The phrase PO stands for Probationary Officer. Bank PO Exam is conducted for the entry-level position in the officer cadre in the banking industry. It is the junior most position in a bank. The exam is conducted by different banks at different intervals throughout the year based upon the number of vacancies available in a particular bank.
The job of a bank PO officer is to handle customer grievances, approve loans, manage cash etc. A bank PO officer may be allotted work in the Loan department or Mortgage Department or Finance Department etc. A Bank PO officer may also be given administrative work or more general banking operations. The duration of the Probation is generally two years. However, these days some banks have only one year as a probationary period.
For a candidate to be eligible to appear for the Bank PO Exam, the candidate should be an Indian National between the age of 21 years (minimum) and 30 years (maximum). Also, a minimum of 55-60% marks is required at the graduation level from a recognized university/board.
There is no fixed exam schedule for Bank PO test as every bank conducts the test according to the number of vacancies available.
Every bank has its own selection criteria and exam pattern through which candidate is shortlisted. Bank PO exam is usually an objective type paper but it may vary from bank to bank.
In general, there are about 225 MCQs with .25% negative marking for questions attempted incorrectly. Duration of Bank PO exam is around 2 to 2 hours and 15 minutes. The exam syllabus is based on knowledge of topics like Quantitative Aptitude, Reasoning Ability, English and General Awareness.
Bank PO exam is conducted on a large scale in different centers spread around the country covering state capitals and important cities.
For Bank PO exam preparation, there are many books that are available in the market or online. Further, many Bank PO coaching institutes in Chandigarh are present that will help a candidate to prepare for the Bank PO exam in the best possible manner.
Probationary Officers (POs) have a good career path in the banking industry and can make to the top positions in the bank with continued performance. The pay scale for a bank PO who is a Scale I employee ranges between Rs.14,500- 25,700 while the actual take-home salary could be approximately 31-35,000 per month or more (including all allowances).