|Career in Banking
Bank PO stands for Bank Probationary Officer exam.
|2. Why Bank P.O??
Bank probationary officer is a very lucrative career in spite of many other career avenues in the recent time. In the recent time of Global Meltdown in & cut of jobs in Private Sector, Banking jobs are the most sought after career in the recent times. It not only provides great salary, excellent facilities but also recognition and respect in the society.
Some of the exams for which you can prepare using this courseware are:
|•||Common Written Examination (conducted by IBPS)|
|•||SBI PO Examination|
|•||SBI Associates PO Examination|
|•||Clerical Exams of different banks|
|4.||What is CWE?|
Common written exam i.e. CWE which is conducted by IBPS for recruitment of Bank PO/MT in various 20 Public Sectors banks in India. This is organized first time in India after the closure of Banking Service Selection Board.
|5.||What is the Selection Process?|
The Bank tests are largely conducted by the 27 Public Sector Banks throughout the year. Over 85000 Vacancies are expected in Public Sector Banks in the next 3 Years.
It has been observed that exams are generally conducted in 2 cycles
Banks may conduct the test as per their requirement at any time during the year.
|6. What is the eligibility for Bank Jobs?|
Age: 20-28 years (for both officer and clerical cadre)
Educational Qualification: Graduation or equivalent for clerical cadre & Graduation or equivalent with 60% marks for Officers
Others: Computer literacy mandatory for both Clerks and Officers
ii. There would be a common interview for all PSBs. IBPS will co-ordinate the conduct of common interview with the help of Nodal Banks and thereafter IBPS will declare the results;
iii Relative weight age for written examination and interview will be 80:20.
This shall be used to decide the final merit list;
iv. IBPS will ask the candidates to provide the order of their preference of Banks. Based on the merit list and the order of preference provided by the candidate, candidates will be allotted to the Banks;
v. One time application fee of Rs. 400, for conduct of examination, interview etc. will be collected by IBPS;
vi. All common written examinations may be conducted on-line;
vii. One examination for each cadre may be held annually.
|7. Which are the participating Banks in Common Written Exam (CWE)?|
Some of the exams for which you can prepare using this courseware are:
|3||Bank of Baroda|
|4||Bank of India|
|5||Bank of Maharashtra|
|7||Central Bank of India|
|11||Indian Overseas Bank|
Oriental Bank of Commerce
|14||Punjab National Bank|
|15||Punjab and Sindh Bank|
|17||Union Bank of India|
|18||United Bank of India|
An individual who aspires to join any of the above Public Sector Banks as a Probationary Officer/ Management Trainee will necessarily be required to take the CWE.
|10. What is the Salary offered to Bank Officers?|
The Average Basic Pay for Bank PO is Rs. 14500-25700 and the Average Basic Pay for Bank Clerk is Rs 7200-19300
11. Five Changes Rolled out in IBPS Clerk Exam 2012
However, This IBPS Clerk Exam is different in many aspects from the previous IBPS Exam Clerk Exam, as several changes have been introduced in this exam.
- Online Exam: IBPS Clerk Exam 2012 goes Online This means that there will be No Offline (Pen, Paper) Exam and applicants will have to give the exam on a Computer System.
- 20 Public Sector Banks: IDBI Joins the list, and Now there will be 20 Public Sector banks Offering Jobs to the successful students in the IBPS Clerk Exam.
- Changes in Eligibility Criteria: Graduation is now mandatory to Apply for Clerk Jobs and same in mentioned in the IBPS Clerk Notification 2012, where as for the previous IBPS Clerk Exam, applications are invited from 12th Class Passed candidates.
- Common Interviews: Applicants who pass the IBPS Written Exam will have to appear in the Common Interview to be conducted by IBPS, based on which they will be chosen for Offer for Clerk Jobs by any One Public Sector Bank through a Computerized System.
- Changes in Examination structure: IBPS Clerk Written Exam 2012 comprises of 200 Questions carrying 200 marks with 40 Questions in Each Section. The total Duration of the Written Exam is 2 hours.
- Other Requirements
Candidates must have the working and operating Knowledge of Computers. A Degree/Diploma/Certificate in Computer Operations/Language in required plus should have studied Computer / Information Technology as one of the subjects in the High School/College/Institute.
- Applicants must be able to read, write and speak the Local Language of the State/UT for which they are applying
12. How to Prepare for Bank P.O. Exam.
- Generally the Bank P.O Exam is not very tough. A strategic and Planned preparation for the exam is enough to crack it. There are total of 5 sections in the exam.
|S.no.||Name of Test (Objective)||No. of Q||M. Marks||Duration|
|1||Reasoning||40||40||Composite time for 120 minutes|
|4||General Awareness (With Spl. Reference to Banking)||40||40|
However, English language section may vary clerical and P.O exam, because P.O exam is also having Descriptive paper.
Comprising of Essay, Precis, Letter writing etc.
For preparation for these exams there are many good books available in the market, however joining a coaching. Institute is always beneficial for following reasons.
- These institutes have the expertise to train the people for these exams.
- Joining a coaching institute gives a fair amount of idea of the competition.
- Joining a coaching institute gives regularity in the studies so you get a better chance to work on your weaknesses.
- Work on your weaknesses. But before joining any institute. However there are different strategies to be adopted for different subjects.
For Maths, brush up your basics mainly up to 10th class, regular practice and no fear about Mathematics is the key to success.
For English, work on the basic grammar. Reading newspaper is surely helpful in improving vocabulary and comprehending skills.
For Descriptive reading of editorials is definitely beneficial.
For reasoning, regular practice and basic concept of the topic is the key.
For computer knowledge and banking knowledge again basic knowledge is enough.
13. What is the Minimum Marks required to pass the exam.
Earlier out of 250 marks min of 120 marks (24 in each subject) was required but due to change in the trends of IBPS Max. Marks is 200, so it is expected a min of 100 marks [20 in each subject] be required to qualify. But to come in merit higher merit is required to make your chance sure, you should be able to have minimum accuracy of above 70%.
- 14. Negative Marking.
It is really necessary that to give answer of every question carefully as there is negative marking also. For each wrong answer 0.25 marks are cut down.
15. How the time be managed in exam.
In actual it is your race against time. If we see there are 200 questions and time is just 120 mins. i.e, on an average there is just 36 sec per question. So one has to be really fast, very fast!!. So it is s better we divide each section and allot time according to their requirement. For English, allot 20 mins. & 15 mins. each for G.K and computers and dedicate 30 mins each for Maths & reasoning and last five minutes must be for checking of answer keys, If it is properly filled or not. Some advice for the students who are going to give J&K Bank (RE) exam to be held on 4th Nov. 2012, across J&K. As there are three sections Reasoning (75 questions). Maths (50 questions) and English (50 questions) and total time is again 120 mins (2hrs) so time allotted should be 50 mins for reasoning, 35 mins for maths 30 mins for English and last 5 mins for revision.
ALL THE VERY BEST