IBPS Bank PO Job Profile - Meaning, Role, Work-Life of PO in Banks
A number of scholars Appeared in IBPS PO Exam. Some try their luck and a few appear with their clique preparation. Even if you get selected, the struggle and diligence don't end here. There's an extended list of duties of a Probationary Officer.
IBPS PO: Full Form and Meaning
Institute of Banking Personnel Selection conducts the exam for the post of Probationary Officer in various banks.
This post is known as Probationary Officer because after getting selected in the IBPS exam, candidates are trained and have probation of two years.
So, if you're preparing for the IBPS PO exam then you want to know everything about it. The exam itself is extremely difficult. Training after getting selected makes this profession harder. The training phase is usually filled with experiences in various areas of the bank like credit, customer management, accounts, lockers, etc.
Among bank jobs, a career as a Probationary Officer is one of the fastest-growing careers. 2 years of diligence pay off once a PO completes his training period.
Some Job Roles of a Probationary Officer
Handling customer complaints and resolving various customer-related issues, discrepancies in accounts.
Correction of unfair charges.
4. A bank PO issues ATM cards, checkbooks, demand drafts, etc.
5. The work of a Bank PO also includes managerial functions, like supervising clerical work, making decisions for the advantage of the bank, managing cash balances, etc.
6. When the Management Trainee successfully completes the training period of two years, he/she is promoted as Assistant director. Now the work responsibilities also are changing. Aadhaar work profile now includes handling of daily customer transactions, ie. Passing of cheques, issuing drafts, cash management, etc.
Gross Salary – Around 5,57,000 with HRA.
Monthly Salary of Bank PO - Approx Rs.40,000.
We will update during this blog the newest IBPS PO Salary alongside salary slip very soon in order that candidates can estimate the payment amount.
Basic Pay: INR 23700
Getting this pay scale within the first government job may be a big achievement for the candidates. the entire salary is extremely high.
House Rent Allowance
It varies from 6% to fifteen allowances of basic pay and depends on the region during which the bank is found. Getting hired and keeping a home is one of the toughest jobs if you're posted for banking jobs. This is often the most important expense once you are out of your city.
Dearness Allowance
PO gets a Dearness Allowance of Rs 10700 which makes this post most desirable for the candidates.
Hospitalization Reimbursement and Leave Fare Concession
No one likes to spend their earnings on illness. Banks pay to leave rent for the illness of the probationary officer. A probationary officer gets Rs 700 per day for room allowance within the hospital. This also includes a first-class A/c railroad ticket or economy class flight ticket, taxi charges, and amount paid to auto, if any.
Deputation Allowance
PO can get transfer during 2 years training, so he gets Rs 1500 per day additionally to travel expenses.
Other Allowance
These other allowances include the value of daily newspaper and petrol up to 35 liters. Some premium banks also cover telephone and entertainment charges. Various banks also offer reimbursements like furniture allowance, briefcase allowance, cheap loans, and life assurance policies.
This is the whole work-life of many probationary officers. Hope this information has helped you to urge an entire idea of the large benefits that a Bank PO Officer can avail. If you dream of joining any of the associate banks that appear within the IBPS Common Recruitment Process (CRP) then you've got to appear within the IBPS PO/MT Exam.
Is The Job of IBPS Bank PO stressful?
It depends on the branch on which you're deployed. The work is often really tiring for bank officers posted in metro cities, head offices, and regional offices. The workload in such branches is high. But it's not for everybody. If you're keen on your job and really enjoy working at a bank, you'll find it challenging and fulfilling.
What Are The Working Hours of IBPS PO?
1. Ideally, the working hours of IBPS PO are 10 AM to five PM (7 hours), which are normal banking hours in India. Lunch timings vary from branch to branch. The traditional lunch break is between 1:30 pm and 2:30 pm. However, just in case the workload increases at the top of the fiscal year, these hours are often increased.
2. Best wishes for your sparring efforts. You invest with diligence, Eduncal has the proper approach for you! Join Edunkal and steel yourself against IBPS PO confidently.
3. Prepare yourself to crack IBPS PO for the exam and live this life. you'll comment below your thoughts and share the knowledge.
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