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IBPS PO Exam

Probationary Officer (PO) is a very lucrative post among bank exam aspirants as it is the first ladder to enter and serve as an Officer in Banking Industry. 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.

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All you need to know about IBPS PO Exam

Latest Update

Date: October 2018

The Institute of Banking Personnel Selection also known as IBPS, is a recruitment body that was started with an aim to encourage the recruitment and placement of young graduates in public sector banks in India (except SBI). It also provides standardized systems for assessment and result processing services to organizations.  

CWE PO/ MT VIII  Preliminary Examination 13.10.2018, 14.10.2018, 20.10.2018 & 21.10.2018
  Main Examination 18.11.2018

Every year Institute of Banking Personnel Selection holds the IBPS PO Bank Exam to select Probationary Officers in Public Sector banks. IBPS offers recruitment services to all Public-Sector Banks, SBI, Associate Banks of SBI, RBI, NABARD, SIDBI, LIC & Insurance companies and regular member Banks of the IBPS society.

Eligibility Criteria

The Eligibility Criteria for IBPS PO 2017 consists of a set of requirements and clauses in terms of Age, Educational Qualification and Nationality. Let us have a look at it and see if we are eligible to appear for IBPS CWE PO/ MT Recruitment Examination 2018.

 

Age Limit

In order to be eligible, a candidate must be between the age of 20 to 30 Years.

The relaxation in the upper age limit has been applied according to government norms. They are as follows

  • SC/ ST: 5 Years
  • OBC: 3 Years
  • PH: 10 Years
  • PH + OBC: 13 Years
  • PH + SC/ST: 15 Years

Educational Qualification

A candidate must possess atleast a Bachelors Degree from a recognized college or university recognised the Central Government.

Syllabus

IBPS PO Syllabus

Since there is a predefined time slot for each section, you need to be well informed regarding all the topics specific to each section of IBPS PO. We have mentioned the entire IBPS PO syllabus  in a constructive format.

IBPS PO Reasoning Syllabus

This section will consist of questions based on Verbal & Non-Verbal Reasoning from following topics:

  • Classification
  • Analogy
  • Decision Making
  • Word Formation
  • Series, Decoding & Coding
  • Blood Relation
  • Symbol & Notation
  • Statement & Conclusion
  • Sitting Arrangement

IBPS PO English Language Syllabus

This section will consist of questions on basic understanding of English Language from the following topics:

  • Completion of sentence
  • Tenses
  • Meanings
  • Grammar Errors
  • Passage Completion
  • Synonyms & Antonyms

IBPS PO Quantitative Aptitude Syllabus

This section will consist of questions based on numerical ability from the following topics:

  • Arithmetic & Data Interpretation
  • Bar Graphs
  • Pie-Charts
  • Line Graphs & Tabulation
  • Roots
  • Average
  • Ratio
  • Time & Work
  • Time And Distance
  • Percentage
  • Profit & Loss

IBPS PO General Awareness

This Section will consist of questions based on General and Financial Awareness from following topics:

  • Geography
  • History
  • Science
  • Economics
  • Sports
  • Constitution
  • Politics
  • History
  • Banking
  • Culture

IBPS PO Computer Knowledge Syllabus

In this section, basic knowledge about the world of computers will be put to test. Topics are mentioned below:

  • MS Office suite
  • Windows
  • Internet
  • Operating systems
  • Computer networks
  • Internet E-commerce
  • Acronyms

Exam Pattern

Similar to SBI PO, the IBPS PO Prelims Examination is an Objective MCQ based paper with 3 sections – Reasoning Ability, Quantitative Aptitude and English Language.

Tier I: IBPS PO Prelims

 Name of the Section  Number of Questions  Marks
 Reasoning Ability  30  30
 Quantitative Aptitude  35  35
 English Language  35  35
 Total  100  100

Some of the essential details related to IBPS PO Prelims are as follows.

  • The total number of questions will be 100.
  • The Paper mode will be English/ Hindi.
  • Each question carries 1 mark.
  • The total time to solve the entire paper is 60 minutes.
  • There will be sectional and overall cutoff.

IBPS PO Prelims will be qualifying in nature. This means that marks secured in Preliminary Examination will not be considered while making the Final Merit List. But, a candidate needs to score well in order to move to next level, which is IBPS PO Mains.

Tier II: IBPS PO Mains 2017

The pattern of Mains Examination will be Objective MCQ based. There will be 4 sections – Reasoning & Computer Aptitude, English, Quantitative Aptitude and General Awareness.

 Name of the Section   Number of Questions  Marks Allotted 
 Reasoning & Computer Aptitude  45 60
 English Language  35 40
 Quantitative Aptitude  35 60
 General Awareness (related Banking)  40 40
 Total  155  200

Now, talking about the major exam pattern change in IBPS PO Mains, there will also be a Descriptive paper in Mains.

English Descriptive Paper (Letter Writing & Essay): 25 Marks

Some of the essential details related to IBPS PO Mains 2017 are as follows.
  • The total number of questions will be 155.
  • Each section will be timed separately.
  • The Paper mode will be English/ Hindi.
  • There will be sectional and overall cutoff.
The exam will be more challenging as a candidate can only devote designated time to each section.

Tier III: Interview

The candidates who are shortlisted on the basis of their performance in IBPS PO Mains Examination will be called for the final round i.e. Interview. The Final Merit List will be based on the scores secured in Mains Examination and Interview Round

Job Profile

The post of a probationary officer is the most popular choice for all of the bank aspirants. The job offers high career growth and prospects for a bright future in banking. Typically, a bank PO undergoes a 2 year probation period or training and then gets the post of Assistant Manager on joining a branch. During this period, officers are assigned various responsibilities and roles such as:

Providing Service to Customers: In many branches of public sector banks, a probationary officer will be asked to assist customers in various services such as opening new bank accounts, handling cash receipts, depositing money etc. The responsibility of issuing ATM cards, cheque books, Demand Drafts etc. is also assigned to probationary officers.

Expanding Business: As an IBPS PO, you need to interact with customers directly. During this process, you need to promote various products and services of the bank and its partners such as fixed deposits, mutual funds, insurance policies etc.

Handling Cash and Customer Complaints: You may be required to perform clerical work or activities related to the bank. You should be able to control the ATM activities as well. Another responsibility of IPBS PO job profile is to work as public relations officer and handling customer complaints. You will have to address various customer related issues such as rectification of undue charges, discrepancies in accounts etc.

Reporting Verification: As a probationary officer, you will be assigned to generate reports which may include deposits, withdrawals, ledger balances etc. You will have to manually verify each transaction and record the changes found.

Communication: It is important that a PO should be aware of the latest developments of the bank. You will have to send official letters and e-mails to other departments and ensure a free flow of communication. You need to follow these responsibilities effectively as well as efficiently to maintain your position of IBPS PO.  

IBPS PO Salary Perks and Allowances

After knowing about the roles and responsibilities in a typical IBPS PO job profile, you must be curious to know the salary.  In most of the public sector banks, Salary of PO is almost same. Thus, CTC will vary from bank to bank and place of posting. Current, revised basic pay of PO:

23700 – (980 x 7) – 30560 – (1145 x 2) – 32850 – (1310 x 7) – 42020

For your better understanding let's breakdown the basic pay, fixed salary, and perks of probationary officers.

IBPS PO Salary

In most of the public sector banks, the first term of the pay scale Rs 14500/- is the initial basic pay of Bank PO. The second term in the pay scale shows that officers can get up to 7 increments worth Rs 600/- each. The third term involves 2 increments worth Rs 700/- rupees. Similarly, the fourth term in the pay scale will mean that a Probationary Officer can get 7 more increments worth 800/- each This means that the total salary which an IBPS PO can draw after completion of all the terms will be Rs 25,700. After adding all the allowances, the total salary will be approx Rs. 42,000. Let us see the perks & allowances breakdown:

IBPS PO Perks and Allowances

  • Dearness Allowance: The latest DA allowance in banks is 39.80% of the Basic Pay.
  • House Rent Allowance: This varies according to Bank PO’s place of posting and can be 9.0% or 8.0% or 7.0%depending upon metros, big cities, and other locations.
  • City Compensatory Allowance: This also depends on the place of posting and can be either 4% or 3 % or 0%.
  • Reimbursements: The limit for the room rent reimbursement is Rs 700/- per day. Other than this, he is also eligible for Rs 8000/- as medical aid every year. You can also avail Leave fare concession for medical or non-medical purposes. Leave fare concession will reimburse travel expenses for 4000 km.
  • Annual Increment: Rs. 980, it will be applicable for a period of 7 years.
  • Special Allowance: In the latest revision, a special allowance has been added to the salary structure of Bank PO. In addition, it is 7.75% of the Basic Pay.
  • Other Perks: Petrol expenses up to 35 Litre and news paper expenses up to two newspapers. There are also other reimbursements like telephone and entertainment expenses.

 

Result

Cutoff

IBPS PO 2017 Prelims Cut Off (Subject-wise)

SubjectsEnglish LanguageQuantitative AptitudeReasoning AbilityTotal
Maximum Score 30 35 35 100
Cutoff Score 05.00 07.75 10.00 42.75

Category-wise Cut-Off

CategoryCut off
Scheduled Caste (SC) 36.00
Scheduled Tribe (ST) 28.50
Other Backward Classes (OBC) 42.25
General (Gen) 42.75
Hearing Impaired 15.75
Orthopaedically Challenged 28.75
Visually Impaired 23.25
Intellectual Disability 17.75

IBPS PO Mains Cutoff (Category-wise)

GEN
82.00
OBC
75.63
SC
62.50
ST
42.25
VH
77.87
ID
55.00
HI
47.75
OC
59.63

IBPS PO Mains 2017 Section-wise Cutoff

1.
Reasoning & Computer Aptitude
60
7.50
10.25
2.
General Economy/Banking Awareness
40
8.25
11.25
3.
English Language
40
3.25
5.75
4.
Data Analysis & Interpretation
60
10.75
14.00
5.
English Language (Descriptive)
25
8.75
10.00

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