IBPS PO Job Profile in Bank

IBPS PO Job Profile in Bank

The exam of IBPS PO will be conducted in October 2019. For the best results you need to be well aware with IBPS PO job profile that will provide you requisite information and inspiration to crack IBPS PO bank exam.
As Lakhs of aspirants are preparing for the coveted profile of Probationary Officer every year, the competition to crack IBPS PO exam is getting tougher day-by-day. For starting your preparation or for giving a finishing touch to your preparation you should know everything about the profile that you are going to hold in future.
Probationary Officer (PO) is a very lucrative post among bank aspirants as it is the first ladder to enter and serve as an Officer in Banking Industry.  Many of the aspirants have no idea what actually a Probationary Officer does, so we are providing an article to clear all their doubts. Here are IBPS PO roles and responsibilities that will help you get a better idea of the work profile.

IBPS PO Job Profile

Designation Probationary Officers holds (PO) in banks -

The IBPS PO work profile includes holding the designation of an Assistant Manager (AM) on Probation. He is in Junior Management Grade-1 (JMG-Scale 1) Officer thus he is often called as Scale 1 Officer or Asst. Manager. 

Initial Posting of Probationary Officer(PO) -

If you get selected as a Probationary Officer, you will go through Induction training program in Management Training Academies of the bank which lasts for 10 to 20 days. The duration of training varies from bank to bank. After completion of their induction training in Management Training Academies a PO can be posted anywhere in India, as the service of Government Bank Officer is All India based service.

They can be posted as an Asst. Manager on probation in different branches or Head Office or Corporate Office or Zonal Offices or in specialized branches like microstate branches, treasury Branches etc. as per placement policy of particular banks.

Duration of Probation Period -

Normally the probation period is of two years in which the officer is exposed to different types of banking related works. In some banks, the duration may be limited to one year. Probation period in some banks is divided in phases which vary from banks to banks.
Ex - In Indian Bank

Ist Phase- 6 months,

IInd Phase-6 months and
IIIrd Phase- 1 year.

The officers or probationers may undergo frequent transfers or deputations during the probation period. Once the probation period is completed the officer is confirmed as an Assistant Manager and gets his or her permanent posting after satisfied Police Verification report from their Local SSP Office or police station.
Some banks are now-a-days placing officers as Deputy Managers also, just after confirmation, provided they pass the test conducted by the bank.
For example: State Bank of India conducts a confirmation exam. If a probationary officer passes the exam, he is confirmed as an Assistant Manager. In fact, State Bank of India even gives a chance for promotion to Scale II to candidates who perform exceptionally well in the exam. Other Nationalized Banks do not conduct exams for confirmation.

Role of Probationary Officers (PO) in banks -

POs are the talented young officers who have ample of potential and a great zeal to work faster and perform better than others.Here is a list of  characteristics of an IBPS PO job profile-
  1. Multitasking job –The role of PO is a multitasking job and they are assigned for various banking activities, which helps them to get familiar with various working procedures of the bank.
  2. Practical knowledge– POs are practically trained in various fields, like – Marketing, Accounting, Loans & Advances as well as Finance.
  3. Customer services– Often POs are required to handle the customers of the banks, used to guide them about the banking facilities and products available to them, like issuing Cheque books, ATM cards, Demand Draft, etc. Customer complaints like discrepancies in accounts, rectification of undue charges are also handled by them.
  4. Supervision of Clerical work– All the clerical work such as managing cash, opening account and customer dealing is done under the supervision of POs. In case of cash transactions, PO is responsible to check whether Clerk entered everything correctly or not and authorize the transactions.
  5. Loan Processing– One of the major functions of the bank i.e. providing loan to the needful is also taken care of by a PO. Before granting the loan to the customer, all the documentation is to be done under his/her supervision. 
These are the IBPS PO roles and responsibilities that entail the job profile of a probationary officer. 

Basic Salary of Probationary Officer -

A Bank Probationary officer’s starting salary in most of public sector banks and even in some private banks is same. The latest revision of salary of Bank PO has taken place wef from 1st November, 2012 (The final agreement has been signed only on 25th May, 2015) The revised initial Basic Pay of an  PO will be Rs.23,700/- as from 1st June 2015 onward. IBPS PO also receive an annual increment of Rs.980, which is paid upto the seventh year.

Major allowances payable monthly to POs -

In addition to Basic Pay POs are eligible for the following allowances:-
  1. Dearness Allowance (DA): DA in banks is revised on quarterly basis (i.e. in the months of February, May, August and November) based on the Consumer Price Index (CPI) as declared by Government of India. The new revised current DA is 39.80 % of Basic Pay. DA can go up with higher inflation and also come down if the inflation rate is in negative.
  2. Special Allowance:This has been added in 10th BPS (wef 01/11/2012) and for scale I is 7.75% on which DA is also payable
  3. HRA (House Rent Allowance):This depends on the place of posting and it can be either 9.0% or 8.0% or 7.0% depending on the place of posting.
  4. CCA (City Compensatory Allowance):This also depends on the place of posting and can be either 4%  (maximum Rs.870/-) or 3 %( Maximum Rs.600/-) or 0%

IBPS PO In-Hand Salary

The above statistics indicates that the total salary of an IBPS PO on joining at a metro city will be around Rs.37145/-.  However, the total salary of a IBPS PO who has to join in rural area will be about Rs 35800/ (This includes HRA also). However, SBI gives four additional increments to Bank POs and thus gross salary will be higher by about Rs 5000/-.pm.
In lieu of HRA, most of the banks allow you to take leased accommodation, the amount of which varies from bank to bank and also depends on place of posting (The entitlement of such accommodation ranges from Rs 10000 to Rs 29,000 p.m (approximate). Thus, we can say the salary cash component of Bank PO in Public Sector banks is around Rs 37100 pm whereas in SBI, the initial cash component salary of SBI PO is around 43000 /-pm (including HRA). You can also see IBPS PO salary for more details, as it will help you understand the IBPS PO job profile in a better way.
At last a probationary officer has to work in various departments. It can be Deposits, Loans & Advances, Clearing, Pensions, Payment and Cheque clearances, Fixed Deposit, ATM and Internet Banking, Credit Card, Report Making, etc. Work allotted to them mainly depends upon the policies of a particular bank also place of posting where he or she got posted. They are like diamonds for every bank and banks also want to polish them by giving them best training.This is the overall IBPS PO job Profile.
The upcoming IBPS PO exam is a way for you to enter this field. You can check your IBPS PO syllabus on our website. You must also check out IBPS PO eligibility criteria 2019 to find out if you are eligible for IBPS PO 2019 exam.
For the best preparation of the exam, you should practice different sections of the IBPS PO 2019 prelims like general awareness, quantitative aptitude, financial awareness, computer awareness etc.

How to Apply - IBPS PO Recruitment 2019

Eligible candidates may apply online for IBPS PO 2019 at IBPS's website (direct link is given below) from 07 Aug 2019 to 28 Aug 2019

IBPS PO Recruitment 2019 : Apply Online (Click Here)

Check the other Ongoing and Upcoming Recruitment, in the link given below.

Ongoing & Upcoming Exams & Recruitment

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