regulation of branch activities and tasks
- Addressing customer related issues and grievances (like customer care)
- Handling loan processing
- Approving and monitoring branch and customer transactions
IBPS PO 2023 Career Growth
The probation period, which is the time you’ll be a PO, is also called the training period. It’s like how in school you are forced to learn all subjects even if you won’t be using some of them later but it’s there to show you a little about it and show you the scope on that subject. Similarly, as a PO, you will learn the fundamentals (like life skills/value education in school) of the jobs of a bank office. It will also give you a taste of the different posts available. After your probationary period, you will be put through a screening process.
- Junior Management Grade – Scale I: Probationary Officer
- Middle Management Grade – Scale II: Manager
- Middle Management Grade – Scale III: Senior Manager
- Senior Management Grade – Scale IV: Chief Manager
- Senior Management Grade Scale V: Assistant General Manager
- Top Management Grade Scale VI: Deputy General Manager
- Top Management Grade Scale VII: General Manager
- Executive Director (ED)
- Chairman and Managing Director (CMD)
IBPS PO 2023 Retirement Details
There are a lot of retirement plans available for the bank employees and one of the main retirement benefits is the permanent fund benefits if you retire after a service period of 5 years and you will receive the balance in your provident fund account with the interest rate and also the Tax components. Pension plans are also available for bank employees and you can select your pension plan according to your retirement plans. Different rates of pensions are available and also gratuity is available as per the gratuity act by the Indian government.
IBPS PO 2023 Salary
The salary was recently revised as per the 7th pay commission that was introduced by the government in January 2016. The base salary or basic pay is Rs. 23,700 and Rs. 980 is the annual increment that can be applicable for a period of up to 7 years. Allowances can be added to the salary and depend from bank to bank but on average, your salary after allowances could range from Rs. 39,000 to Rs. 42,000. The salary and the allowances available by the Institute of Banking personnel selection are revised from time to time and if you want to get proper benefits and information related to the salary then you must check out the latest guidelines issued by the authorities.
The probationary officer is responsible for approaching new business opportunities to the branch of the bank in which he or she is working and is also responsible for the daily transaction activities and the activities related to the loans that the banks are giving to the consumers. The in-hand salary of the probationary officer in IBPS is around Rupees 50000 to Rupees 55000 with the allowances available to the Employees and gross salary will be around 57000, after the deduction, the salary will come down to Rupees 55000.
You can check out the details related to the salary slip for probationary officers in the Institute of Banking personnel selection. The salary slip includes the details related to the basic pay and all of the other allowances available to the Employees. The salary slip will have important specifications related to the Tax that is detected and also the total deductions and the gross salary will be mentioned at the end of this slip. Given below we have here the specimen of the salary step available to the Employees.
There are a lot of different allowances which are available for the people who will be selected as probationary officers in the Institute of Banking personnel selection however to get all of the benefits you will have to work hard and prove yourself to your officials. Given below we are sharing some of the special allowances provided to the people who will be selected by the authorities for this vacancy.
Allowances and Benefits
|Dearness Allowances||Rs. 8,593.20|
|House Rent Allowances (HRA)||Rs. 3,240|
|Special Allowances||Rs. 5,904|
|City Compensatory Allowances (CCA)||Rs. 1,400|
|Provident Fund (PF) Contribution||Rs. 1,552.50|
IBPS PO 2023 Exam Details
The Institute of Banking personnel selection conducts the entrance examination for the vacancy of probationary officer and all of the candidates who are interested in this recruitment opportunity can apply for this entrance examination in order to be eligible. You can check out the IBPS PO notification 2023 in order to get information related to the entrance examination and you must also have information related to the IBPS PO eligibility criteria 2023 before selecting the job that you want to apply for. The candidates must start preparing for the entrance examination after taking into consideration the details related to the exam.
The job profile of IBPS PO is very elaborate and you will have the time of your life by getting selected in this vacancy presented by the Institute of Banking personnel selection. The candidates must check out the details related to the in-hand salary and also the specifications of the salary slip before going ahead and applying for this recruitment because it requires a lot of preparation beforehand. Entri learning platform which creates video classes for the people preparing for this entrance examination. Enroll now and you will be eligible to get free of cost mock test.