IBPS : Institute of Banking Personnel Selection
What is IBPS?
IBPS Exam :Institute of Banking Personnel Selection commonly known as IBPS is a very famous exam for getting jobs in Government and Non-Government Banks. IBPS is a self-directing agency in India.
History of IBPS :
This Agency had started long back in the year 1975. In 1975 it started its large-scale farming business as Personnel Selection Services (PSS). It was in 1984 , that Reserve Bank of India and other Public Sector Bank commanded IBPS as an independent entity. The mission of IBPS is enhancing human resource development through personnel assessment. IBPS is visualized as a sovereign academy and research oriental institute.
CWE which is Common Written Entrance was started by IBPS in 2011. IBPS made it compulsory for the candidates who wanted to recruit themselves as an officer and clerks of Indian Banks.
What is IBPS CWE (Common Written Entrance)?
Common Written Entrance is popularly known as CWE. Every candidate who aspires to get a job in the bank has to apply online for this entrance exam. Once in a year, IBPS accepts the application from aspiring candidates, it is particular in the month January. The application form is filled online but its examination is held had various different centers, located all over India.
Candidates have to give this entrance examination in 3 states i.e.;
- Preliminary exam
- Mains examination
IBPS recruitment process is 2 or 3 level selection process. IBPS recruits the passing candidates in different Public Sector Banks, SBI, Associate Bank of SBI, RBI, NABARD, SIDBI, few Co. op. Banks, Insurance & LIC . All these banks are regular members of IBPS club. Apart from this, there are many other Regional Rural Banks, many Public Sector Undertakings of non-financial sectors, Government sectors, State-owned companies and corporations, in which passing candidates are recruited. It recruits the candidates according to the requirements of Banks.
After clearing the three step procedure candidates are accordingly recruited either for Bank Probationary officer or Management Trainees or Bank clerk.
LIST OF BANKS UNDER IBPS:
|Sr.no||Bank Name||Head Office|
|2||Indian Overseas Bank||Chennai|
|4||Oriental Bank of Commerce||New Delhi|
|5||Bank of Baroda||Mumbai|
|6||Punjab National Bank||New Delhi|
|7||Bank of India||Mumbai|
|8||Punjab & Sindh Bank||New Delhi|
|9||Bank of Maharashtra||Pune|
|10||Syndicate Bank||Manipal (Karnataka)|
|11||Union Bank of India||Mumbai|
|12||Central Bank of India||Mumbai|
|13||United Bank of Bank||Calcutta|
|20||State Bank Of Indore||Indore|
|21||State Bank of Patiala||Patiala|
|22||State Bank of Hyderabad||Hyderabad|
|23||State Bank of Mysore||Mysore|
|24||State Bank of Bikaner & Jaipur||Jaipur|
|25||State Bank of Saurashtra||Saurashtra|
|26||State Bank of Travancore||Travancore|
IBPS CLERK Eligibility (2016-2017)
1. Academic Qualification:
Candidate should be a graduate from any University which is recognized by the Government of India. Graduation can be done in any of their desired streams.
The Else candidate had passed any equivalent qualification which is recognized by the central Government of India.
2. Computer Literacy:
It is necessary for the candidates to have knowledge in computer. They should hold certificates or diploma or else Degree in computer programming and operations.
The candidates who have studied computer/ Information Technology in their High School/ college/ in any institute can also apply for this examination.
3. Language Literacy :
Candidates should know the language of the State / UT they want to apply for.
Candidates should know to read and write or speak the regional language of the place they desire to get recruited.
(At the time of Interview few questions can be asked in the regional language so as to know their knowledge of the language.)
4. Ex- servicemen:
All ex – servicemen who fail to have above qualification , can also enroll themselves.
The ex-servicemen who had been in series for at least 15 years in Army/ Navy / Airforce can also apply for this examination.
5. Age Limit:
The maximum age limitation is 28 years
The minimum age limitation is 20 years.
In the Table given below there is upper age limit relaxation given to the specific category :
|3||Disable persons||10 years|
|4||Ex-servicemen /Disabled Ex-servicemen||Number of years of service offered in defense forces + 3 years
For disabled ex-servicemen, there is additional 8 years relaxation who are from SC/ST category. Provided the maximum age limitation should not cross 50 years.
Legally separated but unmarried women.
|6||Domiciled citizen of Kashmir Division of J&K between the period od 1st January 1980 to 31st December 1989.||5 years|
|7||Persons who are affected by 1984 riots||5 years|
|8||For Madhya Pradesh citizens
Those affected in Bhopal Gas Tragedy.
IBPS PO/MT Eligibility 2016-2017
- All the educational qualification should be from the universities / institutes recognized by the Government of India/ should be approved by Government regulatory boards. The candidate should have passed their graduation on or before 1st august 2015.
- Candidate should be a graduate from any University which is recognized by the Government of India. Graduation can be done in any of their desired streams. The Else candidate had passed any equivalent qualification which is recognized by the central Government of India.
- Candidate should have legitimate mark sheet/ passing certificated stating that he/she has graduated on so-and-so date, and has obtained so many marks and percentage.
- The origin documents and certificates received from any Board/ Universities should be produced at the time of Interview.
- Candidates are supposed to bring out nearest decimal numbers percentage of their total marks obtained.
- If their marks are in CGPA/ OGPA still they will have to remove the percentage of it .
- This is applicable to all they Universities and all they different types of Universities Registered under Government of India.
- If in case any Candidate has scored 59.99% then it will 60% , in the same way, all the fractions of percentage so obtained will be round-figured.
IBPS SO eligibility 2016-2017
- Bank SO officer mean Specialist Officer.
- For this post, there are Scale I and Scale II .
- In Scale I, only those candidates who have born after /on 02:11: 1983 but not before that , and who had born on/ before 01:11:1993 .
- In scale II , those candidates are included who have born on/ after 02:11:1978 and on / before 01:11:1993.
|Sr. no||Name of the Post||Age||Academic Qualification||Work Experience|
|20 ≤ a ≥ 30 Years||
|2||Agricultural field officer
|20 ≤ a ≥ 30 Years||Graduation (Degree) in Agriculture/Horticulture/ Animal Husbandry/ veterinary science/ Dairy Science/ Agri. Engineering / Fishery Science/ Pisciculture/ Agri. Marketing & Co.operation/ Co-operation & Banking / Agro- Forestry.|
|20 ≤ a ≥ 30 Years||Post Graduate Degree in Hindi with English as a subject at the graduation level.|
|20 ≤ a ≥ 30 Years||Having Bachelor Degree in Law and enrolled as an Advocate in Bar Council of India.|
|5||HR/ Personnel officer
|20 ≤ a ≥ 30 Years||
|6||Marketing officer (scale I)||20 ≤ a ≥ 30 Years||Graduate.
Full-time MBA in marketing.
Full time 2 years in PGDBAM/ PGDBA along with specialization in Marketing.
|20 ≤ a ≥ 35 Years||
||2 years in I.T field|
|20 ≤ a ≥ 35 Years||LLB||Enrolled as an advocate in Bar Council.
3years practice experience at Bar and Judicial service. OR
2 years as a law officer in the legal department in the scheduled commercial bank or central/ state government or of public sector undertaking. Candidate should produce the required work experience certificate from bar/ court/ organization.
|20 ≤ a ≥ 35 Years||Passed Final examination of CA|
|10||Manager credit / Finance Executive
|20 ≤ a ≥ 35 Years||Graduate.
CFA/ ICWA/ full-time MBA/ full-time PGDBM (FINANCE).
|2 years in the area of credit appraisal of big / medium industrial projects in scheduled commercial banks.|
IBPS RRB Eligibility 2016-2017
Here, RRB stands for Regional Rural Bank.
The detailed information about the eligibility of RRB officer is given below:
|Sr.no||Post||Age Limitation||Academic Qualification||Experience|
|18≤ a 28 ≥years||
|2||Officer Scale I||18≤ a 28 ≥years||
|3||Officer scale II
General Banking Officer
|21≤ a ≥ 32 years||
||2 years in Bank/ Institution.|
|4||Officer scale II
|21≤ a ≥ 32 years||Chartered Accountant
Certified Associateship from Institute of Chartered Accountants in India.
Certified Associateship from Institute of Chartered Accountants of India or MBA in Finance from recognized University/ Organization .
MBA in Marketing
Degree in agriculture/ Animal Husbandry/ Horticulture/ Forestry/ Pisiculture / Veterinary Sciences/ Agricultural Engineering/ Agricultural Marketing & Co-operation with 50% aggregate marks.
Degree in LLB with minimum 50 % aggregate form any recognized university or its equivalent.
2 years of work experience as an Advocate or as a Law officer in any Bank / Institutions.
|5||Officer scale III||21≤ a ≥ 40 years||
||5 years experience in a Bank / Financial Institutions.|
- Candidates can simultaneously apply for two different posts like Post of Office Assistant ( Multi- purpose) or post of Officers.
- Candidates cannot apply for two officers post simultaneously like he can apply only for the post of scale I or scale II officer or scale III.
- All the academic qualification mentioned above should be from recognized University/ Board.
IBPS Exam Pattern:
IBPS agency conducts CWE examination once in a year. It is a three-step examination .
- Preliminary Examination
- Mains Examination
- Interview Selection
Both Prelims and Mains are objective based questions carrying 100 and 200 marks respectively .
I.Subjects of Preliminary Examination (100 marks):
- Reasoning Ability Paper (35 marks)
- Quantitative Aptitude Paper (35 marks)
- English Language Paper (30 marks)
Note: Duration of this examination is 1 hour.
II.Subjects of Main IBPS Exam (200 marks) :
- Reasoning (50 marks)
- English Language (40 marks)
- Quantitative Aptitude (50 marks)
- General Awareness (40 marks)
- Computer Knowledge (20 marks)
Note: Duration of this examination is 2 hour.
- Candidates who will successfully clear the Pre & Main IBPS exam will be notified to come for an interview.
- This personal interview session carries 100 marks .
- Minimum marks which a candidate can avail in an interview is not less than 40 and for SC/ST it is not less than 35 marks.
- Both the marks of CWE and interview will be taken into account , and then placement of the candidates will be made as per their ranking.
Documents to be carried while appearing for an interview:
- A copy of an IBPS application form.
- Call Letter of IBPS (Affixed with a photo and signature of a candidate).
- Photo identity proof.
- Graduation Mark Sheet.
- Certificate of work experience ( if any ).
- Medical certificate of Physically disabled candidate.
- Fresh and original copy of character Certificate from any respectable person.
Process of Registration:
Desiring candidates can register themselves online only. There is no offline form.
The official site for IBPS exam is www.ibps.in
Candidates after filling the form online for CWE-VI PO/MT they have to deposit application fee online.
Charges of application fee are Rs. 600 for General category
For SC/ST Rs. 100 .
IBPS Exam Dates 2016:
Scheduled Dates of IBPS exam for CWE PO/MT of 2016-2017
|1||Admit card for pre-examination training (Download)||9th sept to 19th sept 2016|
|2||Pre-exam Training||18th sept to 23rd sept 2016|
|3||Admit card of preliminary examination (download)||23rd sept 2016 onwards|
|4||Preliminary examination (online)||16th,22nd, 23rd October
|5||Result of Preliminary Exam (online)||First week of November 2016|
|6||Admit card for IBPS Main exam (download)||10th November 2016 onwards|
|7||CWE-VI Main exam (online)||20th November 2016
|8||Declaration of the main result||December 2016|
Note: The provisional date of online application form for CWE-VI is 10TH July 2016.
Tentative dates for CWE CLERK-VI IBPS EXAM FOR 2016-2017 are :
|Preliminary examination (online)||26th & 27th November 2016
3rd & 4th December 2016
|Main examination||31st December 2016 and 1st January 2017|
Tentative date for CWE-VI Specialist examination :
|Single Examination||28th & 29th January 2017|
Posts available in Bank:
Whenever we talk about IBPS exam the very first question which comes to our mind is what position is available for candidates in Bank.
There are four different positions available for the candidates who give IBPS exam:
They are :
- Probationary officer
- Specialist Officer
- Managers & above
Initially, they join the above-mentioned posts in the Bank.
It is very important to know the proper role of each and every post in a bank. Let us gain some detailed information above these post.
— Clerk Cum Cashier/ Office Assistant :
For the first time, job seekers in bank Clerk are the starting point of their career in banking.
The duties of the clerk are to take care of general branch banking like managing accounts or create reports or interacting with customers or any other work specialized by the bank.
Especially in Government Banks Clerks are given the work of managing the cash counters who take care of day to day transactions.
— Probationary officer :
PO`s are trained in different departments in the bank and they will help their manager in various activities.
Many bank PO has reached highest position in the bank like MD & CEO banks.
Bank PO is a higher post then bank clerk. His salary is also higher than a clerk.
Roles and duties of Bank PO:
Open new accounts, handle any other bank product, cash deposit, and withdrawal, account statement required of any of another document such as forms and issuing cheque books. etc. Bank PO will manage these types of works on a daily basis. Basically, it is to handle customer and solve their queries.
By account related duties mean opening account, closing account , closing dead account,providing all the necessary requirements of banks like checkbook, cashbook slip etc.,
Due to over burden of work, this work is also handed over to PO . Even the cash in ATMs is sometimes taken care by bank PO.
All types of transactions like Demand Draft (DD), Cheques, NEFT, RTGS and other payment methods. It is the duty of PO to manage all clearance system.
Department trains you for loan related products that how to sell and what to sell and how to convince customer and giving complete knowledge about the product. On being fresher, they are given the work of explaining the bank schemes to customers in order to get a loan .
Generate New Business:
They also have to make advertisement of Bank scheme, open new accounts, selling insurance , loans etc., they have to enhance the business of the bank.
ATM Related Queries:
They can also be assigned ATM related question like ATM lost, ATM pin, ATM blocking, the issue of new ATM card, card stuck in ATM, Cash is not received through ATM and much more.
Reporting & verification:
Bank PO can also be asked to manually verify the whole account , its debit and credit balance and report the same.
— Specialist Officer :
As the post reads “specialist officer”, the work is similar. SO is in-charge of special departments like Management, Engineering, systems Marketing, Public Relation & many other posts
Specialist Officer examines the companies that apply for a loan and also check their capacity to pay back the loan.
For the post of SO Candidates of special qualification are selected. For example, candidates having special knowledge in computers or B.E. in computers.
In Specialist officer also comes Agricultural officer, Let’s see its duties:
As there are many government schemes and also many Public sector Banks to assist Farmers, Agricultural Officers are recruited to help them, to check and provide proper guidance and advice to farmers or people related to farming activities.
Although the post for Agricultural officers is limited, still people having any qualification in agriculture/ horticulture/ veterinary Science are given preferences.
— Managers/ Asst. Managers :
This post is mostly filled by promotions which are held in the banks.
Exception : when any candidate appears who has done MBA and have 3 to 5 years of experience in any bank such candidates are given preference.
Note : the above-mentioned post is for the Public Sector Banks
Private Sector Banks have other posts including these. Post depends on the management and requirements of the bank.
Salary and Allowances
Salary of Bank Clerk
The Initial salary of Bank Clerk is RS. 7200/-.
Every Bank gives 2 increments of RS. 400/-
Total Monthly Salary of Bank Clark is 7200 +800 = 8000/- RS.
There is an increase in a number of increments after increase me years of services.
After 1 year of service number of increments increases from 2 to 3 .
After 2 to 3 years of service value of increment increase from 400 to 500/- RS.
3.Dearness Allowances (DA)
DA is charged as per consumer price index .
It is revised for every 3 months:
4.City Compensation Allowances [CCA]
Metro cities =4%
Other cities 3%
CCA is given to those employees who are appointed in big cities or metro cities.
5.Housing Rent Allowances [HRA] :
HRA also depends on the posting, in which city it is . HRA for
Metro cities = 10%
Goa + Population more than 12 lakhs =9%
Population more than 5 lakhs = 7.5 %
Other cities = 7%
6.Bank Clerk Salary after revision in 10th Bipartite Settlement:
If there is revision in the salary of bank clerk then their salary be somewhere between 21,339 to 23,117 /-
It depends on how much increment does IBA increases.
If IBA increases the increment to 20% then Final basic payment will be RS. 15,374/-.
Total DA & HRA will increase to 38.80 % of basic pay .
Total Net income of bank clerk (fresher) will be RS. 21,339 /-
If IBA agrees for 25% increment then basic payment will be RS 16,015 /-.
Net Gross income will become RS.22,228/-
If IBA agrees for 30 % increment then basic income will be 16,655/-.
Then the gross salary for fresher clerk will be RS. 23,117 /-
Salary in hand of a Bank clerk:
|Sr.no||Element||Salary at present||Salary after Revision *|
|3||HRA||800 (10% of DA)||1924 (15 % of DA)|
Salary depending on region :
|Components||Population > 45 lakhs||Population > 12 lakhs||State /Capacity/UT & population ≥ 5 lakhs||Other places|
Salary of Bank PO:
The basic salary of bank PO is RS. 23,700 /-
This salary is after revision of basic pay by IBA which is applicable from 1st January 2016.
2. Allowances :
DA depends on the economic status of the nation. It keeps on rising and falling .
It depends on the location where PO is posted . HRA can be up to 9% ,8% or 7%.
Special allowances will be given on 10th BPS .
Special allowances for scale I officer is 7.75%
At the time of special allowances, DA is also applicable.
This also depends on the place where the officer is posted.
It can be 4% – 3% but maximum it can be up to 800 RS.
There are chances where CCA can be 0%
It is traveling allowance , depends on the distance between home and office.
3.Perks to the Bank Probationary officer-
Perks differ from Bank to the bank .Highest perk is offered by State Bank of India.
4. Travelling allowances-
Most of the bank gives the traveling allowances. Also, take off the petrol bills made by the officer while coming to office and going back home.
5. Medical Aid-
Revised price for medical aid to Po is RS. 8000/- pa
6. Newspaper Compensation-
Bank also makes payment for the newspaper of its officer.
7. Leased Housing-
It depends on the bank to bank and place to place. Most of the Bank also offers its own colony or housing under such condition this perk is not available. HRA and Leased housing are two different benefits.
Apart from this, there are many other perks depending on the bank:
- Promotion of the bank PO depends on the efficiency and hard work of an employee.
- You can reach to the post of General Manager after 14 years of hard work.
- Some banks also have branches outside the country there are chances that you may get posted abroad.
Promotion chart with salary:
|Chairperson and Managing Director
|Approx. 2 + lac|
|Executive Director||Approx. 1.5 + lac|
|Management Grade Scale -VII
|Management Grade Scale -VI
Deputy General Manager
|Senior Management Grade Scale V:
Assistant General Manager
|Senior Management Grade Scale -IV
|Middle Management Grade Scale -III
|42020– 1310 -48570 -1460 -51490|
|Middle Management Grade Scale -II
|Junior Manager Grade scale – I
Bank PO salary after 10TH Bipartite Settlement:
There are a chance of an increase in the wages of Bank PO if IBA permits it .
After the permission of IBA, the salary of bank PO will raise to –
Basic pay – RS. 26,706 /-
Gross salary -RS 37,068/-
Basic pay – RS. 27,866 /-
Gross salary – RS.38,678/-
3.Increment – 25%
Basic pay – RS.29,026/-
Gross salary – RS.40,288/-
4.Increment – 30%
Basic pay – RS. 30,187/-
Gross salary – RS. 41,899/-
Salary of Bank SO – Specialist Officer
|1||Office Scale III||INR 64600/- pm
It is inclusive of DA &HRA of Current rate.
|2||Office Scale-II||INR 48800/- pm
It is inclusive of DA &HRA of Current rate.
|3||Office Scale I||INR 36400/- pm
It is inclusive of DA &HRA of Current rate.
|4||Office Assistant (MP)||INR 18100/- pm
It is inclusive of DA &HRA of Current rate.
Perks to an Bank SO:
- Bank SO enjoys the same perks as that of Bank PO.
- Least Accommodation is of INR 29500/-. This is in place of HRA.
- CCA is same as that of Bank PO i.e. 9% or 8% or 7%.
- They also get reimbursement for newspaper, Conveyance, Entertainment allowance, Housing and Furniture Maintenance etc.,
- For Scale, I officer Special allowance is at 7.75%
- According to revised CPI by government DA is RS.8605.88/-