Bank Officer jobs - recruitment of Probationary officers /Management Trainees


Institute of Banking Personnel Selection has released the notification for its common recruitment process for recruitment of 8822 posts of Probationary Officers/ Management trainees in various banks in India. The online examination for this recruitment process is scheduled tentatively to be in October 2016 or November 2016. Aspiring candidates will find this article helpful to know more details of the exam.

Bank Officer Jobs

Bank officer jobs are one of the most aspired jobs with the graduates in India. They offer reasonable compensation, respectability, environment and career prospects. For these reasons job seekers apply in large numbers for such posts even when vacancies are less. Here is a bounty for those job seekers. IBPS, who is now managing the common recruitment process for banks in Indi has come with its notification for common recruitment for large number of posts of Probationary Officers/Management Trainees in various banks in India.

What is this recruitment process notifcation for

This is for a common Recruitment Process is for recruitment of Probationary Officers / Management trainees in the participating banks. It is shortly referred in abbreviation CWE PO/M-VI, to denote Common(written) Examination for Probationaty Officers/Management Trainees –(VI th).Now this examination is online.

What is the number of vacancies notified

The recruitment called for is tentatively for a total of 8822 vacancies from which is earmarked vacancies for the reservations under various categories. The unreserved vacancies is tentatively 4500.

Which are the participating banks

The participating banks for which the common recruitment process is conducted are given below alphabetically:

  1. Allahabad Bank
  2. Andhra Bank
  3. Bank of Baroda
  4. Bank of Maharashtra
  5. Canara Bank
  6. Central Bank of India
  7. Corporation Bank
  8. Dena Bank
  9. IDBI Bank
  10. Indian Bank
  11. Indian Oversea Bank
  12. Oriental Bank of Commerce
  13. Punjab National Bank
  14. Punjab& Sind Bank
  15. Syndicate Bank
  16. UCO Bank
  17. Union Bank of India
  18. United Bank of India
  19. Vijaya Bank


When to apply

Important dates are given below:
Online registration, editing and modification of application: 26.07.2016 to 13.08.2016
other important dates :
Online Payment of application fee and charges: 26.07.2016 to 13.08.2016
Call letter download for Pre- exam training: 23.09.2016 to 08.10.2016
Conduct of Pre-exam training: 03.10.2016 to 08.10.2016
Call letters download for Online Exam- Preliminary-October 2016.
Online examination-Preliminary: 16.10.2016 / 22.10.2016 / 23.10.2016
Result of online examination-Preliminary: November 2016
Call letters download for Online Exam- Main: November 2016
Online Examination – Main : November 2016
Declaration of Result – Main December 2016
Download of call letters for interview :January 2017
Conduct of interview : January / February 2017
Provisional Allotment : April 2017
These dates are as of now and tentative and may undergo changes .Hence candidates may keep visiting the website www.ibps.in for updates.

Eligibility criteria

Age(as on 01.07.2016):


Minimum: 20 years Maximum: 30 years. Applicable relaxation allowed for eligible category candidates like SC/ST, OBC, persons with disabilities, ex-servicemen etc. The specific details are available in the notification.

Educational Qualification(as on 13.08.2016)

A degree(graduations0 from any recognised university or equivalent recognised qualification.
Note: The qualifications should be from a University/ Institution/ Board recognised by Govt. Of India/ approved by Govt. Regulatory Bodies and the result should have been declared on or before 13.08.2016.

How to apply

Applicationis only n online mode. Candidates will be able to apply online from 26.07.2016 to13.08.2016
Before actual filling in online, candidates to keep ready the following .

  1. Scan your photograph and signature . Please ensure that both the photograph ( size 4.5cm × 3.5cm) and signature conform to specifications s given in Annexure III of the notification.
  2. Ensure to have an active Email id and password.This should be kept active and alive till the process is over as important communications and call letters are sent via Email.
  3. Signature should not be in capital letters.


Application fees

Onine payment from 26.07 2016 to 13.08.2016.
Rs 600/- for general category candidates. Rs 100 forSC/ST/PWD candidates.

Procedure for applying online.

Visist IBPS website www.ibps.in .Click on home page on "CWE PO/MT" link to open.
Then click on "CLICK HERE TO APPLY ONLINE FOR CWE- PROBATIONARY OFFICERS/ MANAGEMENT TRAINEES (CWE-PO/MT-VI)" link to open On-line application form. Then click for New Registration and follow the leads and fill required details.

The online fee payment is integrated with online application to be made by selecting suitable options of online payment.

Examination structure

a. Preliminary Examination


The preliminary examination is of One hour with a total of 100marks divided as:

  1. English Language: 30 questions - 30 marks
  2. Quantitative Analysis: 35 questions -35 marks
  3. .Reasoning ability: 35 questions – 35 marks


Candidates have to secure a cut off marks for eac test in the above as decided by IBPS.

b.Main Examination

The main examination id of 140 minutes duration, total of 200 marks from 200 questions sub divided into five tests as below:

  1. Reasoning: 50 questions; 50 marks ; 40 minutes
  2. English Language: 40 questions; 40 marks; 30 minutes
  3. Quantitative aptitude: 50 questions; 50 marks; 40 minutes
  4. General awareness(special reference to banking): 40 questions; 40 marks; 20 minutes
  5. Computer knowledge: 20 questions; 20 marks; 10 minutes


Negative marks:

Penalty is awarded for marking wrong answers marked in objective tests , both in preliminary and Main examination. For each wrong answer marked, ¼ th of the mark assigned for that question wll be deducted.

Examination centres;

There are many centres for examination across the country. The details are available in the Annexure II of the notification. The centres for main examination will be limited in comparison to the preliminary examination.

Interview:

Marks obtained in the main examination only will be considered for short listing for interview(and for final merit listing). Candidates thus shortlisted for interview will be called for interview to be conducted at select centres by the participating institutions or Nodal banks organisation and co-ordinated by nodal banks in each state, helped by IBPS.
The total marks for the interview will be 100. The minimum qualifying marks in interview will not be less than 40%(35% in case of SC/ST/OBC/PWD candidates).

Provisional allotment

On completion of the interview process, candidates provisionally shortlisted in final list will be allotted to a participating bank depending on the vacancies to be filled in Financial year 2017-18 as reported to IBPS. based on merit-cum-preference complying government guidelines on reservation etc. The provisional allotment is also subject to the candidate fulfilling the criteria for Participating banks and satisfactory identity verification.
Full notification:
The notification in full can be downloaded from http://www.ibps.in/wp-content/uploads/Re_Revised_Detailed_advertisment_for_CWE-PO_MT_VI.pdf.

Pre-examination training

Pre examination training will be arranged for limited number of candidates belonging to SC,ST, Minority communities at selected centres by the participating or nodal banks. Eligible candidates wishing to avail the same should fill the relevant columns in the online application

Last but not least

Aspiring eligible candidates may read the full notification and after needed preparatory actions ensure that they apply properly before the last date. Candidates should also visit IBPS web site for any updates. Best Wishes.


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Comments

Author: Kailash Kumar21 Jul 2016 Member Level: Platinum   Points : 4

The successful candidates are inducted as Probationary Officers in the scale-1 and become eligible for a minimum salary of Rs. 38,200. This amount is calculated by adding basic pay, dearness allowance (DA), special allowance, HRA and CCA. The pay scale is Rs. 23,700 - 980*7 - 30,560 - 1145*2 - 32,850 - 1310*7 - 42020. The special allowance is 7.75% of the basic, DA 43%, HRA - 7, 8 or 9 % on basic, CCA 4% (maximum 870) or 3% (maximum 600) or 0%. Medical benefits are Rs. 8000 per annum.
Normally after about 10.5% cut towards contributory pension fund, TDS/professional tax etc.,the take home salary is about 38,200.



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