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IBPS PO FAQ Important

IBPS PO FAQ Important

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Banking sector offers one of the most lucrative careers in any country. IBPS PO FAQ Important lists some of the frequently asked questions by the aspirants of banking sector recruitments.

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1. What is the difference between IBPS po And IBPS clerk?
Hello,
PO(Probationary Officer) and Clerk positions are one of the most sough-ted careers in the banks in India. Every year millions of candidates give and appear for the recruitment process of Bank Clerk and PO in India.
An IBPS PO hols the designation of an Assistant Manager i.e. Junior Management Grade-1, also known as Scale 1 Officer or Assistant Manager.
An IBPS Clerk is the first point of contact in a bank. Bank clerks are primarily responsible for interacting with customers and clients, answering inquiries, and resolving issues. For the mentioned responsibilities, good and effective communication is primary for excelling in a clerk role.
For further distinctions visit: Difference between IBPS Po and IBPS clerk.
Salary Details of an IBPS PO [Source: Google]

Salary Details of an IBPS Clerk [Source: Google]
1. How many people applied for the IBPS PO 2018?
IBPS( Institute of Banking Personnel Selection); on an yearly basis, invites applications for the recruitment of Probationary Officers and Management Trainees in public sector banks in India. The selection process is primarily through different phases of national-level entrance examinations and interviews.
Nearly 20 lakh candidates compete each year for approximately 3000–4000 vacancies. The number of applications has been exponentially increasing in the past couple of years. This year (2018), the number of applications received is estimated to be around 3 Million [30 lakhs - 30,00,000]
Eligible candidates can register online and submit the online application for the Common Recruitment Process. The dates for online registration for the IBPS PO 2018 recruitment process: August 14, 2018 - September 04, 2018.
IBPS PO Selection Process: Prelims+Mains+Interview
Mode of Exam( Prelims, Mains): Online
The Salary for IBPS PO/Management Trainee - INR 37,360 - INR 38,700 ( Take Home Salary)
The Provisional Allotment/ Final Allotment of Selected Candidates: April 2019.
1. What is better job IBPS PO or SBI PO?
Introduction
Most eligible graduate nowadays thinks of getting a prestigious position in any of the Government banking bodies. Besides the other job offerings made by the examination convener bodies, the State Bank of India (SBI) and the Institute of Banking Personnel Selection (IBPS) are offering the post of the Probationary Officer (PO).
Candidates often get confused amongst the choices available. Here is a comparison made between the IBPS PO and SBI PO on various parameters. The comparison will make it easy for the candidates to decide which banking body is better to get recruited and the reason to choose them.
Recruiter :
IBPS is the recruitment agency which offers candidates banking job opportunities in 23 public sector banks other than the SBI. It also examines the same. For any further assistance, visit website:
SBI is a public sector bank which conducts recruitment examination for filling up the vacant seats at SBI and its other associate banks, namely; State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala, and State Bank of Travancore. For any further assistance, visit website:
Job Designation :
The candidates appearing for the IBPS banks are designated as Officer Scale 1 or Assistant manager for a probation period of 2 years.
On the other hand, an SBI PO is designated as Junior Management Grade 1 Officer for a probation period of 2 years.
  • Once the training is complete, the candidates are expected to clear the screening process.
  • The candidates who have achieved the predetermined standards are promoted to the next higher grade which is usually the Officer Middle Management Grade Scale-II (Manager).
  • The candidates who qualify in the test yet fail to achieve the predetermined standards are designated as Middle Management Grade Scale-II (Officer).

  • Hereafter, those candidates who fail to qualify either of the two are terminated.
    Job Tasks :
    The job tasks of both, IBPS PO and SBI PO are more or less similar. They are:
  • Customer support: PO shall make the services available to the customer at their ease. It is essential to guide customers about various banking facilities that suit the customer and benefits them.

  • Business enhancement: The PO shall be trained in the relevant fields of marketing, advertising, accounting, and finance. They are well equipped to produce useful ideas to enhance the banking business. Here communication with the customers and business personals smartly plays a significant role.

  • Handling cash: Usually, the tasks related to cash handling and clearance of payments are done by the clerks under the supervision of the PO. Thus, the PO of the bank shall be responsible for the management, and all such procedures will require the approval and authority of the PO.

  • Accounts management: A PO keeps track of all the customer's accounts. In this way, PO is also responsible for approving the bank loans for its customers.

  • Salary Structure :

    Perks :

    Leave Policies for IBPS, and SBI PO is: :
  • 33 days of privilege leave annually.
  • 12 days of casual leave annually.
  • Sick leaves and maternity leave.
  • Employees who are women and single men with children or aged parents can take a sabbatical of up to two years.

  • Other benefits for IBPS PO and SBI PO are:
  • Housing loan, car loan, personal loan are offered to PO's at concessionary rates of interest.
  • Meritorious children of the employees can receive scholarships.
  • There is a chance of being posted abroad and work in foreign countries.
  • Employees enjoy the pension scheme and spend the rest of their life in happiness.
  • Besides, SBI offers its PO's highest entry-level compensation packages in the banking sector. The total compensation may vary from INR 7.55 lakhs annually to a maximum of INR 12.93 lakhs annually.

  • Career Progression :
    Most candidates applying for the bank POs aspire of the excellent career progression and promotion policies that come along with their job profile.
    In general, the figure below shows the career progression of a PO regarding the designation and the minimum monthly salary:

    For more details about IBPS PO and SBI PO visit Institute of Banking Personnel Selection and About State Bank of India respectively.
    2. Is IBPS Clerk exam more difficult than IBPS PO exam? IBPS Banking exam is considered to be one of the challenging exams in government sector. Rather than talking about the difficulty level of IBPS Clerk and IBPS PO(Probationary Officer), it is important to know about these exams. Lakhs of people apply for the position in these exams but only a few of out of these people clear the exam. Both the exams, IBPS Clerk and IBPS PO have a variety of parameter to judge the difficulties.
    Here are the few parameters which will help you to make your own judgement.
    a) Syllabus The syllabus of IBPS PO and IBPS Clerk have the almost same format. But IBPS POwill have more difficult and tricky questions as compared to the IBPS Clerk.
    b) Selection procedure Though, the examination pattern is similar for both the exams. The selection procedure is common but IBPS PO consists of an interview round which is nowhere to be found in IBPS Clerk.
    c) Duration of the exam Both the exam will have a similar duration, number of question and pattern of the exam. Due to the complex questions in IBPS PO, they will require more time and efforts to complete. You can also visit SPLessons to learn shortcuts and tricks that will be your helping hand in the exam.
    d) Cut-Off The Cut-off for IBPS PO is always lower than that of IBPS Clerk. As, there is quite high competition in IBPS Clerk so the cut-off also tends to be high.
    e) Vacancy It is important to have an idea about local language while applying for IBPS Clerk of a particular state while there is no condition as such in IBPS PO. So, there are more number of vacancy in IBPS PO than in IBPS Clerk.
    Final Verdict IBPS Clerk require less calculation as compared to IBPS PO. The comprehension as well as the reasoning question are quite easy to solve in IBPS Clerk. We hope that the above points gave you a clear idea and helped you to judge which exam is more difficult the other. Rather than searching for which exam is easy to crack, it’s high time to start your preparation. It doesn’t matter the difficulty level of the exam. It just solely depends upon your passion and determination because these exam takes an equal effort to clear it.
    For more details about IBPS Clerk and IBPS PO visit Institute of Banking Personnel Selection. and Institute of Banking Personnel Selection respectively.
    Visit SPLessons for Bank, Competitive Exams and Job-Related Notifications in India.
    1. What is the ideal score to crack IBPS Clerk exam?
    Dear aspirant,
    Clearing an exam into a banking sector is considered to be an achievement in itself. As per the data collected from the last few years, there has been an exponential increase in the number of applicants applying for this po.